Regarding Mr. Ren, there is such a paragraph within Huawei:

Mr. Ren's first car was a second-hand Peugeot, and in the summer of 1998, he changed to a brand-new BMW in order to accompany IBM President Gastner.

Mr. Ren personally drove on the streets of Shencheng, he opened the sunroof, and the stereo was turned on very loudly, speeding faster than Gerstner's car, and he turned his head and shouted: "Have you ever driven a BMW?"

Gestner: "?"

Mr. Ren asked again: "Have you ever driven a BMW?"

Gastner: "......"

When asked a third time, Gerstner finally responded, "What the hell are you trying to say?"

Mr. Ren asked, "Where are the brakes of the BMW?"

Regardless of whether this paragraph is true or not, the time background of its occurrence is indeed in the summer of 1998.

In 1997, Huawei's annual sales exceeded 8 billion yuan. Due to the rapid expansion of the company's scale, the organizational management problems are becoming more and more serious, the department is inexpensive, inefficient, and wasteful, and Mr. Ren has no way to deal with this situation, so he personally led a team to the United States to learn from experience.

After inspecting American companies for many years, Mr. Ren decided to take IBM as his teacher.

IBM agreed to accept the student, but the tuition fee was 2 billion yuan...... It's not a joke, it's real. At the end of 1997, Mr. Ren did not bargain and directly agreed to the sky-high tuition fee of 2 billion yuan!

How is the 2 billion yuan tuition fee calculated?

From 1998 to 2003, IBM sent 70 senior consultants to Huawei, each charging between US$300 and US$680 per hour, plus round-trip airfare, room and board, and other expenses, adding up to 2 billion yuan over five years.

Perhaps it was Mr. Ren's attitude of not making a counteroffer that won the respect of the president of IBM, and Gestner actually came to China in person this year, and the hand-in-hand faculty manager dealt with some problems.

For more than a decade, Huawei has been learning from IBM, from management to R&D.

IBM President Gastner is also a ruthless man, he was appointed to complete the comprehensive reform of IBM in only five years as president, using more than $8 billion in severance pay, laying off 150,000 employees, more than one-third of the total number of employees. IBM has grown by $10 billion in annual sales and a fourfold increase in the market value of its stock.

Today, Huawei's cash flow is extremely tight, but the 70 consultants sent by IBM have stayed at Huawei, spending an average of 400 million yuan a year on tuition.

And Huawei's R&D expenses this year must exceed 800 million yuan!

This is unbelievable in China in 1998. Jianlibao's market value is estimated to be about 4 billion yuan, which is already firmly in the first place in the beverage industry, and Huawei's consulting fees and R&D fees this year add up to 1.2 billion!

Song Weiyang is very awesome to say, but his little personal assets are a little brother in front of Huawei.

Of course, with the rapid development of Shenzhou Technology Company, Song Weiyang will not be left too far. PHS is like a money printing machine, which makes the total assets of Shenzhou Technology Company change every month, and now it has been valued at 3 billion yuan by the investment company.

……

Deep City.

Song Weiyang saw Mr. Ren, and the other party looked tired and shook hands with him.

"Hello Boss Song, welcome!"

"Mr. Ren just calls me Xiao Song, you are a senior, I am a junior. ”

Mr. Ren rubbed his face, seemed to be in good spirits, and said with a smile: "Then I will rely on the old and sell the old, and call you Xiao Song." I'm sorry, I just came back from a business trip this morning, I only slept for two hours, and I'm still a little sleepy. ”

Song Weiyang said, "Why don't I come back in the afternoon, and you can sleep for a while?"

"No, I'll just take two sips of tea. "Mr. Ren.

Song Weiyang didn't talk nonsense, and asked directly: "Huawei's funding is very difficult?"

Mr. Ren said: "It can last for a while, and when the GSM R&D project comes to fruition, it will be able to return funds in the market." ”

In fact, it was useless to produce results.

Because from the day Huawei began to develop GSM technology, it has faced all-round encirclement and suppression by foreign companies. Huawei's GSM technology will be able to produce its first results at the end of this month, but it will not be sold at all. Foreign companies are playing monkey price cuts in one aspect, and more importantly, they are playing tricks, causing Huawei to be unable to receive orders for half a year, including orders for fixed-line equipment.

