Lei Jun resigns from Chairman position at YY Inc to focus on Xiaomi

While many people know Lei Jun for being one of the founders of the massive Chinese giant Xiaomi, he’s also the chairman of YY Inc., a NASDAQ listed company that focuses on social online entertainment, similar to Twitch or YouTube. Or at least he used to be.

Earlier today, it was announced that Lei Jun would be resigning from his post as chairman of YY Inc. In his stead, YY Inc’s chief executive Li Xueling will take up the mantle, while executive Chen Zhou will take over as CEO.


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Lei Jun’s move may be driven by his desire to focus on running Xiaomi, the troubled smartphone company that has seen sales deteriorate, state Chinese media reports. Despite this, Lei Jun will continue to be an investor and advisor to YY Inc.

Alongside that, Lei Jun has also entrusted the voting rights of his YY shares to the aforementioned chief executive, allowing Li Xueling to start coming up with strategies to improve the live streaming platform.

What do you make of this news? Will Lei Jun’s focus on Xiaomi help the company rise back to its former glory, or is it all too late? Tell us down in the comments.

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  1. Rob
    August 19, 2016

    I don’t think it will make a difference, I’m sure Xiaomi have a big enough team to cope and he was still overseeing everything anyway so nothing will really change.

    • bro-reac
      August 20, 2016

      So much can change. Look at Steve Jobs’ story with the fruity company. If he is even a fraction like Jobs then he will bring it back up there. No one knew Huawei a few years ago but with strategic planning they are now a brand that will fracture Samsung.
      This is what Xiaomi needs now not a ton of product lines.

    • Hakim Farouk
      August 20, 2016

      Yeah and Hugo Barra is a Xiaomi full timer. So, It’s already in good hands.

  2. MaxPower
    August 19, 2016

    The “beloved chairman” finally will have more time to focus on commenting on GizChina. It’s all about priorities.

    • pizzaboy
      August 20, 2016

      I’M pretty sure he’s fake

      • MaxPower
        August 20, 2016

        We all know he’s a psycho with identity issues, I was just being sarcastic.

        He really thinks that Lei Jun might have the time (and willing) to comment here anytime there’s any article about Xiaomi.

        • Nam Dang
          August 20, 2016

          Lol he’s a simple troll and you get fooled by some psycho theories

          • MaxPower
            August 20, 2016

            I get fooled? Lol , right.

  3. Bailey
    August 21, 2016

    Sometimes I wonder is gizchina a proper tech site or a gossip rag.

  4. hartec
    August 22, 2016

    MIUI Tweaks for all Xiaomi phones from Play Market just updated!!