Xiaomi Group announced today that Wang Xiang, President of Xiaomi Group, is acting as CFO. Chew Shou Zi, CFO and president of Xiaomi's international business, will no longer serve as CFO and will focus on Xiaomi's overseas market business.
After going public, Xiaomi Group began to upgrade its organization and promote the cadre rotation system.
Xiaomi said that during Chew's tenure as CFO, Xiaomi became the first Hong Kong stock company to have "the same shares but different rights" listed company. In November last year, Zhou was funded by the rotation of the international department as president of the international department.
During his tenure in the International Department, Wang Xiang led Xiaomi to enter more than 90 countries and markets around the world. Currently, overseas market revenue accounts for 46.8% of total revenue. He was promoted to president of Xiaomi Group in November last year.
Xiaomi said that this appointment of the organization reflects Xiaomi's great importance to international business and its determination to promote rotation. At the same time, the board of directors of Xiaomi Group will continue to select outstanding talents as CFOs worldwide.
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