雷军前脚刚增持小米，小米副董后脚就宣布套现140亿！还说看好小米未来！网友：刚添了根柴又被泼一盆水

Core Viewpoint - The contrasting actions of Xiaomi's founders, Lei Jun's recent stock purchase and Lin Bin's planned stock sell-off, raise questions about the company's internal outlook and potential market implications [3][19]. Group 1: Announcement Details - On December 28, Xiaomi announced that Lin Bin plans to sell up to $2 billion (approximately 140 billion RMB) of company stock over four years starting December 2026, with a maximum of $500 million per year [3][21]. - In contrast, on November 24, Lei Jun purchased 2.6 million shares for 10 million HKD, which positively impacted the stock price the following day [3][21]. - Lin Bin stated he is confident in Xiaomi's business prospects and intends to use the proceeds for an investment fund focused on emerging technologies and sports [3][21]. Group 2: Background on Lin Bin - Lin Bin, born in 1968 in Guangzhou, is a core founder of Xiaomi and has a background in technology, having worked at Microsoft and Google before co-founding Xiaomi in 2010 [4][24]. - His previous stock sales include 3.7 billion HKD in 2019 and 80 billion HKD in 2020, indicating a history of planned sell-offs rather than sudden exits [4][24]. Group 3: Market Reaction and Analysis - The planned sell-off is structured to minimize market impact, with the annual reduction being less than 5% of Xiaomi's daily trading volume [7][25]. - Following the announcement, Xiaomi's stock initially dropped 3% but recovered to a final decline of 1.63%, suggesting the market's ability to absorb the news [7][25]. - Analysts are divided on the implications of Lin Bin's sell-off, with some viewing it as a potential negative signal for stock prices, while others see it as a normal part of capital market operations [30]. Group 4: Business Context - Xiaomi faces challenges in its smartphone business due to rising component costs and declining margins, while its automotive sector has shown record deliveries but faces future profitability concerns [11][29]. - The IoT business is experiencing slowed growth, with some segments reporting negative growth, adding to the pressure on the company's overall performance [11][29]. - The differing roles of Lei Jun and Lin Bin highlight the transition from a startup phase to a more stable operational phase, where partial sell-offs by founders can be seen as a sign of maturity rather than a lack of confidence [37].