On September 15, Lei Jun, the Chairman of Xiaomi Group, made an announcement on Weibo. He revealed that the Xiaomi Series 17 would undergo a cross-generational leap in terms of product capabilities, putting it on a fully comparable footing with the iPhone and poised to face the competition head-on. Prior to this, Lu Weibing, a Partner and the President of Xiaomi Group, had mentioned that Xiaomi's investment in research and development over the past five years had surpassed 100 billion RMB, with plans to further increase it to 200 billion RMB in the next five years. The Xiaomi Series 17 is set to display a range of its most recent technological breakthroughs.