Xiaomi establishes a special group for cost reduction and efficiency improvement, with CFO Lin Shiwei in charge

Global Network Technology Comprehensive Report: On July 10th, in the face of multiple quarterly revenue declines, Xiaomi Company has continued to vigorously promote cost reduction and efficiency increase to improve performance for a period of time. Xiaomi recently announced the establishment of a special group for cost reduction and efficiency improvement within the group, with CFO Lin Shiwei serving as the team leader

Global Network Technology Comprehensive Report: On July 10th, in the face of multiple quarterly revenue declines, Xiaomi Company has continued to vigorously promote cost reduction and efficiency increase to improve performance for a period of time. Xiaomi recently announced the establishment of a special group for cost reduction and efficiency improvement within the group, with CFO Lin Shiwei serving as the team leader. It is reported that the special group for cost reduction and efficiency improvement will report to the group's business management committee, with CFO Lin Shiwei as the group leader, special assistants to the group CEO Pan Jiutang, Liu Wei, and Zhang Jianhui as members, and vice president of the group's finance department Sun Qian as the secretary general to carry out daily work.

It is reported that the Operation Management Committee of Xiaomi was established in January this year, with Lei Jun, CEO of Xiaomi, serving as the director of the Committee. The members include several senior executives of Xiaomi Group and heads of business divisions, who are mainly responsible for the overall management of business strategy, planning, budget, implementation and daily business management.

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