Xiaomi Founder Lei Jun Steps Down From Roles at Three Affiliated Firms
Xiaomi founder Lei Jun has recently withdrawn from three affiliated companies, including Xiaomi Software Technology Co., Ltd., Xiaomi Pictures Co., Ltd. and Beijing Tianmi Technology Co., Ltd. He previously served as the chairman of the former two firms and the director of the last one.
Xiaomi Software Technology Co., Ltd. was established in December 2011 with registered capital of $3 million, and its business scope includes research and development of computer software and information technology, technical consultation, technical services, among other areas.
Xiaomi Pictures Co., Ltd. was established in June 2016 with registered capital of 50 million yuan ($7,375,610), and its business scope includes radio and television program production, film distribution, brokerage, and film and television planning.
Finally, Beijing Tianmi Technology Co., Ltd. was established in July 2015 with registered capital of 2.45 million yuan. Its business scope includes computer software, hardware and network technology development, commissioned processing of laptop merchandise accessories, computer system integration, and others.
Lei Jun has now withdrawn from several Xiaomi-affiliated companies, including as the chairman of Xiaomi Electronic Software, the chairman of Sichuan Yinmi Technology, executive director of Xiaomi Mutual Entertainment, director of Xiaomi Youpin Company, and more.
In response to speculation caused by Lei Jun’s withdrawal, Wang Hua, the general manager of Xiaomi public relations, responded on Weibo in December last year that this behavior was normal. He said that Lei Jun’s energy is mainly focused on automaking-related affairs, and executives can already share some work and responsibilities. On January 3, Wang Hua denied a report about Xiaomi Auto encountering a hurdle.
According to information obtained by LatePost, Xiaomi‘s first EV model is a medium-sized fastback sedan. It will be available in two versions, with corresponding price ranges of 260,000-300,000 yuan and over 350,000 yuan. Xiaomi has not yet given official notice on this matter.
SEE ALSO: Xiaomi Developing Two Car Models Simultaneously
Since the end of 2022, the organizational structure and personnel management of Xiaomi have been in turmoil. Earlier, it was reported that layoffs reached about 15%, which was denied by the company. Wang Xiang, the president and a partner of Xiaomi, retired, and William Lu took over as the new group president.