What do you think of Lei Jun s loss to Dong Mingzhu?

Personally, I think this is a very normal thing. As Dong Mingzhu said, Lei Jun's Xiaomi is "asset-light", and Gree is "asset-heavy". The difference is that Gree emphasizes "hands-on" for all kinds of products, and builds its own R&D team and production line; As an Internet company, Xiaomi adopts output technology on many products and produces them "OEM".

So it's normal for Xiaomi to lose to Gree.

Dong Mingzhu once said: "The Internet must be grafted onto entities, products, and manufacturing. Lei Jun is now proposing to go back to innovation, back to products, and on this point, I have won.

So at that time, I bet 1 billion because I firmly believed that our Made in China would definitely rise. ”

From another point of view, Xiaomi can't be considered a loser either. In 2013, when Lei Jun and Dong Mingzhu bet, Xiaomi had not yet been listed, and its annual revenue was about two or three billion yuan; Gree, which has been listed, has an annual revenue of about 120 billion yuan. In other words, it took Xiaomi five years to achieve more than six times the growth of annual revenue, while Gree only doubled.

In fact, there are no losers in this competition, Gree has fallen into a trough, but through transformation, Dong Mingzhu has achieved what he said "will definitely win"; Through innovation, Xiaomi has not only achieved rapid development of itself, but also promoted more "Made in China" to embark on the road of "Created in China" and "Made in China".

I look at it on my phone.

No matter how generous they are, no matter how much they say, they can move their little fingers casually, and they have much more money than you and me.

When the gods fight, of course, mortals only have the qualifications to watch.

I support Lei Jun.

On December 12, 2013, Lei Jun, chairman and CEO of Xiaomi, and Dong Mingzhu, chairman of Gree Electric Appliances, won the award on the same stage at the award ceremony of China's economic figure of the year, which was the highest honor that Chinese entrepreneurs could obtain at that time.

Lei Jun and Dong Mingzhu made a 5-year bet at this event, betting on whether Xiaomi's revenue can surpass Gree, Lei Jun thinks it can be exceeded, Dong Mingzhu thinks it is impossible, and the bet will be given 1 billion yuan if it loses.

Lei Jun recalled that in fact, it was just a joke offstage at that time, and the amount was 1 yuan, but he didn't expect Dong Mingzhu to shout 1 billion directly after he took the stage. "Betting on a dollar is a joke, but 100000000000000000000000000000000000000000000000000000000000 Lei Jun said that since then, he has become an Internet celebrity, and he regrets making a bet with Dong Mingzhu.

In the second year after the expiration of the gambling contract, Xiaomi's revenue surpassed Gree. The final result is known, according to the 2018 financial report, Xiaomi's total revenue that year was 174.9 billion yuan, and Gree's total revenue that year was 198.1 billion yuan.

However, the drama is that in the second year after the expiration of the gambling contract, Xiaomi's revenue in 2019 reached 206 billion yuan, surpassing Gree's 198.2 billion yuan. In this ten-year speech, Lei Jun publicly admitted for the first time that he lost, but did not disclose whether the 1 billion yuan was given to Dong Mingzhu.

It's 2018, Gree is going to win, no need to discuss.

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Text |Chinese businessmen are cautious and absolutely sudden

There is hardly a mobile phone company in the world that can reverse the decline in sales, and Xiaomi has done it!

The headwind turnaround is inseparable from the reflection of Lei Jun and other members within Xiaomi, as well as the strong ability to implement after reflection.

On December 28, 2020, the Xiaomi 11 flagship phone was released, which is also the second time Xiaomi has released a flagship phone this year.

10 months ago, Xiaomi used a Xiaomi 10 to hit the high-end market for the first time and was a great success. Now, the Xiaomi Mi 11 pins its hopes on Xiaomi to pursue the victory and expand the results, and it also has such strength.

Xiaomi went from prosperity to decline to revival, and the famous "1 billion gamble" can be called an important turning point.

In 2013, when participating in the recording of CCTV's annual economic figure program, the director wanted to add some fun to the award ceremony, so in the communication with Lei Jun and Dong Mingzhu, he mentioned that the gambling game between Wang Jianlin and Ma Yun had a good response, and asked them if they wanted to gamble on a game.

In the end, the two discussed a bet in the background, betting on whether Xiaomi's income could surpass Gree within 5 years.

On the stage, Lei Jun threw out a pre-agreed gamble: "Within five years, if our turnover beats Gree, Dong Orange Ruler Mingzhu Dong Zong will lose me a dollar." ”

Dong Mingzhu immediately responded unceremoniously: "I'll bet 10 billion with you." ”

From 1 yuan to 1 billion, Dong Mingzhu, who chatted about hi, did not play cards according to the script. "I didn't take it seriously, but Sister Dong did. I was very depressed," Lei Jun said later.

Sure enough, as soon as the news came out, the 1 billion gambling game became a hot spot in society.

