That was in 2011, when LeTV launched its first-generation Internet set-top box. However, a year later, Xiaomi launched its own "Xiaomi Box" priced at 399. So the two star companies then started from this smart TV box market. Smoke began to burn.

The term "Internet of Things" may not sound unfamiliar, but it is somewhat difficult to put our understanding of it into practice. After all, the definition of “Internet of Things” is still somewhat vague. Therefore, it is really difficult for Xiaoyi to explain it simply.

Therefore, Xiaoyi will recently start with a series of short stories about brands and products related to the Internet of Things to let everyone understand the development and application of the Internet of Things.

Therefore, today’s story starts with the story of the two old enemies of the Internet of Things!

In today’s world of TV box heroes, I wonder if you still remember the LeTV TV box that detonated the box market. It was 2011, when LeTV launched its first-generation Internet set-top box. However, a year later, Xiaomi launched its own " Xiaomi Box " priced at 399, so the two star companies that year From then on, the smart TV box market began to ignite smoke.

LeTV was only at its peak from 2013 to 2016. It boldly launched a challenge to the domestic TV industry, an ancient market that had not seen new faces in decades. As a result, LeTV TV, which has grown by 100% every year, sold 9 million units in just over 3 years, directly becoming the number one smart TV brand.

’s glorious performance soon attracted old enemies, and Xiaomi soon caught wind of the trend and entered the smart TV industry. However, Xiaomi followed suit and followed step by step, but was always in the oppressive position of being suppressed. From 2014 to 2016, In 2016, sales volume was less than one-third of LeTV’s for three consecutive years.

At its peak, LeTV’s market value exceeded 150 billion, making it the company with the largest market value in the entrepreneurial sector. It's a pity that kings always fail in their own ambitions. If you take too fast steps, you will always fall. Leshi planned a big picture for himself, and finally got himself into it. The continuous success of

on smart TVs has given LeTV a more ambitious goal. It wants to create a grand ecosystem of "content + platform + terminal + application" in the fields of software, hardware, copyright, etc. to break the boundaries between industries. Form a complete ecological circle. However, the layout of every link requires money. In the end, LeTV’s ecological chain was not fully established, but its capital chain was quickly broken.

Therefore, LeTV’s grand plan ended dismally after the escape of Jia Yueting in 2017.

LeTV’s original market was quickly seized by Xiaomi. The king of that year fell, but Xiaomi overtook it and jumped to the third place in the domestic TV sales list that year. In 2019, Xiaomi TV topped the sales list with sales of more than 10 million units, and surpassed Traditional TV big names Skyworth and Hisense .

html In 2006, in the TV market, Xiaomi overcame the king LeTV, surpassed traditional brands, and achieved a leap from zero to the number one in the industry. This may be regarded as a miracle in the history of Chinese TV. After

reaches the top, I wonder if Xiaomi will miss its old rival LeTV. If we didn't follow closely every step of the way, would we be the leader we are today?

However, Xiaoyi is also very curious. Jia Yueting in the United States has a debt of 70.5 billion to build a car. He doesn’t know when he can realize his dream of building a car. However, it is said that it is and , and his PPT looks really valuable!