Lei Jun, the founder, chairman and chief executive of Xiaomi, speaks in an interview at the company's Beijing headquarters. Photo: Tom Wang
Lei Jun, the founder, chairman and chief executive of Xiaomi, speaks in an interview at the company's Beijing headquarters. Photo: Tom Wang
Technology

Greed is not good at Xiaomi, as founder caps profit margin on its hardware business at 5 per cent

Xiaomi promises users that it will not earn more than five per cent margin on its hardware products, which range from smartphones to air purifiers

Lei Jun, the founder, chairman and chief executive of Xiaomi, speaks in an interview at the company's Beijing headquarters. Photo: Tom Wang
Lei Jun, the founder, chairman and chief executive of Xiaomi, speaks in an interview at the company's Beijing headquarters. Photo: Tom Wang
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