Lei Jun Gives Chen Yu 1 Billion US Dollar "Gift" to Maincast TV and Box Content

On the afternoon of November 4th, Xiaomi Company held a media conference in Beijing. Xiaomi Chairman and CEO Lei Jun announced that Sina’s former editor-in-chief Chen Wei officially joined Xiaomi as the vice president of Xiaomi’s company, responsible for content investment and operations, and Xiaomi would invest US$1 billion in In content construction, the content of Xiaomi TV will surely be more colorful.

Wang Chuan, co-founder of Xiaomi Technology, stated: “We had an agreement with Chen Hao 17 years ago. Once they need to work together, the Xiaomi television business will strengthen its content. Chen Hao is the best choice.”
It is reported that Chen Yin’s initial focus will focus on the rapid development of television content. In the future, Chen Hao will gradually help Xiaomi develop other new media content. On mobile phones, Xiaomi.com and other platforms, Chen Hao will be responsible for the strategic planning of Xiaomi's content.
At present, the new round of financing that Xiaomi is valuing at US$40 billion will be mainly used to expand Xiaomi’s overseas channels and content investment.
The internal staff of Xiaomi Television revealed that after Chen Jie’s accession, combined with his influence and ability, he will further carry out mergers and acquisitions in content and fill in gaps in copyright and content self-control.

Chen Hao Introduction
Chen Yu and Kaifeng of Henan Province participated in the start-up work of the Liby Online website under the Sina subsidiary Beijing Sitong Lifang Information Technology Co., Ltd. (now Beijing Sina Information Technology Co., Ltd.) in 1997, and formally joined it in March 1998. the company. Mr. Chen Yu holds a master's degree in business administration from China Europe International Business School, a master's degree in journalism from Renmin University of China, a master's degree in communications from Beijing Institute of Technology, and a bachelor's degree in electrical engineering from Beijing University of Technology.
From April 1997 to August 1998, Chen Yu was the owner of the Lifang Online Sports Salon;
From September 1998 to June 1999, he was the chief editor of the Sina News Center.
In 1998, Chen Wei presided over the “France 98 Football Storm” website and became a hit, creating a record of visits to Chinese websites.
From June 1999 to June 2000, he served as Content Director of Sina.com;
From June 2000 to May 2002, he served as Executive Deputy General Manager of Sina China;
From May 2002 to November 2003, he served as vice president and chief editor of the company;
From November 2003 to February 2007, he served as senior vice president and chief editor of the company.
He left Sina on October 22, 2014.

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