Regarding Mr. Ren, there is a joke inside Huawei:

Mr. Ren's first car was a second-hand Peugeot. In the summer of 1998, in order to accompany ibm president Gerstener, he specially replaced a brand new BMW.

President Ren personally drove on the streets of Shenzhen City. He opened the sunroof and the speaker was very loud, quickly surpassing Gestner's car, and turned his head and shouted, "Have you driven a BMW?"

Gerstener: "?"

Mr. Ren asked again: "Have you driven a BMW?"

Gerstener: “…”

When asked the third question, Gestner finally responded: "What the hell do you want to say?"

Mr. Ren asked: "Where is the brakes of BMW?"

Regardless of the authenticity of this joke, the time and background of its occurrence was indeed in the summer of 1998.

In 1997, Huawei's annual sales exceeded 8 billion yuan. Due to the rapid expansion of the company's scale, organizational management problems became more and more serious, internal departments were fed up, inefficient and excessive waste. Mr. Ren had no choice but to do this, so he personally led a team to the United States to learn from the scriptures.

After inspecting American companies for many years, General Ren decided to take ibm as his teacher.

ibm agreed to accept the student, but the tuition fee was 2 billion yuan... This is not a joke, it is true. At the end of 1997, Mr. Ren did not bargain and directly agreed to the sky-high tuition fee of 2 billion yuan!

How is the tuition fee of 2 billion yuan calculated?

From 1998 to 2003, ibm sent 70 senior consultants to Huawei, with each person charging between US$300 and US$680 per hour. Together with round-trip air tickets, accommodation, and other expenses, it will cost 2 billion yuan in five years.

Perhaps it was because of Mr. Ren's unblocking attitude that won the respect of President ibm. Gerstener actually came to China in person this year and taught Mr. Ren to deal with some problems step by step.

For more than ten years since then, Huawei has been learning ibm, from management to R&D to fully ibmize.

ibm's president Gestner is also a ruthless person. He was ordered to serve as president in the face of danger and completed the comprehensive reform of ibm in just five years, using more than 8 billion US dollars in severance payments, laying off 150,000 employees, and laying off more than one-third of the total number of employees. In his hands, ibm's annual sales increased by US$10 billion and its stock market value increased by 4 times.

Today, Huawei's capital flow is extremely tight, but the 70 consultants sent by ibm have been staying at Huawei and spending an average of 400 million yuan in tuition fees every year.

Huawei's R&D expenses this year will definitely exceed 800 million yuan!

This is incredible in China in 1998. Jianlibao's market value is estimated to be about 4 billion yuan, and it has firmly ranked first in the beverage industry. Huawei's consulting fees and R&D expenses this year are 1.2 billion!

Song Weiyang is very awesome, but his personal assets are just a little brother in front of Huawei.

Of course, with the rapid development of Shenzhou Technology Company, Song Weiyang will not be dumped too far. Xiaolingtong is like a money printing machine, which makes the total assets of Shenzhou Technology Company change every month, and is now valued by the investment company by 3 billion yuan.

...

Shenzhen City.

When Song Weiyang saw Mr. Ren, the other party looked tired and forced himself to shake hands with him.

"Hello, Boss Song, welcome!"

"Just Mr. Ren calls me Xiao Song, you are a senior, I am a junior."

Mr. Ren rubbed his face, seemed a little energetic, and smiled and said, "Then I will rely on my seniority and call you Xiao Song. I'm sorry, I just came back from a business trip this morning and only slept for two hours. I'm still a little sleepy now."

Song Weiyang said: "Why do I come back in the afternoon and you can sleep for a while?"

"No, I'll just have to drink a few sips of tea." Ren Zong said.

Song Weiyang didn't say nonsense and asked directly: "Huawei's funds are very difficult?"

Mr. Ren said: "We can hold on for a while and wait until the GSM R&D project results, we can recover funds in the market."

In fact, it is useless to achieve results.

Because from the day Huawei started developing GSM technology, it has faced a comprehensive encirclement from foreign companies. Huawei's GSM technology will be the first to achieve the end of this month, but it cannot be sold at all. Foreign companies' monkey-style price reduction is one aspect, and more importantly, they are using tricks, which makes Huawei unable to accept orders for half a year, including orders for landline devices.

