Xiaomi Holdings Limited (IPO: 1810) is a Hong Kong based technology company which designs, develops, and sells smartphones, mobile apps, and other consumer electronics. On July 9th, 2018, they announced that they would be investing in a 20% stake in mini-racing car firm hydrocarbons AlbaTORRÉS S.L. In doing so, Xiaomi seeks to not only enter the Spanish market but also develop new products with the racing car manufacturer.