In an irony likely not lost on executives in Cupertino, at a time when China is becoming Apple's chief market, a Chinese smartphone maker is earning the reputation as the 'Apple of the East.'
Xiaomi, which makes Android-powered lookalikes of the iPhone, is led by a young, brash and wealthy CEO who appears to be the second-coming of Steve Jobs.
From his jeans and dark shirt wardrobe to his company's $1 billion balance sheet, Xiaomi's Lei Jun, sees Apple as the template for moving China from the cheap rip-offs of yesterday to the Fortune 500 of tomorrow, according to a New York Times profile published Wednesday...