Xiaomi has announced that the company’s co-founder Lei Jun will be stepping down as the China president, and Lu Weibing will be replacing him. Wang Xiang, who had been the Senior Vice President of the Group and head of global business, has been promoted as the President of the Group. He will be responsible for the Group’s administrative platform, and will assist the Group’s CEO, Lei Jun, to take charge of the Group’s operations. Continue reading “Xiaomi co-founder Lei Jun steps down as China president as Lu Weibing takes over”