Xiaomi Streamlines Shareholdings and Renews VIE Contracts for Mainland Units
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Xiaomi Corporation has restructured shareholdings of key mainland entities, consolidating equity under founder Lei Jun and senior executives for efficiency. The company terminated previous contracts and entered new agreements with its onshore entities, maintaining its variable interest entity structure. This change increases Lei Jun's stakes while introducing Liu Lingdi as a 10% shareholder. The new arrangements aim to improve governance clarity without disrupting operations. Analysts rate Xiaomi stock (HK:1810) as a Buy with a price target of HK$54.00, reflecting positive market sentiment.
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