According to Tianyancha App, Xiaomi Innovation (Wuhan) Co., Ltd. has actually altered its legal agent from Lei Jun to Zeng Xuezhong on Monday. At the exact same time, Lei Jun withdrew from the position of executive director and basic supervisor.
Xiaomi Innovation (Wuhan) Co., Ltd., which is 100%managed by Xiaomi Group, was developed in September 2017 with an authorized capital of RMB 210 million ($33 million). Its company scope consists of information processing and storage services, realty advancement and management, to name a few services.
On July 29, 2020, Xiaomi revealed Zeng Xuezhong as Vice President of Xiaomi and President of the Mobile Phone Department of Xiaomi. He was accountable for the R&D and production of mobile phone items and reported straight to Lei Jun, Chairman and CEO of Xiaomi Group. Xiaomi stated that Zeng Xuezhong will continue to work as the Chairman of Hatchip, a tactical partner of Xiaomi.
When It Comes To Lei Jun himself, he is still the Chairman and CEO of Xiaomi Group, and likewise the Chairman of Jinshan, YY and Cheetah Mobile. Because the statement of the business’s entryway into the vehicle market this year, Lei Jun has actually withdrawn from numerous Xiaomi-affiliated business, consisting of Chengdu Beida Possession Management Co., Ltd., Xiaomi Credit Management Co., Ltd. and Shanghai Xiaomi Financial Details Service Co., Ltd.