Recently, Xiaomi Technology Co., Ltd. (referred to as Xiaomi Technology) underwent a change in its business structure, with two co-founders officially stepping down from the shareholder ranks. Lei Jun’s shareholding increased to 97.48% and the company’s registered capital decreased to 14.8 billion yuan.
According to Tianyancha data, on April 3rd, there was a change in Xiaomi Technology’s shareholders. Co-founders Lin Bin and Hong Feng officially stepped down, leading to a decrease in registered capital from 18.5 billion to 14.8 billion. After the change, the shareholders of Xiaomi Technology now only include Lei Jun and co-founder Liu De, with Lei Jun holding 97.48% of the shares and Liu De holding 2.52%. Lei Jun continues to be the legal representative of the company.
Xiaomi stated that this adjustment was made to enhance administrative efficiency and simplify the ownership structure, constituting a normal optimization of corporate governance.
Based on online information, in November 2019, Lin Bin retired and became only a senior advisor. In 2022, Hong Feng resigned from Xiaomi’s financial business. As of now, out of the eight co-founders of Xiaomi, only Lei Jun and Liu De remain.
Xiaomi Technology was established in April 2010 with Lei Jun as the legal representative and eight co-founders including Chairman and CEO Lei Jun, President Lin Bin, Vice President Lin Wanqiang, Zhou Guangping, Huang Jiangji, Liu De, Hong Feng, and Wang Chuan. On July 9, 2018, Xiaomi Group was listed on the main board of the Hong Kong Stock Exchange.
Under the current ownership structure, Xiaomi Technology is a subsidiary entity controlled by Xiaomi Group (01810.HK) through a VIE structure.