For Lei Jun, "Betting 1 yuan is to liven up the atmosphere; Betting 1 billion is too exaggerated! ”

But I never expected that Dong Mingzhu took the gamble seriously! She has always been outspoken and fast-talking, and has commented on Xiaomi many times on many occasions, and what is even more fatal is that most of the evaluations are negative, which makes Lei Jun very headache.

At the end of 2018, Gree defeated Xiaomi by 174.9 billion yuan with a total revenue of 100 million yuan, and Dong Mingzhu officially won the "billion bet" with Lei Jun five years ago.

Every time he thinks of the bet, Lei Jun regrets it so much, why provoke Dong Mingzhu?

Lei Jun said in Xiaomi's 10th anniversary speech that he regretted and felt guilty when he thought of this bet, "Why do you want to provoke Sister Dong!" Isn't this all self-inflicted! ”

He reflected that it was indeed a bit inflated at the time. "After these five years of betting, I have a deeper understanding of the manufacturing industry, and I also have a deeper understanding of Gree, I think Gree has done a very good job, and I have repeatedly asked my colleagues internally to learn from Gree. ”

When Lei Jun stopped expanding, Xiaomi's estimate began to swell.

In Q3 2020, Xiaomi's global shipments reached a new high, reaching 46.6 million, a year-on-year increase of 45%, which directly drove Xiaomi's market value to exceed 800 billion yuan. After six years, Xiaomi is once again ranked third in the world.

Although Xiaomi did not win the gamble in the five-year period, Xiaomi's revenue later surpassed Gree.

end——

Dong Mingzhu once gambled 1 billion yuan with Lei JunThey made a verbal VAM in 2013 when they were selected as China's Economic Person of the Year. Lei Jun saidIf Xiaomi's operating income in five years exceeds that of Gree, then Dong Mingzhu will pay himself a dollar.

Unexpectedly, Dong Mingzhu responded on the spot, "Don't mention a dollar again, bet on one billion"! For a time, this "1 billion gambling contract" has also become a hot topic in society.

In fact, after the end of 2018, we can see that Xiaomi's turnover is not higher than Gree, but for some reason, Xiaomi has never mentioned this matter, as if he has forgotten the 1 billion gambling contract at that time. People have also said that Xiaomi does not dare to admit it. Finally, at Lei Jun's 10th anniversary speech in recent days, he publicly declared that his 1 billion bet was indeed lost.

In 2018, Xiaomi had a turnover of 170 billion, while Gree had a turnover of 190 billion. But he said a gratifying thing, in 2019, the year after the end of the five-year gambling contract, Xiaomi's turnover reached 200 billion, surpassing Gree's 190 billion.

Bet on whether Xiaomi's sales will surpass Gree Electric Appliances within 5 years, and the gambling capital is 1 billion.

Dong Mingzhu and Lei Jun made a bet that Xiaomi would surpass Gree, but Lei Jun lost and did not fulfill his original promise.

There is a 1 billion big bet, Dong Mingzhu and Lei Jun bet, the content is that after five years, Xiaomi's turnover will exceed Gree's turnover.

A about Lei Jun's Xiaomi mobile phone sales after 10 years, not more than Wang Jianlin's Wanda Plaza sales, if exceeded, Dong Mingzhu to 10 billion Lei Jun, not more than Lei Jun to 10 billion Dong Mingzhu.

Dong Mingzhu and Lei JunDidn't join forces

On September 4, there was a big news in the science and technology circle, that is, Gree Group, Xiaomi Group, and China CITIC Bank signed a strategic cooperation agreement, and the three parties agreed to carry out in-depth cooperation in industry, financial services, industrial investment, project cooperation, and resource sharing. Strong alliance to promote the development of intelligent manufacturing in Zhuhai.

As soon as this news came out, it immediately sparked a discussion, many people would think that Lei Jun and Dong Mingzhu cooperated, and many people also said that in the end, Gree and Xiaomi still joined forces, Dong Mingzhu and Lei Jun finally cooperated, etc., but in fact, Gree Group and Gree Electric Appliances are two different things.

This time, it is Gree Group that has reached a strategic cooperation with Xiaomi, and Dong Mingzhu is Gree Electric Appliances, but Gree Group is a shareholder of Gree Electric Appliances, and Dong Mingzhu also responded before that he helped Gree Group repay hundreds of millions of debts, and Gree Group is only a shareholder of Gree Electric Appliances.

Of course, this time Gree Group and Xiaomi reached a strategic cooperation, Dong Mingzhu should not know in advance, because it has nothing to do with himself, Gree Group is just a Gree Electric Appliance East, so Gree Group and Xiaomi cooperation should not need to go through Gree Electric, so nowMany netizens misunderstand that Dong Mingzhu and Lei Jun are going to join forces, which is a wrong understanding

What is the relationship between Dong Mingzhu and Lei Jun?