Xiaomi founder Lei Jun earned RMB 10 billion in 2018

By Jill Shen

Apr 9, 20191 min read Lei Jun, Xiaomi CEO (Image credit: Xiaomi).Lei Jun, Xiaomi’s 50-year-old founder and chief executive, received a compensation package of around RMB 10 billion ($1.5 billion) in 2018, a year capped by slowing handset sales in the f…

Tencent partners with two banks in cloud business push

By Jill Shen

Apr 4, 20192 min read (Image credit: Tencent)Tencent has announced partnerships with two Chinese banks and its cloud computing arm, the company’s latest move to boost its enterprise services business in a race with its long-term rival, cloud giant Alib…