Chapter 269 HKEX's rejection

Steve Jobs was the leader and pillar of Apple, but his illness had reached the point of no return. At this product launch, Cook firmly disagreed with Jobs on stage, but the stubborn Jobs still took the stage. Pen & Fun & Pavilion www.biquge.info

Jobs is like this, Cook is clear why, because this is the last time he released an iPhone. Examinations at the hospital showed that Jobs had reached the last moments of his life and could die at any time. In fact, immediately after the press conference, Jobs was rushed to the emergency hospital, causing a panic at Apple, even Apple's board of directors, which has always liked Jobs more worriedly.

Although Apple deliberately covered it up, Jobs's hospitalization was still reported by the American media. You must know that when the American media with vast powers chase this kind of news, they have much more means than the Chinese media.

"Steve Jobs dies after press conference!"

Before the results of the hospital came out, the American media had already published such a report, and for a while, the news of Jobs's death spread all over the world, and even Lu Yang, who was hiding from reporters in China, knew about it.

"Jobs is dead?" Lu Yang was a little surprised, and a little emotional, he had already expected this result. With the support of his terminal cancer to this day, and the development of the iphone 5 that competes with the "Starry Sky 3", Jobs has done things that ordinary people can hardly imagine. Judging from his performance at the press conference, this is already a terminally ill old man, and he has completely lost his previous sharp momentum.

Lei Jun, who has been paying attention to Apple's press conference, also got the news for the first time, but Lei Jun didn't believe in the death of Jobs, because Apple has not confirmed it, and the American media has countless antecedents in spreading rumors.

"Boss, if Jobs is really dead, I'm afraid there will be some variables in the competition between the iphone5 and the 'starry sky 3' this time." Lei Jun thinks obviously differently from Lu Yang, and Lei Jun also has some sympathy for Jobs, an opponent, but Lei Jun also knows that Jobs's role in Apple is not as great as the media exaggerates.

As the president of Tianxin Electronics, Lei Jun himself deeply understands that for companies like Tianxin Electronics and Apple, a good leader is important, but the success of the company depends on the strength of the collective. Even without Lei Jun, Tianxin Electronics can still dominate, and without Jobs, Apple is still the most innovative company in terms of market capitalization.

"You're saying that Apple will use this as a promotional point to market the iPhone 5?" Lu Yang couldn't believe it.

Lei Jun nodded, and at the same time was thinking about how to deal with the competition with the iphone5.

"Wouldn't it, just after Jobs died, Apple would dare to consume him?" Lu Yang shook his head.

Lei Jun said: "Boss, you also think too highly of Apple's executives' festival, I am sure that once Jobs really dies, Apple will definitely promote the iphone5 as Jobs's posthumous work, and there will be no shortage of activities to commemorate Jobs, they will release "The Biography of Jobs", make Jobs movies, including the previous iPhone4, iPhone4s, etc., will be used for publicity! ”

"I have to admit that what you said makes a lot of sense. This time the iPhone5 is menacing, if you add the name of Jobs's posthumous work, the sales will definitely far exceed the iPhone4S, it seems that Apple is really about to break out. Lu Yang praised that since the iphone4s, Apple's performance has been getting better and better, and for a period of time before, the sales of iphone4s have been very close to the 'starry sky 2s', which really made Lei Jun nervous for a while.

Lei Jun nodded: "We're 'Star 3' on the day of its release with more than 1.5 million orders, a record I believe the iphone5 will never reach, and the real confrontation depends on the listing." ”

For the "starry sky 3" and iphone5 competition, the outside world described as the king of smart phones, in this regard, Samsung said very unconvinced, this year Samsung's smartphone sales are growing rapidly, the annual sales are expected to exceed 90 million, in addition, Samsung Electronics' feature phone sales have been close to Nokia, this year is expected to reach 230 million units, whether from the current sales or from the growth rate, Samsung has a trend to challenge Tianxin Electronics and Apple.

In July this year, Samsung released the GalaxySII smartphone, as of the "Star 3" and iPhone5 before the release, the global sales of GalaxySII have exceeded 5 million, this achievement is nothing in Lu Yang's view, but it is a huge encouragement for Samsung, which seems to indicate that Samsung Electronics has the potential to compete with Apple in the high-end mobile phone market and Tianxin Electronics.

The performance of the iPhone 5 did not disappoint Jobs, and the global order volume exceeded 1.2 million on the day of its release, although it was not as good as the "Star 3", but it was also Apple's best record. And this time it is very breakthrough that the number of orders from Huaxia far exceeds the previous one, which makes Apple CEO Cook overjoyed, and Apple has been coveting the huge smartphone market in Huaxia for a long time, but because of the existence of Tianxin Electronics and the Wisdom Alliance, Apple's development effect is not obvious, accounting for less than 5% of the share.

In today's Chinese market, the wisdom alliance accounts for 63% of the share, compared with last year, the downward trend is obvious, and the market share of Android mobile phones has expanded, reaching 31%. According to the data of the first half of the year, this year's Huaxia smartphone shipments will exceed 100 million units, of which, the "starry sky" series accounts for about 40%, compared with the past, the share has declined significantly, but thanks to the rapid growth of international market demand, the sales of "starry sky" series of smartphones this year will also hit a new high, as of the third quarter, "starry sky 1", "starry sky 2", "starry sky 2s" total sales have exceeded 120 million units.

The success of the iPhone 5 orders in China stimulated Cook, and then Apple began to advertise frantically in China. At the same time, Jobs' condition continued to deteriorate, and the hospital diagnosed that he had only two to three months at most.

In addition to the competition between "Star 3" and iphone5, the most high-profile event is the listing of Tianxin Electronics. According to Lu Yang's previous plan, Tianxin Electronics is expected to be listed in May 2012, and the relevant information has been submitted to the Hong Kong Stock Exchange.

