Reborn Entrepreneurial Giant

Tianming Fund transferred tens of billions of dollars in cash from Wall Street to London, Hong Kong, and Singapore. It will continue to cash out its stocks in the future, and the cash will be used to support Standard Chartered and United Group, deepening its influence in the financial industry.

Qu Li's affairs in Xiangjiang are not over yet. For example, the team building of Tianming Fund. As a family fund, stability is the first priority, so trust must be established with team members, but how to do it?

Normally speaking, it is nothing more than emotional exchange and interest exchange. The former requires time, and the latter requires money. But desires are hard to satisfy. In prosperous times, you can only rely on the law. In troubled times, you need force. As times develop, human nature has not changed much.

Therefore, the members of the Tianming Fund are generally older and have families and businesses. Because of family life, it is difficult to maintain high-frequency work, let alone frequent business trips. With high welfare benefits and strict systems, there have been no problems. . But the replacement of personnel is necessary, and many things need to be paid attention to.

Qu Li did not stay in a hotel this time, but stayed in their big house in Xiangjiang, so many people came to visit, such as the Feng family of the delisted Li \u0026 Fung Group. Li \u0026 Fung is a world-class apparel supply chain giant. It is not engaged in production, but it controls more than 10,000 raw material suppliers and OEMs around the world.

Time Jumei has been cooperating with Li \u0026 Fung for a long time, but with the development of the company, they are basically no longer needed in China, and overseas business gradually cannot keep up with the situation. In addition, it is difficult to convince people in the early days of Qu Li. The two parties have accumulated some There was a small conflict, but with the rise of Xiangyun and Shein, the two sides cooperated more.

A few years ago, it acquired a stake in Li \u0026 Fung Logistics with Jumei Wuliu. Last year, it officially acquired the remaining shares of Li \u0026 Fung Logistics at a valuation of US$3.8 billion, improving its logistics capabilities in Asia.

Li \u0026 Fung Logistics' network covers major ports and cities around the world, with more than 230 offices in more than 50 countries and regions around the world, and 223 warehouses and distribution centers with a total area of ​​2.7 million square meters. More than 2,000 transport vehicles and 3,500 employees.

With the blessing of Time Cloud, it helps Li \u0026 Fung Group achieve digital transformation. It can be said that many of their businesses are dependent on Qu Li, a major customer. There are many small and medium-sized enterprises in Xiangjiang that cooperate with Quli, such as Esquel, which goes to border areas to grow cotton.

There is also Li Er, who stabbed Qu Li in the back and sold Fisker to Apple. At this time, his reputation in Xiangjiang has deteriorated. He cheated his own people in order to make money. Even the media in Wanwan can't stand it and think that he has earned unjust profits. fiscal.

In the end, Apple only took control of Fisker. Tim Cook did not want to affect the Apple brand, so this transaction meant that he would take the money and walk away. Li Er wanted to find Qu Li to explain, but he refused to meet, even when he arrived in Xiangjiang this time.

It doesn’t matter whether Fisker’s products are excellent or not. What’s important is that they get the bonus of the Apple brand. Many people think that Fisker is Apple’s vest line, just like Wenjie is a chrysanthemum vest.

The problem now is that 5e58 is drifting away from Honor at the corporate level. Europe and the United States have repeatedly troubled them on issues such as subsidies and unfair competition. Now it’s Apple Fisker’s turn. The standards are the same...

It's a good thing for Apple to build cars. Tim Cook has said privately that he doesn't want to build cars, but Yingjiang doesn't want to lose, so he has to build cars for the country.

There is no doubt that there are many patriots in Yingjiang, such as the database software company Oracle. Their boss did not want to cultivate talents for flower growers, so he disbanded the domestic R\u0026D team.

The timing of Apple's decision to build a car was not good. Mitsubishi Motors Alliance has become the world's third largest alliance, surpassing Lehman Nissan, which was previously involved in civil strife. If there are no restrictions, Fisker may not have a chance, so what should we do?

