525. Chapter 525 Before Hong Kong Stock IPO

Author: Banlou Yaofeng

Chapter 525 Before Hong Kong Stock IPO

Qu Li appeared at the Honor flagship store in Berlin and was watched by many consumers. He enthusiastically answered their questions and took photos.

Honor is not as passive as the US market in the EU market. The open Android system seems to be more popular than the closed iOS system. Honor's mobile phone market share is higher than that of the IPhone.

At first, many people thought that Honor was a sub-brand of Google. With the opposition of Samsung and other mobile phone companies, Google repeatedly emphasized that it had nothing to do with Honor. At that time, the legendary "orphan" and "junior high school student" Qu Li appeared again.

If the people around you become legendary, you may be jealous, but when a "rebellious genius" in a strange country becomes "legendary", you are more curious and want to know more.

Qu Li is familiar with Internet thinking and knows the importance of social networks, so he pays attention to leaving his mark on the overseas Internet. As long as Waiguo people want to understand Qu Li, they will definitely find a lot of "beautiful" information on the Internet.

Many young people in Europe, America, Japan and South Korea regard Qu Li as a wealth idol. Even if Zuckerberg becomes the world's social king with a market value of more than 100 billion US dollars, many people still think that Qu Li has achieved a higher level.

Yes, when Qu Li was in Europe, Facebook was listed in Silicon Valley. Media from various countries wildly praised this "freckle-faced young genius", and then some overseas netizens defended Qu Li and compared the similarities and differences between the two.

People in China don't care whether Qu Li is great or not, they only care about how much money he makes.

Qu Li’s first investment in Facebook was US$50 million, accounting for 1% of the shares. His second investment was US$200 million, accounting for 2% of the shares. Before FB went public, he still held about 3% of the shares. Based on the IPO market value of US$115 billion,

Qu Li’s shareholding was worth US$3.4 billion and he earned more than ten times the profit.

This calculation is of course wrong. He purchased stocks from Facebook founders and old employees, with a total investment of more than 300 million U.S. dollars, and made 10 times his profit in a few years.

"No wonder he was willing to donate all his shares in Jumei and Honor. It turns out he still has so much money." Some netizens commented.

"The money invested in FB is not all his." A sensible person explained that Qu Li probably had no money at that time, and it was most likely venture capital.

"There was no money at that time, so who would be willing to give money to Qu Li for investment?"

"Jumei had just gone public at that time, and the stock price fell below the issue price. How could he have any money?"

The analysis is clear and logical, but it is a pity that Qu Li is a fool and cannot calculate based on common sense. The US$300 million investment is really his. This time when FB went public, he cashed out 2% and got back about US$2 billion. After deducting the investment cost, the transaction

After the 20% capital gains tax, that's more than $1.6 billion.

We have donated more than 50 billion US dollars, why is there still no shortage of money?

I arrived in Xiangjiang right after I returned from Germany. Future Motors has a market value of approximately 30 billion in the A-share market. For this listing, Qu Li will personally subscribe for 3 billion convertible preference shares with a dividend rate of 3.5% at a valuation of 40 billion as promised, and all of them will be converted into ordinary shares.

Post-equity shares account for approximately 7%.

Then came the H-share model IPO of Hong Kong stocks, which required the issuance of 10% additional public shares, Xiangjiang Investment, and Vision Fund. Anyway, Quli did not lack cornerstone investors. However, in order to promote the company and brand, he still came to Xiangjiang to communicate with investors.

"Why didn't you choose privatization and delisting instead of IPO in Xiangjiang?" The atmosphere was not good at the beginning. Some investors suspected that Qu Li was trying to steal money.

"I want to learn how to manage a listed company. Jumei and Honor are developing too fast, and their business models and business strategies have been basically set, and they need refined management. Qiancheng Motor is different, we are creating a great business." Qu Li

"You mean you don't know how to manage a listed company?"

"Is there any problem?" Qu Li said honestly

"Don't you think it's unethical?"

