Wu Changjiang, founder of NVC Lighting
Since the announcement of NVC Lighting on May 25, all relevant personnel have refused media interviews. The company has no further explanation for this behavior as no less than a “coupâ€: Why is a company-like founder? Never leave? Is it like "physical and mental exhaustion" described on Weibo? If yes, what is the reason? If not, is it the rumored "forced palace"? No one gives a clear answer.
But one thing I can believe is that Wu Changjiang will not take the initiative to give up his 14 years of hard work, and the other major members of the board of directors apparently did not coordinate the responsibility of unity. This announcement is equivalent to the fuse that has already detonated the future crisis of NVC. Over time, people have to face more cruel truths and struggles – when the truth is over, many of the stakeholders (employees, dealers) who are kept in the dark or find time is no longer standing on their own Here.
People may have guessed at that time that NVC Lighting, the industry leader, has created a company that has quickly surpassed its rivals and is far ahead of its rivals. Will it fall into endless troubles and enter the downtrend channel?
Wu Changjiang resigned, Schneider's "conspiracy"?
Yan Yan, a venture capitalist who took over as chairman of NVC Lighting, and Ning Yan, a partner from Safran, had no reason to believe that the result of this speculation was due to his alumni at Nanjing University of Aeronautics and Astronautics and his work at Schneider. Zhang Kaopeng, an old friend of the year, took over as CEO, and Zhang Kaipeng stood behind Schneider Electric, a famous French company that was coveted by the Chinese market and NVC. The company seems ready to acquire NVC shares from SAIF and other shareholders at a high price to achieve a complete acquisition of NVC.
There are indications that the back of NVC is closely related to Schneider Electric. It is not as simple as the seemingly VC and the founder's bitter story, but more like a transnational giant crocodile "killing" a conspiracy of a good Chinese company. The reasons are as follows:
First of all, Schneider has a strong interest in NVC lighting channels and the strong complementarity between its products and Schneider itself, as evidenced by the following examples: Schneider began contact with NVC in 2010 and made a high profile on July 20, 2011. Announced a cooperation agreement, and happily announced the acquisition of a 9.2% stake in NVC Lighting (11% premium over the then share price) for HK$1,275 million and the acquisition of certain assets of Chongqing Enlin Electric Co., Ltd. (hereinafter referred to as Enlin Electric) for RMB 380 million. The agreement also allowed it to successfully enter NVC's strong distribution channels. In fact, Schneider's fancy does not seem to be the acquisition of the NVC switch, but the value of entering its channel, or the more stable behind it - the desire for M&A of the outstanding company of NVC.
Secondly, from the ownership structure, NVC is clearly the best target for Schneider's hunting: the quality of the company, the product line complements itself, the stock is seriously dispersed, and listing in Hong Kong can get rid of mainland supervision. It is quite easy to initiate a merger.
Equity dispersion is the key, and a considerable number of shares are in the hands of risky investors. This was the “strategic shareholder†introduced by Wu Changjiang during his early development. As early as 2006, Softbank Safran (softbank Safran Fund was established in 2001 and renamed Safran Asia Fund in 2008) was acquired for US$22 million. NVC Lighting has approximately 35.7% of preferred stock. Two years later, Goldman Sachs invested more than $36 million in NVC lighting, and Safran Fund invested another $10 million. As of NVC Lighting's listing in May 2010, Safran Fund and Goldman Sachs accounted for 30.73% and 9.39% of the company's shares, respectively, and Saifu shares have exceeded 29.93% of Wu Changjiang's shares and become the controlling shareholder.
Later, Wu Changjiang realized that this defect may become a worry for the company's development. Although he increased his shareholding in the company, he has not been able to regain control of the company. In July last year, NVC Lighting introduced Schneider, a new strategic investor. Although Wu Changjiang became the largest single shareholder, the equity was more dispersed and the control of the company's major decisions became increasingly weak.
What is 5G CPE?
