Reborn Entrepreneurial Giant.

Chapter 184 Jingjin Motor and CICC

Qu Li continued to be busy dealing with various things. The Olympic Games were in full swing. Starting on August 8, Phelps began his own legend. On August 10, Bolt won the title of the fastest in the world. Lin Dang, Guo Jin Jing won the championship one after another...

The 8th Olympic gold medal endorsed Xiangyun's fashionable and casual series of sports shoes; the world's fastest endorsement of Xiangyun's professional sports running shoes.Jumei·Xiangyun has appeared on major websites and TV time and time again. "Your energy is beyond your imagination!" This advertising slogan has resounded throughout China.

Unfortunately, the construction of Xiangyun's offline channels was not completed, and the traffic was dispersed to the Jumei Juhuasuan website, which accelerated the sales of the website and Xiangyun brand again.

After the Olympics, there will be some marketing activities in Jumei. Qu Li probably won't participate. His desire to make new energy vehicles has been widely spread in the industry. Many people are asking for information in a roundabout way. No, a few Entrepreneurs who returned from Silicon Valley took the initiative to come to our door.

Yu Ping graduated from Tsinghua University, University of Michigan, and Massachusetts Institute of Technology, and has worked in hybrid engineering technology and strategic planning positions at General Motors' U.S. headquarters for many years; co-founder Cai Wei was the director of hybrid technology at Remi Motors in the United States. …

"How many of you are there now and what is your education level?"

"Less than 10 people."

"..." It would be okay if I didn't look at their resumes, these two people?

"Weida Venture Fund and DFJ Dragon Vein Fund have invested us US$160 million..."

"We have the professional capabilities..."

"If I invest in you, can I enrich your team?" It's not that Qu Li doubted their professional abilities. Someone endorsed them.

"I guarantee there will be no problem!"

"What strategic plan do you have?"

"First develop an excellent motor for pure electric vehicles..."

"Can you really insist on giving priority to technology and surpass Wanwan Tomita?" Qu Li didn't know much about the motor industry. Tesla used motors developed by Wanwan Enterprises.

"Tomita Electric? Never heard of it."

"Tesla Supplier."

"This industry has just started, and no company has an absolute leading advantage. Tomita Electric should be a small company willing to cooperate with Tesla..."

"Then are you willing to cooperate with other new energy vehicle start-ups?"

"Of course, we're just a small company."

"Okay then, how much do you want it for and what are its uses?"

"First, rent a cheaper place to build a factory, and then recruit people..."

"It won't be used for personal consumption, right?"

"Our income before starting our business was not bad, so we are not short of money for the time being."

"I'll give you $100 million first. I'll add more when the results are achieved, so your shares won't be diluted too much."

"Okay! But can we take a look at the Tesla motor?"

"..." Ma De, everyone wanted to dismantle his Tesla, Qu Li was very depressed

"Do you have any friends at General Motors who are engaged in the development of new energy vehicles?" Qu Li remembered that before Tesla, General Motors was the company with the strongest pure electric vehicle technology in the world.

"The electric vehicle division was disbanded two years ago..."

Qu Li was helpless. This small company called Jingjin Motor was previously valued at US$500 million, but now it has no products. It has less than 10 employees and only two technical leaders.Based on a total share capital of 500 million, Jingjin Electric issued an additional 100 million shares to the Vision Fund at a price of one US dollar per share for a total of US$100 million.

I invested in a motor company, and the electronic control must be developed by establishing a car company. The battery still needs work, but unfortunately this thing is too professional.Sun Jianhe helped him contact Central South University to see if he could gain anything.

Before leaving Beijin, Honor contacted China Merchants Bank, ICBC and other banks to borrow money. As a hardware company, it could borrow money with the orders in hand. After the transfer of the shares held by Lehman Brothers, Honor G2 quickly reached out to several operators. The contract was signed and now more than 300 million units have been produced.Based on the minimum price of US$499, the order value exceeds US$15 billion. Only fools would raise funds at this time, and of course they would borrow money.

Huatou got a big advantage by investing in Glory through Xiangjiang Investment. Their boss even talked to Qu Li, and of course he had to make demands. Central Huijin, a wholly-owned subsidiary of Huatou, is the controlling shareholder of several major domestic banks, so if he has the strength, The financing problem is not difficult to solve on the basis of.

However, it was obviously inappropriate to use the order as collateral for a multi-billion dollar loan. CICC got the news out of nowhere and went to Beijin to help him issue corporate bonds.

“We have only been established for more than a year, can we really successfully issue bonds?”

"Although there are some difficulties, with Glory's profitability it should be no problem..."

Apparently someone in the market calculated Honor's material costs by borrowing Honor G1 and G2 phones, and then estimated the profit. The gross profit of G499, which sells for US$2, is more than US$100. I don't know how it was calculated, but one thing is getting more and more It is recognized that Honor is a high-end mobile phone brand with strong profitability.

The father of the person in charge of CICC is a very important person. Although Qu Li wanted to greet his father through this person in charge, he did not dare to speak.Nod to allow CICC to help Honor conduct a non-public issuance of US$5 million in corporate bonds.

"Don't you need to go through the board of directors?" CICC CEO Zhu Yunlai asked curiously

"Is there any regulation on bond issuance?"

"No, I mean such a large amount of money, is it internal to Glory?"

"Oh, of course there is a process. I have made the decision and let them take over the subsequent matters. If your commission is too high, it will still be rejected."

"I heard that you previously paid $1000 million for Accenture for consulting?"

"The news has spread. We were invited, but not so much. The specific amount needs to be kept secret." Accenture wanted to promote it, so it gave Honor a discount.

"What do you think about it? Don't you think it's a waste of money?" Zhu Yunlai was curious about the young founder. The company is so big, but there is no major turmoil in the management.

"It's a bit of a waste of money. Everyone disagreed at first, but I want to spend money to buy time and experience. I don't want to learn how to run a multinational company from scratch..."

“Is Accenture effective?”

"Who knows? Personally, I don't think it's reliable. If Honor survives the expansion next year, I think this consultation will be effective." Qu Li was quite frank.

"They are all against it, why do you dare to persist?"

"Why don't you dare? Everyone is talking about the situation and thinking about the future of the company. It's just a consulting company. I have no personal interests involved, let alone irreparable losses..."

"Is your company not afraid of failure?" Zhu Yunlai continued to ask

"For those who didn't know, I thought you were going to invest in Honor. I'm sorry. Our company is not result-oriented. We allow and encourage employees to make mistakes, but the premise is that they must be valuable and avoid some low-level mistakes..."

Zhu Yunlai became more and more shocked as he listened. Can such an idealistic enterprise really succeed?What you need to know is that Ali's corporate culture is result-oriented. For example, results without a process are called garbage, and processes without results are called farts.But innovation is never that easy. Ten attempts may result in ten failures. Not allowing failure basically means not allowing innovation.

Zhu Yunlai thought about it: Glory may have a group of entrepreneurs with ideals, otherwise the sudden wealth will inevitably lead to a struggle for interests and power...

However, the truth may be unexpected. Li Yinan may have positioned himself as a technician because of a failure, while Zhou Shaoning regards Qu Li as an orphan, but he has always been correct since starting his business and has never been short of money. His performance is so amazing that only Qu Li is ignorant. …