Xiaomi’s Laptop Department Reportedly Merged Into Smartphone Department
A Chinese tech industry blogger exposed an internal document released by Xiaomi on May 20, showing that its laptop department has been merged into its smartphone department on the grounds of strengthening the interconnection between the two product categories. Gao Zheng, the general manager of the laptop department, will apparently now report to Adam Zeng, the president of Xiaomi‘s smartphone department.
In December of last year, Xiaomi experienced a major structural adjustment. According to LatePost’s report at that time, founder Lei Jun handed over a business he was directly managing, the Business Middle Platform Department. The department was established in December 2020 and was responsible for the digitalization and data asset construction and operation of Xiaomi. This department has now been merged into the Information Technology Department, and its chief reports to Wang Xiang, President of Xiaomi.
Xiaomi also adjusted its International Business Department last Friday. The core goal was to integrate several business departments. Xiang Zheng, who joined Xiaomi in 2018 and has 25 years of working experience in the communications industry, is in charge of this work and reports to William Lu, President of the International Business Department.
Xiaomi recently released its unaudited financial results for the three months ended March 31, 2022. The data show that in the first quarter of this year, Xiaomi‘s revenue was 73.351 billion yuan ($10.97 billion), down 4.6% year-on-year, while the adjusted net profit was 2.9 billion yuan, a year-on-year decrease of 52.9%.
SEE ALSO: Xiaomi Reports 52.9% YoY Decrease of Adjusted Net Profit in Q1
Affected by resurgent domestic COVID-19 outbreaks in the first quarter, Xiaomi‘s smartphone shipments decreased by 22.1% year-on-year to 38.5 million units.
