[Xiaomi Responds to 'Lei Jun's $700 Million Profit from Changxin IPO': Company Investments Cannot Be Confused with Personal Wealth] Odaily Planet Daily News: 'Lei Jun's $700 Million Profit from Changxin Technology IPO' has become a trending topic on Weibo. According to a previous announcement by Changxin Technology, a Wuhan-based company participated in the strategic placement of Changxin Technology and was allocated 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, Wuhan 1810 Enterprise Management Co., Ltd., was established in 2021 and is located in Wuhan East Lake High-Tech Development Zone. Notably, Wuhan 1810 Enterprise Management Co., Ltd. is a wholly-owned subsidiary of Xiaomi Technology. According to equity information, the chairman of Xiaomi Technology is Lei Jun, who holds 97.48% of Xiaomi Technology's shares. Today, Xu Jieyun, Special Assistant to the Chairman of Xiaomi Group and Deputy General Manager of the Strategic Market Department, responded by saying, 'Friends, just take it as a lighthearted topic, don’t take it seriously. Actually, you can’t calculate it this way. This is a company investment behavior, and the specific subsidiary entity cannot be confused with personal wealth. Also, let me take this opportunity to once again congratulate Changxin.' It is reported that companies in the semiconductor industry chain, such as Montage Technology, ESWIN Materials, Tuojing Technology, Anji Microelectronics, Tongfu Microelectronics, Advanced Micro-Fabrication Equipment Inc. (AMEC), Etown Semiconductor, and Shanghai Silicon Industry, were each allocated 18.24 million shares, with an allocation amount of 158 million yuan. Based on the closing price on the first day of listing, each company’s profit exceeded 700 million yuan. (The Paper)