Smartphone Market Disruptor Xiaomi Ranks No. 1 In China And No. 3 Globally: What's Next?

Lei Jun, named today as Forbes Asia’s 2014 Businessman of the Year, leads the team that in only four years has turned Xiaomi into China's No. 1 smartphone vendor, topping Apple and Samsung. Success at home helped Xiaomi catapult into the No. 3 spot globally in smartphone shipments in the third quarter. What’s next for Xiaomi? Who is losing from its rise?