With the approval of the People's Bank of China, Xiaomi Technology Co., Ltd. was formally introduced as a strategic partner and major investor on October 20 16, and the payment business was strategically laid out around Xiaomi's Internet usage scenarios, and various terminal payment forms such as Internet POS and mobile phone were innovatively developed to form gateway payment, fast payment and collection payment POS, which continuously provided convenient and safe payment experience for Xiaomi users and continuously promoted the improvement and development of Xiaomi's Internet ecology.