Reborn Entrepreneurial Giant

In Beijin, Qu Li welcomed many suppliers who came to Honor to inspect and confirm orders, such as Samsung for LCD panels, Texas Instruments for processors, memory chips...

Losing Nokia as a major customer, Texas Instruments belatedly discovered that there is a substitute for Honor, but it is too late now, Qualcomm is almost the father of all smartphone companies.

Qu Li received the uncle of Texas Instruments once, and then gave up. It is better to maintain Samsung, the other uncrowned king besides Qualcomm. The best screen is for yourself, followed by the iPhone, and the last third-class product is for Chinese companies. Leib Si offended Samsung because of the employees of the company, and finally ran to the kimchi country several times to save the situation.

During the subprime mortgage crisis, Samsung did encounter some difficulties. At this time, it must not only stabilize customers, but also use their tried-and-tested tricks: increase semiconductor and display production capacity, and achieve counter-trend expansion while attacking competitors through price wars.

In terms of foresight, Huawei is probably the only one in China that can compete with Samsung Electronics. The strategic vision and courage of the Samsung Li family are top-notch in the world. Otherwise, there would be no complete smartphone industry chain. Has the world's top level.

Qu Li dreamed of owning a company similar to Samsung Electronics, which would definitely surpass Warwick, and it would be difficult for the people of the United States to limit it. Unlike Glory who sacrificed a lot of long-term interests in exchange for the current rapid growth, between gains and losses, even if he re-examines it with the perspective of the next ten years, it is difficult for him to judge whether it is right or wrong.

"Have you decided?" Qu Li asked directly when he met Deng Feng of Northern Light Venture Capital. After this privatization, Spreadtrum Communications will strive to be listed in China and will dismantle the VIE structure.

"It's decided, let's privatize Spreadtrum Communications together." Deng Feng

Between holding shares and privatization, Qu Li chose privatization in the end, and then injected capital to set up a mobile phone chip design subsidiary. Honor will become the company's fixed shareholding ratio at 35%, which is convenient for Spreadtrum to consolidate its statements. In addition to the investment funds, it will also send money through commissioned research and development, but there is a premise that Honor has the right to choose to acquire this chip research and development subsidiary in the future.

As for when to buy, of course, after reaching an agreement with Qualcomm, when the annual sales of Honor mobile phones exceed 50 million units, it will have the strength to develop its own chips and operating systems.

Qu Li's doing so is equivalent to spending his own money to support Spreadtrum Communications, which is good for the original shareholders, but chip design itself is difficult, and baseband chips require long-term investment. There are too many competitors in the market. Compared with MediaTek and Marvell Web, Spreadtrum is really Is it competitive?

"Then let's act immediately!" Qu Li didn't talk nonsense, regardless of whether Spreadtrum Communications will succeed or fail in the future, anyway, he must invest, and he has no choice but to launch. Honor is also poaching top talents in the field of chip design, and will work at Spreadtrum to increase the recruitment and training of chip design talents. There is a shortage of talents now, so there should be no shortage of talents in a few years, right?

Soon after Qu Li and Deng Feng reached an agreement, the Vision Fund formally proposed an overall acquisition plan for Spreadtrum Communications whose stock price fell below 1 US dollar: to acquire Spreadtrum Communications at a price of 3.5 US dollars, with a total price of about 150 million US dollars, a premium of about 400%.

The total price is 150 million, but the Vision Fund had 15 million shares before, and Northern Lights also had 5 million shares, which accounted for nearly 50% of the total share capital of 43.93 million. The actual required expenditure was less than 80 million US dollars. Most management did not Not ready to cash out.

This privatization was not conspicuous at all in the context of the financial crisis. Although it was suspected of cutting leeks, who cares about it at this time, it is regarded as a conscience by many small shareholders, because Envision can complete this privatization at a lower price. privatization.

Domestically, there is a lot of attention paid to Vision Investment, which has recently gained a reputation. This investigation revealed many interesting things, such as the identity of Sun Jianhe, the person in charge of Vision Investment, such as Xiangcai Securities.

After some complicated operations, the Vision Fund has realized the holding of Xiangcai Securities, and officially took control of this securities company in Hunan Province that has been rumored to have a scandal with Lehman.

Some people want to interview Sun Jianhe, some people want to interview Qu Li, the privatization of Spreadtrum Communications is not something normal investors can do, so there must be needs other than investment, such as Honor mobile phones.

"Honor mobile phone and Spreadtrum Communication currently have no relationship..." Zhou Shaoning said in an interview with reporters

"What is the relationship between Naquli and Vision Investment?"

"This is his private matter, I don't know."

"Hurun has ranked Qu Li in the list of the 100 richest women in China this time, what do you think..."

"We don't pay attention to this."

Qu Li hid on Kaixin.com. After getting the money, Chen Binghao bought the pinyin domain name and bought the development team of Happy Farm, which accelerated the development of the international version of Happy Farm.

"It's really dangerous. I almost got caught by a gangster. They are contacting the seller..." Chen Binghao was afraid for a while.

"Being a business is not just playing tricks. Since you are the boss of Kaixin.com, you shouldn't have illusions. The world is diverse. If there are only good people, don't you think it's even more terrifying?" Qu Li enlightened him.

"When you say that, it seems to be true. How did you do it?"

"I am trembling, as if I am facing an abyss, like walking on thin ice. It is not easy to make money standing up, you have to be careful of the wolves from around."

"It's like walking on thin ice like you're facing an abyss, isn't that an exaggeration?"

"Do you think a company can succeed purely by luck, or do you think your ability is outstanding?"

Kaixin.com’s success came too fast and suddenly. This year’s users will be about 10 million, and next year there will be 70 million. However, in October this year, Qianxiang bought the kaixin domain name and established Kaixin.com, and Penguin imitated Happy Farm. The promising social networking site is mired in extreme passivity.

The founder of Kaisen.com is not like Wang Xing Zhang Yiming, who has gone through multiple rounds of entrepreneurship. He does not have rich experience, tenacious psychological quality, and the ability to withstand pressure. He is not strong except for complex problems.

Excellent entrepreneurs are an extremely scarce resource. Wang Xing is actually more suitable for investment than Chen Binghao. The Meituan model is not as evil as many people imagine, but how can I understand Meituan, but I can’t appreciate it.

Changing Quli or Dadongzi to do Meituan may not necessarily be better than Wang Xing. After all, if you want to pay social security for 6 million riders, you must have a very profitable project, but the upper limit of the takeaway profit is the naked eye. As you can see, the unit price per customer is close to 50 yuan. If it really costs 100 yuan a meal, how many middle-class people in the country should there be?

Wang Xing approached Da Quli again and proposed his own improvement plan, and hired an executive with rich media experience as the editor-in-chief to be responsible for content review.

Qu Li just wanted to scold her for being a seller. If you do Weibo, who will do Meituan?