Lei Jun is visibly aging
Why the last entrepreneurial venture was also a gamble.
It was something that had to be done.
The first Xiaomi employees are numerous, and relying solely on the mobile phone business is not enough to cover expenses.
Secondly, the mobile phone business has reached its ceiling, and there is basically no chance to impact the high-end market, which belongs to Apple and Huawei.
Thirdly, there is a need for a new industry to take over real estate, and Xiaomi's car venture was born.