Xiaomi awards staff shares worth US$24mil, celebrating status as top 500 global company

Xiaomi was included in the '2019 Fortune Global 500' companies announced by Fortune magazine this week. — SCMP

Just over 20,000 people were granted the stock award on July 19, when shares in the Hong Kong-listed company closed at HK$9.11 , Xiaomi said in a statement to the city’s stock exchange late on Tuesday. The vesting period of the shares is one year, which means staff leaving the company before July 19, 2020 will not be able to cash in on the award.

Beijing-based Xiaomi ranked 468th on the Fortune Global 500 list and was also ranked 7th in the Internet Services and Retailing category, after posting revenue of US$26.4bil and net profit of US$2bil in the previous financial year.

Brilliant. Loyalty do have its rewards.

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