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Lei Jun Investment Logic Declassified: Part Of The Project Return Of 120 Times.

2014/5/27 17:46:00 32

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despite the fact that Lei Jun has denied the existence of "Lei Jun" in the Internet many times in public, but in the eyes of the outside world, for many years, the "Lei Jun" has become the fourth major force outside BAT.

this also confirms the saying that many years ago the inside of Jinshan circulated: the first camp of Chinese Internet in the future is plainly a table: "TABLE", where B is Baidu, A is Ali, T is Tencent, L is Lei Jun system, including Jinshan, fan, UCWeb, multi play net, and E is Zhou Hongyi system.

"golden angle silver edge" /p >

in the long list of "Lei Jun", there are Jinshan, happy gathering times, cheetah mobile listed, and there are thunder in the process of listing.

In addition, the payment tools, such as La Carla, electronic business platform, fan Kai pin and Le Tao, mobile browser UCWeb, medical information website, good doctor online, the Great Wall and so on, all have Lei Jun's figure.

in fact, it is not difficult to see from the list of pre installed software of millet mobile phone, UC Lei browser, Kingsoft PowerWord, multi look, MI chat, fan Kong, Jinshan fast disk, YY voice, WPS and many other Lei Jun applications have been built.

Lei Jun's hobby is playing weiqi. His investment style is like going to go, laying stress on layout and focusing on teamwork.

But he also invested in three principles: first, he did not know what to do; second, he only threw people; third, he did not help.

layout often determines success or failure.

In the words of IT observer Lin Jun, Lei Jun followed the "golden angle silver side" theory of go. "Mobile Internet is golden angle," a href= "http://www.91se91.com/news/index_c.asp" > electricity supplier < /a > is silver edge. In the mobile Internet and electronic business field, Lei Junxian has cast many cases such as Yue Xun, UCWeb, fan Kong, Le Tao, Shang pin net, and so on. As for millet, it is Lei Jun's big dragon in the decisive battle.

there is no doubt that millet technology, seen by Lei Jun as the "last battle" of entrepreneurs, is the core piece. Although it has not yet been listed, its valuation has reached tens of billions of dollars. In addition, Lei Jun also set up the layout in the form of angel investor and Shun capital established in 2011, and became an important piece of Millet's "borrowing power" to realize the integration of hardware and software.

This also makes the industry ridicule, "millet is not only a good business of Lei Jun, but also a good business of Lei Jun department."

on the one hand, under the "special" identity of < a href= "http://www.91se91.com/news/index_c.asp" > Lei Jun < /a >, Jinshan and Xiaomi two companies are merging together.

as early as 2012, Jinshan software has already reached an equity sale agreement with Xiaomi technology. Jinshan cloud company, a Jinshan subsidiary, will sell 9.87% of its shares to Xiaomi for $1 million 820 thousand. After completing the paction, Jinshan, Xiaomi and Jinshan cloud management layer will have Jinshan cloud 17.57%, 9.87% and 72.56% shares respectively.

by the beginning of 2014, millet invested $20 million to invest in Jinshan's game R & D studio Xishan, gaining about 40 million shares, accounting for 4.71%. In April, millet, Kingsoft and Baidu subscribed for up to 50 million US dollars, becoming the cornerstone investors of the cheetah mobile IPO under its separate spin off.

From Jinshan cloud to Xishan residence and Cheetah mobile, Jinshan has become part of the ecology of millet.

another reporter understands that Zhang Hongjiang, a patent operation company named Kingsoft CEO, is also a shareholder of Jinshan, Xiaomi, Shun and so on.

External evaluation, Zhi Valley to a certain extent, carrying Lei Jun's "original technology dream."

> a href= "http://www.91se91.com/news/index_c.asp" > commercial chain < /a > /strong > /p >

on the other hand, apart from Kingsoft system, Lei Jun's ability to combine vertical and horizontal links makes its business layout of "software + hardware + services" clearer.

At the same time, a large number of millet mobile phone equipment and the continuous development of millet business ecological chain, become "Lei Jun" entrepreneurs can not be underestimated resources and channel support.

previously, an entrepreneur who was using the Internet to make hardware was telling reporters that although the products were different and similar to the mode of millet, the most frequently asked question was whether the founder's fame and background in the Internet circle were large enough, and whether he had the ability to join the company like Lei Jun?

for example, the acquisition of millet is more about technology. More emphasis is placed on Wang Chuan, the founder.

After joining millet, Wang Chuan is responsible for millet box and millet TV business.

boost Millet's dream of smart TV, not just to see more.

Investment thunder has become its largest shareholder. For millet, it can share the thunder's video content resources and use its channels to broadcast the terminals such as millet TV, millet box and even millet mobile phone, which is also conducive to the layout of millet in the video; while for the thunder, the introduction of millet is considered an important weight for IPO to rush into the mobile terminal, speeding up its entry into the mobile terminal and grabbing the living room, and moving investors with a story of a video content provider based on cloud computing technology.

in addition, Xiaomi was also exposed to the Israeli company's Pebbles as a sense tracking technology company. It is expected that Xiaomi will plan to apply this technology to its own tablet computers, millet TV and many other product lines.

as another important chess piece of Lei Jun's investment, that is, in the Shun fund set up by Lei Jun, the reporter saw that its start-up companies include early App baby bus (Babybus), medicine and life science website, Ding Xiang Yuan, and primary and secondary school online homework platform.

and in Lei Jun's earlier investment, in 2012, the successful era of the reunion era, Lei Jun's $1 million angel investment earned 120 times return in 7 years; in March 2013, Alibaba group spent 506 million yuan (about 3 billion 130 million yuan) on strategic investment UC, and obtained shares from the original shareholders of UC. At that time, UC chairman Yu Yongfu told reporters that UC's return to Lei Jun was no less than the reunion era.

But there are also those who have suffered setback due to market setback, such as Fan Cheng pin and Le Tao.

the insiders have concluded that Lei Jun's business logic is to build an industrial ecological circle on the one hand, and to build a capital investment circle on the one hand, and capital for industrial pfusion.

Stan Shih, the founder of Acer, who also likes to play chess, has the same view: "next go, I hope every investment can create the future, and the future space will be bigger and bigger." at the beginning, the enterprise has a bigger consideration, and has some strategies to do some layout, from a small angle, and finally to the middle. "

but unlike chess, the game is final, but the business is full of variables, even if the layout of the "live son" is unavoidable in the market's life and death fight.

Chess players often say, "chess is the art of fate".

Sometimes the number of wins and losses is always in the same range. The subtlety of Weiqi is that even the top players are not sure.