Li Jun, the founder and CEO of Xiaomi Technology, has resigned as chairman of a subsidiary company, according to Chinese forums that monitor such changes.
It comes from Xiaomi electronics software company Airstar Digital Technology, an affiliate company that handles consumer finance operations such as digital payments and wallets.
It is the second major move for the executive in the last six months. It was launched in April from Xiaomi Youpin – an e-commerce platform for lifestyle products.
Lin Bin, who was a director of one entity, will step down but both will retain their stake in the company. Xiaomi’s PR department explained that this is normal business for Xiaomi’s subsidiaries and is done to streamline their internal management and processes.
The Xiaomi CEO is said to be shifting his interests from mobile technology to electric vehicles. A week ago, Jun himself announced the grand plans of Xiaomi road cars. Now more than 1,000 people are working in the R&D department and it is expected that the first Xiaomi EV will arrive in two years.
Source (in Chinese) | through