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Recently, Beijing Juailiao Network Technology Company, a wholly-owned subsidiary of Xiaomi, has undergone significant business realignments. Wang Chuan has relinquished his roles as legal representative, executive director, and manager, with Liu Wei assuming these responsibilities. Concurrently, the company's registered capital has been substantially reduced from 9.42 million yuan to approximately 4.93 million yuan. Juailiao Network Technology Company, founded in May 2014, encompasses a broad range of services including product design, arts and crafts design, and public relations services. This transition suggests potential major adjustments in the company's management and capital structure. Notably, Wang Chuan has previously resigned from various Xiaomi-affiliated entities.
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