Xiaomi Jingxi Technology Co., Ltd. has secured an industrial plot in Yizhuang New City, Beijing, for approximately RMB 635 million. The land, situated in Block 0110, YZ00-0606, spans an area of 485,100 square meters and comes with a 50-year lease. The land is provided in a ready-to-use state, complete with "six connections and one leveling." Xiaomi Jingxi Technology Co., Ltd. is a wholly-owned subsidiary of Xiaomi Smart Technology Co., Ltd.