The rapid development of headline news quickly attracted the attention of major capital.

Many people came to Luo Xiu and wanted to invest money in him.

However, Luo Xiu had no financing plan for the time being and declined them one by one.

In 2017, Byte sold 9% of its equity and received US$2 billion in Series E financing, with the company valued at US$22.222 billion.

A year later, in 2018, Byte sold only 5% of its equity and received US$4 billion in Pre-IPO financing, with the company valued at US$80 billion.

Earlier, in 2012, when Byte was founded, it could only receive an angel round investment of 1 million soft sister coins. The amount of equity transferred was not disclosed, but it was certainly not less than 10%.

Of course, that investment was necessary for the original Byte, but for Luo Xiu, it was a bit too much of a loss. Even 20% of the equity could not be exchanged for much money.

It's more cost-effective to spend your own money first while you can still get it.

Toutiao News is just a pioneering product of Pinru Technology. It will be truly valuable in the future when 4G networks are popularized and live broadcasts and short videos rise.

At that time, he not only needs to exchange shares for money, but also for more other capital to resist that huge risk.

The same goes for rice balls. The Thousand Tuan War is just a bubble that will soon burst. The future takeout subsidy war will be the real cruel battlefield, so he endured not getting financing.

It is now August 16, 2011. 4G has been officially commercialized, but my country only began to issue 4G licenses in 2013, and then entered a stage of rapid development.

The speed of 4G is unimaginable for users with 5 yuan and 30M traffic.

People jokingly said that they didn't see a house in one night.

In the future, there will also be animal world wars with pandas, fighting fish, and tiger teeth, red envelope wars during the Spring Festival Gala, takeaways, and taxi rides...

Thinking about it makes me a little excited.

It's a pity that all this comes from the development of technology. 4G has not yet arrived, so Luo Xiu can only wait.

The only thing he regrets is that he has traveled back in time from 2020 and failed to see the more distant future, what epoch-making applications 5G has spawned, and what epoch-making companies have been born.

Let me repeat, it is August 16, 2011.

Luo Xiu sat at the Xiaomi 1 press conference and watched Mr. Lei deliver a passionate speech on the stage.

Mr. Lei said on stage that he wanted to make a mobile phone for enthusiasts.

So what kind of mobile phone do enthusiasts like to use? First of all, it must be dual-core, secondly, it must have large memory, and it must have a large screen...

Every parameter uttered elicited thunderous cheers.

Next, Mr. Lei showed a parameter table. The first row was Xiaomi's parameters, and the following rows were the latest dual-core mobile phones from several popular brands, including HTC, Samsung, MOTO, and LG.

Luo Xiu felt a little emotional when he saw this watch. Among the mobile phone brands in the future, only Samsung will be left. Even Samsung has lost the domestic market.

The first column is the processor parameters. Xiaomi's is dual-core 1.5GHz. Several other models are also dual-core, but only 1.0GHz or 1.2GHz.

The second column is memory, Xiaomi also has the highest 1GB, while other brands range from 512MB to 1GB.

Next is battery capacity, screen size, resolution, and camera. Xiaomi ranks first in almost every category.

The difference is that the last price of Xiaomi is covered with a question mark, while the price of several other mobile phones is as low as LG’s 2,575 yuan (parallel import) and as high as Samsung’s 4,999 yuan.

This is also the current common price of smartphones, with mainstream prices ranging from 3,000 to 5,000.

Mr. Lei said passionately on the stage: "Xiaomi lags behind its peers in none of these core indicators. We use the same first-class suppliers, the same first-class assembly plants, the same first-class testing process..."

"The parallel-imported LG sells for 2,575 yuan, and the licensed Samsung sells for 4,999 yuan. How much do you think Xiaomi should sell it for?"

At this time, an audience member shouted loudly: "5000!"

There are also people shouting 6000, 7000, or even 8000, but I don’t know if they are asking for it.

Mr. Lei smiled and switched to the next page of PPT.

The page displays a big question mark with a line of text under the question mark: Xiaomi mobile phone retail price

This reminded Luo Xiu of those awards shows where the host talked a lot but didn't mention the name of the winner.

After leaving enough suspense, switch to the next page of PPT.

There is only one huge one in the entire page:￥1999

Seeing this price, the audience immediately became excited.

The roaring and tsunami-like sound lasted for about a minute before slowly stopping.

…

"Everyone must be curious about how to buy this mobile phone. I would like to ask my investor, Mr. Luo, to introduce it to you."

Because of Luo Xiu's participation, this press conference was slightly different from the previous one.

In his previous life, Lei would always introduce to the audience how to buy Xiaomi mobile phones and launch a Xiaomi online store.

Now, this part will be explained by Luo Xiu.

"When I was in the audience just now, I was thinking about a question, which is, what changes has technology brought to our lives?"

Luo Xiu has experienced many big scenes, which allows him to stand on the stage calmly and talk freely in front of this group of fanatical Xiaomi fans:

"Computers were once a luxury item that was out of reach for ordinary people. When Bill Gates started his business, he said that everyone should have access to computers."

“I don’t know how much Bill Gates has contributed to the popularization of personal computers, but I know that it is precisely because ordinary people can afford computers that the domestic Internet can give birth to Baidu, Alibaba, Tencent...all these familiar names to us

Internet companies.”

"Our generation of entrepreneurs has missed the Internet era, but I firmly believe that with the development of technology, our era is coming, and that is the mobile Internet."

"So I created Fantuan, a mobile application that allows people to easily shop and order food by picking up their mobile phones, making our lives more convenient."

"But smartphones are still too expensive for most people. If smartphones can be made cheaper and everyone can own a smartphone, then Fantuan's business will expand infinitely."

"So I found Mr. Lei and asked him if you could be our country's Steve Jobs... Bah, no... I asked him if you could be our country's Bill Gates so that everyone can use smartphones?"

"To this day, I am here to witness the price of 1999 with everyone. I think Mr. Lei has not let us down."

"In order to achieve this price, Mr. Lei and I jointly decided to cut off all offline dealers and only sell on Fantuan.com."

"Please remember that on August 29th, Xiaomi mobile phones will be officially launched on Fantuan.com."

"At the same time, I promise that the sales of this mobile phone will not make anyone a penny!"

…

After Luo Xiu finished speaking, thunderous applause erupted once again.
Chapter completed!