For the listing of Tianxin Electronics on the Hong Kong Stock Exchange, the people of Hong Kong City must be extremely welcome, whether it is Tianxin Group or the outside world, they are very optimistic about this listing. According to the valuation of investment banks, before the listing next year, the market value of Tianxin Electronics will exceed 200 billion US dollars, and the IPO financing scale will also exceed 20 billion US dollars, close to 160 billion Hong Kong dollars, becoming the largest IPO transaction in Hong Kong. Moreover, if Tianxin Electronics is successfully listed, it will also be a shot in the arm for the weak new stock market in Hong Kong City.

However, in the cooperation between the two sides, there were problems.

The current "Listing Rules" of the Hong Kong Stock Exchange adhere to the principle of "equal shares and equal rights", but Lu Yang wants to implement a partner system similar to that of Alibaba Group, so that no matter how the equity is distributed in the future, he can ensure that Tianxin Electronics controls his hands. At this point, the two sides clashed.

"Mr. Lei, judging from the current situation of Tianxin Electronics, there is no need to adopt the partnership system at all." In order to promote this cooperation, Li Xiaojia, chairman of the board of directors of the Hong Kong Stock Exchange, personally went to Fuhai to interview Lei Jun.

Lei Jun actually didn't understand why Lu Yang did this, but it didn't prevent him from carrying out Lu Yang's orders.

"Chairman Zhou, this plan is determined by President Lu of our group, and it is our basic principle, which cannot be modified. For the listing on the Hong Kong Stock Exchange, we Tianxin Group have great sincerity, and we also hope that you can do special things, which will be beneficial to both of us. Lei Jun responded.

Li Xiaojia is very embarrassed, although he hopes that Tianxin Electronics can be listed on the Hong Kong Stock Exchange, but it is not realistic for him to change the rules because of this, otherwise, what will others think of the Hong Kong Stock Exchange?

Li Xiaojia knows very well that the port city has a superior mentality in looking at the mainland, and even if there have been mainland cities that have surpassed the port city economically in recent years, this mentality of the port city still exists. Even a company like Tianxin Electronics is still a mainland company in the eyes of many people in Hong Kong. If the Hong Kong Stock Exchange changes the rules for a mainland company, he doesn't have to think about it to know what public opinion in Hong Kong City will say.

As a result, the first meeting between the two sides broke up unhappily.

The request of the Hong Kong Stock Exchange was reflected to Lu Yang, and then Lu Yang held a group meeting to discuss, because the listing of Tianxin Electronics was very important, including Mark and Ronald in the United States.

"It's really strange that there are still people who refuse a company like Tianxin Electronics...... "Mark said he didn't understand it very much, but he was happy again, "Boss, since it can't be listed in Hong Kong City, it's better to go public in the United States, NASDAQ or New York, I think they will never refuse!" ”

Everyone laughed at Mark's words, from the very beginning, Mark insisted on going public in the United States, and now he finally got his chance.

Lu Yang didn't smile and asked Lei Jun: "Can't the conditions of the Hong Kong Stock Exchange be changed?" ”

Lei Jun nodded: "I have communicated with the Hong Kong Stock Exchange several times, and the other party adheres to the principle of equal shares and equal rights, and the current listing preparations have been stopped." ”

"Boss, from a financing point of view, it is more in the interest of our company to go public in the United States." Ye Wenbing couldn't help but say that he had also been in the United States and had seen too many companies staging the myth of listing in the United States.

There was no final decision at this meeting, and Lu Yang was still a little hesitant in his heart, the reason why he chose Hong Kong City was not only due to his factors, but also to external factors. After all, if it is listed in the United States, Tianxin Electronics will have to accept the supervision and accounting standards of the United States, and some people in China are not worried that Tianxin Electronics, a national enterprise, is controlled by foreign capital.

"Lao Lei, you are talking to the port city." Lu Yang said to Lei Jun.

The outside world's attention to Tianxin Electronics has never been low, and within two days, the contradiction between Tianxin Electronics and the Hong Kong Stock Exchange was reported.

"The Hong Kong Stock Exchange rejects Tianxin Electronics!"

"Tianxin Electronics may not be able to be listed in Hong Kong City!"

"The 'marriage change' between Tianxin Electronics and Hong Kong City!"

"Hong Kong Stock Exchange: Stick to the principles or compromise and back down?"

There is a flood of speculation from the outside world, the most active of which is the media in Hong Kong City. The development of the port city is actually quite deformed, a city with an area of only one-sixth of Shencheng, but its GDP is close to that of Shencheng. In the economic structure of the port city, finance dominates, and it can be said that securities speculation is a part of the life of the people of the port city.

Of course, ordinary people in Hong Kong City hope that Tianxin Electronics can be listed in Hong Kong City, which means that they have the opportunity to make a fortune, but some people don't think so. This can be seen through the media reports in Hong Kong City.

"Changing the rules to usher in Tianxin Electronics, is it good or bad for Hong Kong City?"

"Adhere to the principle and protect the interests of investors, the dream of listing Tianxin Electronic Port City is broken!"

"Chen Jiaqiang: Never change the rules!"

Li Xiaojia, the president of the Hong Kong Stock Exchange, has been working hard to promote the listing of Tianxin Electronics in Hong Kong, and even proposed conditional concessions, but this can not satisfy Lu Yang, nor can it satisfy the people in Hong Kong, so the prospect of the listing of Hong Kong City is becoming more and more bleak, and people who are familiar with this matter know that unless someone on both sides is willing to give up the concession of principle, this cooperation is bound to fail. (To be continued.) )