Chapter 472 Battle between WeChat and Tenxin

Author: Banlou Yaofeng

Chapter 472 Battle between WeChat and Tenxin

Qiancheng Motor's financial report for the first half of 2011 is about to be released, including Mitsubishi Pajero's revenue exceeding 6 billion. This is an achievement achieved after cutting off Cheetah Motors.

Then there is no profit? Of course it is impossible. Although the gross profit is about 15%, the loss in the first half of the year exceeds one billion. There will definitely be a loss in the second half of the year, but the extent will be smaller.

However, due to financing and continued investment, Qiancheng Automobile's total assets have increased and its debt ratio has dropped to about 50%. In the second half of the year, there will be subsidized loans from Hunan Province, not much, only about 500 million, which is better than nothing, but a bit disappointing.

"It seems that we still have to rely on ourselves." Qu Li had a headache and overestimated Hunan Province.

"Should we borrow money from banks or issue corporate bonds?" Lu Tao knew that Qiancheng Auto would inevitably burn money in the future. Everything from battery motors to electronic controls, as well as super charging piles, as well as modular platforms...

"..." Qu Li was dumbfounded. At first, he asked Qiancheng Auto to show off in Europe and the United States. He had the idea of ​​issuing corporate bonds in the United States. After all, the loan interest rates there were low. But after consulting financial experts, he learned about the credit rating of the corporate bonds issued by Qiancheng Auto.

It can only be classified as junk debt.

The interest rate on the U.S. dollar bonds issued by Jumei is about 3%, and the credit rating is speculative grade. The normal junk-grade bond interest rate is 7%, which is considered low interest. The only way to reduce costs is convertible bonds. But the company’s market value is between 15 billion,

If the price cannot rise, is it not worthwhile to issue bonds now?

He really has no choice. He still has Xiangjiang Fortune Bank to take care of it and can get a loan of less than 7%. This is the benefit of rich resources. Although A-share investors do not like Qiancheng Motor and think that Qu Li is a layman who does not know how to build cars, but

We also know that this company will not go bankrupt easily, and there are really too many resources that Qu Li can mobilize.

"It's still early..." Qiancheng Auto has only been financing for a long time, and now it's borrowing money. I don't know what the outside world will think of it. Of course, Qiancheng Auto will often be short of money in the future.

Why Qu Li pays so much attention to the debt issue? The reason is very simple. The higher the debt ratio, the smaller the ability to resist risks. Once the sales of a certain car fail, there is likely to be a cash flow crisis and the greater the risk of bankruptcy. Of course, this is not

Absolutely, Apple's debt ratio is as high as 85%, but it's still fine; HP's debt ratio is as high as 109%, but it still hasn't gone bankrupt; Apple's debt ratio is as high as 90%, well, it might be scolded into bankruptcy.

The 500 million subsidized loan was still too little. Lu Tao went to negotiate with no results, forcing Qu Li to chat with the leaders of the Hunan provincial government again.

"If you move the Qiancheng Geometry production line to Beijin, many people will be unhappy." said the leader.

"If this is the case, then there may be more unhappy things in the future." Qu Li has always been straightforward and speaks his mind. This is well known to everyone.

"..."

"In my long-term plan, Qiancheng will definitely build factories in Europe and the United States. We will give priority to business in mature markets and compete with the best companies in the world..." Qu Li

"We are not preventing future progress, but we must take into account the specific situation. Hunan Province is difficult, and the income of the people of Xingsha..." The leader played the emotional card

"I have done enough for Xingsha, not to mention the BYD factory. Honor and Jumei have holding subsidiaries registered here. If you must interfere with my management, or if someone can do better than me,

I don’t mind letting someone else lead.”

"No one wants to interfere with Qiancheng Automobile, we have done a lot of work for you..."

"But many people in Honor have objections to me. I have invested nearly 1 billion US dollars in Qiancheng Automobile. However, due to various reasons, the development progress of pure electric vehicles has been affected."

