Fengmi Technology, or Formovie.cn, an independently operating company invested by Xiaomi, recently received a strategic investment of 200 million yuan from Liangjiang Fund, Pengfeng Yihao and the private investor Lai Yongsai.
Fengmi Technology was founded in 2016 by Appotronics Corporation and Xiaomi Technology, focusing on ALPD laser display technology. Its business scope covers the R&D, manufacturing, sales and operation of large-screen laser TV sets, smart micro-projectors, new smart commercial displays, and audio-visual entertainment products.
The first product launched by Fengmi Technology, the 150-inch Mijia Laser Projection TV, has raised 20.547946 million yuan on Xiaomi’s crowdfunding platform within 24 hours, breaking several records of crowdfunding on Xiaomi’s platform.
What’s more, the WEMAX ONE Laser Projection TV, a new product launched in the domestic market of China by Fengmi Technology, adopts the latest 3.0 laser light source technology from Appotronics’s ALPD and the TI DLP digital light processing technology, which gives the TV several times higher contrast ratio than the traditional ones, and displays more details of the images.