Xiaomi 1.5 billion sets up a new company in Shanghai involving chip business.

According to Tianyan, Shanghai Xuanjie Technology Co., Ltd. was established a few days ago with a registered capital of 1.5 billion yuan, with Zeng Xuezhong as its executive director, general manager and legal representative, and Liu Deren as its supervisor.

The company's business scope includes technical services, technology development, technology consulting and technology transfer in the fields of electronic technology, communication technology, information technology and semiconductor technology; information technology consulting services; information system integration services; integrated circuit chip design and services; integrated circuit chip and product sales; integrated circuit design, etc. It is wholly owned by X-Ring Limited.

It is understood that Zeng Xuezhong worked in ZTE for 22 years and is known internally as "Zeng billion" and "eight King Kong". He has served as Executive Vice President of ZTE Corporation, Vice President of ZTE Global, CEO of ZTE Terminal, President of Ziguang Co., Ltd., Vice Chairman and CEO of Beijing Ziguang Zhanrui Technology Co., Ltd. At the same time, he is also the vice chairman of China IC Design Industry Technology Innovation Strategic Alliance, the 11th executive director of China Youth Entrepreneur Association, and the executive director of 5G Industry Technology Alliance. He is currently chairman and general manager of Shenzhen Huixin Communication Technology Co., Ltd., vice president and president of Mobile phone Department of Beijing Xiaomi Technology Co., Ltd.