The mobile phone market has made another big move. Lin Shufu, who has entered the mobile phone market, is currently preparing to spend 10 billion yuan to acquire Meizu. Meizu was once the light of domestic goods, but unfortunately the decline in recent years has been serious. Meizu's annual shipments have now fallen from 20 million to 1 million now.
Meizu's merger and acquisition is almost a matter of sooner or later. Meizu's biggest value now is his team, Meizu has a very complete mobile phone team, which is very valuable for some companies that are ready to enter this market.
Nowadays, Xiaomi is doing cars, Geely is doing mobile phones, BYD is also the second largest foundry business in the country, and Huawei is also developing automotive systems. In the era of the Internet of Things, the barriers of enterprises have gradually been broken. In the future, more companies will cross borders.
After Geely announced its entry into the mobile phone market, the action was very large, and it kept digging people in many companies. Because making mobile phones is definitely inseparable from talents, Li Shufu's first step can be said to be looking for people. One by one to dig up, the difficulty is naturally very large, so Li Shufu will consider directly acquiring Meizu's team.
Of course, this time Li Shufu can take out 10 billion yuan to acquire Meizu, which once again proves Li Shufu's ambition and strength. Li Shufu can be said to be a truly invisible rich man. More than a decade ago, Li Shufu swallowed volvo for 1.8 billion euros. At that time, Volvo's strength was much stronger than Geely's.
In fact, Li Shufu took a risk to acquire Volvo. Many people don't know that Li Shufu's idea of acquiring Volvo was not a whim in 2008. Before 2008, Li Shufu had already put a lot of effort into buying Volvo, and finally made this impossible possible.
After Geely entered the auto market, Li Shufu always wanted to acquire a large automobile company to expand Geely's technology, and finally Li Shufu chose Volvo. Because Volvo had the technology, and GM had the idea of selling it at the time. But at that time, Geely was a small company. In the face of Li Shufu's several questions, GM has always turned a deaf ear.
Later, Li Shufu found the key person through multiple relationships, but several negotiations were not smooth. The 2008 U.S. financial crisis finally helped Shufu Lee. Of course, at that time, Li Shufu did not have 1.8 billion euros to acquire, and finally through the financing of multiple parties, Li Shufu was able to scrape together 1.8 billion euros.
Now that Volvo has successfully gone public, Shufu Li has achieved more than 10 times the economic return on this investment. If you consider the technical and brand help, in fact, the profit of this acquisition is certainly more than 18 billion euros.
In addition to the acquisition of Volvo, Li Shufu has made great moves in the world in recent years. Li Shufu also spent tens of billions of dollars into Mercedes-Benz's parent company, Dalem, and Li Shufu is currently The largest individual shareholder of Dalem. Geely's popularity in the world is far less than Mercedes-Benz, in the eyes of many people Mercedes-Benz is a famous luxury brand, and Geely is a domestic brand. Li Shufu's stake in Mercedes-Benz changed the impression of Geely in the eyes of many people.
Of course, compared to the risk of 1.8 billion euros to buy Volvo many years ago, when Li Shufu spent tens of billions of dollars to buy a stake in Dalem, he was completely different. Geely has grown into a company with annual profits of between billions and tens of billions at this time.
Li Shufu and Wang Chuanfu are the double blessings of China's automotive industry, and the two are also leaders in China's automotive industry. Wang Chuanfu is more good at technology research and development, li Shufu is good at capital operation, the two people have their own strengths, are indispensable figures in China's automotive field.
When Li Shufu was a child, his family was also very poor, and his achievements today were also self-made. At that time, Li Shufu's father only gave him 200 yuan. Li Shufu took the money and first bought a camera to help people take wild photos in the park.
After making some money, Li Shufu opened a photo studio. After making some money, Li Shufu bought a lot of discarded cameras, dismantled the components inside, and re-refined them into gold and silver to sell. Li Shufu is a very intelligent person and also very business-minded.
Later, Li Shufu cooperated with his brothers and opened a refrigerator factory together. Initially, the refrigerator factory produced some accessories, and later Li Shufu proposed to make the whole refrigerator. Li Shufu spent two years to develop, and finally launched his own Arctic flower refrigerator. At that time, the product was very popular in the north. Li Shufu also made a lot of money.
Later, because he could not get the production catalog, Li Shufu had to close the factory. At this time, Li Shufu already had a net worth of tens of millions. Li Shufu took tens of millions to Shenzhen to start a business, and then went to Hainan. In Hainan, Li Shufu once lost tens of millions of dollars because of his investment in the real estate market.
At that time, Li Shufu was not yet 30 years old. He did not lose heart, but regrouped. Li Shufu returned to his hometown, continued to cooperate with his brothers, and continued to open a decoration material factory, which was successful, after which Li Shufu opened a motorcycle factory and then entered the automotive industry. Li Shufu is definitely a legendary entrepreneur in China.