Smartphone giant Xiaomi unveils AI model, joining fierce competition in China
Xiaomi says its open-source MiMo reasoning model, trained completely in-house, rivals the performance of OpenAI’s o1-mini and Alibaba’s QwQ-32B

MiMo is Xiaomi’s first large language model (LLM), and the company said it was developed using reinforcement learning by its specialised AI task force, known as Core.
Xiaomi’s stock price in Hong Kong rose 5.3 per cent on Friday to HK$49.95, while shares of Kingsoft Cloud Holdings – in which Xiaomi holds a 10 per cent stake and Xiaomi CEO Lei Jun holds 11 per cent – jumped 14.2 per cent to HK$7.4.
The launch of the model aligns with earlier reports that Xiaomi had been building up its computing resources. According to a report by local media outlet Jiemian in December, Xiaomi bought about 10,000 graphics processing units to train its models.