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

Chapter 454, Chapter 210-211: I know you are anxious, but don't be anxious! (4000 words)
A 'national' level product similar to Weixin?
excuse me?
Mr. Gao, although I know you are very awesome, isn't this bragging a bit too much?

All the executives present at the scene opened their mouths slightly in unison after a look of shock.

It's not that they don't dare to believe Gao Huaijun, but what the hell are Weixin and QQ? They are "true god" level products that have established Tengxun's dominant position in China's pan-tech industry!

The valuation of this kind of product in the capital market is in the hundreds of billions.

It is not impossible that the market value of Tingxun will rise to trillions in the future!

Now Hillhouse Technology is going to come up with a product of the same status. I don’t know whether Gao Huaijun is too bold or too overconfident!

Gao Huaijun looked at the silence below and the executives who did not express any attitude, but he was not angry. He just smiled meaninglessly.

Everyone who has lived in later generations knows the power of short videos, which is comparable to electronic opium!
You'll get addicted after watching it once. These 15-second mindless videos are so addictive that you can never get enough of watching them.

The core, or key point, is to establish an information cocoon for each customer.

The Internet is in the process of developing from incremental to stock, the incremental era.

Entering the era of inventory, all companies are focused on user experience. They will gradually optimize browsing depth, dwell time, next-day retention, user satisfaction, etc., and will pay more and more attention to the "surprise" of recommendations.

But for products, providing users with the wonders of the world comes at a price.

The model does not know whether the customer will be interested, click or like the product when it recommends something new to the customer.

This is a trial and error stage. An ideal situation is that the model pushes 10 new things to the customer, but the customer may only be interested in 1.

Then the customer clicks on this thing to give the model positive feedback, and the model can learn.

But the problem is that if a customer gives one positive feedback, he or she will have to accept nine irrelevant recommendations, which is also a bad experience for the customer.

As a young man who likes to watch donkey hoof repair, barnacle picking, pimple squeezing, beach catching, banana pulling, steel forging into knives, chopping with sharp blades, fishing for survival, wooden house building, and polishing and rust removal, when he is watching with great interest, you suddenly recommend to him a beautiful woman swaying there. Would you like it?
At this time, an information cocoon like a comfort zone is very important.

Maybe I recommend 7 short videos of interest to you, and then recommend 3 new things to you. This ratio is more meaningful!
Although compared with other artificial intelligence companies, Hillhouse Capital still has a long way to go.

However, Gao Huaijun still hopes to have a stable application scenario.

Compared with other scenarios now, the functions are relatively weak.

Whether it's the beauty tool, the first-generation driverless system, or the 'Xiaoling' voice on mobile phones and cars.

These three are already very powerful in the eyes of people of this era.

But compared with later generations, it is still far behind.

The most critical thing is that the current artificial intelligence team is too large.

The large model is coupled with an unmanned driving system, and two core teams are working. Relying solely on Hillhouse Technology and Hillhouse Vehicles for maintenance, there will be a lot of noise, whether it is other medium-sized investors or in the stock market.

Is it really appropriate to invest so much money in an illusory artificial intelligence?
Gao Huaijun himself didn't dare to give an answer.

Because in his previous life, artificial intelligence had developed to that level, and it was more on the cusp of the trend. The pig on the cusp of the trend floated up, but there was no telling whether it could land!
He can help the artificial intelligence team solve some simple problems, but the key point is that they must make money.

Only when Hillhouse's artificial intelligence team makes money, and not just breaks even internally, but has a stable external money-making channel, will Gao Huaijun's pressure be greatly reduced.

The short video APP platform is just such an opportunity.

After all, artificial intelligence is something that takes time to train.

Training, on the other hand, requires core content for computing power calculations.

Gao Huaijun feels that the current computing power distribution is still too little compared to later generations!
Need to increase the amount!
Otherwise, how can I realize my vision of ALL IN AI?

The changes in computing power and demands of tens of millions of customers faced by the short video APP platform are exactly what Hillhouse's artificial intelligence needs for growth.

