My Age of Investment

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"Hey, Mr. Xia, how did you know that Innolux's acquisition of Chimei Electronics is nearing completion? I, a person on the front line of the industry, have never heard of it."

After chatting for a few words, Huang Dongsheng's attention suddenly shifted to obtaining intelligence.

"Haha, this is simple, you just plant a commercial spy.

When fighting, you need to know yourself and the enemy before you can win every battle. "

Xia Jingxing's eyes casually swept across Liu Hai's face. The latter's expression was as usual, showing no signs of anything strange.

This time Liu Hai returned to the mainland from the United States, not only to lead Daxia Capital to cooperate with Vision Capital to establish the Frostfall No. 2 PE Fund, but he also shouldered a secret mission - to establish the business intelligence department of Daxia Capital.

Xia Jingxing said in a joking tone: "I heard that Samsung's secretary office is very mysterious. It is a department that is above the Samsung board of directors. Even the seal of Chairman Li Jianxi is kept in the secretary office. The instructions issued by the secretary office are It is equivalent to the order issued by Li Jianxi."

Huang Dongsheng smiled and nodded, "I heard about it. I heard that it was the Military Aircraft Department and Dongchang of the Samsung Empire, founded by the first generation leader Li Bingji."

Liu Hai interjected: "To be precise, it is a management model that Li Bingji learned from the Japanese.

After the war in Japan, Ryuzo Seshima, the former chief staff officer of the Kwantung Army Headquarters and chief army and navy staff officer, became the chairman of Itochu Corporation and began to embed a staff organization into the company, responsible for collecting business intelligence, personnel arrangements, etc.

Gradually, this kind of corporate advisory organization has become a trend in Japan. Japanese chaebols such as Mitsubishi, Mitsui and Sumitomo all have such organizations.

Lee Byung-gil, who was deeply influenced by Japan, also learned from the Japanese chaebol and established Samsung's secretarial office in 1959.

Samsung employees are located all over the world, and these employees are tasked with gathering intelligence at various private gatherings and business meetings.

They summarized the intelligence they obtained to the secretary's office through the intranet single. After the seven-person investigation team in the secretary's office analyzes and processes the intelligence, they will send the information to the group's subsidiaries, or report it to the director of the secretary's office, or directly report it to Li Jianxi report.

How powerful is this business intelligence network?

When the Gulf War broke out in the 1990s, Lao Jin passed away next door, and the Toshiba incident and other information were obtained immediately by the Samsung Secretariat, its capabilities even surpassed the intelligence department of the United States. "

After listening, Huang Dongsheng was stunned and murmured: "It is really the Samsung Empire, accounting for a quarter of a country's GDP."

Liu Hai nodded, "It is precisely because of its extraordinary status in the country and its large number of industries that it is necessary to set up a "built-in family office" called a secretary office."

"Built-in family office?" Huang Dongsheng asked.

“Yes, unlike the family offices of wealthy people such as Gates and Dell, Samsung Secretariat does not separate the founder’s business from the family wealth, but places it within the Samsung system, so it is called a built-in family office.

At most, the Samsung Secretariat has as many as a dozen functional groups, each of which is responsible for different tasks.

Collecting and analyzing business intelligence is only one function of the secretarial office. It also has life and death power over many aspects of the Samsung Group.

Needless to say, the overall decision-making and strategy of the enterprise.

In addition, the secretarial office also controls the allocation of financial resources, the appointment and dismissal of ministerial personnel in subsidiaries, etc.

For example, projects exceeding 100 billion won must be approved by the secretariat. However, the investment amount that the general manager of a Samsung subsidiary has control over is only less than 10 billion won. The huge difference shows how powerful the secretary's office is.

In addition to being the brain and center of the Samsung empire, the secretary office is also like an ordinary family office. It needs to be responsible for the inheritance of the Lee family's wealth, financial capital management, the food, clothing, housing, transportation, security, etc. of the entire family.

For example, the secretarial team under the secretarial office must provide basic travel arrangements for the president, such as mobilizing concierges and security guards.

The communications team is on standby at any time, providing satellite surveillance video footage 24 hours a day so that Li Jianxi can keep track of the situation in various places. In addition, there is a security team of more than three people who will stay with Li Jianxi at all times. "

"Dear me, Li Jianxi really thinks of himself as the emperor!"

Huang Dongsheng felt that his eyes had been opened. Royal travel and security in Europe were nothing more than that.

