June 25, 2022

Your browser doesn’t toughen HTML5 audio

Yitong Generation introduced on Tuesday that it has employed Solar Peng as its common supervisor. Solar Peng graduated from the College of Laptop Science and Generation of College of Science and Generation of China, labored at Microsoft Asian Academy of Engineering, and used to be a member of Xiaomi‘s start-up workforce.

Solar Peng used to be one of the crucial founding leaders of MIUI and one among its first 3 engineers. Within the early days of MIUI, he held a number of positions and put in combination many new groups throughout the corporate. Solar helped construct MIUI, the third-party smartphone working device that used to be in particular advanced, optimized, custom designed via Xiaomi in line with the Android device. It additionally served as Xiaomi‘s first product. For the reason that alpha model used to be launched in August 2010, it has had greater than 500 million home and international customers and helps 80 languages in 221 international locations and areas all over the world.

Solar Peng used to be additionally one of the crucial founding leaders of Xiaomi Ecological Chain. In 2014, he transferred from MIUI to Xiaomi Ecological Chain because the director of product making plans. On the finish of 2017, Solar Peng served as a member of the IoT Technical Committee, after which transferred to the Strategic Funding Division. Through 2021, Xiaomi had invested in additional than 300 IoT enterprises, created many unicorn enterprises together with Zepp Well being.

See also  Automaker Hanma Generation to Forestall Manufacturing of Gas Cars

In February 2022, Solar Peng formally joined Yitong Generation. He has a senior skilled background and intensive control enjoy in working techniques, IoT and different fields. As common supervisor, he can lead the corporate to succeed in new industry breakthroughs and enlargement alternatives.

Yitong Generation used to be established in 2004. Since its inception, the corporate has invested tens of hundreds of thousands of yuan, and has successively signed strategic generation agreements with INFINEON (one of the crucial 3 main semiconductor firms on the planet), MediaTek (a well-known chip corporate), and VIA Applied sciences (a 3G answer supplier), to enhance its product analysis and building features.

Up to now, in February 2021, Anhui Shunyuan Xinke Control Consulting Partnership (Restricted Partnership), a subsidiary of Zepp Well being, finished the purchase of 29.99% minority fairness of Yitong Generation for approximately 960 million yuan ($152.19 million) and changed into the controlling shareholder. Due to this fact, Yitong Generation arrange a wholly-owned subsidiary Hefei Whale Microelectronics and greater its registered capital to 50 million yuan ($7.9 million).

SEE ALSO: Zepp Well being Releases Amazfit GTR 3 and GTS 3 Sequence Good Watches

Yitong Generation will reveal its 2021 annual document on March 14. The prior to now launched efficiency forecast displays that the web benefit as a consequence of homeowners of the indexed corporate is between 27 million yuan ($4.3 million) and 29.5 million yuan ($4.7 million), with an building up of 192.5%-219.5% when compared with the similar duration of closing yr.