Lei Jun denied buying Tencent QQ and was bought by Alibaba: he wanted to buy NetEase for 10 million but was rejected by Ding Lei.
CTOnews.com August 11 news, In 2022 Lei Jun annual speech, Xiaomi Chairman Lei Jun on "Through the bottom of life perception" and "Xiaomi entrepreneurship thinking" summary and analysis.
Lei Jun described his accumulated experience from Jinshan WPS and Pangu software. He lost to Microsoft in 1996, became an "Internet addiction teenager," became a BBS moderator, and finally embarked on the road of Xiaomi and commercial Internet.
For online someone said QQ to him to seek acquisition, Alibaba asked him to buy shares of things, Lei Jun said these have not been. He clarified that "Ma Yun Ma Huateng asked Lei Jun to invest. In fact, the only one he talked about investing was Netease, but what he said online was a bit clumsy."
Lei Jun mentioned that when the first wave of Internet waves rose, he wanted to enter by acquiring an enterprise.
"There are rumors that Ma Huateng wants to sell QQ to me when he starts a business. Ma Yun asked me to invest when he started a business. I didn't invest. Neither of them came to me. It's all rumors. "Lei Jun said. Only Netease was really seriously talked about. At that time, Netease was founded for only one year. It was a hosting station for personal websites. He offered 10 million yuan to acquire it, but Ding Lei refused.
Subsequently, Netease raised US $10 million and valued it at US $500 million, which shocked Lei Jun greatly.
After the acquisition failed, Lei Jun decided to do it himself.
CTOnews.com learned that in May 2000, Zhuoyue was officially launched. He decided to be an online book and video store. Lei Jun's previous experience in selling goods and his accumulated retail understanding were used. Two or three years later, Zhuoyue became the largest B2C e-commerce company at that time.
But because of the financial crisis and the dotcom bubble. Because the capital market environment is too bad, Joyo really can not finance money, finally can only reluctantly sell Amazon. He said he tried not to use Joyo during that time, tried not to buy things from Joyo, and tried to avoid seeing old colleagues.
In the process of constant trial and error, Lei Jun summed up a truth, where mistakes may be made, mistakes will certainly be made. He concluded that starting a business does require a little luck and a clear judgment of the general trend, which is why he has always emphasized tuyere later.