In response to Gao Huaijun's request, Andrew Ng did not show any thought that you have too many private affairs and that they will affect the progress of our project development.

He couldn't ask for more ideas to set up a third R&D project now!
He vaguely guessed Gao Huaijun's intention, and believed that he was guiding Hillhouse Artificial Intelligence, a giant in the field of AI both at home and abroad, towards a completely unknown future!

As for whether this product can become a so-called "national" level product like Weixin?

To be honest, he himself had no idea about this question.

He really has no idea whether people have the demand for consuming such 15-second short videos!

Because in America, there is already a similar product, which is the local short video sharing website Musical.ly!

This software has received a lukewarm response in the United States, that’s all.

In terms of making money, I did make a little bit of money, but to say that I can reach the 'national' level, I am still a long way from it!
This so-called Musical.ly has been modified and then upgraded and empowered with artificial intelligence.

That's it. . .

Are you still comparing national character with prestige?
He was deeply skeptical about this!
Don’t waste your time and effort only to get nothing in the end!
However, from Andrew Ng's perspective, it is completely worth it to have such a practical opportunity to train his team.

He also believes that Gao Huaijun's work on such a project has a greater potential to train Hillhouse's artificial intelligence than to create a so-called "national" level Internet product.

. . . . . .

"Ahhh!" At this moment, Li Zairong, the boss of Sansang Electronics, was looking at the Chinese mobile phone sales report in front of him and was shaking with anger.

In this report.

China is in a difficult situation right now, and there is no hope from the sales data.

I believe it is well known how well Sansang once performed in the Chinese smartphone market.

With a market share of over 30% in China, it has become the overlord and leader of China's smartphone industry.

Sansang can be said to be one of only two mobile phone brands in the world that can achieve complete self-sufficiency in the supply chain of major components. The other one is Hillhouse Technology, a newly emerging local brand in China.

But in the past two years, the sales volume of Sansang mobile phones has not been very good.

From the initial peak of 35% sales, to 28% sales the year before last, it dropped to 21% last year.

But this year...

In the first half of 2016, it reached 13%!

In other words, based on this sales volume, Sansang Electronics’ sales in China are completely over!
And it's the kind that is hopeless.

At first glance, it seems that Sansang Electronics' sales volume has dropped to one-third of its original level.

Isn't it just a decline in sales in a single market? If things don't go well in the East, they will be well in the West. As long as the Southeast Asian market and the United States market are stabilized, there won't be much of a problem. But in fact, the sales decline is so drastic that it almost determines that this brand is finished in this regional market!

Is this just a drop to one-third of what it was?
no!
This means that the channel system that was previously barely maintainable has most likely collapsed!
The purpose of channel dealers joining you as Sansang's channel is not to lick your ass, but to make money!
The huge drop in sales of Sansang Electronics means that most of the channel dealers are no longer making money.

For many channel dealers, if their sales volume drops by 10% permanently, they will likely suffer losses.

Now two-thirds of sales have been wiped out, and you still want to make money?

That's a total dream!

Many channel dealers no longer exclusively represent Sansang's brand of mobile phones, but have begun to represent products of other first-tier or even second-tier mobile phone brands.

If it was Sansang who was once the only one in the top position, in this situation, he would definitely take him down directly and would not let you play with him like this.

joke!

If you do this, doesn't it mean that the exposure of your own products will be directly reduced?

No first-line big-name mobile phone brand would tolerate such behavior.

But now, in order to slow down the decline in its sales, Sansang can only watch these channel dealers do this.

Otherwise, it would be fun if these channel dealers simply withdrew from the Internet.

However, even so, Sansang Electronics' channel points in China are still in a downward channel.

Although this problem already existed when Lee Jae-hee was still alive, it happened when Lee Jae-yong was in power, or just after he took office.

This will be difficult to report to the board of directors!

More importantly, he hasn't even secured his current position yet, and now he's encountered this kind of thing.

"Brother, what's wrong?" At this time, Li Yinxin, who had returned from China for vacation, walked in. She took a curious look at the report thrown on the ground, glanced at it casually, and couldn't help showing surprise on her face, "Sansang's sales this year are so bad?"

