It's just that doing research costs a lot of money.
Huawei in 2008 had an R&D expenditure of 10.469 billion yuan, accounting for 8.4% of revenue.
This year, that figure reached 23.7 billion.
The so-called billions net worth of Qi Hao basically exists in the form of stocks, making it difficult to liquidate.
Major expenses can only be handled through loans.
Qi Hao has recently been considering establishing a private equity fund within Donghao Venture Capital, initially targeting company employees to absorb their cash that they don't know how to invest.
This is quite a promising endeavor.
Huawei has done it before.
East Hao Group currently has over a thousand employees, and their salary levels are not low, mostly above the city average salary, with some earning millions annually.
Everyone generally has financial needs.
To manage finances, several company executives even partnered to start a small investment company.
But they only dare to dabble.
