The previous video chat beauty and When Gree mentioned Dong Mingzhu and Lei Jun ’s agreement on gambling.
On May 20, Xiaomi released the financial report for 2020 Q1 Recently, Lei Jun also expressed that the bet with Ms. Dong will continue. Today, let ’s take a look at the financial report. Is Lei Jun promised that the game is forced to be helpless or really emboldened?
Internet business has long been the “first cash cow”
Since its listing in 2018, Xiaomi ’s revenue structure has changed a lot. Q1 mobile phone shipments were 29.2 million units, an increase of 4.7%; IoT and consumer goods revenue was 13 billion, an increase of 7.8% year-on-year; Internet service revenue was 5.9 billion, an increase of 38.6% year-on-year. The capital market valued Xiaomi as a “hardware company” when it went public, but it is no longer accurate to say that Xiaomi is a pure mobile phone manufacturer. I think that Xiaomi is actually an Internet company, and its valuation is seriously underestimated.
Three-stage rocket mode
Internet companies used to talk about the “three-stage rocket” model.