Winning the new financial era

Chapter 118 Shang Dynasty Technology
Hearing what Ren Fan said, Zhang Yida felt a little disappointed.

However, considering that the Emerging Technology Business Group has already been responsible for the research and development of the four cutting-edge technologies of AI, cloud computing, big data, and blockchain, under such a busy scientific research task, it is possible to make another major breakthrough in face recognition technology. Something weird...

When it comes to face recognition, one has to think of the famous CV (Computer Vision) Four Little Dragons in the previous life.

The first dragon, Shangchao Technology, through the development of core technologies, has applied face recognition, image recognition, artificial intelligence chips, medical images, automatic driving and many other artificial intelligence core technologies to "empower all industries" with AI+.

He has great ambitions and aspires to become an AI platform company with the highest valuation. Zhang Yida had exceeded US$75 billion when he was reborn.

The second dragon, Questyle Technology, focuses on the To B field, has three business lines of security, finance, and travel, and is valued at over US$40 billion.

The technical strength is very strong, and it once beat Facebook in the face recognition rate competition of international competitions.

The third dragon, Yitu Technology, mainly focuses on the medical field, uses AI to intelligently diagnose medical records, and converts clinical data into diagnostic results.

At Xueyou's concert, he also helped the police identify and catch several fugitives...

The founder is also Hawking's grandson...

The valuation is lower, almost $22 billion.

The fourth dragon, Yuncong Technology, the "national team" in the field of artificial intelligence, was incubated by the Research Institute of the Chinese Academy of Sciences.

Backed by a big tree to enjoy the shade, the No. [-] financial face recognition company in the previous life, customers include banks, securities, funds, insurance and many other companies.

In his previous life, the valuation was as high as 40 billion U.S. dollars. Zhang Yida was very greedy, but he couldn't invest in it even if he had money.

We can only focus on Shangchao Technology, Questyle Technology, and Yitu Technology.

Zhang Yida remembers that Ali, Leech Financial Services, and Yunfeng Fund invested in these three companies in his previous life, and they were also the largest shareholders.

In this life, hum!It must be cut off!
There are not many hard-core technologies in China, and all of them are treasures, which are scarce resources and have great investment value.

Seeing that Zhang Yida was silent there, Ren Yifan felt a little uneasy. Mr. Zhang did not take their emerging technology business group seriously, and asked for money. In addition to the next 4 million US dollars to be invested, the previous investment has reached 33 billion yuan. .

At the same time, important people give people, the company has the strongest research and development strength, and the best engineers are also concentrated in the emerging technology business group.

You can't let Mr. Zhang down, and you must be worthy of the investment of money and resources.Ren Fan gritted his teeth and said:
"Mr. Zhang, give me another half a year. I will issue a military order to guarantee the completion of the development task of face recognition technology."

Just now Zhang Yida was distracted by the CV four little dragons, came back to his senses, waved his hand and said:
"You should focus on the research and development of the four cutting-edge technologies! Don't distract yourself too much. Don't worry about face recognition for the time being. I have already found a target."

Ren Fan thought that Zhang Yida was going to acquire a face recognition technology company, and thought that the current scientific research tasks were too busy, so he said with a wry smile, "That's fine, let's follow President Zhang's arrangement!"

Zhang Yida asked again: "Has Ruixiang Financial Cloud launched on our platform?"

"It will be launched within this month, and the loan supermarket will try it first." Ren Renfan replied.

Zhang Yida nodded: "Can we automatically analyze qualifications and match loan products based on the customer's big data?"

"It has been tested tens of thousands of times, and the accuracy rate is as high as 97%. Combined with the mung bean credit information platform, it can complete information analysis of thousands of dimensions within 3 seconds, and match users with the most suitable loan products.

A-level customers are matched with bank loan products, B-level customers are matched with licensed consumer finance products, and C-level customers are matched with small loans and leading Internet loan products. "

When it comes to the proud product of Ruixiang Financial Cloud, Ren Yifan is full of praise.

In addition to banks and licensed financial institutions, Ruixiang's cooperative corporate customers only cooperate with leading compliance platforms with an annualized interest rate of less than 36%.

This is what Zhang Yida specifically asked for. Ruixiang's scale and brand are getting bigger and bigger, so it must take good care of its feathers.

"Okay, do a good job of data tracking. After the loan supermarket passes the trial, the financial cloud will be handed over to Tiance Technology for promotion." Speaking of this, Zhang Yida looked at Xie Huaiyu again, and ordered:
"Old Xie, I will leave the promotion task to you. Tiance Technology has so many B-end customers, which are highly matched."

"OK, leave it to us! Such a NB product, I think customers will love it." Xie Huaiyu laughed.

Zhang Yida looked at Wang Lina again, and said, "Lina, next plan Diandian to your mobile service business group. I have high expectations for Diandian, and you have to take on this important task."

After Penguin became a shareholder of Ruixiang, it gave up investing in a little bit of money, and Ruixiang didn't need to be split out for operation, and it was directly assigned to the mobile service business group.

From now on, the mobile service business group will be mainly responsible for three independent apps, Kawang Credit Card Butler, 365 Bookkeeping Butler, and Diandianchou.

Wang Lina was very happy. Before Diandianchou was operated independently as a subsidiary company, her power increased by three points when it was assigned to the mobile service business group.With a happy face, he said:

"Mr. Zhang, don't worry, I will never betray your trust."

