Reborn Entrepreneurial Giant.

Chapter 525 Before Hong Kong Stock IPO

Qu Li appeared at the Honor flagship store in Berlin and was watched by many consumers. He enthusiastically answered their questions and took photos together.

Honor is not as passive as the US market in the EU market. The open Android system seems to be more popular than the closed iOS system. Honor's mobile phone market share is higher than that of the IPhone.

At first, many people thought that Honor was a sub-brand of Google. With the opposition of Samsung and other mobile phone companies, Google repeatedly emphasized that it had nothing to do with Honor. At that time, the legendary "orphan" and "junior high school student" Qu Li appeared again.

If the people around you become legendary, you may be jealous, but when a "rebellious genius" in a strange country becomes "legendary", you are more curious and want to know more.

Qu Li is familiar with Internet thinking and knows the importance of social networks, so he pays attention to leaving his mark on the overseas Internet. As long as Waiguo people want to understand Qu Li, they will definitely find a lot of "beautiful" information on the Internet.

Many young people in Europe, the United States, Japan and South Korea regard Qu Li as a wealth idol. Even if Zuckerberg becomes the world's social king with a market value of more than 1000 billion US dollars, many people still think that Qu Li's achievements are higher.

Yes, when Qu Li was in Europe, Facebook was listed in Silicon Valley. Media from various countries wildly praised this "freckle-faced young genius", and then some overseas netizens defended Qu Li and compared the similarities and differences between the two.

People in China don't care whether Qu Li is great, they only care about how much money he makes.

Qu Li’s first investment in Facebook was US$5000 million, accounting for 1% of the shares. His second investment was US$2 million, accounting for 2% of the shares. Before FB went public, he still held about 3% of the shares. Based on the IPO market value of US$1150 billion, Qu Li’s shareholding is worth US$34 billion, making more than ten times the profit.

This calculation is of course wrong. He purchased stocks from Facebook founders and old employees, with a total investment of more than 3 million US dollars, and earned 10 times in a few years.

"No wonder he was willing to donate all his shares in Jumei and Honor. It turns out he still has so much money." Some netizens commented

"The money invested in FB is not all his." A sensible person explained that Qu Li probably had no money at that time, and it was most likely venture capital.

"There was no money at that time, so who would be willing to give money to Qu Li for investment?"

"Jumei had just gone public at that time, and the stock price fell below the issue price. How could he have any money?"

The analysis was sound and logical, but it was a pity that Qu Li was a fool and could not calculate based on common sense. The US$2 million investment was really his.This time when FB went public, he cashed out 20% and got back about US$20 billion. After deducting investment costs, he still had more than US$16 billion after paying the [-]% capital gains tax.

Although we have donated more than 500 billion US dollars, why is there still no shortage of money?

I arrived in Xiangjiang right after I returned from Germany. Future Motors has a market value of approximately 300 billion in the A-share market. For this listing, Qu Li will personally subscribe for 400 billion convertible preference shares with a dividend rate of 30% at a valuation of 3.5 billion as promised, all of which will be converted into ordinary shares. Post-equity shares account for approximately 7%.

Then there is the Hong Kong H-share model IPO, which requires the issuance of 10% additional public shares, Xiangjiang Investment, and Vision Fund. Anyway, Quli does not lack cornerstone investors.However, in order to promote the company and brand, he still came to Xiangjiang to communicate with investors.

"Why didn't you choose privatization and delisting instead of IPO in Xiangjiang?" The atmosphere was not good at the beginning. Some investors suspected that Qu Li was trying to steal money.

"I want to learn how to manage a listed company. Jumei and Honor are developing too fast, and their business models and business strategies have been basically set, and they need refined management. Qiancheng Motor is different. We are creating a great business." Qu Li

"You mean you don't know how to manage a listed company?"

"Is there any problem?" Qu Li said honestly

"Don't you think it's unethical?"

