Reborn Entrepreneurial Giant.

Chapter 168 Investing in BYD

BYD's semiconductor business started in 2005, but there was no progress until 2008. The main reason was the lack of key talents. Unlike the founder of Jiaxing Star, who had worked for Infineon and was familiar with this industry.

Boatman Brother is similar to Qu Li at this time. They both think this thing is important and must invest in it. The difference is that Qu Li is not an engineer and does not have the confidence of Boatman Brother.

"The financial crisis will spread to the world. BYD has the opportunity to recruit high-end semiconductor talents around the world..." Qu Li gave an opinion to Boatman Brother

"We have been cultivating talents..."

Well, Qu Li knew it was useless. This time he cooperated with BYD in semiconductors, but these assets were difficult to value and could even be said to be worthless because he couldn't make a penny, so he simply bought shares in BYD.

Although the price for Qu Li's investment in BYD would be lower after a few months, his purpose was not to make money but to help BYD grow, so he didn't choose the time.

The plan designed by BYD is to issue 5000 million additional shares in a targeted manner. Qu Li has the right to increase his holdings in the market by 5000 million shares, up to a maximum of 1 million shares. Based on BYD's current total share capital of 20.25 billion, this is equivalent to Qu Li's shareholding in BYD. The proportion cannot exceed 5%.

The Vision Fund invested and Xiangjiang Investment participated in BYD's private placement. The price was set at HK$10 in subsequent negotiations. 5000 million shares would have to be paid HK$5 million and locked for 18 months, which was converted into Softmei coins in June 2008. About 6 million yuan.

A few months later, the price for Buffett's investment in BYD was HK$8. Of course, Qu Li couldn't compete with Buffett at this time. He could attract many investment institutions to enter the market and directly increase BYD's stock price from HK$9 at the time to HK$14 in one year. Later it rose to HK$70.

In any case, it is very worthwhile to invest in BYD at this time. Participating in BYD's private placement has made the previously unknown Xiangjiang Investment appear in the domestic investment arena in a very unexpected way.

Sun Jianhe returned to China and began to contact Spreadtrum CEO Wu Ping through Dr. Chen. Then Deng Feng from Northern Light Venture Capital met with Qu Li.

Deng Feng is known as one of the five most successful Chinese entrepreneurs in Silicon Valley. Netscreen, which he founded with his friends, was acquired by Cisco for US$5 billion. Northern Lights, which he founded in China in 40, invested in Spreadtrum. It seems that he has not withdrawn yet.

Although Qu Li grew up relying on venture capital, he has not dealt with too many venture capitals. He never met venture capital investors who could not provide him with other resources besides money, and he did not listen to the successful experiences of others in entrepreneurship, so Northern Lights has always been excluded by him. outer.

"Do you really want to acquire Spreadtrum?" Deng Feng rarely saw Qu Li and got straight to the point.

"Yes!"

Deng Feng was shocked when he heard this answer. A junior high school student didn't understand the Internet or mobile phones, but he succeeded in these two industries.This time I have to get involved in semiconductor chip design again, which is really too ignorant.

"Honor can cooperate with Spreadtrum if it wants baseband chips. There is no need..."

"Spreadtrum will be crushed by your capital anyway, leaving me with a niche to focus on making good products, and maybe even create miracles."

"..." One sentence choked Deng Feng speechless. There was serious internal strife after Spreadtrum went public, otherwise Dr. Chen would not have resigned so early.Not to mention that after all companies go public, there will be large-scale resignations of the founder team. For example, after Jumei went public, not only did there not be a wave of resignations, but the cohesion of the staff became stronger.

"Your purpose of acquiring Spreadtrum is just for baseband chips?"

"No, it's the SOC chip of a smartphone, which can realize the baseband of all Netcom."

"You may not know that only Qualcomm and VIA can provide..."

"Are you questioning our information investigation capabilities? I also know that VIA's CDMA baseband is a junk product, and Goldman Sachs is the only choice in the market."

"That……"

"We have our own plan. First, let Spreadtrum develop mobile phone SOC chips based on ARM architecture, integrate TD and WCDMA baseband, and reduce power consumption to a minimum..."

"Then let's not talk about this. I heard that you asked Chen Tong to help you set up a chip company. He did a lot of research on the domestic semiconductor chip industry. Are you so interested in the semiconductor industry?"

"It's not that I'm interested, it's that the direction I'm going forward is inseparable from semiconductor chip design. Although the most advanced technology can be purchased directly from overseas, some things cannot be bought. I think it is necessary to do early planning."

"what are you going to do?"

"..."

"I might be able to help."

"My ultimate goal is to make a self-driving car, but unlike Google, I want to build a product that integrates driving records, map navigation, danger warning, cruise control, automatic parking and other functions in one step..."

"Let's do it together!" Deng Feng didn't wait for Qu Li to finish.

"what……"

"Don't think about it, I don't know how long it will take to realize such a product, let alone what the market is like and whether it can be profitable."

"But such a product sounds very attractive. I understand the technology, you understand the market, and we are not short of money. The probability of success is very high!"

"Can you help me find a suitable development team? This company must have a low-wage, high-equity model. High-level experts are hard to find!"

"This is about finding people to start a business. I have many friends in Silicon Valley, including talents in chip design. During the financial crisis, many people are interested in returning to China for development..." Deng Feng

"You no longer think about it, this is a long-term project, and it may be difficult to exit in 10 years."

"So what, I'll invest my own money."

“You can’t divest your capital within 5 years!” Qu Li thought 5 years would be enough time for Glory to go public.

"No problem!" Deng Feng didn't even know why he was so decisive.

"Then I wish us a happy cooperation!" Qu Li agreed to Deng Feng after hesitating for a while. He couldn't do everything by himself.

"Happy cooperation!" Deng Feng reached out and shook Qu Li's hand. Sometimes the domestic circle is very big, sometimes it is very small.

Although both parties cooperate and neither participates in the operation of the company, the shares cannot be divided equally.

"There must be someone who can make the decision. Even if we go astray, it is better than not being able to go at all."

"I think so too!" Chen Tonghui became a partner of this advanced driving assistance company, and he was responsible for establishing the team. The distribution of shares was positively related to the capabilities of the team members, but Qu Li promised no less than 1000 million U.S. dollars or [-] million software. Sister coins.

Although the advanced driving assistance system is complex, Quli still splits it into a driving recorder, map navigation, and finally the assisted driving module. It definitely requires a dedicated chip. The development direction is the same as that of the current industry leader Mobileye.However, the early development of the two companies is different. Quli's products can be purchased directly by consumers, while Mobileye must cooperate in depth with car companies.

"What's the name of our company?"

"How is Si Nan?"

"Compass, Simon, compass, navigation, guidance, Simon is very good."

"Then call me Simon!"