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Xiaomi CEO Looks Past Selloff to 5G-Led China Phone Revival

  • Lei Jun’s company plans to expand globally in Europe first
  • It’s grappling with a Chinese slowdown and smartphone plateau
Bloomberg business news
Lei Jun, Xiaomi Corp. founder, chairman and CEO, discusses sales in China, expansion plans in Europe, and revenue.(Source: Bloomberg)
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Xiaomi Corp.’s billionaire co-founder, shrugging off a share slump that wiped $6 billion off its market value in just three days, expects the advent of next-generation wireless to energize demand for its smartphones.