Luxshare is called the second Foxconn by many investors, but it is worth mentioning that Luxshare does have a complicated relationship with Foxconn. Wang Laichun, the founder of Luxshare, was the first batch of workers recruited by Foxconn in Chinese mainland, and Wang Laichun was the most capable employee of Foxconn in Chinese mainland. It took only 10 years for Wang Laichun to become the highest post of non-Taiwan Province people-monitor.
After learning from Foxconn's advanced work management experience, Wang Laichun decided to leave his job and start a business. 1999, came to Hong Kong to set up Xun Company, became the upstream manufacturer of Foxconn, and produced connectors for Foxconn. Being able to get orders from Foxconn at the beginning of the business is undoubtedly a great help for a small enterprise. It can be said that Luxshare could not have developed so fast in the market without Foxconn.
Since then, Wang Laichun has returned to Shenzhen to establish Luxshare, which directly changed from Foxconn's supply chain to Foxconn's competitor. At this time, Foxconn still chose to lend a helping hand to Luxshare. At the beginning of its establishment, more than 50% of its revenue came from Foxconn, which made many users think Luxshare was a subsidiary of Foxconn.
But in fact, it was not until 2009 that Guo Taiming invested in Syndicate Precision and became the third largest shareholder of Luxshare. Prior to this, there was no actual interest relationship between Guo Taiming and Luxshare.
From Luxshare's point of view, Guo Taiming gave orders and money in his early development. It is no exaggeration to say that Luxshare was founded by Guo Taiming. However, perhaps Guo Taiming himself didn't think Luxshare would become a strong rival of Foxconn in the future.
Luxshare 20 1 1 went public, and began to establish a cooperative relationship with Apple. The famous AirPods headphones were made by Luxshare, which also made Luxshare succeed before Foxconn. With this, Luxshare's share price has been rising all the way in the last two years. At present, the company's market value has exceeded 390 billion, surpassing Foxconn.
And according to the latest news, Luxshare will get some orders for iPhone 12 this year. According to this development trend, it is not impossible for Luxshare to replace Foxconn in the future.
Text/Scene Audit/Ziyang Correction/Qiu Zhi
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