Fang Hong stayed at the headquarters of Xingyu Technology Company for more than an hour, learned about a series of recent matters of the company, and then left.
Qin Feng also immediately convened a meeting with the company's core executives to quickly adjust and rearrange the company's original strategy. The top priority was to seize time for two major issues.
One is to adjust the time of the company's first product launch. The launch originally scheduled to be held in the autumn is adjusted to March in the spring; the other is to expand production capacity, especially the s1-plus version, because the original order for this version of the model is Not much.
After chatting with Fang Hong today, he received strong financial support from Qunxing Capital and used the zero-interest installment plan, which gave Qin Feng the confidence to focus on flagship phones.
In addition, the original production plan was also adjusted. Qin Feng decided to increase the order volume to 15 million units. The zero-interest installment plan and the financial assets of Qunxing Capital gave him the confidence, which can greatly stimulate consumption.
In terms of production capacity, Xingyu Technology currently has to rely on upstream and downstream suppliers for foundries. Except for its core technologies, everything is outsourced to other OEMs. However, Xingyu Technology currently does not have much hardware core technology, and the most important core technology at the moment is still concentrated. In the software system.
Cooperating supply chain manufacturers also include companies such as Goertek Acoustics and Lixun Precision, all of which have received related orders from Xingyu Technology.
Qin Feng also said that it was lucky that he found BYD instead of Foxconn, because Foxconn was also taking orders from Apple. If he cooperated with Foxconn, he would definitely be discovered by Apple. Gang Leader Qiao is not allowed to hold a press conference in advance.
It is foreseeable that Xingyu Technology and Apple will definitely engage in a bickering patent dispute. The industrial design is also patented, but it is difficult to define because the appearance industrial design of Xingyu Technology's S1 is not copied. The iPhone 4 mobile phone had an accidental design concept, and Qin Feng didn't know about it at all, but he couldn't prevent Fang Hong, a time-travelling reborn person.
So this must be a protracted war of words. Apple will definitely say that Xingyu Technology plagiarized their design, but in turn, Xingyu Technology can also be said to have plagiarized Apple. The key lies in whoever releases it first will get the share. Actually an advantage.
If Xingyu Technology was a start-up company with no background, it might be suppressed. However, Xingyu Technology is backed by Qunxing Capital, and now Qunxing Capital has become the largest taxpayer in Xincheng and is a die-hard partner of Huayang Group. ally.
Fang Hong is rushing to build "New Town Pizza Hut". The local protection of local enterprises must be strong. After all, it can contribute more than 35 billion in astronomical tax revenue in about one year of establishment.
Why should we adhere to the eight-character principle of "don't steal, don't leak, and pay everything you owe" when it comes to paying taxes? That's why.
In short, the current Stars Capital relied on the protection of Huayang Group in a certain sense in the early days. Now it has passed its most fragile growth period and has begun to take shape. It has formed a community of interests in the "Stars" and is now able to suppress As far as the existence of Qunxing Capital is concerned, there are really not many left.
…
Fang Hong got into his special car and left Xingyu Technology Company. In the same car with him was Tian Jiayi, sitting next to him.
After a while, Fang Hong tilted his head to the left and looked at Tian Jiayi and said: "Let Hua Yu do something and find some powerful national team institutions for Stars Capital to connect with, such as social security funds, rice crop companies and other institutions. "
As the scale of Qunxing Capital becomes larger and larger, the level of gaming will also increase. It is time to consider introducing more and more powerful institutions and closely linking them with interests.
Tian Jiayi also immediately started to take notes.
Fang Hong added: "The access institution we are looking for this time is to directly connect with Qunxing Capital, which must be at the level of a company."
For some problems or troubles that Stars Capital may encounter in the future, friends without strength cannot help. Even supporting the facade seems shabby, and it does not make much sense to bring them in. It will not be of much help to Stars Capital, and it also takes up extra money. Location.
After a while, Fang Hong thought about it and decided: "Take out 35% of the equity of Qunxing Capital for this docking."
Of course, it is not a direct transfer of the equity of Qunxing Capital, but a conversion to "Samxing", one of the two major holding companies of Qunxing Capital, so that the access party's institution holds the equity of "Samsing", and its proportion of equity is Corresponding to 35% of the equity of Qunxing Capital.
