Investing in businesses that stand to gain from increased internet access in rural areas is topping the agenda for Lei Jun, the founder of Chinese smartphone vendor Xiaomi. “It’s just like a shoe merchant entering an inhabited island and seeing that no one is wearing shoes,” said Lei, one of the most influential entrepreneurs in China’s technology industries. “It’s a huge market, and everyone is a potential consumer,” he added at a financial forum in Beijing on Friday. Xiaomi was initially derided as an Apple...
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