Xiaomi reports anti-corruption case: two general managers in Western Europe and Latin America were fired for corruption

According to Sina Technology, Xiaomi recently reported internal violations of regulations and disciplines, which involved two regional general managers of Xiaomi’s international business department.

• Owen, the former general manager of the Western European Region of the International Business Department, made up a fictitious outsourcing business and involved a huge amount of money. He was fired and the company launched criminal and civil rights protection against him.

• ## Chen Bingxu, the former general manager of the Latin American region of the International Business Department, demanded huge bribes from partners, accepted valuable property, and accepted luxurious entertainment. The amount involved was huge and the crime was Dismissal, confiscation of options, and compensation for company losses.

According to reports,

the two executives involved are the backbone of Xiaomi’s overseas business

. In a personnel appointment in 2019, Owen was appointed general manager of Western Europe and Chen Bingxu was appointed general manager of Eastern Europe. Later, Chen Bingxu was transferred to the general manager of Latin America. It is worth mentioning that Europe and Latin America are both important overseas markets for Xiaomi, with a high market share.

On June 9, Canalys released the European market smartphone report for the first quarter of 2024. Samsung occupied 37% of the market share, ranking first; Apple ranked second, with a market share of 22%;

Xiaomi With a market share of 16%, it ranks third, behind Samsung and Apple.

Canalys report shows that in the first quarter of this year, Xiaomi also ranked third in Latin America with shipments of 5.3 million units, with a market share of 15.3% and a year-on-year growth of 45%.

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