According to Xiaomi Group’s disclosure announcement, the company’s co-founder, executive director, and vice chairman Lin Bin plans to sell Xiaomi Class B ordinary shares for an amount not exceeding US$500 million every 12 months starting in December 2026, and the cumulative total sales amount will not exceed US$2 billion (approximately 14 billion yuan).
Xiaomi Group stated that the proceeds from Lin Bin’s shareholding reduction plan will be mainly used to establish an investment fund company. Lin Bin expressed confidence in the group’s business prospects and will serve Xiaomi Group for a long time.
According to the 2025 semi-annual report of Xiaomi Group, as of June 30, Lin Bin held 2.1554478 billion ordinary shares of Xiaomi through Apex Star LLC, accounting for 8.31% of the total share capital and was the second largest shareholder.
In 2010, Lin Bin co-founded Xiaomi with Lei Jun. He has successively served as president, president of the mobile phone department, and general manager of Xiaomi.com, leading the research and development and global sales system. Since 2020, he has been transferred to the vice chairman of group strategy and focused on public welfare. The 2025 Hurun Global Rich List shows that Lin Bin has a wealth of 80 billion yuan and donated 100 million yuan to Sun Yat-sen University in 2024.
Xiaomi's financial report shows that in the third quarter of 2025, the company's single-quarter revenue was 113.1 billion yuan, a year-on-year increase of 22.3%, exceeding 100 billion for four consecutive quarters; the adjusted net profit was 11.3 billion yuan, a year-on-year increase of 80.9%, a record high; the cumulative R&D investment in the first three quarters reached 23.5 billion yuan, which is close to the whole of 2024, and it is expected to invest more than 30 billion yuan this year.
