Reborn Entrepreneurial Giant.

Chapter 416 Risk Mitigation

A few days after the Honor Shareholders Meeting, Lei Jun flew to Seoul, the country of kimchi. Although I don’t know who it is, there must be forces behind it to push Apple to sue Honor for its patent lawsuit. This can be detected from the recent feedback from SK Telecom. two.

Qu Li contacted the Ministry of Commerce, Lei Jun contacted Apple, and then flew to Bangzi Country.

If they didn't discover it, forget it. If they discovered it in advance, if they wanted to take action again, it would be a shame. Not to mention the resources used, it might also harm the interests of the collective.

The relationship between China and South Korea is very good now, really very good. Including Japan, the three countries even wanted to establish a China-Japan-South Korea Free Trade Area. Anyone with a little common sense knows that once this free trade area is established, it will have a huge impact on the regional economy. After many accidents occurred, the idea never became a reality.

In recent years, the leaders of South Korea and Japan have not turned to the United States. Honor originally focused its market development on these two countries, and it was not just talk to lure Apple into action.Virtual reality can be converted into each other. If Glory really wants to stand firm, the markets of these two countries may be its basic base.Apart from Qu Li, who knows about such a national event?

After Honor went public, communication with relevant departments was indispensable. At this time, there was not much conflict. On the surface, it could even be said to be a honeymoon period.Qu Li contacted the Ministry of Commerce, apparently to ask them to give the green light for the company to go public. Before the company went public, he had never heard of any domestic Internet technology company that had been listed.

Although he was not prepared to block Glory, the Two Sessions were about to be held and all departments were overwhelmed. Qu Li had no choice but to say that Glory was almost tricked in Bangzi Country and needed the country's support.

"Is there such a thing?"

"Although there is no definite evidence, since there is an abnormality, we must pay attention to it. If the problem breaks out, even if the country will come forward, it will not help." Qu Li

"Why are you so anxious to go public? Are you short of money?"

"The listing is based on the company's overall strategic considerations. We want to improve the retail system globally." Qu Li said the words of Honor financing. The existing channels have reached their limits. If you want to increase sales, you must expand channels. Honor plans to expand sales in major countries around the world. Build at least 100 self-operated stores in and areas.

"Is it necessary to build such a good store?" The leader wondered. The decoration level of Honor's store in Beijin is almost unparalleled in the domestic electronic consumer goods industry. Many people are questioning: Why don't they sell at a reduced price and give profits to someone with so much money? consumer?

"Can European luxury goods such as Louis Vuitton and Hermès be sold at such high prices at roadside stalls? We are pushed by the market to run ahead. I would like to make do with it, but our target audience and consumer groups do not agree."

Qu Li's words did not satisfy the leader. A few days later, a senior leader of the National Academy of Sciences made an appointment with him.The company Glory has given Qu Li so much "honor" that Zhongyang's leaders often see him. This kind of treatment should be considered very rare in China.

"Why is Honor so anxious to go public?" Qu Li asked the same question, but he didn't dare to use the same words and could only answer honestly.

"This is based on our strategic judgment. Honor's product strength has lagged behind Apple's iPhone. Although the market is still growing, competition is intensifying. Samsung, HTC, and even domestic mobile phone brands may launch competitive products. Honor will It is no longer special. According to preliminary estimates, it may take us about five years to overtake the iPhone..."

"Secondly, Google will tighten its control over Android. It is almost impossible for us to win the game with Google. Although there are other options such as Microsoft, no matter who wins the final victory, mobile phone manufacturers can only passively accept it. , may repeat the pattern of the PC market."

"Third, if we want to develop chips, operating systems, and pure electric vehicles, we not only need money, but also more high-end talents. After the company goes public, it can establish greater credibility and give supply chain companies more confidence. Last year, Forbes said The valuation of glory..."

Honor’s financing this time, with a valuation of more than US$500, has blinded many people’s attention.Think about it. Many years later, the highest market value of coarse-grained mobile phones will be HK$9000 billion. Honor's current IPO market value is US$1000 billion. The market is so crazy, how can Qu Li have any reason to refuse?

"Why do you say Apple has surpassed Honor? Aren't you the world's largest smartphone company?" the leader asked.

"Apple's iPad sales and consumer reviews exceed those of Honor's Gpad, and their flagship iPhone 4 also surpasses Honor's flagship. And assuming the life cycle of the iPhone is three years, Honor's life cycle may only be two years..." Qu Li said in frustration

"The gap is quite big. Honor can now develop chips, but can Zhang Yaqin develop operating systems?" asked the leader, who was familiar with Zhang Yaqin.

"Yes, but now there are more than [-] million Android users, and the advantages of iOS user experience are very obvious. We need to continue to invest more money and time than Google and Apple to catch up. The key is the lack of talents in this area in China... ..." Qu Li means that there is basically no chance. Maybe in more than ten years, IOS and Android will become more and more bloated. At that time, subtraction may be able to occupy a certain market segment.

"Since Glory has the strength, we can start cultivating talents from now on."

"We are developing a car-machine system!"

"Car system?"

"Our goal is to develop autonomous vehicles based on pure electric vehicles."

"..."

Thinking about how many people had heard of the term self-driving cars in 2011, and the older generation is definitely not as accepting of new things as young people, Qu Li’s words are either shocking or unreliable.

Fortunately, Qu Li is Time Magazine's Person of the Year and was crowned by Wai Guoren. The achievements of Glory and Jumei cannot be faked, and the senior leaders of the National Academy of Sciences have given him more trust.Qu Li took the opportunity to express his confusion as to whether he should make pure electric vehicles himself or use his own technical advantages to provide solutions for other automobile companies.

"Glory itself is a brand, why would you think..."

"..." Can Qu Li say that he got inspiration from the Chrysanthemum Factory?Isn’t it a good thing to be the next Bosch with annual revenue of US$879 billion (2018)?There may only be two or three automobile companies in the country that surpass Bosch.

He couldn't get answers from his leader, and he had to find solutions to many things by himself. However, his problems were solved, and Lei Jun went smoothly in Kimchi Country.

Apple finally agreed and soon announced the withdrawal of patent lawsuits against Honor globally. In an interview with the media in Kimchi Country, Lei Jun announced the withdrawal of various patent infringement lawsuits against Apple.

Although the settlement between the two companies has not been officially announced, the meaning has been very clear. A large number of Wall Street media have begun to discuss: The world's two largest smartphone companies have settled. What does this mean: Honor is listed?Indirectly suppress Samsung and Nokia?Or is it to concentrate on bidding for Nortel Networks patents?