On July 9, 2018, the Xiaomi Group, which was established eight years ago, was officially listed on the main board of the Hong Kong Stock Exchange. The issue price was HK$17/share and the stock code was “1810.HK” (representing Xiaomi’s listing in 2018, in 2010 Established in the year). The listing of Xiaomi has become the top three IPOs of global technology stocks in history, and the first share of the Hong Kong capital market “different shares”.
Although in the pre-market trading, Xiaomi’s share price fell compared to the IPO price, the total market value shrank. But Xiaomi founder Lei Jun seems to have made expectations for today’s stock price changes and is ready. He pointed out that at the critical moment of the Sino-US trade war, the international capital market has changed dramatically. More than 100,000 investors actively participated in the subscription of Xiaomi’s stock, which is a great trust and trust for Xiaomi’s management and employees.
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Looking back at history, as a startup, Xiaomi challenged the mobile phone industry as soon as he came up. According to the data, Xiaomi has become the world’s fourth largest smartphone manufacturer. It has changed more than 100 industries through eco-chain products, and has promoted the improvement of business efficiency. It has entered 74 countries and regions around the world and built the world’s largest consumer Internet of Things. platform. Figures show that in 2017, millet income was 114.6 billion yuan, and the revenue threshold of 100 billion yuan was exceeded in 7 years. In addition, Internet service revenue accounted for 8.6%, and reached 9.9 billion yuan. In the first quarter of this year, the proportion of Internet service revenue increased to 9.4%. Lei Jun said that this fully proves the business ability of Xiaomi Internet, which can convert the traffic brought by hardware and e-commerce into revenue and profit.
For the early investors of Xiaomi, the listing also gave them a generous return. Lei Jun said that the earliest VC’s first $5 million investment has returned 866 times. Not long ago, Lei Jun publicly stated that Xiaomi is a versatile company with a rare global e-commerce, hardware and Internet services. It is a new species. “Our ambitions don’t stop there. We came into being in the new era and want to advance the advancement of the times.”
Xiaomi, who is trying to push the times forward, is also unwilling to lag behind in the layout of the block industry.
It is understood that Xiaomi put forward his own ideas on the blockchain in April 2017. At that time, Gu Dawei, head of Xiaomi MIUI Commercial Products Department, proposed the pain point of using blockchain to solve programmatic advertising. At the end of December, Zhou Maohua, head of the data business of Xiaomi MIUI Commercial Products Department, mentioned Xiaomi’s blockchain-based performance in his speech on “Collective Data Collaboration Exploration Based on Blockchain”: Xiaomi’s Blockchain Marketing Data Collaboration Solution Has Been Applyed for 10 patent protections, and reached cooperation intentions with 2 open source organizations and 15 advertisers & partners.
In addition, Zhou Maohua also said that “Millet is a company with extremely rich data sources and is extremely concerned about user privacy and data security. We are using blockchain and cryptography to promote industry data collaboration and break the pioneer of data silos. Achieve maximum protection of data assets, and also promote the flow of data to provide value to the marketing industry.
On March 2, 2018, Xiaomi Company’s supply chain financial asset-backed securities issued a 10 billion yuan storage shelf and obtained the Shanghai Stock Exchange’s no-objection letter, becoming the first asset-backed securities in China to support the new economic manufacturing supply chain finance. The successful launch of this single project is an important measure for the implementation of the new economic development and the promotion of the supply chain financial services to the real economy under the unified leadership of the Shanghai Securities Regulatory Commission.
On March 14, 2018, the Xiaomi blockchain pet “encrypted rabbit” was launched, and the line was sold out soon. “Encrypted Rabbit” will be released at a limited time of 11 o’clock every day. At the same time, “carrot” is used as the activity element, but the digital rice game played by the previously encrypted rabbit official website has not been found. This is another blockchain pet game after Baidu’s blockchain “Litz Dog” and Netease’s blockchain “Big Cat”. In an interview with the media, Gu Dawei, general manager of Xiaomi MIUI Commercial Products Department, said: “Encrypting Rabbit” is the first attempt by Xiaomi to complete the technology-to-product in the blockchain direction. At the end of 2016, Xiaomi began to research blockchain technology. In March 2017, the project was launched. Finally, after continuous adjustments, Xiaomi chose to start the blockchain product trial with the “encrypted rabbit” game as the entrance.
On April 19th, it was reported that Xiaomi had an app called “Xiaomi WiFi Chain”, which uses the popular blockchain technology to allow users to earn “rice” for the corresponding prizes. Tang Mu, vice president of Xiaomi Ecological Chain, gave some explanations on Xiaobo’s WiFi chain App on Weibo. He said that “’WiFi chain’ is not a blockchain, but a small application based on zonechain technology.” The group “a team tried for a long time”, the main game is to change the “me” to F code.
On June 6th, at the IBM&Avazu Blockchain Technology Empowerment and Scenario Application Salon Roundtable Dialogue, Xiaoma MIUI Commercial Products Product Director Zhou Maohua pointed out that instead of blockchain for blockchain, we must recognize that blockchain is valuable. In fact, in many levels, the blockchain does not play the role of 0 to 1, and may play more roles from 1 to 100, which improves the efficiency.
In fact, with the rise of Bitcoin in the second half of 2017, more large Internet companies have announced their entry into the blockchain industry, including Xiaomi, Netease, Qihoo 360 and Storm. And Ali, Tencent, Baidu and other companies involved in the Internet financial industry, the layout of the blockchain has been quietly launched as early as the middle of last year.
Lei Jun said that listing is only the beginning of Xiaomi, and listing has never been the goal of Xiaomi. He firmly believes that Xiaomi has unlimited room for growth.
After the listing, Xiaomi can bring about exploration in the field of blockchain, and it needs to be paid attention to in the future.