Until next spring, General Ren asked his friend to directly find the central leadership and conveyed his opinions. The general meaning was: "Now there are many false accusations from Huawei, and there are rumors about Huawei in society. Please ask the central government to investigate Huawei immediately. If the situation is true, I plead guilty and I can go to jail. If the situation is not true, please help Huawei clarify, we can no longer hold on."

The Central Committee quickly set up an investigation team, and after more than a month of investigation, there were only some trivial problems. So two leaders of the Central Committee issued instructions to clarify Huawei's grievances, so that Huawei could receive orders normally.

Regarding those false accusations and rumors, not only makes Huawei unable to sell its products, but also makes Huawei unable to obtain loans from banks. Those foreign companies are simply using a strategy of losing their homes!

Mr. Ren is very honest and has no hiding at all. He briefly introduced Huawei's situation and said: "Huawei's GSM project has a very smooth progress in R&D. I believe that results will be produced soon. But now the funds are really tight, so financing is needed. There is great risk and great returns. Xiao Song, you must consider it clearly."

Huawei's research and development of GSM projects can be said to be difficult to get on the ground, or it can be said to be a desperate attempt.

In order to develop GSM technology with unknown prospects, Huawei directly cut off the mature technology but relatively behind the CDMA Is95 R&D team in the face of financial difficulties. Other R&D teams were also cut, or temporarily suspended. The R&D funds were insufficient, so they could only choose one of them to go to the dark.

Now he can still hold on. In another two or three months, Ren Zhu really wanted to jump off the building. In order to alleviate the financial pressure, he fooled his employees' salaries to deposit them into the company's internal bank and deceived his employees' dividends and bonuses to buy company shares because he could not get a penny from the outside.

In history, Mr. Ren has found many companies to attract investment. But with rumors flying everywhere, everyone feels that Huawei is going bankrupt, who dares to invest?

Song Weiyang said: "I don't have much money."

Mr. Ren said: "Huawei has no bad debts, and its finances are normal, but it just lacks working capital."

Song Weiyang said: "I personally made a profit in Hong Kong City. I converted it into RMB. I still have about 50 million (I borrowed tens of millions to buy Xifeng's original shares for senior executives such as Chen Tao). Taurus Capital can also mobilize 80 million to 100 million funds for investment at any time. It is not enough, Shenzhou Technology Company can also invest money. How much does Ren Zong need? I will help you."

This is very beautiful, but in fact, Song Weiyang values ​​Huawei's development prospects.

But Mr. Ren didn't know that he was already moved by Song Weiyang. After running out of so many relationships and finding so many friends, he could not attract investment. On the contrary, Song Weiyang, a person who had never known each other, agreed to help raise funds without saying a word.

True love is revealed in times of adversity!

Mr. Ren thought for a while and said, "It's about 100 million."

"No problem, I personally invested 50 million yuan, and Taurus Capital invested 50 million yuan." Song Weiyang said.

After solving the financial pressure, Mr. Ren was in a good mood and asked with a smile: "Xiao Song, do you trust me so much? I believe Huawei can get out of the predicament?"

Song Weiyang asked back: "How much is Huawei's R&D expense this year?"

Mr. Ren said: "More than 700 million have been used."

Song Weiyang said: "Can you find a second company like this in China?"

Mr. Ren was stunned for a moment, then laughed and joked: "Oh, when the Telecommunications Bureau asked me to cooperate with Xiao Lingtong, I should have agreed. Now I don't have to find you to invest in."

"This is true." Song Weiyang also laughed.

Huawei is not that noble, so it would be strange if it doesn’t require backward technology.

In history, Huawei saw that Xiaolingtong had a very high profit and had followed the trend to create Xiaolingtong mobile phones. Mr. Ren may have regretted it so much in his heart.

Song Weiyang suddenly said: "By the way, Mr. Ren, I formed a Taurus Club, and the members are all industrialists. They meet regularly for three days a year and don't talk about business. They just talk about topics from all over the world and exchange their business experiences and ideas. If you feel unhappy, you can withdraw from the Taurus Club at any time. I want to invite Mr. Ren to join, but I wonder if it is feasible?"

Mr. Ren asked: "Who are there members?"
Chapter completed!