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"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

author:Wooden Bridge said

Preface

After the Xiaomi Su7 press conference, Lei Jun conducted the first live broadcast after the press conference on April 18, and the popularity was 100,000+ per minute.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

And the refutation of the rumors he mentioned in the live broadcast also caused heated discussions, emphasizing that he is not the male protagonist of Shuangwen, and there is no science champion with a score of 700 in the college entrance examination, but the editor watched Lei Jun's entrepreneurial experience, and felt that although it was not a smooth sailing Shuangwen, it could also be called a 'legend'.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Before introducing Lei Jun's "legend" entrepreneurial experience, let's first introduce Lei Jun's title of "Beijing Cash King".

Lei Jun "Cash King"

Previously, Lei Jun had always had the titles of "Thor" and "Rebus" to praise him.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Now called "Beijing Cash King" by netizens, the editor was a little surprised when he saw it, what an arrogant name.

It is a bit of an exaggeration to say that he is the "cash king", but the company's cash reserves have been increasing, and with so much cash accumulation, how much will be lost due to the change in the RMB exchange rate.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

From the 108 billion yuan announced before the car was built in 2020 to 136.3 billion yuan in 2023, the abundant capital accumulation has made Mr. Lei full of confidence.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41
"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

No kidding, from the assets of Lei Jun found on the Internet, the assets are hundreds of billions of yuan, and the online ranking is also the first in Beijing, and it is understandable to call him "Beijing Cash King".

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

But why does Lei Jun always have so much available cash in store?

In fact, there is a reason, because when Lei Jun was working in Jinshan Company, he was almost on the verge of bankruptcy and couldn't even pay his salary, so Lei Jun learned a lesson and was extremely concerned about the accumulation of cash.

Although I missed many opportunities because I cared about the accumulation of cash, I couldn't break this habit.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Source: Lu Jian interviewed Lei Jun

Lei Jun's real college entrance examination scores

Netizens said that Lei Jun was the "Beijing Cash King" and he did not respond, but in this live broadcast of 100,000 plus, Lei Jun said that others said that he was the top science student in the Hubei college entrance examination, and he only had a cold 4 billion in the card at the trough, which was really a little uncomfortable.

Mr. Lei personally refuted the rumors that he was actually not the top science student in Hubei who scored 700 points, and he did not have a cold 4 billion when he was at a low point in his life.

But netizens still don't buy it: "If there is no 700 points, it may be 699 points", "There is no cold 4 billion, that is the hot 4 billion".

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Xiaobian checked the information, in fact, Lei Jun's college entrance examination is really not 700 points, although it seems that even if some people can score 700 points, they will not be able to achieve such an achievement as Lei Jun.

According to Mr. Xu, Lei Jun's high school homeroom teacher, Lei Jun did only score 588 points, which may seem low now, but at that time it was close to Qingbei's 590 admission score in Hubei.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Mr. Xu Zuyang, the head teacher of Lei Jun High School

There are four people in their class who have exceeded the score line of Qingbei, Lei Jun is the fifth, and he was not admitted to Qingbei, but he also exceeded the admission score line of key universities in Hubei by more than 30 points.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Image source: Jimu News 202312.29

Perhaps he was interested in radio since he was a child, so he chose the computer department of Wuhan University at his doorstep after the college entrance examination.

Lei Jun's school experience

After three years of high school and high scores, he did not forget to study hard when he entered the university, and set up his ambition, hoping to support himself by himself, no longer relying on his family to support himself, and studying day and night.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

The picture comes from Baidu Encyclopedia

Lei Jun finally won all the scholarships in the school, and when Lei Jun got the heavy 2,000 yuan, he secretly vowed to return to the school twice.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

On the occasion of the 130th anniversary of Wuhan University, Lei Jun personally donated 1.3 billion yuan to Wuhan University for the development of basic disciplines and the cultivation of more talents.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

After receiving the scholarship, he began to achieve financial independence in his sophomore year, which was not his ultimate pursuit, and his strong interest in computer science led him to complete four years of college in two years.

Moreover, his homework can be selected into textbooks by teachers at Wuhan University, and it can be said that his ability at that time will exceed what he can teach in the undergraduate.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Lei Jun Jinshan worked hard

After graduating from the bachelor's degree, he did not choose to take the postgraduate examination, but listened to his father's words and was assigned to work in the Research Institute of the Ministry of Aerospace in Beijing.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

But within a year of work, he was poached by a programmer named Qiu Bojun.

The origin of this Qiu Bojun is not small, because the Windows work system is not free, the first generation of wps office software we commonly use now is written by this programmer named Qiu Bojun, who was known as China's first programmer back then.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

At a science and technology exhibition, Qiu Bojun took a fancy to this talent at a glance, saying that this person had a very good temperament, and it was said that it took a day of persuasion to dig him into his company.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

At that time, it was actually difficult to give up the iron rice bowl, and even Lei Jun himself said that it was very difficult for many young people to make such a choice at that time.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Lei Jun explained that at that time, he was very fond of writing programs, and when he saw the top of the industry write such a powerful program as WPS, he felt admiration, and he was thinking that maybe he could become "the second to ask for Bojun".

