Reborn Entrepreneurial Giant

5Phone has always been a star car company in China, and a lot of information is spread on the Internet. For example, the high marketing and management expenses are due to the construction of directly-operated stores and charging piles. The advertising expenditure should be considered the lowest in China.

Moreover, the focus of external publicity is not how good the quality of Qiancheng Geometry is, but how much effort they have made to produce high-quality, high-reliability cars, and how intelligent cars are to improve the safety factor of car driving.

Cars with a promising future represent safety, reliability, technology and fashion. This can be seen from the development history of this company. It started with Mitsubishi, then learned from Honda/Toyota, and after acquiring Saab, it recruited a large number of Opel automotive engineers. At the same time, it has the advantages of Japanese, German, and Swedish cars, and because of Honor's technological attributes, it has evolved into a new era of automobile industry.

Some media at home and abroad have called the cars produced and sold by Qiancheng Geometry as typical representatives of "Chinese cars". Although it is still the only one, don't underestimate the learning ability of independent brands.

In fact, BYD has been learning from Qiancheng Geometry over the years. Chery also arranged for people to study with Qiancheng Geometry because of its cooperation in developing gearboxes. Other companies that have no relationship with Qiancheng Geometry basically visit Xingsha or Yangcheng.

You generally have to wait to buy CMOS's best-selling dishes. For example, the "epoch-making" affordable pure electric car Geometry Y6 has more than 200,000 orders. In less than two weeks, it has added 100,000 orders globally, even Tesla Model 3 scheduled user abandons the order.

Qu Li's business philosophy has clearly told consumers around the world that although he has a lot in common with Tesla's Musk, his future path is more "steady" and more trustworthy.

Before Tesla built a factory in China, many people in China called it an American boss. They relied on deception to grow and develop, but Qu Li seemed like a fresh-faced person. Last year's car sales ranked behind Fiat, ranking 15th in the world, and Mitsubishi ranked 10th.

For a car company with annual sales of more than 1 million, you can't say it's a scam company, so the CM model has become another successful business case. I don’t know how many times Qu Li has become an MBA case in various countries. It is not important. What is important is that domestic and foreign consumers believe that he is doing things seriously.

Fortunately, Qu Li has established credibility. Because of his intrusion, although there is no coarse grain grocery store, Jumei Youpin and Mi Technology Company have perfectly replaced them. All selling points, such as the most important parameters that affect the quality of the product, They tell consumers one by one so that they know how to judge the quality of a product.

Until five or six years later, many people did not consider the chip or system when buying a mobile phone. They only looked at the brand and made decisions through advertising. As for current TVs, air conditioners and other large and small household appliances, they are constantly digging holes for consumers. For example, some TVs claim to have 32-core processors...

No matter how good the products of Couliang are, they can be regarded as "honest and kind". His existence has seriously affected the deception and abduction of many unscrupulous merchants.

Think about how much a TV with a 32-core processor can sell for. A rice cooker or a power strip cannot be made well. Most small and medium-sized private enterprises in China are unsatisfactory and can only make progress under the encouragement of others.

Jumei Youpin makes full use of its channel advantages and cooperates with a large number of start-up companies. Through the integration of supply chain and technical solutions, it sells goods to consumers at reasonable profits and sells cost-effective products. At the same time, it showed its ability to force major brands to make concessions. The lowest price on the entire network can only appear on the Jumei platform.

The most important thing is that the success of coarse grains can force companies to upgrade their technologies, allowing them to earn excess profits through innovation rather than harvesting through monopoly and information asymmetry.

Coarse Grain Company has been known as a "conscience" enterprise for a long time, until it was later smeared by a large number of rumors by a certain group, coupled with the strong domestic demand for "independent and controllable" and various unfavorable factors, it was detained The title of "comprador enterprise".

Companies like Honor and CMEF that can drive the entire industry chain to grow together cannot be slandered as comprador companies in any case. Even if they say that their technology is not good, it will be difficult to convince people.

Honor supports open source chip architecture and promotes open source programming languages. Starting from the Internet infrastructure, it has made a lot of contributions to "autonomous and controllable". Needless to say, Geometry’s pure electric car. Qu Li has been calling for electrification and intelligence of cars for many years, and now it has been widely recognized. Then comes software-defined hardware, which is often used for OTA upgrades. Few people in China think that Geometry is not as good as Geometry. Silla, Quli is not as good as Musk!

With the credibility he has established over a long period of time, CMake has a high degree of acceptance in the country. Although it cannot challenge the BBA or even shake the public, it is really not afraid of Japanese and Korean cars.

Therefore, domestic police vehicles have begun to purchase large quantities of CMGE's fuel vehicles. Geometry G9/Y9 have appeared in large numbers in official vehicles. Domestic vehicles have been used to replace joint venture vehicles. This trend has already begun, but where will CMOE's factories enter? There is "preferential treatment". There is no such thing as leadership in product technology and quality that guarantees success.

Qu Li took advantage of the meeting to deal with some backlogged matters for the future, and also learned about some progress of Yingda Real Estate. The most sincere company is actually Ping An Insurance, which is both reasonable and somewhat unexpected.

Ping An Insurance is almost the largest "real estate company" in China. It is the major shareholder of many real estate companies such as China Fortune Land Development and owns a large number of real estate assets. Therefore, when the market is good, their return on investment is quite high, and they are still the representatives of "white horse stocks".

The sale of shares by Yingda Real Estate this time is not only to raise money for Qu Li to fulfill his promise, but also to invest in the construction of the "Eye of the Earth" project in Chengdu. The total investment exceeds 10 billion. It is considered a big project in the world and will continue to be maintained. Investment in the long-term rental housing industry.

The "Eye of the Earth" project is full of imagination and can accommodate nearly 20,000 people. It is a high-end consumption venue. 60% of the tickets to MSG Sphere in Las Vegas are less than 300 US dollars, and there are still more than 500 US dollars, which are cost-effective in RMB. A ticket costs about one thousand to ten thousand, but wealthy people in China can still afford it.

The "Eye of the Earth" project is very feasible. The external display effect is 1.2 million LED light sources, and there are densely packed lights nearby. The interior is a 4D experience (in addition to 3D, a tactile sensation is added, including wind, fragrance, humidity, etc.). This is art. , the product of the perfect integration of technology and business.

If it weren’t for Qu Li to do this project, with Glory behind it, and Time Jumei, two of the world’s top technology companies, not necessarily anyone would believe it, but he could turn the most outrageous things into reality, and this project would have great benefits. The business prospects are likely to change the current way of human entertainment.

This also means that in addition to being a long-term rental housing company, Yingda Real Estate also has a larger space for imagination, and it is the kind of real estate company that can transcend the real estate cycle and integrate culture, entertainment and tourism.

Not only Ping'an, but also Wanda, which is deeply in debt crisis, want to get involved. Real estate giants such as Jianghu Jiyu Sunac and others have ideas. There are also many state-owned enterprises that want to take on more "social responsibilities" through long-term rental housing. Qu Li let Chen Danlin take responsibility, but if he, the male protagonist, did not come forward, others would be worried after all.

The first thing to determine is the company's valuation. Yingda Real Estate, which has 120,000 houses and about 1 million square meters of self-owned houses in first-tier cities, is valued at 50 billion. If you add nearly 20 billion in debt, it will be about 70 billion.