Reborn since 1993

Chapter 696 Take the initiative
Li Dongling looked at Gu Xiguang, Wu Yaoguo, Liang Bohua and others, laughed and said, "Who knows, what if some interesting inventions appear on this show?!"

"Since ancient times, masters have emerged from the common people. There are many extraordinary people in China!"

“In terms of professionalism, these inventors in society may not be as good as academic experts, but their creativity may not be the same!”

"Right now, domestic technology is not as good as overseas technology, but one day, when domestic technology catches up with overseas levels, it will be a competition of creativity."

Li Dongling said, "Dongling Hi-Tech has always been a staunch supporter of innovation and creativity, and has benefited from innovative projects, including electronic pet machines and Shenzhou USB flash drives!"

“Who can say that there won’t be some interesting inventions on this show?!”

“Dongling Hi-Tech has established a new company, Dongxin Technology, with Focus Media!

In the future, this company will select and incubate some of the inventions that appear on this show, help the inventors improve their technology, and try to commercialize them to the market.”

Li Dongling said that there was no need to hide or cover up anything, as Dongling Hi-Tech was going to use this program to launch new products.

Hearing this, Wu Yaoguo couldn't help but ask, "What is the probability?"

This kind of project, which is like looking for a needle in a haystack, feels unreliable even if Wu Yaoguo trusts Li Dongling.

If the project was launched by Dongling Hi-Tech, Wu Yaoguo would have asked Hanxi Guotou to invest money without saying a word.

But relying on such a needle-in-a-haystack project, one doesn't know how many years it will take to come across a project worth investing in. Wu Yaoguo feels that the probability is not much greater than winning the lottery.

"No one knows what the probability is!"

Li Dongling spread his hands and said, "This is just like the Internet venture capital companies in Silicon Valley in America. If you are lucky, you may be able to come across projects from Cisco, Netscape, Yahoo, and Feiyan after a few investments. If you are unlucky, you may not come across any in your entire life!"

“For Silicon Valley Internet venture capital firms, the failure rate of investment projects is 80%, and less than 19% of projects can generate returns.

The average lifespan of a Silicon Valley venture capital company is no more than three years!"

"If the success rate of Dongxin Company's investment in the program "I Love Invention" can exceed 19%, it will exceed the probability of Silicon Valley venture capital companies!"

After hearing this, Wu Yaoguo, Liang Bohua and Gu Xiguang all extinguished the idea of ​​intervening in this project.

Their identities, positions and status do not allow them to take money and make risky investments all over the world. They prefer certain projects rather than taking chances!

As long as it is a project of Dongling Hi-Tech, Wu Yaoguo is willing to invest no matter how risky it is, and Gu Xiguang and Liang Bohua are also willing to support it. Even if it fails, it will not be criticized too much. After all, it is a project of Dongling Hi-Tech that has never failed since its debut!
But for those needle-in-a-haystack projects, people like Wu Yaoguo and Liang Bohua would not be able to support them even if they knew it was possible to make a big profit with a small investment.

Li Dongling was not surprised to see this, because Hanxi Guotou is a state-owned investment institution, it is impossible for them to take risks with the money, at least they have to have a "legitimate reason", which is why state-owned investment institutions are generally somewhat "conservative".

But for Dongling Hi-Tech, there is no such worry when establishing Dongxin Company. It is a venture capital game of risking a small amount for a big gain.

Just like Silicon Valley venture capital companies, we attract domestic inventors of innovative and creative products to appear on the “I Love Invention” program.

Dongxin Company will then evaluate the products that have registered for the program, invest in those with potential, and then conduct trial production and put them into Dongling Hi-Tech’s publicity and sales channels for testing. If the response is good, large-scale mass production will be carried out.

In this way, you can get the highest return with the lowest investment and lowest risk. Although it is like looking for a needle in a haystack, you really have the opportunity to find gold in the sand and pull out treasures.

If we could invest in a few listed companies like the venture capital companies in Silicon Valley, we could make back both our capital and interest.

Even more, if Dongxin Company can invest in products like Yahoo in the Internet industry, it will not only recover its investment, but also make huge profits!

After breakfast, the “I Love Inventions” program on TV came to an end.

The entire "I Love Inventions" program was basically carried out according to the "outline". First of all, the inventor was not supported by his family. When the machine team competed with the artificial team, they were ridiculed by their opponents.

There is a 100% chance that problems will occur during the competition. In the first competition, the machine team will definitely have problems. In the last competition, the machine team will win, and the competition will be concluded with comments from experts.

This program is also enjoyable for those who like to have fun. It is a classic program for killing time when bored. Even the central media, including the program production team, probably have a mentality of just having fun and don't expect to invent anything useful.

Today's episode of Super Manhole Cover is about something that is really good, but... it is probably difficult to be purchased by the market and mass-produced for commercialization. Sometimes, something is really good, just like Panasonic's plasma TV, which is really a "magic weapon" in the TV industry, but why can't it outperform LCD TV?

