Why did Dong Mingzhu gamble with Lei Jun for another five years?

Gree Dong Mingzhu will stop gambling for another five years. Xiaomi Leijun can try.

On August 29th, 20 19, Dong Mingzhu, chairman of Gree Electric, said in Beijing that he would gamble with Lei Jun of Xiaomi for five years. Lei Jun, chairman of Xiaomi Group, responded, "I think we can give it a try."

So it is not clear what their bet is. It is speculated that it is likely to be sales in the next five years.

What kind of stalk is this?

In 20 13 years, Dong Mingzhu and Lei Jun gambled 10 billion with a higher turnover five years later. Lei Jun said that if Xiaomi won, Dong Mingzhu would pay Lei Jun a dollar. But Dong Mingzhu took a gamble. She said Xiaomi lost and gave her 10 billion. 20 19 On April 28th, Gree Electric announced that the total turnover last year was 200 billion yuan, while Xiaomi was174.9 billion yuan. The industry calls it Dong Mingzhu's narrow victory, because when Xiaomi and Gree bet, the strength of Xiaomi is very different.

Looking back, in five years, Xiaomi was able to rush from 30 billion yuan to 654.38+07.49 billion yuan in sales, which was really rapid.

So why is Dong Mingzhu willing to gamble with Xiaomi again? Originally, Xiaomi also laid out household appliances, while Dong Mingzhu dabbled in cars and mobile phones. Then in the new round of five-year war, the competition will definitely be more intense than the previous five years.

If the last time Dong Mingzhu was to motivate Xiaomi's Lei Jun, then this time she may be trying to motivate herself.

Because Xiaomi's catch-up momentum is very strong. This strong woman also has the tenacity that her only son will not admit defeat. She wants to take the lead in Gree Electric and set foot in other fields. Such gambling is nothing more than an incentive to oneself.

I admire such a woman. She has little chance of winning in the next five years. She just encourages herself to go all out.