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

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

Topic |   Technology

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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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