Lei Jun, chairman and CEO of mobile company Xiaomi, is now a billionaire worth $1.5 billion due to the soaring valuation of his Chinese phone company.

Lei Jun may take his inspiration from the late Steve Jobs, but Xiaomi is not Apple. Net yet. In fact, it's not even close.

Xiaomi CEO Lei Jun shows off the YU7 at a company event earlier this year.ADEK BERRY/AFP via Getty Images Lei Xing said that Xiaomi's cars had proved extremely popular with women and young people. In ...

When Xiaomi unveiled its electric car to much fanfare in late 2023, CEO Lei Jun called the project his last entrepreneurial endeavor. Fifteen months later, Lei’s bet now seems like it might pay off.

The glasses have sold around 50,000 units across online e-commerce channels and Xiaomi’s bricks-and-mortar stores since their June 26 debut.

Lei Jun said Xiaomi's first electric vehicle, the SU7, will be sold at a starting price of $30,000 during a launch ceremony on Thursday evening that marks the mogul’s official entry into China ...

Xiaomi’s first vehicle will be either a sedan or an SUV costing between 100,000 yuan and 300,000 yuan (US$15,300 to US$45,900), said the Chinese smartphone giant’s co-founder and CEO Lei Jun ...

Lei Jun said “It has been 9 years since I made a mobile phone. When it comes to Xiaomi mobile phones, the first thing that everyone thinks about is high-cost performance.

Lei Jun’s share change was a corresponding operation to cooperate with the additional issuance. And it did not involve any reduction or increase in his own shares.