Chinese conglomerate Xiaomi on Tuesday announced its first virtual investment summit on April 24, along with seed and growth stage VC firm Shunwei Capital, to interact with investors online, discuss changes brought by the COVID-19 pandemic and discover potential opportunities.
Called Demo Day, the virtual event is aimed at inviting the investor community to witness the growth of Xiaomi's portfolio companies, on the occasion of its 10th anniversary.
The Demo Day will have 6 different sessions and projects will be introduced in various sectors including software, hardware, consumer goods, finance, enterprise services and technology, the company said in a statement.
"By investing in companies with vision and potential, Xiaomi aims to create long-term strategic value and create a better life for everyone," said the company.
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The Chinese conglomerate's total revenue for 2019 exceeded 200 billion Chinese Yuan for the first time, reaching 205.8 billion Chinese Yuan which is up 17.7 per cent year-on-year.
Its adjusted net profit was 11.5 billion Chinese Yuan, up 34.8 per cent (YoY) for the calendar year that ended December 31.
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