What does Xiaomi Commercial Products Department do (Xiaomi E-commerce Department)

According to Xiaomi’s official WeChat account, on August 30th, Xiaomi’s Commercial Products Department held an online press conference. At the meeting, Lei Jun, vice president of Xiaomi and head of Internet business, said, “Since last year, I have been doing content R&D and production.”

“In the past year, we have done a lot of software and product development work.” He pointed out that a series of blockchain related technologies, including hardware design, are under continuous research. In addition, he also revealed some of his new features, such as game currency. He said: “Now it is DAPP, and more play methods are needed to let users get benefits.”

Xiaomi E-commerce Department

It is reported that according to the official official account of Xiaomi, Zhang Yifeng, the head of Xiaomi E-commerce Department, said that a research institute is planned to be established in the next two months to explore how blockchain technology can help enterprises solve their pain points and reduce costs. The research institute currently under construction will include “digital currency”, “game currency”, “Metaverse” and “social platform”. At the same time, he also stated that in the future, he will try to use new technological means such as blockchain to transform the offline real economy. We believe that the future business model is based on the way users create value