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Lei Jun quit a number of Xiaomi-affiliated companies, or will focus on car building

Recently, Lei Jun has successively withdrawn from the positions of legal representative, executive director or chairman of a number of Xiaomi affiliated companies, including Guangdong Xiaomi Technology Co., Ltd., Guangzhou Xiaomi Communication Technology Co., Ltd., Guangzhou Xiaomi Information Service Co., Ltd., and Zhuhai Xiaomi Communication Technology Co., Ltd. Shareholder information shows that Guangzhou Xiaomi Information Service Co., Ltd. is wholly owned by Beijing Xiaomi Mobile Software Co., Ltd., and the other three companies are wholly owned by Xiaomi Communication Technology Co., Ltd.

In this regard, Xiaomi responded that it is a normal change. However, insiders revealed that the baton is taken over by Xiaomi's core executives. This move may be seen as a signal for Lei Jun to focus on car building.

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