Reborn Entrepreneurial Giant.

Chapter 187 Cool News

In addition to chatting during this meeting, Vision Fund has improved its organizational structure. The domestic Vision Fund, Xiangcai Securities, and the Vision Fund headquarters in Hong Kong have established a hedge fund responsible for high-risk investments, and are also responsible for equity private equity and venture capital in overseas markets. fund……

This adjustment means that the Vision Fund has officially been established as a qualified investment institution from the grassroots team. After Lehman's bankruptcy, it will probably start raising funds and use other people's money to invest to achieve its own strategic goals. What a wonderful thing. Think about it. A little excited.

After talking about the Vision Fund, Qu Li made an appointment with the Kuxun team while Jumei's reputation in the Internet industry was high.Kuxun is a start-up company that provides travel information services based on search engines.

This company founded in 2006 has gathered a lot of big names, the most famous of which is Zhang Yiming of ByteDance, who is now the CTO of Kuxun.But the founder Qu Li was interested in was Chen Hua, a top search engine technical talent in the country. In 2004, he joined Microsoft Research Asia and participated in Microsoft Chinese Search. He directly participated in the development of Microsoft LiveSearch core code at Microsoft headquarters in Seattle.

Kuxun started by searching and reselling train tickets. After financing, it expanded into search channels for real estate, catering, shopping, recruitment, special air tickets, cars, etc.But this positioning was too broad, and there was a lack of money for development. So in June, it shifted from vertical search in the lifestyle category to focus on the travel search market, which made investors even more dissatisfied.

"Are you going to invest in Kuxun?" Chen Hua and others have been ignored by Kuxun's board of directors at this time. If you want to invest in Kuxun, you should not go to him.

After capital took control of Kuxun this summer, it wanted to lay off 200 people at Kuxun. It was at this time that Zhang Yiming left for Microsoft.

“I want to invest in you and your team.”

"But Kuxun has already..." Chen Hua was sincere and talked about Kuxun's current situation.

"I need you in two aspects. One is the search technology that Jumei lacks, and the other is hotel and flight booking. Of course, the most important thing is that Kuxun is cheap now and the team is excellent and can save us a lot of time..."

"Do you want to search in Jumei?" Chen Hua was stunned.

"Search within the website. If possible, Jumei's CTO will communicate with you about the specific situation. I am just standing in front of you to show Jumei's sincerity."

"Can our team of 200 be retained?"

"What Jumei lacks is experienced programmers..."

"What can we do after we get in?" Chen Hua has already been marginalized. What else do he have in mind? Qu Li is such a legend, and Ku Xun might have a miracle happen.

"Jumei's current energy is mainly focused on e-commerce, followed by cloud computing business similar to Amazon AWS..."

"So what about Kuxun? Apart from search technology, what else does it mean to Jumei?"

"I have said before that Kuxun's hotel, air tickets, and train ticket businesses are all valuable to Jumei. If Jumei can acquire Kuxun, it will also retain its shopping search and movie ticket online ordering businesses..." Qu Li said own plan

"The investment in Kuxun will not be very large for the time being, about 5000 million a year. The e-commerce market is expanding rapidly. We cannot ignore the priority and lose the big for the small..."

“Do you think there is no future for both life search and vertical search?”

“Why should I look for ten websites when one thing whiteness can solve?”

"We are more professional!"

“What do you think is the logic behind Jumei’s transformation from a clothing e-commerce company to a comprehensive e-commerce company?”

"..."

Looking at the Kuxun team members who were lost in thought and the elegant Zhang Yiming wearing glasses, Qu Li felt a little proud and started his performance...

After Qu Li expresses his sincerity, Jumei will then contact Kuxun's board of directors to formally launch a purchase offer. The price is set at US$1000 million. Don't think about getting back the original capital. If you can, just lose less.

Things here are not over yet, something new is coming. Spreadtrum's stock price has dropped to around US$1. Wu Ping came back from the United States to find Qu Li.

News that Spreadtrum Communications wanted to acquire the baseband business of Texas Instruments came out of the United States. Not only did it fail to attract more bidders for Texas Instruments, but Freescale, also from the United States, proactively contacted Spreadtrum, hoping to sell its wireless business.

Freescale is a semiconductor subsidiary spun off from Motorola and now operates independently. Their wireless business includes GSM/WCDMA/HSDPA/HSUPA/LTE, including 2G/3G/4G baseband chips and other businesses such as radio frequency and PA. .

Texas Instruments' baseband business ranks second in the world, second only to Qualcomm. Freescale has Motorola as a major customer and has a leading market share. However, the former is more custom-made and has technology but no patents. Its cooperation with Nokia expires at the end of 2009. ; The latter's contract with Motorola expired at the end of 2008 and was not renewed.It can be said that no matter which baseband business it acquires, it will not bring revenue growth to Spreadtrum.

"To acquire Texas Instruments' baseband business and team, you must pay Qualcomm patent fees. To acquire Freescale, Broadcom's lawsuit will be in front of you, so you shouldn't need to..."

"We have a cooperative relationship with Qualcomm, we don't need to be so antagonistic..."

To be honest, the country is clamoring for the Qualcomm tax, but apart from Huawei and ZTE, other mobile phone companies such as OV and Lenovo do not have this qualification. Instead, they may accept it happily. After all, the Qualcomm tax is accompanied by patent protection.

Honor's deep integration with Google Android and Qualcomm has both advantages and disadvantages, which limits its own development. It will be overtaken by the iPhone in two or three years, and it will even be difficult to surpass it in the future. But what can he do? HTC back then was not the same as selling better than the iPhone. Okay, still got fucked over.

"With the acquisition of Qualcomm, our revenue next year will be greatly improved..." Wu Ping continued, saying that Texas Instruments' contracts with custom customers last until 2012, but Nokia's large contract ends in 2009.

"Adhering to long-termism, with the explosion of smartphones, the mobile phone industry will usher in a major reshuffle. Single baseband is useless. What we want is integrated, high-performance and low-power SOC..."

"But we lack experience in mobile phone chip research and development, and we are even more short of money."

"Honor will spend money to develop ARM-based chips with Spreadtrum, and will only provide products and services to third parties for the time being..."

Apple often pays fruit chain suppliers to develop exclusive equipment for them. Honor can actually develop it itself, but the contract with Qualcomm is there. Qu Li is willing to sacrifice immediate interests for long-term interests, support the development of Spreadtrum, and rely on the support of other mobile phone companies. Procurement reduces overall R&D costs.

"Spreadtrum's stock price is still falling..."

"It's okay. At most, we can privatize Spreadtrum."

"But investors in the United States have lost so much, in the future they..."

"A crop of leeks has been cut..." Qu Li was about to continue, but soon realized something was wrong: "We can still do private placement, but it will dilute the rights of the original shareholders, and Spreadtrum is not our only choice."

The founder is a small shareholder. Whether it is privatization or private placement, Wu Ping's interests will be damaged. However, if the company develops, it will be better than half-dead now. Unless Wu Ping and others are optimistic about Qu Li's plan for Spreadtrum and want to make more money. Much money.

"If you have any ideas, please communicate with Sun Jianhe. I don't want to waste time on these things." Qu Li was too lazy to talk nonsense with Wu Ping. It is certain that the founder of Spreadtrum has limited abilities. Those who engage in technology may not necessarily understand management and the market. Many talents are It's because he was in the wrong position. For example, Li Yinan was obviously a technical talent, but he engaged in insider trading and ended up serving a few years in prison.