1. ZTE's former senior management team collectively bid farewell, passing Xu Feng to replace Cheng Lixin as the terminal CEO;
Episode micro-network reported on July 7
Yesterday evening, ZTE’s Executive Vice President (EVP), global marketing leader Zhang Zhenhui’s “Let’s take it, the sky is green – don’t, my friends” bid farewell to the friends.
In the letter, Zhang Zhenhui reviewed the work experience of ZTE in 18 years. He said, 'All EVPs of companies including me have signed the resignation agreement, have officially stepped down, and left the company. Such departure, really I hope to be deeply humiliated. However, for the company's next development, for the company's better future, we resolutely fulfill the requirements of the company's settlement agreement, and all choose to leave, no regrets.
On the evening of July 6th, in addition to Zhang Zhenhui’s farewell letter, a group photo of a suspected resignation of ZTE’s former executives was also forwarded in the circle of friends.
The background of the photo is ZTE's LOGO and 'Thanks for you all the way'. Analysis members include, President and Executive Vice President (EVP): Zhao Xianming, Xu Huijun, Zhang Zhenhui, Pang Shengqing, Xiong Hui, Shao Weilin.
Senior Vice President: S: Han Ling, Zhang Jianguo, Xu Ming, Fan Xiaobing, Zhu Jinyun, Huang Dabin, Qian Feng, Chen Jie, Fu Yuchun, Cheng Lixin, Fan Hu.
Many ZTE employees expressed their feelings in the circle of friends. Some of them said, 'I am not willing, don't give up, don't forget! For ZTE today, you have dedicated your youth. For ZTE's tomorrow, you will endure tears and leave. You stay Smile down, leave hope for ZTE! Each of you can take care of the overall situation, and you are a true man! Thank you for your blessings and old leaders. The future will prove everything you have done! If not, let us prove! '
It is reported that according to the agreement reached between ZTE and the US Department of Commerce, the supervisors of the above level of Zhongxing must be replaced.
On June 29, ZTE released the original resignation of the team of directors. Among them, Yin Yimin, Zhang Jianheng, Qu Jubao, Zhao Xianming, Wang Yawen, Tian Dongfang, Zhan Yichao, Wei Zaisheng, Yan Weidong, Zhang Wei, Chen Shaohua, Lu Hongbing, Bingsheng Teng (Teng Binsheng ), Zhu Wuxiang, a total of 14 directors officially resigned.
On July 5, the above-mentioned related personnel resigned from the position of affairs, including Zhao Xianming's resignation as the company's president. Xu Huijun, Pang Shengqing, Xiong Hui resigned as the company's executive vice president, and Shao Weilin resigned as the company's executive vice president and chief financial officer;
At the same time, ZTE elected a new board of directors on June 29, including: Li Zixue, Li Buqing, Gu Junying, Zhu Weimin and Fang Wei, independent director candidates Cai Manli, Yuming Bao (Bao Yuming) and Wu Jundong. Li Zixue became the chairman of the board.
On July 5th, he announced that he had agreed to hire Mr. Xu Ziyang as the president of the company. He agreed to hire Mr. Wang Xiyu, Mr. Gu Junying, Ms. Li Ying as the company's executive vice president; and agreed to hire Ms. Li Ying as the company's financial controller.
Some netizens also gave a complete list:
Chairman: Li Zixue
President: Xu Ziyang
CTO: Wang Xiyu
Wireless: Zhang Wanchun
Wired: Zhu Yongxing
Cloud T: Yu Yifang
Supply Chain: Yang Jianming
Finance: Li Ying
Personnel: Gu Junying
Operation Management: Xie Junshi
Work clothes: Sun Fangping
MKT/MTO: Zhang Jianpeng
Domestic: Lin Bing
International: Xiao Ming
One Camp: Mei Zhonghua
Second Camp: Zhao Peng
Wuying: Xiao Ming
The current resignation of the current ZTE terminal CEO Cheng Lixin, but this list does not have the head of ZTE terminal business.
