Reborn Entrepreneurial Giant.

Chapter 547 Investing in Cold Country

There is no doubt about the strength of the Samsung Group. Without Honor, Samsung Electronics’ revenue of US$1900 billion this year would be more than the four companies of Google, Microsoft, Amazon and Facebook combined. Now, who knows, Honor is the king of Android phones anyway. .

It is impossible for Honor and Samsung Electronics to become friends and maintain cooperation in the face of competition. This will become the norm.But competition is a matter between enterprises. Li Zaiyong, who looked ruthless, was still very polite when he received Qu Li and was willing to communicate with him.

"That time I really knew you as Liang Mongsong of Samsung Semiconductor..." Li Zaiyong recalled the past. Was this a demonstration to him?Qu Li couldn't help but think too much, Yangtze River Storage could no longer arrange for "students" to study in Kimchi Country.

"I neither considered success nor failure in this matter. I just thought it was an opportunity to make money. Later, with the success of Honor, we wanted to gain some initiative in the entire supply chain system..." Qu Li explained: “We mainly have cooperative relationships with Spansion Semiconductor and Yangtze River Storage.”

"Samsung's products are the best." Li Zaiyong said proudly. At this time, Samsung Semiconductor seemed to see hope of surpassing TSMC. It is said that the 28-32nm production capacity even exceeded TSMC.

Qu Li did not discuss with him who was the best, but said some words of reverence. He originally admired the Samsung Li family. Well, a more accurate statement is that he admires all outstanding companies and entrepreneurs in the world. Learning from the strengths of others is better than staring at others. It is better to derogate the shortcomings.

"How does Samsung maintain its innovation capabilities and firm strategic execution capabilities for a long time?"

"Introducing external competition and stimulating internal vitality..." For example, Samsung mobile phones do not only purchase spare parts from internal companies, nor do they prohibit their companies from providing products to competitors. They also respect and treat global talents well...

After hearing this, Qu Li felt that it was somewhat similar to Goose Factory's famous Saibuying mechanism. It was as if Tencent actually had several teams working on it. The Yangcheng team did the best, and then Xiao Ma Ge personally worked overtime and devoted a lot of the company's resources. In the end, Successfully obtained mobile Internet tickets.

Qu Li has not learned yet. He has always concentrated his superior forces on a single breakthrough, making the Honor mobile phone "the ultimate", and then driving the sales of tablets, laptops, drones, and even the ability to sell Qianqiu Geometry overseas, all because of Honor .

What's the future? Not to mention, until now there are only two cars, a crappy horse racing and internal competition.However, Jumei has begun to change. Internet AB testing is originally a "horse race".

However, what the Samsung heir said is different from what the self-media said...

Qu Li's management ideas have spread overseas from his "New Year's Eve speech". Words such as "asymmetric risk", "empowerment" and "context not control" are also very popular in Silicon Valley and are a "treasure book" for many entrepreneurs to learn from.Li Zaiyong was also very curious about his thoughts.

They also discussed talent training. Li Jianxi attributed the company's success to "talent wins". He has always selected talents from around the world, implemented separate management of positions and ranks, and conducted strict and standardized target management and assessment...

When Qu Li heard it, he felt that it was no different from what he was doing. Jumei Glory had OKRs and KPIs, and both had a large number of overseas employees.

"I think it may not be a good thing for you to let someone of Sanjay Jia's level join Honor. The core executives should maintain a certain degree of purity..." Li Zaiyong said something interesting.

Qu Li frowned. He didn't think Li Zairong was fooling him. There was no need for it, but the matter had already been done. It was too late to regret it at this time. If Li Zairong conveyed this sentence to Sanjay Jia, both of them would be worried. It seems that sometimes I can’t even listen to the truth or good words.

Not a fan of intrigues, Qu Li visited Samsung's factory and praised Samsung, a national enterprise in Kimchi Country, during an interview with the media.

Qu Li then inspected the development of Jumei Honor in Kimchi Country. Although Samsung is very strong, Samsung’s smartphone business strategy has swayed in recent years. Samsung showed that a large amount of production capacity has been occupied by Honor, and its smartphone business has been relatively weak.

The biggest obstacle in Honor's international development is its identity as a Chinese brand. As a synonym for low-end "inferior" products, Honor was quite uncomfortable at first. It could only unscrupulously bundle Apple iPhones and Google Androids and spend money to guide major websites. , media, and users’ recognition of Honor’s status as the “King of Android Phones,” coupled with the huge investment in advertising and marketing, brand alliances with Disney and Marvel, and patent disputes with Apple, all have deepened the perception among Kimchi Country users that Honor is a strong player. Brand recognition.

Both Wall Street and Silicon Valley have labeled Honor as an "atypical Chinese company." Qu Li's activity on Twitter and the ideas he reveals are all a "typical" Silicon Valley entrepreneur.Then they defined Qu Li's success as "the success of Silicon Valley culture"

Qu Li, who is relatively sensitive to the media, knows that they have many tricks and does not have a personal profile for himself. He would rather brag on Twitter, but also maintain this channel to directly reach global consumers.

Global consumers such as Kimchi Country accept the Honor brand, so the sales of Honor products here are considerable. Unfortunately, the best-selling mobile phone is the IPhone. With twice as many models, Honor has a market share of 15%, while Apple’s IPhone is 9%.Although the product strength of Samsung and LG is a bit weaker at this time, their price coverage range is wider and their audience is larger...

"Qiancheng Geometry has sold 20 vehicles in Seoul, with an average of less than 3 vehicles per month..." Reported by the manager of Qiancheng Auto's direct-operated store in Seoul, displaying it in the Honor flagship store and building a 4S store in the suburbs. Kimchi Country's tariff on Chinese cars is 8%, but their consumers also have tax incentives, plus "the two best pure electric vehicles in the world", they can actually sell them.

In fact, electric vehicles are tax-free in many countries in Europe and the United States. The Nordic countries in Europe, the Netherlands, Italy, Switzerland, etc., and Chile in Latin America actually exempt Chinese cars from tariffs...

“What’s our selling price?”

"It's about 420 million won, and their tax subsidy is [-] million, which is much less than the tariff."

I originally thought it was expensive, but everything is expensive in Kimchi Country. This price is very reasonable, only about 10 US dollars.

"If you really want to make money, you can buy a piece of land in Seoul and build a direct-operated flagship store." Qu Li drew a cake and made a lot of promises. Unfortunately, the advertising fee given was not much, so he could only hire a navy army to ask for this. The store manager adheres to the principle of only introducing his own excellence and not discrediting others.

After seeing the performance of Glory and Qiancheng, Qu Li is quite satisfied. Unfortunately, Jumei Shopee does not have much influence in Kimchi Country. Since it cannot directly open the market here, then invest!For example, his choices of kakao and Coupang are very good: the former is one of the best mobile Internet companies in Japan and South Korea, with a total market value of nearly 1000 billion US dollars at its highest; the latter is an e-commerce company that transformed from group buying, and later had a market value of 500 billion. Billions of dollars.

These two promising pickle country Internet companies are still just startups.