"Are you a reporter or an investor, so unprofessional?" Qu Li dismissed him and replaced him.

“Can you elaborate on your business philosophy?”

"No problem. In fact, I have introduced this issue many times in China. Build cars, build good cars, and build good cars that can make money. Now we have done it..." Qu Li's mentality is very peaceful.

"There are three major parts of a fuel vehicle. For the engine, we have cooperated with Germany's FEV to develop a very excellent engine series, which will continue to be upgraded in the future. For the gearbox, we have cooperated with Germany's Getrag to develop a wet dual-clutch DCT gearbox. This time After acquiring Saab, we established a European R&D center in Frankfurt and will invest more than 100 billion within five years to develop a CMA architecture that is more suitable for our needs based on the Phoenix platform."

"Don't you think it's risky to do this, in case the product fails to sell?" Investor

"Then tomorrow is the end of the world, so I don't have to go to work today?" Qu Li

"Does Qiancheng Motor have the cash to support the development of the CMA architecture?"

"This is my responsibility." Qu Li

Qiancheng Motor introduced the sales of two SUVs, as well as the pure electric Geometry vehicle. There have been nearly 2000 orders, and the delivery time is several months, with many highlights.

"Why don't you increase the delivery capacity of Qiancheng Geometry?"

"Power batteries have poor consistency and are difficult to mass-produce in the short term. We are working hard to improve. You must know that we are opening up a brand new industry. It is normal to encounter some difficulties. It will really take three to five years to solve all problems. Do you believe it?" ?" After speaking, Qu Li introduced the development direction of electric vehicles, increasing production capacity and reducing costs.

"Why did you break up with Mitsubishi Motors?"

"We have not broken up. Qiancheng is the major shareholder of Cheetah Motors. Mitsubishi Motors has stable, safe and reliable quality. Many of their ideas in building cars are worth learning from me. The reason why we separated is because I yearn for the stars and the sea..."

"What does it matter?"

"Why doesn't it matter?" Qu Li asked with a smile.

"Can you master the core technology by cooperating with FEV and Getrag?"

"We will give priority to ensuring that consumers can use the best products, followed by the interests of partners, and finally reducing costs through technological progress; the engine is simpler and can be mastered in three to five years, while the gearbox takes longer, at least After 2015..."

"Can I think that the cost of Qiancheng Motor will be significantly reduced after 2015?"

"No, we give priority to consumer-oriented products, and technological progress is a long-term process. At present, we will only release a few models and reduce costs through large-volume purchases. Only when the CMA architecture is successfully developed can various self-developed technologies be integrated Only through integration can we truly reduce costs..."

"When will Qiancheng Auto become profitable?" Investors continue to ask

"I don't know. It was supposed to be possible this year, but now that I have acquired Saab and have to develop the CMA architecture, I can't guarantee it." Qu Li spread his hands and expressed his helplessness.

"Why should we acquire Saab, establish an R&D center in Germany, and develop CMA? Is Qiancheng Motor's current technology accumulation sufficient?" Some investors objected.

"Do you think that apart from Tesla, among all the car companies in the world, who else can build a better and lower-cost Qianchi Auto than us? You have to remember that investing in Qiantu Auto is indeed very risky, but we are a new energy company. Leader in the automobile industry!" Qu Li said confidently

"Nowadays, CMGE's key components are basically made in-house. Without large-volume purchases, how can we reduce costs?" There are also investors who don't believe in evil.

"The three major parts of electric vehicles, batteries and motors, except for the electronic control, will not provide technical support to the outside world. All other parts can be sold to the outside world as long as production capacity allows. In the future, the possibility of selling these parts companies or establishing independent subsidiaries cannot be ruled out."

"Aren't you worried about other competitors joining?" the investor continued to ask

"The entry of more companies can quickly reduce supply chain costs. The ultimate goal of Honor and Qiancheng Automobile is to develop autonomous driving..."