I asked you to save a bankrupt factory and you became the richest man in the world.

Chapter 425 152-153: Dajiang Technology! (4000 words)
Dajiang is a very bold company that has seized on such a special field as commercial drones.

Its advantages are comprehensive and accumulated bit by bit.

Dajiang always releases new products and technologies one or even two generations faster than its peers. At the same time, Dajiang uses its technological advantages to convert them into economic benefits while increasing its R&D investment and pace; the maturity of the upstream and downstream supply chains has also helped Dajiang stack up its technological barriers.

Until...

Dajiang has formed a monopoly in the field of drones!

Gao Huaijun himself was not sure how much money he should invest in this field in order to catch up with Dajiang.

100 billion?

Even 300 billion?

When it comes to flight and flight control, Hillhouse has no experience at all.

“Dajiang’s DJI Mavic Pro’s creativity in folding wings, professional camera, and avoidance algorithm really caught my eye. I can tell at first glance that it is a product that will sell well.” At the end, Gao Huaijun did not use the word “product” to describe DJI Mavic Pro, but instead used the word “work,” a word that carries a high evaluation.

Wang Tao couldn't help but get excited after hearing this.

In this world, what better encouragement can there be than a compliment from someone you admire!
Not only Wang Tao, but also other R&D backbones of Dajiang present couldn't help but smile.

That smile, that corner of the mouth, is harder to suppress than an AK47!

"I am a product maker. I just want to make the product better so that more people can use it."

"My good partner Xie Tiandi once used one word to describe Dajiang's R&D style: super saturation."

“I agree with this statement.”

“Don’t set limits. Study every single technology point that interests you. If there is a problem, it’s because the technology accumulation is not deep enough, or the technology directions and technology platforms are not enough. When the technology is deep enough, the product success is inevitable.”

"It's just that among a group of market-oriented companies, Dajiang still insists on the technology-oriented engineering mindset. We are as innocent and sincere about technology as a child."

Wang Tao became a little excited when he spoke the last part, and his voice was a few degrees higher than at the beginning.

When the Hillhouse team heard Wang Tao say this, they all couldn't help but applaud!
This is a R&D-oriented company that respects another R&D-oriented company.

Gao Huaijun was also delighted when he heard this.

It’s no wonder that he is the investor I chose.

Pure engineering culture is the best R&D culture in Gao Huaijun's mind.

The super-saturated R&D style of Dajiang is consistent with Hillhouse's idea of ​​running fast with multiple R&D groups in one direction.

Thinking of this, Gao Huaijun and Ning Yuan, who was standing beside him, exchanged glances. Ning Yuan said, "Gao Ling started out as a mobile phone manufacturer and has extensive experience in the creation of professional cameras. Gao Ling's latest mobile phone, the Mate 10, already has a camera quality close to that of a SLR!"

"On the other hand, Hillhouse's artificial intelligence department is top-notch in China and the world. The visual positioning algorithm used in automotive laser scanning can be said to be the strongest on the planet!"

"Finally, I would like to say that the ternary lithium battery that Hillhouse Battery is currently using in Hillhouse's pure electric vehicles is a very efficient pure electric battery, and we have deep technical accumulation in battery storage."

Wang Tao and Xie Tiandi who was standing beside him almost jumped up.

The accumulation of Dajiang Company in these aspects cannot be compared with Hillhouse.

It would be wonderful if we could share Hillhouse’s technology and related patents!

They are clear about Hillhouse’s slogan of ALL IN AI.

They also know how much money it costs to support such a large and advanced algorithm team.

If we can cooperate with Hillhouse, it goes without saying that 1+1>2.

Wang Tao is a man who can't hide things in his eyes. After exchanging a glance with Xie Tiandi, he said anxiously, "Mr. Gao, can you share these technologies with Dajiang? You don't even need to invest in them!"

Xie Tiandi, who was standing by, almost couldn't cover his eyes.

This old Wang is so honest!
How can you talk about business like that!

Gao Huaijun came here this time and went through so much trouble, he must have something to ask for!
If we do this, wouldn't we be giving others a free advantage?

Gao Huaijun was a little surprised that Wang Tao was so honest. This was somewhat inconsistent with his initial idea.

However, he was inexplicably moved.

