My Age of Investment

   Chapter 1442 The Seven Sons of Rejuvenation and the Ten Great Kings in China

   After successively finalizing the two investments in Rice and Meituan, Xia Jingxing organized the 2009 year-end summary meeting of the two major enterprise groups of Domestic Holdings and Fuxing Industry, and formulated development goals and plans for 2010 for the two companies.

   In the past year, Fuxing Industry has achieved numerous milestone breakthroughs.

  For example, Fuxing mobile phones achieved sales of 26.62 million units in 2009, and the annual revenue reached the level of RMB 100 billion for the first time.

If you add the Honor mobile phone that has already launched its first product on the market, as well as the tablet PC and other businesses that are ready to go on sale, Fuxing Consumer Electronics Group will steadily enter the world's top 500 this year, and it is not the kind of crane tail. Get a good ranking.

Benefiting from high mobile phone pricing and the divestiture of some R&D projects, such as SoC chips, the burden was left to Fuxing Semiconductor, and the net profit margin of Fuxing mobile phones, or the ability to attract money, was immediately reflected, and the profit figure was about 400. billion RMB.

   Such a strong profitability, raising a few brothers of the same mother, honoring mobile phones and reviving tablet computers, it is simply easy.

   On the premise of ensuring the healthy development of its own business, the excess profits of Fuxing Mobile - Fuxing Consumer Electronics Group will be turned over to the parent group Fuxing Industry to support the development of other subgroups.

   Compared with the Renaissance Consumer Electronics Group, which has been completely on the right track and started to take off, the other major sub-groups and business groups are much mediocre, and many are still in the stage of burning money.

  For example, the aerospace business group began to be self-sufficient with the development of both the reputation and sales of DJI drones.

   But the rocket company suddenly recruited a large number of experts from Russia and Ukraine, and then announced the launch of a series of projects, such as purchasing and assembling rockets, building a launch base, and officially launching the first rocket in 2010...

  It is foreseeable that the Rocket Company will spend a lot of money in the new year.

  DJI is almost even raising himself, let alone supporting his little brother like Fuxing Mobile.

  According to the date of birth, although the Rocket is bigger, he is actually the little brother of DJI.

   In addition, it is almost certain that the aerospace business group will not be able to self-create blood in the next ten years, and can only rely on the big brother of Fuxing Industry for blood transfusion during the period.

  The cloud and wisdom business group also needs long-term external blood transfusion.

  Fuxing Cloud has been developed, and server centers are being built in sub-regions in many cities across the country.

   Hainei.com, as a test product, became the first enterprise in China to go to the cloud.

   The feedback is good so far, so we need to go to the cloud for Ali.

   Just two customers, Hainei.com and Ali, are definitely not enough. Fuxingyun's task for the new year is to find more partners and sell its own cloud services.

  The cost of building a large-scale server center, optimizing and upgrading cloud services, a lot of R&D expenses, and the salary of the R&D team all need to be amortized.

   It will take a few years at least to reach the profit balance point.

   The development difficulty of Fuxing AI is much greater than that of Fuxing Cloud. Fuxing Cloud has at least begun to be commercialized, and intelligent voice assistants have not yet reached the commercial level, and are always groping in the laboratory.

  The research and development of unmanned driving has also started with difficulty. Without a few years of continuous research and development investment, even a laboratory cannot be built.

   However, the two major business groups of aerospace, cloud and intelligence are only insignificant when compared with Fuxing Semiconductor's ability to burn money.

   After Huaxin International merged into Fuxing Semiconductor as a whole, and successively initiated the acquisition of several fabs originally operated by Huaxin International, Fuxing Semiconductor was carrying a huge burden.

  The sky-high depreciation of the fab, the huge fab capacity that is nowhere to be released, and the backward process technology are all big problems in front of the revival semiconductor.

  The good news is that SoC chips and IoT chips will be officially put into production this year. Coupled with the baseband chips that continue to sing triumphantly, the fabs under Huaxin International will not be abandoned.

However, in order to achieve full production, it is necessary to work together on the entire industrial chain from chip design to terminal product sales, break the deadlock, draw market share from various competitors, and then hand over the chip manufacturing orders to your own family. to do it.

