In the past ten years, the domestic mobile phone industry has undergone a long period of development and industry reshuffle, and the brands such as LeTV, Gionee, and Hammer, which used to have unlimited scenery, have fallen one after another, basically leaving only Xiaomi, Huawei, Honor, OPPO and vivo. Among them, Xiaomi landed on the Hong Kong Stock Exchange in July 2018, and its total market value as of May 5, 2022 was HK$289.3 billion.
Just recently, the glory brand that broke away from Huawei's self-reliant sect a few years ago also plans to seek listing in 2022, and has given a valuation of $45 billion, equivalent to 297.8 billion yuan. Among them, the shareholders of Glory are mainly core dealers, who subscribed to the original shares ranging from 5 million to 50 million yuan as early as last year, and once Glory is listed, they can achieve profits.
Returning to the comparison with Xiaomi, many people have questioned that glory is difficult to support the valuation of nearly 300 billion yuan. It should be known that the Alibaba IPO was only 25 billion US dollars, and Xiaomi, as a company that crossed the three major tracks of smart phones, smart TVs and IoT smart devices at the same time, the current market value did not reach 45 billion US dollars. More critically, Xiaomi's market share in the three major areas of mobile phones, TVs and IoT is higher than that of Glory, so many netizens joked: "Lei Jun estimates that he can't figure out the valuation of Glory."
Of course, the valuation does not represent the actual value of the enterprise, but can only reflect the market's confidence in the future development of the company. In a previous interview, Zhao Ming, the head of Glory, once said: "We never pursue overnight wealth, about the future, Glory is thinking about how to compare with Apple on mobile phones and all-scenario products, or even surpass Apple." "As of today, Apple's market capitalization is $2.69 trillion.