"There is no electronic product that is 100% problem-free."
The actual use environment of electronic products is often diverse. Due to the characteristics of the components of electronic products and the logical characteristics of machine language, it is indeed difficult to guarantee that it is 100% problem-free. , it’s just a matter of different size of the problem.
In a specific market or user, if there is a problem and you happen to be inspected by a leader, it would be very bad; therefore, the priority when choosing a product is not the price or performance, but the correctness of the position.
For example, in the past when purchasing computer products, in government agencies or state-owned enterprises, many would choose the Lenovo brand for similar reasons; some companies may not have core technologies, but they can still enjoy the huge dividends of economic development.
This update has been delayed for a long time. In addition to work reasons, this company is headquartered in
It is a normal market strategy consideration, but it still wants to divide and eat
Although Digital China is not as eye-catching as Lenovo Group, and The business model is mainly IT distribution, but the behavior model is similar to Lenovo Group.
Let’s take a look at how Digital China was born!
Lenovo Group's revenue in 2000 was 27.22 billion Hong Kong dollars. That year, 100 Hong Kong dollars could be exchanged for about 106 yuan. In those days, in many market segments, an annual revenue of 100 million was considered a leader; the Internet giant and Baidu had just been established that year. It can be imagined that Lenovo Group was already very prosperous at that time.
On April Fool’s Day in the West, April 1, 2000, Lenovo officially announced its spin-off plan; after April 20, 2001, a new Lenovo Group and a new Digital China appeared. There is no direct relationship between the company's independence.
In the process of collecting information, I saw that many of the days when Lenovo Group announced important business adjustments were related to April 1st; I don’t know if it implies the spirit of “Foolish Old Man Moves Mountains” or if it is “ridiculing” something! Why should
undergo such a spin-off?
The official statement is: Lenovo Group proactively saw the huge development prospects of the information service industry. In order to proactively respond to the challenges of the Internet and China's entry into WTO, it spun off Digital China and started a second venture.
Netizens said: Lenovo was too big back then. If it wanted to be privatized, it would be difficult for them to swallow it in one breath, so they simply split it up. It would be much easier to privatize it after breaking it into parts. This is similar to how some projects split a large project into smaller projects in order to save the trouble of bidding or simplify the approval process.
Judging from the current results, both companies have successfully completed the transformation of the company's nature; Lenovo Group's revenue in 2021 reached 489.9 billion yuan, and Digital China's revenue in 2021 reached 122.4 billion yuan, which is higher than 20 years ago. Earth-shaking changes.
In 2000, Lenovo Group's computer business accounted for 57% of total revenue and contributed 69% of profits; on the other hand, although the IT distribution business accounted for 37% of total revenue, it only contributed 24% of profits.
It is difficult to coordinate the two businesses of private label and IT distribution satisfactorily under the same corporate structure. Most of the time, they trade off each other; in this case, it is better to split into two, which is reasonable.
From a market strategy perspective, business splitting and reorganization is a normal thing. If you have read the articles I wrote in succession, one of them specifically mentioned the knowledge point of market positioning-market segmentation.
Anyway, the original Lenovo Group was split into two. The original Lenovo Technology, Lenovo System Integration, and Lenovo Networks were spun off to form Digital China Holdings Co., Ltd. . Guo is the CEO and president of .
As I write this, I am thinking, if there had not been this split and reorganization, would the nature of Lenovo Group be different now? What do you think of Lenovo’s split?
As worthy of the same master, "privatization" is also very smooth
Speaking of Digital China, we have to talk about Guo Wei, who was once known as one of the "Five Young Marshals of Lenovo"; after many years, Guo Wei has become a family Chairman and actual controller of a group company with revenue exceeding RMB 100 billion.
In fact, in addition to Digital China, he also owns two listed companies, China Holdings and China Information. Although they both start with "China" and their businesses seem to be intertwined, they are three independent companies.
(It is not ruled out that the information I obtained is biased, and may have been adjusted through capital operations, but it is not bad anyway.)
This is also the great thing about Guo Wei, and he also obtained the true scripture from his former boss, Mr. Liu; Many times, for the public, it is difficult to clearly understand the context of what is paradoxical.
