Reborn Entrepreneurial Giant.

Chapter 465 Asset Allocation

2011年8月15日，谷歌拉里佩奇宣布和荣耀一起以125亿美元溢价63%的价格收购摩托罗拉移动。

Details such as the investment ratio and distribution plan of the two companies were subsequently released, and the stock prices fell to varying degrees.

Next came various interviews, of course it was Lei Jun who dealt with the reporters.Of course he wouldn't tell all the inside stories and details, but Google didn't want people to misunderstand. "Inside insiders" reported that it contacted Motorola for acquisition negotiations after Honor went public. Google was cutting off Nortel Networks patents because of Microsoft and Apple. That's why he intervened.

Although this acquisition is endorsed by Google, it still needs to pass the antitrust review of the United States, China, the European Union, Japan and South Korea, which is a huge challenge.Except for a certain person who was naturalized, it seems that no Chinese company has made successful acquisitions in North America.

For a company like Honor that has only been established for a few years, Qu Li believes that even if the final acquisition fails and the company loses tens of millions of dollars, having such an experience will be very worthwhile for Honor.At least those 3000 patents have a high probability of being obtained unconditionally.

Apple and Microsoft were indifferent to Honor's acquisition. Only Samsung, HTC, etc. were surprised and had not had time to jump up and down. Nokia had nothing to say about this.

Nokia's CEO is of Indian origin, and its current strategy is MeeGo first, Android second, and Symbian basically abandoned.But in actual execution, Zhou Shaoning is in charge of the China region and is responsible for the rapid replacement of Android smartphones at a rate of one new machine per month, covering various price ranges. The price range is very competitive in the US$150~350 range, and the monthly sales volume seems to be about to break through. 100 million units.

The first MeeGo mobile phone was launched in June this year, but by August, the sales volume was only about 6. Although it was better than the same period in history, it was not as good as Honor's Windows Phone system mobile phone.

Honor mateThe vacillating Nokia's best-selling products are Symbian phones and feature phones.

If the market share is divided according to mobile phone sales, Nokia is of course the industry leader, followed by Samsung, then Honor, Apple, LG, and ZTE.Yes, ZTE mobile phones have suddenly emerged. Although I don’t know where the products are sold, they rank quite high anyway.

But even so, Honor's acquisition of Motorola still cannot surpass Nokia and Samsung, and it is still third in the market. This is what Honor has emphasized externally. This acquisition will not constitute a monopoly anyway.

Qu Li participated in the subsequent public relations in the United States and understood the logic. The subsequent investment would cost tens of millions of dollars to win the approval of the acquisition from the United States.Qu Li didn't know if it was useful or if he would be cheated, but in order to achieve his goal, he didn't dare not pay.Billions of dollars have been spent. If the acquisition failed because he was reluctant to part with tens of millions of dollars, he would be a big injustice.

It is difficult for Qu Li, a low-level citizen, to understand the rules of the game at the upper level. Fortunately, he and Google have common interests. Microsoft remains neutral. Apple is having a headache because Motorola is suing because iCloud infringes on Motorola's synchronization patent and may lose a lot of money.Apple and Honor have reached a settlement agreement and there will be no conflicts in the short term.

Another reason why Honor thinks the United States will approve this acquisition is that the iPhone has surpassed Honor in the North American market. Although KOS and Qinglong 4 are good, Honor is a Chinese company. There are always people who spread rumors, slander, slander, and doubt Honor on the Internet. information security.Of course, it is also an important reason why IPhone[-]S surpasses Honor in terms of product capabilities.

Of course, it is impossible for Honor to admit that it has been surpassed by the iPhone. For this reason, it has increased differentiated promotion and promoted balance cars, drones, action cameras and Pentax cameras.It is important for consumers to know that Honor and Apple are different consumer electronics companies.If you can't find differentiation on mobile phones, look for it at other levels.For example, in the Death Grip of iPhone 4, Honor promoted Spreadtrum’s baseband chip and Honor’s signal quality.

Although Honor lags behind Apple in the North American market, it occupies an advantage in the Chinese and European markets, and is comparable in the Japanese and Korean markets. However, public opinions are all negative about Honor. Apple's IOS and AppStore are better than Android in terms of user experience and value-added revenue. , KOSStore based on the Android open source project.Now that Windows Phone has entered the mobile operating system market again, Honor will have fewer and fewer advantages in the future...

This is a difficult balancing process, which can neither make consumers feel that Honor is dying, nor make American dads feel that Honor is too big a threat.What I am most grateful for is the financial crisis. The United States has always needed funds from China.

Lei Jun returned to China first, while Qu Li continued to stay in the United States. It was not because of Glory that he had other matters to deal with, but mainly for personal matters. The international gold price had risen to 1800 US dollars, and he had earned billions of dollars, so he had to cash out.

Not only must he cash out, but he must also make some adjustments to his asset allocation, such as selling the shares of Netflix, which is undergoing transformation.Netflix is ​​the benchmark for Tencent Video and iQiyi, and its market value later exceeded US$2000 billion. Before becoming the king of global streaming media, it underwent a difficult transformation this year, completely changing from selling DVDs to a paid video website, and then to membership Charging model.The company's market value has dropped 75% from its high point, which is very sad.

Qu Li also thought about Honor looking for opportunities to invest in this video company to supplement its film and television resources, so he has always been concerned about Netflix. The two companies have some cooperation. For example, Honor is preparing to develop a video APP and let Netflix provide content for it.

Those are the future, sell Netflix stock, and then buy Google, Microsoft, Adobe, TSMC, ASML, NVIDIA, Visa, MasterCard, especially NVIDIA, although it is not a good investment to invest now Timing, but as a long-termist, he doesn't care about one or two years.Anyway, many of these investments can bring him a 10-fold return.

Investment is secondary. He is also preparing to privatize Yingda Real Estate and then promote it to become a professional property management service company with business scope including commercial, tourism, vacation real estate and asset management services.Qu Li doesn't want to buy a house all over the world, but Yingda Real Estate can.

For example, Greece now has a good opportunity. Asina, the granddaughter of Aristotle Onassis, the "Greek Shipping King", has inherited two islands in Greece: Skorpios and The maintenance costs of the island of Sparti are too high at 150 million euros per year, so it is ready for sale.

There was news that Bill Gai was ready to buy it in 2009, but it was not until 2013 that it was bought by a Russian billionaire for US$1.5 million.After Qu Li buys it, it can become an overseas vacation destination for Jumei Honor employees.

The current market value of Yingda Real Estate is about HK$50, and it should be acquired at a 10% premium. It is less than US$[-] billion. He can definitely spend the money, but he doesn't know what name it should be in. Maybe Chen Danlin can only come forward.