Xiaomi Clarifies Changxin IPO Gains as Corporate Investment, Not Personal Wealth

Xiaomi addresses viral claims of Lei Jun’s 700M yuan profit from Changxin IPO, stating gains belong to corporate entity, not individual.

Woofun AI reports that Xiaomi Group clarified recent speculation regarding Lei Jun’s personal profits from Changxin Technology’s IPO. A Xiaomi executive stated that the investment was made by Wuhan 1810 Enterprise Management Co., Ltd., a wholly-owned subsidiary, and emphasized that corporate assets cannot be conflated with personal wealth. The subsidiary secured 18,244,800 shares at 8.66 yuan each, resulting in a first-day floating profit of approximately 736 million yuan.