The market value of millet evaporated by 200 billion

Lei Jun made headlines again today. This time the headline was made because of an old story. At the Wuzhen conference, Lei Jun talked about his interview with Sohu. Lei Jun said that he went to Sohu to persuade Zhang Chaoyang to invest excellently. But Zhang Chaoyang invited him to Sohu.


However, Lei Jun certainly would not leave Jinshan at that time. In the end, it’s over. In fact, not only Lei Jun, Ma Yun also went to Sohu for an interview. But in the end, Zhang Chaoyang chose Gu Yongqiang instead of Ma Yun. But Ma Yun later said that he went to the interview just to see Zhang Chaoyang.

In fact, Lei Jun is riding a roller coaster this year. After seven years of waiting, he finally succeeded in leading millet to market. It took Lei Jun more than ten years to lead Jinshan City in that year. This time is different from 11 years ago, when Lei Jun discovered that Jinshan had been abandoned by the capital market. At that time, the market value of Jinshan was less than HK$1 billion.

This time, however, millet was popular as soon as it went on the market. Not only are ordinary shareholders chasing millet enthusiastically, but many big men have come forward to support Lei Jun. Li Ka-shing, the richest man in China, is a loyal supporter of Lei Jun. Li Ka-shing bought a lot of millet shares for HK$234 million.

But the invincible Li Ka-shing seems to have lost sight this time. The market value of millet has been as high as HK$480 billion since its launch, but only two months later, the market value of millet has left over HK$200 billion, and the market value of millet has evaporated by HK$200 billion. Li Jiacheng’s investment has also lost more than half.

Li Ka-shing’s investment is made through a foundation. Li Ka-shing once said that all the investments made by the Foundation are personal if they are lost. Li Ka-shing had invested hundreds of millions of dollars in Facebook in 2008 and made more than 20 billion dollars. Li Ka-shing’s failure in this investment can only be recognized by himself.

In addition to Li Jiacheng, Ma Yun, He Xiaopeng and others have subscribed to millet shares. But Lei Jun did disappoint many friends.

But Lei Jun himself did not seem to be affected much. Before his company went public, Lei Jun received a 9.9 billion yuan reward. 9.9 billion is almost equal to millet’s two-year profit. Millet’s profit last year was only 5 billion yuan.

Lei Jun said yesterday that he didn’t want millet to be on the market this year because he thought it would be OK this year, but it would be better in two or three years. However, Lei Jun finally said that he agreed with everyone’s opinion, so he pushed millet on the market this year. I don’t know that everyone convinced Lei Jun, but also said that the 9.9 billion yuan award touched Lei Jun.

Millet started with mobile phones, but the current product line has been very long, from mobile phones to television, then to rice cookers, electric cars, air purifiers, and recently millet launched air conditioning products. Many people think that Lei Jun is constantly bringing forth new ideas, but others think that Lei Jun is not doing his business properly.

This year, although millet has achieved the goal of 100 million mobile phone shipments, the current position of millet in the mobile phone market is not reliable. Mobile phones are one of the fastest-changing markets in the world. The former technology giants Nokia and Motorola collapsed overnight. HTC, which was once very popular at that time, has become unknown nowadays.

Millet is difficult to dominate in the mobile phone market alone, not to mention that there are many strong enemies in the field of household appliances. The accumulation of Gree in the field of air conditioning and the advantages of Beauty in the field of small household appliances are not what Millet can catch up with in two days a day. In fact, millet can hardly make a bull with only a small socket.

At the beginning, millet introduced the socket with USB socket, which won the popularity of the market. But after the bull refused to process millet, the bull introduced its own socket with USB socket, and soon updated the new product. The bull’s advantage in the field of sockets is not something millet can shake.

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