Liu Hai smiled, "Not only that, when Samsung Semiconductor was building a factory in 1983, this internationally unknown company could not gain the trust of investors. The International Finance Group of the Secretary's Office raised a huge amount of money from overseas in the name of Samsung Group. capital.

During the Asian financial crisis, Samsung faced a hostile takeover by overseas hedge funds. Kim In-joo, the head of the financial team of the Secretariat at the time, went to lobby various financial institutions in Europe, held loan extension negotiations, and made investments with Wall Street giants such as Goldman Sachs. The negotiation successfully got Wall Street to relent, allowing the Li family to retain the right to operate the company as a minority shareholder and start working for Wall Street.

The Asian financial crisis also caused a huge debt crisis for Samsung. It was also the secretariat that withstood the pressure and criticism, laid off as many as 50,000 people, and streamlined the original 59 subsidiaries to 45.

After recovering from its injuries, Samsung rose rapidly after 2000, knocking Sony and other Japanese companies off the altar.

By 2004, the net profit of Samsung Electronics alone exceeded that of Japan's top ten electronics companies combined.

In addition, the Secretary's Office also has a legal and lobbying group, which is responsible for fighting for policy advantages for families and businesses. When this group was spun off to become an independent legal office two years ago, it already had more than 110 lawyers and 13 former prosecutors. official.

It can be said that the secretary's office plays an extremely important role in making the Samsung Empire last forever, and it is also the sharpest knife in Li Jianxi's hand. "

Xia Jingxing continued: "Samsung Secretariat was born out of the Japanese chaebol's staff organization, but it did a better job of centralizing power than the Japanese chaebol.

Japanese consortiums are more about the alliance and alliance of multiple family interests. Samsung does a better job than them in terms of refined management. "

Huang Dongsheng sighed: "I finally understand why Samsung can command hundreds of thousands of employees like a finger, and it has also defeated Japanese companies in many fields to become the world's number one.

It’s not just Japan that has fallen. The country is full and needs to be strong. Samsung itself has a very strong management mechanism, and it also has the leadership of strongman Li Jianxi.

Samsung is a very formidable opponent! "

Xia Jingxing smiled. If nothing else happens, in the fields of consumer electronics, semiconductors, home appliances, etc., Samsung will be the biggest stumbling block to the revitalization of the industry.

If Fuxing Industrial wants to take over these industries, just like Li Jianxi took it from the Japanese, it must be more ruthless than Li Jianxi!

Samsung SDI suffered losses for eight consecutive years from 1990 to 1998 before it defeated Sharp and became the overlord of LCD panels.

Seven years later, Samsung relied on its advantages in LCD technology to overthrow its former idol Sony and become the world's largest TV manufacturer.

Samsung Semiconductor started building its first memory chip manufacturing factory in 1983, and it took ten years to defeat Toshiba, Hitachi, NEC, and Mitsubishi to become the world's number one.

It took another ten years to become the world's number one flash memory chip.

Founder Lee Byung-gil never saw the day when Samsung Semiconductor became profitable until his death, because the loss lasted throughout the 1980s.

If we count from the time when Lee Byung-gil and his son first invested in a U.S. semiconductor company in 1974 and became interested in this industry, it took a total of thirty years for Samsung Semiconductor to initially complete its rise!

It took a while to catch up with the package of Plaza Accords signed by the Japanese who were living a good life. The semiconductor agreement clearly stipulated that Japan must take the initiative to increase the price of memory chips by 30%. At the same time, the Japanese government would find a way to reduce the price of U.S. The share of chips in Japan has increased to 20%.

Being born in the right place means being born in the right place. As one of the monster countries in East Asia, Bald Eagle, considering that it is still loyal as a dog, acquiesced to the country to seize the chip market share of another dog.

Of course, after all, it is still inseparable from people and people.

In 1974, the Lees and their sons used their own money to invest in the American Hancock Semiconductor Company, which was on the verge of bankruptcy at the time. At the same time, they hired a large number of Japanese semiconductor engineers to do private work in the United States on weekends and teach technology.

In the 1980s, Samsung Electronics hired a large number of Chinese people who had worked in American semiconductor companies, and paid these people 4-5 times higher salaries than the president.

The emphasis on technical talents and the desire for semiconductor technology are evident, but a large number of Chinese companies cannot do this.

In addition, Samsung has also established a research center in the United States, allowing local engineers from the United States to take turns to receive training in the United States, and then return to the headquarters in the United States to work day and night, shouting slogans to catch up with Japan, driven by national honor.