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

There is also an interesting fact, at the strong invitation of Qiu Bojun, Lei Jun agreed to work in Jinshan Company, before he went in, he thought that Jinshan Company was very big, but when he arrived, he found that there were only six people connected to him.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

After entering Jinshan, he and Qiu Bojun carried out the "Pangu Plan", the opponent pointed directly at Microsoft, how could the company of these six people be Microsoft's opponent, when Microsoft found this enemy, it first adopted an acquisition strategy, and after it failed, it wanted to poach Qiu Bojun, but it was also refused.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41
"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

In desperation, Microsoft connived at piracy to enter the market, and Kingsoft suffered a fatal blow under the attack of Microsoft in front and piracy in the back, and the main "Pangu" kit was sold only more than 2,000 sets, which put the company on the verge of bankruptcy, and even the salary could not be paid, and nearly two-thirds of the developers left.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

At a low point

Faced with such a situation, Lei Jun also wanted to resign, but was stopped by Qiu Bojun, but Lei Jun still decided to rest for half a year first, which may be one of Lei Jun's biggest troughs at this time.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

During this period, Lei Jun went to the bar all day long, staying all night, and he felt that only by immersing himself in the frenzy of heavy metal music could he forget the mental pressure he was under at that time.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41
"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

After returning to the Lei Army half a year later, Jinshan formulated a new tactic, "aiming at the marginal battlefield to fight guerrillas" to support the war.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Under the leadership of Qiu Bojun and Lei Jun, Kingsoft has successively developed "Kingsoft Word Tyrant", "Kingsoft Shadow Tyrant", and "Swordsman Love" games, relying on these projects to solve the existential crisis, and can also use the surplus to transfuse blood for the costly WPS.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

After the development of Jinshan became stronger and stronger, Lei Jun led Jinshan to successfully go public and served as the president of Jinshan, at the end of 2000, Lei Jun was 31 years old.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

The picture comes from Baidu Encyclopedia

Qiu Bojun is the ceiling of programmers, but not an expert in business, in Lei Jun's resignation as the CEO of Jinshan, Qiu Bojun felt powerless, the stock plummeted, and the brain drain was serious, and he had to ask Lei Jun to go out of the mountain, take charge of the company, and carry out reforms, so as to get a new life.

It can be seen that Lei Jun is an all-rounder, not only good at writing programs, but also in terms of business marketing.

I feel like nothing has been accomplished

Perhaps according to ordinary people, sitting on the position of chairman of Jinshan, he has the most shares, and he has achieved financial freedom at the age of 40, and he still has a lot of time to let Lei Jun enjoy life, but one day he suddenly woke up in a dream, and Lei Jun felt that he had achieved nothing.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

At this time, the host quipped: "With a lot of cash in hand, I feel like I can't achieve anything."

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Lei Jun said: "This is incomprehensible to ordinary people, others may think a little pretending, but this is to open everyone's pursuit, if a person wants to do something great, you are not great at the age of forty, and the frustration in my heart is very strong."

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41
"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

So Lei Jun was wondering if he still had the courage and determination to do one more thing.

Under this idea, in 2010, 13 founders such as Lin Bin, Li Wanqiang, and Huang Jiangji were united to announce the establishment of Xiaomi Technology Company after eating a bowl of millet porridge.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

After its establishment, the main business of mobile phones, with a price of 1999, cost-effective, strong entry into the market, a firm foothold, in 2012 sold 7.19 million units, in 2013 18.7 million units successfully ranked among the forefront of China's mobile phone industry, and then successfully listed, and then only took 9 years to become the world's top 500 companies.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Since then, Lei Jun has become a well-known figure, not only the chairman of Kingsoft Co., Ltd., the chairman with the most shares, but also the head of Xiaomi Technology Co., Ltd., which is enough to go down in history.

epilogue

A few romantic figures, but also look at the present day, Lei Jun's entrepreneurship can be described as a model of self-made, no background, no connections, only relying on personal wisdom, personal efforts and the trend of the times to achieve Jinshan, Xiaomi Empire.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Others on the Internet have commented on him like this, you can dislike Xiaomi, but you have to admire Lei Jun's entrepreneurial wisdom.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

However, wisdom alone is not enough, just talking about not practicing fake tricks, you also need an iron will.

Lei Jun himself said in the live broadcast that his success comes from diligence and hard work, which is not false at all, this is certified and admitted by peers, and the recognition of peers is the best way to prove his success.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Yao Jinbo, the founder of 58.com, said:

"I think Lei Jun is a particularly hard-working model worker in this circle, every time I am tired, I think that Lei Jun may still be working, and I feel a lot better."
"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

Maybe Xiaomi's habit of price volume on the product is created from the work volume,Lei Jun can be called the "king of the volume king" at work,Only sleep 4、5 hours a day,There is no edge to work,Working until the early hours of the morning is really commonplace,Lei Jun also explained"1、2 o'clock in the morning is the usual time point in the IT circle",Xiaobian is very puzzled when I see this,Stay up late like this,Why doesn't your hair fall out?

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

So no one can succeed casually, Lei Jun didn't do it overnight, he did it with his life, and it couldn't be smooth sailing, Lei Jun himself broke the news that he was anxious when he was at a low point in his life, couldn't sleep, and almost went to open a bar, so there may not be the current Xiaomi empire.

"Cash King" Lei Jun: Jumped for half a year during the trough period, revitalized Jinshan, and created Xiaomi at the age of 41

It is not so much that Lei Jun is a cool life, but that Lei Jun's life is a pure self-made struggle.

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