Lei Jun of handset maker Xiaomi turned 46 yesterday. Here are 10 fun facts

Chinese sometimes refer to Lei Jun as the “Steve Jobs of China,” because of his dynamic personal leadership style and, perhaps oddly, his fashion sense. But like Apple, Xiaomi has a cult fan following and intense brand loyalty in China.
Lei Jun, founder and Chief Executive Officer of China's mobile company Xiaomi, shows Mi Notes at its launch in Beijing January 15, 2015. China's Xiaomi Inc staked its claim to Apple Inc's crown on Thursday as the world's third-biggest smartphone maker and most valuable tech start-up unveiled the flagship Mi Note, its challenger to Apple's iPhone 6 Plus. REUTERS/Jason Lee (CHINA - Tags: SCIENCE TECHNOLOGY BUSINESS TELECOMS) - RTR4LHWQ
Lei Jun, founder and Chief Executive Officer of China’s mobile company Xiaomi, shows Mi Notes at its launch in Beijing January 15, 2015. China’s Xiaomi Inc staked its claim to Apple Inc’s crown on Thursday as the world’s third-biggest smartphone maker and most valuable tech start-up unveiled the flagship Mi Note, its challenger to Apple’s iPhone 6 Plus.

Lei Jun celebrated his birthday on Dec. 16. He turned 46.

Lei Jun and De Liu created Xiaomi in April 2010, but in just five years their little startup has transformed into a $46 billion smartphone and electronics appliance juggernaut.

Xiaomi is vying for supremacy in its home turf with compatriots Huawei and Lenovo, not to mention global super players Samsung Electronics and Apple. In China it is the second largest smartphone maker after Huawei and, on the world stage, it is ranked No. 5 after Samsung and Apple, and then Huawei and Lenovo, depending on how you parse market share.

Chinese sometimes refer to Lei Jun as the “Steve Jobs of China,” because of his dynamic personal leadership style and, perhaps oddly, his fashion sense. But like Apple, Xiaomi has a cult fan following and intense brand loyalty in China. Here are 9 fun facts about one of China’s tech super-heroes:

  1. Jun founded his first business in 2000, Joyo.com, an online bookstore, which he sold to Amazon.com for over $75 million in 2004. He’s got the Midas touch!
  2. Jun graduated with a bachelor’s degree in engineering from Wuhan University in 1987. But Steve Jobs never graduated from college.
  3. Before Xiaomi, he was CEO of King Soft, now China’s largest office suite developer, for 10 years. He is still chair of King Soft. Busy bee!
  4. While China is not well known for customer service, it is said that Jun took it so seriously that he studied Chinese hotpot chain Haidilao and famed US retailer Wal-mart.
  5. Since Xiaomi is reknown for its savvy marketing, it is no wonder that Jun is said to believe social networking, mobile and e-commerse are the future. That sounds like Steve Jobs, too!
  6. Jun famously accepted investor Yuri Milner’s ALS ice bucket challenge. But Jun then one upped Milner by calling out Hong Kong superstar Andy Lau, Foxconn Chairman Terry Gau and Baidu founder Robin Li. What a nice guy!
  7. Jun could very well be one of the most prolific angel investors in China. He has invested in over 20 startups, including Yu Jin Hui’s cosmetic venture group. Cunning business smarts.
  8. Big shot Jun is ranked at No. 4 on China’s Rich People’s list and No. 16 on a list of the richest people in tech, according to a Forbes ranking of Chinese business notables.
  9. Jun has been valued at a personal net worth of over $13 billion. That’s a lot.
  10. Brainy Lei Jun’s childhood hobby was building home radios. What a nerd!

 

 

 

 

Samsung underscores austerity in promotions, taps 1st female VP in battery division

Reporters check out Samsung TVs at a trade show.
South Korean tech giant Samsung Electronics does annual corporate reshuffles of its high-level executives in December.
Samsung Group highlighted the promotions of women executives and foreign nationals on Friday as it round off its annual reshuffle but, most of all, underscored austerity with just 294 executive promotions total the fewest in seven years.

The lower number of the promotions ― down from 353 in last year’s reshuffle and the lowest since 2009 ― signals the drive of Lee Jae-yong, vice chairman and scion of the Samsung founding Lee family, to streamline the conglomerate’s myriad businesses and cull its top-heavy corporate structure in order to refocus on troubled electronics businesses.

Samsung’s has faced trouble over the last two years in its mobile division. Even though the Galaxy S6 and Note 5 were well received by critics, the handsets failed to beat back a resurgent Apple and increasing competition from rising Chinese makers of low-end smartphones such as Huawei and Xiaomi.

Samsung Group highlighted the role of women and foreign nationals in this year’s annual executive promotions, according to a press release. “Many women executives at several divisions distinguished their outstanding capabilities and strengths. They will be role models for younger women.”

 

Kim You-mee, executive vice-president of Samsung SDI
Kim You-mee, executive vice-president of Samsung SDI

 

 

 

 

 

 

 

 

 

 

 

 

Nine women were promoted to senior executive positions, including one to vice-president. The global tech giant has made it policy for the past several years to diversifying its top brass to include foreign nationals and women. That’s down from 14 in 20125 and 15 in 2014.

“Samsung promoted executives who had achieved great performance, and tried to keep the growth momentum by promoting executives in a wider range of fields to include women and foreign nationals,” the conglomerate said in the press release.

The promotion of Kim You-mee as executive vice-president injects fresh blood into the Samsung’s battery affiliate. The 57-year-old Kim is one of just five executive VPs and the first female to join the exclusive top echelon of the Samsung affiliate. She joined Samsung SDI in 1996.

She previously headed development of small-sized and EV batteries, and will serve as one of CEO Cho Nam-seong’s key lieutenants in growing the affiliate as a global battery supplier.

Of the 294, a total of 29 executives were made executive vice presidents, 68 became senior vice presidents, and 197 vice presidents. The number of promotions has been steadily declining since a high of 501 in 2011.

South Korea office suite developer Hancom deepens ties with China’s King Soft

 

Lee Hong-koo, right, CEO of Hancom poses with China's King Soft CEO Lei Jun, who is also CEO of handset maker Xiaomi.
Lee Hong-koo, right, CEO of Hancom poses with China’s King Soft CEO Lei Jun, who is also CEO of handset maker Xiaomi.
South Korean office suite developer of Korean language programs Hancom inked another MOU with Chiense software behemoth Kingsoft to futher develop cloud computing based office software for the CHinese market on Dec. 17.

The two companies agreed to do more software exchanges and cooperation for advanced work processing programs for PC, tablets and smartphones.

This came on top of an MOU in August in Beijing to cooperate on building a web-based office solution and to explore other overseas markets, markets besides Korea and China (perhaps Japan and Southeast Asia??).

It signifies business cooperation between the two leading office software companies, which will certainly affect the global markets. Hancom is Korea’s largest office suite developer and KingSoft is China’s.

Xiaomi CEO and chairman Lei Jun doubles as chairman of KingSoft, and the company reportedly plans various joint projects with Hancom and to launch joint software solutions, as well as R&D, strategic overseas investment and M&As.

 

Hancom also recently bought a Belgium-based software company that specializes in enterprise PDF word programs. iText Group NV’s software allow companies to change their data on servers and web browsers into PDF files. It has been distributing open-source PDF technology and earning a profit by licensing these. It has supplied its solution to HP and GE Healthcare, who are among 3,000 of its enterprise clients.

Hancom says it wants to use iText’s brand value and clientele to expand globally. It will create new products using the PDF solution while approaching iText’s clients with its own.