Lei Jun, the cofounder and CEO of Xiaomi, unveiled the company’s first electric vehicle on Thursday, marking the Chinese smartphone maker’s entry into the country's highly competitive EV market.

Xiaomi said in a regulatory filing Wednesday that Lei Jun is receiving more than 636.6 million shares as a bonus for “his contributions to the company.” The stock is traded in Hong Kong.

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The company's 2024 earnings, its first set of annual results as a bona fide carmaker, show that founder Lei Jun’s big EV bet is paying off. The company reported 365.9 billion Chinese yuan ($50.6 ...

Ladies and gentlemen, meet Lei Jun, the jeans-and-black-shirt-wearing billionaire founder of Xiaomi, China’s hottest smartphone company. And, if you believe Lei, the next Steve Jobs.

Lei Jun, CEO of Xiaomi, speaks during the launch of Xiaomi's XRING O1 chipset, mobile phone 15S Pro and Pad 7 Ultra in Beijing on May 22, 2025. (Adek Berry—AFP via Getty Images) ...

Both Xiaomi and its founder, Lei Jun, are big fans of Apple. The Chinese smartphone maker embraces Apple-like designs in its products and advertising, leading some to dub the company "the Apple of ...

Lei Jun, Xiaomi’s founder and chief executive, shared on his Weibo account that the YU7 launch event would also feature the introduction of the Xring O1 mobile chip and the new Xiaomi 15S Pro ...

Hailing from a family of teachers, tech billionaire Lei Jun now drives a US$430,000 Mercedes-Benz and invested more than US$750 million in a new ‘office’ for his employees ...

Shunwei Capital Partners, co-founded by prominent Chinese entrepreneur Lei Jun, has closed a $525 million venture capital fund to invest in China's early stage Internet and technology start-ups ...

In December, Lei told state broadcaster CCTV that Xiaomi devoted 3,400 engineers and 10 billion Chinese renminbi ($1.4 billion) towards the company's first prototype vehicle.