Chapter 366: An Unexpected Harvest
Director Xia spoke so tactfully not because he didn't want to help Feixun Technology, on the contrary, now he dreamed of having a relationship with Feixun Technology, and it was best to have a little personal relationship with the executives of Feixun Technology.
In order to make up for this knowledge, he not only arranged for his secretary and office people to look for relevant information for him everywhere, but also asked who was familiar with this aspect everywhere, and then went to seek advice regardless of his status as a department-level cadre.
What he didn't expect was that it was precisely because he was so "diligent and studious" that he later became an expert in the field of venture capital.
What he did not expect was that his report was immediately delivered to the province, the State Development Planning Commission, the competent department of the State Bank, the Ministry of Industry, and other units. With the intervention of some bigwigs, his report was approved in just two days, that is, he agreed that Feixun Technology Company should lead the establishment of the venture capital company, and at the same time required the company to submit the exit mechanism of venture capital funds to the relevant departments for approval at the time of establishment.
Director Xia is, of course, the contact between the two.
Jiang Xinwei originally thought that he would be able to "deceive" hundreds of millions of dollars in funds this time, and every foreign financial company willing to have a relationship with Feixun Technology could pay several million dollars, but as a result, more than 30 companies that came to his door only took out less than $20 million in funds.
After all, these companies are here for the golden sign of Feixun Technology Company, and they want to cooperate directly with Feixun Technology Company and invest funds in Feixun Technology Company, but not cooperate with Feixun Technology Company to invest in other enterprises, and it is obvious that Feixun Technology Company is investing funds in domestic enterprises that they are not familiar with. And Huaxia Kingdom does not have a solid venture capital soil at all.
For venture capital, we all know that there must be a fast-in and fast-out mechanism, that is, venture capital funds immediately inject capital into the company after fancy the future of a certain enterprise and the company happens to need funds, and once the company achieves good economic benefits, the venture capital company will take advantage of the opportunity for the company to be favored by everyone to exit quickly. Recoup the original investment and get the benefits that are due.
They will not precipitate funds in one enterprise for a long time, and will not think about dividends from the benefits obtained from the operation of the enterprise, but immediately withdraw the funds and invest them in another company after making money in one company, and then go to a third company after making money there, and absolutely do not want the funds to be stranded.
When venture capital funds enter, it will inevitably change the shares of the company receiving funds, which will affect the operation of the company receiving funds, and when exiting, it will also change the shares of the company, and the withdrawal of funds is likely to affect the operation of the company. In order to avoid too many bad effects on the enterprise due to the withdrawal of funds. Venture capitalists take a range of approaches to doing this.
Abroad, the most common and best way for venture capital to exit is to get the companies that are receiving the funds to go public, then sell their shares in the stock market and quietly retreat.
However, it is not a simple matter to be listed on the stock market in Huaxia, the enterprise is the most profitable, and I don't know how many years it will take to go public, and retreating from the stock market is simply unattainable. However, if the method of direct sale of shares in the enterprise is adopted. It is not an easy thing to do in Huaxia, and private enterprises are a little better. Those who want to buy shares in a company will just wonder why the other party is selling the shares, whether they have dug some trap to deceive themselves into the pit, and will think for a long time and wait for a long time.
The buying and selling of shares in state-owned enterprises is not only the hesitation and suspicion of people who want to buy enterprises, but also the troublesome thing is that the relevant procedures are extremely cumbersome, requiring countless departmental approvals and seals, and if the enterprise is profitable. Buying and selling shares is even more difficult, and it can be said that it is not much easier than listing on the stock market.
It is precisely because there are so many troubles that how can these goblin and goblin foreigners be deceived by Jiang Xinwei lightly? Naturally, they don't want to take out too much money, just to deal with it, and they also want to test the water. I took out a small amount of money to play with Feixun Technology Company to see if Feixun Technology Company really took out real money to invest.
Jiang Xinwei didn't lie to them, he immediately arranged for someone to transfer funds equivalent to 80 million US dollars to Director Wei and them, and let them set up a venture capital company with the equivalent of 100 million US dollars of funds collected over the years.
Jiang Xinwei is in charge of a large company, this matter may be a big thing for others, take out the equivalent of 100 million US dollars of real money to register the company, there are really few people in the country, but for Jiang Xinwei is indeed a trivial matter, after the matter was handed over to Director Wei, he didn't care anymore, and now he is happy and painful.
