[Lei Jun's '7 Billion Yuan Profit from Changxin Technology IPO' Sparks Debate, Xiaomi Responds: Company Investments Should Not Be Confused with Personal Wealth] BlockBeats News, July 28: On the first day of Changxin Technology's IPO, its stock surged by 465.82%, drawing significant market attention. Among the buzz, 'Lei Jun's 7 Billion Yuan Profit from Changxin Technology IPO' became a trending topic on Weibo. According to Changxin Technology's previously disclosed strategic placement list, Wuhan 1810 Enterprise Management Co., Ltd. was allocated 18.2448 million shares of Changxin Technology. Based on the offering price of 8.66 yuan per share, the allocation amounted to approximately 158 million yuan. Calculated using Changxin Technology's closing price on its IPO day, the floating profit was approximately 736 million yuan. Public records show that Wuhan 1810 Enterprise Management Co., Ltd. is a wholly-owned subsidiary of Xiaomi Technology, whose chairman is Lei Jun. As a result, the market has linked this investment to Lei Jun personally. In response, Xiaomi Group Chairman's Special Assistant and Deputy General Manager of the Strategic Market Department, Xu Jieyun, commented on July 28: 'Friends, just enjoy the buzz, don’t take it seriously. Actually, you can’t calculate it this way. This is a corporate investment activity, and the specific subsidiary entity cannot be equated with personal wealth. Also, by the way, congratulations again to Changxin.' [Original Link]