Smartphone maker Xiaomi is going through a staff reshuffle just as the company is preparing what some believe will be the biggest IPO in 2018, TechNode’s Chinese sister site reports. Two out of eight of Xiaomi’s co-founders have left the company, according to an internal letter sent by the company’s CEO Lei Jun published yesterday, April 27.

The letter revealed that Zhou Guangping and Huang Jiangji have resigned from their position. It also announced that the CFO of the company, Chew Shou Zi, will be appointed as Senior Vice President.

Jun wrote that the two co-founders chose a new way of life for personal reasons and decided to resign from their duties in the company. However, there are media reports that the two co-founders were only part of the company virtually and that their functions have long been on the shelve.

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Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.