Rebirth 2010: I taught Mr. Lei how to make a mobile phone

Chapter 648: Sudden Change: Breaking

The bell ringing ceremony was glorious but short.

All in all, the next opening will be the time to test Xiaomi's market value.

The sound of the Hong Kong Stock Exchange bell was still ringing and everyone's eyes were focused on the numbers jumping on the big screen.

The issue price of HK$19 - this slightly conservative price has become a stable starting point at this moment.

After the opening, Xiaomi's stock price climbed steadily, the tense atmosphere in the trading hall gradually eased, and executives smiled at each other, at least avoiding the embarrassment of a price drop below the issue price.

When the market closed at noon, Xiaomi's share price had risen to HK$22, an increase of 15.79%, making Xiaomi the leader in the technology sector.

Xiaomi's market value exceeded US$702 billion in one fell swoop, and Lei Jun, who directly or indirectly held 28% of the shares, saw his net worth soar to US$217.8 billion, ranking among the top richest people in the world.

According to the China Rich List previously released by Hurun, Lei Jun squeezed out Ma and came second, and the third place was Chen Mo, whose net worth also increased due to Xiaomi's listing.

As for the title of the richest man, it was won by Wang Zixuan, the chairman of Wanda Group, whose net worth exploded to US$360 billion.

In the media's overwhelming coverage, "making history" has become a key word:

"In such a turbulent market, Xiaomi's listing has created a huge success. It has gone from being unknown five years ago to being well-known all over the world, and has become one of the top three IPOs of global technology companies. Xiaomi has made history."

"Xiaomi's listing bell ringing ceremony: being friends with users is not just talk"

"The opening and intraday gains are obvious, which shows that the market is optimistic about the Xiaomi market"

The Chinese Apple? A reality check for Xiaomi’s IPO

"Xiaomi's IPO: A complex narrative about valuation, positioning and opportunities of the times"

The market cheered one after another, the media spotlight was blazing, and the enthusiasm of investors was almost boiling - everything seemed to be moving in the best direction.
However, shortly after the market opened in the afternoon, a sudden phone call broke the noise.

After Chen Mo answered the phone, his expression froze. He quickly walked to Lei Jun and whispered a few words, and the latter's face suddenly changed.

Just a few minutes later, Xiaomi's stock price suddenly plummeted after reaching a peak of HK$23.14, falling rapidly like a kite with a broken string.

It was not until then that a piece of news that shocked the industry finally came out: Samsung may interrupt the supply of panels to Chinese mobile phone manufacturers.

This bolt from the blue caught the entire market off guard.

Initially, this news set off a storm of public opinion in the international media:
The Wall Street Journal, with the title "Xiaomi encounters supply chain crisis on IPO day", directly pointed out the weakness of China's mobile phone industry;
Bloomberg sharply commented: "Xiaomi, which calls itself an Internet company, cannot escape the shackles of the hardware supply chain."
Asian financial media speculated that Samsung's move was a precise strike, with the goal of suppressing the high-end strategies of Chinese manufacturers due to insufficient market share.

On the other hand, the media reaction in China is intriguing:

The media from the other side remained silent, and the Tencent and Baidu sides also implemented corresponding traffic restrictions for their own reasons.

Only UC Browser has become a breakthrough point for news dissemination

As the incident unfolded, technology media came out to interpret it:

"Tiger Sniff": An open conspiracy: The deep logic behind Samsung's "drawing the sword" on Xiaomi's listing day.

"Popular Software": Samsung's chess game, using screens to curb the wolfish ambition of the rise of Chinese mobile phones.

"36Kr": Xiaomi encountered a "black swan" when it went public, and the rumors of Samsung's supply cut contained three major truths, one of which may be a negotiation strategy rather than actual action.

With the media's detailed reports, the market's reaction to Xiaomi's stock price is the most realistic:
How gratifying the rise in the morning was, how regrettable the decline in the afternoon was.

When Xiaomi's stock price finally fell below the issue price, the media flocked to interview the parties involved, only to be shocked to find that not only Lei Jun and Chen Mo were missing, but even the third-ranked figure Lin Bin had mysteriously disappeared.

