The following is the full text of Lei Jun’s internal mail:
Dear students, Xiaomi:
Hello everyone!
The day before yesterday, we announced our commitment to all users at the Xiaomi 6X conference held at Wuhan University: The comprehensive net profit of Xiaomi's overall hardware business will never exceed 5%.
After the announcement, the response from the announcement was enthusiastic. Xiaomi employees and rice noodles expressed their support for the company's commitment. Thank you for your trust in the company's management! Everyone's love of Xiaomi encouraged us to advance.
Today, I want to announce two other important news:
1. Appoint CFO Zhou as senior vice president of the company.
After Zhou joined the company in July 2015, he has made great contributions to the company's development with his outstanding leadership and business management capabilities. The company decided to appoint him as CFO and senior vice president, looking forward to his financial position. Investment and HR play a greater role. This appointment will take effect immediately.
2. Co-founders Zhou Guangping and Huang Jiangji (KK) resigned from the company.
Zhou Guangping laid an important foundation for the development and production of Xiaomi's mobile phones. Huang Jiangji led the development of many businesses such as rice chat, Xiao Miyun, and IOT strategy. They made outstanding contributions to Xiaomi and was the co-founder of Xiaomi's miracle. .
For personal reasons, the two co-founders chose a new lifestyle and decided to resign from their position in the company. The company’s management understood their choice, thanked them for their years of hard work and dedication, and wished them all the best for the future.
I would also like to take this opportunity to pay tribute to all the students who have contributed to and contributed to Xiaomi’s history!
Every step that Xiaomi made progressed, and behind every achievement he achieved, the sweat of the Xiaomi people soaked.
Xiaomi is always grateful and will return more exciting and more robust results!
Lei Jun
4/27/2018