Reborn multinational giant

The reality is better than imagined, so that Lei and other Xiaomi veterans admire Fang Zhe's vision more, but also have a clearer understanding and confidence in the strength of their own Xiaomi.

However, while recognizing it clearly, Mr. Lei and the other veterans also discovered a headache, Xiaomi, is short of money again!

Although at the end of April, Xiaomi had just completed the A round of 40 million US dollars, which converted a huge financing of nearly 300 million yuan, but this amount of money is not enough for a mobile phone company to even plug the teeth!

Mr. Lei didn’t want to raise more funds. He didn’t want Xiaomi to sell his shares prematurely when the valuation was low. But now, seeing the 2 million pre-sale quota, seeing the official sale date one step forward. As we approached, the IOUs of various suppliers were piled up on Mr. Lei's desk. Mr. Lei understood that if you don't ask for money or raise funds, Xiaomi's capital chain is likely to break!

A company’s capital chain is broken, but it is extremely dangerous and terrible, ranging from the lack of capital turnover, late payment of wages to employees, etc., to the avalanche effect, which plunges the entire company into a great crisis, and the previous life Jobs blows it up. One of the major reasons for the collapse of the LeEco empire was that LeEco’s capital chain had a major problem.

Therefore, after several discussions with other veterans and executives of Xiaomi, Mr. Lei decided to complete Xiaomi's Series B financing as soon as possible!

Xiaomi’s B round of financing, as expected by Fang Zhe, occurred before the official sale of Xiaomi M1, and Huizhong, one of Xiaomi’s shareholders, naturally did his part and hopes to become the main investor in Xiaomi’s B round of financing. Even sole proprietorship investors.

In the A round, Xiaomi has sold 20% of the shares, and in the B round, Lei Zong and Xiaomi, at most 10% of the shares, are already top of the sky. Otherwise, if Xiaomi wants to raise funds in the future, I am afraid that it will not even have any shares. Must sell!

Therefore, although Fang Zhe and Huizhong have a deep relationship and connection with Xiaomi, Fang Zhe still respects Lei Zong and other executives of Xiaomi, and the higher the price is!

The purpose of Xiaomi’s Series B financing is simply because of lack of money. Therefore, which institution gives Xiaomi the highest valuation, and which institution gives the most money for the same Xiaomi shares, will let which institution invest, no matter it is Huizhong , Or another company!

From the beginning of October, less than one month after the pre-sale of Xiaomi M1, the pre-sale quota exceeded 1 million units, Xiaomi has released the news that it intends to raise the B round of financing, the higher the price is!

At that time, Fang Zhe was busy with Huizhong’s Series A financing, but he was very concerned about the Xiaomi company, so he also seriously urged and asked Huizhong’s investment department to pay attention and follow up on this. In the past few months, in the market and investment banking circles, the valuation of Xiaomi has been rising all the way!

Since the release of Xiaomi M1, Xiaomi’s valuation has doubled from 200 million U.S. dollars when Huizhong invested in April to 400 million U.S. dollars. After that, the first day of pre-sale of Xiaomi M1 exceeded 500,000 units, and Xiaomi’s valuation has increased One floor grew to 600 million U.S. dollars. After the pre-sale of Xiaomi M1 exceeded 1 million units, Xiaomi's valuation rose to 800 million U.S. dollars, and now it has exceeded 2 million units, and the valuation has reached a new peak to 1 billion U.S. dollars!

In half a year, Xiaomi’s valuation has doubled from 200 million U.S. dollars to 1 billion U.S. dollars. This growth rate has shocked everyone who pays attention to Xiaomi in the investment banking circle, the Internet industry, and the mobile phone industry!

The valuation of Nima Xiaomi has increased, almost as if it were a rocket, and it is almost as good as Huizhong, one of the shareholders behind it!

At the same time, many people in the Internet industry are deeply impressed by Fangzhe and Huizhong's investment in Xiaomi!

What is vision?This is called vision. At the beginning, Huizhong invested 20 million US dollars in Xiaomi at a valuation of 200 million U.S. dollars to get 10% of Xiaomi’s shares. To the rich and willful fun!

