One of this year’s highly anticipated and most impressive GMIC speakers is Lei Jun, CEO of Xiaomi, China’s latest entrant to the mobile handset market. His company’s creation, the Xiaomi phone, is touted as a faster and more cost-effective alternative to the large players in the Chinese market, including Apple and Nokia. Sporting a 1.5Ghz dual-core processor from Qualcomm and featuring its MIUI operating system that competes directly with Apple’s iOS, Xiaomi has made a name and mark for itself in the Chinese market, selling out of 300,000 preorders within the first 34 hours.
Lei Jun has been in the Asian tech space for many years investing in such names as UCWeb, YY, and VANCL. He spent a number of years at Kingsoft Corporation Limited and led them during their initial listing on the Hong Kong Stock Exchange in 2007. Additionally, he was co-founder and Chairman of Joyo, an online retailer that was sold to Amazon in 2004. Now he is taking the mobile space by storm, introducing cost-effective, efficient handsets that target the growing Chinese mobile internet market.
Lei Jun also acts as chairman and sponsor for the Great Wall Club (GWC).