Chapter 785 - Investing in Transsion

"How is the sales in the South Asian market?" Hang Yu looked at Ma Siyuan.

"Since the release of the new mobile phone, a total of more than 5.5 million units have been sold. Ma Siyuan replied: "Our layout time in South Asia is too short, and the next mobile phone will definitely exceed 10 million sales." ”

"Yes, what do you think if you return to the African market?" asked Hang Yu.

"There's no need to go back, our sales company in Africa is still running, but it's not as big as it used to be. If necessary, additional investment can be made immediately so that they can continue to develop the African market. However, as I said before, cats are competitive in the mid-to-high-end market in Africa, but they are not competitive in the low-end market. Ma Siyuan said.

"You said earlier that there are many competitors in Africa, and one of them is a company called Transsion. It's better for us to cooperate with Transsion, or buy its shares directly. "Hang Yucai is rough and authentic.

In fact, Jiang Yan can do it by itself, but Hang Yu doesn't want to waste time in the low-end market.

Since Transsion is doing well in the low-end market, it is necessary to acquire it directly, and I don't know how much manpower and material resources will be saved.

To some extent, the competition in the low-end market is no less fierce than that in the high-end market, but it is not competing for technology and capital, but for manpower. Because there are too many low-end mobile phones, and most of them are made domestically, the advantages are similar, and they rely on squeezing manpower.

Although there are certain sales strategies and technical advantages, the requirements for manpower are higher.

Especially in a backward market like Africa, where information is backward, there is no way to use network marketing, so you can only rely on manpower. It's really town by town, village by village, and the sales methods are simply torturous.

Most of Jiangyan's departments and subsidiaries are well treated, and no one is willing to go to Africa.

Ma Siyuan is already very able to endure hardships, and after staying up in Africa for a period of time, he said that he couldn't bear it, because the ratio of pay and benefit was too low.

Whether it's good or not is compared, look at people's cross-server, Jiangnan Mall, and feel that my struggle is meaningless. Even the low-yield Swallow Logistics and Fruitful Agriculture are much better than the African sales companies.

Although the income of Swallow Logistics is low, it is very important to the company, and Fengzhu Agriculture is very suitable for leisure and elderly care.

In short, the African mobile phone sales branch is definitely the worst subsidiary of Jiangyan Group, when deepening the reform, Hang Yu added a punishment to the unfavorable management, that is, exile to Africa. As soon as this punitive measure came out, a considerable number of lazy managers suddenly became energetic, for fear of being thrown to Africa to feed flies.

It can be seen that if Jiang Yan Company personally goes out to open up the low-end market in Africa, it will definitely be a thankless task. But it's not the same to take a stake in a company directly, because the other party is already doing very well.

After becoming a shareholder, there is no need to be responsible for it, and it does not interfere in the operation of the other party, as long as the company cooperates with chip sales.

After completing this goal, Hang Yu's goal has been achieved.

"No problem, as long as the other party cooperates with our chip development plan, nothing else matters. Tan Zongqin also thinks so, the low-end market in Africa is a grade lower than the domestic low-end market, and he is not interested in it at all.

"Then send someone to talk and try to buy more than 51% of the shares, but not more than 60%. Hang Yu said.

"Why?" asked Ma Siyuan.

"I don't want to be responsible for them, especially in terms of wages and benefits. Hang Yu said.

"......" Ma Siyuan didn't expect that he would also have a time to slam the door.

Hang Yu doesn't need to investigate to imagine how ruthless Transsion is in the exploitation of manpower, and they will inevitably need many people to open up the African market.

If Transsion is completely acquired, Hang Yu will become their boss, and it seems unfair not to raise the treatment to the same level as other subsidiaries.

However, improving the treatment will inevitably increase expenditure, and the profits of low-end mobile phones are so low that they will lose money if they don't do it well.

Leave more shares to Transsion's entrepreneurial team, so that they will have the motivation to continue to run the company, which is good for Hang Yu and them.

Because it is related to the development of chips, Tan Zongqin personally came to Shenzhen Transsion and met Zhu Zhaojiang, the boss of Transsion.

Zhu Zhaojiang is well aware of the importance of obscene development, and is very low-key, and the sales of Transsion mobile phones in Africa have squeezed into the top three, and almost no one in China has noticed this company, not even the government.

Knowing that Tan Zongqin, the general manager of the mobile phone company under the famous Jiang Yan Company, came to inspect in person, Zhu Zhaojiang was flattered and vigilant at the same time, he didn't think that the other party was just coming to see.

"We have also opened a mobile phone sales company in Africa, and our sales in the mid-to-high-end segment are good, but overall they are not as good as yours. Our future target is the international market, so we don't plan to continue tossing around in Africa. But we need the African market, I don't know if the bamboo boss is interested in cooperating with us. After inspecting the situation of Transsion, Tan Zongqin felt that this company had done a great job in Africa and could undertake the growth of self-developed chips in the early stage.

"It's our honor to work with Jiangyan, I don't know how your company plans to cooperate?" asked Zhu Zhaojiang.

"Quite simply, I want to take a stake in your company, and I'm sure you'll need capital too. Tan Zongqin said.

"I can't ask for it, we really need funds urgently, I don't know how much money your company plans to invest?" said Taketeru.

"Your company has not yet been listed, and I need to send a professional accountant to value your company. I can't say exactly how much to invest, but I can tell you for sure that we want 51%-60% of the shares. Tan Zongqin said.

"I need to think about it. Zhu Zhaojiang said.

"You don't have to worry about our intentions, the right to operate is still yours after the shares, and we will not meddle in any of your company's affairs. But there's one thing your company needs to do with us. Tan Zongqin said.

"What's the matter?" asked Zhu Zhaojiang.

"I'll tell you when we sign the contract, anyway, it won't hurt you. Tan Zongqin said: "Investing in Transsion is a supplement to our company, after all, the low-end market is also very important. ”

"Okay, I'll let you know when I think about it. Zhu Zhaojiang said.

said to think about it, in fact, Zhu Zhaojiang was already very excited, after all, Jiang Yan Company is a big bull in the industry.

Although the cats are not as good as Apple, they also have a fight with Samsung, and their sales are similar to those of Samsung in the world. The technical disadvantage of cats is relatively large, but it does not hinder the popularity of this brand, and it is the strongest to sell cute.

With the support of Jiangyan Company, Transsion's development speed can definitely fly like a rocket.

It's just that he has to pay more than half of the price of shares, which makes Zhu Zhaojiang a little reluctant.