"What about people?"

“I clearly saw him walking this way just now.”

Reporters searched around the Hong Kong Stock Exchange, but ultimately gave up in disappointment. Some consoled themselves by saying, "The monk may run away, but the temple cannot. Anyway, there will be a press conference in the evening."

At this moment, in a hidden utility room of the Hong Kong Stock Exchange, the door lock clicked shut, and the noise from the outside world was instantly cut off.

Lei Jun leaned his back against the door and let out a long sigh.

The three of them looked at each other and simultaneously smiled bitterly, feeling as if they had survived a disaster.

"At least I can have some peace and quiet for a while," Lei Jun rubbed his temple. "Who would have thought Samsung would choose today to start a fight?"

Lin Bin wiped the sweat from his forehead with lingering fear: "Thanks to Mr. Mo's quick reaction, otherwise we would have been eaten alive by those reporters now."

He recalled the crazy looks of the reporters just now, just like the zombie horde in a doomsday movie.

"Boss Bin, you're not a slow runner." Chen Mo joked with a smile, turning to look at Lei Jun, "But the most amazing thing is that Jun brother actually found such a hiding place."

"Oh, I've been here several times before, it's all experience."

Lei Jun took out his mobile phone, stared at the stock price trend on the screen, and smiled bitterly: "A few days ago, I was still promising investors that the stock price would at least double. Now..."

He shook his head, unable to bear to look at the steeply falling curve. Even with his mentality and determination, the feeling of this roller coaster was still not pleasant.

Seeing this, Chen Mo leaned against the wall and comforted him, "You should think so. At least you have become the second richest man in China, even though you only jumped on top of me for a few hours."

"This rumor about Samsung is not groundless. We need to be prepared in advance. After all, it has just been listed and many people are eyeing Xiaomi." Lin Bin pushed his glasses and his eyes flashed.

Lei Jun rubbed his brows tiredly and said, "I'll let Zhou Guangping go and test Samsung's attitude first."

"etc."

Chen Mo spoke suddenly, because in his impression, when Samsung executives came to negotiate, they were offended by Zhou Guangping, who seemed to be the party A, because of his tough attitude. When the Samsung executives returned, Lee Jae-yong was furious and directly cut off the supply.

Afterwards, Lei Jun personally went to Samsung headquarters three times. The last time he drank several bottles of red wine, before the cooperation was resumed. However, the supply was not restored until two years later. Those two years were the darkest moments for Xiaomi.

But it is hard to tell whether this rumor is true or not, but looking at the current situation.

Now it seems that Samsung’s attack is not directed at Zhou Guangping?
That's right, business cooperation is all for profit, so why would it be interrupted because of personal grudges? This rumor is probably just an excuse.

"Xiao Mo, what's wrong?" Lei Jun looked up at Chen Mo with confusion in his eyes.

An idea sprouted in Chen Mo's mind - perhaps this supply chain crisis is the turning point for Xiaomi to get rid of the label of "assembly plant"?

Maybe Xiaomi will take a different path. A plan of "breaking down and then building up" gradually took shape in Chen Mo's mind.

Chen Mo waved his hand and said, "It's okay."

While Lei Jun and Lin Bin were busy deploying crisis public relations, Chen Mo noticed that the two partners were sitting on the steps and on a box respectively.

In the dim light, in the utility room, a billionaire president in a suit and tie was sitting on the floor.

At this moment, what appeared in Chen Mo's eyes was a rare epic scene.

The account has been changed and the person currently logged in is: Chen·Photography Master·Mo.

"Click!" The flash that was forgotten to be turned off instantly illuminated the entire room.

"Xiao Mo!" Lei Jun held his forehead helplessly.

"It's a historic moment, let's keep it as a souvenir." Chen Mo said with a smile.

"Then promise not to post on Weibo!"

"I swear to the light, take a good picture. Smile.
Brother Jun, you are smiling bitterly. Learn from Mr. Bin, who smiles like a flower.
Yes, smile. Smile.
Keep it up.
Three. Two."

The shutter sound rang again, freezing this moment of finding joy in suffering.

(End of this chapter)