   In short, Fuxing Semiconductor is also a bottomless pit, perhaps the biggest bottomless pit, and there is no hope of profitability in the next few years.

  The situation of Fuxing Automobile Group is slightly better, but it is similar to the situation of the aerospace business group, which are all small horse-drawn carts.

   Wuling Motor's meager profits cannot support Fuxing Automobile's research and development, pre-market promotion, production capacity ramping and other tasks, and can only be supported by the parent group for a long time.

  The new energy business group currently has three main businesses, 3C products, such as consumer batteries for mobile phones, tablets, and notebook computers, automotive power batteries, and solar energy.

   At present, only the consumer battery business is in a profitable state, and the latter two are still in the heat of the fire.

   The tuyere will have to wait a few years at least.

  In addition to Fuxing Consumer Electronics Group, the best development is Fuxing Zhijia Group.

  Although the traditional home appliance business ranks second-rate, it can’t hold a complete range of products. It adds up to a lot, and the revenue is tens of billions of dollars a year.

   is that the product is relatively low-end, the profit is a little meager, and the net profit margin is only a few percent. Compared with Fuxing mobile phone, it is only one-tenth of other people's, and all the money earned is hard-earned money.

   In view of this, Xia Jingxing formulated a strategy for Fuxing Zhijia to overtake on a curve.

   For example, the first smart home product will be released this year, and at the same time, it will take this opportunity to enter the high-end market and try to enter European and American countries.

   In order to change the backwardness of the home appliance manufacturing business, Fuxing Zhijia Group also established a subsidiary Digital Industry.

   At present, this company has integrated all the home appliance manufacturing factory resources of Fuxing Zhijia, and has also cooperated with Fuxing Research Institute on several major R&D projects, such as industrial Internet and industrial cloud platform.

   In short, the digital industry is a test field for the revival industry in the field of integration of industry and technology.

   If the exploration is not bad, in the future, the manufacturing of the group's mobile phone, tablet, notebook computer, automobile and other businesses will all be integrated into the digital industry, and a smart factory will be established.

   Of course, it is still in the initial stage of exploration, and there is no shortcut to be found. It can only be done step by step.

  The general situation of Fuxing Industry is like this. Of the seven babies on a vine, currently only the big one is consumer electronics, and the second baby’s home appliance business has jumped out of the gourd, and the other five gourds are still bred.

  Fuxing Industry is like an old man with a white beard. On the one hand, he needs the big baby and the second baby to go out to fight monsters and ensure the safety of the rear; on the other hand, he needs to water and fertilize the other five gourds.

   Compared with the grand Fuxing Seven Sons, the layout of domestic holdings is slightly smaller.

   After adding two big kings one after another, there are ten kings under the current domestic holdings.

  The five kings of domestic network, Weibo, WeChat, MOMO voice, and domestic mailbox form a social matrix to attract users and continuously expand the traffic pool of domestic holdings.

Domestic Literature, Domestic Games, Domestic Films, Tudou Video, and Kugou Music have built a pan-entertainment matrix to provide a monetization channel for absorbing the flow of domestic holdings. At the same time, they are also enriching the services of the domestic holding system, enhancing brands and increasing Influence.

The layout of the   Ten King Kong is not without its disadvantages. It exposed Xia Jingxing's ambitions for the Chinese Internet too early, scared Chihiro and Penguin, and promoted the combination of the two companies.

   In order to give this pair of brothers and sisters some color, Xia Jingxing planted a series of bombs.

For example, instigating 360 to pick things up, being a pioneer, and taking the lead in setting up an online video alliance, coupled with the online film and television copyrights that Zhang Zhao has hoarded under Xia Jingxing’s instigation over the years. supply.

   Once there is no high-quality content, such as classic movies, new movies, and popular TV series, Chihiro will not be able to direct more traffic to Kiwi Video.

   Of course, kiwifruit can also pirate videos. Xia Jingxing welcomes them to do so. Tudou always arranges people to keep an eye on the kiwifruit video. Once there is any action, the Internet Film and Television Alliance will speak out for justice.

