Reborn Entrepreneurial Giant

As the founder, Qu Li lent money to the company, which undoubtedly strengthened the confidence of investors. There was no other way. Seeing that Jumei was about to explode, investors such as Lehman did not want Qu Li to buy shares at a low price.

At this time, the Fed's benchmark interest rate was about 5%, and domestic corporate bonds were basically above 5%. Qu Li didn't want to run away, so it was impossible not to pay interest. However, he only has a one-year short-term loan, so he only needs to pay 6% interest and return the soft sister currency when it expires. If there is no accident, the soft sister currency will continue to appreciate from the current 1 to 7.5 yuan to 1 to 6.8 yuan.

Qu Li’s personal and company management equity incentive plans have been released one after another. The company’s stock price has risen from 2.6 US dollars to 3.8 US dollars. Because of the advertising cooperation between shopee and Facebook, Qu Li can get up to 5 million shares in rewards, and he can also share with the management. 5 million shares of equity incentives, that is to say, several venture capitalists have agreed to a $38 million equity incentive plan, and the company's total share capital will eventually expand to 160 million shares.

Not to mention the specific implementation conditions. Facebook’s growth rate will exceed many people’s expectations. Although the advertising cooperation between Shopee and Facebook will cost money, this kind of strategic cooperation is definitely a blood profit.

Shopee received sports shoes and women's clothing sent from China to the United States by Jumei, turning the once-a-week group buying into once a day. Coconut shoes are also arranged in three grades of 99, 129, and 149 US dollars. More low-priced products of 19, 29, and 39 yuan appeared on the platform.

In order to quickly increase the purchase volume, the unit price of free shipping has been reduced to $49, and a shipping fee of $3.99 will be added below this price. Amazon seems to offer free shipping for $35, I don't know how they do it.

Xiangyun brand specializes in sports shoes, the price is lower than Adidas Nike, higher than domestic brands such as Anta and Li-Ning, and a new brand "Ming" has been established to sell men's shirts, Danlin women's clothing, cotton · times, etc., which are cost-effective and cover various price ranges costumes.

By the way, Riyue Fenghua has also registered Qinhan and other dynasty series clothing brands.

The entire Jumei is constantly adjusting, just when he is needed, but Glory seems to need him more. The negotiation between Zhou Shaoning and T-Mobile is going smoothly. The purchase volume of the German market is larger than that of the United States, exceeding 300,000 units.

But Nokia CEO Kallasvuo Kallasvuo is very interested in Honor, a new mobile phone brand. A heroine brand actually wants to rely on overseas markets to survive, and has to obtain a patent authorization before producing a mobile phone. The high cost forced Honor to only use high-end brands, but why is Qu Li so reckless? Nokia has Symbian, why should it support Google Android?

"After the emergence of Android, it is almost impossible for Symbian to succeed..." Qu Lifei went to Germany to meet the CEO of Nokia in Finland.

"Why do you have such an idea?" Kang Peikai was somewhat disapproving

"I don't understand technology, but I understand logical reasoning. Google acquired Android in 2005. After seeing the iPhone, it realized that this was a good opportunity. It quickly transformed and invested more manpower, physical and financial resources to support the development of the Android system, because it is this. It is the foundation of the existence of the mobile Internet.”

"The world's best programmers are all in Silicon Valley, and the status of Android is so important. Are you sure that Nokia's investment in Symbian is one-tenth of Google's Android? Well, even if Nokia's investment in Symbian is half of Google's Android , but don’t forget that Android is open source and free, so how many years can Nokia last without making money?”

"As long as Google can support Android, we can support Symbian."

"Google search is free, and they make money from free products..." The meaning behind this sentence is self-evident, Android can make money for Google, but Symbian cannot make money for Nokia.

"There is another problem. Nokia Asia Pacific has become stronger. Well-known brands such as Motorola, Samsung, and LG will support Android, hoping to break through..."

"I know, I won't embarrass Glory on the patent issue." Kallasvuo was quite hit. Symbian was not prepared for touch screens. It took a long time to re-develop a new operating system. Windows can dominate the PC era. Wait until IOS and Android After the application ecology is perfected, no, what about Windows Mobile...

How much and how much the mobile phone patent licensing fee has to be paid? Honor has taken care of Huawei, Nokia, and Motorola, and there will be basically no problems in the two major markets of Europe and the United States. As for Nortel Networks, forget it, Honor is short of money.

Coming to Deutsche Telekom, the negotiations between the two parties are basically over. Honor will be sold in the British and German markets in January next year. The first batch of purchases is 300,000 units, which is twice as much as that of the American company. Other conditions are similar. However, if it is priced in euros, the US dollar to the euro is now 1 to 0.7, and a mobile phone with an original price of 399 US dollars will become 299 euros in the EU, and so on.

The final purchase amount was about 100 million euros, and the prepayment was about 32 million euros. Other issues such as exchange rate risks were solved by the methods commonly used by multinational companies.

The trip to Europe went well, but Qu Li couldn’t be happier. The order for a total of 450,000 units of mobile phones is a heavy pressure. This is their first mobile phone. Although it has been polished for a long time, no one can guarantee whether it is designed or not. Defects, as well as the quality of BYD's foundry, in order to prevent accidents, Qu Li plans to produce 500,000 mobile phones at a time. In extreme cases, such as serious design flaws, Qu Li could be left with huge debts.

"The contract has already been signed, so what's the use of worrying now?"

The Honor G1 mobile phone has not only been tested by itself, but also by Google, which has passed the FCA certification of the United States. There must be no obvious design defects, but no one can guarantee whether there are any defects similar to Apple's wire door.

"Are you saying VCs are willing to share the risk with us?"

"Should be, Lehman Brothers is so enthusiastic." Zhou Shaoning felt that these venture capitalists may not be able to clearly understand the risks that Honor is facing. Once Honor's high-end route is cleared, the profit margin is obviously higher than that of Motorola, Samsung and other brands. Opportunities greater than the risk.

Thinking of Lehman Brothers, Qu Li felt chills, Ma De, after Lehman's bankruptcy, the equity transfer has been delayed for a year or two, will the development of Glory be greatly affected? It seems that an agreement must be signed: once Lehman goes bankrupt, the shares they hold will be forcibly transferred to other shareholders. The specific design needs to be discussed with several venture capitalists. It is impossible for him to directly target Lehman.

"Investor risk prevention?" Andrew looked like a fool. He didn't know why Qu Li mentioned such a clause. Was it aimed at others or to avoid the risk of extreme situations?

"No problem." Sequoia, SAIF, Warburg Pincus, Tiger and other venture capitalists agreed without thinking.