The happy thing is that now countless funds are pouring into the accounts of Feixun Technology Company like a tide, and they can't stop it, and the pain is that these funds are all for mobile phones, and they want the analog mobile phones newly developed by Feixun Technology Company. It can be said that the sales of mobile phones this time are unexpectedly good, so good that orders from all over the world almost overwhelmed the marketing department. If calculated according to the current production capacity of Feixun Technology Company, it will take ten years to complete these orders.
Of course, it is impossible for Jiang Xinwei to delay these orders for ten years, and now he has put down the work at hand and began to prepare for the expansion of mobile phone production, and together with Meng Xiaofeng and others, he has been working day and night with the relevant state departments to study which factories and enterprises will be included in the downstream enterprises of Feixun Technology Company, and provide spare parts and assembly for Feixun Technology Company.
Meng Xiaofeng had just finished talking about product processing with a foreign manufacturer from a conference room, and when he met Jiang Xinwei in the corridor, he smiled bitterly and said: "Mr. Jiang, you are still prescient, otherwise, a few of us will really be tired to death." ”
Jiang Xinxu smiled and asked, "What kind of sycophants are you shooting? Where am I showing foresight?"
Meng Xiaofeng said: "In the past, you said that you would license the production of mobile phones to Motorola in the United States, Nokia in Finland, and Sony in Japan, but I was very reluctant in my heart, and I always felt that you were doing this to share the profits with the gringos, and you were cultivating your own competitors, but now it seems that you are doing the right thing, we can't complete the order anyway, and let those gringos help us make some money." ”
Jiang Xinxu said: "You, you, you are still the same, why don't you make progress in your brain? You think that only by producing yourself can you make money." …… Hehe, now I'm using their technology to make money for me. ”
Meng Xiaofeng was stunned for a moment and asked, "What do you take their skills?"
Jiang Xinwei smiled, did not speak, and said in his heart: You won't believe it, these mobile phone technologies are almost the same as these gringos in the previous life, but I just changed the processor in the mobile phone.
Jiang Xinwei turned to ask: "How are the negotiations with Qualcomm of the United States going? How did the relevant state departments reply to us?"
Meng Xiaofeng quickly took out a Wen Jiàn from the bag in his hand, and said while handing it to Jiang Xinwei: "Oh, look at me, today's negotiation has broken my brain, and I am about to report to you." …… There must be no problem on the national side, they have already said that if we follow the plan we reported before, they will definitely agree, when we submit the report, they will approve it, and ensure that we will not delay our time. However, Qualcomm has now put forward additional conditions and has reversed itself. ”
Jiang Xinwei looked at Meng Xiaofeng puzzled, if it weren't for the smile on Meng Xiaofeng's face that hadn't changed, he still thought there was something unexpected. He asked, "Is there anything good that they repent?"
Meng Xiaofeng said with a smile: "Good thing! Last time, didn't you say that you proposed to them to help us sell program-controlled switches, or to include program-controlled switches in our cooperation plan, but the other party refused? Hehe, now they not only want to include our program-controlled switches in the cooperation plan between the two sides, but also include our mobile phones in our cooperation plan. And, they're willing to promise what you said earlier, that they only get transaction fees from it. ”
Jiang Xinwei said: "Hehe, these guys are really sharks that smell blood, and when they see the mobile phone so pretty, they naturally want to get a piece of the pie." Don't you doubt the quality of our program-controlled switches?"
Meng Xiaofeng laughed and said, "I guess they were forced by Motorola to do this." In the past, Motorola fully supported their Qualcomm, but now because of the mobile phone, Motorola and our Feixun Technology Company are eyebrows, they are anxious, worried that Motorola will get rid of them Qualcomm and directly cooperate with us in various ways, and directly cooperate with us in digital mobile communications, so they have to change their attitude. …… , Mr. Jiang, your plan to kill two birds with one stone is really awesome. ”
Qualcomm does have a lot of contacts in the U.S. government, because most of their executives have retired from the U.S. government, but in the face of Motorola, a large and ancient military enterprise, their connections are not enough, and people's connections are involved in all aspects.
Jiang Xinwei did not expect that his authorization to Motorola would bring such a benefit, and let Qualcomm cooperate with him at the expense of lowering his status and conditions, which would further speed up the negotiation process.
"Hehe, it's okay to reach an agreement on cooperation between the two sides as soon as possible, and the country can rest assured one day sooner. Perhaps, in this life, I will join the GATT earlier than in the previous life. Jiang Xinwei said in his heart.
(Thanks to Heheweilong, Proud Sword Gone Sideways, and Silent Orange for their rewards, thanks to Hehe Weilong, Angel Battle Axe, Proud Sword Gone Sideways, Ottoman, Half-Immortal Monk, and dancydl for the monthly passes) (To be continued......)