Lei Jun steps down as a chairman from another Xiaomi subsidiary

Lei Jun, the co-founder and CEO of Xiaomi Technology has vacated a chairman position in a subsidiary company, according to Chinese platforms that keep track of such changes. He will step down from Xiaomi Electronic Software Company, a division within Airstar Digital Technology, which is an affiliated company that takes care of the consumer finance operations like digital payments and wallets. This is the second major move for the executive in the past six months. He stepped down in April from Xiaomi Youpin - the e-commerce platform for lifestyle products. Lin Bin, who was a...

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