Chapter 373

The reality is better than expected, which makes Lei and other Xiaomi elders not only admire Fang Zhe's vision, but also have a clearer understanding and confidence in the strength of their own Xiaomi.

However, while recognizing it clearly, Lei and other elders also found a headache. Xiaomi is short of money again!

Although at the end of April, Xiaomi had just completed the round a financing of US $40 million, which was converted into RMB nearly 300 million, this money was not enough for a mobile phone company to plug its teeth!

Mr. Lei doesn't want to get more financing. He doesn't want Xiaomi to sell its shares at a low valuation too early. But now, seeing the 2 million pre-sale quota and the official sale date approaching, the ious of various suppliers are stacked on Mr. Lei's desk. Mr. Lei understands that no change, no financing, Xiaomi's capital chain, It's likely to break!

The capital chain of a company is broken, but it is extremely dangerous and terrible. At least, the capital turnover is not over, the employees pay late, etc. at the same time, it leads to the avalanche effect, which plunged the whole company into a great crisis. A big reason for the collapse of LETV Empire blown by jabbs in the previous life is that there are big problems in LETV's capital chain.

Therefore, after many discussions with other veterans and senior executives of Xiaomi, President Lei decided to complete Xiaomi's round B financing as soon as possible!

Xiaomi's round B financing, like in previous lives and as Fang zhe expected, occurred before the official sale of Xiaomi M1. Huizhong, as one of Xiaomi's shareholders, naturally takes the responsibility and hopes to become the main investor or even sole investor of Xiaomi's round B financing.

In round a, Xiaomi has sold 20% of its shares. In round B, Lei and Xiaomi have taken up at most 10% of their shares. Otherwise, Xiaomi will not be able to sell even its shares if it wants to finance later!

Therefore, although Fang Zhe and Huizhong have a deep relationship and connection with Xiaomi, Fang zhe still respects the meaning of Lei Zong and other executives of Xiaomi. The one with the highest price will win!

The purpose of Xiaomi's round B financing is to put it bluntly because of the lack of money. Therefore, which institution gives Xiaomi the highest valuation and which of the same Xiaomi shares gives the most money, let which institution invest, whether Huizhong or other companies!

From the beginning of October, after the pre-sale of Xiaomi M1 was less than one month and the pre-sale quota exceeded 1 million units, Xiaomi released the news that it intends to carry out round B financing, and the one with the highest price will get it!

At that time, although Fang zhe was busy with Huizhong's round a financing, he was naturally very interested in Xiaomi company he was very concerned about. Therefore, he also earnestly urged and entrusted Huizhong investment department to pay attention to and follow up the matter in detail. Over the past few months, the valuation of Xiaomi has been rising all the way in the market and investment banking circles!

Since the launch of Xiaomi M1, the valuation of Xiaomi has doubled from US $200 million invested by Huizhong in April to US $400 million. Then, the pre-sale of Xiaomi M1 exceeded 500000 units on the first day, and the valuation of Xiaomi has increased to US $600 million. After the pre-sale of Xiaomi M1 exceeded 1 million units, the valuation of Xiaomi has risen to US $800 million and now exceeded 2 million units, The valuation will climb a new peak to $1 billion!

In half a year, Xiaomi's valuation increased fivefold from US $200 million to US $1 billion. This growth rate surprised all those who pay attention to Xiaomi in the investment banking circle, the Internet industry and the mobile phone industry!

The increase in the valuation of NIMA Xiaomi is like being a rocket, just like one of the shareholders behind it!

At the same time, many people in the Internet industry also deeply admire Fang Zhe and Huizhong's investment in Xiaomi!

What is vision? This is called vision. At the beginning, Huizhong invested US $20 million in Xiaomi with a valuation of US $200 million and obtained 10% of the shares of Xiaomi. People outside the world also felt a little incredible about the overestimation of Xiaomi and felt rich and capricious about the investment behavior of Huizhong!