Yingjiang provides a subsidy of US$7,500 for new energy vehicles, but many congressmen want to exclude Qiancheng Geometry from this, but Texas does not agree. They have promised to protect Qiancheng Geometry's legitimate rights and interests in the United States from being infringed.

Future Geometry's Texas factory was built, but they have made a lot of efforts to prevent the union from entering, so they have not started construction until now. The production capacity is only about 100,000, and they have to make adjustments according to the development situation.

Because the Eagle IRA Inflation Reduction Act now stipulates that in order to obtain the $7,500 tax rebate subsidy, conditions must be met in stages:

Battery critical mineral requirements: Electric vehicles must contain at least 40% of battery critical minerals (such as lithium or nickel) extracted, processed or recycled in North America or a country with a free trade agreement with the United States. This proportion will increase year by year in the future and will reach 80% by 2027.

Battery component manufacturing requirements: Electric vehicles need to meet the requirement that more than 50% of battery components and materials are manufactured or assembled in North America. This ratio will be required to reach 60% in 2024 and 2025, and will increase year by year thereafter, reaching 100% by 2029.

Originally, this had nothing to do with geometry, because the subsidy limit of 200,000 vehicles was reached, but now the new regulations have canceled this restriction, and it will be valid until 2032. If we really have to wait until then, the day lilies will be cold.

This is very difficult, but there is still a way. Construction of CMGE's factory in Mexico has started and will be completed early next year at the latest. In response to changes in overseas markets, domestic production capacity has been reduced and plans for a factory in Suzhou have been cancelled.

5 future plans have plans to build factories in Eagle Sauce, Mexico, and Brazil, and with them are a lot of supply chain companies. It is also an "obligation" to help them build factories overseas. There is no need to count on major state-owned banks. Standard Chartered Group has There is no other way, not as good as HSBC.

However, Qu Li still underestimated the shamelessness of Yingjiang. It is said that they are planning to directly exclude flower growers and companies, and the focus is to crack down on related companies such as Future Geometry, Bilade, and Ningde Times.

At this point in the development of the matter, Qu Li really has no choice. No matter how hard he tries, he will never be able to defeat the purpose of setting the rules of the game to defeat you. It's okay to take the high-end route. Anyway, the products have advantages and are sold at a high price, which is a disadvantage to Yingjiang's own people.

Ever since Qu Li disclosed Geometry's video generation technology, the United States has once again started to panic about being surpassed by the florist rabbit, intensifying the confrontation to the point where Nvidia's special chips for the domestic market are no longer banned.

Although it has affected the development of large domestic AI models, Wei Zhi's AI chip orders have surged. Last year, the entire company's revenue may have been only 20 to 30 billion. This year, it may double (TSMC can also OEM), at least more than 500 100 million. A chip design company with a revenue of more than 50 billion RMB is not a small amount in China.

It may be that there are choices in China. The domestic artificial intelligence and large-scale models have become popular, and there is another wave of entrepreneurial boom. The amount and scale of financing have repeatedly reached new highs, and several unicorn companies have emerged.

Unfortunately, there is a big gap between Tianwen Big Model 4.0 and ChatGPT 4.0 at this time. It seems to be a matter of time before the latter catches up. It is not a talent gap, but mainly computing power.

To put it bluntly, it is short of money. Fanxing Research Institute has always relied on Qu Li to support it. ChatGPT4.0 costs 50 million US dollars per training. However, Wei Zhi’s chip can be used, but the energy consumption is high and the cost is high. Tianwen 4.0 training exceeds 4 billion RMB.

As a pioneer in the industry, Fanxing Tianwen chose to raise funds to become a commercial company. It accepted Time, Glory and Future Geometry to inject 100 billion RMB in a 4:4:2 ratio, accounting for a total of 48% of the shares. The financing model adopted sacrificed income rights in exchange for decision-making rights. And the investment return limit is set.

Qu Li's meaning is obvious, he just wants to make Fanxing Tianwen more pure.

Microsoft has previously invested US$3 billion in openAI, and after Tianwen received financing, it announced an investment of US$10 billion in OpenAI. The financing method is similar to that of Tianwen, and even the post-investment valuation is close to US$29 billion... (End of chapter)