XIAOMI(HK:01810) Mei Ri Jing Ji Xin Wen·2025-08-02 06:34Core Viewpoint - The Shanghai Third Intermediate People's Court has sentenced 14 former employees of a company for infringing Huawei's trade secrets, with total fines amounting to 13.5 million RMB and prison terms ranging from 1 year to 6 years for the defendants [1][6]. Group 1: Legal Proceedings - The court found that the defendants, including Zhang, committed trade secret infringement, leading to significant penalties, with Zhang receiving a 6-year prison sentence and a fine of 3 million RMB [1][6]. - The court also approved a pre-litigation asset preservation request from Huawei's subsidiary, Shanghai HiSilicon Technology Co., to freeze 95 million RMB in assets from the infringing company [3]. Group 2: Company Background - Zunpai Communications, established just a year ago, has successfully raised over 300 million RMB in total financing, with significant investments from well-known financial institutions and industry players [4]. - The company had previously completed nearly 100 million RMB in angel round financing in May 2021, led by Gao Rong Capital [4]. Group 3: Infringement Details - The investigation revealed that the defendants, including former executives, induced former R&D personnel to join their new company and illegally obtained trade secrets from their previous employer [5][8]. - The infringement involved 40 technical points that were over 90% identical to the trade secrets of the original company, resulting in substantial losses for the affected party [8]. Group 4: Industry Reactions - Xiaomi Group has publicly clarified its position regarding the allegations linking it to the infringing company, stating that its investment was a standard financial transaction and that it does not engage in the management or operations of the company [10][11].