According to the "Shanghai Securities News", Xiaomi's recent internal reporting of violations of regulations and disciplines shows that two regional general managers of the international business department were fired on suspicion of corruption. Xiaomi has initiated criminal and civil rights protection against one of them. Information reported by
shows that Irving, the former general manager of the Western European Region of the International Business Department, made up a fictitious outsourcing business and the amount of money involved was huge. He was fired and the company launched criminal and civil rights protection against him.
Chen Bingxu, the former general manager of the Latin American region of the International Business Department, demanded huge bribes from his partners, accepted valuable property, and accepted lavish entertainment. The amount involved was huge, and he was dismissed, his options confiscated, and he compensated the company for losses.
In 2019, Xiaomi Group made adjustments to the personnel structure of the International Department. These include the appointment of Owen as the general manager of Western Europe and Chen Bingxu as the general manager of Eastern Europe. Later, Chen Bingxu was transferred to the general manager of Latin America.
In 2023, Xiaomi Group’s overseas market revenue will be RMB 121.8 billion, accounting for 44.9% of its revenue. According to canalys data, Xiaomi will firmly rank second in the Middle East market in 2023 in terms of smartphone shipments, and will rank among the top three in markets such as Latin America, Africa, and Southeast Asia. Ranked among the top three in 51 markets worldwide and among the top five in 65 markets. In the first quarter of 2024, Xiaomi achieved significant year-on-year growth in smartphone market share in the Middle East, Latin America, Africa and Southeast Asia. Among them, Latin America ranked third in terms of shipment volume, and its market share increased by 2.0 percentage points year-on-year to 15.3%.
According to Xiaomi’s 2024 first quarter report, Xiaomi’s overseas revenue in mainland China increased from 45.4% in the first quarter of 2023 to 50.2% in the first quarter of this year. This part of the revenue mainly comes from India and Europe.
Xiaoxiang Morning News Comprehensive
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