As someone with a technical background, I really don’t want to treat these tech geeks unfairly!
"I won't beat around the bush. To be honest, I came here to prepare for a newly developed off-road vehicle. I want to place two drones on the vehicle that can be started with one button. I saw your company's latest DJI Mavic Pro, which can even fold its wings. Suddenly, I felt that I had found the right product."

“I am still very much looking forward to the cooperation between Hillhouse and Dajiang.”

Gao Huaijun said sincerely.

Wang Tao and Xie Tiandi, who were standing by, looked at Gao Huaijun with surprise.

No wonder there was a magpie swapping in front of his eaves early this morning.

Unexpectedly, the one coming today is the God of Wealth!
Although Wang Tao didn’t know what Hillhouse’s new off-road vehicle was.

But according to Gao Huaijun's description, the drone is placed directly on the top of the off-road vehicle and then needs to be started with one button. It is simply a land aircraft carrier!

And Dajiang’s drone is the aircraft of this land aircraft carrier!
Regardless of the size of the order, this is definitely a great advertisement that can help Dajiang gain popularity.

No matter how much money it costs, they want to take it!
"Mr. Gao, please tell us your ideas for cooperation." Wang Tao asked anxiously without waiting for Gao Huaijun to finish speaking.

Gao Huaijun smiled slightly, thought for a moment, and said, "There are two difficulties with this off-road vehicle in the field of aircraft. One is the one-button takeoff and return under electronic control, which involves the content and technology of flight control. I think it would be more appropriate to find a professional drone company. Dajiang is a large company that occupies 70% of the commercial drone market, so I think it is just right."

"The other part is how the drone leaves and returns, and how it automatically recharges. This is an area we are not familiar with, and we also need the cooperation of our partners."

"As for the in-depth cooperation that Mr. Wang mentioned, we can negotiate openly and honestly. We can invest a sum of money and share our patents for related technologies to help Dajiang mature early. There is no problem with that."

After hearing what Gao Huaijun said, Wang Tao was so happy that he almost jumped up.

According to Gao Huaijun's meaning.

As long as Hillhouse's patents for related technologies are shared.

So whether it is professional cameras, batteries, or even Dajiang’s weak visual capture algorithm, the R&D level can be greatly improved.

He himself conservatively estimated that the research and development time could be shortened by at least 2-3 years.

What does it mean to shorten the R&D time by 2-3 years?
Basically, it can directly sweep out all competitors in the market. What a guy!

The financing and money from those so-called financial institutions, such as Sequoia Capital, Far Eastern Venture Partners, IVP, and ACCEL, are really nothing compared to Hillhouse Capital.

Not to mention that Hillhouse invested a sum of money, even if Hillhouse only shared the technology sector, there would be no problem in directly giving equity.

You have to know that technology is something that can be applied to everything, and everything is directly related to each other.

To put it simply, drones are based on five core technologies: flight, flight control, camera, battery, and intelligent algorithm control.

Hillhouse has made in-depth research in the last three areas.

"Then Mr. Gao, when will we sign the cooperation contract? Let me say first, for Hillhouse's new off-road vehicle, no matter what R&D requirements Hillhouse has, we at Dajiang will not charge a penny and will cooperate for free." Wang Tao was completely persuaded by Gao Huaijun's few words.

He also knew that today was a turning point in Dajiang's destiny.

By being able to carry out all-round cooperation with technology companies like Hillhouse that match and cooperate with each other at the technical level, Dajiang will be able to quickly reach a higher level within two to three years.

By then, we will definitely be in a leading position in such a niche field as drones, and there will be no rivals in the future!

It can even be said that across the world, the number of companies that can match Hillhouse can be counted on one hand.

We must, and must, tie down the big car of Hillhouse!

This was a decision Wang Tao made almost without hesitation.

Because in his opinion, although from 2011 to 2016, Dajiang's global sales increased by about 160 times.

In addition, its revenue from overseas markets accounts for 8% of its total revenue, among which overseas markets are mainly developed countries such as North America and Europe, and America is an important market for DJI.

This looks like a very glorious scene.

But in his opinion, the ceiling for commercial drones is much lower due to the limitations of their own uses.

