OFweek Smart Home Network News In the past two days, the hottest news in home appliances circles is Jia Yueting's withdrawal and Li Dongsheng's progress.
Jia Yueting no longer serves as the general manager of LeTV. Li Dong has become the largest shareholder of TCL Group. One retirement and one step forward is to break through the current predicament and open up new growth space.
They are the male gods of the color TV industry. They use the “content + hardware†internet game to make their name in the color TV industry. The other uses the industry chain to create the first panel and complete machine that can open TVs and mobile phones in China. Upstream and downstream industry chain companies.
They all dared to take risks. Old Jia played ecology, played seven subsystems, from film and television, sports, color TVs, mobile phones, automobiles, video websites, to finance; Lao Li had successively carried out Thomson color TV and Alcatel mobile phones in the international arena. The M&A project, in 2009, joined hands with the Shenzhen government to invest more than two billion yuan in the “three-high†(high-tech, high-input, high-risk) panel industry.
They all have the heart of the world. One Apple who wants to create China is known as Jabbes. Another Samsung, who wants to create China, is determined to penetrate the industry chain. After the panel, it will also lay out in the chip field.
They all have their own immediate difficulties. Jia Yueting's expansion is too fast and the capital chain is tight. Therefore, he has to withdraw, transfer part of the equity and no longer serve as the general manager of the listed company. Let's take the ecology as a subtraction and focus on the core business in order to improve profitability; at the same time, standardize corporate governance and avoid the funds of listed companies. Was diverted again.
What Li Dongsheng has to face is that TCL has been hovering around 100 billion for three consecutive years. How can we get to a new level? Therefore, he wants to enter, through the signing of a concerted action agreement with two employee partnerships, from the actual controller to the largest shareholder, to strengthen corporate control, improve decision-making efficiency, and prevent hostile takeovers.
Jia Yueting and Li Dongsheng also have an intersection. In order to accelerate the Internet transformation of subsidiary TCL Multimedia, Li Dongsheng handed out an olive branch to Jia Yueting two years ago. Jia Yueting is also optimistic about TCL's China Star Optoelectronics panel resources and TCL's color TV production capacity. In December 2015, LeTV signed a stake of 2.21 billion Hong Kong dollars to TCL Multimedia 20.1%, becoming the second largest shareholder of the company. So far, LeTV has two non-executive board seats in TCL Multimedia.
However, old Jia did not help Cheng Lao Li. TCL Multimedia this spring, in cooperation with Ali, Tencent, established the Internet TV sub-brand Thunderbird, it is said that LeTV's help TCL Internet TV's boot advertising is not divided into TCL as planned. The main OEM manufacturer of LeTV is not TCL, but TPV.
It's up to you to grow. When Li Dongsheng was suffering from the pains of international mergers and acquisitions, he rethought himself in 2006 with the article "Eagle's Rebirth", arousing the fighting spirit of TCL's internal staff and rekindling the team's passion. After eight years, TCL stood on the scale of hundreds of billions of dollars. Nowadays, how to win the battle of the transition of the Internet and the battle for internationalization requires the rebirth of the hawk again.
Jia Yueting also rethought at the end of last year that his expansion was too rapid and the chassis was unstable. In terms of the balance between the desire for expansion and the reality of survival, Jia Yueting needs to be more rational. Now he said that after retiring as general manager of LeTV, the listed company, he will devote more energy to LeTV, and the electric vehicle industry is still in the stage of burning money.
Entrepreneurs and enterprises are like people. They have the impulse of adolescence and they also have a calm period of maturity.
Jia Yueting, who often puts “subversion†and “eco-negative†on his lips, may have to move from impulsive to calm. Sun Hongbin invested more than 15 billion yuan to ease the financial chain pressure of LeTV, but it is not unrequired. Jia Yueting can no longer chaos like money before, otherwise it may be necessary to further dilute equity. When the time comes, “LTV may be surnamed Jia or surnamed Sunâ€, I am afraid it is no longer a false proposition. The example of the introduction of a savior and eventually a mountain that could not accommodate two tigers was once performed at NVC Lighting.
Li Dongsheng, who has always been calm, has to bring in teams to rekindle the passion of youth and let the one hundred billion enterprises have flexible bodies. TCL needs to break through from smart and internet applications, and TVs can only overtake the curve and catch up with Samsung and LG. The so-called Internet thinking is ultimately the user's thinking. Fan marketing is just a surface. It is fundamental that the core technology, product quality, R&D and innovation, and supply chain efficiency are all ingenious. Harder (harder) and softer (softer) softer, this can not be separated from the team's full commitment.
In short, Lao Jia wants to learn industrial thinking from Lao Li. Lao Li needs to learn Internet thinking from Lao Jia. Once the two of them were holding hands together, in the future they would jointly participate in the game of "grasping the stool." Because the Internet bubble in the color TV industry has been ebbing, each player must survive and prepare enough food (profit) to get the future. Tickets for Internet TV winners.
Peng Yue, vice president of Zhong Yikang believes that Jia Yueting and Li Dongsheng are actually in the collision between capital operation and traditional industries. The profitability of capital and the stability of traditional industries appear in a relatively short time window. A phased result. The traditional industry finally waited for a conversion opportunity in the process of strategic competition with time for space.
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