News from Sina Technology News on the evening of February 22,Cloud riceTech rose 20.84% before the market to $19.19.

According to information, home appliances becameCloud riceAfter the important direction of technology IoT business expansion, Yunmi TechnologyXiaomiThe company involved the largest number of household appliances in the ecological chain.

In the 2020 Q3 earnings report released recently by Yunmi, the data showed that the company achieved total revenue of 4 billion yuan in the first three quarters, an increase of nearly 40% over the same period in 2019. Meanwhile, management said during a conference call in the third quarter that the company will continue to implement the product optimization strategy and expects gross margin to reach around 20% in 2021.