Reborn Entrepreneurial Giant

Before Honor was listed, Youku was the first to go public, with a market capitalization of US$2.5 billion and a market value of US$5 billion at the opening. The nationwide copyright war gave Wall Street plenty of room for imagination, and its valuation was US$1.2 billion more than the US$1.3 billion in the same period in history Dollar.

In this IPO, Vision Investment has reduced the shareholding ratio to less than 15%. It is the second largest shareholder after the founder team, and has recovered the investment cost, leaving about 15% as a net profit.

Gu Yong came back from the United States and invited Qu Li to dinner and a celebration banquet, but he was still busy reducing costs at the Xingsha factory. From processing equipment to technology, and the transformation of supply chain enterprises, this is a big project.

From Jumei to Glory, and then to Qiancheng Motors, Qu Li has always paid attention to supply chain management, and paid attention to the modernization of the company through process. At least he has a lot of experience in preventing corruption. Even if it is a group of second-rate talents, as long as they move in the right direction, Qiancheng Auto will continue to improve.

The progress of the domestic automobile industry is overall upward. Qiancheng Motors is located in an inland province, so it is understandable that the progress is slow. Qu Li recruited a lot of people from the coast, especially GAC Toyota. All aspects are better than before. There are also some problems caused by different corporate cultures. Qu Li is not considered strong in Jumei Glory, but he is the undisputed leader in Qiancheng Automobile.

Fortunately, Qu Li pays attention to methodology and logic in doing things. He is not afraid of embarrassment, embarrassment, or making mistakes. Anyway, no one can drive him away, no one can be disobedient, afraid of being a bird? Qu Li's attitude determines whether the executive team dares to tell the truth. Since Qu Li is not afraid of losing face, never retaliates, and can really help the executives solve difficulties, then there is something to talk about. The overall atmosphere of Qiancheng Automobile is very good at this stage.

During the Spring Festival, the sales volume of Qiancheng Automobile declined and the factory shut down. Now it is gradually returning to normal. The sales volume of Qiancheng CS6 may exceed 5,000 units per month. With the sales volume, it is natural to negotiate prices with suppliers, including the Cheetah Feiteng that Qu Li focuses on. The Cheetah Automobile’s factory in Hengyang has been remodeled very quickly. The difficulty of assembly is not high, and it will be available for sale in the first half of this year.

The sales channels of Qiancheng and Cheetah have a lot of overlap, but Xia Mingfei asked me to expand the sales channels of Qiancheng Motors to 500 this year. Cheetah Motors is operated by Changfeng Group. 300 is the base number. How much can we see? They are lucky, "Wuling Hongguang" is such a cheap and easy-to-sell car, if it cannot be fully utilized, it will be too disappointing.

Originally wanted to go back to Beijin, but because of the matter with Cheetah and Changfeng Group for a long time, Changfeng took back almost all brands including Cheetah Black King Kong, and Qiancheng Motors kept the newly applied "King Kong" brand.

Someone commented on Weibo and Zhihu that Glory paid billions, bought a shell, and made a loss-making transaction. Qu Li is too young and not familiar with the domestic situation, so why does he follow the rules of the market economy game like foreign countries... …

A group of people began to feel sorry for Qu Li, a rich man, which made him a little confused. As one of the centers of Internet traffic, there was also a financial expert who analyzed Qiancheng Auto's financial report and concluded: "This is rubbish", okay? , the original words are not like this, but the meaning is similar.

Qu Li’s attack on a certain A-share supervisory committee finally caused a backlash. He is not particular about his work. A certain supervisory committee has repeatedly released the matter of Honor’s acquisition of Qiancheng Automobile (the acquisition of more than 30% of the listed shares triggers a general tender offer, unless a certain supervisory committee Exemption), which has given me great convenience, now I turn my face and deny people, and I have the nerve to criticize them, it is too shameless.

This time, seeing someone analyze Qiancheng Auto's financial report in a clear and logical manner, Qu Li finally did not hesitate to refute. He took out this report to enjoy with everyone, and discussed the various problems of Qiancheng Automobile, as well as improvement measures.

Lei Jun urged him several times in Beijin, and finally left Xingsha City, and replied on Weibo to the person in charge of a certain supervisory committee: "I read the article of this securities analyst, it is very good, we Discussed several times in the company and found that there are indeed some problems..."

"Some problems can be changed immediately, and some problems can't be changed temporarily. It's not that we can't do it, but that entrepreneurs have a different way of thinking from securities analysts and can sacrifice short-term interests for long-term interests. The main reason is of course not these, Qiancheng Automobile has a huge advantage that other companies do not have. I can adhere to long-termism and do difficult but correct things. Simply put, I am not short of money and I am not in a hurry to make money. As long as I am not in a hurry, there are fewer opportunities for Qiancheng to make mistakes ..."

Qu Li liked the critics' Weibo and soon became popular. He felt that he had the rhythm to become "Musk". What's so interesting about financial news, he might as well watch celebrity gossip. This year's netizens are not good.

"Qu Li accepts criticism with an open mind, but he will not change it!" Someone summed up Qu Li's speech on Weibo very brilliantly.

"Unrepentant Qu Tianming" Someone gave him such a nickname, and it feels far less interesting than Repentant Ali Jack, an ordinary family pony.

Back at the headquarters of Glory in Beijin, everyone welcomed the return of "Qu Tianming who never repents". The shareholder meeting before the listing of Glory officially started.

Of course, the composition of the board of directors is mainly based on the founder and management team of Glory, Qu Li, Li Yinan, Lei Jun, Chen Jingqiu, Pavo who is in charge of the supply chain, and Da Duo who is in the marketing department. There are external directors and independent directors. Named, anyway, is a passerby.

Basically, 70% are Chinese, and 30% are crooked. Well, there are 11 members of the board of directors, 4 crooked people, three Bairen, one Dongying person, 5 middle-aged women, and 2 Singaporean and Xiangjiang Chinese. Such a combination is possible. Accepted, after all, two of the white men are still the management of Glory.

This is the first board meeting before the listing, to determine some details of the listing. Mr. Lei also needs to explain some current matters of the company, such as patent reconciliation with Apple, cooperation with Microsoft including patent licensing fees, etc.

As for innovative businesses such as automobiles and drones, in fact, they can all be classified as "others". Adding a billion dollars or so in revenue.

"Why should we settle with Apple?" Some directors were puzzled. Looking at it through the eyes of those who have experienced it, it is natural to know that it is unrealistic to ban the sale of Apple's iPhone, but those who believe in market competition and the legal authority of the United States will definitely not see it this way, even in the end. The lawsuit has failed, the glory has not been lost, and the settlement now looks like a show of weakness.

Qu Li didn't say a word, he needed time to observe, even if he became a director of Glory, he might not consider the overall interests of Glory, just like the lawyer hired by China Star actually betrayed them, it can only be said that some people in the country are partial to ideals Doctrine, the myth of "fiduciary responsibility".

Qu Li now doubts even his own people, let alone completely trust outsiders. But dancing with wolves is the basic strategy he has set. Inviting crooked nuts to share the benefits of glory, the longer the time, the more entangled they become, and it is difficult to let go. In peacetime, who would dare to blow up his own people and the enemy together?