Chapter 577 Reliance Group

On December 20, before Christmas, Honor Electronics announced that their second Android smartphone, Mate 1S, was officially launched.

As mentioned before, Honor Mate 1S will support 3G network, and the price of 16GB memory is lower than 45ate 1, and the configuration is higher - Mate 1S has an extra 500,000-pixel front camera.

And in some cooperating operators, if you choose a 2-year 3G package, there will be a considerable discount depending on the price of the package.

For example, in O2 Telecom and T-Mobile Telecom, if you choose the highest-priced 3G package, the price of Mate 1S can be as low as US$299!

Therefore, as soon as Mate 1S was released, people lined up to buy it.

In response, Apple also responded quickly, announcing that they would launch 1ne 1 mobile phones, and the original IPhone 1 8G model was reduced in price again.

And announced that they will launch their latest IPhone 3G mobile phone in February next year.

At this time, near the end of the year, the sales of iPhone 1 mobile phones have exceeded 1.5 million units, and the sales of Mate 1 mobile phones have exceeded 1.8 million units.

Although the sales of Apple and Honor Electronics mobile phones are still far behind those of previous big brands such as Nokia, Motorola, and BlackBerry, they have already had a certain mass base.

Especially the Mate 1S mobile phone, because it coincides with the Christmas season, the busiest sales season in Europe and the United States, its sales are even more fierce than Mate 1. In just 3 days, more than 500,000 units have been sold, which is very scary.

This is why Apple is so anxious.

From the previous "OEM manufacturer" to the current world-renowned mobile phone brand, Honor Electronics has also developed rapidly during this period.

And more importantly, the industrial chain integration they have carried out in China through industrial investment has basically achieved results - the proportion of "domestic" mobile phone components used in Mate 1S has greatly increased compared to Mate 1.

However, the two most important key components in mobile phones, chips and touch screens, still need to be imported.

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Similarly, before Christmas, SEM Group, which had just announced the acquisition of Reuters Group, announced that its subsidiary Summit Media would acquire the well-known British program production company Stuart Media for 500 million pounds.

Before this acquisition, SEM Group already held 30% of Stuart Media's shares. SEM Group will issue new shares to acquire 70% of Stuart Media's shares held by Bonnie Capital controlled by Bonnie Cavendish.

In this way, Barron's wife Bonnie became one of the shareholders of SEM Group.

At present, Stuart Media has produced well-known series of variety shows such as "Dancing Miracle", "Shining Life" and "Britain's Got Talent", and these programs have been bought by many overseas TV stations to produce related programs.

The reason why Bonnie decided to sell Stuart Media to SEM Group is that she did not have much energy to lead the specific operation of the company afterwards-when she was in Australia, Bonnie found that she was pregnant again.

Yes, she was pregnant with her second child, so she might not have much time to run Stuart Media in the future. In addition, after the completion of the Media City project in Manchester, many companies, including Stuart Media, will move there. Therefore, after careful consideration, she accepted Barron's suggestion and sold Stuart Media to SEM Group.

After handing over the operation of Stuart Media to her deputy, Bonnie Cavendish will serve as a director of SEM Group in the future and be responsible for part of the program production affairs.

After acquiring Stuart Media, the relevant program production business of Summit Media will be merged with it and belong to Summit Studio together, which greatly enhances Summit Media's program production capabilities and also has more variety show IPs with audience appeal.

While Bonnie and her cousin Countess Chris stayed in Australia for vacation, Barron and Earl Bute had left Australia and went to Asia.

The Devonshire landed at the New Delhi Airport, and Indian Minister of Commerce Jerome Lamish personally greeted Barron and his group at the airport.

After the welcoming ceremony, the convoy from the Devonshire, escorted by the Indian Mounted Police, went directly to the Prime Minister's Office, where Indian Prime Minister Singh would meet with them.

The reason for such a big trip to India this time was not because of Argent Real Estate Group's investment in Mumbai, India - after all, their investment scale here is still relatively limited at this time.

The main reason is that Barron's United Energy Group will cooperate with India's Reliance Industries Group to build the world's largest refining project in Jamnagar, India.

In this project, United Energy Group and India's Reliance Industries Group will each hold a 50% stake. After completion, the scale will reach 1.3 million barrels per year (62-65 million tons per year), which is three times the scale of China's largest refining project at the time. In addition, the petroleum coke/coal gasification multi-generation project to be built this time will also become the world's largest gasification project.

The Reliance Group, which is cooperating with United Energy Group this time, is the largest private conglomerate in India.

The founder of Reliance Group, Dhirubhai Ambani, founded Reliance Commodity Trading and Export Company in 1958 and became a billionaire from scratch.

He died in July 2002 and his son Mukesh Ambani took over Reliance Group. After that, Reliance Group not only consolidated its position in energy production, finance, and biotechnology, but also became one of the main forces in India's telecommunications industry.

According to Time magazine, in 2003, Reliance's revenue was US$16.8 billion, accounting for 3.5% of India's GDP that year.

At this time, Mukesh Ambani, chairman of Reliance Group, has become the richest man in Asia many times and is a frequent visitor on the rich list.

In fact, at the beginning, Reliance Group hoped to build a super-large refining project in Jamnagar, the largest refining base in India, and has been looking for partners for this.

Finally, after the United Energy Group negotiated with them, the project was finalized.

The total investment of this project will exceed US$4 billion, jointly funded by both parties. After the project is completed, it will be able to digest a considerable part of the crude oil produced by the United Energy Group, and sell oil refining products to surrounding areas with India as the center.

You know, like China, India is also an energy importer with a huge market, and after acquiring Unocal, the United Energy Group has considerable oil and gas reserves in Southeast Asia and the Caspian Sea. They also plan to exploit the oil and gas resources in these places this year.