Reborn Entrepreneurial Giant

The purpose of investing in the Golden State Warriors is self-evident. It is a good thing to make money, help Xiangyun grow, and witness the birth of a legend.

Qu Li and Joe Lacob, who entered the game suddenly, participated in the bidding of the Golden State Warriors. Although their combination is not short of money, their professional ability is really not reassuring. You must know that Chris Cohan, the former owner of the Warriors, was rated as the fourth worst basketball owner by the American media in 2009.

Joe Lacob and Qu Li bid 450 million US dollars, and finally won the bidding. Vision Investment accounted for 60% of the shares, and Joe Lacob obtained the actual control. Unless his ability is really not good, then both parties may be out .

The entire transaction process had nothing to do with Qu Li, but the CEO of Oracle called Qu Li, whom he had just met after he was eliminated, and everything was settled. Ballmer thought Qu Li was dishonest at first, but after reading the report, he found out that Qu Li is too magical. He bought a stake in the family immediately after talking to him about NBA basketball, which is too hasty.

The domestic media was so shocked by this news that they forgot to send a message. Is this true? How did Qu Li become a shareholder of a bad team?

More news came out, and the authenticity was confirmed. Qu Li has entered the business circle from the entertainment circle, and now he has entered the sports circle.

Fortunately, at this time, Honor released the Honor mate mobile phone endorsed by Messi. This mobile phone with retina screen and KunLun UI system, except for the operating system is not as good as the iPhone, other things can kill in seconds, especially the mobile phone call ability, data transmission speed and other indicators. Without a Qualcomm chip, the iPhone's calling ability is flawed. As for taking pictures, videos, and games, there is still no difference at this time. Oh, and standby battery life, the iPhone has an advantage.

The Mate series has enriched the choice of the Android mobile phone market, but it is a pity that Honor released three series of mobile phones within a year. The price of the basic model ranges from US$499 to US$599. Even so, it feels to domestic consumers that there is no room for price.

This is not only a problem of glory, but also has something to do with Qualcomm not providing more chip options. At this time, a variety of chips with high, medium and low prices have not yet been formed. If chips from other brands such as Texas Instruments and Samsung are used, they may be priced better. However, for the sake of long-term benefits, the contract with Qualcomm was revised. Qualcomm authorized CDMA patents in advance, but Honor provided a long-term procurement contract, and the annual chip procurement accounted for no less than 50%...

Qu Li communicated with the CEO of Qualcomm at the Sun Valley Summit. After the summit ended and participated in the bidding for the Golden State Warriors, he started negotiations with Qualcomm and determined the general direction. Qu Li clearly expressed the underlying logic of his self-developed chips: building differentiation Competitive advantage, reduce comprehensive use cost, master certain technical initiative...

"In order to ensure the safety of the supply chain, we will not give up our cooperation with Qualcomm, but it is impossible to buy products with product defects. The defects we call include: backward performance, power consumption, abnormal heating, etc." Qu Li is very realistic. A development strategy similar to that of Samsung's mobile phone chips may not be necessary, but it must be.

Qualcomm's chips will almost always be the best choice for Android phones in the next ten years. If they have no strength, only the craziest navy will believe it. Later, Qualcomm entered the automotive chip market, and the developed car-grade chip 8155 has almost become the standard configuration of electric car smart cockpits. If this kind of awesome company is a Chinese company, it would have been blown away.

Qu Li didn't want to interrupt the cooperation with Qualcomm, not only because he was afraid of being affected by trade disputes, but also because he was afraid that Honor's "Orion" chip would not be as good as Qualcomm. Once the self-developed Qualcomm 810 (Fire Dragon) chip appeared and there was no backup, it would be a disaster... …

Under the premise of such a high sales volume, the whole series of Honor uses Qualcomm chips, which is full of sincerity. This time the negotiation is not a matter of rattling swords and pennies and pennies, but a real solution to the problem.

The general plan is that Honor guarantees that the mate series will be dominated by Qualcomm chips, magic self-developed mainly, the G series flagship Qualcomm and self-developed equally, the planned find series will pay more attention to cost performance, and third-party chips can be purchased.

There are also purchase restrictions. For example, in principle, the purchase of Qualcomm chips for Honor mobile phones should not be less than 30% in the long term, and not less than 50% in the short term; or at least 30 million chips per year, or the purchase amount should not be less than...

It must be explained that Qualcomm’s CDMA patent is in hand, and it is impossible to make too many concessions while sitting on the Diaoyutai. For example, last year, Samsung obtained a 15-year patent authorization for Qualcomm’s CDMA, WCDMA and OFDMA patent rights for US$1.3 billion, and authorized Qualcomm to use them. 57% of its patents in mobile technology. Of course, Honor can afford this price, but at this time, Honor's patents and technology are not as good as Samsung's, so the price it pays is naturally higher.

"Excluding factors such as chip procurement, we will pay a price of US$2 billion in 15 years in terms of patent licensing alone. After that, the baseband and chip procurement prices will be lower than all other smartphone companies such as Samsung, Apple, and Nokia." Chen Jingqiu went to the United States to participate in the negotiations, reorganized many complicated contents, and confirmed with Qu Li.

"So much, what about the total contract amount?"

"The lower limit is $15 billion in 10 years!"

"Oh!" Qu Li felt distressed, he didn't know how to spend so much money.

"What if our company's products are banned from sale and fail?"

"There is a force majeure clause in the contract. As long as the purchase of Qualcomm chips accounts for no less than 50% of the Honor smartphones or the purchase amount exceeds US$1.5 billion, it will be valid if any of the conditions are met, and there will be a high fine for breaching..."

Qu Li didn't know that the numbers that looked scary at this time would be nothing after many years. The annual chip purchases for coarse-grained mobile phones exceeded 15 billion U.S. dollars. Moreover, Samsung mobile phones only have patent authorization, and their mobile phones have not had self-developed full Netcom chips for a long time. The Glory contract also includes Spreadtrum Communications cdma baseband chip

Lei Jun soon flew from London to the United States. In addition to signing the Qualcomm cooperation document, he will also actively respond to the lawsuit in the United States, and wait for an opportunity to counterclaim iPhone infringement...

"You bought the Warriors, why didn't you buy the Huomi?" Lei Jun asked when he saw Qu Li, Dayao hasn't retired yet.

"Team Fire is too expensive, this is a temporary decision." Qu Li would not say that Team Fire would become Mosaic later, he didn't need to go into troubled waters

"You dare to buy it after a temporary decision?" Lei Jun stared wide-eyed.

"Anyway, the risk is very small, at most you won't make money, and you won't lose money."

"How can there be any good business?" Lei Jun thought that Qu Li was confused

But Qu Li has a lot of useless little knowledge. Ten years later, there will be no team in the NBA with a valuation of less than 1 billion US dollars. Now, if you buy the Warriors for 450 million US dollars, you will have a 10% fixed for one year if you do nothing. Who doesn't want income for ordinary people? Not to mention that Joe Lacob may lead the Warriors to legend, and the team's valuation may exceed $4.5 billion.