2026-09-14
No. 15 on the greatest product managers list: Lei Jun — he never invented a single category
In 2025 Xiaomi delivered 411,082 electric vehicles; the auto segment booked RMB 106.1 billion in revenue, up 223.8% year on year, and RMB 0.9 billion in operating profit — positive for the first time. Group revenue was RMB 457.3 billion and adjusted net profit RMB 39.2 billion. Lei Jun ranks 15th at 92.70, and originality 89 is the lowest of his six scores. This explains that number: every category he entered already existed, and his real skill is the speed with which he copies one playbook into the next.
