Forbes Asia says Xiaomi's CEO is Businessman of the Year 2014

Forbes Asia says Xiaomi's CEO is Businessman of the Year 2014
Xiaomi has been slowly growing in success for the past four years, with 2014 being an exceptionally strong one for the China-based smartphone manufacturer. With the immensely successful Mi 3 and Mi 4 flagships, the company has become the player to beat for a piece of pie on the Asian markets and has reached the spot of third largest smartphone vendor in the world. For these accomplishments, Forbes Asia has awarded Xiaomi's CEO – Mr. Lei Jun – with the title of Businessman of the Year for 2014.

Mr. Lei isn't done yet, though. He aspires to grow his company to global domination, and while that may or may not be an optimistic goal, it is pretty clear that The Mi has a real shot at making ripples across international markets – with a steady cashflow from its hefty market share in Asia, a continued production of powerful, yet affordable flagships, and its (currently forming) device ecosystem – it definitely has a chance at permeating customers' hearts and minds at a global scale.

Check out the company's latest flagship – the Mi 4 – below. Have you had the chance to play with a Xiaomi product yet? If not – are you itching to get one?


source: Forbes Asia via GSMDome

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13 Comments

1. HugoBarraCyanogenmod

Posts: 1412; Member since: Jul 06, 2014

The way he marketing is 10 times more efficient to those who only throw ads on tv. Together with the killing price, no one can run for survival except Huawei and Lenovo

11. afraaa

Posts: 138; Member since: Oct 23, 2014

yeah yeah yeah...

2. fouadqr

Posts: 326; Member since: Nov 21, 2012

Boo. Without china population xiaomi is nothing

4. Commentator

Posts: 3722; Member since: Aug 16, 2011

What does that matter?

7. aditya.k

Posts: 496; Member since: Mar 10, 2013

Without Earth's population Samsung and Apple are nothing! I'm serious!

12. Chuck007

Posts: 1410; Member since: Mar 02, 2014

China's population AND the number of relatively poor people who can only afford local brands (there are exceptions but it's no doubt the minority). Nothing wrong with that cause Xiaomi does have good pricing but yes, that's how it is.

3. Anshulonweb

Posts: 468; Member since: Feb 07, 2014

3 months of using my $230 xiaomi mi3, i can't think about spending $800-900(price of note 4 and iphone 6 in my country) on a smartphone no matter how good it is....i really love xiaomi and hope it becomes the largest smartphone maker in the world because at the end of the day they deserve it....

5. NexusX

Posts: 613; Member since: May 16, 2013

how does leveraging cheap labor and copying competitors design and retail model and undercutting their competitors to sell smartphones make him a business man of the week?

6. h27_Venom

Posts: 76; Member since: May 16, 2014

I think you didn't read the article its "Business man of the YEAR"... AND as far as labor is concerened almost all the phones are manufactured in china..because of cheap labour.. And for price they dont waste money on marketing...instead they give all that benefit to customer.. and besides their product speaks for itself so they not need marketing..!!

9. shimanto1123

Posts: 105; Member since: Nov 20, 2014

U answered like a boss ...

10. dimas

Posts: 3349; Member since: Jul 22, 2014

Every phone company's having cheap labor in China. All of them are copying each other and undercut their competitors. If you don't like capitalism have a trip to North Korea. Everyone is equal there.

8. kurama.

Posts: 85; Member since: Sep 13, 2014

Seriously China is set to bankrupt the other oems.

13. jack123

Posts: 278; Member since: Jan 07, 2013

MaSter copy of the year?

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