In particular, Fang Zhe, the founder of Huizhong's legend, said that "Xiaomi’s entrepreneurial team is worth 100 million US dollars" has become a frequent ridicule of many peers in the domestic investment banking circle and the Internet industry:

"Why, your company is so good, the team can be worth 100 million?"

"Why, our company's entrepreneurial team is from Yan University and Tsinghua University 211, isn't it worth 10 million?"

The joke belongs to the joke, and the ridicule belongs to the ridicule. When Xiaomi’s valuation doubled from 200 million U.S. dollars to 400 million U.S. dollars, many people who had ridiculed before began to feel that Fang Zhe and Huizhong were not so mindless, at least This investment is not a steady profit!

When Xiaomi’s valuation rose from 400 million to 600 million, 800 million, to the current 1 billion US dollars, these people have completely shut their mouths, and even turned into self-deprecating, hehe, the legendary Fang Da boss is also your partner. Mocking?

The 20 million US dollars that Huizhong invested in Xiaomi at the time is now worth 100 million US dollars, 80 million US dollars in half a year, and 500% return on investment. Even the usury among usury loans is not so profitable!

Therefore, when Xiaomi's B round of financing began, all investment institutions and funds that had some spare money, ability and funds, all targeted Xiaomi!

From 200 million U.S. dollars to 1 billion U.S. dollars, each investment institution and capital continued to give higher valuations of Xiaomi, and the Huizhong Investment Department, which was ordered by Fang Zhe, sat down on the Diaoyutai leisurely and watched them make a fuss. !

Huang Siyi, the person in charge of Huizhong Investment Department, has long released the 10% shares of Xiaomi’s B round financing as his own company’s pocket. Gein’s boss Fang Zhe said to him at the beginning: "Can give 10 billion U.S. dollars!"

"Puff!" Huang Siyi, who heard the big boss's words at the time, almost stood up without being excited.

"10 billion U.S. dollars! Oh my god, is the big boss crazy, giving Xiaomi a valuation of 10 billion U.S. dollars, is it worth it?"

Huang Siyi didn't dare to ask this directly, but he knew that even if he asked it, the big boss would definitely say: "Worthy!"

The vision of the big boss can be regarded as a legendary existence in the entire Huizhong Company and even in the domestic and even global investment circles.

In the past, Huizhong and Big Boss’ own Zhongying Capital invested in large and small startups around the world, and almost none of them lost money. Of course, what Huang Siyi believes that losing money refers to the devaluation of the invested company. Children are generally in reliable startup companies, and it is unlikely to happen.

What really admired Huang Siyi was the growth rate of these companies. It was nothing more than Huizhong, founded by the legendary boss, Fang Zhe. It only took two years to achieve a valuation of 45 billion US dollars from scratch.

However, the large and small startups invested by Huizhong and Zhongying Capital, their growth rate and valuation growth rate are the same as those of rockets, and they will double in a year and a half or even a few months!Xiaomi, which the big boss is bound to win right now, is the best proof!

Where is Xiaomi worth 10 billion dollars? It is worthy of the big boss's attention. Huang Siyi doesn't know, but Huang Siyi knows that other greedy investment institutions and capital from the outside world, even if they increase the valuation of Xiaomi frantically, they cannot have their own. Crazy boss?

1 billion dollars?Can it rise faster? Seeing that the Mi M1 is about to be officially released, Mr. Lei is waiting very anxiously!

Without exception, the last investor who won the exclusive investment quota for Xiaomi’s Series B financing was Huizhong, and Huizhong’s quotation for Xiaomi’s valuation was US$2 billion, which was directly doubled from the noisy outside world’s US$1 billion. Fan!

What is rich and willful?This is called being rich and willful!

On December 5, half a month before the official launch of Xiaomi M1, Xiaomi completed a Series B financing valued at US$2 billion, while Huizhong took a 10% stake in Xiaomi at a price of US$200 million. Zhong's shareholding ratio in Xiaomi has also increased from 10% to 19%!

After receiving the money, Xiaomi has paid off the debts owed by various suppliers, and at the same time it has used its full horsepower, waiting for the official release of Xiaomi M1 to deliver mobile phones to users!

On December 22, the fourth month after the release of Mi M1, Mi M1 was officially launched!