Lei Jun lost the 1 billion bet. _ NetEase Smart Blog

Source I Netease Technology Author I Jingzhi Yesterday, Xiaomi released its 2018 financial report. This is the first annual report since Xiaomi went public. It also happens to be the day when Lei Jun and Dong Mingzhu’s “1 billion bet” expires. If the Gree performance forecast data is not unexpected, Lei Jun will lose the bet with a difference of more than 20 billion yuan. But after the financial report, Lei Jun’s open letter can vaguely feel that Lei Jun is quite satisfied with this annual report. More importantly, he used the word “proud” to express that the comprehensive after-tax net profit rate of Xiaomi’s hardware in 2018 was Positive, less than 1%, fulfilling the pre-listing promise: Xiaomi’s comprehensive hardware after-tax net profit rate will never exceed 5%. Lei Jun lost to Dong Mingzhu, but fulfilled his promise. lost to Dong Mingzhu Lei Jun and Dong Mingzhu won the 2013 China Economic Person of the Year selection. With the attention of the people across the country, Dong Mingzhu and Lei Jun made a bet: bet on whether Xiaomi’s sales could surpass Gree Electric Appliances within 5 years, and the bet was upgraded to 1 billion. At that time, Xiaomi’s revenue…