"Then let's split the funds again when the annual net value is settled!" Su Yue said, "reduce the size of each fund to less than US$20 billion."

“At the same time…continue to recruit capable fund managers and trading talents worldwide.”

"Our stall is getting bigger and bigger, and internal talent training and external talent recruitment must also be kept up quickly."

"After completing this position adjustment, you should also focus your work on this in the future, consolidate each trading team, and keep up with the growth rate of performance."

"Okay!" Chen Yuhe responded, and then withdrew from the chairman's office.

After Chen Yuhe left, Su Yue continued to pick up the newly purchased iPhone 4 product on the table to play with it. Thinking about the comprehensive era of smartphones and mobile Internet that this product has opened, and the huge market space and investment opportunities hidden behind this product, as well as the drastic changes in the entire industrial chain, I feel very moved.

He seized the initiative in investment in the "smart phone era" and the "mobile Internet era".

It has occupied high-quality bargaining chips in related industrial chains ahead of all global capital groups and gained advantages in cost and future profits.

However, domestic related industrial chain companies failed to seize this opportunity and caught up in technical layout and product layout, taking advantage of the market's new and old changes to seize market share.

Of course, there are objective reasons for this. After all, there are too many places in China that require tutoring.

"Chairman..." While Su Yue was thinking, Yang Liguo suddenly pushed the door and said with a smile, "Mr. Ren from Shenzhen Huawei Technologies Co., Ltd. wants to see you."

"I remember we've looked for them before?"

When Su Yue heard Yang Liguo's words, he was a little surprised. He remembered that this communication equipment manufacturer, now the second largest technology giant in the world after Ericsson, is the only technology giant in China that can be seen, and one of the world's top 500 companies. He said: "This Mr. Ren, what are you looking for us at this time? He did not accept our capital investment before, and at this time...it is probably even more unnecessary."

"I have had a preliminary talk with Mr. Ren." Yang Liguo said, "After realizing that the tide of the 'smart phone' era is coming and seeing that the world's communication giants and mobile phone manufacturers are catching land around the world and making various strategic investment and mergers and acquisitions, they also want to continue to consolidate their competitiveness in the industry and enter the mobile phone smart terminal market from communication equipment vendors."

"Our group started with the wholly acquired arm in 2007..."

"I have been making arrangements in this regard, and I have invested a lot of key upstream and downstream companies in the semiconductor industry."

"At this time, Mr. Ren found us because he wanted to cooperate in depth with us, integrate the resources in our hands into Huawei, and complement the technologies that Huawei lacks in this regard."

"He said... In the face of the new era, only by working together can we quickly make up for our shortcomings and stand at the forefront of the world."

"He also said that he agrees with the chairman's statement that the next ten years will be the decade when technology changes the world and the decade in the era of "mobile Internet".

"Huawei's world share in the communications equipment market has surpassed Nokia Siemens."

"Its technical accumulation in 4G is also at the forefront of the world."

"At this time, the emergence of the iPhone 4 product should have greatly stimulated Huawei, allowing them to see the mobile smart terminal market, the tide of change and huge opportunities."

"If it can combine our resources in relevant global industrial chains..."

"In the mobile smart terminal market, if there is a way out, then... with its technological accumulation, it is not impossible to become the next real communications and terminal equipment giant like Nokia."

Listening to Yang Liguo's words, Su Yue remembered Huawei's development path in the next ten years.

He smiled and said, "It seems... you agree with this Mr. Ren's many insights? Indeed... Among all the communication equipment and terminal equipment companies in China, they have the deepest technical accumulation and the most opportunity to catch up with the big changes in the smart terminal market and become a real world technology giant."

“But…how much can we make from it?”

"In other words... how much benefits can this Mr. Ren transfer through his in-depth cooperation with us?"

"Based on Huawei's special equity structure, we want to get rich returns from its equity investment, which is probably unrealistic." Yang Liguo said, "The suggestion for capital increase and share expansion was rejected by him when we contacted Mr. Ren last time, so... if we want to accept Huawei's initiative to extend cooperation."

