Traditional Culture Encyclopedia - Hotel franchise - Why did Xiaomi's headquarters move from Beijing to Wuhan?

Why did Xiaomi's headquarters move from Beijing to Wuhan?

The reason is to cope with the high housing prices in Beijing and the living costs of employees.

The main reason why Xiaomi Company moved from Beijing to Wuhan was the high housing prices and living costs in Beijing, which increased the pressure on employees' lives. As a second-tier city in China, Wuhan has a relatively low cost of living and can provide employees with a better quality of life. Xiaomi's headquarters in Wuhan can also enjoy various preferential policies provided by the local government, such as talent apartments.

As an important science and education city in China, Wuhan has many universities and scientific research institutions, which provides abundant human resources for Xiaomi's R&D work. Wuhan is located in the middle of China, with convenient transportation and vast market hinterland, which is also of great help to Xiaomi's market expansion and business development.