The company said it will give preference to distributing the content and will work with the government, media, and cultural institutions to create such content.
The company poured another 1 billion yuan into it earlier this year, bringing its total investment to 2.85 billion yuan.
The company reported revenue of 17.6 billion yuan (.6 billion) in the first half of 2018, an increase of 54 percent year-on-year. Its net profit was between 320 and 350 million yuan in the first six months, a tenfold rise compared with the same period last year, according to the company's half-year financial report.
The company-which oversees a range of businesses in China, from streaming video to smartphones to electric cars-missed its projections for 2016 sales in the US by a wide margin and is planning to cut more than a third of its US workforce, a person familiar with the matter said.
The company posted 67.5 percent growth in revenue to 114.6 billion yuan ( billion) last year. Despite notching up a profit of 491.6 million yuan in 2016, Xiaomi made a net loss of 43.9 billion yuan in 2017.
The company hit a new record last year, with total global sales jumping 51 percent year-on-year to 5,750 cars. China - Lamborghini's fifth largest market - saw an increase of 29 percent to 342 units in 2018.
常州牙齿门牙缺了一小块
The company is also empowering merchants to personalize their virtual storefronts for individual visitors, offering real-time, tailored product recommendations banking on algorithms that analyze a person's interests, location and purchasing power.
The company's second quarter sales were .33 billion, outstripping market estimates.
The company operates an organic waste treatment center in Pudong New Area that turns kitchen waste into electricity. Its current capacity is 300 tons of kitchen waste per day, and the plant expansion will allow it to process another 700 tons.
The company, which is based in Huizhou, Guangdong province, said it would increase investment in its research and development center in Hong Kong, make use of local skills and platforms, and recruit foreign employees to enhance its R&D capacity.