"Oh? It's Yin Xin!" Li Zairong looked at the only unmarried sister in front of him with complicated eyes.

Since the cooperation between Hillhouse and Sansang broke down, she has stayed in China.

He didn't understand why Li Yinxin was wasting time staying there.

Wouldn't it be nice to return home early and find a husband to marry?

No matter how good Gao Huaijun is, he wouldn't dare to marry her even if he had the courage of a leopard!

Thinking of Gao Huaijun, he couldn't help but feel hatred in his heart.

Half of the credit for Sansang's sales decline in China should be attributed to Hillhouse Capital.

If it weren't for the double attack from Hillhouse's Mate series and P series, as well as the harvest of ordinary customers by low-end mobile phones, Sansang would not have fallen so quickly in China.

"Brother is still as impatient as before!" Li Yinxin said with a smile, tucking her hair by her ears.

Li Zairong put away his thoughts and grinned.

In front of his sister, no matter how anxious he was, he would not be so anxious for a moment.

Li Yinxin had followed Gao Huaijun for a long time, so she naturally knew some tricks of observing people and could not help but nod slightly.

A person's character and determination determine whether he can manage a sufficiently large and broad group company.

This is a very important bottleneck for a manager, which determines his management level. He will decide whether he will be constrained by one or two trivial matters, or jump out of the trivial matters and look at the dots on the chessboard from another world.

"My sister is indeed a rare beauty in the world!" Li Zairong said without paying any attention.

"I'm old! No one wants me anymore." Li Yinxin's eyes dimmed slightly, and she lowered her head and said softly.

"Ash! Gao Huaijun is such a piece of shit. If he doesn't mean to do that, he should just let you go and let you go back to Han Country." Li Zairong said with some dissatisfaction.

Although he was quite dissatisfied with Gao Huaijun, a Chinese, in words, he actually admired him secretly deep in his heart.

If you don't become a householder, you don't know that firewood, rice, oil and salt are expensive.

After he became the president of Sansang Electronics, he understood how amazing it was that Gao Huaijun was able to create Hillhouse Technology from scratch and directly compete with Sansang in China.

What’s more, he actually has another company of almost the same size, Hillhouse Capital!

This is simply a combination of Sansang Electronics and Linear Automotive!

Thinking of this, he couldn't help feeling a little depressed.

In fact, his current thinking is similar to that of Zheng Yixuan of Linear Generation Automobile, that is, it is so difficult to defend the kingdom left by predecessors, let alone surpass their predecessors and go one step further.

This person compares himself to others and makes people angry.

In his opinion, Gao Huaijun's ability is comparable to that of the first generation Lee Byung-chul!
He couldn't even imagine that a small electric fan factory could become one of the Fortune 500 companies.

Li Yinxin seemed to be unaware of Li Zairong's wild thoughts. She sighed and said, "It has nothing to do with President Gao. I voluntarily chose to stay in China."

Li Zairong took a breath and didn't want to continue the topic, so he changed the subject and asked, "Is Hillhouse doing anything new in electronic technology now?"

"New moves? Hillhouse Technology has not made any major moves. Oh, President Gao is going to develop a short video APP product recently, saying that it will increase Hillhouse's ecological diversity." Li Yinxin said casually, thinking of something.

It is an open secret within the company that Hillhouse is planning to develop a short video APP product, and everyone thinks that this is just a small gadget similar to the beauty tool and its own long video platform Hillhouse Video, so there is no intention to keep it secret.

"Short video APP? Gao Huaijun really has a lot of free time." Li Zairong burst out laughing.

In his opinion.

Hillhouse has too much money and has nowhere to spend it.

Today’s competition in the mobile phone market can no longer be described as a red ocean; it can simply be described as a dead sea!

Even now, Sansang Electronics has fallen into a ditch. If you are any more careless, both the people and the brand will be taken away.

Do you still have free time to play short video apps?

But think about it.

Short video apps were ubiquitous before they reacted with artificial intelligence.

It's nothing more than a joke of Lee Zairong that no one has ever seen!
(End of this chapter)