Reborn Entrepreneurial Giant.

Chapter 391 Financing Decisions

Although the situation of Shopee and Riyue Fenghua was still unknown, Qu Li returned to Beijin and continued to discuss Honor financing or listing.

Riyue Fenghua can raise funds independently, and the income from the Jumei platform is classified as a third party. The income from Taobao, Shopee, and Amazon will be calculated separately. The specific amount has not yet been calculated. Shopee is doing well in the US market, but in the European Union, Japan and South Korea, it has not made a breakthrough. There is revenue but no profit, or the revenue growth rate is lower than expected.

Qu Li himself is not in a hurry. The existence of Shopee is an accident. Jumei's domestic development has exceeded his expectations. He cannot take advantage of all the good things in the world.Besides, temporary difficulties don't mean anything. Jumei has not formed a strong corporate culture, but can learn how to survive in a complex environment.

The news that Honor was raising funds was known to many people with great powers, and they came to their door one after another. Not to mention the original shares of Dinghui and Weigang, including Xiangjiang Investment, they definitely had no chance. Singapore's Temasek, Russia's DST, and SoftBank, which had just emerged from the quagmire , and Apollo Global Management, which cooperates with Infineon and Vision Investment...

Since Qu Li wants to make the EU the focus of market development, European capital is indispensable. Deutsche Bank, as a major European bank that has been repeatedly suppressed by the United States, can naturally win over it. This was also recommended by Deutsche Telekom.

More and more people know about it, and domestic capital is swarming in, looking for connections everywhere. Even Zhang Yiwen went to Beijin. Everyone knows that this is a feast of capital.

Leaders of the Ministry of Industry and Information and other relevant departments met with Qu Li to learn about the situation. When they heard that Honor's estimated revenue in 2010 would exceed US$300 billion and its net profit exceed 200 billion SoftMei coins, it was impossible to say that he was not motivated.

It’s not that he was scared by the money. There are many state-owned enterprises that are better than Honor. However, it has only been four years since Honor was founded in 2006. It has grown and expanded at a jaw-dropping rate under Beijin’s nose. .

Not only that, Honor and Apple have cultivated supply chain companies one after another in China, the most famous ones are BYD Electronics and Futukang...

As the OEM of Honor, BYD Electronics' stock price has tripled since its listing.

Apple and Honor are companies that can drive the industrial development of a country and region, just like when Tesla entered the domestic market. Their value is far beyond the tax revenue they directly contribute.

It may be an exaggeration to say that without Apple, the domestic smartphone industry chain would not be able to develop, but the growth of fruit chain companies does rely heavily on Apple.So why has there not been a Huami OV supply chain company with relatively large scale and market value in the A-share market?Many self-media say that Apple is very harsh on supply chain companies. This should be true, but why not use Huami OV supply chain company for comparison?

The leaders of the Ministry of Industry and Research naturally look at the overall situation. The value of Glory has exceeded the tax revenue he contributed and can enhance domestic scientific research strength.To say that Glory at this time surpasses Warwick is naturally bragging, but who dares to say that Glory does not have this potential?

No, Honor's revenue in 2010 was about 300 billion US dollars. Huawei's revenue this year was only more than 200 billion US dollars. So, Honor surpassed Chrysanthemum Factory in revenue and profit and became the largest private enterprise in China?

Qu Li suddenly felt that he was cheating too much and had to do it step by step. Under normal circumstances, he could indeed sell so many mobile phones, but whether he could produce them was unknown.Based on the cost of a mobile phone or tablet of US$200, 1000 million units is US$20 billion. Honor sells 6000 million mobile phones and tablets. Where does the production cost of US$120 billion come from?Is it to compress the inventory cycle and implement supply chain finance?

The Ministry of Industry and Research held meetings for several days to discuss the financing and listing of Honor. Qu Li said that it would raise funds at a valuation of US$500 billion and list the IPO at a valuation of US$1000 billion.It is not unusually difficult to win domestic A-shares.When the domestic financial market is opened, I believe the situation will be much better.

The valuation plan given by Qu Li was not scientifically rigorous, but he promised that the financial data was true and reliable. The company's operations were mainly based on smartphones and smart devices, and its annual R&D investment was between 5% and 10% of revenue. Purely Electric cars included.In order to build a car, Qu Li can make more sacrifices, including paying for equity incentives out of his own pocket!

“Qiancheng’s pure electric vehicle data is close to Tesla, and there is great hope for success…”

Qu Li will not give up the development of pure electric vehicles, and will continue to study autonomous driving and realize the "internet of everything" through smartphones, all of which seem to be exaggerated ideas.

Not only that, Honor is not a "narrow" Chinese company. It has an international talent pool, a supply chain all over the world, patent cooperation with Qualcomm, and a procurement contract with Samsung, all of which prove Honor's professionalism and maturity.

"I want a veto power that is not tied to shares." Qu Li put forward his request

“Why not super voting rights?”

"Will everyone agree?" Qu Li was not very confident. He wanted more than that. Whether he could help Glory was the most important thing. He owned enough shares.

"Glory's success is inseparable from you, it is your foresight..."

These financial institutions are not believers. They did a lot of research before making investments. They have a deep understanding of Qu Li, Li Yinan, and Lei Jun, and they know that Qu Li has a great influence in Glory.

Qu Li actually wanted a veto power that he could inherit, but he felt it was meaningless. When the company was strong, he didn't want to let anything go. However, most companies are cyclical, and there are not many technology companies that can maintain long-term competitiveness. Every era has its own protagonist.

Qu Li's idea of ​​​​wanting super voting rights, although there were some minor twists and turns, quickly disappeared. Investors were too enthusiastic, and Honor had almost no obvious shortcomings. This Pre-IPO was equivalent to giving away money.

Honor’s total share capital is 1.5 million. This time, the financing is based on US$330 per share, no more than 1000 million shares, and US$33 billion accounts for about 6%.

US$33 billion is just one year's net profit. The significance of financing at this time is not only to prepare for the listing, but also to supplement cash flow and clear some debts. After all, Honor already owes a lot of money throughout the entire supply chain.

The choice of investment institutions is the most difficult, which requires strong information capabilities, so things cannot be rushed, and both parties need to conduct further testing.Qu Li took the time to pay attention to the progress of the Honor Super Bowl promotional video, and gave Liu Yifei an endorsement contract beyond her current status to endorse the Honor brand: A girl is flying in the wilderness on a balance bike, her upper body swaying in the wind, holding a G4 in one hand On the mobile phone, a drone flies by, showing the drone's perspective.

It seems that I don’t have a tablet, but don’t worry. If you want to control the drone without a tablet, you can view the footage captured by the drone in real time. This function should be possible in 2010, right?