Lei Jun's $7 Billion Profit from Changxin Technology IPO" Trends Online, Xiaomi Responds: Don't Take It Seriously "Lei Jun's $7 Billion IPO Profit" shot to the top of trending topics, with over 29 million views. On its first day of trading, Changxin Technology skyrocketed by 465.82%, pushing its market cap to 3.28 trillion yuan, making it the largest by market value on the A-share market. Wuhan 1810, a wholly-owned subsidiary of Xiaomi Technology, participated in the strategic placement. Based on the issue price, this holding has an unrealized profit of 736 million yuan. Xu Jieyun, Special Assistant to the Chairman of Xiaomi Group, stepped in to clarify: This is a corporate investment activity, and the subsidiary's assets shouldn't be equated with Lei Jun's personal wealth. "Just enjoy the buzz, don't take it seriously.