285: Chapter 285 Lin: Oh no, we didn't make any money, and Old Lei got so angry he went crazy.

At this moment, Lei Jun's expression was very subtle. Even though it was clearly Xiaomi India, Anil referred to it as Reliance Xiaomi on every occasion.

Some might say it's just a name, is it really worth being so petty about?

But this involved the issue of management rights, as well as Anil's attitude.

Therefore, he had never regarded Xiaomi India as an investment, but rather as his own possession.

After seeing this subtle expression on Lei Jun's face, he just smiled.

"I propose a capital increase and share expansion."

Lei Jun's expression did not change; he wanted to see what kind of tricks Anil would pull.

The Vodafone shareholder spoke up: "Mr. Anil, what is the specific plan for the capital increase and share expansion? Could you inform us? We need to report it to the board of directors."

"Reliance will add an investment of $31 million, and Xiaomi will add $67 million proportionally, or provide permanent patent licenses of equivalent value. Otherwise, the new shares will be allocated according to the actual capital contribution."

Anil didn't smile at all while speaking, as if this were the best choice for Xiaomi India.

But Lei Jun laughed; he, the largest shareholder, hadn't even spoken yet, and the other party actually...

"Mr. Anil, Xiaomi currently has no plans to add investment.

Moreover, as the largest shareholder, I do not agree with this capital increase and share expansion plan.

Legally speaking, as long as I do not agree, the plan cannot pass."

After all, although Xiaomi had been played by Anil once, it still held 67% of the shares and still enjoyed absolute control.

Anil's expression froze instantly.

"Mr. Lei, xiaomi note is selling so well, shouldn't we strike while the iron is hot?

Expanding production capacity, expanding channels, expanding R&D—which of these doesn't require money, and which one isn't about accumulating advantages?

Mr. Lei, there's no need to sulk with me over this bit of control and miss the golden window.

Doing so will only benefit Transsion."

When mentioning Transsion, Anil deliberately emphasized his tone.

His foolish brother thought that introducing Transsion would make him feel anxious.

But in reality, Transsion was his best sharp sword.

"Xiaomi has its own rhythm," Lei Jun's voice carried a hint of displeasure, "and it doesn't need an outsider like Mr. Anil to teach us."

The atmosphere in the conference room became tense.

After all, Anil was most afraid of others criticizing him, especially with such an ugly word as "outsider."

The representative from Bharti Telecom, acting as the mood setter, quickly eased the atmosphere.

"Mr. Lei, the window period in the Chinese market was very short.

India is the second-largest market after France; you can use China as a reference for this window period.

However, given our economic development here, the window period might be even shorter.

Transsion is already laying out its plans; if Reliance Xiaomi doesn't accelerate, it might be left behind."

"That's right, Mr. Lei. Opportunity waits for no one; if you miss it, you'll regret it.

To use an old Chinese saying, there is no medicine for regret in this world."

The Vodafone representative also chimed in.

Lei Jun glanced at these two opportunists and then mocked,

"You two, the affairs of Xiaomi India seem to have nothing to do with Bharti or Vodafone, right?

After all, with 1% of the shares, just being a listener is enough."

The expressions of the two representatives changed, turning into that look of "Lei Jun, you don't know what's good for you."

Anil had calmed down by now, after all, he was indeed covetous.

"Mr. Lei, they are the consultants I invited.

The development of Dami Company concerns the entire Indian electronic ecosystem.

As you said, they also have 1% of the shares and are entitled to speak."

Lei Jun stared at them; it seemed the other party had come prepared today.

"Mr. Lei. If you don't want to increase capital, that's fine.

Then start the Indian localization plan, build factories in India, and establish R&D funds in India.

This was the promise you made to Reliance initially, and it was the key reason for obtaining those preferential conditions."

Lin Bin's expression suddenly changed; he had forgotten about this.

When the joint venture contract was signed, Reliance had added a condition at the last moment.

To ensure the interests of both parties in the joint venture, the Indian factory had to be started within two years; otherwise, the Reliance side would have the right to convene a shareholders' meeting to force a capital increase.

Lin Bin leaned over and whispered these words into Lei Jun's ear cautiously.

Lei Jun nodded, but he wasn't particularly worried and continued to look at Anil.

"Mr. Anil, regarding the construction of factories, I emphasize again that Xiaomi also has its own rhythm, and now is not the time."

"Then when is the time?"

Anil's voice raised significantly, and Jack clearly felt that the other party's patience was running thin.

"Mr. Lei, Reliance Xiaomi is a joint venture. It is not a subsidiary of Xiaomi. You cannot make all the decisions alone.

Otherwise, we wouldn't have been subsidizing it all this time."

"I am not making the decisions alone either," Lei Jun stood up, still wearing his smile, "The board of directors votes. Now, let's vote!"

After saying this, he raised his hand directly.

"Xiaomi opposes the capital increase and share expansion, opposes building factories, and opposes establishing an R&D center. The specific timeline will be explained at the next meeting."

Anil raised his hand: "Reliance approves."

Although they all looked at the other two companies, the representatives of Bharti and Vodafone also followed suit and raised their hands in approval.

Four votes to two—it seemed Anil had won, but in reality, that was not the case.

Lei Jun stood there smiling and said: "Mr. Anil, their shares haven't reached 5%, so they don't have voting rights.

Even if they did, Dami Company holds 67% of the shares, so I can exercise a veto."

"Mr. Lei is correct, they don't have voting rights," Anil smiled, "but they are important channel partners for Dami Company.

If Dami Company doesn't build offline factories on time, will their subordinates have any opinions? If that happens, it won't be good for Xiaomi's sales."

Lei Jun opened the report handed over by the other party, and sure enough, he saw a joint signature on the last page.

Hoping that India would have a factory of its own.

But the continuous pressure also made Lei Jun's temper flare up.

"Mr. Anil, you win. But Xiaomi will not add investment.

For building factories and the R&D center, Reliance should pay for it themselves, right?"

He stood up and walked out of the conference room with Lin Bin.

Back in the car, Lin Bin couldn't hold it in anymore.

"Mr. Lei, Anil is forcing us, constantly threatening us with channels.

As long as we are still in this market, they can legitimately threaten us until they swallow us up."

Lei Jun nodded. He understood all these principles, which was why he hadn't started the authorization work for Xiaomi.

When xiaomi note accelerated half a month ago, the other party had already played some tricks in this regard, but he had stopped them... Now it was the same...

Could it be that India really wasn't his land of glory?

Did he really have to head to Russia! But there were even more problems over there.

Immediately, Lei Jun sighed softly.

"Drag it out. Drag it out until Transsion and Huawei start fighting domestically, and then we will still have a chance."

Lin Bin, who was beside him, stared at him instantly. It seemed Old Lei had been stimulated to the point of collapse; he had even started talking nonsense...

It's bad! We didn't make any money, and his brain has also been...

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