Reborn Entrepreneurial Giant

"A person's ability has an upper limit. I know what I'm good at. In addition, Glory and Jumei are both Chinese women's companies. I gave up the CEO position, not giving up control of these two companies." Qu Li on Weibo A few simple explanations above.

It’s impossible not to explain. Many headlines from the media are full of wind and rain, and their professional level is worse than him. Dadongzi asked Xu Lei to take over as the CEO of Goudong. Dong Yunyun, and some media said that the founder of Pinxixi cashed out 450 billion. The title is attractive, but it is too shameless.

The outside world pays attention to Qu Li, and the industry is more concerned about Zhou Shaoning's resignation and starting a business, but it is impossible to know more about the inside story. After signing a confidentiality agreement, there are bad rumors from the outside world. His remaining 5 million shares in Glory will be sold at The price of 8 US dollars per share is forced to be repurchased.

There were many other things that happened in February. For example, Jumei announced its financial report for the first quarter of 2009. Its revenue rose sharply year-on-year, and the impact on the stock market was tepid, which is really strange.

Then the Vision Fund implemented a debt-to-equity swap, and Jumei’s share capital increased by 20 million, bringing its total share capital to nearly 200 million. The stock price did not rise around $8, and its market value was about $1.6 billion.

In the end, Qu Li wanted to increase his holdings, so he contacted the bank. HSBC and Zhaoshang Xiangjiang were willing to provide loans. Those who wanted to borrow money to increase their holdings in Jumei could get low-interest loans. Qu Li specially took care of Chen Danni and asked her to buy more.

Finally, the stock price of Jumei began to rise after they announced the increase in holdings, and soon exceeded 10 US dollars, so that he only bought 1 million shares, and the entire company increased its holdings by about 3 million shares. Many local tyrants, including Lu Qi.

However, there were more than these things in February. The scale of QDII raised by Xiangcai Securities reached 500 million US dollars, and the selected funds issued in China exceeded 5 billion, and the warehouse building has been completed. Qu Lizhen did not expect that the subprime mortgage crisis has not yet passed, and there are so many rich and courageous people in the country.

He didn't know that well-informed rich people knew that the Vision Fund had spent 200 million US dollars to support Xiangcai Securities. They were either stupid or confident in doing so. They didn't believe that the Vision Fund was a fool, so they would naturally have confidence.

They are lucky. The QDII of Xiangcai Securities focuses on the Internet, and has a heavy position in Apple, Amazon, Booking.com, Baidu and other stocks. How to describe the awesomeness of this fund? As the leading online travel company in the country, Booking.com’s share price has doubled, and its whiteness has also more than doubled. Amazon, Apple, etc. have more than doubled...

Qu Li’s own funds bought the bottom earlier, and the price was lower. Xiangcai only completed opening positions in February. Although he is not sure that all stocks can double, the average double increase is a high probability event.

Amazon’s stock price has doubled since last year’s lowest point. Jumei, as a company that is benchmarking against Amazon, shouldn’t keep its price at the same place. One month after Jumei’s employees announced the increase in holdings, it quickly surpassed 10 US dollars, with the economic recovery, three months later Jumei stock price exceeded the issue price to 20 US dollars.

Two private equity funds have played the main role in the rise of Jumei's stock price. One is Hillhouse Capital, and the other is DST, a venture capital investment company of Erros. They have acquired more than 20 million shares. These are all things for later, so I won't mention them for now.

Youku announced that the Vision Fund invested 50 million US dollars in Youku. While building momentum, it quietly acquired a large number of film and television drama copyrights. Qu Li’s idea began to be realized in Gu Yong’s hands. Vision became the largest shareholder besides the founder. Qu Li’s initial 5 million US dollars seems to be Accounting for 5% of the shares, so I finally got 25% of the shares.

The cinemas that Xiangcai and Xiaoma cooperated with started construction in Beijing, Shanghai, Guangzhou and Shenzhen at the same time. This year’s goal is to build more than 10 of them, and the number of screens will exceed 100. After laying the foundation, they will expand the market in second- and third-tier cities and build only four or five screens. movie theater.

Just two days after Qu Li announced his resignation as Glory CEO, Chen Danni suddenly ran to Beijin to comfort his lost heart and help him play and sing.

"Thank you, but I have nothing to do."

"No, you have, how could a person you are proud of give up the rights in your hands?"

"You think too much, I really don't..."

"..." Chen Danni had a stubborn face, she just wanted to comfort him.

Chen Danni came suddenly, but fortunately, Sister Shenxian started business, so she couldn't easily meet him, so there was no need to worry about encountering the Shura field.

The Huayi Wang brothers are businessmen after all, Qu Li showed such strength, so naturally he could not be easily offended, so he could only complain, lamenting Liu Yifei's luck, and then took a stake in Liu Yifei's domestic studio.

As for how Liu Yifei handled her domestic brokerage contract and how to set up a studio, Qu Li didn't ask.

When Chen Danni came to Beijin, Qu Li and Chen Danlin talked about it, and then they lived in the single-family villa in Ziyu Villa shamelessly and indulged themselves wantonly, such as...

Well, I can’t say anything, but think about it, his villa has a swimming pool and a big bathtub. They sell clothes in the first place, and they have all kinds of uniforms. There are only two people in the family, so it doesn’t matter if there are fewer clothes?

It's rare that someone is willing to flatter and flatter him, of course Qu Li is very happy. But it's hard for her to stay in Beijin, it's hard to arrange work, she can't be transferred to Kuxun, right?

Qu Li, who stepped down as the CEO of Honor, did not feel much easier. He was busy with the establishment of Honor's automobile and semiconductor departments, and had to contact BOE to jointly develop OLED screens.

I don't know when it started, Samsung's OLED screens have monopolized the market for several years. Qu Li doesn't know the development of Honor in a few years, but he is still willing to invest in an insurance policy. I don't know if the diamond arrangement and Zhou Dongyu's arrangement he remembered have any effect? If he can apply for a patent in advance, he will not have to look at Samsung's face.

The crux of the problem lies in funds. LCD panels are too costly. BOE’s previous financings have almost exceeded the company’s market value. In this case, let alone Qu Li is not the richest man. .

Cars, airplanes and rockets, which one is not more interesting than LCD panels?

Therefore, when Qu Li met with the CEO of BOE, he could not give much support. It is possible to cooperate in the development of OLEDs. Technology research and development are different from production. The work can be started after investing tens of millions or hundreds of millions. If there are results, additional investment can be made to arrange production lines.

"We will definitely produce OLED LCD mobile phones. It is a matter of time, but we have researched the entire industry and found that Samsung monopolizes the key equipment, that is, the Tokki evaporation machine, which sells for 100 million US dollars and was acquired by Canon..."

When Qu Li mentioned the name Tokki vapor deposition machine, Wang Dongsheng knew that Glory was really sincere, and he wasn't making fun of him.