Lu Weibing: Two Key Challenges for Xiaomi’s Future – Competition Never Ends

Following the release of Xiaomi Group’s Q1 earnings, Xiaomi Group’s partner and president, Lu Weibing, engaged in a frank discussion with investors.

Addressing investor concerns about the challenges that lie ahead for Xiaomi, Lu Weibing highlighted two key areas of focus.

Firstly, the potential risk of Xiaomi drifting away from its core values and losing touch with its user base as the company expands in both business scope and organizational scale.

Secondly, the imperative to ensure that Xiaomi’s management system continues to evolve and scale in line with its rapidly growing business operations.

Notably, Lu Weibing did not identify external competition as a primary challenge in his response. Instead, he invoked the ancient Chinese proverb “Victory lies within oneself, the chance of victory lies with the enemy.” This perspective underscores Xiaomi’s belief in focusing on internal cultivation and improvement, rather than being overly consumed by external rivalry.

This stance reflects Xiaomi’s confidence in its own strength and its commitment to prioritizing internal optimization and the user experience.

Furthermore, the recent strong performance of Xiaomi’s automotive division, including the delivery of over 28,000 vehicles in May, and the considerable attention and anticipation surrounding the YU7 model, have further validated Xiaomi’s product prowess and the success of its brand strategy.

Lu Weibing attributed these achievements to the strength of Xiaomi’s core values, unique operational model, and the company’s established methodologies.