Xiaomi
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China $59 Billion Tech Giant Xiaomi Fires International Business Divisions General Managers of Western Europe Ou Wen & Latin America Chen Bingxu for Corruption Including Receiving Bribes & Forging Outsourcing Deals, Xiaomi to File Criminal Charges & Civil Damages 

20th June 2024 | Hong Kong

China tech giant Xiaomi (20/6/24: $59 billion market value) has fired Xiaomi international business divisions General Managers of Western Europe Ou Wen & Latin America Chen Bingxu for corruption including receiving bribes & forging outsourcing deals.  Xiaomi will be filing criminal charges & civil damages against the 2 General Managers.   In 2023, Xiaomi founder & billionaire Lei Jun donated $183 million (CNY 1.3 billion) to Wuhan University (China) to support computer science innovation, student development and research on 6 fundamental disciplines (mathematics, physics, chemistry, literature, history, philosophy).   Lei Jun had graduated from Wuhan University in 1991 with a Bachelor degree in Computer Science.  The donation was announced at Wuhan University 130th anniversary.  In 2021, Lei Jun donated $2.2 billion of Xiaomi shares to 2 charitable foundations (Xiaomi Foundation and the Lei Jun Foundation) co-founded by him in 2010 (HKEX filing 16/7/21), with his shareholding at 10.6% after the share transfer.  Lei Jun is one of China’s richest man and the founder of the one of the largest smartphone maker in the world, with a net worth of more than $13 billion.  The largest smartphone makers in the world include Samsung, Apple, Huawei, Opportunities, Vivo, Xiaomi & Lenovo. 

“ China $59 Billion Tech Giant Xiaomi Fires International Business Divisions General Managers of Western Europe Ou Wen & Latin America Chen Bingxu for Corruption Including Receiving Bribes & Forging Outsourcing Deals, Xiaomi to File Criminal Charges & Civil Damages “

 



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Xiaomi Founder & Billionaire Lei Jun Donates $183 Million to China Wuhan University to Support Computer Science Innovation, Student Development & Research on 6 Fundamental Disciplines, Lei Jun Graduated from Wuhan University in 1991 with Bachelor Degree in Computer Science

Xiaomi Founder and President Lei Jun

30th November 2023 – Xiaomi founder & billionaire Lei Jun has donated $183 million (CNY 1.3 billion) to Wuhan University (China) to support computer science innovation, student development and research on 6 fundamental disciplines (mathematics, physics, chemistry, literature, history, philosophy).   Lei Jun had graduated from Wuhan University in 1991 with a Bachelor degree in Computer Science.  The donation was announced at Wuhan University 130th anniversary.  In 2021, Lei Jun donated $2.2 billion of Xiaomi shares to 2 charitable foundations (Xiaomi Foundation and the Lei Jun Foundation) co-founded by him in 2010 (HKEX filing 16/7/21), with his shareholding at 10.6% after the share transfer.  Lei Jun is one of China’s richest man and the founder of the one of the largest smartphone maker in the world, with a net worth of more than $13 billion.  The largest smartphone makers in the world include Samsung, Apple, Huawei, Opportunities, Vivo, Xiaomi & Lenovo.

 

 

Xiaomi Founder & Billionaire Lei Jun Donates $2.2 Billion of Shares to Charity

Xiaomi Founder and President Lei Jun

22nd July 2021 – Xiaomi founder & billionaire Lei Jun has donated $2.2 billion of Xiaomi shares to 2 charitable foundations co-founded by him (HKEX filing 16/7/21), with his shareholding at 10.6% after the share transfer.  Lei Jun is one of China’s richest man and the founder of the 2nd largest smartphone maker in the world, with a net worth of more than $22 billion.  The largest smartphone maker in the world is Samsung, followed by Xiaomi and Apple.

 

 

Xiaomi Founder & Billionaire Lei Jun, Philanthropist

Xiaomi Founder and President Lei Jun

Lei Jun’s $2.2 billion donation, joins the growing list of billionaires in giving their money away. 

In March 2021, now South Korean richest billionaire and Chairman of South Korean internet and technology giant Kakao Kim Beom-Su and his wife (Miseon Hyeong) signed The Giving Pledge to donate more than half of their $10 billion assets to society.  In the same month, South Korean billionaire Kim Bong-Jin and his wife Bomi Sul also signed The Giving Pledge. Kim Bong-jin is the founder & CEO of Woowa Brothers, which started the largest food delivery app (Baedal Minjok) in South Korea.

 

 

The Giving Pledge – For Billionaires

Bill & Melinda Gates – The Giving Pledge

The Giving Pledge is a global philanthropic movement launched in 2010 by Microsoft chairman Bill Gates and his wife Melinda Gates along with Berkshire Hathaway chairman Warren Buffett with a total of 40 billionaires.  The Giving Pledge is a moral commitment by the world’s wealthiest to give the majority of their wealth to charitable causes.

Currently, there are 220 pledgers from 25 countries.

Notable names are:

  • Facebook founder Mark Zuckerberg and Priscilla Chan ($103 billion)
  • Tesla founder Elon Musk ($162 billion)
  • Oracle founder Larry Ellison ($90 billon)
  • Virgin Group founder Richard Branson and Joan Branson. ($5 billion)
  • Linkedin founder Reid Hoffman and Michelle Yee ($2 billion)
  • David Rockefeller, deceased 2017 (3.8 billion)

Notable names from finance are:

  • Bridgewater Associates founder Ray Dalio & Barbara Dalio ($20 billion)
  • Blackstone founder Stephen Schwarzman ($23 billion)
  • Carlyle Group founder David Rubeinstein ($4 billion)
  • Bloomberg founder Michael Bloomberg ($59 billion)
  • Icahn Enterprises founder Carl Icahn ($15 billion)
  • Tudor Investment founder Paul Tudor Jones and Sonia ($7 billion)

(est. current networth)

 

Signers of the Giving Pledge

Signers of the Giving Pledge commit to give the majority of their wealth to philanthropy, either during their lifetimes or in their wills.

 

To Join the Giving Pledge

To join the Giving Pledge, billionaires will need to have at least $1 billion in personal net worth and and are ready to make a public pledge to donate the majority of their personal wealth to philanthropy.  Visit: The Giving Pledge




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