Reflection after Xiaomi rejected SoftBank’s investment

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.