Lei Jun was very energetic at the time, but he was not too satisfied with Xiaomi's stock price, so he blew a bullshit, saying that he wanted to double the profit of those who invested in Xiaomi.
just didn’t expect that the face slapped too fast, and it broke shortly after it went public. Although it rose a little later, it continued to fall. The lowest was in September last year when Xiaomi fell to 8.28. The issue price dropped by 50%+. At that time,
was ridiculed by a group of people on the Internet, saying that this is to make the people who invest in Xiaomi earn twice, obviously it is a loss of half, after all, the market value of Xiaomi has shrunk by more than half.
Of course, along with the decline of Xiaomi, Xiaomi's sales have also encountered a crisis, especially the domestic market, which cannot stop the decline. Xiaomi's ranking even went to No. 5, lagging behind Huawei, OPPO, VIVO, and Apple.
So Lei Jun digs around, formed a "loser alliance", and re-adjusted its strategy. In the case of domestic frustration, focus on foreign markets, and in the case of mobile phone failures, focus on launching AloT products .
The results are also visible, but Xiaomi's performance continues to grow, reaching new highs repeatedly, and at the same time becoming the world's youngest Fortune 500.
Of course, as Xiaomi’s revenue continues to grow, Xiaomi’s share price has also begun to rebound. In more than 11 months this year, Xiaomi’s share price has risen by 200%+, reaching 28.4 Hong Kong dollars at the highest point, and reaching the highest market value. More than 650 billion yuan.
is based on Xiaomi’s issue price of HK$17. It’s not too far from what Lei Jun said at the time. It has already completed about 82%. If it is really the Xiaomi that invested in Xiaomi’s listing, it has already earned 65%. It’s close to making 100%. The next suspense of
is, when will Lei Jun realize his promise and make the people who buy Xiaomi on that day double the profit, can it be completed within 2020?
