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ETF and Mutual Fund data provided by Morningstar, Inc. P Index data is the property of Chicago Mercantile Exchange Inc. Powered and implemented by Interactive Data Managed Solutions. This biography of a living person needs additional citations for verification. Chinese billionaire entrepreneur who founded Xiaomi Inc, one of the largest mobile phone makers in the world.
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Lei was born on 16 December 1969 in Xiantao, Hubei, China. In 1987, he graduated from Mianyang Middle School and began attending Wuhan University, where he completed all credits within two years and graduated with a BA in computer science. He also started his first company during his last year in college. In 1992, Lei joined Kingsoft as an engineer, becoming the CEO of the company in 1998 and leading it towards an IPO.
On 20 December 2007, he resigned as president and CEO of Kingsoft for “health reasons”. After resigning from Kingsoft, Lei became a prolific angel investor in China, investing in over 20 companies including Vancl. In 2008, he became a chairman of UCWeb. In 2011, he rejoined Kingsoft as chairman. In 2013, Lei Jun was appointed a delegate of the National People’s Congress.
In 2014, he was named Businessman of the Year by Forbes. On 6 April 2010, Lei Jun founded Xiaomi Inc, a technology company that manufactures smartphones, mobile apps, and other consumer electronics. The company has created a diverse portfolio of products, ranging from phones, tablets, TVs, routers, power banks, and earphones, to air and water purifiers and even robot vacuums and scooters. Lei Jun and his company Xiaomi Inc have already invested in more than 70 start-up companies and plans on investing in more so as to help Xiaomi Inc expand and grow its ecosystem exponentially. 100 billion IPO in Hong Kong. Lei Jun’s business activities have been recognized through multiple industry awards.
In 1998, he was named an honorary professor at Wuhan University, his alma mater, where there is also a scholarship in his name. In 2003, he was named an honorary professor at the Zhengzhou Institute of Engineering. In 2012, he was selected by China Central Television as one of the top 10 business leaders of the year. In 2013, he was named one of the 11 most powerful business people in Asia by Fortune as well as most notable entrepreneur by BAZAAR Men’s Style. In 2014, he was named Businessman Of The Year by Forbes Asia. Lei Jun is married to Zhang Tong. Chinese Billionaire Lei Jun’s Long, Twisting Road At Kingsoft”.
Meet Lei Jun: China’s Steve Jobs Is The Country’s Newest Billionaire”. Here’s why Xiaomi is China’s most important tech company”. Archived from the original on 11 January 2015. Alibaba, UCWeb Team Up In Mobile Search”. Forbes Asia Names Lei Jun As Businessman Of The Year In 2014″.
Lei Jun: Xiaomi will invest in 100 more startups”. Archived from the original on 22 June 2015. Archived from the original on 18 May 2018. Archived from the original on 8 October 2017. 13 things you didn’t know about Xiaomi’s Lei Jun”. Xiaomi’s Lei Jun Is Forbes Asia’s 2014 Businessman Of The Year”. Lei Jun and his wife donate money to university”.
Archived from the original on 4 October 2017. Chinese electronics company headquartered in Beijing. Xiaomi makes and invests in smartphones, mobile apps, laptops, and related consumer electronics. Xiaomi released its first smartphone in August 2011 and rapidly gained market share in China to become the country’s largest smartphone company in 2014.
How To Invest In Xiaomi Generally this…
Xiaomi has 15,000 employees in China, India, Malaysia, Singapore and is expanding to other countries including Indonesia, the Philippines, and South Africa. Notably, it produces smartphones which run on their own version of Android MIUI firmware. Xiaomi operates on a vertically-integrated model that enables the company to sell hardware at cost or below in order to attract users and earn money by selling content. This strategy allows Xiaomi to take advantage of price reductions in the prices of key components of its products. The company focuses on India, the world’s second-largest smartphone market. Xiaomi announced on May 2, 2018, the launch of Mi Music and Mi Video to offer “value-added internet services” in India. Xiaomi Corporation: Private Company Information – Bloomberg”.
Archived from the original on 25 August 2013. The China Smartphone Market Picks Up Slightly in 2014Q4, IDC Reports”. Archived from the original on 17 February 2015. Xiaomi Dials Up Pressure on Samsung – Caixin Global”. IDC: Xiaomi ends Q1 2018 as the fourth largest smartphone brand in the world”.
A Slowdown in China Drags the Worldwide Smartphone Market to a Year-over-Year Decline of 2. Shipments During the First Quarter of 2018, According to IDC”. Chinese brand Xiaomi bests Samsung and Micromax to lead Indian smartphone market”. Xiaomi unveils sensor panels for its smart home ecosystem”. Xiaomi Unveils Smart Home Suite With Security Features”. Xiaomi looks beyond smartphones to smart home products”.
WEBCAM, POWER PLUG, LIGHTBULB AND REMOTE CENTER”. Archived from the original on 6 June 2014. How China’s Xiaomi Beats Huawei in Malaysia”. Archived from the original on 28 June 2014. Xiaomi Expands Its Empire To Brazil, Will Sell First Smartphone There July 7″. Archived from the original on 2 July 2015.
Xiaomi, What Americans Need To Know”. Xiaomi CEO Tries to Follow in Steve Jobs’ Footsteps – Caixin Global”. 1 billion to become most-valuable tech start-up”. Navigating the New Retail Landscape: A Guide for Business Leaders. Smartphone Upstart Xiaomi Brings Partner to India to Curry Local Favor – Caixin Global”. Samsung, Xiaomi drive shipments – ET Telecom”. Xiaomi Rolls Out Music, Video Apps in India – Caixin Global”.
Xiaomi to Partner with Foxconn to Open Second Factory in India”. Xiaomi to open second manufacturing facility in India”. Xiaomi Inc plans to set up a second manufacturing unit in India to cater to a growing demand for smartphones in the Asian country, according to media reports on March 22nd, citing a company announcement. Wikimedia Commons has media related to Xiaomi.