Traditional Culture Encyclopedia - Hotel accommodation - Li Yinan, a genius in science and technology, earned nearly 1 billion with 3 million madness, but became a prisoner because of greed.
Li Yinan, a genius in science and technology, earned nearly 1 billion with 3 million madness, but became a prisoner because of greed.
Li Yinan: "It won't be long before I get a promotion and a raise, become a general manager and CEO, marry Bai Fumei and reach the peak of my life ..."
But this wish was completely shattered when Li Yinan was 45 years old. Because he's in jail.
From then on, he was Huawei's "Prince" and Ren Zhengfei's successor. He was imprisoned because of greed and disappeared from public view. Li Yinan's ups and downs, roller coaster-like life, also makes people cry.
Li Yinan, a native of Hunan, was born in 197. At the age of 15, he was admitted to Huazhong University of Science and Technology (formerly known as Huazhong University of Science and Technology) and became a talented student in the first juvenile class.
In 1991, 21-year-old Li Yinan, who was in graduate school, had entered Ren Zhengfei's office and was regarded as a C& C8 switch technical personnel, focusing on training.
In 1993, 23-year-old Li Yinan joined Huawei and became a senior engineer in just two weeks with his superb technical ability.
in 1995, he was promoted again and became the chief engineer of Huawei.
in 1997, at the age of 27, Li Yinan became the youngest vice president of Huawei. It takes only four years to go from ordinary employees to vice president of Huawei, which is a rapid promotion, and few people in China can do it.
Huawei, as a wolf culture, has strong performance ability in Li Yinan. During the seven years from 1993 to 2, the switch products developed by Li Yinan directly increased Huawei's sales from 14 million yuan at the beginning to more than 2 billion yuan.
As the vice president of Huawei, he also manages Huawei's 1 billion product line. One of his decisions directly determines Huawei's life and death.
Li Yinan, such a successful teenager, has a smart mind, but also a hot temper. When he gets angry, he won't give anyone face, and his popularity in Huawei is very poor.
However, Ren Zhengfei cherishes Li Yinan's talents and cultivates him personally. He scolds Li Yinan when he is not doing well, kicks him when he should, and never shows mercy.
The relationship between them is like father and son, and they are Huawei's successors recognized by Ren Zhengfei, and they are also called "Prince Ye" of Huawei by the public.
From being a gifted boy at the age of 15 to being a vice president of Huawei at the age of 27, Li Yinan's 12-year history can be described as a winner in life.
In 2, Li Yinan and Ren Zhengfei had a conflict, and they quarreled fiercely in the company twice. Ren Zhengfei, considering that the R&D department was saturated, transferred Li Yinan to the grassroots of the marketing department to exercise.
But it made Li Yinan mistakenly think that Ren Zhengfei's purpose was to suppress his power. Li Yinan, who was angry, resigned from Ren Zhengfei. Li Yinan, Huawei's successor, left Huawei, which dealt a great blow to Ren Zhengfei.
However, Ren Zhengfei agreed to the young people's decision, and rarely invited all the senior managers above the director, held a luxurious farewell banquet in the hotel in Shenzhen, and told him that the door of Huawei will always be open for you.
At this time, 3-year-old Li Yinan is bent on doing something. With a dividend of 1 million yuan, he founded Harbor Network Company all the way up, and gradually poached more than 1, Huawei backbones at a high price.
Li Yinan violated the gentleman's agreement with Ren Zhengfei. Before he left, he promised a contract agreement that he could not compete with Huawei. He directly used the technology in his hand to start a broadband IP product independently developed.
in less than a few years, because of its quick profit, Harbor has quickly become a company worth 1 billion yuan, with a market share of 7%-8%, while Huawei is only 1%-15%, making it Huawei's biggest competitor.
