Known especially for its price / performance phones in the smartphone world, Chinese technology giant Xiaomi has a very wide product range and continues to develop and renew the products it has added to its body.The company, which attaches great importance to R&D studies, seems to be getting the reward of this path it follows.According to the blog post published by Xiaomi, the company was among the 50 most innovative companies of 2020 in the report organized by Boston Consulting Group.This is not a first for Xiaomi, which has managed to be included in the Most Innovative Companies list by Boston Consulting Group.The Chinese technology giant had previously managed to enter the list of the most innovative companies in 2014 and 2016.Shou Zi Chew, President of Xiaomi International, said: “This result coincides with our mission to bring a better life to everyone in the world with innovative technologies.This is familiar to Mi fans and users in more than 90 markets where we have a presence around the world."At this company, we embrace bold innovations to push the boundaries of what technology can offer."According to the blog post, the company is investing $7 billion over the next five years to be in a winning position in areas such as 5G, artificial intelligence and IoT.As we said above, Xiaomi's investments in this field increased by 29.7% compared to the previous year and reached 1.1 billion dollars in 2019.RELATED NEWS Xiaomi's 360 Degree Rotating Camera Phone Patent RevealedAs of March 31, 2020, the company has nearly 9,000 (8,984) R&D employees in various departments, and R&D employees make up 48.6% of the company's full-time employees.The company plans to increase its R&D investments to $1.4 billion in 2020.