Reborn Entrepreneurial Giant.

Shi Shi encountered all kinds of troubles abroad. It was expected from the beginning. It is difficult for small companies to go overseas and become bigger. Only large companies have the ability to deal with various risks.Honor has encountered more troubles, from the initial patent and sales ban crises to now various rumors about information privacy protection circulating in the United States.

The impact is that the sales of IPhone overtake Honor in the United States, and Samsung mobile phones impact Honor's market share. In general, an invisible force affects the sales of Honor mobile phones in the United States. Fortunately, this does not affect Europe.

Even so, there is still a lot of noise affecting them, and it takes a lot of energy to maintain the relationship between the top and bottom of the United States. There are also important investment institutions demanding dividends from Honor.

There is a reason why Qu Li would rather sell stocks than pay dividends. On the one hand, it allows more Wall Street capital to own Honor's stocks. On the other hand, high net profit means more funds are available. Honor needs to make breakthroughs in the battery field, and also To try a whole-house smart home, various investment directions are full of controversy, but he still has to persist.

When Honor was not listed, Qu Li could acquire Changfeng Cheetah. It wasn’t that the investors of Dinghui and Wei Gang were very open-minded, but that they didn’t have the chips in their hands that could deter Qu Li. If he was pressed for time, he could replace them at any time. Venture capital institutions.

It’s no longer possible. After the company goes public, it will be subject to many game rules. Qu Li, as the founder with super voting rights, can certainly find ways to avoid it, but he will inevitably be subject to various (class) lawsuits. It depends on whether it is worth it. .

Lei Jun gave the reason why Honor does not pay dividends. Competition in the smartphone industry has intensified. In order to consolidate its advantages, it needs to continue to invest in chip design. He analyzed each product line one by one, including tablets and computers, from notebooks to all-in-one computers.

The reason why Honor dares to invest more in the PC field and expand its product line is because it has found a weapon to compete with Apple, which is the NPU, or AI acceleration chip, which is used for video and image processing. After the popularity of large models, it may be used for Office AI acceleration.

Apple will have their M series chips in the future, and Honor will also have its own direction to pursue AI to the end, and will even develop AI chips that partially replace GPU functions.In the existing PC architecture, it is completely possible to access the AI ​​chip through the M.2 interface.Honor is now cooperating with AMD, and it may not be possible to deepen the cooperation and make their chips further compatible with Honor AI chips.

In fact, Intel later had VPU (visual processing), Google had NPU chips, and FPGA accelerator cards. But why were they not widely used in PC computers? Of course, it is because the usage scenarios are limited and expensive, and Microsoft Windows is also in this regard. Not active.

This leaves a gap. If Windows does not cooperate and Honor has urgent needs, it may not develop a dedicated operating system.As for now, of course, we are working on power management AI, optimizing notebook battery life, and improving the response speed of commonly used software.

As for why it is an all-in-one computer, in addition to its beautiful appearance and high quality, it is also because in the individual consumer market, it is difficult for branded desktop computers to compete with compatible computers and assembled machines. Unless they go through government and enterprise procurement channels, all-in-one computers can also evolve into cloud computers. .

The above are the reasons why Honor has increased its investment in the PC field. Smart wearable devices, drones, balance vehicles, etc. have all proven themselves and there is no need to go into details.

For whole-house smart homes, Honor just recently took a stake in Midea Electrical Appliances, which means that Honor will use more cooperation methods instead of manufacturing all home appliances by itself.In addition to smart voice speakers, there are also smart door locks. Currently, they only have fingerprint unlocking. In the future, there will be 3D structured light face-scanning unlocking, and there are also smart light bulbs for display.

At least in the eyes of the outside world, Honor's whole-house smart home concept has great feasibility and is recognized by the market, so Apple, Amazon, and Google are all working on it. Jumei is preparing to make low-priced voice speakers that are compatible with Honor standards, but Honor The promotion method has not been determined yet, whether it will be an open standard or an independent product.

Only the battery is more surprising. Honor has now separated Great Wall Huaguan, the car manufacturing business, and chosen to fully acquire Honeycomb Energy. It will also increase investment in this area. What this means is already obvious.

Investors have opinions, but Honeycomb Energy's overall investment is relatively limited, and smart wearable devices create more revenue and bring more profits. Therefore, Honor's market value has steadily exceeded US$2000 billion, and its stock price has fluctuated upward.

Apple has been affected by the impact. The company's market value has dropped from the same period in history to about 5000 billion US dollars, which is more than twice that of Honor. Its annual revenue is about twice as much, and the net profit gap may be more than three times.

The capital market has given Honor a market value of more than 2000 billion US dollars, exceeding Samsung's 1500 billion. Qu Li is still a little surprised. Samsung's revenue and net profit seem to be higher than Honor. Is the Honor brand and innovation ability recognized? Are smart wearables and whole-home smart homes really that important?

Qu Li didn't understand. Anyway, at first he thought that Honor's valuation of US$1000 billion was watery. Now it's US$2000 billion, and there's even more water. So he sold some shares first and bought them back through other channels when the stock price fell in value later?

So, while Honor is being sought after by Wall Street, it is also being suppressed by suspicion. In such a complicated situation, in order to make the right decision, is there any way other than cheating?

Qu Li's existence itself is a failure. He keeps making small mistakes and never makes any major directional mistakes. Through public information such as Weibo and Twitter, we know that Qu Li is a leader with shortcomings and ideas, but he is trustworthy.

Today, Qu Li's management ideas have long been spread around the world through the Internet. The initial symmetrical risks have been written and elaborated in books by American scholars.The later first principle, contextnocontrol (empowerment), to the recent empathy, defining reality and inspiring hope, are not only changes in Jumei’s values, but also progress in Quli’s management thinking.

Qu Li's success has been very influential, including the book "The Three-Body Problem" he recommended in his early years, which has been widely spread at home and abroad. Musk and Zuckerberg have both recommended this book.In May this year, it won the American Nebula Award, and in August it won the Hugo Award. In 5, it won the two most important awards in the global science fiction community. This honor is unique in China.

In just a few days, Liu’s fame surpassed that of many celebrities. Terms such as “dimensionality reduction strike” became popular search terms on Weibo, Baidu, and ancient songs. Sales of the novel “The Three-Body Problem” soared more than tenfold, and demand exceeded supply. The situation seems to be out of social fashion without a few words about "The Three-Body Problem".

Fortunately, Jumei had already made preparations and made a large amount of stock, so there was no shortage. Because of this exclusive resource, Jumei Books finally broke consumers' inherent perceptions and became an important choice for book consumption.