Rebirth of England.

At this time, Zhang Junning had already left China and went to Lijiaopo.

She has just completed a new round of financing for Xiaomi on behalf of Rich23 Capital.

In early July of this year, Rich7 Capital participated in Xiaomi's last round of financing. They invested US$23 million in Xiaomi and acquired a 2500% stake in Xiaomi.

Only half a year later, Xiaomi's valuation has soared from US$2.5 million six months ago to US$10 billion after this round of financing - even though Xiaomi had only received orders for 1 mobile phones after the release of the MI34 mobile phone and had not yet completed the delivery.

But any discerning person can see that with Xiaomi's momentum, their chances of success are already very high.

The most important thing is that Lei Jun, who already has successful experience and is an entrepreneur, is also very popular among investors.

Therefore, Rich23 Capital also actively participated in Xiaomi's financing this time. They put out 5000 million US dollars to participate in Xiaomi's financing this time, and once again obtained 5% of the company's shares - so now Rich23 Capital already holds 14% of Xiaomi's shares (the proportion of shares obtained in the previous round of financing was diluted by the new round of financing).

After completing this round of financing for Xiaomi, Zhang Junning arrived at Lijiaopo, where she met Hock.E.Tan, CEO of Avago Technologies.

Avago Technologies was originally established when Chen Fuyang led Rich 23 Capital by acquiring Agilent Technologies, the semiconductor division spun off from HP.

After that, Chen Fuyang focused his main energy on the management of Anhua High-Tech.

In Baron's previous life, Chen Fuyang was known as an M&A maniac because he led Avago to become one of the world's leading semiconductor giants through one merger after another.

Now with the funds provided by Barron's and the financing support from Standard Chartered Bank, Chen Fuyang did not stop but instead quickened his pace.

If the initial acquisition of Infineon Semiconductor's acoustic wave business for more than 2000 million US dollars and the acquisition of CyOptics for US$4 million were just a small test for Chen Fuyang.

Then he made a big move. In 2009, taking advantage of the global economic downturn after the subprime mortgage crisis, Chen Fuyang acquired memory chip maker LSI for US$45 billion to help Avago strengthen its position in the enterprise storage market and expand its product offering.

Now, after three years of development at Avago, Chen Fuyang can no longer hold back and is preparing for another acquisition.

This time, he first plans to acquire Emulex.

Headquartered in Costa Mesa, California, Emulex is one of the world's leading providers of enterprise-class servers and storage.

Its acclaimed products include HBAs, intelligent storage platforms, and specific storage products such as switches, bridges, routers, and I/O controllers, providing users with reliable, scalable, high-performance storage and server solutions.

Chen Fuyang hopes that through this acquisition, Avago will be able to accelerate its strategic deployment in next-generation servers and storage racks.

Although Zhang Junning is the president of Rich23 Capital, Rich23 Capital wholly owns Broadcom.

But in the semiconductor field, Chen Fuyang still has the greatest say in the mergers and acquisitions and development of Avago.

Therefore, Rich23 Capital will fully cooperate with Avago's acquisition of Emulex.

The acquisition of Emulex is expected to cost approximately $6 million, which is not a particularly significant acquisition for Avago.

But Chen Fuyang's plan is not limited to this. After the acquisition of Emulex, he has another big target - Broadcom.

Broadcom is different from the companies that Avago has acquired before. It is really a giant in the field of communications chips. Broadcom is famous for its broadband and WIFI chips, the most famous of which is the earliest cable modem on the market. At the same time, this product has also expanded to the network processor and Ethernet switch chip market.

Broadcom's biggest presence in the SDxContral world is in switches, as its chips are used in new switch designs, including most current waveform white-box switches.

At the same time, Broadcom also produces chips for about half of the world's tablets and smartphones and is one of Qualcomm's main competitors.

Broadcom's current market value is around $300 billion, but there is no doubt that if this acquisition is to be carried out, it will inevitably need to be acquired at a premium - so this can be regarded as a significant acquisition for Avago.

"There is little overlap between Avago and Broadcom's products, and we have successfully entered the storage market through acquisitions of companies such as LSI. However, if we can acquire Broadcom, we will surely be able to stabilize our market share and reach the forefront of the world..."

Although Zhang Junning was too young compared to Chen Fuyang, in Chen Fuyang's eyes, she was more important as a representative of Barron. Therefore, he had a very good grasp of his attitude towards Zhang Junning at this time, and patiently explained to her:

"Although both Avago and Qualcomm target a wide range of consumer electronics and commercial markets, Avago's strengths are currently in analog products for optical and wireless communications applications, while Qualcomm excels in digital SoCs for applications such as smart homes and data centers. Our two companies have many overlapping customers. If we can achieve a merger, it will be good news for chip buyers who hope to simplify their supplier lists. In addition, our two companies have always had stable growth in revenue and profits. I have a very positive view on the synergy effects after the merger."

In fact, just as Chen Fuyang thought, although as the president of Rich23 Capital, Zhang Junning can independently carry out investments such as the investment in Xiaomi, and she can even make the final decision on Avago's acquisition of Emulex.

But for a super-large merger like the acquisition of Qualcomm involving tens of billions of dollars, she still needs to report the details to Barron and listen to his opinions.

Therefore, in this matter, she mainly needs to do a good job of communication, so she was listening carefully to what Chen Fuyang mentioned.

Finally, she said to Chen Fuyang:

"Mr. Chen, I will fully convey the information involved and your opinions to His Royal Highness the Duke, and will also conduct a detailed evaluation of your acquisition. I believe His Royal Highness the Duke will make the right judgment. As for the acquisition of Emulex, Rich23 Capital will give you the support you need, and this work may start now."