Chapter 1350 Pushing open the door to the new world (Autistic Cat Leader 910)

   The next day.

  Wu Jianmin arrived in Modu, started work handover with Chen Hong, and officially took over as CEO of Envision Financial Holdings.

This financial institution, which has been established for less than a year, has been pieced together into a financial giant with tens of billions of dollars in assets with a single transaction. With a little effort, the revenue volume will be ranked among the top five in the world. Top 100.

   It's still close, a few billion dollars.

  As the pillar business of the group, the annual revenue has reached the order of 10 billion US dollars;

  The business volume of commercial banking and investment banking is relatively small, in the order of hundreds of millions of dollars;

   also holds a 29.99% stake in Pengcheng Development Bank.

   In order to successfully acquire Pengcheng Development Bank and supplement the capital of China Bank, Xia Jingxing asked Daxia Capital, a family office, to inject a capital of US$4 billion into Envision Financial Holdings some time ago.

After the completion of the capital injection, Xia Jingxing’s cumulative investment in Envision Financial Holdings has reached US$15.5445 billion, accounting for a very high share of 99.86%.

   In addition, Envision Financial Holdings is also burdened with $20 billion in M&A financing debt, and the annual interest payment alone is nearly $1 billion.

   But you don't need to worry too much about debt, AIA's annual net profit is enough to cover interest expenses, and the equity appreciation part is equal to net profit.

   In addition, mainland premiums are not included. AIA has nearly $5 billion in net premium income every year, and this part of the money can be used to invest in stocks.

   Xia Jingxing specifically communicated with Wu Jianmin regarding the use of insurance float.

   "Two solutions!

   First, AIA serves as the LP to subscribe for the hedge funds and PE funds issued by Envision Capital, and VC funds are not involved for the time being.

   Second, AIA will strengthen the existing investment team, and the Hong Kong office of Envision Capital will recruit a group of elite soldiers to join. "

  Wu Jianmin recognized Envision Capital's investment ability very much. He nodded and said with a smile, "No matter how many people lined up to buy Envision Capital's fund, the policyholders of AIA are blessed."

Xia Jingxing smiled. Except for specific types of insurance such as wealth management insurance and participating insurance, the investment profits generated by the premiums of other types of insurance have nothing to do with the insured. The insured can only honestly receive the numbers stipulated in the insurance agreement. .

   "However, Darren, I think AIA should still set up its own elite investment team. After all, we and Envision Capital are two companies, separated by a layer of relationship."

Xia Jingxing pondered for a while, and felt that from a long-term perspective, AIA should embark on the road of self-reliance, cultivate its own investment team, and at the same time achieve the effect of diversifying investment and risk, so he happily replied: "Yes! It's up to you to handle the matter, and Vision Capital will fully assist you."

   "Then I want to ask you for a few generals!" Wu Jianmin smiled.

   "No problem, everyone is their own, so it's considered an internal transfer."

  Xia Jingxing explained to Wu Jianmin, and then entrusted all the daily management power of Vision Financial Holdings to the other party.

  …

  …

   After dealing with Yuanjing Financial Holdings, Xia Jingxing took a plane to Pengcheng.

  Li Ying and the executives of the smart home appliance business group have all gathered in Pengcheng at this time.

   After several years of site selection and investigation, the upcoming subsidiary Fuxing Zhijia decided to settle in Pengcheng.

Jingcheng is the headquarters of the parent group Fuxing Industry. Although there are a lot of talents, and a large park that can accommodate 100,000 people to work at the same time is planned to be built, all household appliance brands under Fuxing Zhijia are located in the south, and are concentrated in the Yangtze River Delta and the Pearl River Delta. So I had to move house.

  Xia Jingxing and Li Ying thought about it for a long time, and secretly compared the sincerity of the officials in various places, and found that Pengcheng was the most suitable.

   First of all, Guangdong Province accounts for four of its six major home appliance brands, namely Skyworth TV, Kelon Air Conditioner, Rongsheng Refrigerator, and Xiaoxiong Small Appliances.

  Supor Kitchen Appliances is located in Lin'an, Zhejiang Province, while Little Swan Washing Machine is located in Xicheng, Jiangsu Province, neither of which is suitable for headquarters.