By the end of 23, Li Yinan directly acquired Juntian, founded by Huang Yaoxu, a veteran of Huawei, and planned to go public.
once the listing is successful, Harbor will become the China version of Cisco, and it can directly compete with Huawei for the most profitable transmission business.
in 24, the harbor products developed by Li Yinan were at least half a year ahead of Huawei. Li Yinan's actions completely hurt Ren Zhengfei's heart and angered his former boss.
Ren Zhengfei was annoyed by Li Yinan's betrayal. Ren Zhengfei was furious at patting the table at the EMT meeting: "Hey, the Red Army and the Red Fourth Army have also successfully joined forces!"
Ren Zhengfei, who was greatly annoyed, started the "Run Hong Kong" plan, dealt with a man as he deals with you, poached Li Yinan's technical talents with high salaries, and started a price war.
Huawei, with deep pockets, sold Huawei products at lower prices than Gangwan, and took all the small projects away, stopping all customers and projects in Gangwan.
under the pressure of Huawei, the sales volume of Harbor dropped sharply. In order to prevent Harbor from listing in the United States, Huawei sued Li Yinan for falsifying the report data of its plan to list in the United States.
In the end, Li Yinan defeated Ren Zhengfei. In 26, Huawei acquired Harbor for 1.7 billion yuan and became the winner in the market.
Ren Zhengfei's conditions for the acquisition of Harbor clearly stipulated that Li Yinan must return to Huawei for two years as the chief telecommunications scientist and vice president of Huawei Terminal.
Li Yinan, who is no longer Huawei's successor, shows that he looks good and is an executive, but in fact he has no real power. His office can be visited by all employees, and it has become a typical example of Huawei's "defected employees".
Surprisingly, in those two years, Li Yinan's temperament changed greatly, and he was very kind to everyone. In 2 8, when Huawei's contract expired, 38-year-old Li Yinan fled Huawei again.
after leaving Huawei, Li Yinan jumped ship twice in succession. In October, he served as the youngest CTO (Chief Technology Officer) in Baidu, and resigned after more than one year. In 21, he became the CEO of China Mobile Wireless News. After a year and a half, he resigned.
Li Yinan, who believes in all his skills, was not satisfied with being an executive of an enterprise, but was unwilling to fail in starting a business. What he longed for was the success of starting a business.
In 214, he joined Jinshajiang Venture Capital as a partner. He used an investment of 3 million yuan to earn nearly 1 billion yuan, which attracted the attention of relevant departments.
This is the most spectacular time in Li Yinan's life. After he tasted the sweetness of making quick money, he began to take advantage of opportunism, which inspired him to start his own business again.
In 215, Li Yinan founded Beijing Niudian Technology Co., Ltd., which is also affectionately known as Niu Technologies by the public.
shortly after the establishment of Niu Technologies, Li Yinan, with the aura of his own technical genius and amazing resume in the past, was attracted by investment companies such as GGV and Sequoia in a short time, and invested 5 million US dollars in Niu Technologies, thus realizing the A round of financing.
Li Yinan launched a crowdfunding campaign in JD.COM again. Unexpectedly, everyone was so optimistic about him, and it exceeded 3 million in less than 6 hours. In Li Yinan, the first crowdfunding campaign, * * *, won 7 million yuan in financial support, a record that has never been broken.
Li Yinan's fate took a turn for the worse two days later. In June and March, 215, Li Yinan was taken away by the police as soon as he got off the plane at Shenzhen Baoan Airport and was jailed.
Reasons for Arrest During his tenure at Jinshajiang Venture Capital, Li Yinan was not short of money. For the benefit of himself and his family, he embezzled 7 million yuan through insider trading. He was sentenced to two years and six months in prison and fined 7.5 million yuan.
Since then, there has been little news in Li Yinan.
Now, 51-year-old Li Yinan has been released from prison and joined the electric vehicle industry. Whether he can lay a solid foundation in the emerging field of new energy vehicles remains to be seen.
Li Yinan can be described as a technical genius who achieved success as a teenager. It's really a pity that he broke his good hand.
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