Although Dajiang's sales in 2015 exceeded 100 billion yuan, he felt that DJI's revenue would cap at 200 billion yuan.

In other words, in this limited plate, it is very necessary to get more support and improve the moat fortress.

However, Gao Huaijun, who traveled back from the future, did not think so.

Not to mention that the Goose-Wu War instantly opened up an unexpected track for commercial drones. In the future when the low-altitude flight field continues to open up, rechargeable flying cars will also be the main carrier for the development of the low-altitude economy.

This is a huge market worth no less than hundreds of billions even in China.

For Gao Huaijun, Hillhouse's current R&D staff of more than 130,000 and approaching 150,000 is a help to Hillhouse, but it is also a very heavy burden.

With an annual R&D expenditure of more than 20 billion yuan, the company would rank among the top 50 in the world.

Not to mention, it is growing rapidly at a rate of over 10% per year!

And this is under the premise of Hillhouse's extremely cheap labor costs.

Now, all the major 985 universities, even graduates from the four major pits, have been poached by Hillhouse.

You can imagine how strong the R&D capabilities of this company are.

However, this is based on Hillhouse's continued expansion of turnover.

Now Gao Huaijun has fewer and fewer golden fingers. How to expand sales to an incredible share before the golden fingers are used up is Gao Huaijun’s top priority.

This is also the basis for ensuring Hillhouse’s R&D advantages in the future.

Gao Huaijun thought for a moment and said, "Boss Wang, we had a very pleasant chat!"

"I won't beat around the bush!"

"Gao Ling can empower Da Jiang with cameras, batteries, and AI-related algorithms for free, but the condition in exchange is that Da Jiang shares patents with Gao Ling for flight and flight control-related technologies!"

Seeing that Wang Tao wanted to interrupt, he continued, "Mr. Wang, please listen to me. We will not enter the field of commercial drones. We are just making advance arrangements for the electric flying cars that will follow. However, there is still some distance before the electric flying cars can be formally developed. On this point, we can sign a formal non-compete agreement with Dajiang."

After listening to Gao Huaijun's speech, not only Dajiang's R&D team, but even Hillhouse's own team were stunned.

Flying car?

excuse me?
Is this thing really worth developing and meaningful?
You know, in this era, ordinary pure electric cars have just been commercialized and are still a long way from large-scale success, not to mention the even more unreliable flying cars.

However, Gao Huaijun looked at everyone with different thoughts with a smile and did not explain too much.

In fact, the biggest differentiating advantage of low-altitude pure electric aircraft compared to single-rotor helicopters is their extremely low operating costs!
If you fly 5 to 150 kilometers, you will use about liters of aviation kerosene per kilometer, so kilometers will require liters of aviation kerosene.

One liter of aviation kerosene costs about 8 yuan, which means that if you fly 30 kilometers, the fuel alone will cost thousands of yuan.

Gao Huaijun's own single-rotor helicopter costs over 100,000 yuan in fuel a month, which he calls too expensive.

And if you use pure electricity, how many kilowatt-hours of electricity do you get?

This alone makes the price-performance ratio higher than that of cars.

But Wang Tao has no doubts. He doesn't care whether you want to develop flying cars or are just comforting him. As long as Hillhouse does not enter the field of commercial drones, everything will be fine.

"Today is a very meaningful day for Dajiang. I hope we can have a pleasant cooperation." Wang Tao excitedly shook hands with Gao Huaijun.

Gao Huaijun was also very happy.

According to the final agreement reached between Hillhouse and Dajiang, Dajiang sold 10% of its equity, and at the same time received funds worth 3000 million US dollars, as well as an R&D technology exchange with Hillhouse.

While Hillhouse acquired Dajiang Flight and flight control technology, it also obtained a 10% investment stake in a very promising company.

You know, in the future Dajiang's valuation reached 1600 billion yuan, and even Dajiang's valuation is expected to reach 1000 billion yuan in the next few years!

One hundred million yuan in exchange for equity worth 160 billion yuan.

What's more, it also solved a research and development difficulty of Hillhouse's new off-road vehicle.

No matter how you calculate it, you'll make money!

Gao Huaijun couldn't help but sigh that with Hillhouse's size advantage, it was really that simple to create a project that would be a model of making money in the eyes of investment banks.

(End of this chapter)