Lei Jun's employees received HK $537 million equity in the new year
5g war is imminent. Lei Jun's new year's' red envelope 'may have a considerable boost to Xiaomi's internal morale.
On January 6, Xiaomi group announced in the Hong Kong stock exchange that the board of directors granted 48926000 incentive shares to 1646 selected participants under the share incentive plan today. Based on the closing price of HK $10.98 on the day of award, the value of these shares amounted to HK $537 million.
Recently, the share price of Xiaomi group got rid of the long-standing downturn around HK $9 and rose to around HK $11. On January 2 this year, Lei Jun, founder, chairman and CEO of Xiaomi, issued a new year's letter. In the letter, Lei Jun proposed a major strategic upgrading of Xiaomi in 2020: at the beginning of 2019, he proposed a five-year 'aiot' strategy of 10 billion yuan, and increased the scale to 50 billion yuan in five years.