Reborn Entrepreneurial Giant.

Chapter 239 Cooperation Development

"There is an upper limit to a person's ability. I know what I am good at. In addition, Honor and Jumei are both Chinese companies. When I give up the CEO position, I am not giving up control of these two companies." Qu Li posted on Weibo A few simple explanations above.

It won’t work without an explanation. Many self-media outlets in Toutiao just follow the wind and their professional level is even worse than him. Dadongzi asked Xu Lei to take over as CEO of Goudong. His subsidiaries changed legal persons and the shares were handed over. They said he cashed out and ran away and left Goudong. Dong Yunyun, some media said that the founder of Pinxixi cashed out 4500 billion. The title is attractive, but it is too shameless.

The outside world is paying attention to Qu Li. The industry is more concerned about Zhou Shaoning's resignation and starting a business. However, it is impossible to know more inside information. He signed a confidentiality agreement and there are bad rumors from the outside world. His remaining 500 million shares in Honor will be exchanged for The price of a share of $8 was forced to be repurchased.

There are many things that happened in February. For example, Jumei announced its first quarter financial report for 2009. Its revenue increased significantly year-on-year. The impact on the stock market was tepid, which is really strange.

Then the Vision Fund executed a debt-for-equity swap, and Jumei's equity capital increased by 2000 million, bringing the total equity capital to nearly 2 million. The stock price still did not rise around US$8, and the market value was approximately US$16 billion.

In the end, he couldn't bear it. Qu Li wanted to increase his holdings and contacted the bank. HSBC and Zhaoshang Xiangjiang were willing to provide loans. Anyone who wanted to borrow money to increase their holdings could get low-interest loans from Jumei.Qu Li specifically took care of Chen Danni and asked her to buy more.

Finally, Jumei's stock price began to rise after they announced the increase in holdings, and soon exceeded 10 US dollars, so he only bought 100 million shares. The entire company increased its holdings to about 300 million shares. Even he himself did not know that there were still more shares within Jumei. Many rich people, including Lu Qi.

However, there were more than these things in February. The scale of QDII raised by Xiangcai Securities reached US$5 million, and the domestically issued selected funds exceeded US$50 billion, and position building has been completed.Qu Lizhen did not expect that the subprime mortgage crisis had not passed yet, and there were so many wealthy people in China who were so courageous.

He didn't know that the well-informed wealthy people learned that the Vision Fund had spent 2 million US dollars to support Xiangcai Securities. This was either stupid or full of confidence. They didn't believe that the Vision Fund was a fool, so they would naturally have confidence.

They are lucky. Xiangcai Securities' QDII focuses on the Internet and has heavy positions in stocks such as Apple, Amazon, Booking.com, and Baidu. How to describe the excellence of this fund?As the country's leading online travel company, Booking.com's stock price has tripled, Baidu has also more than doubled, and Amazon, Apple, etc. have all more than doubled...

Qu Li's own funds bought the bottom earlier and the price was lower. Xiangcai only completed the position in February. Although he is not sure that all stocks can double, doubling the average increase is a high probability event.

Amazon’s stock price has doubled from the lowest point last year to now. Jumei, as China’s benchmark company for Amazon, should not keep the price where it is. One month after Jumei’s employees announced the increase in holdings, it quickly exceeded At US$10, as the economy recovered, Jumei’s stock price exceeded the issue price and reached US$20 three months later.

Two private equity funds have played a major role in the rise in Jumei's stock price. One is Hillhouse Capital and the other is DST, a venture capital firm of Erros. They received more than 2000 million shares.These are things for later, let’s not mention them for now.

Youku announced that the Vision Fund invested 5000 million US dollars in Youku. While creating a lot of momentum, it quietly acquired a large number of film and television drama copyrights. Qu Li's idea began to be realized in the hands of Gu Yong. Vision became the largest shareholder besides the founder. Qu Li's initial 500 million US dollars seemed It accounted for 5% of the shares, so in the end I got 25% of the shares.

The theaters cooperated by Xiangcai and Xiaoma have also started construction in Beijing, Shanghai, Guangzhou and Shenzhen. This year’s goal is to build more than 10 of them with more than 100 screens. After laying the foundation, they will expand the market in second- and third-tier cities and build only four or five screens. of cinema.

Just two days after Qu Li announced his resignation as Honor CEO, Chen Danni suddenly ran to Beijin to comfort his lost heart and help him play and sing.

"Thank you, but I have nothing to do."

"No, you do. How could you, a proud person, give up your rights?"

"You're thinking too much, I really don't..."

"..." Chen Danni looked stubborn and wanted to comfort him.

Chen Danni arrived suddenly, but fortunately the fairy sister opened her business, so she couldn't meet him easily, so she didn't have to worry about encountering the Shura field.

After all, the Huayi Wang brothers are businessmen. Qu Li showed such strength that he was not easily offended. He could only complain and lament Liu Yifei's good luck, and then buy shares in Liu Yifei's domestic studio.

As for how Liu Yifei handles her domestic agency contract and how to set up a studio, Qu Li doesn't ask. It's not like she doesn't have a team. She can't handle these things well. She might as well be a canary and be beautiful.

Qu Li and Chen Danlin talked about Chen Danni coming to Beijin, and then the two of them lived in a single-family villa in Ziyu Villa without shame or impatience, and indulged themselves wantonly, such as...

Well, I can’t say anything, but think about it, his villa has a swimming pool and a big bathtub. They sell clothes originally and have all kinds of uniforms. There are only two people in the house, so it doesn’t matter if there are less clothes, right?

It was rare for someone to be willing to flatter him and please him, so Qu Li was certainly very happy.But it’s difficult for her to stay in Beijin. It’s hard to arrange work. She can’t be transferred to Kuxun, right?

Qu Li, who resigned as Honor CEO, did not feel much relieved. He was busy setting up Honor's automobile and semiconductor departments, and had to contact BOE to cooperate in the development of OLED screens.

I don’t know which year started, but Samsung’s OLED screens have monopolized the market for several years. Qu Li doesn’t know how Honor will develop in a few years, but if he can get insurance, he is still willing to invest.I don’t know if the diamond arrangement and Zhou Dongyu’s arrangement he memorized have any effect?If he could apply for a patent in advance, he wouldn't have to look at Samsung's face.

The key to the problem lies in funds. LCD panels are too expensive. BOE’s previous financing amount has almost exceeded the company’s market value. In this case, let alone Qu Li is not the richest man, even if he is the richest man, he will not spend money in this industry. .

Cars, airplanes and rockets, which one is not more interesting than LCD panels?

Therefore, when Qu Li met with BOE CEO, he could not provide much support. It was possible to cooperate in the development of OLED. Technology research and development is different from production. You can start the work by investing tens of millions or hundreds of millions. If there are results, you can make additional investment to arrange the production line.

"We will definitely produce OLED LCD mobile phones. This is a matter of time, but we researched the entire industry and found that Samsung has a monopoly on key equipment, which is the Tokki evaporation machine that sold for $[-] million and was acquired by Canon..."

When Qu Li said the name Tokki evaporation machine, Wang Dongsheng knew that Honor was really sincere and was not making fun of him.