Reborn Entrepreneurial Giant

Time encountered all kinds of troubles abroad, and it was expected from the very beginning that it was difficult for small companies to expand overseas, and only large companies have the ability to deal with risks. Honor has encountered more troubles, from the initial patent and embargo crisis, to now there are various rumors about information privacy protection circulating in the United States.

The impact is that the sales of IPhone in the United States overtook Honor, and Samsung mobile phones impacted Honor’s market share. Generally speaking, an invisible force affected the sales of Honor mobile phones in the United States. Fortunately, this did not affect Europe.

Even so, there is still a lot of noise affecting them. It takes a lot of energy to maintain the relationship between the top and bottom of the United States, and important investment institutions demand glory dividends.

Qu Li would rather sell stocks than pay dividends. Naturally, there is a reason. On the one hand, more Wall Street capital can own Glory stocks; To try the whole house smart home, various investment directions are full of controversy, but he still insists.

When Glory was not listed, Qu Li could acquire Changfeng Cheetah. It wasn't because the investors of Dinghui and Victoria Harbor were so enlightened. It was because they didn't have the bargaining chips to deter Qu Li. At that time, he could replace these two companies at any time when he was in a hurry. Venture capital institutions.

It is no longer possible. After the company goes public, it will be restricted by many rules of the game. As the founder with super voting rights, Qu Li can of course find a way to avoid it, but it will inevitably be subject to various (class) lawsuits. It depends on whether it is worth it. up.

Lei Jun gave reasons for Honor not sharing dividends. The competition in the smartphone industry has intensified. In order to consolidate its advantages, it is necessary to continue to invest in chip design. He analyzed each product line one by one, from tablet computers to computers.

The reason why Honor dares to increase investment in the PC field and expand its product line is because it has found a sharp weapon against Apple, that is, NPU, or AI acceleration chip, which is used for video and image processing. After the popularization of large models, it may be used for Office AI acceleration.

Apple will have their M-series chips in the future, and Honor will also have its own direction, to carry out AI to the end, and even develop some AI chips that replace GPU functions. In the existing PC architecture, it is completely possible to access the AI ​​chip through the M.2 interface. Honor is now cooperating with AMD, so it may not be impossible to deepen the cooperation and make their chips more compatible with the Honor AI chip.

In fact, Intel later had VPU (visual processing), Google had NPU chips, and FPGA accelerator cards, but why they were not widely used on PCs, of course, because of limited usage scenarios and expensive prices, and Microsoft Windows in this regard is not active.

This leaves a hole, if Windows does not cooperate, and Honor has an urgent need, it may not develop a dedicated operating system. As for now, of course, it is to do power management AI, optimize the battery life of notebooks, and improve the response speed of commonly used software.

As for why it is an all-in-one computer, in addition to being beautiful and high-end, it is also because of the individual consumer market that it is difficult for branded desktops to compete with compatible machines and assembled machines. .

The above are the reasons why Honor has increased its investment in the PC field. Smart wearable devices, drones, and balance cars have all proved themselves, so there is no need to repeat them.

The whole house smart home has only invested in Midea Electric Appliances not long ago, which means that Honor will adopt more cooperation methods instead of building all household appliances by itself. In addition to smart voice speakers, there are also smart door locks, now only fingerprint unlocking, in the future there will be 3D structured light face unlocking, and smart bulbs for display.

At least in the eyes of the outside world, Honor's whole-house smart home concept is very feasible, and the market recognizes it, so Apple, Amazon, and Google are all doing it. Jumei is going to make low-priced voice speakers compatible with Honor standards, but Honor The way of promotion has not yet been determined, whether it is an open standard or an independent product.

Only the battery is relatively awkward. Now Honor has separated the Great Wall Huaguan, which is in the car manufacturing business, and has chosen to acquire Honeycomb Energy with a wholly-owned investment. It also needs to increase investment in this area. What this means is already obvious.

Investors have opinions, but the overall investment of Honeycomb Energy is relatively limited, and smart wearable devices generate more revenue and profits, so the market value of Honor has steadily exceeded 200 billion US dollars, and the stock price fluctuates upwards.

Apple has been affected, and the company's market value has dropped from the same period in history to about 500 billion US dollars, which is more than twice that of Honor, and its annual revenue is about 2 times, and the gap in net profit may be more than three times.

The capital market gave Honor a market value of more than 200 billion US dollars, which surpassed Samsung’s 150 billion. Qu Li was still a little surprised. Samsung’s revenue and net profit seem to be higher than Honor. Could it be that Honor’s brand and innovation capabilities have been recognized? Are smart wearable devices and whole-house smart homes really that important?

Qu Li didn't understand. Anyway, he thought Honor's valuation of 100 billion US dollars was not worth it at the beginning, but now it is 200 billion US dollars, which is even more sloppy, so he sold some shares first, and then bought them back through other channels when the market value of the stock price fell?

So, Glory is sought after by Wall Street and suppressed by suspicion at the same time. To make the right decision in such a complicated situation, is there any way other than cheating?

Qu Li's existence itself is a problem. There are many small mistakes, and there has never been a major directional error. Through Weibo, Twitter and other public information, Qu Li is a leader who has shortcomings and ideas, but is trustworthy.

Today, Qu Li's management ideas have spread to the world through the Internet. American scholars have written books and expounded on the initial risk of symmetry. Later, the first principle, context no control (empowerment), and more recently empathy, defining reality and stimulating hope, are not only changes in Jumei Glory's values, but also the progress of Quli's management thinking.

Qu Li's success has a great influence, including the "Three-Body Problem" he recommended in the early years, which has been widely spread at home and abroad. Both Musk and Zuckerberg have recommended this book. In May of this year, he won the American Nebula Award, and in August he won the Hugo Award. In 2014, he won the two most important awards in the world of science fiction. This honor is unique in China.

Liu's fame has surpassed that of many celebrities in just a few days. Terms such as "dimension reduction strike" have become hot search words on Weibo, Baidu, and ancient songs. It seems that if you don't talk a few words about "Three-Body Problem", you will be out of the social fashion trend.

Fortunately, Jumei has been prepared for a long time and has made a lot of stock, so there is no out of stock phenomenon. Because of this exclusive resource, Jumei Books has finally broken consumers' inherent cognition and has become an important choice for book consumption. (end of this chapter)