For Xiaomi, the company's executives changed a lot yesterday. Li Wanqiang, one of the founders, confirmed to leave the company, while Lin bin, Wang Xiang and He Yong were promoted; Zhou Ziyi and Lu Weibing went to work in important business lines respectively.
Lei Jun also explained the reasons behind the appointment of executives in an internal letter. He said that next year will be the charge year of Xiaomi's 5G business, and will also be a key year for Xiaomi to promote mobile phone AIoT. Xiaomi needs stronger group management support and the continuous organizational innovation vitality brought about by the cadre rotation mechanism.
For Li Wanqiang's departure, Lei Jun expressed his gratitude to Ali for his long-term efforts and great contributions since he started his business. Li led many businesses such as MIUI, xiaomi.com (Xiaomi sales and service system), Xiaomi brand market system, etc. to continue to open up wasteland, and made indelible contributions in many fields such as business model verification and implementation, corporate culture and brand building.
According to Xiaomi's financial report for the third quarter, the company's total revenue for the quarter was 53.7 billion yuan, a record high. The adjusted net profit is 3.5 billion yuan, exceeding the market expectation. Xiaomi's smartphone ranks the top four in the world. Its international business performance is excellent. India's market continues to take the lead. The shipment volume of Western European market has increased by 90.9% year on year, and the international business revenue has accounted for 48.7% of the group's revenue. IOT platform scale continues to lead.