Dong Mingzhu won 1 billion in gambling but didn’t want a cent. She would rather gamble again. Can Lei Jun make a comeback?
After the performance of both companies was released in 2018, data showed that the final winner was Gree. In 2018, Gree achieved operating income of 200.04 billion yuan. Compared with Xiaomi's 174.915 billion yuan, Gree's revenue was more than 25 billion yuan more.
Recently, Dong Mingzhu talked about the 1 billion bet at the 40th anniversary meeting of the China Quality Association and said: "Five years ago, I bet 1 billion with Lei Jun, and others always cared about 1 billion for you. No? I said I don’t want to. I hope I can still make a bet with Lei Jun in the next five years.” Lei Jun responded to the relevant media, “Back then, we had no manufacturing experience and made a bet with Sister Dong. She is even more ignorant and fearless, so Sister Dong said, "If you don't want one billion, you can fight with me for another five years."
Lei Jun said, "Just like many people asked me, Whether Xiaomi can surpass Apple, I think every entrepreneur must have such determination, but it takes time and a foundation. I will be more confident in this bet.” Lei Jun also said, “Xiaomi is a very young company. The company has only been established for 9 years and has created many miracles. It is the youngest Fortune 500 company. However, we are still young after all and our foundation is not solid enough.”
When talking about Xiaomi, we cannot avoid it. Mobile terminals, as everyone knows, Xiaomi’s latest second quarter financial report this year shows that the Internet of Things and consumer goods have become the main force driving performance: the Internet of Things business revenue in the second quarter was 14.9 billion yuan, a year-on-year increase of 44%, and the revenue share increased to 29%. Lei Jun explained this phenomenon. Xiaomi laid out the Internet of Things 6 years ago. In the past two years, Xiaomi has launched 186 ecological chain products, which is equivalent to 1 new product every 4 days, covering living rooms, bedrooms, and kitchens. In scenarios such as health care and travel, the process of smart home is further accelerating.