  Secondly, Midea and Gree, the main rivals of Fuxing Zhijia, are both in Guangdong Province, and it is good for everyone to gather together to play mahjong... Oh, no, it is to give full play to the advantages of industrial clusters.

   In the end, the government in Pengcheng was more generous and decided to grant a piece of land to Fuxing Smart Home Appliance Group in Longgang as a research and development base for its headquarters.

   At the same time, as a first-tier city and a technology city, Pengcheng is also more convenient to attract talents to join the company.

  After completing this round of industrial distribution, the industries of Fuxing Industrial Group are basically divided into three geographical sectors. The Beijing-Tianjin-Hebei, Yangtze River Delta and Pearl River Delta are exactly the same as the domestic economic activity, which is also the general trend.

  Xia Jingxing followed a group of executives to Longgang to inspect a circle of headquarters under construction. The site was a busy construction site with hundreds of thousands of people working in full swing.

   This headquarters base was developed by Shun Chi Real Estate. Now, the entire group's office buildings, factories, employee residences, children's schools and other real estate projects have been handed over to Shun Chi Real Estate for unified development, management and operation, saving a lot of costs.

  Especially its property management company, which is highly praised by the company's employees. Xia Jingxing is wondering whether to export advanced property management experience to the outside world. Shunchi's property management personnel will not hit the owners or takeaways.

   After inspecting the completion site, Xia Jingxing followed the executives back to the Skyworth Building located in Nanshan Science and Technology Park. This building, which was built a few years ago, was contributed by the Sun Company Skyworth and temporarily served as the headquarters of the sub-group.

Sitting in the bright and spacious conference room, Xia Jingxing glanced at the Fiyta Building not far away. He really wanted to go to Xiaoma to stop at the door, but he was worried that he would hit people with an ashtray, so he finally gave up the idea of ​​coming as a guest. .

  Xia Jingxing turned his gaze back to the executives sitting on both sides of the long table, and swiped across the faces of seven CEOs, including Li Ying, CEO of the sub-group, Zhang Xuebing, CEO of Skyworth, and Li Yifeng, CEO of Little Bear.

  Fuxing Zhijia started from nothing. It has been almost four years since the acquisition of the first electrical appliance company Supor.

  Li Ying was originally hired by him to do PE funds, but turned out to be the head of an industrial group, and now she has developed into a female entrepreneur who is as famous as Miss Dong.

   From the perspective of developing industrial capital, it does not deviate from the line of use of Li Ying.

   In the past few years when she took over Fuxing Zhijia, she has acquired six home appliance brands. Except for Xiaoxiong Electric, which is an early start-up company, the other five brands are all affiliated to four listed companies.

After Li Ying's integration, these second-tier home appliance brands that were in trouble and almost went bankrupt were revived. They also took advantage of the home appliance going to the countryside and entered thousands of households. In terms of shipments, they have greatly narrowed the gap with Haier and Gree. The gap between these first-line brands.

At the same time, after a series of transformations such as brand remodeling, streamlining of management ranks, and integration of sales agency channels, the five companies and six brands are no longer a piece of cake like in the previous two years, but have truly become one company. company.

Most of the original founders and executives of the six brands have resigned. Except for Li Yifeng, the founder of Bear Electric, and Zhang Xuebing, the CEO of Skyworth, the rest were gradually replaced by Li Ying.

   This is also an inevitability. A company will not tolerate so many hills.

Li Yifeng was retained because when the company was acquired, the company was relatively small and could not be said to have much influence. At the same time, the other party really had a hand in operating creative small household appliances. The company that acquired him at that time was also mainly It's because of his personal talent.

   Zhang Xuebing's backstage is Huang Hongsheng and his wife. The couple are minority shareholders of the parent group. In addition, Zhang Xuebing has done a good job in the past two years, and he has not shown any senior qualifications in front of Li Ying, so he is still in charge of Skyworth.

   In the past two years, Fuxing Zhijia has only relatively controlled most of its home appliance brands, and there are still a large number of issued stocks that are traded in the securities market.

   This has caused certain obstacles to the capital integration road of Fuxing Zhijia. The cooperation between brands cannot be absolutely free, and many problems such as accidental transfer of interests and infringement of minority shareholders’ rights and interests must be avoided.

  Li Ying once proposed a plan to privatize all the four listed companies of Skyworth, Supor, Little Swan and Kelon in one go, so as to achieve 100% control and get through the last level of brand integration.

