After talking about his Xiaomi phone a bit earlier, Lei Jun moved on to share more of his entrepreneurial story. Lei Jun revealed that he has invested in 20 companies so far and about 17 or 18 of them have received VC funding, to a sum total of US$1 billion USD. TechCrunch moderator Sarah Lacy double checked to see if the figure was $100 million but Lei Jun confirmed he hadn’t misspoken and that the sum is $1 billion. (There’s often confusion between Chinese and English translation when it comes to numbers.)