According to Phoenix Technology, after Cheng Lixin left, Xu Feng, the former head of the supply chain of Zhongxing, will succeed him as the terminal CEO.
2. South Korea is expected to lose HK$220 billion in exports to China, and it is the biggest cannon fodder in the trade;
The Sino-US trade war has triggered a chain effect around the world, and the Japanese and South Korean industries have rushed to adjust their strategies. Japanese think tanks, Japanese companies' products made in China will be hit by US taxation. South Korea think tanks are more expected, the congress lost due to Sino-US trade The export value of HK$220 billion to China has even become the largest cannon fodder in the trade war. The German business community also warned that the Congress was affected by the chain effect and criticized the United States for neglecting trade rules.
South Korea's annual export volume is as high as 1 trillion US dollars, and the economy is extremely dependent on foreign trade. China is South Korea's largest export market, involving 79% of intermediate materials, including semiconductors, materials, parts and components, and many companies exporting to the United States. The factory is located in China and processed locally. These industries are indirectly affected by tariffs imposed by the United States. Some people with information technology say: "The trade war will definitely lead to a decrease in the total amount of China." The local "Central Daily News" said that Domestic public opinion is worried that South Korea may become the biggest victim of trade war.
Zhou Yuan, a scholar at the Institute of Modern Economics of South Korea, said that if the materials for indirect exports are taken into account, the Sino-US trade war will lead to a reduction of South Korea’s exports to China by US$28.26 billion. South Korea’s public opinion is more worried that the EU’s involvement in the war has ravaged the global economy, South Korea Trade Association It is predicted that this will reduce global trade by 6%, and South Korea's exports will fall by 6.4%, amounting to US$36.7 billion (about HK$286.2 billion). Some scholars have urged the authorities to study industrial restructuring and reduce dependence on China.
In Asia, the industry generally predicts that China will impose tariffs on US crude oil. In the context of the Sino-US trade war, the refining company is expected to suppress Iranian crude oil exports from November, and has begun to change its import strategy to ensure crude oil supply. Chain stability. South Korean energy analysts believe that the Sino-US trade war is not good for South Korea's prospects; but if US crude oil leaves China for tariffs and seeks new markets, South Korea has the opportunity to get preferential prices.
In Japan, the industry is worried that the goods produced in China will be hit by taxation in the United States. Dahe Securities' think tank organization predicts that in this trade war, Japanese companies are directly affected by the output value of 53.3 billion yen (about 3.7 billion Hong Kong dollars). Mitsubishi Heavy Industries Co., Ltd. said recently that industrial machines are not listed as US tax targets, but Japanese car assembly machinery made in China is expected to be dragged down by the business of the car factory. Some Japanese e-commerce companies said that they are worried about China. The semiconductor produced will be included in the taxation object.
During the interview, Martin Wansleben, the Director General of the German Chamber of Commerce and Industry, criticized the United States for ideology, politics and election considerations. Wansleben described the US approach as if he were "hands-on" in a football match. The goal is to "go a goal", but the reason is "based on American rules."
The deputy director-general of the association, Treller, believes that if Sino-US trade disputes escalate, German companies will not be spared. This is because German companies have a growing supply chain relationship with their branches in China and the United States. Germany cooperates to maintain the international trade order. Vice-President of the European Union Chamber of Commerce in China said that no one can benefit from the trade war.
3. Sino-US trade war Taiwan became the second most severely affected area;
The US-China trade war started on the 6th. In addition to the US and China themselves, as the global value chain is now tightly integrated, other countries and markets that provide raw materials and intermediate processes are also suffering. Patek Asset Management Corporation (Pictet) According to the World Trade Organization (WTO) global value chain participation data, the ten hardest hit areas under this trade war are listed, of which Taiwan ranks second, and the degree of creation is second only to Luxembourg.
