Xiaomi Corp.
Leadership History
3 leaders · 2010 to present
Lei Jun is the CEO of Xiaomi, in the role since 2010.
| Name | Role | From | To | Years in role |
|---|---|---|---|---|
| Lu Weibing | President | 2022 | Present | 4 |
| Lei Jun | Founder, Chairman and CEO | 2010 | Present | 16 |
| Lin Bin | Co-founder and Vice Chairman | 2010 | Present | 16 |
Xiaomi is a Beijing-based consumer technology company listed in Hong Kong under stock code 1810 and led by founder, chairman and CEO Lei Jun. It reported FY2025 revenue of ~$63.6B (RMB457.3B) and 56,531 employees at the end of 2025. The company is headquartered in Beijing, China.
Xiaomi sells hardware at relatively thin margins and earns higher margins from internet services delivered through its installed base of devices, including advertising, app distribution and games. Smartphones were the largest single product line in FY2025 at ~$25.9B (RMB186.4B) of revenue. IoT products extend the ecosystem into homes, and many of them are made by ecosystem partner companies Xiaomi has invested in. Since 2024 the company also sells electric vehicles it builds in Beijing. HyperOS is the software layer connecting phones, home devices and cars.
President
2022 – Present
4 years (current)
Oversaw the push toward premium smartphones and overseas expansion.
Runs day-to-day operations of the group, having earlier led the Redmi brand and international business.
Founder, Chairman and CEO
2010 – Present
16 years (current)
Built the online direct-sales model, opened offline Mi Home stores after the 2015-2016 slowdown, took Xiaomi public in 2018, and committed the company to electric vehicles in 2021.
Sets Xiaomi's product and ecosystem strategy and leads the EV business.
Co-founder and Vice Chairman
2010 – Present
16 years (current)
Led early phone development and supply-chain partnerships as president until 2019.
Co-founded Xiaomi with Lei Jun and served as president during its early growth before moving to the vice chairman role.
The biggest near-term pressure is component cost. Memory-chip prices rose sharply in 2026 as AI data centers absorbed supply, and Xiaomi's Q1 2026 revenue fell 10.9% and adjusted net profit fell 43.1% year over year. Q2 2026 revenue fell 6.1% and adjusted net profit fell 42.6%. The EV segment returned to operating losses in the first half of 2026 as average selling prices declined. Xiaomi also faces strong competition from Apple, Samsung, Huawei, Honor, OPPO, vivo and Transsion in phones and from BYD, Tesla, Geely and others in cars, plus geopolitical and market-access risk as a Chinese company selling worldwide.
Lei Jun is the Founder, Chairman, and Chief Executive Officer of Xiaomi, having led the company since establishing it in April 2010.
Lei Jun was a legendary software executive in China, serving as CEO of software giant Kingsoft (which he took public in 2007), founding early e-commerce site Joyo.com (sold to Amazon in 2004), and running angel fund Shunwei Capital.
Lu Weibing is the President of Xiaomi Corporation and head of the smartphone division, having joined in 2019 to successfully expand the Redmi brand and oversee international sales operations.
Lin Bin, former engineering director at Google and engineering manager at Microsoft, co-founded Xiaomi with Lei Jun and serves as Vice Chairman of the Board.
In Xiaomi's early years, Lei Jun wore black shirts and jeans at product keynotes and demonstrated immense charismatic showmanship; however, he soon distinguished himself with his own distinct business philosophy.
In 2021, Lei Jun committed to personally leading the automotive division, declaring that his entire personal reputation and legacy were on the line to make Xiaomi's electric vehicle venture a triumph.
Lei Jun famously coined the phrase: 'Even a pig can fly if it stands in the center of a whirlwind,' emphasizing that identifying massive structural macro trends is far more important than working hard in stagnant sectors.
Lei Jun is one of China's most generous philanthropists, donating billions of dollars in Xiaomi shares to Wuhan University, educational foundations, and scientific research endowments.
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