Xiaomi smartphone chief predicts ‘Chinese companies will lead world in future’
Vote of confidence in China's 'go-global' drive from phone maker that has Apple in its sights
Xiaomi boss Lei Jun , whose company aims to surpass Apple as the world's top-selling smartphone maker within the next 10 years, says many Chinese companies have the potential to become world leaders in their field.
Li, who is also the chairman of the company, gave a vote of confidence to the mainland's "go-global" drive to invest abroad.
"The key to success lies in product quality - convincing customers to buy what they have created."
Xiaomi, the top-selling smartphone brand on the mainland, has set a target of selling 100 million units this year.
This is part of Lei's plans to develop the company into the world's top-selling brand.
At the moment it is in third, behind Apple and Samsung.
"We hope to be the leading smartphone brand within 10 years," said Lei, a representative on the NPC.
"We are focusing now on making smartphones, but our ultimate goal is to create an ecosystem that can support the growth of smartphone businesses and other sectors related to the use of smartphones."
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Lei founded Xiaomi in 2010. Since then the company has achieved rapid growth and global prominence.
It has a presence in seven markets, including the United States and India.
In China, Xiaomi is widely regarded as an upcoming rival to Apple.
Last month, the company announced plans to expand into the US, but said it would sell only accessories.
"We'll take a gradual approach to tapping into global markets," Lei said.
"We want to see stable growth after five years of rapid growth since the company's establishment."
He added that Xiaomi would not be launching an initial public offering to raise fresh funds within the next five years.