On the whole, the common feature of these countries or regions is that they are mostly small in scale. Domestic demand is not enough to support the economic growth. Therefore, it is more dependent on exports, so that the international market is slightly swaying, especially in the US and China. Have a major impact on these countries.
1. Luxembourg Participation: 70.8%
Luxembourg's main industries include banks, information services, steel, etc. The per capita gross domestic product (GDP) is the second highest in the world, but it is highly dependent on trade, and therefore the highest risk in the trade war.
2. Taiwan Participation: 67.6%
Taiwan's capital and technology are intensive, with major exports including semiconductors, computers and plastics, and electronic components and semiconductor chips accounting for 40% of exports.
3. Slovakia Participation: 67.3%
Slovakia's service industry, heavy industry and agricultural strength is strong. Foreign trade is growing rapidly year by year, but after the trade war starts, the growth momentum may be turned off.
4. Hungary Participation: 65.1%
Hungarian agriculture, automotive, information technology (IT), electronics and chemicals are key industries, also export-oriented.
5. Czech Republic Participation: 64.7%
The Czech Republic's main trading partners are Germany and other EU countries, but its high-tech engineering is also inseparable from the global value chain.
6. South Korea Participation: 62.1%
South Korea is one of the most technologically advanced economies in the world, with motors, automobiles, steel and ships all sold overseas. US, China is its largest trading partner.
7. Singapore Participation: 61.6%
Singapore has always been regarded as one of the most open markets. Exports rely on electronic equipment, chemical products and financial services. The bilateral trade with China exceeds 100 billion US dollars annually.
8. Malaysia Participation: 60.4%
China is Malaysia's largest trading partner. Malaysia's main export commodities include tin, rubber and palm oil.
9. Iceland Participation: 59.3%
The market in Iceland is as small as it is easy to follow the market. The main exporting countries are the European Union, the United States and Japan.
10. Ireland Participation: 59.2%
Ireland's main economic activities are high-tech and banking services, which are considered by many countries to be the best place for foreign direct investment, and it is easy to fluctuate with the global situation. World News
4. ZTE was dismissed from the executives to send a farewell letter: This is a deep humiliation;
Source: Wild Horse Finance
Author Gao Yuanshan
The 'Zhongxing incident' was dismissed from the company's senior management to disclose the situation.
On the evening of July 6, Mustang Finance obtained the newly dismissed Executive Vice President (EVP) of ZTE from the relevant channels, and Zhang Zhenhui, the head of global marketing, issued a full farewell letter on the same day - "But the way to go, Cang Cang Cuiwei - No, my little friends.
When talking about the feeling of leaving the job, Zhang Zhenhui clearly stated in the open letter twice that 'deep humiliation'. For example, Zhang Jianhui bluntly said in an open letter: 'This kind of departure is really unwilling and deeply humiliating'.
Talking about the humiliation of leaving -
For the arrival of ZTE T0 as soon as possible
On the evening of July 5, 2018, ZTE announced the announcement of the executive approval and approval of the company's board of directors. One of the main contents of the proposal is: no longer hire Zhao Xianming as the company's president, nor hire Xu Huijun, Zhang Zhenhui, etc. 5 people are executive vice presidents of the company and will not be in the company.
On the many details involved in the above-mentioned open letter of all the members, Mustang Finance conducted a careful comparison and verification, and the authenticity and credibility of the open letter were high.
For example, Zhang Zhenhui reviewed his 18 years of work in ZTE in an open letter. Zhang Qinghui's resume information scattered in the full text of the open letter reveals:
In 2001, 27-year-old Zhang Zhenhui graduated from the university and entered the ZTE Beijing Large Project Team as an ordinary salesman. From October 2002 to the end of 2005, he entered the ZTE Shijiazhuang office and began to take up management positions.
