If the crystal smartphone develops well, Xiaomi's market value could easily reach USD 45 billion when it IPOs.
By then, it might just cause a domino effect.
So, there's nothing to regret about giving up on Xiaomi now.
Qi Hao's bottom line is USD 4 billion.
USD 45 billion is the post-funding valuation, and after the actual funding, Donghao Venture Capital can't maintain a 10% stake.
USD 4 billion is already a pretty good price.
Xiaomi is being hyped by venture circles; otherwise, with such a questionable valuation, you'd have to at least take a 30% cut to hand it over.
If not favored by the capital market, it might even go for a 70% cut.
If you invest in a company that crashes, your assets will pop like a bubble and go up in smoke.
Lei Jun arranged a face-to-face meeting with Qi Hao, and Qi Hao accepted the appointment.
It wasn't a fight; the two had a simple meal and afternoon tea.
You could say they had a rather pleasant conversation.