"Are you a reporter or an investor, so unprofessional?" Qu Li dismissed him and replaced him.

“Can you elaborate on your business philosophy?”

"No problem. In fact, I have introduced this issue many times in China. Build a car, build a good car, and build a good car that can make money. Now we have done it..." Qu Li's mentality is very peaceful.

"The three major parts of a fuel vehicle are: for the engine, we have cooperated with Germany's FEV to develop a very excellent engine series, which will continue to be upgraded in the future; for the gearbox, we have cooperated with Germany's Getrag to develop a wet dual-clutch DCT gearbox. This time

We acquired Saab and established a European R&D center in Frankfurt. We will invest more than 10 billion within five years to develop a CMA architecture based on the Phoenix platform that is more suitable for our needs."

"Don't you think it's risky to do this in case the product fails to sell?" Investor

"Then tomorrow is the end of the world, so I don't have to go to work today?" Qu Li

“Does Qiancheng Motor have the cash to support the development of CMA architecture?”

"This is my responsibility." Qu Li

Qiancheng Motor introduced the sales of two SUVs, as well as the pure electric Geometry vehicle. There have been nearly 2,000 orders, and the delivery time is several months, with many highlights.

“Why don’t you increase the delivery capabilities of Future Geometry?”

"Power batteries have poor consistency and are difficult to mass-produce in the short term. We are working hard to improve. You must know that we are opening up a brand new industry. It is normal to encounter some difficulties. It will really take three to five years to solve all problems. Do you believe it?"

?" After speaking, Qu Li introduced the development direction of electric vehicles, increasing production capacity and reducing costs.

"Why did you break up with Mitsubishi Motors?"

"We have not broken up. Qiancheng is the major shareholder of Cheetah Motors. Mitsubishi Motors has stable, safe and reliable quality. Many of their ideas in building cars are worth learning from me. The reason why we separated is because I yearn for the stars and the sea..."

"What does it matter?"

"Why doesn't it matter?" Qu Li asked with a smile.

"Can you master the core technology by cooperating with FEV and Getrag?"

"We will give priority to ensuring that consumers can use the best products, followed by the interests of partners, and finally reducing costs through technological progress; the engine is simpler and can be mastered in three to five years, while the gearbox takes longer, at least

After 2015..."

"Can I think that the cost of Qiancheng Motor will be significantly reduced after 2015?"

"No, we give priority to consumer-oriented products. Technological progress is a long-term process. At present, we will only release a few models and reduce costs through large-volume purchases. Only when the CMA architecture is successfully developed can we integrate various self-developed technologies.

Only by integrating into one can we truly reduce costs..."

"When will Qiancheng Auto become profitable?" Investors continue to ask

"I don't know. It was supposed to be possible this year, but now that we have acquired Saab and have to develop the CMA architecture, I can't guarantee it." Qu Li spread his hands and expressed his helplessness.

"Why should we acquire Saab, establish an R&D center in Germany, and develop CMA? Is Qiancheng Motor's current technology accumulation sufficient?" Some investors objected.

"Do you think that apart from Tesla, among all the car companies in the world, who else can build a better and lower-cost Qiancheng than us? You have to remember that investing in Qiancheng is indeed very risky, but we are a new energy company.

A leader in the automotive industry!" Qu Li said confidently

"Nowadays, CMGE's key components are basically made in-house. Without large-volume purchases, how can we reduce costs?" There are also investors who don't believe in evil.

"The three major parts of electric vehicles, batteries and motors, except for the electronic control, will not provide technical support to the outside world. The rest can be sold to the outside world as long as production capacity permits. In the future, the possibility of selling these parts companies or establishing independent subsidiaries cannot be ruled out."

"Aren't you worried about other competitors joining?" the investor continued to ask

"The entry of more companies can quickly reduce supply chain costs. The ultimate goal of Honor and Qiancheng Automobile is to develop autonomous driving..."
Chapter completed!