Lenovo is on fire, and Sima Nan's video makes Lenovo the focus of national attention. In fact, Sima Nan is not aimed at Lenovo, but at the management of Lenovo. Lenovo Group's goodwill of more than 30 billion yuan is now higher than net assets, while the asset-liability ratio is more than 90%, as well as the sky-high annual salary of executives, etc., which are very big problems. Sima Nan also made the video to give the industry a warning, hoping that there would be no such thing as a real estate giant.
Lenovo's reputation in recent years has really become worse and worse, not only at the product level, but also with the personal problems of executives. Recently Yang Yuanqing and Musk a few years ago an interview conversation was dug out, Yang Yuanqing's empty-eyed attitude in the dialogue really makes people feel very ridiculous, and then look at Tesla, which has a market value of more than $1 trillion today, and then look at Lenovo Group, which has a market value of less than 100 billion Hong Kong dollars, Yang Yuanqing does not know what to think.
Lenovo's asset-liability ratio has been rising in the past few years, and now its total liabilities have exceeded 200 billion, of which more than 70% are accounts payable, that is, arrears to suppliers.
In fact, Lenovo Group came to this day, and Lang Xianping had already predicted. Saying that Lang Xianping is an economist may not be recognized by many people, but Lang Xianping still has some level, especially at the business level, he still has a high level of cognition. Lenovo Group's $2.9 billion acquisition of Motorola Mobility in 2014 caused a huge stir at the time.
At that time, Lenovo Group had high hopes for the acquisition, hoping that Motorola Mobility could help Lenovo achieve an outbreak in mobile phones. But now 7 years later, Lenovo's mobile phone business has been almost forgotten, Huawei has become a giant that can compete with Apple, Xiaomi, VIVO, OPPO are all well-developed companies. The China Cool Union at that time is now Huawei's development.
Lenovo was once placed high hopes by the Chinese people, but now Lenovo Group has a lot of problems in operation, and there is nothing to do in scientific and technological innovation, and many netizens are even more ridiculed lenovo Group's annual research and development of 10 billion yuan invested in how to develop the chassis better.
When Lenovo Group acquired Motorola, Yang Yuanqing said that he was very excited, but Lang Xianping said on the show that he was very familiar with Lenovo Group, and many vice presidents of Lenovo Group had been his students, and at that time he commented that Lenovo's acquisition of Motorola was to buy a broken building without windows.
$2.9 billion was not a small amount in 2014, when JD.com's market capitalization was about $20 billion. Geely's acquisition of Volvo was only 1.8 billion euros, and now Volvo is ready to go public, with a market value of about 30 billion euros.
Why does Lang Xianping say that Motorola is a broken building without windows? In fact, people know that at that time, Motorola had passed its peak, and at that time, the rise of smart phones, the most influential in the market at that time was Apple, Samsung and HTC, and the bosses of Motorola and Nokia's two feature phones were already not good.
However, what is surprising is that under such circumstances, Lenovo Group is still willing to spend $2.9 billion to acquire Motorola. So what did Lenovo Get in the end? Because of this acquisition, Lenovo Group began to lose money in 2016, and once fell into a huge loss.
It wasn't until the last two or three years that it turned a profit. In fact, the acquisition of Motorola did not make Lenovo Group's mobile phone business develop, but dragged down the company's financial situation. At that time, Lenovo Group had acquired IBM's PC business with a small and broad and successful one. In 2014 Lenovo wanted to replicate that success.
In fact, we can all see the problem, Lenovo Group executives may not be able to see, so why are they willing to buy? Lenovo group has always had a problem, that is, executives have always wanted to grow a global company. Yang Yuanqing once said that we are not a Chinese company, we are a global company. Yang Yuanqing has also said countless times that he should be a model for the globalization of Chinese companies.
In fact, Lang Xianping also said that Lenovo Group's acquisition of Motorola is this kind of pathological psychology, believing that the acquisition of American giants is the label of globalization. In fact, the real globalization is not who buys whom, but your products are really leading the world, then the world's countries will naturally come to buy your products. Look at Apple, look at Huawei, isn't that what it is.
Lenovo Group has done so many years of computers, have not been too clear, speaking of Lenovo computer now what core technology, really no one knows, Huawei now has what everyone knows, Huawei has the global leader of 5G technology, Huawei also has its own Kirin chip, in addition to Huawei also has Hongmeng system and so on.
What Lang Xianping said was very correct. When Lenovo Group went to buy Motorola, it proved that they were not a down-to-earth company, and if $2.9 billion was invested in research and development, wouldn't it be fragrant? In fact, even if your share is the largest, but your system is Microsoft's, your chip is Intel's, what is the value of this?
The problems that Sima Nan said will not be discussed for the time being, but Lenovo Group, as a company from the Chinese Academy of Sciences, has almost no great achievements in scientific and technological innovation, which is really sad. No wonder Ni Guangnan said that Lenovo's greatest achievement is to create a large number of rich people.