For example, after the company is listed, it is theoretically public in nature, and it is not the private boss who has the final say; Guo Wei's salary from Digital China is less than 7 million yuan, which is more than one level lower than Yang Yuanqing 's salary of more than 100 million yuan ; But including the salaries of the other two companies, it also exceeds 40 million yuan, but after the salary is split, it is not so conspicuous.
No matter which industry you are in, powerful people can stand out at a young age.
Guo Wei, who graduated from University of Science and Technology of China in 1988, joined Lenovo. At the age of 27, he served as the general manager of the second business department of Lenovo Group. At this time, Guo Wei entered Lenovo only 2 to 3 years ago; and after only 7 years, At the age of 34, he became the president of Digital China.
In fact, the company that was spun off in 2001 was called Digital China Holdings , which was listed in Hong Kong in 2001. By around 2015, China Holdings had formed a huge business network, with two listed subsidiaries: China Information listed on the Shenzhen Stock Exchange and Huicong Group listed in Hong Kong (formerly Huicong.com ).
In addition, Guo Wei also owns a controlling stake in Shenzhen Xintaifeng listed on the Shenzhen Stock Exchange. At this time, the next step of the layout has been completed. Through a series of capital operations, Digital China Holdings' IT distribution business was sold to Shenzhen Xintaifeng, which is personally controlled by itself. When
was selling its IT distribution business, some netizens once said that this so-called split listing was essentially an act of selling assets. As Digital China's business scale grows, China Holdings' revenue and market value continue to shrink.
The official statement in 2016 is that the shell of Taifeng officially returned to the A-share market and was officially renamed Digital China. In fact, this series is quite complicated. It’s a bit of a play on words. They are all called “Shenzhou”. It doesn’t matter but it does matter, and it doesn’t matter if it does. It makes my head hurt just looking at it. I am indeed a master!
What’s interesting is that the name of this “shell” was originally called Shenzhen Huabao Animal Husbandry Industrial and Commercial United Company. Its initial business scope was “edible animals, meat processing, feed. Animal medicine, livestock and poultry medical equipment, and later fruit tree planting. , a proper breeding company.
After the shareholding reform in 1994, it was renamed Shenzhen Huabao (Group) Co., Ltd. After becoming a listed company in 1997, it was not until 2001 that it was changed to Shenzhen Shenzhen Shenxin Taifeng (Group) Stock Price Co., Ltd.
The chairman at this time was a person named Ye Lianjie. The chairman was replaced once by a person named Yan Qun. In 2016, the chairman and legal person were finally replaced. Guo Wei.During the period of
, Wang Xiaoyan, the legal person of Digital China's investment company China Sigma Co., Ltd., had already served as a director in in 2009. Wang Xiaoyan was not only the chairman of China Sigma, but also a shareholder of more than 5% of Digital China. The economist in the Planning Department of the Capital Department of the People's Bank of China is also a very powerful person.
Anyway, starting from the source, the earliest controlling shareholder is Shenzhen Baoan District Investment Management Company, which can also be regarded as a state-owned asset.
The largest To B distribution network channel in China
In addition to the gossipy things mentioned above, there is no doubt that Digital China has the largest To B sales network channel in China.
In 2021, Digital China's IT distribution business accounted for 95.47% of total revenue, and gross profit was less than 3%; this may also explain why there is only 240 million R&D investment, accounting for only 0.2% of total revenue.
However, this is too little for a company that claims to seize the new opportunities of technological changes and enterprise digital transformation , and upgrade its technology strategy again.
Digital China has agents for almost all IT products that can be named, including , which is also one of the largest distributors of Huawei . This is also the reason why when Huawei was selling Honor, it was rumored that the buyer was The reason for Digital China.
If you are interested, you can search for relevant information about Digital China and Guo Wei. It may be as exciting as Lenovo Group. Including Huicong.com and Digital China Holdings, they also engaged in B2B supply chain finance together, but here I mainly focus on Digital China Group Co., Ltd.
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Shenzhen listed company series - the 101st - Digital China Group
Knowledge is the beginning of action, action is the completion of knowledge | I am Uncle Mumu in Shenzhen, let’s study, discuss and improve together!