The current equity structure of Qunxing Capital is that the largest shareholder is a trust fund indirectly held by Fang Hong, accounting for 89.03% of the total equity, the second largest shareholder is Huayang Group, accounting for 10%, and the third largest shareholder is Huayang Group. Yu personally accounts for 0.97%.
This time when new institutions enter, Fang Hong does not intend to dilute Huayang Group’s shareholding, including Huayu’s 0.97%. In other words, after joining the new institution with a 35% equity ratio, Fang Hong’s trust fund will The equity ratio dropped to 54.03%.
Tian Jiayi asked: "At what valuation should we invest in new institutions?"
Hearing this, Fang Hong thought for a while and said decisively: "Let's base the price on the ending net asset base of 2009."
Tian Jiayi nodded: "I understand."
Qunxing Capital's financial report for 2009 has not yet been released, but it will be soon. Tian Jiayi, who had prepared a memo, said thoughtfully: "The equity you sold to Huayang was valued at a premium that was several times the current net assets. Value, although the valuation bubble has now been filled, Huayang is not losing money. But this time when new institutions are connected without any valuation bubble, will Huayang feel that you are suppressing the company’s valuation and letting people come in? car?"
Fang Hong smiled and said calmly: "First of all, recruiting new friends to the car this time does not dilute Huayang's equity in Qunxing. Even if I throw him out with a broken bone, Hua Yongming will not. You can talk.”
"Secondly, the new friend Huayang I want to win this time is also something I really want. Huayang's influence only extends to Xincheng and its surrounding areas. And the new friend I want to win this time, Huayang is also a younger brother to them. , it’s my younger brother, just stay aside and don’t have anything to say.”
Having said this, Fang Hong turned to look at the beautiful assistant and added with a smile: "Now even the strength of Qunxing Capital has surpassed Huayang Group. What Huayang can handle, Qunxing can also handle. What Qunxing cannot handle." Huayang can't settle the matter. To a certain extent, Huayang Group can't help him much and can only help him a little. I would be very kind if I don't blame him. How dare he have any opinions? With that 10% equity Just keep reaping the dividends from the stars."
Hua Yongming is a shrewd old fox. Fang Hong believes that he must have a clear vision and clear positioning. Huayang Group only needs to say hello. As for Hua Yongming, he will definitely not be interested in this series of projects from Star Capital. There is no word for decision-making.
…
The morning of the weekend of January 31st.
Xingyu Technology announced on this day that it had received a RMB 5 billion Series B financing from Qunxing Capital. This round of financing is still the exclusive investment of Qunxing Capital. The announced news did not disclose how much equity was transferred in this Series B financing.
But there is no doubt that Qunxing Capital is already the largest shareholder of Xingyu Technology.
As soon as the news came out, it caused a sensation in the capital and technology circles. The financing scale of 5 billion yuan was approximately US$733 million, directly creating the largest single financing scale in 2010.
After seeing this news, people in the investment circle have become numb to the large-scale operations of Qunxing Capital. This money is really like blowing in the wind, and the move must be large-scale.
Entrepreneurs from all walks of life are all moved by this. You can't find another company with such a financial backer father.
Rebus couldn't sit still after hearing the news. He had already decided to start a business again in the field of smartphones. Xingyu Technology has been established for a year, and with such a generous financial backer, his father is willing to do anything at all costs. Financial support, and Xiaomi company has not even been established yet.
It is worth mentioning that people from all walks of life, especially those in the investment circle, are speculating on how much valuation Qunxing Capital will give to the company by investing such a large amount of financial support for Xingyu Technology. Judging from the scale of financing, it must be At least it should be valued at the unicorn level or above.
So this has caused another very troublesome new question to the outside world, that is, is Xingyu Technology really so valuable? Or do you have any unique skills?
But what unique skills can a start-up company that has only been established for about a year have?
The core of a technology company is technology, but advanced technology is not so easy to break through. The outside world really can’t understand why Qunxing Capital is so bold. The business is getting bigger and bigger, and the resources are getting bigger and bigger. I am really not afraid that one day it will lose its money. All your money is lost.
…
(ps: 2023 is a new year. I wish you all a happy new year and abundant financial resources. In short, all your wishes will come true and you will get rich!)
