Caixin
Sep 14, 2018 08:21 PM
BUSINESS & TECH

In Wake of Alibaba Succession News, Xiaomi Puts Younger Executives in Leadership Spots

Lei Jun, founder and chairman of Xiaomi. Photo: VCG
Lei Jun, founder and chairman of Xiaomi. Photo: VCG

Chinese tech companies’ succession plans have been in the spotlight this week, with the founders of e-commerce behemoth Alibaba Group Holdings Ltd. and smartphone-maker Xiaomi Corp. both announcing plans to put younger executives in leadership positions.

Analysts said that this will help generate the fresh ideas needed to keep the companies competitive.

“Enterprises urgently need to have younger decision-makers to keep pace with their consumers, who are getting younger and are very digital savvy,” said Wang Xi, a Beijing-based technology analyst with data-tracking firm IDC.

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