However, in the first two years, Fuxing Industrial Group did not have any extra funds to support this grand plan. The remaining funds were all closely related to mobile phone research and development. Xia Jingxing’s overseas financial investment was also seized, so this plan has been delayed. Li Ying You can only increase your stake in listed companies on a small scale.

   But with the tens of billions of dollars invested in Fuxing Industry by Xia Jingxing this year, the entire group suddenly became rich, and Fuxing Zhijia also received a large amount of cash.

   As a result, Li Ying completed four privatization cases of listed companies in succession in the past few months, abolishing one Hong Kong stock shell and three A-share shells, and was recognized by shareholders as "the first prostitute of A-shares".

   Today, Fuxing Zhijia has 100% control of its six major home appliance brands, so Xia Jingxing has also fulfilled its commitment and upgraded the home appliance business group to a sub-group.

   After thinking for a moment, Xia Jingxing finally said, "Now that the business group has completed the upgrade, what plans or goals do you have next?"

  Li Ying said with a light smile: "Currently, home appliances to the countryside are in full swing, and various manufacturers are crossing the sea in the Eight Immortals, each showing their magical powers.

   After this promotional campaign initiated and subsidized by the state that swept through countless small towns and villages in China, the market pattern will be basically divided.

Although Fuxing Zhijia has exerted all its strength, it can only keep up with Gree in the air conditioner market share and Haier in the refrigerator market share. If it wants to be the first in each market segment, it is always one level behind. tone. "

  Xia Jingxing nodded lightly, "It's not bad, the brands we have in our hands are much worse than them.

  We are developing, but others are not idle. As long as the gap is constantly narrowing, it is a kind of progress. "

  Li Ying went on to say: "There is one more thing, that is, the profit margin of our products is too low, and we need to find a way to improve it."

   Xia Jingxing asked: "Do you have any solution?"

  Li Ying did not answer immediately, but pointed to the new logo of the mineral water on the table and said, "The solution is here."

   "Upgrade the brand?"

  Li Ying nodded slightly, "Yes, according to the data from the State Information Center, the market share of domestic brands in the three major products of air conditioners, washing machines and refrigerators has all been close to 50%, and it will soon complete the overtake of foreign home appliances.

Due to the strength of Gree, air conditioners have already overtaken them long ago, with domestic brands occupying nearly three-quarters of the market share.

   But a new question arises, are we really overtaking foreign home appliances? "

  Xia Jingxing keenly heard what Li Ying was referring to and said, "You mean that the market share has surpassed that of foreign capital, but the profit margin has not."

   "Yes, domestic brands currently occupy the mid-to-low-end market, and the high-end market with high profit margins. Foreign brands such as Siemens, Samsung and Panasonic still occupy a considerable market share.

   This is especially true in overseas markets!

  China accounts for 80% of the total production volume of the world's home appliance market. The products produced are exported to most countries in the world, but they can be affixed to other people's brands.

   Once a Chinese brand is posted, it will be hard to sell, no one will recognize it, nor will they recognize the quality made in China. "

  Xia Jingxing said with a smile: "Those OEM home appliances are also made by us. It's different from MadeinChina."

  Li Ying smiled slightly, "I think it's more appropriate to translate it into origin in China, or to assemble in China."

  Xia Jingxing was noncommittal, Wisdom Fruit did not put the MadeinChina logo, but AssemblyinChina.

   Or Gree understands that it is necessary to master the core technology.

   "Well, as you said, most foreign consumers' impression of Chinese products is still low-end."

  Li Ying sighed slightly: "Usually, this requires a relatively long process of cognitive transformation.

  If you want to be fast, you must use the technological functions beyond the current products to shatter the inherent cognition in their minds. "

  Xia Jingxing laughed: "Do you want to say redefine home appliances?"

   "Why not? We are already starting to transform towards intelligence and the Internet of Things. Otherwise, why is it called Fuxing Zhijia?"

  Li Ying stared at Xia Jingxing and said with a serious face: "This is an opportunity for Fuxing Zhijia to overtake in a corner, just like Fuxing mobile phone, it takes the power of conquering overseas and sweeps away the domestic heroes!

  Internationalization, high-end, intelligent, this is the next goal and development direction of Fuxing Zhijia.