"Then you have to start from other aspects."

"What about your thoughts?" Su Yue looked at Yang Liguo with a smile, knowing that he probably had an idea in his mind.

Yang Liguo said with a smile on his face: "Huawei wants to borrow some of the resources we control to quickly enter the mobile smart terminal market and open up a new situation."

"So, based on cooperation..."

"We two might as well establish a new mobile smart terminal equipment manufacturing company in partnership, so that... we will break away from the main body of Huawei's parent company and have a new beginning."

"My suggestion is to establish a newly established company, with both parties investing half of the capital and half of the equity, and the technology is jointly provided by both parties."

"We are not good at the operation of new companies and can hand over the operation management rights to the other party, but the core technology, namely related semiconductor supply chain products, is still independent of the new companies, and the relevant companies under our control, directly supply to the new companies."

Su Yue thought about it and thought it was a solution.

They cannot participate in direct investment in Huawei. Through this method of establishing a new joint venture, they can integrate resources, collaborate and enter the mobile smart terminal market, and do not implement a cooperation method that is in line with the interests of both parties.

"If the chairman has no objection, then I will help you and President Ren to arrange a meeting." Yang Liguo glanced at Su Yue's change in expression and said.

Su Yue nodded: "Okay, come and arrange it!"

Yang Liguo responded with a smile, then withdrew from Su Yue's office, and asked the secretary to speed up the meeting between the two sides.

The next day, September 23.

Su Yue, Yang Liguo and other representatives of the Bentayga Capital Group, met with Ren Zhengfei, Sun Yafang and other representatives of Huawei at Ningzhou Hotel to discuss cooperation matters.

The two sides had a pleasant conversation.

After the talks ended, on the fifth day, September 28, the Bentayga Capital Group and Huawei Investment Holding Group held internal board meetings to review relevant cooperation matters between the two parties.

With the promotion of the core figures of both groups, the board of directors of both groups passed unanimous resolutions.

Then... On October 12, during another formal talks, a preliminary cooperation agreement was finalized, and finally, after a month of careful discussion and running-in.

On November 15, Honor Technology Co., Ltd., which has a registered capital of up to 4 billion yuan, was officially established through joint investment by both parties.

This is a company that aims at the mobile smart terminal market, carries two groups, as well as the entire domestic mobile phone equipment industry, and has huge hope.

The establishment of Honor Technology Co., Ltd. quickly caused shock to the global related industrial giants.

Many foreign media commented...

It means that this is a powerful alliance between capital and technology, and it is the beginning of Chinese-funded enterprises that integrate resources and ambition to the global smart terminal market and change the world.

It also stated that this is the beginning of a global communications equipment vendor and smart terminal device vendor, and the chaotic war between the heroes.

It is the leader of the Nokia industry and the beginning of the real crisis.

At this moment, Google once again released the Android 2.3 system. Its smart terminal devices equipped with Android systems have achieved explosive growth. Its new device users are added every day, with more than 300,000, fully seizing the Nokia Symbian system market, which dominated the market, and completely changing the pattern of mobile smart terminal device operating systems.

The choices of users and the sales miracles that iPhone 4 products continue to create.

This has led to domestic and foreign related industrial chain enterprises and capital pouring into the mobile smart terminal equipment track, continuously pushing up the valuation of related assets and constantly refreshing investors' expectations for the future.

"This year, the entire investment market is really a matter of ice and fire."

Near the end of the year, global capital, communication giants, and smart terminal equipment giants are still expanding greatly. When they are carrying out mergers and reorganizations around the world, venture capitalists from investment institutions can't help but sigh: "Other industries are in a downturn, but the mobile terminal market and its related communications and semiconductor markets are hot, with their valuations getting higher and higher day by day. It's really crazy and unimaginable."

"4g is coming, the global mobile phone replacement wave, hundreds of millions of new equipment markets, this market space...it's weird if it's not crazy."