"Okay, that's it! The meeting is over!" Zhang Yida announced.

Everyone else left, and Zhang Yida was about to leave when Lin Zhen called him down.

"What's the matter? It's so mysterious." Zhang Yida saw Lin Zhenyang and sat back to his original position.

"I want to buy a suite and a car, do you have any suggestions?" Lin Zhenyang asked.

"Damn it, are you angry with me? You set up 6700 million US dollars, and you can buy whatever you want. Hey, I regret it to death. If I knew it, I would have set it up. I'm so poor." After finishing speaking, Zhang Yida made a face of remorse.

"No, how can there be 6700 million US dollars, and only 5360 million US dollars after tax deduction. Hey, there are too many sets, I don't know how to spend them!" Lin Zhenyang looked regretful.

"Buy a villa! Buy a Maybach, Bentley, or Rolls-Royce. You can also buy a sports car, but try not to bring it to the company.

We are the first generation, not the second generation of rich people. We have been photographed by the media, and it would not sound good to compile some news for you. "

Zhang Yida thinks far-reachingly. Although Ruixiang's current valuation is as high as tens of billions of dollars, it has been burning money all the time, and it is still investors' money.

In this case, it is far from successful.Being photographed by the media looking for pleasure, and splashing some dirty water, the image will be damaged.

"Well, that makes sense. That's why I'm here to ask you!" Lin Zhenyang was a little uncertain about Zhang Yida's attitude, so he asked specifically.

Ruixiang Group is a company owned by two people. If something happens that will damage the company's image, the company's interests will be damaged, which will make Zhang Yida look bad, so let's communicate in advance.

He really wanted to buy a villa, but Zhang Yida still lived in an ordinary community, so it was better to ask his opinion first.

The reason why his cooperative relationship with Zhang Yida has always been very harmonious is inseparable from this exquisite heart.

Zhang Yida also realized his intentions, and said with a smile:
"Old Lin, you don't need to do this. The money for cashing out the shares is your own money, and you can spend it as you like. It's just that you should keep a low profile as much as possible."

Lin Zhenyang smiled lightly and said nothing more.

……

"Old Lei, what's the situation now?" Zhang Yida asked Lei Dongming on the phone.

"Shangchao Technology is planning a round of financing. It is said that IDG has been following up and it is almost finalized."

Lei Dongming was a little anxious, and lamented that the contact time was a bit late. I wonder if he can still participate in this round of financing?
Zhang Yida's eyes flashed brightly, and said:

"You contact Shangchao Technology immediately, we will fly to Hong Kong Island today to talk."

……

On the flight from Beijing to Hong Kong Island, Lei Dongming glanced at Zhang Yida and said, "What about the past?"

"How else can we negotiate? Give them a price they can't refuse." Zhang Yida replied casually without raising his head while he was reading a magazine.

"If you do this, Shangchao Technology may have a big mouth? And it also breaks the rules. I'm afraid IDG will have opinions."

Lei Dongming frowned, thinking that Zhang Yida's way of raising the price was not a good way, not only would he offend people easily, but he would have to pay a higher price.

"Are you so optimistic about Shangchao Technology?" Lei Dongming asked again.

"Well, artificial intelligence, that's the big trend in the future." Zhang Yida put away the magazine and replied solemnly.

"Is there a deep industrial integration with Ruixiang? Why don't we invest together with IDG? Anyway, it's only the A round. Let's lead the next round of financing."

Lei Dongming persuaded.

"AI is very suitable for application in the financial field, and it will definitely make a difference in application scenarios such as anti-fraud, credit risk identification, non-performing asset collection, precision marketing, and reduction of manual operation errors."

Zhang Yida raised his eyebrows and said, at the same time, he was also thinking about whether to invest alone or jointly with IDG.

"It's so powerful. I read in this information that their face recognition accuracy rate is as high as 99.5%, second only to Google. The founding team is also very powerful. They are all doctors and professors..."

Song Caiwei was sitting next to Zhang Yida, looking at the introduction materials of Shangchao Technology.

"It's amazing! It is said that it is the earliest Chinese team involved in deep learning in academia."

Zhang Yida said with emotion, and added in his heart: In the future, he will be listed on the US export control entity list, can he not be awesome?
"How about this! When you arrive on Hong Kong Island, talk to the founding team of Shangchao Technology first. If you really can't, let's vote together with IDG!"

After thinking about it, Zhang Yida felt that it would be best not to conflict with IDG. After all, the reputation of grabbing projects and driving up prices would not sound good.

Being a venture capitalist is also about reputation and word-of-mouth, and being an enemy everywhere is not conducive to future fundraising and development.

Another IDG is the first foreign venture capital to enter China. It has been in China for 20 years, and it is not a soft persimmon.

Anyway, Shangchao Technology will conduct eight or nine rounds of financing in the next few years, and Ruixiang will not be able to get too much share in the first round of financing, and it will have to follow up with several rounds of investment in the next few years.

Lei Dongming nodded in agreement, he was really afraid that Zhang Yida would ignore it and go grab the project like a stunned young man.

No matter how good the technology of the Shang Dynasty is, it cannot break the rules of the game!
Any game has unspoken rules. For those who break the rules of the game, no one is willing to play with you anymore, and everyone will isolate and reject you.

(End of this chapter)