Xiaomi founder Lei Jun steps down as chairman of Xiaomi Electronics

Rumors have surfaced online that Xiaomi founder Lei Jun is leaving the company.

This is true?

General manager of public relations of Xiaomi clarified that Lei Jun did indeed step down from the leadership position, but only the electronics division - Xiaomi Electronics. This means that the CEO will no longer deal with smartphones and other gadgets.

However, Lei Jun did not completely leave the Xiaomi Group - now he has focused his attention on the brand's plans for the production of cars.

As the founder himself explained, Xiaomi Group has a large number of subsidiaries, and personnel changes often occur in them. Therefore, his departure from the post of chairman of the board of Xiaomi Electronics should not be taken as something more radical. Although this division is a significant part of the brand, the group as a whole is much more than just its consumer electronics.

A source: Gizmochina