In 2006, Zhang Zhenhui was transferred to the company's Taiyuan office as the deputy general manager of the business department, and was also appointed as the fifth district of the third battalion. In April 2009, Zhang Zhenhui was transferred to the director of the third battalion telecommunications director.
Until the beginning of 2014, Zhang Zhenhui was officially promoted to ZTE SVP (Vice President) and entered the ranks of company executives. The entire ZTE three-battalion with a revenue of nearly RMB 30 billion was in charge. At the end of December 2015, Zhang Zhenhui was promoted to the company by SVP. EVP (Executive Vice President), entered the company's 'conventional team'.
In the open letter, Zhang Zhenhui said, 'The well-known reason, I have no responsibility for this incident... For the next step of the company, for the arrival of T0 as soon as possible, despite the deep humiliation, everyone including me The executives, or resolutely fulfill the requirements of the settlement agreement signed by the company, choose to leave!
Evaluation of new management -
Practical faction, strong combat power, deep sense of ZTE
Since the occurrence of the 'Zhongxing Incident' on April 16, 2018, until the middle of June, Zhang Zhenhui also firmly believes that he will continue to fight with the company.
However, the final outcome is that under the 'white horror' of the tech war, all EVPs of companies including me have signed the resignation agreement and have officially retired and left the company.
On the day of the handover of the company's new and old management, Zhang Zhenhui, who has worked in ZTE for 18 years, stood in front of his window at the office building on the 5th floor of the R&D building of ZTE Headquarters. He felt 'interested feelings in his heart' and expressed his feelings as life. It is also a pedestrian. But it’s a way to go, and it’s green.
Talking about the new management team that ZTE has just set up, Zhang Zhenhui said, 'The new team members are also the comrades who fought together before this. They are all recognized and practiced inside and outside the company, and they all have long-term experience in various positions. Has a wealth of management experience, has a strong fighting power, has a deep sense of Zhongxing.
The latest executive of ZTE (source: Wind) At the end of the open letter, Zhang Zhenhui sent a message to the new management. 'You must set off the banner of ZTE. You are not only expecting the company's 80,000 people, but also shouldering the continuation. The important task of revitalizing China's national communications industry. It is also very important that you still have the expectations of our generation of Zhongxing people. The departure of our generation of Zhongxing people, I hope to get a better future for the company. I hope that you do not Forget the initial heart, move forward, create a better future for ZTE, and create a new situation in China's national communications industry!'
Talking about 'Zhongxing incident' -
After this hardship, the ability to withstand will inevitably increase
In an open letter, Zhang Zhenhui systematically reviewed his 18 years of working in ZTE. In his view, 'very unfortunate' appeared in the first quarter of 2016, and ZTE experienced the biggest crisis in history, 'We follow it later A event'.
According to the public information, Zhang Zhenhui’s so-called 'A incident' should mean that in March 2016, the US government believed that ZTE illegally exported US-made high-tech products to Iran, including four companies including ZTE and its three subsidiaries. The US Department of Commerce listed the blacklist for export. Later, ZTE reached a 'reconciliation' agreement with the US Department of Commerce and other departments, and ZTE agreed to pay a fine of 890 million US dollars.
Zhang Zhenhui experienced the whole process of the initial negotiations of the 'A Incident'. He recalled in an open letter that 'I was the head of the negotiating team of the company in Washington, USA. The A event of that year was lifted in less than three weeks. The U.S. Department of Commerce’s suspension of sanctions, which is hard, is very understandable.
At that time, he often said with his colleagues, after the 'A incident, the company will be able to withstand the hardships. In the face of the disaster, the ZTE people will hold on and actively negotiate and let the US government see our face. The future is strong, determined, and the determination of better compliance development has promoted us to take a solid step toward the development of global multinational enterprises. In the long run, this event is a watershed and a landmark event for ZTE.
