On the afternoon of November 19th, the first World Internet Conference was opened today in Wuzhen, Zhejiang. The conference lasted for three days and was based on the theme of “Connecting and Sharing, Sharing and Co-governanceâ€. Thousands of political leaders and Internet leaders from more than 100 countries will discuss the development of the Internet and future trends in the context of globalization.
On the afternoon of the 19th “Internet to Create the Future: Building an Online Global Village†sub-forum, Xiaomi Technology founder Lei Jun delivered a speech entitled “Smart Home to Lead the Future World†and pointed out that the most important innovation of Xiaomi’s model is actually very simple. The first company sold the hardware at a near-cost price and used this to build a mobile internet platform. Xiaomi’s mobile phone was just three years ago. This was a step-by-step process that became a reality in a short period of three years, through smart terminals. Building a huge mobile internet platform and then doing value-added services on it is our basic model.
Xiaomi now has 70 million active users in the entire platform, and will exceed 200 million users in one year. The global market has just started. In the past year, we have opened up 6 markets, including Hong Kong, Taiwan, Singapore and Malaysia. The six markets in India, India and Indonesia have recently been the main markets for us in India. I believe that with this model, after 5 to 10 years, Xiaomi will have the opportunity to become the world’s number one smartphone company.
The following is a record of Lei Jun's speech:
Hello everyone, I am very honored to have such an opportunity to communicate with you. Before the exchange, I would like to share with you two figures. First, Alibaba’s platform has created two world records in the past two days of the 11th. The first one sold 57.1 billion items a day, ranked first in the 57.1 billion Xiaomi single store, and sold 1.56 billion yuan. , accounting for a total of 3% of Tmall's turnover. Second, Tmall sold 1.89 million mobile phones on that day, of which Xiaomi sold 1.16 million, accounting for 61.3%. Therefore, Xiaomi should have a very clear advantage in the Internet mobile phone.
The second to share with you, IDC reported that in the third quarter of this year, Xiaomi’s share of the Chinese market ranked first, and the world ranked in the top three.
What do I want to say to these two figures? The most important innovation in Xiaomi’s model is actually very simple. The first company sold the hardware at a price close to the cost, and used this to build a mobile Internet platform. Xiaomi’s mobile phone was just listed three years ago. It’s been a short time of three years. The situation has become a reality step by step, through the construction of a huge mobile Internet platform with smart terminals, and then doing value-added services on top, this is our basic model.
With such a model, especially smart terminals, because smart terminals are increasingly becoming the center of the world, and more and more peripherals are connected with the smart hardware. We have followed this idea and the main task during this period of time is Establish a sound ecological chain of intelligent hardware.
In the past year or so, we have invested 25 companies to help us improve the entire ecological chain of intelligent hardware, such as network monitoring heads, smart blood pressure monitors, and a variety of other intelligent hardware. This step by step will continue to increase the viscosity of the user base we have, and more and more value-added services will be provided. To simplify it, it is the combination of hardware, software, and the Internet that is the core of Xiaomi's pioneering of this model. This model has taken a new path.
We now have 70 million active users on the entire platform and more than 200 million users in one year. The global market has just started. In the past year, we have opened up 6 markets, including Hong Kong, Taiwan, Singapore and Malaysia. The six markets in India, India and Indonesia have recently been the main markets for us in India. I believe that with this model, after 5 to 10 years, Xiaomi will have the opportunity to become the world’s number one smartphone company. If this day comes, perhaps we have a bigger platform to launch on a global scale. This is what I want today to report Xiaomi's progress and what Xiaomi wants to do in a very simple language.
On the afternoon of the 19th “Internet to Create the Future: Building an Online Global Village†sub-forum, Xiaomi Technology founder Lei Jun delivered a speech entitled “Smart Home to Lead the Future World†and pointed out that the most important innovation of Xiaomi’s model is actually very simple. The first company sold the hardware at a near-cost price and used this to build a mobile internet platform. Xiaomi’s mobile phone was just three years ago. This was a step-by-step process that became a reality in a short period of three years, through smart terminals. Building a huge mobile internet platform and then doing value-added services on it is our basic model.
Xiaomi now has 70 million active users in the entire platform, and will exceed 200 million users in one year. The global market has just started. In the past year, we have opened up 6 markets, including Hong Kong, Taiwan, Singapore and Malaysia. The six markets in India, India and Indonesia have recently been the main markets for us in India. I believe that with this model, after 5 to 10 years, Xiaomi will have the opportunity to become the world’s number one smartphone company.
Xiaomi Technology Founder Lei Jun
Hello everyone, I am very honored to have such an opportunity to communicate with you. Before the exchange, I would like to share with you two figures. First, Alibaba’s platform has created two world records in the past two days of the 11th. The first one sold 57.1 billion items a day, ranked first in the 57.1 billion Xiaomi single store, and sold 1.56 billion yuan. , accounting for a total of 3% of Tmall's turnover. Second, Tmall sold 1.89 million mobile phones on that day, of which Xiaomi sold 1.16 million, accounting for 61.3%. Therefore, Xiaomi should have a very clear advantage in the Internet mobile phone.
The second to share with you, IDC reported that in the third quarter of this year, Xiaomi’s share of the Chinese market ranked first, and the world ranked in the top three.
What do I want to say to these two figures? The most important innovation in Xiaomi’s model is actually very simple. The first company sold the hardware at a price close to the cost, and used this to build a mobile Internet platform. Xiaomi’s mobile phone was just listed three years ago. It’s been a short time of three years. The situation has become a reality step by step, through the construction of a huge mobile Internet platform with smart terminals, and then doing value-added services on top, this is our basic model.
With such a model, especially smart terminals, because smart terminals are increasingly becoming the center of the world, and more and more peripherals are connected with the smart hardware. We have followed this idea and the main task during this period of time is Establish a sound ecological chain of intelligent hardware.
In the past year or so, we have invested 25 companies to help us improve the entire ecological chain of intelligent hardware, such as network monitoring heads, smart blood pressure monitors, and a variety of other intelligent hardware. This step by step will continue to increase the viscosity of the user base we have, and more and more value-added services will be provided. To simplify it, it is the combination of hardware, software, and the Internet that is the core of Xiaomi's pioneering of this model. This model has taken a new path.
We now have 70 million active users on the entire platform and more than 200 million users in one year. The global market has just started. In the past year, we have opened up 6 markets, including Hong Kong, Taiwan, Singapore and Malaysia. The six markets in India, India and Indonesia have recently been the main markets for us in India. I believe that with this model, after 5 to 10 years, Xiaomi will have the opportunity to become the world’s number one smartphone company. If this day comes, perhaps we have a bigger platform to launch on a global scale. This is what I want today to report Xiaomi's progress and what Xiaomi wants to do in a very simple language.
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