Reborn multinational giant

The initial launch and panic buying of the Mi M1 took only a short day. However, the waves that this brought to the entire domestic mobile phone industry were earth-shaking.

Established mobile phone manufacturers including Huawei, Meizu, Lenovo, etc., have begun to take their previously despised Xiaomi seriously. After all, Xiaomi has only just been founded for a year. Even if his founder is Mr. Lei, they still have enough reasons to believe in the Xiaomi M1 phone. The official sales results of the company will not be too ideal, because no one will buy a mobile phone that has never been seen and touched online!

However, Xiaomi and Xiaomi M1 have used reality and achievements to prove the success of the Xiaomi model to all domestic mobile phone counterparts, and prove that the Internet model can be used as a mobile phone.

For this reason, many mobile phone manufacturers are facing up to Xiaomi, starting to see Xiaomi as a competitor in the industry, and they are also studying whether Xiaomi can learn from it, and whether it can do it like Xiaomi!

Although the sales of 500,000 are not worth mentioning the current sales of tens of millions of units a year by major mobile phone manufacturers, people such as Huawei’s President Ren, BBK’s President Duan and others have already seen the potential. , And began to lay out!

Before, when Xiaomi released MIUI, Huawei also established its own mobile phone operating system EMUI. Now, Mr. Ren intends to let Yu Chengdong, his capable man, take a good look at whether the Xiaomi model is worth learning. If so If so, how should Huawei learn from Xiaomi.

However, Mr. Duan of Backgammon, when he saw Xiaomi’s amazing sales of 500,000 mobile phones a day, he suddenly felt that the spring of the domestic smartphone industry seemed to be coming!

The initial sales of the Xiaomi M1 and the ever-increasing popularity have brought the biggest stone in the heart of Xiaomi founder Lei to the ground, but at the same time, there is still another small stone in Lei’s heart, and This stone is also related to Fang Zhe and Huizhong!

The reason for this stone is due to Xiaomi’s Series B financing some time ago. As the exclusive investor, Huizhong invested USD 200 million in Xiaomi at a valuation of USD 2 billion to get 10% of Xiaomi’s shares. Since then, Huizhong has been in Xiaomi's shareholding has reached the current 19%!

The stones and knots in Mr. Lei's heart also lie in the proportion of Huizhong's shares!

To say something against your heart, Lei always believes that Huizhong’s share of Xiaomi is too high!

Since Mr. Lei joined Jinshan more than ten years ago, he later became the general manager and CEO of Jinshan. Mr. Lei knows the importance of shares, control rights, etc. to the management team and founder of a company.

Over the years, he has also witnessed the three BAT companies that have now grown into giants because of the problems of insufficient equity and control rights of the founders and management team, and various contradictions that have emerged.

From Baidu to Tencent to Alibaba, the first few core founders of almost every company later withdrew from these companies due to various reasons. Therefore, when Mr. Lei founded Xiaomi, his equity in Xiaomi I have always been cautious and extremely cautious in the allocation and control of Xiaomi Company!

But even so, now Xiaomi, after two rounds of financing, still has as much as 19% of the shares, which Huizhong has taken!

Although 19% of the shares do not seem to be much, from the perspective of Xiaomi's shareholder shares ranking, Huizhong has become the second largest shareholder in Xiaomi after itself!

Of course, Mr. Lei also knows that if Xiaomi wants to continue to grow and grow, and if it wants to develop rapidly, it will definitely have more financing in the future, and it is almost impossible for him, the founder of Xiaomi, to account for his own shares in Xiaomi. , Keep above 50%.

It's just that Mr. Lei would rather Xiaomi have a few small shareholders with a small share of shares than Xiaomi has a large shareholder such as Huizhong.

Because this is Xiaomi’s B round of financing, Huizhong has already obtained 19% of Xiaomi’s shares. If in the future, Xiaomi’s C, D, or even E, F and other rounds of financing, Huizhong will once again participate and even If you lead the investment, then Xiaomi's status as the largest shareholder will inevitably shift from itself to Huizhong!

Even if you can achieve the goal of firmly controlling Xiaomi by stripping off equity and voting rights, Mr. Lei still feels a little lumpy and uncomfortable in his heart!

Because he knows that with the prestige and influence of Fang Zhe, Xiaomi's chief adviser, among Xiaomi's veterans and senior executives, if Huizhong becomes the largest shareholder of Xiaomi again, he is likely to fall behind and become an overhead CEO!

Although this is only the darkest and worst side of President Lei's mind, his years of experience in shopping malls and Jinshan's CEO career have kept him vigilant!

However, Mr. Lei and Fang Zhe’s personal relationship is very good. Huizhong has also played a significant role and contribution to the establishment and rise of Xiaomi. Therefore, Mr. Lei is very good about how he should talk to Fang Zhe about this matter. Some tangled!

It's just that Mr. Lei's entangled mood did not last long, so at the dinner party where Xiaomi held the first celebration party, the words of Fang Zhe who took the time to celebrate from his busy schedule were solved!

"Now, as our Xiaomi M1 has created such a good first sales performance, the development of our Xiaomi company is also on the right track. A few days ago, Huizhong once again invested in Xiaomi, which caused a lot of attention in the industry. sound.

Everyone is questioning whether Huizhong really wants to make a mobile phone or just want to participate and consider it from the perspective of return on investment!

I know that our domestic counterparts in the mobile phone industry are worried that Huizhong will make our own mobile phones and that Huizhong will help Xiaomi too much. If this is the case, then we will definitely be targeted by domestic counterparts in the future!

Therefore, I decided to make another clarification to the outside world in two days to show that Huizhong really made an investment because we are optimistic about the future development of Xiaomi!

In addition, one thing I want to tell you here is that in the future, unless it is extremely difficult for Xiaomi, Huizhong will never further increase its holdings in Xiaomi.

This is not only to appease the hearts of other domestic mobile phone industry counterparts, but also for the sake of Xiaomi's development. In the future, if Xiaomi wants to grow up in China and the world, it will inevitably introduce various shareholders, so we Huizhong's pit , It accounts for so much!"

Fang Zhe’s remarks were made during a meal with more than a dozen entrepreneurial veterans at the core of Xiaomi. Think about it when the people at this table gathered together to prepare for the founding of Xiaomi. Even the name of Xiaomi is the chief consultant of Fang Zhe. want.

Nowadays, Fang Zhe deliberately suppressed Huizhong’s shareholding in Xiaomi for the future development of Xiaomi, which moved Mr. Lei and other entrepreneurial veterans of Xiaomi!

Especially Lei President, when Fang Zhe smiled at him with a warm smile, he felt even more that his previous thoughts about Huizhong and Fang Zhe should never have arisen!