Why Xiaomi and Gree bet 1 billion:
December 12, 2013, in the CCTV 14th China's Economic Person of the Year Award site, as a representative of the manufacturing industry Gree Electric appliances head of Dong Mingzhu, as a representative of the Internet model of Xiaomi's head Lei Jun agreed to a "one billion bets ".
Lei Jun put forward "please the people of the country to testify, within five years, if our turnover to beat Gree, Dong lost me a dollar on the line. Dong Mingzhu shot up, quickly counterattacked: "First, I tell you it is impossible, second, to bet on not a dollar, I bet with you 1 billion."
The end of this year, the showdown is imminent, this late autumn is destined to be unsettled. October 8 Gree announced the third quarter financial results, the announcement shows that Gree Electric is expected to achieve revenue of 149.05 billion yuan to 150.855 billion yuan in the first three quarters of this year, a year-on-year increase of 33.05% to 34.65%. At the same time, on October 10, Lei Jun rushed into the Hurun list of the top ten, naturally benefited from the millet listing of its personal wealth surged 62%, reaching 110 billion yuan.