Once touted the 'Steve Jobs of China', Xiaomi founder Lei Jun has not gotten a lot of love from the media lately. Last year, Xiaomi only sold 70 million smartphones, down 30 million from their goal of 100 million. On top of that, instead of pushing out innovative products, the company has been bogged down in a bizarre smorgasbord of devices, from rice cookers to electronic mosquito repellent.
Still, the $45 billion company - king of shanzhai, master of the flash sale model - has certainly left its mark on China and the world.
Hear me discuss the "X" in BATX with Bernard Leong on the latest episode of Analyse Asia and stay tuned for Part 2!