Internet moguls are being held hostage by the entertainment system!

Chapter 505 Chen Xiu's Investment is Confidence

June 25th, Beijing, Xiaomi headquarters.

As an international technology company, Xiaomi's industrial park was completed several years ago.

The most famous thing related to this should be that one night when Lei Jun finished working overtime and was on his way home, he "casually" took a picture of the night sky with the latest Xiaomi phone downstairs from the company.

Then, an employee, from a third-person perspective, casually took a picture of him lying on the ground taking pictures of the night sky...

The two photos were put together by netizens and became a widely circulated anecdote online.

As Chen Xiu sat in Xiaomi's reception room, looking down through the floor-to-ceiling windows, she still thought about this matter.

Seeing that he looked thoughtful, Lei Jun, who was sitting next to him, also struck up a conversation.

"Mr. Chen, are you thinking about something else?"

"No, I was just thinking about you taking pictures of the moon..."

Chen Xiu's offhand remark caused Lei Jun's smile to vanish abruptly.

The two looked at each other, and the atmosphere became quite awkward.

Fortunately, no one else in the meeting room noticed this.

Chen Xiu opened her mouth, glanced at the lawyer beside her who was busy checking the contract, and said, "President Lei, have you set many requirements for financing? Why is the lawyer taking so long to check?"

"There are indeed some clauses."

Lei Jun regained his composure and used the topic to cover up his earlier embarrassment.

"The shares raised in this private placement are the same as the Class B shares that are normally traded on the market, with each share having one vote. Most of the terms are used to explain the dual-class share structure."

"understood."

Chen Xiu nodded expressionlessly.

Lei Jun adopted a dual-class share structure at Xiaomi, giving Class A shares, which were raised in the early stages, 10 votes per share, while Class B shares had 1 vote per share.

This model allows him to maintain his influence within the company while ensuring that he owns less than 51% of the shares.

Chen Xiu invested in Xiaomi simply because he thought it would be profitable. He had no interest in Xiaomi's internal management, nor did he intend to become a board member, so voting rights were of no concern to him.

Lei Jun's eyes flickered slightly after the topic was brought up.

Seeing that the legal team still had a while to go, he took the opportunity to talk to Chen Xiu about something he had wanted to ask for a long time.

"Mr. Chen, I'd like to ask you something."

"You said."

"Recent targeting by Facebook has caused significant volatility in TikTok's stock price. Are you not taking any action in response?"

"Is this a formal inquiry from a shareholder?"

Chen Xiu lowered her eyebrows and glanced sideways at Lei Jun, wondering if he had any ulterior motive in asking the question.

Lei Jun shook his head and smiled, "It's not a formal inquiry, just concern between friends."

"Thank you."

Chen Xiu smiled and nodded, thought for a moment, and then said, "TikTok's stock price had a significant pullback on the second day of its listing, but it returned to HK$50 before the market closed. Didn't Mr. Lei pay attention to that?"

"Look, the price seems to be over 50 today."

"It should go up a bit more this afternoon."

"That's good."

Lei Jun politely agreed, knowing that Chen Xiu was unwilling to reveal TikTok's future strategic plans to him.

Sensing that the conversation had gotten off to a bad start, Lei Jun hesitated for a moment, then said, "President Chen, why don't you seem surprised at all?"

"What's surprising? The stock price?"

"No, I mean Facebook's targeting of TikTok."

"What's so surprising about this? Something similar has happened before. Wasn't Tencent's Weishi, launched last year, and Facebook's actions last week exactly the same?"

"Too."

"Mr. Lei, please speak frankly. There's no need to beat around the bush."

Chen Xiu stared intently at Lei Busi, wanting to know what his roundabout words were all about.

Lei Jun pursed his lips and glanced sideways at the still busy legal team.

A hint of hesitation flashed across his face as he suggested, "Mr. Chen, could we go next door to talk? It will only take five minutes."

Chen Xiu raised her eyebrows to look at Lei Jun, feeling that she might be able to "bother" him in other places as well.

"OK."

"plz follow me."

Leibusi said softly, then got up and left his seat, exiting the reception room.

Chen Xiu followed him, walked through a short corridor, and came to a small room by the window at the end. She went in, sat down, and watched him silently.

After Lei Jun sat down, he began to anxiously rub his palms, and every now and then he would look up and cast a scrutinizing glance at Chen Xiu, as if he was hesitating about something.

After a two-minute silence, Lei Jun finally made up his mind and said, "Mr. Chen, I want to ask you a question."

"Please say."

Chen Xiu pursed her lips, thinking to herself: Did she come all the way here just to ask one question? Was she being too cautious, or was the question really that important?
The question Lei Jun asked after his hesitation did indeed show Chen Xiu its importance, and that a private conversation was indeed necessary.

"Mr. Chen, after our conversation in the Hong Kong Stock Exchange's storeroom last time, I've thought a lot, but I still can't figure out the exact direction. What area do you think Xiaomi should choose for its future development?" "..."

