Reborn Entrepreneurial Giant

On August 15, 2011, Google Larry Page announced that he and Honor would acquire Motorola Mobility at a premium of 63% for US$12.5 billion.

The details of the two companies' investment ratios and distribution plans were subsequently released, and stock prices fell to varying degrees.

What followed were various interviews, of course Lei Jun went to deal with the reporters. Of course he won’t reveal all kinds of inside information and details, but Google doesn’t want people to be misunderstood. “Insiders” reported that they contacted Motorola for acquisition negotiations after Honor went public. That's why I stepped in.

Although this acquisition is endorsed by Google, it still needs to pass the anti-monopoly inspections of the United States, China, the European Union, Japan and South Korea, which is a huge challenge. Except for a certain idea of ​​being naturalized, it seems that no Chinese company has had a successful acquisition in North America.

For a company like Glory, which has only been established for a few years, Qu Li believes that even if the final acquisition fails and loses tens of millions of dollars, it is worthwhile for Glory to have such an experience. At least those 3,000 patents have a high probability of being available unconditionally.

Apple and Microsoft were indifferent to this acquisition of Honor. Only Samsung, HTC, etc. were surprised, and they hadn't had time to jump up and down. Nokia didn't say anything about it.

Nokia's CEO is of Indian origin, and the current strategy is to give priority to MeeGo, followed by Android, and basically give up on Symbian. But in practice, Zhou Shaoning is in charge of the China region, and is responsible for the rapid replacement of Android smartphones at a rate of one new machine per month, covering all price ranges. The price range of 150-350 US dollars is very competitive, and the monthly sales volume seems to be about to break through. 1 million units.

The first MeeGo mobile phone was launched in June this year, but in August, the sales volume was only about 500,000. Although it was better than the same period in history, the good was limited, and it was not as good as the Honor Windows Phone system mobile phone.

Honor mate X received a lot of praise, especially from the professional media. Maybe this kind of voice attracted Nokia management. It is said that someone is developing a mobile phone with Microsoft system. Symbian and feature phones are still the best sellers of the fluctuating Nokia.

If the market share is divided according to mobile phone sales, Nokia is of course the industry leader, followed by Samsung, followed by Honor, Apple, LG, and ZTE. Yes, ZTE mobile phones have sprung up suddenly. Although I don’t know where the products are sold, the ranking is quite high anyway.

But even so, Honor's acquisition of Motorola still cannot surpass Nokia and Samsung, and it is still the third in the market. This is what Honor has emphasized. Anyway, this acquisition will not constitute a monopoly.

Qu Li participated in the follow-up public relations in the United States, understood the logic of it, and spent tens of millions of dollars in follow-up investment, trying to get the United States to approve the acquisition. Qu Li didn't know if it was useful or if he would be tricked, but in order to achieve his goal, he didn't dare not take it. Billions of dollars have been spent. If the acquisition fails because he is reluctant to bear tens of millions of dollars, he will be a big wronged.

Qu Li is a low-level citizen, and it is difficult to understand the rules of the game at the upper level. Fortunately, he shares common interests with Google, and Microsoft remains neutral. Apple has a headache because Motorola is suing, because iCloud infringes on moto's synchronization patent, and may lose a lot of money. Apple and Honor have reached a settlement agreement, and there will be no conflicts in the short term.

Another reason that makes Honor think that MI will approve the acquisition is that the iPhone has surpassed Honor in the North American market. Although KOS and Qinglong No. 1 are good, Honor is a Chinese company. information security. Of course, IPhone 4S product power is more than Honor is also an important reason.

Of course, it is impossible for Honor to admit that it has been surpassed by the IPhone. For this reason, it has increased differentiated publicity, promoting self-balancing vehicles, drones, sports cameras and Pentax cameras. It is very important for consumers to know that Honor and Apple are different consumer electronics companies. If you can't find differentiation on mobile phones, look for it at other levels. For example, for the death grip of the iPhone 4, Honor promoted Spreadtrum's baseband chip at that time, and Honor's signal was good.

Although Honor lags behind Apple in the North American market, it has an advantage in the Chinese and European markets, and is comparable in the Japanese and Korean markets. However, the public opinion is pessimistic about Honor. Apple’s IOS and AppStore are better than Android in terms of user experience and value-added revenue. , KOS Store based on the Android open source project. Now that Windows Phone has entered the mobile operating system market again, the advantages of Honor will become less and less in the future...

This is a difficult balancing process, neither can consumers feel that Glory is dead, but also can't make Miguo Papa think that Glory is too much of a threat. The most thankful thing is the financial crisis, the American Baba has always needed funds from China.

Lei Jun returned to China first, and Qu Li continued to stay in the United States. It was not because of Glory that he had other matters to deal with, but mainly for personal matters. The international gold price rose to 1,800 US dollars. He made billions of dollars, so he had to cash out.

Not only to cash out, but also to make some adjustments to his asset allocation, such as selling the Netflix stock that is in transition. Netflix is ​​the benchmark of Tencent Video and iQiyi. Later, its market value exceeded 200 billion U.S. dollars. Before becoming the king of global streaming media, Netflix had a difficult transformation this year. charging mode. The company's market value has fallen by 75% from its high point, which is very sad.

Qu Li also thought that Honor would find an opportunity to invest in this video company to complement its film and television resources, so he has been concerned about Netflix. The two companies have some cooperation. For example, Honor is planning to develop a video app and let Netflix provide content for it.

Those are the future, sell Netflix stock, and then buy Google, Microsoft, Adobe, TSMC, ASML, Nvidia, Visa, MasterCard, especially Nvidia, although it is not a good investment to invest now Timing, as a long-termist, he doesn't care about the one or two years. Anyway, many of these investments can bring him a 10-fold return.

Investment is secondary. He also plans to privatize Yingda Real Estate, and then promote it to become a professional property management service company, whose business scope includes commercial, tourism, resort real estate and asset management services. Qu Li doesn't want to buy houses all over the world, but Yingda Real Estate can.

For example, in Greece, there is a good opportunity now. Athena, the granddaughter of "Greek Ship King" Aristotle Onassis, is located in two Greek islands because of her inheritance: Skorpios Island and The maintenance cost of Spaalti Island is too high, 1.5 million euros per year, so it is ready to sell.

It was reported that in 2009 Bill Gage was going to buy it, but it was not bought by a Russian rich man for US$150 million until 2013. After Quli is bought, it can become an overseas resort for employees of Jumei Glory.

The current market value of Yingda Real Estate is about 50 Hong Kong dollars, and it should be able to be acquired at a 30% premium. If it is less than 1 billion U.S. dollars, he can definitely spend this money, but he doesn’t know what name to do it in. Perhaps Chen Danlin can only come forward.