Until the spring of next year, Mr. Ren's friend directly approached the central leadership and conveyed his opinions. It probably means: "There are a lot of false accusations about Huawei now, and there are rumors about Huawei in society." Please ask the central government to immediately launch an investigation into Huawei, and if the situation is true, I will plead guilty and I can go to jail. If the situation is not true, please help Huawei clarify, we can't hold on. ”

The central authorities soon set up an investigation team, which investigated for more than a month, and only had some minor problems. As a result, two leaders of the central government issued instructions to clarify Huawei's grievances, so that Huawei could receive orders normally.

As for those false accusation letters and rumors, not only did Huawei not be able to sell its products, but it also made it impossible for Huawei to obtain loans from banks.

Mr. Ren was very honest and did not hide anything, and simply introduced Huawei's situation, saying: "Huawei's GSM project, the research and development progress is very smooth, and I believe that it will be able to produce results soon." But now the money is really tight, so financing is needed. The risks are very high, and the benefits are also very large, Xiao Song, you have to think about it yourself. ”

Huawei's research and development of the GSM project can be said to be difficult to ride a tiger, or it can be said to be a failure.

In order to develop GSM technology with uncertain prospects, Huawei directly cut down the mature but relatively backward CDMA IS95 R&D team in the face of financial difficulties. Other R&D teams have also been cut to pieces, or temporarily suspended, which is really insufficient R&D funds, so they can only choose one of the ways to go to the black.

can still hold on now, and in another two or three months, Ren always really has the idea of jumping off the building. In order to alleviate the financial pressure, he fooled the employees' salaries into the company's internal bank, and the dividends and bonuses of the employees to buy the company's shares, because he could not get a penny from the outside.

Historically, Mr. Ren has found many companies to attract investment. But when rumors are flying, everyone feels that Huawei is going bankrupt, who dares to vote?

Song Weiyang said: "I don't have much money in my hands. ”

Mr. Ren said: "Huawei has no bad debts, and its finances are normal, but it lacks working capital. ”

Song Weiyang said: "I personally made a fortune by speculating in futures in Hong Kong City, converted into RMB, and there are about 50 million (borrowing tens of millions of dollars to Chen Tao and other high-level executives to buy Xifeng's original shares). On the side of Taurus Capital, it can also mobilize 80 million to 100 million funds for investment at any time. It's not enough, and Shenzhou Technology can also invest money. How much does Mr. Ren need? ”

This is a beautiful thing to say, in fact, Song Weiyang values Huawei's development prospects.

But Mr. Ren didn't know, he had already been moved by Song Weiyang. ran so many relationships and found so many friends, but they couldn't get investment, but Song Weiyang, a person he didn't know, agreed to help raise funds without saying a word.

Prosperity makes friends, adversity tries them!

Mr. Ren thought for a while and said, "One hundred million." ”

"No problem, I personally invested 50 million yuan, and Taurus Capital invested 50 million yuan. Song Weiyang said.

After solving the financial pressure, Mr. Ren was in a good mood and asked with a smile: "Xiao Song, do you trust me so much?"

Song Weiyang asked rhetorically: "How much is Huawei's R&D expenses this year?"

Mr. Ren said: "So far, more than 700 million have been used. ”

Song Weiyang said: "Can there be a second such company in China?"

Mr. Ren was stunned, then laughed and joked: "Oh, when the Telecommunications Bureau asked me to cooperate with PHS, I should have agreed, and now I don't need to look for you to invest." ”

"That's true. Song Weiyang also laughed.

Huawei is not so high, what backward technology is not used, it is strange.

Historically, Huawei saw that PHS had super high profits, and it also followed the trend to make PHS mobile phones, and Mr. Ren probably regretted it in his heart.

Song Weiyang suddenly said: "By the way, Mr. Ren, I have formed a Golden Bull Club, and the members are all industrialists. We meet regularly for three days every year, and we don't talk about business, but we talk about some topics and exchange each other's business experiences and ideas. If you don't feel happy, you can withdraw from the Taurus Club at any time. I want to invite Mr. Ren to join, I wonder if it is feasible?"

Mr. Ren asked, "Who are the members?"

Song Weiyang reported the names of the members of the Golden Bull Club, and Mr. Ren immediately said: "I know a few of them, and I have also taken pictures." Since they are also there, and it was initiated by Xiao Song, then I promised to join the Taurus Club. ”