There are of course countless reasons. Panasonic developed its products behind closed doors and monopolized all patents for plasma TVs. America, South Korea, and the mainland jointly launched a siege against Nippon Mercedes-Benz. Nippon Mercedes-Benz supported plasma, while other parties supported LCD technology.

But if they lost, they lost. As for today's invention of the super manhole cover, the idea is certainly a good one and the function is powerful, but it is expensive. This alone has ruined the orders from many municipal departments in China and around the world.

In addition, the sewers need to be inspected. Once the thing on TV is installed, a crane is needed to lift it up. No matter how many cranes a city has, it will not be enough.

Expensive, difficult to maintain, and hard to popularize, this manhole cover is really like Panasonic's plasma TV. It may lose in performance, but has never won in sales. If the cost is reduced in the future and simple optimization is carried out, there may be a chance.

However, after watching this episode, Li Dongling felt that the people who signed up for I Love Inventions began to have better imagination and creativity.

As long as the program appears, there are several products such as fish farming in containers, fire extinguishing bombs, car window breakers, knife-cut noodle machines, facial recognition machines for security guards, and seaplanes purchased by a large number of water parks.

When these products are mass-produced and then promoted to the public, telling the public that the people who invented these products have become multi-millionaires or even billionaires thanks to their patents and products, are you still worried that no talented people will sign up for this program?

After finishing breakfast, Li Dongling took a sip of tea and said to Gu Xiguang, the director of the Economic and Trade Committee of Hanxi Jiaotong University, who was also from Hanxi Jiaotong University, "Brother Gu, I hope you can introduce Dongling Hi-Tech to some scholars who are familiar with the field of international economics and trade.

Dongling Hi-Tech is preparing to set up an economic advisory committee to provide strategic planning and advice for Dongling Hi-Tech's overseas markets!"

"Council of Economic Advisors?"

Gu Xiguang pondered for a moment, while Wu Yaoguo and Liang Bohua also pricked up their ears.

To be honest, whether it is Dongling Hi-Tech's peer companies or the heads of cities such as Hanxi Guotou and Liang Bohua, what they care about most is Dongling Hi-Tech's ability to conquer overseas. Now in China, there are still not many companies that can earn foreign exchange without relying on subsidies.

“Foreign markets are also constantly changing. When I was in America last year preparing for Feiyan Technology’s listing on NASDAQ, I read some reports and interviews by economists there on the Asian market.

Paul Krugman, who specializes in international trade, international finance, international currency and foreign exchange at Princeton University, created a new theory of international trade three years ago.

According to this theoretical model, Krugman predicted that the Asian economic model represented by Siam, Singapore, Malaysia, South Korea and other places was too dependent on overseas manufacturing orders and neglected technological innovation.

In addition, places like Siam have too little experience in currency and foreign exchange strategies. Once problems arise with overseas OEM orders and foreign exchange, the Asian miracle will end.

Krugman predicted that the time for the Asian economy to change is this year! "

Li Dongling used Paul Krugman's prophecy to express Dongling Hi-Tech's concerns.

In other words, if you want to get a piece of the pie when Soros is rampantly cutting leeks in Southeast Asia, you always need some "reasons", and Paul Krugman's prediction is the best excuse.

Of course, forget about expecting to snatch meat from Soros and Wall Street. These vicious wolves who eat people without leaving any bones will never allow anyone to snatch meat from their mouths.

Li Dongling didn't want to make a big noise. It would be enough for him to follow behind, eat a piece of meat, and make up for the loss of foreign trade orders of Dongling Hi-Tech this year.

In addition, after Soros has eaten and drunk his fill and leaves, Dongling Hi-Tech will have enough energy to grab some good things in the devastated Southeast Asia. This is what Dongling Hi-Tech can do this year.

“Will the economy of Siam and other Southeast Asian regions run into problems this year?”

Gu Xiguang was obviously stunned. Right now, the economy in Siam and other places is booming. They are constantly receiving labor-intensive industrial chains transferred from America, old Europe, Japan and other places. Foreign trade orders, real estate, stock markets, etc. are very hot and there doesn't seem to be any problems at all.

Gu Xiguang's expression became more serious. "Junior Brother Li, do you believe in Paul Krugman's theories and predictions?"

Li Dongling shook his head slowly, but then said, "No one dares to say whether what he said is true or not, but if it is true, Dongling Hi-Tech cannot afford such a loss!"

It's not just Dongling Hi-Tech. Gu Xiguang couldn't even imagine how much losses domestic companies exporting to Southeast Asia would suffer if something went wrong in Siam and Southeast Asia.

"So, I would like to ask Senior Brother Gu to introduce a few scholars who are familiar with international economics and trade to Dongling Hi-Tech to serve as consultants for Dongling Hi-Tech."

With Paul Krugman's prediction and the "advice" of scholars who serve as consultants for Dongling Hi-Tech, it is reasonable for Dongling Hi-Tech to make a small profit behind Soros, right? !
(End of this chapter)