Xiaomi to undergo internal restructuring: Report
Beijing, Sep 14 : Aiming to recruit new talent and strengthen its core, Xiaomi would undergo internal restructuring, its Founder and Chief Executive Lei Jun has announced.
The Beijing-headquartered company's internal restructuring would make way for 10 new business units -- four hardware units, four Internet services units, one technology platform and an e-commerce platform.
"It will also increase the efficiency of each department and build strong career progression, allowing us to develop younger talent and provide them with opportunities to shine," Lei wrote in a letter to Xiaomi staff, South China Morning Post (SCMP) reported on Friday.
"The company's organisational shake-up comes at a time when the governance of Chinese companies is under the spotlight," the report added.
One of the new departments would oversee recruitments, promotion and training while the other would be tasked with managing the firm's development strategy as well as monitoring the progress of individual business units.
"Without experienced soldiers, there is no succession. Without new troops, there is no future. We need to groom and develop a large group of young managerial talent.. to manage the troops. Let every capable and ambitious young person learn to battle and grow quickly on the battlefield," Lei added in the letter to the employees.
Recently, Chinese e-tailer Alibaba's Executive Chairman Jack Ma announced his plans to resign after a 12-month transition period, handing over the reins to Daniel Zhang, current Chief Executive of Alibaba Group Holding.
Alibaba Group said that on its 20th anniversary on September 10, 2019, its Chief Executive Daniel Zhang, 46, will take charge as the new Chairman.
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India has just been devastated by COVID-19: Donald Trump
Washington, Jun 17: Former president Donald Trump on Thursday said that India has been devastated by the coronavirus pandemic, insisting that China should pay USD 10 trillion to the US for allegedly being responsible for the spread of COVID-19 globally.
In an interview with Fox News, Trump said that in fact, China should pay more as compensation to the world, but this is what they have the capacity to pay.
The number (compensation) is much higher than that. But there's only so much they can pay. And that's to us (United States). The number is bigger throughout the world. Look, countries have been destroyed over what they did, and whether by accident or not. And I would hope that it was an accident. I hope that it was through incompetence or an accident, Trump said in response to a question.
But, when you look, whether it was by an accident, whether it was -- whatever it is, this -- you look at these countries. They will never, ever be the same. Our country was hit so hard. But other countries were hit much harder, he said as he went on to cite India, which is currently experiencing the worst ever public health crisis.
Look at what's going on in India now. You know, they used to say, look how well India was doing, because they were always looking for an excuse -- look how well India is doing. The fact that India has just been devastated now, and virtually, every country has been devastated, Trump said.
I think that's one of the reasons that I feel it's very important to find out where it came from, how it came. I think I know. I mean, I feel certain about it. But certainly, China should help. Right now, their economy and our economy are the two economies that are coming back the fastest, he argued.
Coronavirus was first reported in Wuhan in December 2019 by Chinese health officials.
Trump has been alleging that the coronavirus may have leaked from the Wuhan Institute of Virology in central China's Wuhan city.
The total number of coronavirus cases globally are 177,136,569 and 3,835,123 people have died from it, according to the Johns Hopkins University tracker on Thursday.
In April, India was struggling with a second wave of the pandemic and hospitals were reeling under a shortage of medical oxygen and beds. However, the country is now witnessing a downswing in the second wave of the coronavirus.
