Lei Jun, the co-founder and CEO of Xiaomi Technology has left the position of president in a subsidiary company, according to the Chinese platforms that track these changes.
He will resign from Xiaomi Electronic Software Company, a division within Airstar Digital Technology, an affiliate company that deals with consumer finance transactions such as digital payments and wallets.
This is the second major move for the executive in the past six months. He resigned in April from Xiaomi Youpin, the e-commerce platform for lifestyle products.
Lin Bin, who was a director of the same entity, will also step down, but both will keep their stakes in the company. Xiaomi’s PR department has stated that this is normal business for Xiaomi branches and is done to simplify their internal management and process.
Xiaomi’s CEO is reportedly shifting his interest from mobile technology to electric vehicles. A week ago Jun himself declared Xiaomi’s ambitious plans for road cars. There are now over 1,000 people working in the R&D department and expectations are the first Xiaomi EV to arrive in two years.
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