It is precisely because of the above reasons, coupled with the determination of the Lees and sons in the face of losses, and the strong blood transfusion capabilities of Samsung's other businesses, that Samsung Semiconductor finally developed.

With the two strong businesses of semiconductors and LCD panels as its starting point, Samsung has started the vertical integration of the industry chain, vigorously developing downstream products with high growth and high added value, such as mobile phones, monitors, notebooks, etc., while also vigorously developing upstream products. share core technologies and achieve the purpose of reducing costs in all aspects.

This kind of whole industry chain layout from chip research and development to end products is also imitated by Fuxing Industrial and Chrysanthemum Factory.

Facts have also proved that Samsung’s strategy is effective.

Relying on its leading advantages in semiconductors and panels, Samsung smartphones have gone crazy. Since 2010, they have been competing with Smartphone without falling behind.

In addition, Samsung has also extended its tentacles of the semiconductor industry into the field of wafer foundry, providing production capacity for Qualcomm, Wisdom, AMD, and Nvidia.

In just over ten years, it has almost caught up with Gulf Electric in the field of wafer foundry.

If the entire semiconductor business including design and foundry is combined, Samsung Semiconductor ended Intel's dominance of more than 20 years in 2017 and became the world's largest semiconductor company.

Although the gross profit of mobile phones is not as high as that of Zhiguo, it is the largest mobile phone manufacturer in the world.

In addition to semiconductors and mobile phones, Samsung also ranks first in the world in nearly 20 products such as TVs, memories, and panels.

In addition, Samsung is also the largest arms dealer in the United States and one of the three largest shipyards in the world. It can build aircraft and tanks. Famous buildings such as the Burj Khalifa, Ezhou 101, and the Kuala Lumpur Petronas Towers are also built by Samsung C\u0026T.

In addition to Samsung Electronics, the flagship company of the Samsung Group, which is a Fortune 500 company, Samsung C\u0026T and Samsung Life Insurance are also among the Fortune 500 companies.

Founded in 1938, this small workshop originally exported fruits, vegetables, and dried fish to the Northeast. After 70 years and the joint efforts of three generations, it has become the anchor of the country's economy.

Since there is no overall listing, the country's capital market is not very good, so the market value of the three Fortune 500 companies listed under Samsung is not too high, but the revenue, net profit, and net assets are very huge figures.

Facing such an opponent, Xia Jingxing was actually a little afraid.

After all, what he has to deal with is not a Samsung, but the country behind it... the country!

If Samsung and LG are knocked out of the world and several pillar industries are eliminated, the developed country status that Chinese people are proud of will be in jeopardy.

Of course, at present, there is still a huge gap between China Renaissance Industries and large consortiums like Samsung.

However, except for the aerospace business group that cannot take off in the short term, the other six sub-groups and business groups under the Fuxing Industrial Group are all companies that are expected to achieve annual revenue of 100 billion and hit the world's top 500 companies.

In addition, even if Facebook and Tesla are not included, Envision Financial Holdings, Ali, Hainan Holdings, and Beijing West are all candidate seeds for the top 500.

Vision Capital is currently still making money in the financial market, undertaking the task of transfusing blood for the revitalization of industry.

Daxia Capital also holds more than 20 billion US dollars in cash and short-term investments.

If all the equity assets held by the company are listed and securitized, or sold for cash, it might not be possible to compete with Samsung.

Of course, many layouts have not yet been completed, or have just been completed, and have not had a certain amount of growth time. Xia Jingxing still does not want to completely break up with Samsung for the time being.

However, he knew in his heart that sooner or later there would be a battle and it was unavoidable.

Therefore, he is already making preparations in a planned way to decouple from Samsung and fight against Samsung.

Samsung has a secretary's office, so he naturally has to establish a "Jinyiwei".

Thinking of this, Xia Jingxing glanced at Liu Hai. Recently, he had been discussing and planning the powers of Daxia Capital with Liu Hai.

Liu Hai has thoroughly studied the Samsung Secretariat and hopes to establish a similar organization in Fuxing Industrial.

This request was rejected by him.

Because the national conditions are different, it is impossible to be as unscrupulous as Samsung. For example, lobbying groups are very dangerous.

However, he still followed some of Liu Hai's suggestions, such as adding auxiliary departments such as a business intelligence team, a think tank team, and a geopolitical analysis team to Daxia Capital's original management framework.

In other words, Daxia Capital has added some new functional departments in addition to its original responsibilities such as life steward and financial steward.

