4 d. ago Xiaomi founder stays on as honorary chairman at Chinese software firm

Lei Jun – the 55-year-old Chinese entrepreneur transforming Xiaomi into a technology conglomerate covering smartphones, electric vehicles (EVs) and chips – will retain his seat as “honorary chairman” at Beijing Kingsoft Office Software, suggesting that the founder remains committed to taking on multiple roles on the business front lines. In his honorary chairman role, Lei, the “actual controller” of Kingsoft Office, will provide guidance on technology innovation, management and corporate...

Politics

6 d. ago Xiaomi’s EV unit to become profitable this year, CEO Lei Jun says

Chinese smartphone maker Xiaomi will start making money from its electric-vehicle (EV) venture by the end of this year, according to its founder and CEO Lei Jun, less than two years after rolling its first units off the assembly line, as demand surpassed expectations. Losses have narrowed, and the unit could become profitable by the third or fourth quarter, local media The Paper reported on Tuesday, quoting Lei during a presentation in Beijing. Xiaomi was confident about its sales following the...

Economics

2 w. ago Xiaomi founder flexes semiconductor prowess with ‘very strong’ XRing O1 chip

Xiaomi on Thursday unveiled its new XRing O1 integrated circuit (IC) – designed to power the company’s next-generation smartphones and tablets – that it claims bested the performance of Apple’s latest A18 Pro chip in certain benchmark tests. “I have confidence to say that the XRing O1 is very strong,” Xiaomi founder, chairman and chief executive Lei Jun said on Thursday at an event in Beijing, where the firm’s in-house-designed system-on-a-chip (SoC) was launched, alongside the 15S Pro...

Politics

3 w. ago Xiaomi stands as one of China’s biggest semiconductor investors, founder Lei Jun says

Lei said Xiaomi reached that milestone in April after spending US$2 billion of its 10-year, US$6.9 billion allocation for chip development.

Economics

3 w. ago Xiaomi now one of China’s biggest semiconductor investors, founder Lei Jun says

Xiaomi now one of China’s biggest semiconductor investors, founder Lei Jun says  South China Morning Post

Economics

last month Xiaomi founder has ‘the hardest time’ since fatal crash involving one of its cars

Lei Jun, an active social media user, has been relatively quiet on Weibo after a fatal accident involving a Xiaomi electric vehicle.

Events