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Author: Banlou Yaofeng

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Although the situation of Shopee and Riyue Fenghua was still unknown, Qu Li returned to Beijin and continued to discuss Honor financing or listing.

Riyue Fenghua can raise funds independently, and the income from the Jumei platform is classified as a third party. The income from Taobao, Shopee, and Amazon will be calculated separately. The specific amount is not yet calculated. Shopee is pretty good in the American market, and in the The European Union, Japan and South Korea have not opened up the situation, there is revenue but no profit, or the revenue growth rate is lower than expected.

Qu Li himself is not in a hurry. The existence of Shopee is an accident. Jumei’s domestic development has exceeded his expectations. He cannot take advantage of all the good things in the world. Besides, temporary difficulties do not mean anything. Jumei Without forming a strong corporate culture, you can learn how to survive in a complex environment.

The news that Honor was raising funds was known to many people with great powers, and they came to their door one after another. Not to mention the original shares of Dinghui and Victoria Harbor, including Xiangjiang Investment, they definitely had no chance. Singapore's Temasek, Russia's DST, and SoftBank, which had just emerged from the quagmire , and Apollo Global Management, which has cooperation with Infineon and Vision Investment...

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

More and more people know about it, and domestic capital is flooding in, looking for connections everywhere. Even Zhang Yiwen went to Beijin. Everyone knows that this is a feast for capital.

Leaders of the Ministry of Industry and Information and other relevant departments met with Qu Li to understand the situation. When they heard that Honor's estimated revenue in 2010 would exceed US$30 billion and its net profit exceed 20 billion SoftMei coins, it was impossible to say that he was not motivated.

It’s not that he was scared by the money. There are many state-owned enterprises that are better than Honor. However, it has only been 4 years since Honor was established in 2006. It has grown and expanded at a jaw-dropping rate under Beijin’s nose. .

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

As the OEM of Honor, BYD Electronics' stock price has tripled 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. Their 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 would not be able to develop, but the growth of fruit chain companies does rely heavily on Apple. Then why has the A-share market not formed a Huami OV supply chain company with a relatively large scale and market value? Many self-owned The media all say that Apple is very harsh on supply chain companies. This should be true, but why not use Huami OV supply chain company for comparison?

The leaders of the Ministry of Industry and Research naturally look at the overall situation. The value of Glory has exceeded the tax revenue it contributes and can enhance domestic scientific research strength. It is naturally bragging to say that Glory at this time surpasses Warwick, but who dares to say that Glory does not This potential?

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

Qu Li suddenly felt that he was cheating too much and had to do it step by step. Under normal circumstances, he could indeed sell so many mobile phones, but whether they could be produced was unknown. Based on the cost of a mobile phone or tablet computer of US$200,

10 million units equals 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 compressing the inventory cycle and doing supply chain finance?

The Ministry of Industry and Research held meetings for several days to discuss the financing and listing of Honor. Qu Li said that it would raise funds at a valuation of US$50 billion and list an IPO at a valuation of US$100 billion. It is not generally difficult to win domestic A-shares. Which

Once the domestic financial market is opened up, I believe the situation will be much better.

The valuation plan given by Qu Li was not scientifically rigorous, but he promised that the financial data was true and reliable. The company's operations were mainly based on smartphones and smart devices, and its annual R&D investment was between 5% and 10% of revenue. Purely

Electric cars are included. In order to build cars, Qu Li can make more sacrifices, including paying for equity incentives out of his own pocket!

"Qiancheng's pure electric vehicle data is close to Tesla, and there is great hope for success..."

Qu Li will not give up the development of pure electric vehicles, and will continue to study autonomous driving and realize the "Internet of Everything" through smartphones, all of which seem to be exaggerated ideas.

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

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

“Why not super voting rights?”

"Will everyone agree?" Qu Li is not very confident. He wants more than that. Whether he can help Glory is the most important. He owns enough shares.

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

These financial institutions are not believers. They did a lot of research before making investments. They all have a deep understanding of Qu Li, Li Yinan, and Lei Jun, and they know that Qu Li has a great influence in Glory.

Qu Li actually wanted a veto power that he could inherit, but he felt it was meaningless. When the company was strong, he didn't want to give anything away. However, most companies are cyclical, and there are not many technology companies that can maintain long-term competitiveness.

Every era has its own protagonist.

Qu Li's idea of ​​​​wanting super voting rights, although there were some minor twists and turns, quickly disappeared. Investors were too enthusiastic, and Honor had almost no obvious shortcomings. This Pre-IPO was equivalent to giving away money.

Honor has a total share capital of 150 million. This time it raised financing at US$330 per share, no more than 10 million shares, and US$3.3 billion accounts for about 6%.

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

The choice of an investment institution is the most difficult. It requires strong information capabilities, so things cannot be rushed. Both parties need to do further testing. 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 that exceeded her current status.

, to endorse the Honor brand: A girl is flying in the wilderness on a balance bike, her upper body swaying in the wind, holding a G4 mobile phone in one hand, and a drone is flying around, showing the drone's perspective.

It seems that I don’t have a tablet. Don’t worry. If you want to control the drone without a tablet, you can view the footage captured by the drone in real time. This function should be possible in 2010, right?
Chapter completed!