Xiaomi president Lei Jun lost $ 149 million in a 2013 bet

One billion yuan or 149 million, is the "insignificant" amount of money that o Lei Jun, CEO and founder Xiaomi, you may have to pay, since lost a bet put in 2013.

ΠSo the fact that Xiaomi's profit in 2018 was about $ 956 million, Lei Jun is facing a negligible loss, as he may have to pay the bet he had placed with the president of Gree Electric Appliances.

But let's see what has happened….

There is no doubt that we can all show a bit of overconfidence at times. This seems to have happened to the founder of Xiaomi in 2013, in a national television program on Chinese television.

In a hot moment, he bet in front of the whole public that in 5 years Xiaomi's revenue would exceed the Chinese company's revenue Gree Electric Appliances, which has a long presence in China.

What seemed like madness at the time - as then Xiaomi was not even a shadow of what it is today - Xiaomi came very close to achieving it, but unfortunately based on financial data it did not.

At that time, the president of Xiaomi, ανα had mentioned…."Let the whole nation be our witness…. if our revenue exceeds after five years the profits of Gree Electric, Gree President Mr. Dong, please pay me one yuan"He said Lei Jun live on the TV show, and Dong replied: “Let's then bet a billion yuan. "

Η Gree Electric Appliances just today released the 2018 financial results, and its profits increased to 198 billion yuan, about 20 billion more than those of Xiaomi in the same period.

The president of Xiaomi came close to his prediction, but even for a while, he lost the bet.

The Bloomberg have contacted her Xiaomi and Gree to find out what is going on, but have not received a response.

Will Xiaomi CEO pay after the bet? Was everything that happened live on TV just a TV joke?

So let's see what happens next…. What do you say, will Jun finally pay the bet or not?

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