The conversation between the two was not pleasant. The next day, the bigger leader met with Qu Li. They did not talk directly about the company, but from macroeconomics to local economy, from domestic to foreign countries, from science and technology to humanities.

No one in a high position is simple.

Many people in China study Qu Li. Many of his boasts have finally come true. He has never lost any bets he made. Even if he wanted to disintegrate the Winter Alliance, he also gave a practical plan. Smartphones not only accelerated the mobile Internet

, may also disintegrate...

Some people doubted how Qu Li could have such profound insights into the Internet industry at such a young age, but others found the reason. Qu Li said at the time that he wanted to go to Silicon Valley, but he mastered English communication skills in less than a year, and his learning ability was "horrible"

Such".

The leaders of Hunan Province have known Qu Li for several years, and this exchange lasted the longest time. They couldn't help but ask Qu Li why he invested in Hunan Province.

"Domestic housing prices are too high, the gap between the rich and the poor is still widening, and there will be cracks at the social level that are difficult to heal..." Qu Li quickly thought of something and changed the subject: "Xingsha's housing prices are well controlled.

If I can control it, I will increase investment here and bring at least two large companies with a market value of more than 100 billion to this city..."

"Oh, besides Qiancheng Motor, are there other ones?" the leader was curious.

"The other one is Time Network." Qu Li said confidently.

"Shijiang.com, which book and video website?" The leader didn't believe it. He knew this website.

"Books, videos, and videos are just the least valuable part of time. We have developed two mobile applications, one is called Xiaohongshu Instagram, and the team is in Beijin; the other is called WeChat, and the team is in Yangcheng." Qu Li

"WeChat!" the leader exclaimed, this is amazing

The battle between Shijiazhuang WeChat and Goosechang Tenxin has basically decided the winner. The voice function at the beginning of the year was launched in the global version, and the "nearby people" function in June appeared in the domestic version. Once these two killer functions were launched

, quickly attracted a large number of user registrations.

Why were the leaders surprised? Of course, it is inseparable from the great success of Shiguang WeChat. In July, Huang Zheng, a person near the development of Tencent in Goose Factory, opened a Weibo account and shared the number of new Shitime WeChat users every day for seven consecutive days. By the end of July, it had exceeded three

Millions of users.

During this period, Tencent started QO diversion, and the QO core team was transferred to the Yangcheng Tencent team. Mahua Teng, Zhang Xiaolong, and the CTO of Echang formed a top decision-making group. They met until two o'clock in the morning every day to update functions and stabilize the system.

Sexual maintenance is done to the extreme...

The person in charge of Shijiazhuang is Huang Zheng. No one should doubt his ability. Qu Li let him make decisions and asked Jumeiyun to transfer a team from Beijin to Yangcheng. Jumei also arranged elite soldiers and generals to listen.

Huang Zheng arranged it. In addition, Lu Qi and Lin Bing also came to help. They were responsible for coordinating various resources and started a shopping spree with the goose factory.

Both companies have almost devoted the most resources to the instant messaging APP market. Time WeChat has been established longer and has a leading advantage, but its operating experience is not as good as that of Goose Factory. At first, as the number of users increased, the system stability was supplemented, and several times

There was a short-term downtime. As Jumei Cloud joined the battlefield, the stability was greatly improved and no problems occurred again.

At the end of July, the number of domestic WeChat users exceeded 40 million, and almost more than half of smartphone users had registered with WeChat. This advantage was strengthened in August, and most of the new smartphone users registered with WeChat, reaching 50 million users. This is Goose Factory

Historical data for November.

Echang has QO diversion, Quli has Kunlun app store and mobile phone pre-installation...

The business war between Huang Zheng WeChat, Zhang Xiaolong Tengxin, Jumei Time and Goose Factory in the summer of 2011 was the most eye-catching business war besides Honor's acquisition of Motorola mobile phones, and it even affected Honor's acquisition.

It is said that some people objected to the Ministry of Industry and Information Technology, believing that the acquisition of Honor would bring about a monopoly.

Thanks to book friend 20200213005825146 for the reward
Chapter completed!