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
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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.