Xiaomi Group announced on the Hong Kong Stock Exchange on December 28 that Lin Bin, the company's co-founder, executive director, and vice chairman, plans to sell up to $500 million worth of the company's Class B ordinary shares every 12 months starting from December 2026. The cumulative total value of the sales will not exceed $2 billion. Lin Bin stated that he remains confident in the group's business prospects and is committed to serving the company over the long term.
According to information obtained from sources close to Xiaomi Group, Lin Bin intends to establish an investment fund to invest in emerging technology, sports, and other industries, which is the reason for his planned share reduction.
It is noteworthy that this is not the first time Lin Bin has reduced his stake in Xiaomi. In June of last year, Lin Bin sold approximately HK$1.79 billion worth of Xiaomi shares in succession, sparking discussions about a potential breach of his share sale commitment. Lin Bin clarified at the time that his foundation was established in 2019, and all of the foundation's assets are designated solely for charitable, public welfare, educational, and scientific research donation projects, and cannot be used for any personal enjoyment. In 2020, Lin Bin donated 120 million Xiaomi shares to the foundation (of which 60 million shares were later donated to the Xiaomi Foundation). At that time, he committed to not selling any more Xiaomi shares for five years. As of now, the five-year no-sale commitment made in September 2020 has expired.
According to Xiaomi Group's official website, Lin Bin co-founded the company with Lei Jun in 2010, serving as the company's president until 2019, after which he assumed the role of vice chairman. Within Xiaomi Group's management hierarchy, Lin Bin holds the second-highest position,仅次于 founder, chairman, and CEO Lei Jun.
On the 2025 Hurun Global Rich List, Lin Bin ranked 219th with a fortune of 80 billion yuan.
