Chapter 381 Tiger Roaring Valley and Saving the Academician Project
Lin Muchiu's question was another big surprise for Li Xiaofan!
Temasek Holdings, the leader of Singapore’s state-owned assets, also came to the door.
"Mu Qiu, according to my understanding, Temasek Holdings mainly manages and invests in large enterprise groups with local state-owned background in Singapore. Why are they looking for me?" Li Xiaofan asked.
Lin Muchiu replied on the phone: "Director Li, if nothing else happens, I guess the purpose is similar to that of GIC..."
“Does Temasek also want to invest in our Pacific Online Bookstore project?”
"I don't know the specifics, but I guess it must be related to the Yahoo project you invested in, the recently launched Yifan No. 1 Venture Capital Fund, and the Pacific Online Bookstore project that is about to go IPO on NASDAQ in the United States. It has something to do with..."
Lin Muchiu continued:
"Director Li, due to reasons such as small land and lack of resources in Singapore, the Singapore government has been committed to building Singapore into Asia's financial center and asset management center in the past few years, hoping to attract global funds. In order to achieve this goal, GIC and Temasek Temasek Holdings Institutions play a more important role. Compared with GIC, Temasek Holdings' investment proportion in the field of venture capital is not low. They pursue higher investment returns and bear higher risks for this purpose. Diversification, in addition to directly participating in investment projects and investing in GP In addition, we will also invest through our subsidiaries or establish joint ventures with other companies..."
After Lin Muchiu said this, Li Xiaofan recalled that in his previous life, when Hopu Fund was established with a total scale of US$2.5 billion in 2007, Temasek was the LP limited partner with the largest investment, with a one-time investment of an astonishing US$800 million.
Temasek Holdings is a generous spender. Li Xiaofan thought that if he had 800 million U.S. dollars on hand now, he could invest in a chip factory, or use 200 million U.S. dollars to directly acquire ASML, a lithography giant with a current market value of 500 million U.S. dollars. Acquired.
"Mu Qiu, then I understand, please reply to Temasek Holdings, and when I return to Singapore in a few days, I will visit them!"
"OK, follow your orders."
…
After Li Xiaofan and Lin Muqiu finished talking on the phone, Yang Feiyan reported to Li Xiaofan:
"Director Li, I asked about the task you assigned me yesterday. I happen to have a male classmate in the same class who is currently working at a Huawei company in Shenzhen. Currently, this Huawei company is mainly engaged in the research and development and production of digital program-controlled switches. products. I heard from classmates that this Huawei company The company has developed rapidly, with sales revenue of 800 million yuan in 1994. Sales exceeded 1.5 billion yuan last year in 1995, and are expected to exceed 2 billion yuan this year. Huawei is also preparing to build a R&D center in Shanghai and has begun to test the Hong Kong market, preparing to go overseas... …”
Yang Feiyan continues to report:
"My classmate also told me an amazing news. At the beginning of this year, Huawei's marketing department, from the main leaders to the directors of the regional offices, resigned en masse. Everything was reset to zero and started over. Then a competitive recruitment method was adopted for the defense. The company based Their performance, development potential and corporate development need to be re-hired. My classmates also told me that under the leadership of their boss, Mr. Ren, Huawei is preparing to hire IBM to carry out organizational management changes, and another management outline is called the "Huawei Basic Law". Drafting has officially begun..."
After hearing the news, Li Xiaofan secretly admired Mr. Ren. These drastic actions were so arrogant!
You must know that this is 1996, and it is undoubtedly a great risk for many Huawei veteran heroes to compete for jobs like others. If it is not done well, the ship will capsize in the gutter, the morale of the army will be unstable, and a large number of talents will be lost.
However, the layoff and rehiring campaign initiated by Mr. Ren won the support of most Huawei employees and successfully passed the test.
Under the leadership of President Ren, the current Huawei can be described as: Tigers roar in the valley, beasts are frightened, eagles test their wings, and the dust blows!
Thinking of this, Li Xiaofan temporarily gave up the idea of visiting Huawei. Their sales last year exceeded 1.5 billion yuan, and they don’t need money, so I won’t join in the fun for the time being with my little capital.
"Feiyan, let's rush back to Shanghai immediately. I want to find Academician Ni!"
…
In the evening, Li Xiaofan and his party rushed to Shanghai and met Academician Ni who was busy in the laboratory of Lianhai Microelectronics Design Center.
"Director Li, why do you come here to see me all the time?" Academician Ni asked.
"Academician Ni, I want to ask you a question. When you were at Lenovo, did you preside over a program-controlled switch project?"
"Yes, there was indeed such a project. It was as early as 1992, when I proposed the creation of a program-controlled switch project at Lenovo's annual meeting to launch an attack on the communications market. On New Year's Day in 1994, we independently developed the first The program-controlled switch product LEX500 started successfully in Langfang, Hebei Province. Subsequently, this program-controlled switch product of Lenovo was approved. Procured by multiple units and overseas countries. In just 3 years, this program-controlled switch project not only recovered hundreds of thousands of development revenue, but also created a net profit of 2.86 million yuan for Lenovo! Currently, telecommunications bureaus in various places generally lack domestic switch products and import them. The switch equipment was too expensive! The gross profit of our Lenovo program-controlled switch products exceeded 40% at that time, and it was a very promising project..."
"So is Lenovo's program-controlled switch project still in operation?" Li Xiaofan asked.
Ni Guangnan sighed and said: "Unfortunately, after I left Lenovo, all the projects I once directed, including this program-controlled switch project, have now been terminated by Lenovo."
"Why?" Li Xiaofan asked in surprise.
"If program-controlled switch products want to expand the market, they need to continuously invest in research and development and constantly iteratively update products. The return on investment in research and development has a process and a long cycle. Lenovo did not want to invest in this research and development funding, so after I left, They simply stopped the program-controlled switch project!"
Academician Ni continued: "According to the budget I planned, if the R&D funds are fully invested, by the end of this year, this program-controlled switch project is expected to achieve sales of 200 million yuan, and all development investments are divided into costs and expenses. Next, there will be a net profit of more than 20 million yuan. This LEX5000 program-controlled switch product is a national-level technology development project, and there are also tax incentives for high-tech products provided by the state. It is a pity that Lenovo has stopped such a good project. "
"Academician Ni, if I invest now, is it possible for us to restart this program-controlled switch project?"
Li Xiaofan's suggestion surprised Academician Ni.
"Director Li, do you really want to invest in this program-controlled switch project?"