Reborn Entrepreneurial Giant

Although there is still no information about the situation of Shopee and Sun Moon Fenghua, Qu Li still returned to Beijin to continue discussing the financing or listing of Glory.

Riyue Fenghua can independently raise funds, and the income from the Jumei platform is included in the third party. The income from Taobao, Shopee, and Amazon will be calculated separately. The exact number has not yet been calculated. Shopee Ping is not bad in the US market, but in the European Union, Japan and South Korea have not opened up the situation, there is income but no profit, or the growth rate of income is not as expected.

Qu Li himself is not in a hurry. The existence of Shopee itself is an accident. The development of Jumei in China has exceeded his expectations. It is impossible for him to take all the good things in this world. Besides, temporary difficulties mean nothing. Jumei has not formed a strong corporate culture, but can learn how to survive in a complex environment.

The news that Glory is raising funds has been known by many people with great powers, and they have come to the door one after another. Not to mention the original shares of Dinghui and Victoria Harbor, including Xiangjiang Investment, they must have no chance. Singapore Temasek, Russia DST, and Softbank who just came out of the quagmire , as well as the global management of Apollo, which cooperates with Infineon and Vision Investment...

Since Qu Li wants to focus on the EU as the focus of market development, European capital must be indispensable. Deutsche Bank, as a major European bank that has been repeatedly suppressed by the United States, can naturally be recruited. This is also recommended by Deutsche Telekom.

More and more people know about it, domestic capital flocks here, looking for connections everywhere, even Zhang Yiwen went to Beijin, everyone knows that this is a feast for capital.

Leaders from the Ministry of Industry and Communications and other relevant departments met with Qu Li to learn about the situation. Hearing that Honor's estimated revenue in 2010 exceeded 30 billion U.S. dollars and its net profit exceeded 20 billion soft sister coins, it is impossible to say that there is no motivation in his heart.

It’s not that he was intimidated by the money. There are many state-owned enterprises that are better than Glory, but it’s only been 4 years since Glory was established in 2006. .

Not only that, Honor and Apple have cultivated one supply chain company after another in China, the most famous ones are BYD Electronics and Futukang...

BYD Electronics, as the foundry of Glory, has tripled its stock price since its listing.

Apple and Honor are companies that can drive the industrial development of a country and region, just like when Tesla entered the domestic market, its value is far beyond the tax revenue they directly contribute.

It may be an exaggeration to say that without Apple, the domestic smartphone industry chain cannot develop, but the growth of fruit chain companies does rely heavily on Apple. Then why didn't the A-share market form a Huami OV supply chain company with a relatively large scale and market value? Many self-media say that Apple is very harsh on supply chain companies. This should be true, but why not use Huami OV supply chain companies for comparison?

The leaders of the Ministry of Industry and Research naturally look at the problem from the overall situation. The value of Glory has exceeded the tax revenue he contributed, and it can enhance the country's scientific research strength. To say that Glory surpasses Huawei at this time is naturally bragging, but who dares to say that Glory doesn't have this potential?

No, Honor's revenue in 2010 was about 30 billion US dollars, and someone from Huawei thought it only had a revenue of more than 20 billion US dollars this year. So, in terms of revenue and profit, Honor surpassed Chrysanthemum Factory and became the largest private enterprise in China?

Qu Li suddenly felt that he was getting bigger and bigger, and he had to take it step by step. Under normal circumstances, it is true that so many mobile phones can be sold, but it is unknown whether they can be produced. Based on the cost of a mobile phone or tablet computer at 200 US dollars, 10 million units is 2 billion US dollars. Honor sells 60 million mobile phones and tablets. Where does the production cost of 12 billion US dollars come from? Is it to compress the inventory cycle and do supply chain finance?

The Ministry of Industry and Research held meetings for several days to discuss the issue of Honor’s financing and listing. Qu Li said that it would raise funds at a valuation of US$50 billion and go public at an IPO at a valuation of US$100 billion. It is not generally difficult to win domestic A-shares. One day the domestic financial market will be opened, I believe the situation will be much better.

The valuation plan given by Qu Li is not scientifically rigorous, but he promised that the financial data is true and reliable. The company's business is mainly based on smartphones and smart devices. The annual R\u0026D investment is between 5% and 10% of revenue. Electric car included. In order to build a car, Qu Li can make more sacrifices, including equity incentives out of his own pocket!

"The pure electric vehicle data developed by Qiancheng is close to that of Tesla, and there is great hope of success..."

Qu Li will not give up the development of pure electric vehicles, and will study autonomous driving in the future, and realize the "Internet of Everything" through smartphones, all kinds of ideas that seem exaggerated.

Not only that, Honor is not a "narrow" medium-sized company. The international talent pool, supply chain all over the world, the patent cooperation with Qualcomm, and the procurement contract with Samsung all prove Honor's professionalism and maturity.

"I want a veto that is not linked to shares." Qu Li put forward his request

"Why not super-vote?"

"Will everyone agree?" Qu Li wasn't very confident. He wanted more than that. The most important thing was whether he could bring help to Glory. He had enough shares.

"Glory's success is inseparable from you, it's your foresight..."

These financial institutions are not good men and women. They did a lot of research before investing, and they have a deep understanding of Qu Li, Li Yinan, and Lei Jun. They know that Qu Li has a great influence in Glory.

Qu Li actually wants a veto that can be inherited, but he thinks it is meaningless. When the company was strong, he didn't want to give up anything, but most companies have cycles, and there are not many technology companies that can maintain long-term competitiveness. Every era has its protagonists.

Qu Li’s idea of ​​super voting rights, although there were some small twists and turns, disappeared quickly. The investors were too enthusiastic, and Glory had almost no obvious shortcomings. This Pre-IPO is equivalent to giving money.

Glory has a total share capital of 150 million. This time, the financing is based on US$330 per share, no more than 10 million shares, and US$3.3 billion accounts for about 6%.

US$3.3 billion is only one year’s net profit. The meaning of financing at this time is not only to prepare for the listing, but also to supplement cash flow and clear up some debts. After all, Honor has already owed a lot of money in the entire supply chain.

The choice of investment institutions is the most difficult, which requires strong information capabilities, so there is no rush, and both parties need to make further explorations. Qu Li took the time to pay attention to the progress of the Honor Super Bowl promotional video, and gave Liu Yifei an endorsement contract beyond her current status to speak for the Honor brand: a girl was riding on a self-balancing scooter in the field, her upper body swaying in the wind, holding a G4 in one hand On the mobile phone, a drone flies by, showing the perspective of the drone by the way.

It seems that there is no tablet computer, don’t worry, if you don’t need a tablet to control the drone, you can view the pictures taken by the drone in real time. This function should be able to be realized in 2010, right?