Rebirth of England.

Boss Ren was actually somewhat interested in this plan.

The main reason is that the current Huawei is no longer the Huawei of ten years ago.

It can be said that because of Huawei's business model and development, it has gained more support from China, but the 23% stake held by Rich15 Capital has more or less become an obstacle for Huawei to gain further support in this regard.

After all, the autonomy of the communications industry has always been valued by all countries - the only difference is whether or not they have the ability to be independent.

Huawei's current performance fully deserves more support from the country, but in this case, having foreign investment and not having foreign investment are different concepts.

If Barron's plan is followed, then Huawei is simply giving up a portion of its European market share in exchange for its parent company's "pure Chinese bloodline" - not to mention that this will also help Huawei gain more market share in Europe.

According to Barron's plan, Huawei will still be the largest shareholder of the joint venture - its European joint venture Huawei Marconi, the share distribution will be Huawei holding 49%, DS Holdings (Cavendish Trust) holding 36%, William Weber Capital holding 15%...

In this way, at least in the British, French and German markets, Huawei Marconi will be treated equally with domestic telecommunications equipment suppliers.

As for Barron's words, Boss Ren knew the other party's power in these places, so he naturally had no doubts.

"Mr. Ren, I have learned about your experience and I admire your character and business acumen very much. Therefore, if there is an opportunity, we will become Huawei's most reliable partner."

"Your Highness, thank you for the compliment. I founded Huawei when I was 44 years old. In the past ten years, I have experienced many ups and downs. I can't compare with a dragon among men like you..."

Speaking of which, Boss Ren is still grateful to Barron. Back in 1998-2000, Huawei bet on 3G technology, but unexpectedly, China's 3G cameras were delayed in release, which put Huawei in a difficult situation at the time - they chose the GSM technology route, which made China Unicom's CDMAIS95 equipment purchases across the country almost all fall into the hands of ZTE.

You should know that the original 2G network had two standards, namely GSM (GPRS/EDGE) organized by the European ETSI and CDMAIS95/CDMA20001x from the American TIA organization led by Qualcomm. At that time, China's two mobile operators, China Mobile used GSM, and China Unicom used CDMAIS95.

Ultimately, Huawei believed that CDMAIS95 was a technology destined to be eliminated, so it placed almost all of its research and development and investment in GSM, preparing to continue developing 3G technology thereafter.

In the end, China Unicom's communication equipment bidding was won by ZTE, which invested in the research and development of CDMAIS95...

As for China Mobile's GSM bidding, Huawei was also unlucky. It happened to encounter a price war between European manufacturers in order to compete with American manufacturers. The price of GSM equipment plummeted. If Huawei calculated the R&D costs, it would lose money even if it won the bid...

Then the 3G technology they developed had no market in China because China was slow to launch 3G photography.

To make matters worse, UtStarcom, which occupied the vast majority of the PHS market in China at the time, relied on its market share to bundle and sell their broadband access equipment, which greatly squeezed Huawei's market share in broadband equipment.

You know, the main market for WCDMA, the 3G network of the GSM path, is in Europe. At that time, Huawei first reached a cooperation with O2 Telecom to enter the British and European markets, which saved its life.

After Barron held a 15% stake in Huawei, O2 Telecom's equipment in Europe was mainly purchased from Huawei. As O2 Telecom's scale expanded, Huawei now occupies a considerable market share in Europe.

Now that both sides have changed the way they cooperate, it can be said that it is beneficial to both sides.

For Barron, Huawei has a unique internal equity distribution method and has never been listed. In addition, Huawei's position in China's domestic telecommunications industry is becoming more and more important. In terms of influence, the 15% stake they hold is basically difficult to influence Huawei's decision-making. In terms of revenue, Huawei has invested almost all of its income in research and development, and basically will not distribute dividends. If it does not go public, it will not be launched through the open market...

Instead, it would be better to turn it into shares of a joint venture between the two parties in Europe.

According to the agreement reached between Barron and his former boss, Huawei Marconi will cooperate with Huawei to establish a research and development center in Europe, and the two sides will share their research and development results.

Huawei Marconi has also obtained authorization from Huawei to use Huawei's exclusive patents - of course, it needs to pay patent fees to Huawei.

In the future, all relevant communication equipment for the European market will be produced at Huawei's Marconi factory in the UK, which also means that Barron will be able to obtain half of the profits in the European market.

At the same time, O2 Telecom will also support Huawei's standards in the field of 5G technology in the future, and the two parties have reached a technical alliance for this.

Boss Ren also attaches great importance to the establishment of this joint venture, after all, it is related to Huawei's future European market.

Barron entertained Mr. Ren in London and even took time out to visit Chatsworth House in Derbyshire with him, showing his hospitality.

It is worth mentioning that Chatsworth House has closed to visitors on May 5 this year and will undergo overall renovation again.

And after this renovation, the manor will no longer be open to tourists.

Yes, this renovation of Chatsworth House will be more thorough than the previous overall renovation. Not only will the exterior walls be carefully maintained, but the interior of the manor house will also be renovated and modernized again, making it more suitable for modern people to live in.

Because after this renovation, Chatsworth House will return to being the residence of the Devonshire family and will be equipped with comprehensive security, and naturally it will no longer be open to tourists.

The Devonshire family initially opened the manor with the main purpose of obtaining funds in this way to cover the expensive maintenance costs of the manor.

Later, as Barron's assets continued to grow, he himself did not like living here very much - this kind of aristocratic manor was once used by aristocrats who lived a pastoral life and is not suitable for residence in today's commercial society.

When people like Barron are young, it is naturally more appropriate to live in a big city like London. Whether it is socializing, work, or even the education of children, the convenience of the big city is far beyond the reach of this old manor.

But now that he has reached Barron's position, it is not a big deal for him to occasionally come back here and live for a month or two, because he has the assistance of an entire team of assistants and a family office.

In this case, if Chatsworth House continues to be open to the public, according to Barron's security team, there will be some security risks.

Since he no longer cared about the funds for maintaining the estate, Barron simply decided to close it to the public after this overall renovation.

In addition to adding more modern facilities, this overall renovation will also include large-scale upgrades in security to prepare for emergencies.