Xiaomi gifts CEO Lei Jun over â¹10,200 crore ahead of IPO
Chinese smartphone maker Xiaomi gave its founder and CEO Lei Jun about $1.5 billion (â¹10,200 crore) in stock to "reward him for his contributions" ahead of its IPO. The bonus is reportedly not tied to any future performance metrics or goals. Xiaomi President Lin Bin said the board approved the stock award unanimously with Lei Jun knowing nothing about it. 