   Not to mention these counter-attacks, the main goal and task of domestic holdings this year is to launch WeChat, strengthen WeChat, and send WeChat to the sea.

When it comes to WeChat going overseas, under the special instruction of Xia Jingxing, Zhang Yong has been sending people to Singapore to build a branch. In the early stage, he mainly promoted the distribution of games and the promotion of MOMO voice. Bridgehead in Southeast Asia.

   In addition, it is worth mentioning that the revenue of domestic holdings exceeded 10 billion for the first time this year, and finally it looks like a giant.

   The reason why the revenue exceeded 10 billion yuan so quickly is that domestic games have made great contributions, contributing 60% of the entire group's revenue, which is 6 billion yuan.

  Although this level of revenue is incomparable to Fuxing Industry, which is a big business, it can't stand the high gross and net profit margins of the business. The net profit of the game business is almost 4 billion.

   Relying on this large-scale profitable business, it has directly wiped out the losses and R&D expenditures of all other businesses, and even has a surplus of more than one billion yuan.

  Compared with Fuxing Industry, which gave Xia Jingxing a lot of headaches, Hai Nei Holdings was simply a top student.

   If there is no substantial money-burning in the follow-up, the domestic holdings hardly need Xia Jingxing to inject blood and transfusion, and already has a strong self-hematopoietic ability.

   After the two conferences were held in succession, Xia Jingxing had a comprehensive and clear understanding of the development of these two core industrial groups in China.

There is only one stumbling block standing in the way of domestic holdings to dominate the road. As long as WeChat is taken down, it will be the momentum of strong Qin, and the top of the throne is just around the corner, and it can even go farther than the penguins in the previous life - such as going to sea and unifying the network video industry.

   In contrast, Xia Jingxing was more worried about reviving the industry.

   Currently, most of his work has shifted to reviving the industry.

  He controls countless companies at home and abroad, but there are only three companies that really belong to him, Facebook, Vision Capital, and Fuxing Industry.

  The three companies jointly witnessed his personal struggle history, and also represented the three stages of his venture capital career.

  From the accumulation of capital through entrepreneurship, to the investment of innovation and excellence, and then to the concentration of all resources towards the industrial platform of rejuvenation industry.

   In fact, until now, the renaissance industry can no longer be described as entrepreneurship and investment in the conventional sense.

   is more like a venture capital complex.

At first, there was only one Fuxing mobile phone. Later, with continuous acquisitions, it gradually evolved into Fuxing Seven, covering consumer electronics, household appliances, semiconductors, automobiles, new energy, aerospace and cloud computing, artificial intelligence, and many other cutting-edge technologies. industry.

   Behind each sub-group and business group, there is one or more heavyweight companies with extraordinary influence in the industry and the opportunity to become the world's first.

   When the champion companies follow his baton to arrange and combine, and carry out in-depth integration of cooperation, the sparks from the collision will definitely be extremely bright.

  Why is it called a venture capital complex?

   At present, Fuxing Qizi has cooperated with Envision Capital to create a mobile phone industry chain and a semiconductor industry chain. In the future, it may create a new energy industry chain, an automobile industry chain, a smart home industry chain and many other industry chains.

  The company under Fuxing Industry is a leading company, but it is impossible for one company to do everything, it also needs partners, and it also needs to build an ecosystem.

   And those partner companies that join the business ecosystem of Renaissance Industries can get investment from Vision Capital and achieve good development.

   Such a layout means that the development dividends of multiple industries and multiple industrial chains can be eaten from the head of the fish to the tail of the fish.

  Fuxing Industry's subsidiary company, as an industry leader, is a fish head;

   The countless upstream and downstream companies invested by the Renaissance Industrial Production Investment Fund, the Mobile Phone Production Investment Fund, and Vision Capital are equivalent to fish tails.

  In the whole process of development, many blank industries in China can be filled, such as the rocket, lithography machine industry chain;

   And those weak industries can be strengthened, such as semiconductors;

  As for industries that are already well developed, such as home appliances, they can follow the Fuxing Industry to go overseas - as long as they are connected to the Hongmeng system, they can still consider taking a trip with their peers.

   (end of this chapter)