Xiaomi CEO Lei Jun spoke to Tech In Asia about his company’s commitment to staying in the Chinese market and his decision to avoid an IPO for at least five years, saying that his “focus right now should be on building a world-class phone and business model around Xiaomi, and not worry about the exit just yet.” Jun also said that there are no plans for a Xiaomi tablet, as he feels the market is already “very competitive” because of the iPad.

[Source: Tech In Asia]