I think it counts, because Gree and Xiaomi also made a fortune because of the bet, and the two companies borrowed such an opportunity to motivate their own employees and promote their own companies, so even if Lei Jun didn't pay a billion dollars in the end, then it's a good thing for both Gree and Xiaomi.
In 2013, Dong Mingzhu and Lei Jun bet a billion dollars on who would have a higher turnover after 5 years, and eventually Gree won. But interestingly, Dong Mingzhu also publicly said that the 1 billion bet with Lei Jun has ended, and the result is known to everyone. 1 billion I do not want, but also want to bet with Lei Jun 5 years . For this, millet chairman Lei Jun responded: "I think we can try".
And we can all see, in fact, millet's development is very rapid, although said within five years did not catch up with Gree, but if the time is six years, then millet is sure to win. So now Dong Mingzhu suddenly proposed to continue to gamble is also in order to make their own company development better, because only such a means can be very good to promote the development of the company.
And Gree mainly rely on air conditioning, air conditioning industry in recent years, high-speed growth, benefited from the real estate, but also benefited from the consumer upgrading, such as rural areas are now also installed air conditioning. In this process,Geli dumped a lot of peers, become the industry leader, the price sell high, high profits, stable performance, is the capital market superior.
But Dong Mingzhu more than that, had planned for Gree Electric to buy Yinlong new energy vehicles, after the acquisition did not work to own the owner, but also dominated Gree Electric to do auto parts business.
Dong Mingzhu has a lot of diversification and expansion plans, such as doing small household appliances, such as doing cell phones, cell phone business thunder, whether she admits it or not, this investment should have failed.
So I think at the moment Dong Mingzhu is also using this to try to expand his business again, after all, this is really a good opportunity.