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Xiaomi Group, through its investment arm Hanxing Venture Capital Co., Ltd., has emerged as a new stakeholder in Shenzhen Tiangong Precision Machinery Technology Co., Ltd., augmenting the latter's registered capital to approximately RMB 14.91 million. Established in 2023, Tiangong Precision specializes in the sale of mechanical equipment and associated products, progressively forging a diversified equity structure. This strategic alliance aims to harness Xiaomi's expertise in smart manufacturing and supply chain management to bolster Tiangong Precision's technical prowess and market presence. It further aims to propel Tiangong Precision's advancement in the realm of smart manufacturing, thereby contributing to the advancement of China's manufacturing industry towards higher quality standards.
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