Xiaomi's Wholly-Owned Subsidiary Expands into Medical Services: A Move Toward Healthcare?

On December 25, 2019, VCBeat learned that Beijing Shile Technology Co., Ltd., a wholly-owned subsidiary of Xiaomi, had changed its business scope the previous day. According to Qichacha, in addition to its original operations, Shile Technology has added “medical internal medicine services” to its business scope. Established in June 2019, Shile Technology is legally represented by Lin Bin, who is also a co-founder of Xiaomi. Xiaomi Communications Technology Co., Ltd. holds 100% of the company’s shares.

Image from Qichacha

Does the change in the business scope of Xiaomi’s wholly-owned subsidiary signal that Xiaomi will cross over into the healthcare sector and launch medical services? We promptly contacted relevant representatives at Xiaomi Technology, but they declined to be interviewed. However, insiders revealed that Shile Technology was established as an entity to provide supporting facilities for Xiaomi’s internal operations, offering employees ancillary lifestyle services such as gyms, leisure areas, and cafeterias. The newly added medical services are most likely intended to provide complementary healthcare services for Xiaomi’s internal employees.

Back in June of this year, when Shile Technology was established, its core business activities—“food sales and catering services”—led to widespread speculation that Xiaomi might be venturing into the food and catering sectors. Xu Jieyun, General Manager of Xiaomi Group’s Public Relations Department, later clarified via Weibo: “This is not a full-fledged food company; it merely includes such activities within its business scope.” Shile Technology’s operations subsequently evolved into what is now known as the Xiaomi Canteen. In light of this, the inclusion of “internal medicine medical services” in Shile Technology’s current business scope is more likely intended to support ancillary facilities within the industrial park.

It is understood that Xiaomi’s current healthcare business is primarily focused on the “Internet + Healthcare” sector. VCBeat has also provided follow-up coverage in recent years; for details, please click here.Xiaomi, valued at nearly $10 billion, has invested in 23 companies to lay out its “Internet + Healthcare” strategy. Is Xiaomi Medical about to emerge?