These newly established functional departments all have one thing in common, the purpose is to make the industrial sectors under their control develop better and be more competitive, while consciously avoiding various risks.

The current opinion given by "factory guards" is not to rush to fall out with Samsung, not only because Fuxing Semiconductor is not ready yet, but it can also easily push Samsung into the hostile camp of Android, such as Windows Mobile.

In addition, the factory guard also learned that Google's mobile operating system is about to be released. This is by no means good news for Android, which has not yet achieved market share advantage or ecological advantage.

At present, a large number of mobile phone manufacturers are still making bets on both ends or even multiple ends. The birth of Google's operating system means that mobile phone manufacturers have another choice.

Before you become an uncle, you really can't show off.

In addition, Futukang Lao Guo has been jumping up and down recently, and it seems that he wants to unify the Yizhou system.

However, Futukang did not give up face by saying that it would no longer OEM mobile phones for Fuxing.

Therefore, the response advice given by the Daxia Capital Think Tank is that there is no need to rush to break up the relationship. It will not be too late to complete the decoupling after the revitalized digital industry develops.

In addition, all orders for Honor mobile phones have been decided to be sent to BYD and Wingtech Technology, while Foxconn has not received any orders.

Yizhou manufacturers, like Bangguo manufacturers, are also a stumbling block on the road to the rise of revitalized industry.

In areas where Fuxing Industry cannot achieve self-sufficiency, it tries its best to give priority to local suppliers and squeeze out Yizhou, Bangzi and Japanese suppliers.

If local suppliers are not strong enough, they should take fewer orders and accept investment support from Fuxing Industrial Investment.

The think tank also gave Xia Jingxing a piece of advice: Don't be too tough in the industrial war, but know how to pull one faction to fight and isolate one faction.

At present, Japanese manufacturers are already somewhat weak, and they have lost their ambition to compete for hegemony. They are people who can be united. If they have a good relationship, they can still go shopping for good things.

However, Yizhou manufacturers are weaker than Bangguo manufacturers and are the easiest to defeat and eliminate, so they are priority targets.

Bangguo manufacturers are not that easy to defeat and can be dealt with later.

European and American manufacturers, mainly in the field of semiconductors, are not in conflict with each other for the time being and do not have much competition with Fuxing Industrial. A complete rupture will not be conducive to Fuxing Industrial's overseas operations.

“When is the Honor phone going to be released?”

Xia Jingxing suddenly turned to look at Zhu Zhaojiang. This general had lived up to his expectations and finally developed the first-generation Honor mobile phone before 2010.

"The initial plan is to put it on the 11th of next month. Don't young people like to celebrate this festival? We can just take advantage of the popularity and do some marketing.

In addition, Ahri planned to hold a shopping festival on that day and invited Honor phones to participate. "

Xia Jingxing nodded slightly, "Okay, let's leave it to that day.

Oh, by the way, Hainei.com plans to do some activities recently to increase user activity.

I will let them purchase 100,000 mobile phones as event gifts, which can be regarded as support for Honor mobile phones. "

Upon hearing this, Zhu Zhaojiang was overjoyed, "This is great, we guarantee to sell the phone to Hainei.com at the lowest price.

Um...Mr. Xia, does Facebook still allow group purchases of mobile phones? "

Xia Jingxing glanced at Zhu Zhaojiang, who looked fawning, and said angrily: "What are you thinking, Americans are short of money?"

Looking at Zhu Zhaojiang who was scratching his head, everyone around him smiled.

Lin Bing said with a smile: "There is no rush. Once the Honor phone is launched in China, we can then use the sales network of Fuxing Phone to enter overseas markets."

"Okay, then take your time."

Zhu Zhaojiang smiled. Honor mobile phones now belong to Fuxing Electronics Group. His immediate boss is Lin Bing. There is no need to worry about the other party favoring one over the other.

Xia Jingxing watched the conversation between the two with a smile. The Honor phone was a sharp sword. After being put into the mobile phone market, it should cut the feature phone manufacturers bloody.

This is what he hopes to see. It doesn't matter whether he makes money or not. He should first increase the coverage of smartphones, and at the same time stimulate the growth of the domestic mobile phone industry chain, and provide milk to his biological sons and godsons, including Spreadtrum and Wingtech.

Zhang Xuebing, who had been watching silently and silently, suddenly said: "Mr. Xia, I have some bad news here."

As soon as these words came out, they immediately attracted the attention of everyone including Xia Jingxing.

－－－－－－Digression－－－－－

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

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