Lei Jun

In a letter penned to staff, Xiaomi founder Lei Jun said William Lu will take over as Xiaomi President

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Xiaomi's market valuation crosses $100 billion mark: Report

Xiaomi's stock picked up as much as 9.1 percent on Wednesday at the Hong Kong stock exchange, making it as 13th stock in the city’s benchmark Hang Seng Index to have a market capitalisation above $100 billion.

Xiaomi CEO urges China's smartphone industry to return to work as soon as possible

Xiaomi Corp CEO Lei Jun urged China's smartphone industry to return to work as soon as possible, as the coronavirus outbreak disrupts business activity across China.

Net profit margin in hardware biz will never exceed 5%: Xiaomi

"If we sell our products at close to cost and return value to our users, then we can earn the long-term support of our users," Jun said in a letter to employees.

Xiaomi to create over 20,000 jobs in India in 3 years

Chinese handset vendor Xiaomi today said it plans to create more than 20,000 jobs in India in the next three years.

Xiaomi targets 2017 sales of $14.5 bn after 2016 biz overhaul

"The worst is over," Lei said at the company's annual meeting in Beijing on Thursday, describing 2016 as a "make-up year" during which time it slowed its growth to make essential adjustments to its business.

Xiaomi sells record 1 mn handsets in India in 18 days: Report

The Beijing-based company now aims at becoming largest smartphone vendor in India, the world's fastest growing handset market, in the next three to five years, said Lei Jun, founder and CEO of Xiaomi.

Xiaomi Internet services revenue up 150%,but misses $1 bn target

Lei Jun, founder and chief executive of China's most valuable startup, had set the USD 1 billion target last year. Like peers such as Apple Inc., Beijing-based Xiaomi is trying to sidestep a slowdown in the world's largest handset market by coaxing smartphone buyers to also purchase internet services.

Xiaomi's H1 handset sales put full-year target in doubt

Xiaomi's new sales data comes at a moment when industry analysts believe the smartphone market in China - where Xiaomi is No. 1 - may be reaching saturation.

Xiaomi no more exclusive to Flipkart

Xiaomi which launched its first smartphone in India in July 14, partnered to sell its handsets with Flipkart alone has now added two more partner channels that one can purchase from- Snapdeal and Amazon India.