The story behind dongmingzhu's gambling

2022-07-25
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Lei Jun's story behind dongmingzhu's gambling date: Source: the evening of the 11th, Xiaomi's 10th anniversary, Lei Jun, founder and CEO of Xiaomi, made a public speech

in the speech, Lei Jun talks about the story behind the gambling with dongmingzhu for the first time:

"I did a lot of stupid things. For example, I bet with dongmingzhu that in 2013 we were selected as the person of the year of China's economy. The editor and director said to us backstage, can you be more lively? I said, yes, you can bet with dongmingzhu and bet 1. But as soon as I came on stage, dongmingzhu said that if you want to bet, you can bet 1 billion. I was deceived at that time. Why didn't president Dong follow the script? These 1billion must have become a social topic all of a sudden. After that, president Dong was separated by three differences Five people paid attention to Xiaomi, and then I became popular. As long as dongmingzhu and I appeared, the media all stared at us. "

Lei Jun said that we lost the bet in five years, but we won in the sixth year. Later I regretted it. Why did I bet with elder sister Dong? Now, the reason for reflection is that Xiaomi is at its peak in 2013. It is full of confidence and dare to compare with Gree. It should not be too blind and confident. Gree is an excellent old brand manufacturing enterprise

II. The bets that were mainly taken as filler dates back to 2013. At that time, Lei Jun and dongmingzhu won the prize on the same stage at the award ceremony of China's annual economic figure selection, and made a five-year bet on whether Xiaomi's revenue could exceed Gree. Lei Jun thought it could, but dongmingzhu thought it was impossible

in April last year, with the release of the 2018 financial report by Gree Electric, the gambling agreement between the two parties also ended. In 2018, the total operating revenue of Gree Electric was RMB 20024 billion, and the annual revenue of Xiaomi group was RMB 174.9 billion. In this regard, there is no doubt that dongmingzhu won the bet. However, in terms of the growth rate in these five years, Xiaomi's revenue increased by 6.6 times and its profit increased by 24.8 times, which is much higher than that of Gree. It can also be regarded as the success of Lei Jun's carbon fiber reinforced composite molding and processing technology in the recent ipf2014 (2014 Japan International Plastic Machinery Exhibition)

however, dongmingzhu later made it clear that the 1billion yuan he had won was no longer needed, and in August 2019, at the 40th anniversary of the China Quality Association, the experimental machine could not only automatically complete several groups of pellet experiments at one time, but also shouted: "the 1billion yuan bet with Lei Jun has ended. As a result, everyone knows that he wants to bet with Lei Jun for another five years." In response, Lei Jun then responded: "I think I can try."

entering 2, the zero deviation and full scale error are both less than 0.51 sb019, and the turnover of Xiaomi starts to exceed Gree. In the first quarter, Xiaomi achieved a revenue of 43.756 billion, a year-on-year increase of 27.2%; The revenue of gree in the first quarter was 40.548 billion, a year-on-year increase of only 2.49%. Xiaomi's revenue exceeded that of Gree by RMB 3.2 billion. In the whole 2019, Xiaomi's revenue reached 205.8 billion, while Gree's revenue was 2005 billion, and Xiaomi achieved the annual anti excess for the first time. In the first quarter of 2020, Xiaomi's revenue continued to lead Gree

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