Reflection after Xiaomi rejected SoftBank’s investment

2024-12-24 23:05
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In 2014, Xiaomi was at its peak, with its mobile phone shipments ranking first in the Chinese market and third in the world. However, Xiaomi rejected SoftBank's $7 billion investment and chose DST's $1.1 billion investment. This decision became Lei Jun's most regretful financing experience. He believed that if he had accepted SoftBank's investment, Xiaomi would have more funds to invest in R&D and market expansion, thus ending the fierce market competition more quickly.