Xiaomi's Cofounder to Sell Stock Worth Up to $2 Billion From December 2026 — Update

By Kimberley Kao

Xiaomi co-founder Lin Bin plans to sell up to $2 billion worth of its shares starting from December 2026, the company said Sunday.

Shares of the Beijing-based company fell as much as 3.3% early Monday before reversing losses. They were last 1.2% higher.

The sales of the class B ordinary shares won't exceed $2 billion in total, and won't be more than $500 million in any 12-month period, Xiaomi said in a filing.

Lin, who is also executive director and vice chairman of Xiaomi, plans to use the proceeds primarily for establishing an investment fund company, it said.

"Mr. Lin has expressed his full confidence in the business prospects of the Group and will continue to serve the Group on a long-term basis," Xiaomi said.

The $500 million worth of shares is equivalent to about 0.4% of Xiaomi's outstanding shares, according to calculations by Citi Research analysts.

The impact of the share sale will likely be limited but could affect sentiment, they said in a note. The investment fund company may focus on incubating emerging technology, which could benefit Xiaomi's artificial intelligence of things ecosystem, they said.

Write to Kimberley Kao at kimberley.kao@wsj.com

(END) Dow Jones Newswires

December 28, 2025 21:54 ET (02:54 GMT)