Lei Jun

Léi Jūn
Lei Jun and Indian prime minister Modi in India
Native name 雷军
Born (1969-12-16) 16 December 1969
Xiantao, Hubei, China
Residence Beijing, China
Alma mater Wuhan University[1]
Occupation Founder, Chairman and CEO of Xiaomi Inc[2]
Chairman of Kingsoft
Chairman of UCWeb Inc.
Chairman of YY.com[3]
Known for Founding Xiaomi Inc[2]
Net worth Increase US$19.7 billion (2017)[1]
Spouse(s) Zhāng Tóng (张彤)
Children 2[4]
Website Lei Jun's Blog

Lei Jun (simplified Chinese: 雷军; traditional Chinese: 雷軍; pinyin: Léi Jūn; Mandarin pronunciation: [lěi̯ tɕyn]; born 16 December 1969) is a Chinese billionaire entrepreneur who founded Xiaomi Inc, one of the largest mobile phone makers in the world.

Biography

Lei was born on 16 December 1969 in Xiantao, Hubei, China. In 1987, he graduated from Mianyang Middle School and began attending Wuhan University, where he completed all credits within two years and graduated with a BA in computer science. He also started his first company during his last year in college.[1]

In 1992, Lei joined Kingsoft as an engineer, becoming the CEO of the company in 1998 and leading it towards an IPO. On 20 December 2007, he resigned as president and CEO of Kingsoft for "health reasons".[5]

After resigning from Kingsoft, Lei became a prolific angel investor in China, investing in over 20 companies including Vancl.com, UCWeb, and social platform YY.[6] He continues to invest in companies in the ecommerce, social networking, and mobile industries through Shunwei Capital (Chinese: 顺为资本), an investment company for which he was a founding partner.[7]

In 2000, Lei founded Joyo.com, an online bookstore, which he sold for USD$75 million to Amazon.com in 2004.[8]

In 2008, he became a Chairman of UCWeb.[9]

In 2011, he rejoined Kingsoft as Chairman.

In 2013, Lei Jun was appointed a delegate of the National People's Congress.

In 2014, he was named Businessman of the Year by Forbes.[10]

Xiaomi

On 6 April 2010, Lei Jun founded Xiaomi Inc, a technology company that manufactures smartphones, mobile apps, and other consumer electronics.[11] His cofounders include Lin Bin, vice president of the Google China Institute of Engineering; Dr Zhou Guangping, senior director of the Motorola Beijing R&D center;YanJiahui, department head of industrial design at the University of Science and Technology Beijing; Li Wanqiang, general manager of Kingsoft Dictionary; Wong Kong-Kat, principal development manager; and Hong Feng, senior product manager for Google China.

The company has created a diverse portfolio of products, ranging from phones, tablets, TVs, routers, power banks, and earphones, to air and water purifiers and even robot vacuums and scooters. [12]

By the end of 2014, Xiaomi had raised more than $1 billion and was valued at $45 billion. [13]

Lei Jun and his company Xiaomi Inc have already invested in more than 70 start-up companies and plans on investing in more so as to help Xiaomi Inc expand and grow its ecosystem exponentially.[14]

Chinese smartphone giant, Xiaomi, is expected to raise $10 billion at a valuation of $100 billion IPO in Hong Kong. [15]

Recognition

Lei Jun's business activities have been recognized through multiple industry awards.

In 1998, he was named an honorary professor at Wuhan University, his alma mater, where there is also a scholarship in his name.

In 2003, he was named an honorary professor at the Zhengzhou Institute of Engineering.[16]

In 2012, he was selected by China Central Television as one of the top 10 business leaders of the year.

In 2013, he was named one of the 11 most powerful business people in Asia by Fortune as well as most notable entrepreneur by BAZAAR Men’s Style.[17]

In 2014, he was named Businessman Of The Year by Forbes Asia.[18]

Personal life

Lei Jun is married to Zhang Tong. They have two children.[1][19]

References

  1. 1 2 3 4 Lei Jun, Forbes, 5 March 2014, archived from the original on 21 February 2014, retrieved 5 March 2014
  2. 1 2 Xiaomi Management, Xiaomi Tech, 5 March 2014, archived from the original on 2 January 2014, retrieved 5 March 2014
  3. ↑ Lei Jun, CrunchBase, 5 March 2014, archived from the original on 20 February 2014, retrieved 5 March 2014
  4. ↑ Lei Jun Net Worth, TheRichest, 5 March 2014, archived from the original on 6 March 2014, retrieved 5 March 2014
  5. ↑ "Chinese Billionaire Lei Jun's Long, Twisting Road At Kingsoft". Forbes. 19 July 2012. Archived from the original on 8 September 2017.
  6. ↑ "Meet Lei Jun: China's Steve Jobs Is The Country's Newest Billionaire". Forbes. 22 June 2015. Archived from the original on 6 September 2017.
  7. ↑ "Here's why Xiaomi is China's most important tech company". Tech In Asia. 19 December 2014. Archived from the original on 11 January 2015.
  8. ↑ "Amazon.com to Acquire Joyo.com Limited". Amazon. 19 August 2004.
  9. ↑ "Alibaba, UCWeb Team Up In Mobile Search". Forbes. 28 April 2014. Archived from the original on 8 September 2017.
  10. ↑ "Forbes Asia Names Lei Jun As Businessman Of The Year In 2014". Forbes. 4 December 2014. Archived from the original on 6 September 2017.
  11. ↑ management, Xiaomi Tech, 5 March 2014, archived from the original on 2 January 2014, retrieved 5 March 2014
  12. ↑ Inside Xiaomi's plan to dominate the connected world, Mashable, 21 April 2016, archived from the original on 27 March 2017, retrieved 26 March 2017
  13. ↑ venture capital, Recode, 29 December 2014, archived from the original on 27 March 2017, retrieved 26 March 2017
  14. ↑ "Lei Jun: Xiaomi will invest in 100 more startups". Tech In Asia. 22 June 2015. Archived from the original on 22 June 2015.
  15. ↑ "Xiaomi officially files for Hong Kong IPO to raise a reported $10 billion". TechCrunch. 3 May 2018. Archived from the original on 18 May 2018.
  16. ↑ "金山公司总裁兼CEO雷军". Sina. 28 October 2004. Archived from the original on 8 October 2017.
  17. ↑ "13 things you didn't know about Xiaomi's Lei Jun". Manufacturing Global. 22 June 2015. Archived from the original on 22 June 2015.
  18. ↑ Flannery, Russell (3 December 2014). "Xiaomi's Lei Jun Is Forbes Asia's 2014 Businessman Of The Year". Forbes.com. Archived from the original on 11 September 2017.
  19. ↑ "Lei Jun and his wife donate money to university". Sohu. 22 October 2016. Archived from the original on 4 October 2017.
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