Diversity?

Diversity?
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Xiaomi (1810.HK) is a diverse company, although best known for its line of smartphones which they becan marketing in 2011.  Since then the company has expanded rapidly through very aggressive marketing and has become the 3rd largest smartphone vendor globally, but Xiaomi has also entered a number of other markets including TV sets and a number of other consumer electronics items, but last year the company decided that it was also to enter the electric vehicle market by investing $10b US over a ten year period, so it is no surprise that the company has been using its Hubei Changjiang Industrial Investment Fund to invest in a slew of companies in both the automotive space directly and the semiconductor space as a source of silicon products needed for both the automotive side and the CE side of the company. 
Last year the fund, which is also funded by the Wuhan government, made investments in 42 companies, far above the few investments the fund made since its establishment in 2017, with two in 2017, two in 2018, five in 2019 and 41 in 2020. Among the investments are 24 semiconductor companies, 11 new energy vehicle companies, and a number of photovoltaic and AI companies, with only 3 investments in companies related to the smartphone business.  So far this year the fund has already made 3 new investments in Si Tan Technology (pvt), Foote Technology (pvt) and Chengxin Semiconductor (pvt).
Below is the list of companies the fund invested in last year.  We apologize for the few that did not translate or were translated incorrectly but you get the idea; Xiaomi is making investments in its future.