[Xiaomi Responds to 'Lei Jun's $700 Million Floating Profit from Changxin IPO': Subsidiary Entity Cannot Be Confused with Personal Wealth] DeepTech TechFlow reports that on July 28, according to The Paper, the topic 'Lei Jun's $700 Million Floating Profit from Changxin Technology IPO' trended on Weibo. It is reported that Wuhan 1810 Enterprise Management Co., Ltd. participated in the strategic placement of Changxin Technology, receiving an allocation of 18.2448 million shares. Based on the issue price of 8.66 yuan per share, the company made a profit of 736 million yuan on the first day of listing. This company is a wholly-owned subsidiary of Xiaomi Technology. In response, Xu Jieyun, Special Assistant to the Chairman of Xiaomi Group and Deputy General Manager of the Strategic Market Department, stated: 'Friends, just take it as a lighthearted topic, don't take it seriously. Actually, you can't calculate it this way. This is a corporate investment behavior, and the subsidiary entity cannot be confused with personal wealth. Also, by the way, congratulations again to Changxin.'