Xiaomi CEO returns to Forbes list

Lei Jun, chief executive officer of Xiaomi Corp, has made a comeback into the Top 10 Forbes China Best CEO list 2024, riding the company's successful foray into electric vehicles.

Lei joined other prominent Chinese corporate executives such as Chen Lei and Zhao Jiazhen, both Pinduoduo CEOs, Zeng Yuqun, CEO of EV battery maker Contemporary Amperex Technology Ltd, Wang Chuanfu, CEO of carmaker BYD, and Zhong Shanshan, CEO of bottled water company Nongfu Spring, on the list.

All the 10 companies concerned saw an average stock price increase of 47 percent and a net profit growth rate of 170 percent during the performance evaluation period.