Reborn Entrepreneurial Giant.

Chapter 131 Borrowing money for production

Jumei was recruiting people in Pengcheng while studying with Warwick. They originally contacted Futukang for OEM, but they had no money and no carrier orders. They were worried that they would not receive the balance because there were too many copycat companies. After many times, many OEM companies directly demanded full payment.

All fools know that it is impossible to pay in full. What if there is a quality problem after the money is paid? What should I do if there is a lawsuit?Not only did the delay last for a long time, but it also affected the normal operation of the company. After Futukang refused.Honor did not rush to contact Luxshare Precision and BYD.

Start-up companies have no business reputation. Xiaomi also encountered a similar thing back then!But this is not 2011, it is 2007.The Ministry of Industry and Information Technology has not opened up mobile phone licenses, copycat phones have not reached their peak, there are not enough scammers and there are enough fools, and there are always shrewd and bold entrepreneurs willing to take risks.

Honor's first mobile phone can be seen with a metal frame. The slightly slender BlackBerry 9900 has the same 3.5-inch, 480*320 pixel, 1600 million color TFT screen as the Apple iPhone. The display effect may be different, but this is already the most popular one. Good choice.The mobile phone screen supplier chose Samsung, not because Sharp is bad, but because Samsung is more flexible.

GPS and WIFI are standard. The 2G version has a 200-megapixel rear camera, the 3G version has a 320-megapixel camera, and both have 30-megapixel front cameras. The mobile phone capacities are 4G and 8G respectively.

The most critical CPU is Texas Instruments' OMAP3430. They released it at the beginning of the year. After Honor tested it, they were the first to purchase this CPU and pay a deposit. So Texas Instruments started trial production in June. Texas Instruments mass-produced it. Time determines when Honor mobile phones will finally be launched.

The complexity of the smartphone supply chain still exceeds Qu Li’s imagination. In addition to those parameters, he has not said that the iconic metal frame, processing technology, color performance, and feel of Honor’s future products will all surpass the first-generation iPhone, allowing companies to believe Glory, and purchasing more advanced equipment is no small matter.

Fortunately, domestic industrial manufacturing enterprises are fully equipped and complete, and the economic environment is so good. Many entrepreneurs are not short of money, and many companies are willing to take risks to purchase advanced equipment in order to compete.Even if Honor lets go, they have improved their technical strength after all.

Thanks to this unprecedented bull market, there are no losers in A-shares. Do you think it’s strange?As a result, many entrepreneurs in Guangdong Province have ambitiously purchased the latest equipment, allowing Honor, a start-up mobile phone company, to enjoy privileges at the right time that are difficult for Xiaomi and other scumbags to enjoy.

At this time, Qu Li had already made up his mind to produce 10 units in the first batch. It can be estimated that the cost of the next mobile phone will exceed US$200, and 10 units will cost US$2000 million.Honor’s start-up capital is 1.1 million soft sister coins, a total of about 1500 US dollars.The company has been established for half a year, has nearly a hundred people, and needs to pay for various advanced equipment purchases and chip purchase contracts.

The reason why they are not worried about financing issues is mainly because they rely on Google. Once they reach an agreement with T-Mobile with the help of Google, the company's valuation will increase significantly.

But things are not that simple. How can T-Mobile trust your delivery ability?What if Honor cannot raise cash in the short term?After being reminded by Warwick experts, Qu Li and Zhou Shaoning discovered that they had overlooked many important things. Fortunately, they found out in time.

2000 million US dollars is not much. Qu Li spent 4000 million US dollars not long ago. It is really difficult to raise this money in the short term.

"Can you lend me a short-term loan?" Qu Li contacted Lehman's Andrew. I am unkind and unjust. Don't blame me for catching you.

"Borrowing money, for what purpose?"

"To produce Honor mobile phones, we need purchasing funds."

"Does Glory need financing?"

"Needed, but not now. The $2000 million will be received within 7 days, is it available?"

"Yes, I will come right away." Andrew did not hesitate, he would not miss the opportunity.

Lehman has money, but you may not be able to get it. Qu Li Wenwen lacks the level.

Lehman Brothers quickly arranged for a team to come over, and Qu Li also showed their trump card at this time: Google Android.The competition between Honor and iPhone is actually the competition between Google and Apple. This "truth" is the "fact" that Qu Li hopes Andrew and others will associate with each other.

As expected, Andrew discovered this more reasonable truth, so the probability of success of the Honor mobile phone was greater. If he was really unlucky under such good conditions, he couldn't blame others.

"Texas Instruments, Samsung Display, your main suppliers are all big companies..."

"Honor is a new brand. The first product is intended to make friends, not to make money."

"..." Andrew suddenly had a severe toothache and was so shameless.But Shopee's success in the United States made people at Lehman Brothers not want to offend Qu Li. There are also superstitions in the financial market. Some people believe that Qu Li is the "son of destiny" and that those who go against him will encounter bad luck.

"There is only so much information. Make a decision quickly after reading it. It's not like I can't find the money. If I didn't think you would be more efficient, I wouldn't give you this opportunity."

"Don't look any further, we are willing to invest in Glory."

"Do you think I can't wait two or three months, or do you think we are short of the $2000 million? Only Lehman can help Glory?"

"Don't worry, listen to me, Honor can issue us US$3000 million in debt-for-equity swaps, and all of it can be converted into shares after you start financing." Andrew said firmly

Qu Li looked at Andrew carefully. He didn't expect this guy to be so courageous. It's not unreasonable for Lehman Brothers to succeed. It's a pity to forget it.

"Okay, but it remains to be discussed whether all the US$3000 million in loans will be converted into shares."

"We don't need interest..." Andrew added again

"You guys are awesome, I'm convinced!" Qu Li didn't hesitate and agreed directly. If you have the ability, you can find another scapegoat to try.

Lehman Brothers not only gave them money, but also helped them find connections, such as Pavo, the vice president in charge of the supply chain management of Motorola mobile phones, and Daduo, the vice president of marketing who was familiar with American operators. The swift action made Honor management deeply satisfied.

It was already September when Qu Li and the others stepped into the United States. Google was in a hurry, otherwise it would be delayed for a while. After the large amount of funds arrived, they could confidently sign contracts with supply chain companies, Qu Li thought. The metal frame you want is really achievable.

Worrying about Texas Instruments, Qu Li also wanted to give them a sum of money in exchange for their delivery in advance or on time. Without an American like Pavo, it would be really difficult to operate.

They were planning to take the same flight to the United States, which frightened Andrew. The eldest and second eldest brother must not take the same flight. Important personnel of the company are the same. If something unexpected happened, the $3000 million they invested in Glory would be in vain!

"It turns out there are so many things to pay attention to. I really wouldn't know if I didn't tell you."

"Maybe we weren't important before, but now we are."

"Oh, it's the uncle who owes money..."

"Haha..." The group parted confidently and flew to the United States on different flights from various cities.