Xiaomi Corp celebrated its 10th anniversary with the launch of some new products and the promise from its chief executive officer that it’ll become "a major force in China’s manufacturing sector that no one can ignore” over its next decade.
Co-founder and CEO Lei Jun took the stage on Aug 11 to recount Xiaomi’s history – born as an Internet upstart that disrupted China’s retail status quo – and plot out a markedly different course for its future. "Xiaomi will systematically empower China’s manufacturing industry with Internet know-how,” Lei said. "Smart manufacturing will fuel the prominent growth of Chinese brands.”