Message to friends Huawei -
Stand up to the backbone to face the challenges that will inevitably occur
After the difficult breakthrough in the 'A Incident' treatment in 2016, ZTE formed a global marketing department to cover all aspects of global marketing. On December 21, 2016, Zhang Zhenhui went to ZTE's Shenzhen headquarters to take up the position of new global marketing manager.
Speaking of the company's global marketing department, Zhang Zhenhui commented, 'This is the real meaning of 'global' in the history of ZTE.
The reason for the establishment of the global marketing department was on the one hand, the latter was the late negotiation of the difficult A incident, and the other reason was related to the same city friend Huawei of ZTE. "Our friends in the same city have made great progress in recent years. Quickly open the gap with us. It is in this context that global marketing carries the dream and mission of the company's future system products to develop faster.
In the open letter, Zhang Zhenhui repeatedly mentioned that the headquarters is also located in Shenzhen, the same city friend business Huawei. 'Thanks for 18 years, our city friend Huawei Huawei. For 18 years, except the name ZTE is inscribed in the heart, the name huawei Always remember in the line. Regardless of how to fight on the battlefield, we have to admit that Huawei, like ZTE, is a banner of Chinese national communications companies. 'Zhang Zhenhui said.
For the fierce competition between friends in the same city, Zhang Zhenhui, who is the head of global marketing, believes that 'Zhongxing Company is growing up in the process of fighting with Huawei. It is today. In a sense, there is no Huawei. All the way to lead, there is no ZTE today, and because of the constant catching up with ZTE, it has also promoted Huawei's all-out triumph!'
In the heart of Zhang Zhenhui, who has just experienced hardships with ZTE, 'I really hope that a national communication company like Huawei can always stand up to the challenges that will inevitably occur in the future!'
Attached to ZTE's executive vice president Zhang Zhenhui's full open letter:
5. Report: Apple's best selling product is still the flagship machine
Sina Technology News Beijing time on July 7 morning news, Apple has gained most of the profits of the smartphone industry, this is not news. The latest data shows that Apple's achievement of this achievement mainly depends on the flagship machine. Therefore, analysts The expectation that users expect Apple's cheap mobile phone may not be true.
In May, Counterpoint Research released research data showing that in the high-end smartphone market, Apple and Samsung are on the same page. In April this year, iPhone X shipments have lagged behind the Samsung Galaxy S9 Plus, but it has now lost ground.
Among the top 10 mobile phones in sales, Samsung has two flagship machines, S9 and S9 Plus. Apple has three models, namely iPhone 8, X and 8 Plus. Other mobile phones entering the top 10 are from Xiaomi, Huawei and vivo. /OPPO.
In terms of sales volume, Apple's flagship machine accounts for more than 36% of the world's top 10 mobile phones, while Samsung's mobile phone is close to 24%. In the high-end market, the two have opened the gap.
Although Samsung sells a large number of non-flagship phones, Apple's high-end model sales are higher than Samsung. This can explain why Apple's profits are much higher than Samsung's: The flagship machine's profit margin is much higher than the low-end mobile phones.
The market demand trend is also worthy of attention. Globally, these 10 mobile phones account for 18.8% of total smartphone sales. Apple's three flagship machines are far more expensive than the top 10 mobile phones.
Xiaomi's red rice 5A price is about 420 US dollars, Huawei P20 Lite is 395 US dollars, vivo X21 is 520 US dollars, OPPO A83 is about 150 US dollars. Counterpoint also pointed out that for A83, sales growth is mainly due to positive promotion and price reduction. iPhone 8, 8 Plus and X are more expensive, but Apple's sales are still higher than these competitors. Statistically, for the world's hottest mobile phones, price is not the most important factor driving sales, at least for Apple. in this way.
Currently, Apple is also selling lower-priced iPhone models, including iPhone 7, 7 Plus, 6s, 6s Plus, and SE. The last phone starts at $349. However, these models failed to enter global sales. 10 list. This means that the sales of these old iPhones are not as good as OPPO A83.