The head of Xiaomi fell through $ 150 million

Head of Xiaomi: The founder and head of the Chinese company Xiaomi Lei Jun (Lei Jun) fell through 1 billion yuan, overestimating the possibilities of his “brainchild”.

At that disputes

It happened in 2013 when Xiaomi was still a young-green company. In a broadcast, on Chinese television channels, Jun met with Dong Mingzhu – head of the company Electric’s Appliances Inc Gree – the largest in China, the manufacturer of air conditioners.

Lei Jun’s no one for language is not pulled, but it is on the whole country, he said that in 5 years the income Xiaomi will be greater than that of Gree.

” Let the whole country will witness, if after five years our revenues exceed revenues Gree, chairman Dong, please pay me one yuan”, – he said then Jun. But the Mingzhu offered to raise rates to 1 billion yuan, and now it is $ 148.4 million.

Perhaps everyone has already forgotten about this dispute, but the other day, Gree published a financial report for 2018. The company’s revenue amounted to 198 billion yuan ($ 29.4 billion), which is almost 20 billion yuan more than Xiaomi.

He recognizes whether Lei Jun defeat and require whether Dong Mingzhu the prize – is still unknown, both companies refuse to comment.

Perhaps due to the fact that gambling is prohibited in mainland China. At the same time, Lei Jun is not in trouble and now he can afford such “expenses”: judging by Xiaomi ’s annual report for the Hong Kong Stock Exchange, over the year he received about $ 1.5 billion and deservedly became the highest paid employee of Xiaomi.

Source: Bloomberg

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