Xiaomi Co-Founder & Vice-Chairman Lin Bin with $6.7 Billion Fortune Sold $22.9 Million of Xiaomi Shares in June 2024, Had Made Commitment in 2020 Not to Sell Xiaomi Shares for 5 Years, Clarified $22.9 Million Xiaomi Shares Sold are Holdings from Foundation Setup in 2019 for Charitable & Educational Research Donations, Announced Donation of $13.8 Million to Sun Yat-Sen University in 2024 April
27th June 2024 | Hong Kong
Xiaomi co-founder & Vice-Chairman Lin Bin ($6.7 billion fortune) had sold $22.9 million of Xiaomi shares in June 2024, having made a commitment in 2020 not to sell Xiaomi shares for 5 years. Lin Bin clarified $22.9 million of Xiaomi shares sold are holdings from foundation setup in 2019 for charitable & educational research donations. In 2024 April, Sun Yat-Sen University announced donation of $13.8 million from Lin Bin to Sun Yat-Sen University. Xiaomi was founded in 2010, and has a current market value of $52 billion (27/6/24). Lin Bin, Xiaomi Co-Founder & Vice Chairman – Lin Bin, aged 56, received a bachelor’s degree in Science in Radio Electronics from Sun Yat-sen University in July 1990, and an MSc degree from Drexel University in June 1992. He is an Executive Director, a Co-Founder and Vice Chairman of the Board. He is also a member of the Nomination Committee. He currently holds directorships in various subsidiaries of the Group. Lin Bin co-founded the Group with Lei Jun in 2010. He served as President of the Group until 2019 before he took the role of Vice Chairman of the Group. During the early phase of the Group’s development, Lin Bin was responsible for daily operations of the Group, including talent acquisition, human resources, administration, legal matters and finance. Meanwhile, he was also in charge of the strategic cooperation with key suppliers, and market development in countries such as India and Indonesia. As the Group grew, Lin Bin also oversaw the Group’s domestic sales and marketing, after-sales services, and smartphone business. Before joining the Group, Lin Bin served as Engineering Director at Google between 2006 and 2010. Before that, he worked at Microsoft Corporation from 1995 to 2006 and took on various roles such as Software Design Engineer (SDE), SDE Lead, SDE Manager, and Engineering Director. Prior to that, Lin Bin worked as a network engineer at ADP Inc. starting in May 1993.
” Xiaomi Co-Founder & Vice-Chairman Lin Bin with $6.7 Billion Fortune Sold $22.9 Million of Xiaomi Shares in June 2024, Had Made Commitment in 2020 Not to Sell Xiaomi Shares for 5 Years, Clarified $22.9 Million Xiaomi Shares Sold are Holdings from Foundation Setup in 2019 for Charitable & Educational Research Donations, Announced Donation of $13.8 Million to Sun Yat-Sen University in 2024 April “
Lin Bin, Xiaomi Co-Founder & Vice Chairman – Lin Bin, aged 56, received a bachelor’s degree in Science in Radio Electronics from Sun Yat-sen University in July 1990, and an MSc degree from Drexel University in June 1992. He is an Executive Director, a Co-Founder and Vice Chairman of the Board. He is also a member of the Nomination Committee. He currently holds directorships in various subsidiaries of the Group. Lin Bin co-founded the Group with Lei Jun in 2010. He served as President of the Group until 2019 before he took the role of Vice Chairman of the Group. During the early phase of the Group’s development, Lin Bin was responsible for daily operations of the Group, including talent acquisition, human resources, administration, legal matters and finance. Meanwhile, he was also in charge of the strategic cooperation with key suppliers, and market development in countries such as India and Indonesia. As the Group grew, Lin Bin also oversaw the Group’s domestic sales and marketing, after-sales services, and smartphone business. Before joining the Group, Lin Bin served as Engineering Director at Google between 2006 and 2010. Before that, he worked at Microsoft Corporation from 1995 to 2006 and took on various roles such as Software Design Engineer (SDE), SDE Lead, SDE Manager, and Engineering Director. Prior to that, Lin Bin worked as a network engineer at ADP Inc. starting in May 1993.
Xiaomi – Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core. With an equal emphasis on innovation and quality, Xiaomi continuously pursues high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology. As of 2023, Xiaomi ranked among the top 3 in the global smartphone market, in terms of smartphone shipments, according to Canalys. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, with 739.7 million smart devices connected to its platform, excluding smartphones, tablets and laptops, as of December 31, 2023. Xiaomi products are present in more than 100 countries and regions around the world. In August 2023, the company listed as Fortune Global 500 for the 5th consecutive year. Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index.
Xiaomi Co-Founder & Vice-Chairman Lin Bin with $6.7 Billion Fortune Sold $22.9 Million of Xiaomi Shares in June 2024, Had Made Commitment in 2020 Not to Sell Xiaomi Shares for 5 Years, Clarified $22.9 Million Xiaomi Shares Sold are Holdings from Foundation Setup in 2019 for Charitable & Educational Research Donations, Announced Donation of $13.8 Million to Sun Yat-Sen University in 2024 April
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