Kong-kat Wong

Cofounder, Xiaomi

Search every verified Kong-kat Wong interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Kong Kat Wong, co-founder and vice president of Xiaomi, spoke at Purdue University in 2019 and at the Cyberport Digital Entrepreneur Leadership Forum in 2015. In his 2019 talk, Wong discussed Xiaomi's early strategy of using premium components while pricing its first phone below 2,000 RMB, a move he said shocked the market. He stated that the company took outside funding to create accountability and that Xiaomi must never overcharge customers. Wong also advised against rushing into entrepreneurship and recommended accumulating experience first. In his 2015 keynote, Wong said Xiaomi's marketing budget was "very close to zero" and described the company's business model as not relying heavily on hardware sales. He noted that Xiaomi released updated ROMs weekly and had sold more than 61 million smartphones in the prior year. Wong also stated that Xiaomi had 120 million IoT devices connected, calling it the largest IoT platform in the world. He attributed the company's growth to reevaluating industry value chains and focusing on customer feedback.