Chang cheng's departure from Xiaomi has triggered more than 5 million compensation under non-compete agreements

Zhongxin Finance, January 29 (Reporter Wu Tao) "Thank you for my rice, two years to personally experience the power of the millet model, but also met a group of young friends who like products and love products." Sincerely wish me a boundless rice, the sea of stars. ”

On the 29th, a Microblog by Xiaomi Vice President Chang Cheng announced the end of his career in Xiaomi.

The reporter learned from Xiaomi Group that Changcheng left for personal reasons. The successors of the corresponding work of The general course are replaced by internal personnel and are not introduced from the outside.

Screenshot of Weibo.

It is understood that xiaomi recently announced the entrepreneur plan internally, adding 18 core cadres to be selected, the total number of more than 80, the future entrepreneur plan will emerge among the senior executives of the future group.

Chang Cheng joined Xiaomi in January 2020 and previously served as vice president of Lenovo Group and head of mobile phone business. After coming to Xiaomi, he served as vice president of Xiaomi.

After Changcheng joined Xiaomi from Lenovo, the topic continued. First of all, the dispute over the non-compete agreement was triggered, and in June 2020, Lenovo took the lead in "challenging" Changcheng and initiated arbitration on Changcheng's breach of its non-compete obligations. Subsequently, Changcheng denied that the signature on the agreement was signed by himself.

In September 2020, Zhongxin Financial Reporter learned from Lenovo Group that Lenovo requested the arbitral tribunal to return the amount of equity incentives, pay liquidated damages for breach of non-compete obligations, and continue to perform non-compete obligations.

On September 17, Lenovo Group confirmed that the Lenovo Restrictive Agreement signed by Changcheng on July 24, 2017 was signed by itself, as confirmed by the appraisal body appointed by the arbitral tribunal.

Lenovo said that since the date of signing the restrictive agreement in 2017, in the 24 months before Changcheng's departure, Lenovo has paid a total of more than 5 million yuan of equity consideration for the non-compete restriction to Changcheng. After Chang Cheng left his job, Lenovo also paid him non-compete economic compensation.

But in the follow-up, Changcheng is still stable in Xiaomi. It is reported that this is because Lenovo has paid more than 5 million yuan. But neither Lenovo nor Xiaomi responded to this.

In April 2020, Changcheng also rolled over because of the Xiaomi 10 Youth Edition marketing, "I saw that your crotch cracked" and "opposite the girls' dormitory" and other bad taste marketing caused netizens to resent, and finally Changcheng and Xiaomi both apologized.

The next stop of Changcheng is still unknown, but netizens have already suggested: be sure to deal with the non-compete agreement! (End)