  I decided to unify the brand overseas, and use the "Fuxing" brand for all home appliances. "

  Xia Jingxing's face gradually became serious and said, "Do you want to take advantage of the revival mobile phone?"

  Li Ying smiled slyly, "How can you say rubbing? We are a family from the beginning."

   Xia Jingxing heard these words so familiar, as if he had said so when he fooled others.

   "There is a certain risk in this matter. If home appliances screw up the brand, the mobile phone business may be implicated."

  Li Ying nodded lightly, agreeing with this statement, but she quickly said firmly: "But if you do it well, you will achieve each other!

  Rejuvenation appliances go to overseas markets, but they will be equipped with the Hongmeng operating system. This is a good opportunity to build a system ecosystem overseas.

  If you have a firm foothold, all kinds of devices such as cars, mobile phones, drones, tablet computers, watches, glasses, etc. can come out along this road, and then establish a unified standard.

  From the operating system to the chip, from the ecology to the global user network, they are all wrapped in the system of the revival brand.

   This is the real Internet of Everything, and all the business sectors of Fuxing Industry can truly be connected in series to become a technology giant. "

  Xia Jingxing corrected: "What kind of technology giant, we are an industrial enterprise, we only make some backward products such as pots and pans with little technical content."

  Li Ying smiled and believed in your ghost, so let's keep this to the Americans.

  Xia Jingxing was also thinking about how to make the next move.

  This step is very crucial, and it is the beginning of building the Internet of Everything.

  As a product that is used by thousands of households, home appliances are very good promotion carriers.

  IBM wanted to engage in "smart cities" and "smart planets" as soon as it came up. In fact, it was taking the initiative to increase the difficulty for itself.

  The meal has to be eaten one bite at a time, and the road has to be walked step by step.

  The world of Internet of Everything should start with the Internet of Things and smart home appliances.

   "How is the development of smart home appliances now?"

As soon as Xia Jingxing finished speaking, Li Ying raised her chin towards Zhang Xuebing, who understood and replied, "Mr. Xia, we are building the first Internet TV based on the Hongmeng operating system, and we have made significant progress so far. It is expected that this TV will be available next year. will be on sale.

   It can be controlled with a revival mobile phone, and at the same time it will also create a TV client like a mobile phone application. In the early stage, it was mainly applications such as audio-visual entertainment and games.

   After the launch of this TV, it is definitely a dimensionality reduction blow to traditional TVs! "

  Xia Jingxing showed a smile at the corner of his mouth, and finally had a bit of a taste of technology.

  Home appliances have developed for so many decades, from the original high-tech products to products with lower and lower technical content.

   But its usage scenario is still, and even sales are getting bigger and bigger, so it's not a obsolete product.

   However, due to the lowering of the technical threshold, the profit margin has also become lower, so it needs to be empowered with technology to turn it into a high-tech again.

  The term high-tech can be used in many products, and it is also changing.

   But just an Internet TV can not be called high-tech, and we have to continue to dig a moat.

  Xia Jingxing looked at the other executives present.

   "Rongsheng is going to add a smart panel to the refrigerator to integrate various adjustment functions of the refrigerator on a touch screen. At the same time, the refrigerator will also be connected to the Hongmeng operating system to realize the control of the refrigerator from the mobile phone."

   "Kelon is also developing a new type of air conditioner equipped with IoT technology, replacing the traditional remote control with a mobile phone, and at the same time realizing intelligent adjustment of temperature and humidity and air purification."

   "Little Swan is currently developing a washing machine that is remotely controlled by a mobile phone, and displays the washing progress. In addition, it can also realize the washing parameters for specific stains through the precise measurement of multi-sensors and the precise control of intelligent sensor elements."

  …

  Xia Jingxing listened to the reports of the six executives, and knew everything in his heart.

   We are still trying to conquer IoT technology. The progress of AI research and development is even slower. The controller for voice interaction, that is, smart speakers, will have to wait.

  Only when both AI and IoT technologies have made breakthroughs, can the fusion technology AIoT and artificial intelligence IoT be developed.

   However, the smart home is on the right track. It only needs to be upgraded on the basis of generations of products to make it more intelligent.

  The door of the new world finally opened a crack, revealing a glimmer of dawn.

   Two chapters have been combined into one chapter, and one chapter will be added.

  

  

   (end of this chapter)