Rebirth starts from e-commerce

Chapter 321 Xiaomi Mobile Phone Conference

The rapid development of the headlines quickly attracted the attention of major capitals.

Many people approached Luo Xiu and wanted to give him money.

But Luo Xiu has no financing plan for the time being, so he declined them one by one.

In 2017, Byte sold 9% of its shares and received US$20 billion in Series E financing, with a company valuation of US$222.22 billion.

And one year later, in 2018, Byte sold only 5% of its equity and received US$40 billion in Pre-IPO financing, with the company's valuation reaching US$800 billion.

And earlier in 2012, when Byte was founded, it could only get an angel round investment of 100 million soft sister coins. The amount of equity sold was not disclosed, but it must not be less than 10%.

Of course, that investment was necessary for Byte at the beginning, but for Luo Xiu, it was a bit too much of a loss, and even 20% of the equity could not be exchanged for much money.

It is more cost-effective to spend your own money first while you can still get money.

Headline News is just a leading product of Pinru Technology. It will be really valuable when 4G network popularizes in the future and live broadcast and short videos rise.

At that time, he will not only need to exchange his shares for money, but also exchange for more other capital to resist that huge risk.

The same is true for Fantuan. The war of thousands of regiments is just a bubble that will soon burst. The future food delivery subsidy war will be the real cruel battlefield, so he endured not to get financing.

现在是2011年8月16日, 4G已经正式商用, 但我国在2013年才开始发放4G牌照，随后进入飞速发展的阶段。

The speed of 4G is unimaginable for users with 5 yuan and 30M traffic.

People jokingly say that they don't see a suite in one night.

In the future, there will be animal world wars between pandas, fighting fish, and tiger teeth, red envelope wars in the Spring Festival Gala, takeaways, taxis...

I get a little excited just thinking about it.

It's a pity that all of this is due to the development of technology. Now that 4G has not come yet, Luo Xiu can only wait.

The only thing that makes him regret is that he has traveled back from 2020 and has not been able to see the more distant future. What epoch-making applications and epoch-making companies have been born that 5G has spawned.

To repeat, it is August 2011, 8.

Luo Xiu sat at the Mi 1 press conference and watched Mr. Lei give a passionate speech on the stage.

Mr. Lei said on stage that he wanted to make a mobile phone for enthusiasts.

So what kind of mobile phone do enthusiasts like to use?First of all, it must be dual-core, and secondly, it must have a large memory and a large screen...

Every time a parameter is spoken, there are thunderous cheers.

Next, Mr. Lei showed a parameter table, the first line is the parameters of Xiaomi, and the following lines are the latest dual-core mobile phones of several popular brands, namely HTC, Samsung, MOTO, and LG.

Luo Xiu was a little emotional when he saw this watch. In the future, among the few mobile phone brands, Samsung will be the only one left.Even Samsung lost its domestic market.

The first column is the processor parameters, Xiaomi is dual-core 1.5GHz, and several other models are also dual-core, but only 1.0GHz or 1.2GHz.

The second column is memory, Xiaomi is also the highest 1GB, while other brands are between 512MB and 1GB.

Next is battery capacity, screen size, resolution, and camera. Xiaomi ranks first in almost every item.

The difference is that the last price of Xiaomi is covered with a question mark, while the lowest price of other mobile phones is 2575 yuan (parallel imports) from LG, and the highest is 4999 yuan from Samsung.

This is also the general price of smartphones at present, and licensed products are basically between 3000 and 5000.

Mr. Lei said enthusiastically on the stage: "Xiaomi does not lag behind its peers in any of these core indicators. We use the same first-class suppliers, the same first-class assembly plant, and the same first-class testing process..."

"The parallel imported LG sells for 2575 yuan, and the licensed Samsung sells for 4999 yuan. How much do you think Xiaomi should sell?"

At this time, an audience member shouted loudly: "5000!"

There are also people who call 6000, 7000, or even 8000, but I don't know if it is a trust.

Mr. Lei smiled and switched to the next PPT page.

The page displays a big question mark, and there is a line of text under the question mark: Xiaomi mobile phone retail price
This reminded Luo Xiu of those award shows, the host said a lot, but did not mention the names of the winners.

After leaving enough suspense, I switched to the next page of PPT.

There is only one huge one for the whole page: ￥1999
Seeing this price, the audience instantly became excited.

The mountain whistling and tsunami-like sound lasted for about a minute before slowly stopping.

……

"Everyone must be very curious about how to buy this mobile phone. I will invite my investor Mr. Luo to introduce it to you."

Because of Luo Xiu's joining, this press conference is slightly different from the previous life.

In his previous life, Lei always introduced to the audience how to buy Xiaomi mobile phones, and launched a Xiaomi online store.

Now, this part is explained by Luo Xiu.

"When I was in the audience just now, I kept thinking about a question, that is, what changes has technology brought to our lives?"

Luo Xiu has experienced many big scenes, so that he can stand on the stage calmly, facing this group of fanatical Xiaomi fans, and talk eloquently:

"Computers used to be a luxury out of reach of ordinary people. When Bill Gates started his business, he said that everyone should have access to computers."

"I don't know how much Bill Gates has contributed to the popularization of personal computers, but I know that because ordinary people can afford computers, the domestic Internet can give birth to Baidu, Ali, Tencent... all of these we are familiar with Internet companies."

"Entrepreneurs of our generation have missed the Internet era, but I firmly believe that with the development of technology, our era is coming, and that is the mobile Internet."

"So I founded Fantuan, a mobile application that allows people to easily shop and order food when they pick up their mobile phones, making our lives more convenient."

"However, smartphones are still too expensive for most people. If smartphones can be made cheaper so that everyone can own a smartphone, the business of Fantuan will expand infinitely."

"So I went to Mr. Lei and asked him if you could be our country's Jobs... Pooh, no... Tell him can you be our country's Bill Gates and let everyone have access to smartphones?"

"To this day, I am here to witness the price of 1999 with everyone. I think Mr. Lei has not let us down."

"In order to achieve this price, Mr. Lei and I decided to cut off all offline distributors and only sell on Fantuan."

"Remember, on August 8, the Xiaomi mobile phone was officially launched on Fantuan."

"At the same time, I promise that Fantuan won't make any money from the sales of this phone!"

……

After Luo Xiu finished speaking, there was another thunderous applause at the scene.

Xiaomi's first press conference ended successfully.

(End of this chapter)