"With the comprehensive update of smart terminal devices, the mobile Internet era should be faster, maybe... this will be the hottest next year."

"Yes... instead of chasing investment in the mobile terminal market at this time."

"You might as well take a look at the related industries."

"If Internet users move from PC to mobile on a large scale, what will the change that will bring to people? I think this is a market worth digging in depth."

"It's still Mr. Su from the Bentayga Capital Group, you're foresight!"

"Looking back now, the wave of investments in the middle of the year was really accurate, and its predictions for the future market were also extremely accurate."

"Now, it can be said that this year is the first year of technology."

"Yes, this year... the fund investment department of the Bentayga Capital Group has to make at least hundreds of billions of dollars in profits, right?"

"A profit of 100 billion US dollars? That's underestimating."

"Their investment in the capital market this year is extremely accurate. In the first half of the year, they hit the extreme fluctuation of the yen exchange rate, and in the second half of the year, they hit the market for a major change in mobile smart terminal devices. I heard that in the yen exchange rate alone, they harvested hundreds of billions of dollars in profits from various capital giants in Wall Street."

"In the second half of the year, technology stocks led by Apple, Google, amd, and Intel have risen more than doubled?"

"I heard that their stock holdings are as high as 150 billion to 200 billion US dollars. With such a huge holding, it is impossible for them to only make about 100 billion US dollars in profits."

"Damn...it's too profitable."

"Yes, if you can hold the investment fund shares of their subsidiaries, you'd be too happy. Just pay dividends while lying down. How could you still need such hard work? Alas..."

"In this way, wouldn't the profits of Bentayga Capital Group be overwhelmed this year?"

"Yes, their fund business department alone has an estimated investment profit of more than 200 billion US dollars. In addition, their market investment business department, investment banking business department, securities brokerage business department, and market investment consulting business department, wouldn't this go straight to the profit of 400 billion and 500 billion US dollars?"

"My God... profit alone will surpass the GDP of most countries in the world, right?"

"The net profit attributable to the parent cannot be that much. After all, the fund's investment profit belongs to all investors holding fund shares, and is not the Bentayga Capital group that manages the fund. But even if there is not that much, with their performance this year, they will definitely be the most profitable company in the world."

"Hey... I'll switch jobs to the Bentayga Capital Group next year. This company is so awesome."

"Yes, I heard that the Bentayga Capital Group is recruiting vigorously, and the salary level offered is much higher than that of companies in the same industry. Damn... I'll try it next week."

In countless investment institutions and global capital markets, they are staring at the Bentayga Capital Group and are talking about it.

Wait for it to announce its annual fund investment results.

Su Yue sent an open letter to investors holding all fund shares of the hedge funds under the group, and once again converted the 6 hedge funds into 20 in one go based on the current net value of their holdings, and paid full dividends with 15% of the annual profit of the fund to repay all investors.

After profit dividends, the Bentayga Capital Group shall follow the investment shares of all hedge funds.

Received a dividend profit of US$22.1 billion.

As for the withdrawal of fund management fees...

Since each fund did not close the position and only converted the net value, the cash not used for investment in the fund account was limited, so... In this net value settlement, the Bentayga Capital Group only withdraws 4% of the management expenses, that is, US$12.475 billion. The rest are divided into profits after more than 100% of the performance according to the fund investment agreement. It is not withdrawn. Instead, it is settled and continued to be used for the existing capital investment of each fund. Then wait for the investment to be completed and the fund will undergo a complete net value liquidation before the cash will be finally withdrawn.

The real net value of each fund converted by the Bentayga Capital Group.

Everyone found that the Fund Investment Department of the Bentayga Capital Group, in the global financial market and overall performance, has been relatively dull, and has made a large-scale investment investment twice, earning more than US$260 billion, which is higher than the world's most profitable giant companies, and has a high revenue and profit, which is temporarily... a global uproar.
Chapter completed!