Chen Xiu paused for a moment, looking at Lei Jun with some uncertainty.

"Mr. Lei, are you asking me for my views on Xiaomi's future development?"

"Correct."

"I'm just an outsider, so I can't offer any opinions."

"But when you were at the Hong Kong Stock Exchange, you clearly inquired about Xiaomi's future strategic development."

"I'm asking these questions simply to determine whether Xiaomi is worth investing in! As a CEO with extensive entrepreneurial experience and multiple projects under his belt, why do you need to ask for my opinion? Am I qualified to offer you advice?"

"some."

Lei Jun answered without hesitation, and his expression was exceptionally sincere.

He stared intently at Chen Xiu, his lips pursed, and after a moment said, "President Chen, I think we can be more frank in our communication."

"OK."

"I need to clarify that I may be an excellent executor and manager, but I am not a qualified strategist, which, as far as I know, you happen to possess."

"Is this evaluation a bit too high?"

Chen Xiu looked at Lei Busi with some uncertainty, feeling that the topic he had chosen was a bit serious.

However, Lei Jun simply shook his head calmly.

"Your first startup was Didi, and from that time on, your primary position was Chief Strategy Officer."

"Then, when you started Douyin, your position remained unchanged. Including investments in Meituan and Pinduoduo, you provided strategic advice to both companies, and without exception, they achieved great success."

"Pinduoduo's 10 billion yuan subsidy plan was suggested by you. To be more frank, last week we invited you to invest in Xiaomi. In addition to hoping to use your successful investment case to help boost Xiaomi's stock price, we also hoped that you could provide Xiaomi with effective suggestions."

Seeing his serious tone, Chen Xiu hesitated, her initial refusal becoming more hesitant.

Seeing this, Lei Jun continued, "President Chen, I have always admired your vision. If, and I mean if, one day you could join Xiaomi, with your strategic vision and my execution ability, Xiaomi would definitely become a great company."

Chatting is one thing, but how did you end up poaching people?
Is it because I poached Zhou Shouzi that you want to poach me from Xiaomi as compensation?

Chen Xiu's eyes twitched slightly as she thought about it, but she naturally declined.

"Mr. Lei, Xiaomi only needs you. It would be great if my abilities could bring you some inspiration, but it would be normal if they didn't."

"you are too humble."

"No, I really don't have anything."

"So, in your opinion, which direction would be better for Xiaomi to develop in the future?"

Lei Jun's smile vanished instantly, and he suddenly asked a question.

Chen Xiu was taken aback and was about to decline when she saw Lei Jun's extremely serious face.

After all that, they took me to the dark room just so they wouldn't let me refuse...

"If I really want to give advice, I still stand by the point I made in our last conversation: the marginal cost of entering a new industry is much lower than that of a traditional industry, but the benefits are far greater."

"Which new industries are emerging: AI? New energy? Biomedicine?"

"Mr. Lei, which of these three areas do you think is currently the most popular?"

"..."

Lei Jun lowered his head silently, already having made up his mind.

Not wanting to continue the topic, Chen Xiu changed the subject at the opportune moment: "President Lei, you know Huang Xiaoming, right?"

"Oh? Yes, I filmed a short film with him."

"I'm going to be working with him on a movie soon. Mr. Lei, do you have time to make a cameo appearance?"

"This one……"

Lei Jun pursed his lips, thinking to himself: Inviting Chen Xiu to invest in Xiaomi to give shareholders confidence, strictly speaking, I also owe him a favor. Making a cameo appearance wouldn't be a big deal, and filming can also increase exposure...

"No problem! Mr. Chen, what role do you need me to play? Like last time (I played a cameo role in A Slight Smile) as an investor?"

"Yes! But this time you're investing in the role played by Huang Xiaoming."

"Does the role you play require no investment?"

“My investors have already arranged for Pony Ma to perform.”

Chen Xiu smiled and nodded at Lei Jun, who was speechless with astonishment.

Lei Jun stood up with a helpless pout, maintaining his expression until the two returned to the meeting room, confirmed the financing contract, and signed their names.

本次小米的定向融资是以每股8港元，向陈秀融资16亿，大约占到总股本的0.8%（小米19年市值大约在2000亿港元左右）。

After Chen Xiu finished signing, she leaned over and whispered, "President Lei, you'll be going out for photos with reporters later! Cheer up."

"okay."

Lei Jun's smile suddenly spread across his face, and his eyes narrowed.

After the two shook hands and took a photo together, Xiaomi officially announced the successful financing before the market opened in the afternoon.

Chen Xiu's investment injected a strong boost into Xiaomi's sluggish stock price. His consistent success rate in investing in the internet industry also gave investors more confidence.

That afternoon, Xiaomi's stock price immediately surged upwards upon opening, and closed up by a total of 5%.

(End of this chapter)