The two of them were betting on making progress and it had nothing to do with gambling, so it didn’t count as gambling! At the "2018 China Business Leaders Annual Meeting" held recently, Dong Mingzhu, chairman of Gree Electric Appliances, said in an interview: "The "billion bet" between Lei Jun and I has been won." Why did it win? Dong Mingzhu continued: "Actually, the bet with Lei Jun is meaningless. There is no comparability between the two, because Gree Electric is engaged in the real economy, while Lei Jun's Xiaomi is engaged in the Internet and is asset-light."
“Gree is a national industry player, while Xiaomi is building an Internet company based on the Internet of Things and ecological chain.” Industrial economics critic Hong Shibin believes that, as Dong Mingzhu said, the two are not in the same game. road. Gree and Xiaomi, one is a leading national brand in traditional manufacturing, and the other is the darling of the new economy in the Internet field. The competition between these two star companies has undoubtedly become the focus of media and netizens.
Overall, Xiaomi’s revenue has increased more than three times in the past five years, and Gree has also maintained steady growth. Both companies are growing. In fact, the bet between Gree and Xiaomi has been a reflection of Dong Mingzhu and Lei Jun’s mutual encouragement, mutual promotion, and common progress from the beginning. The fact that both parties can set a 1 billion bet shows that the two people appreciate each other on the road of business. Only real entrepreneurs will do this. Ordinary people will just fight and undermine each other! However, Lei Jun is currently under great pressure. Xiaomi's global shipments of mobile phones are growing sluggishly. In particular, its share of the Chinese market is in jeopardy, with double-digit declines in shipments in China for four consecutive quarters. In May of this year, Lei Jun took over as president of China and established a major appliances division to increase black power and expand the white goods market to share the pressure on mobile phones.
But from another point of view, it is a foregone conclusion that Xiaomi and Gree will become the world's top 500 companies. Maybe the 1 billion bet is just a gimmick to attract everyone's attention. Regardless of the outcome of this bet, from a big perspective From the perspective of the pattern, it is undoubtedly a win-win situation. The two companies fight and strive to develop, bringing more innovation and development power to the enterprise and the industry.