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Wireless

Xiaomi replaces head of China after dissapointing results

Tuesday 3 December 2019 | 10:00 CET | News
Xiaomi has announced a number of executive shuffles, notably the replacement of co-founder and chairman Lei Jun as the company's president for the China region by Lu Weibing. Lei will remain as the company's chairman and CEO. China's Time Weekly said the chairman was stepping down from his China role on the back of a decline in the company's smartphone market share since he took up the position in May, TechNode reported. For the third quarter, the company noted a slowdown in revenue growth, with smartphone revenues down almost 8 percent.

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Categories: Mobile & Wireless
Companies: Xiaomi
Countries: China / World
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