In particular, Fang Zhe, the founder of Huizhong legend, said that "Xiaomi's entrepreneurial team is worth US $100 million", which has become a common joke of many peers in the domestic investment banking circle and the Internet industry:

"Why, your company is so good that the team can be worth 100 million?"

"Why, the entrepreneurial teams of our company are all from Yanda Tsinghua 211. Isn't it worth 10 million?"

Jokes are jokes and jokes are jokes. When Xiaomi's valuation doubled from $200 million to $400 million, many people who had teased before began to think that Fang Zhe and Huizhong are not so brainless. At least this investment will make a steady profit!

When Xiaomi's valuation rose from 400 million to 600 million, 800 million, and now to $1 billion, these people have completely shut their mouths and even become self mockery. Hehe, the legendary boss Fang, are you worthy of ridicule?

At the beginning, Huizhong invested $20 million in Xiaomi. Now it is worth $100 million, and $80 million in half a year. The investment return is 500%. Even the usury in usury does not make so much money!

Therefore, when Xiaomi's round B financing began, all investment institutions and funds with a little spare money and sufficient capacity and funds targeted Xiaomi!

From US $200 million to US $1 billion, investment institutions and capital continue to give higher valuations of Xiaomi, while Huizhong investment department, which was ordered by Fang Zhe, sat down on the Diaoyutai leisurely and watched them make trouble!

Huang Siyi, head of Huizhong investment department, has long regarded the 10% shares released by Xiaomi in the round B financing as something in the bag of his own company. Fang Zhe, the big boss of gaine, said to him: "you can give us $10 billion!"

"Poof!" Huang Siyi, who heard the boss's words at that time, almost stood up without excitement.

"10 billion US dollars! My God, is the big boss crazy? Give Xiaomi a valuation of 10 billion US dollars. Does it match?"

Huang Siyi didn't dare to ask this directly, but he knew that even if he asked, the big boss would certainly say: "match!"

The vision of the big boss can be called a legend in the whole Huizhong company, even in the domestic and even world investment circles.

In the past, almost none of the large and small start-ups invested by Huizhong and the big boss lost money in the world. Of course, Huang Siyi's view of losing money refers to the low valuation of the invested company. This kind of thing is generally unlikely to happen in reliable start-ups.

What Huang Siyi really admires is the growth rate of these companies. Huizhong founded by Fang Zhe, a legendary boss, only took two years to achieve a valuation of $45 billion from zero.

However, the growth rate and valuation growth rate of large and small start-up companies invested by Huizhong and Zhongying capital are the same as that of rockets, which will double in a year, half a year or even a few months! At present, Xiaomi, which is inevitable for the big old board, is the best proof!

Where on earth is Xiaomi worth $10 billion and worth so much attention from the big boss? Huang Siyi doesn't know, but Huang Siyi knows that other greedy investment institutions and capital outside the world can't have their own boss crazy even if they crazy improve Xiaomi's valuation?

$1 billion? Can you hurry up and see that Xiaomi M1 will be officially put on sale. Mr. Lei is in a hurry!

Without exception, the investor who finally won the exclusive investment quota of Xiaomi round B financing is Huizhong, and the valuation quotation of Xiaomi given by Huizhong is US $2 billion, which has doubled directly on the US $1 billion noisy outside!

What is money and willfulness? This is called money and willfulness!

On December 5, half a month before the official launch of Xiaomi M1, Xiaomi completed round B financing valued at US $2 billion, while Huizhong won 10% of Xiaomi's shares at the price of US $200 million. Huizhong's shareholding in Xiaomi has also increased from the previous 10% to 19%!

Xiaomi, who got the money, not only repaid the arrears of various suppliers, but also drove full power, waiting for Xiaomi M1 to deliver its mobile phone to users after it was officially launched!

On December 22, the fourth month after the release of Xiaomi M1, Xiaomi M1 was officially launched!