Chapter 316 [It's very kind to kill a donkey without unloading the mill]

Fang Hong stayed at the headquarters of Xingyu Technology Company for more than an hour, and left after learning about a series of recent issues of the company.

And Qin Feng immediately convened a meeting of the company's core executives to quickly adjust and re-arrange the company's original strategy. The most urgent thing is to rush for time.

One is to adjust the time of the company's first product launch event, which was originally scheduled to be held in the autumn and moved to spring and March; the other is to expand production capacity, especially the expansion of the S1-Plus version, because the original order for this version of the model Not much.

After chatting with Fang Hong today, he received strong financial support from Qunxing Capital and used the trick of zero-interest bank installment payment, which gave Qin Feng the confidence to focus on the flagship phone.

In addition, the original production plan was also adjusted. Qin Feng decided to increase the order volume to 15 million units. It was the zero-interest installment move and the financial assets of Qunxing Capital that gave him confidence. This move can greatly stimulate consumption.

In terms of production capacity, Xingyu Technology currently has to rely on OEMs from upstream and downstream suppliers. Except for the core technology, it outsources to other OEMs. However, Xingyu Technology currently does not have much hardware core technology, and the most important core technology is still concentrated In the software system.

Cooperative supply chain manufacturers also include Goertek Acoustics, Lixun Precision and other companies, all of which have received related orders from Xingyu Technology.

Qin Feng also directly said that fortunately he found Biyadi instead of Foxconn, because Foxconn is also taking orders from Apple. If he cooperates with Foxconn, he will definitely be discovered by Apple. It is forbidden that Joe's gang leader will hold a press conference in advance.

It is foreseeable that Xingyu Technology and Apple will definitely stage a nonsensical patent dispute. The industrial design of the appearance is also patented, but it is difficult to define, because the industrial design of Xingyu Technology's S1 is not a copy. The iPhone 4 was just a design concept that accidentally crashed, and Qin Feng didn't know it at all, but he couldn't prevent Fang Hong, a time-traveling reborn.

So this must be a protracted war of words. Apple will definitely say that Xingyu Technology copied their design, but conversely Xingyu Technology can also be said to be plagiarized by Apple, and the key is whoever releases it first will get the share. actually an advantage.

If Xingyu Technology is a start-up company with no background, maybe it will be suppressed, but Xingyu Technology is backed by Qunxing Capital, and now Qunxing Capital has become the largest taxpayer in Xincheng, and it is a hard core with Huayang Group ally.

Fang Hong is rushing to build a "New City Pizza Hut". The local protection of local enterprises must be strong. After all, it can contribute an astronomical figure of more than 35 billion in tax revenue within one year of its establishment.

Why should we adhere to the eight-character principle of "no stealing, no leaking, and paying all due" when it comes to paying taxes? That's why.

In short, the current Qunxing Capital relied on Huayang Group’s shelter in a certain sense in the early days, and now it has passed the most vulnerable growth period. It has begun to take shape and formed a "Galaxy" community of interests. When it comes to the existence of Qunxing Capital, there are really not many.

...

Fang Hong got into his special car and left Xingyu Technology Company. Tian Jiayi was also in the car with him, sitting next to him.

After a while, Fang Hong turned his head to the left and looked at Tian Jiayi and said, "Let Huayu do one thing, find some powerful national team organizations for Qunxing Capital to connect with, such as social security funds, seedling enterprises and other institutions. "

As the scale of Qunxing Capital grows, the level of the game will also increase. It is time to consider introducing more and stronger institutions and closely link them with interests.

Tian Jiayi also started to memorize immediately.

Fang Hong added and emphasized: "The access institution we are looking for this time is to directly connect with Qunxing Capital, and it must be at the level of a seedling enterprise."

For some problems or troubles that Qunxing Capital may encounter in the future, friends without strength will not be able to help them. Location.

After a while, Fang Hong thought about it and decided: "Take out 35% of Qunxing Capital's equity for this matchmaking."

Of course, it is not a direct transfer of the equity of Qunxing Capital, but it is converted to "Shenxing", one of the two holding companies of Qunxing Capital, so that the institution of the receiving party holds the equity of "Shenxing", and its shareholding ratio Corresponding to Qunxing Capital's 35% stake.

In the current shareholding structure of Qunxing Capital, the largest shareholder is another trust fund indirectly held by Fang Hong, accounting for 89.03% of the total shareholding ratio, the second largest shareholder is Huayang Group, accounting for 10%, and the third largest shareholder is Huayang Group. Yu personally accounted for 0.97%.

This time, Fang Hong does not intend to dilute the shareholding of Huayang Group, including Huayu's 0.97%, in other words, after entering the new institution with a 35% equity ratio, Fang Hong's trust fund will The shareholding ratio dropped to 54.03%.

Tian Jiayi asked: "What valuation should we use to access new institutions?"

Hearing this, Fang Hong thought for a while and said decisively: "Let's make the price based on the net asset base at the end of 2009."

Tian Jiayi nodded: "Understood."

Qunxing Capital’s 2009 financial report hasn’t come out yet, but it’s coming soon. Tian Jiayi, who made a memorandum, said thoughtfully: “At the beginning, the equity you sold to Huayang was valued at a premium of several times the current net assets. value, although the valuation bubble has been filled now, Huayang is not losing money. But this time when you join a new institution without any valuation bubble, will Huayang think that you are suppressing the company's valuation to make people go up? car?"

Fang Hong smiled, and said lightly: "First, this time, the new friends who got into the car did not dilute Huayang's shareholding in Qunxing. Can say."

"Secondly, the new friend Huayang I recruited this time is even more desirable. Huayang's radiating influence is only in the new city and its surrounding areas, and the new friend I want to recruit this time, Huayang is also a younger brother in front of them. If it's the younger brother, just stay on the sidelines and don't have his say."

Speaking of this, Fang Hong turned his head to look at the beautiful assistant and added with a smile: "Even the strength of Qunxing Capital has surpassed Huayang Group now. What Huayang can settle, Qunxing can also settle, and Qunxing can't. Huayang can't settle the matter. To some extent, Huayang Group can't help much, but at best it can help a little. I'd be very kind if I didn't let him go. How dare he have any opinions? With the 10% equity Just honestly eat the bonus of 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. There are half a word in the decision.

...

The weekend morning of January 31st.

Xingyu Technology announced on this day that it has obtained a B-round financing of 5 billion yuan from Qunxing Capital. This round of financing is still the exclusive investment of Qunxing Capital. The announcement did not disclose how much equity was sold in this B-round financing.

But there is no doubt that Qunxing Capital must already be 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, about 733 million US dollars, directly created the largest single financing scale in 2010.

People in the investment circle have become numb to Qunxing Capital's large-scale operation after seeing this news.

Entrepreneurs from all walks of life are also moved by it. Such a rich father can't find a second one if he looks around.

Rebs couldn't sit still when he saw 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 there is such a wealthy father behind him, who can be said to spare no expense. financial backing, and Xiaomi wasn’t even established yet.

It is worth mentioning that people from all walks of life, especially those in the investment circle, are speculating on the valuation Qunxing Capital will give Xingyu Technology for such a large amount of financial support. From the perspective of financing scale, it must be At least the valuation is based on the unicorn level or above.

Then, another very troublesome new question has arisen from the outside world, that is, is Xingyu Technology really so valuable? Or is there something unique?

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 daring. Nothing to return.

...

(Ps: 2023 is a new year, I wish you all a happy new year and a wealth of wealth. In short, if your wishes come true, if you get rich, you will be done!)