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Xiaomi CEO, the founder and CEO of Xiaomi, has decided to leave his role as a director of many of the company's subsidiaries and even some of the companies backed by the Chinese tech giant.

Lei Jun




According to Chinese trade news platform Tianyancha, industrial and commercial registration data for Chengdu Beida Asset Management Co., Ltd. includes two updates: the company's legal representative has been changed from Hong Feng to Lin Shiwei, Xiaomi CEO (Managing Director) has been removed from the main staff positions in the company.

Chengdu Beida Asset Management was established in August 2017 and is active in project investment, corporate governance consulting and financial business process outsourcing. According to shareholder information on the search platform, the company's 100% is owned by Tianxing Digital Technology Co, Ltd, which operates the Xiaomi-owned mobile payment platform. The platform product, based on NFC technology, is capable of linking mobile phones with bus cards and bank accounts to facilitate the implementation of mobile payment services.

It is worth noting that previously Xiaomi CEO has retired from his positions as Chairman of Xiaomi Credit Management Co., Ltd. and Director of Shanghai Xiaomi Financial Information Service Co., Ltd. He also resigned as Managing Director of A Chongqing Xiaomi Commercial Factoring Co., Ltd. in July this year.

To date Xiaomi CEO Managing Director and CEO of Xiaomi, which also focuses on smartphones, smart TVs and other smart home products and ecosystems. Xiaomi CEO will continue to be in charge of the Xiaomi Automotive division, which aims to First electric car to be launched in 2024.

Her responsibilities include setting strategy, shaping the company culture and developing key products, as well as overseeing senior management. Despite having left a number of companies supported by the company, he continues to oversee a number of other subsidiaries, merged subsidiaries and other Xiaomi Director of the organisations supported by.

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