Definition of 5G CPE
CPE stands for Customer Premise Equipment. The so-called front end refers to the equipment in front of the customer's terminal equipment. When we use Wi-Fi, if the distance is far, or there are more rooms, it is easy to appear signal blind spots, resulting in mobile phones or ipads or computers can not receive Wi-Fi signals. The CPE can relay the Wi-Fi signal twice to extend the coverage of Wi-Fi.
What are the benefits of CPE?
Through the following comparison table, it is not difficult to understand the technical advantages of CPE products:
* Currently, the global 5G FWA service is mainly in the Sub-6GHz band, with only the United States and Italy supporting the millimeter wave band.
* 5G CPE integrates the low cost of Wi-Fi and the large bandwidth of 5G, combining the advantages of the two to form a strong complement to traditional fiber broadband.
The relationship between 5G, FWA and CPE
It can be said that FWA (Fixed Wireless Access) will be the most down-to-earth application of 5G technology. FWA business plays a key role in enabling "connecting the unconnected." FWA is a low-cost, easy-to-deploy flexible broadband solution. Compared with wired access technology, FWA has been an ideal choice for deploying broadband in many countries and regions because it does not need to obtain rights of way, dig trenches and bury cables, and drill holes through walls. The development of 5G technology is further promoting the development of FWA.
FWA services (including 4G and 5G) have reached 100 million users. FWA is no longer a niche service; The FWA industry as a whole has been supported by numerous suppliers. Why is that? In the 5G era, 5G CPE receives 5G signals from operator base stations and then converts them into Wi-Fi signals or wired signals to allow more local devices to get online. For operators, the initial user penetration rate of 5G is low, and the investment is difficult to realize quickly; The CPE business can use the idle network to increase revenue for operators, so major operators vigorously promote the development of 5G CPE.
FWA services can be used for both home (To C) and business (To B), and customers have different requirements for CPE devices when using FWA services in different application environments, resulting in consumer grade 5G CPE and industrial grade 5G CPE (similar to home routers and industrial routers).
In 2020, the global market size of 5G CPE will reach 3 million units, and it is expected that in the next five years, the market size of 5G CPE will maintain a compound growth rate of more than 100%, reaching 120 million units in 2025, with a market value of 60 billion yuan. As an important market for 5G CPE, China's 5G CPE market size will reach 1.5 million units in 2020 and is expected to reach 80 million units in 2025, with a market value of 27 billion yuan.
The difference between 5G CPE and other devices
CPE can support a large number of mobile terminals that access the Internet at the same time, and the device can be directly inserted with a SIM card to receive mobile signals. CPE can be widely used in rural areas, cities, hospitals, units, factories, communities and other wireless network access, can save the cost of laying wired networks.
A Router is a hardware device that connects two or more networks, acts as a gateway between networks, and is the main node device of the Internet. Routers use routes to determine the forwarding of data. If it is a home router, it does not support a SIM card slot, and can only receive signals by connecting to optical fiber or cable and then convert it into WI-FI to provide a certain number (several) of terminal devices to surf the Internet.
Industrial 5G CPE is equivalent to 5G industrial routers, and the technology of the two is not very different. On the one hand, the industrial 5G CPE converts 5G network signals into WiFi signals for transmission, and on the other hand, the data received by the WiFi network is converted into 5G network signals for uploading. In addition, industrial 5G CPE generally supports routing functions.
5G CPE trends
According to a research report, after evaluating the products of some mainstream 5G CPE suppliers, many institutions believe that the development of 5G CPE products will continue in two aspects: one is to support mmWave and Sub-6 GHz at the same time; Second, the design will pay attention to humanized operation and installation. The industry development trend will accelerate the demand for 5G in the medical, education and manufacturing industries due to the epidemic, and 5G FWA will promote global 5G CPE shipments.
Wireless Cpe,4G Cat6 Cpe,4G Mifi,4G Ufi
Shenzhen MovingComm Technology Co., Ltd. , https://www.szmovingcomm.com