Xiaomi Co-Founder Lin Bin Announces Long-Term Share Sale Plan of Up to USD 2 Billion
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Xiaomi co-founder and Vice Chairman Lin Bin has announced a planned sale of up to $2 billion worth of shares over several years, starting in late 2026, with proceeds earmarked for a new investment fund.
Xiaomi Group announced on the Hong Kong Exchange that it has received notice from co-founder, executive director, and vice chairman Lin Bin regarding a planned share sale.
Under the plan, starting in December 2026, Lin intends to sell up to USD 500 million worth of Xiaomi Class B shares every 12 months, subject to compliance with applicable regulations. The total value of shares sold will not exceed USD 2 billion.
Lin, 57, co-founded Xiaomi with Lei Jun in 2010. In the company’s early years, he oversaw daily operations including HR, administration, legal affairs, finance, and strategic supplier partnerships. He currently serves as executive director and vice chairman.
Xiaomi stated that Lin remains confident in the company’s long-term prospects and will continue to serve the group. Proceeds from the share sale will primarily be used to establish an investment fund company.
Source：TechWeb
