Xiaomi is really full of announcement this year. This China-based company has been announcing new devices intensively since the beginning of this year, and quite recently they've teased their upcoming expansion to Brasil. Well, the company has announced the expansion yesterday, which makes Brasil the first country outside of Asia Xiaomi is officially selling their devices in. The company has launched the Redmi 2 handset in Brasil, which is a big step for the company, it remains to be seen what happens next.
That being said, the company has yet another announcement to share with us. China's largest smartphone OEM has announced today that they appointed former DST Partner, Shou Zi Chew, as the company's new CFO (Chief Financial Officer). In case you don't know, DST is a global investment firm. Mr. Chew is actually a Singaporean national, and has been working for DST since 2010. He has actually been handling the company's investments in Xiaomi, JingDong Mall (JD.com) and Alibaba, among others. Mr. Chew has also worked for Goldman Sachs in London before he joined DST a couple of years ago.
"I am very excited to welcome Shou Zi to Xiaomi. He was a successful investor with unique investment insights and financial skills, who recognized Xiaomi's value early on and helped DST complete its investment in the company. I believe that with his appointment, Xiaomi's finance and investment team will provide greater support to Xiaomi's technical innovation, ecosystem development, and international expansion plans," said Xiaomi's founder and CEO, Lei Jun. DST founder added the following: "Shou Zi is a great colleague and friend, and we are grateful for his contributions over the years. Xiaomi is a very important startup company that we have been partners with since 2011. We believe that Shou Zi is fully qualified to become the CFO of the company. We wish Shou Zi the very best in his new role and look forward to remaining close partners with him and Xiaomi."
Shou Zi Chew follow the lead of Hugo Barra, Chen Tong and Wang Xiang to become the latest senior executive to join this Chinese smartphone manufacturer. Xiaomi's has a huge appetite for success, and they have high expectations for their newly appointed CFO.