XIAOMI(HK:01810) Xin Lang Ke Ji·2025-09-25 12:16Core Insights - Xiaomi Group's Chairman and CEO Lei Jun held his sixth annual speech themed "Change," discussing the company's evolution and the challenges faced in the automotive sector, particularly with the YU7 model [2] - Lei Jun emphasized the importance of adopting new perspectives and bold experimentation to achieve different outcomes, highlighting Xiaomi's significant achievements that have transformed public skepticism into confidence [2] Company Developments - Lei Jun shared a personal anecdote about his friend Chen Nian, founder of Vancl, who was inspired by the SU7 launch to pivot his company towards live-streaming e-commerce, demonstrating the potential for transformation in business models [2] - Chen Nian's transition to live-streaming e-commerce has proven successful, with Vancl achieving the position of third in men's fashion on Douyin this year, showcasing the effectiveness of adapting to market trends [2]