Winning the new financial era

Chapter 119
"This is Dr. Tang Xiaoou, the founder and chairman of Shangchao Technology.

This is Dr. Xu Li, co-founder and CEO of Shangchao Technology. "

After the group arrived at Shangchao Technology Company in Hong Kong Island Science and Technology Park, Lei Dongming had been in charge of the liaison between the two parties before, so Lei Dongming took the lead in introducing them.

"Dr. Tang, Dr. Xu, hello! I'm Zhang Yida." Zhang Yida stepped forward and shook hands with Tang Xiaoou and Xu Li respectively.

Tang Xiaoou is more than 40 years old, wearing glasses, very professorial, looks like an old pedant, he said with emotion:

"Only the mainland with its vast land and rich resources can produce young heroes like Mr. Zhang! I have lived in Hong Kong Island for so long, and I feel that the young people here may be okay as scientific researchers and professional managers, and very few of them succeed in starting a business!"

Zhang Yida laughed, starting a business on Hong Kong Island, just kidding, real estate speculation or finance?There are many chaebols, housing prices are high, and there is no soil for starting a business!

If you want to start a business in the Mainland and refuse to go, then stay on Hong Kong Island and be a wage earner for the rest of your life!Earn more rent and honor the real estate family.

Although he thought so in his heart, Zhang Yida still said modestly on his face: "Dr. Tang has won the prize! I am a businessman covered in money. I am not that kind of academic, I can do some small business.

But for scientific and technological innovation, I have always supported it.Ruixiang Group also attaches great importance to the research and development of cutting-edge technology, and has invested more than 30 billion in it.

In today's globalization, technology is changing with each passing day. I think the core competitiveness of an enterprise lies in technological innovation, not pure model innovation. "

Zhang Yida said this not only to show that he attaches great importance to science and technology, but also to lay the groundwork for the next negotiations.

Talented scientists are generally very proud, and Tang Xiaoou is no exception.Although he exaggerated Zhang Yida on his lips, he actually didn't think so in his heart.A skilled person only accepts those who are more skilled than him.

Tang Xiaoou smiled faintly: "Boss Zhang is planning something big!"

Then Tang and Xu guided Zhang Yida to the company meeting room.

Xu Li also works in technology. He is much younger than Tang Xiaoou, only in his early 30s, and has a very direct personality. He said straight to the point:
"Mr. Lei, you said on the phone that Ruixiang Industry and Win-Win Fund intends to invest in Shangchao Technology?"

"That's right, that's what it means. Shangchao Technology is a very good AI technology company, Mr. Zhang and I admire you very much.

So, today, I just want to talk to you two about this investment. "

Lei Dongming said with a smile.

"We don't reject investment. However, we have reached a preliminary investment intention with IDG. The two bosses came a step late, but we still welcome participation in the next round of financing."

Tang Xiaoou said with regret.

"Hehe, the contract has not been formally signed yet! Ruixiang is very sincere this time. It provides not only funds for Shangchao Technology, but also a financial application scenario landing plan!"

Zhang Yida didn't hide it too much, and directly picked the words out.

Xu Li and Tang Xiaoou looked at each other in shock.Although the products developed by Shangchao Technology are very powerful, they have not yet reached the commercial stage.

However, commercial scenarios are an essential part of making AI products bigger and stronger. No matter how good or powerful the product is, if it has no commercial value, it can only be placed in the laboratory for self-entertainment.

Generate commercial value, bring in revenue, and the company will get a higher valuation, and then refinance and invest in research and development. This is a positive cycle.

Tang Xiaoou asked calmly: "Oh, Mr. Zhang means to cooperate with Shangchao Technology in financial AI application scenarios?"

"Yes, Ruixiang's positioning is not a traditional financial company, but a financial technology company, a technology company.

At present, we have launched a variety of financial technology products such as Mung Bean Credit, Tiance Technology, Ruixiang Financial Cloud, and Mobao Payment.

The fields involved include personal credit investigation, risk control system modeling, financial technology output, mobile payment, etc.

AI technology can be applied in these fields.In addition, Ruixiang has also invested heavily in technology research and development in cutting-edge technologies such as blockchain, cloud computing, big data, and AI. "

Speaking of this, Zhang Yida smiled: "Our AI does not conflict with yours. We mainly focus on the financial field. You are a platform company, and there is no contradiction between the two. On the contrary, we can strengthen cooperation and win-win for both sides. !"

After Zhang Yida's words, Tang Xiaoou and Xu Li were a little moved.Finally, I feel that Ruixiang's valuation of tens of billions of dollars is not fabricated by the media, and it is involved in more and deeper fields than they imagined.

"In this way, I will invite people from IDG to come over and have a talk. I am very interested in cooperating with Ruixiang."

Tang Xiaoou thought deeply. Ruixiang is a rising star. It is definitely a good thing for Shang Chao to cooperate with Ruixiang.

Especially in the current AI field, everyone is still exploring and experimenting with products at the initial stage. If Shangchao Technology can take the lead in commercialization and generate revenue, the situation will not be too good.

……

Representatives of IDG are based in Hong Kong Island, and arrived at the Shangchao Technology Office in a short while.

Tang Xiaoou came forward to communicate with him, the general meaning is: You let some share out, let Ruixiang participate, and then we will jointly carry out financial AI research and development and implementation with them.After the product was launched, the absolute valuation of Shangchao Technology soared, and everyone made a fortune together.

After thinking about it for a while, the IDG investment representative felt that cooperation is beneficial, and there was really no reason to object.After consulting with the company's leaders, they finally agreed to jointly invest in Shangchao Technology with Lianhe Rui.

"A round of financing of 2000 million US dollars, post-investment valuation of 1 million US dollars."

Tang Xiaoou reported his conditions.

Is the price quoted high for a company that has only been established for a few months and has no revenue?
This is the case for hardcore technology companies. They have to spend money on research and development first, and then talk about revenue.

Relying on a team of Ph.D. students, there are many international sensational papers in the industry, as well as products with a face recognition rate as high as 99.5%.

Worth the price!

Zhang Yida directly agreed: "Okay, no problem, after completing the due diligence, we will formally sign the contract and make payment."

The IDG investment representative wanted to haggle over the price, but seeing that Zhang Yida had agreed so readily, and Shangchao Technology was a hard-core technology that was scarce, he had no choice but to readily agree.

Ruixiang Industry Win-Win Fund and IDG each invested US$1000 million in Shangchao Technology, each holding 10% of the shares.

In addition, Shangchao Technology is also preparing to relocate the laboratory to Beijing at the invitation of Zhang Yida, and cooperate with Ruixiang in financial AI.

After the investment of Shangchao Technology came to an end, Zhang Yida ordered Lei Dongming to take down Questyle Technology and Yitu Technology.

Then Ruixiang Industrial Fund participated in Questyle Technology's B round of financing, investing 1000 million US dollars and taking 10% of the shares.

Yimin Financial Services Group and Questyle Technology have reached a strategic cooperation, and also jointly develop products in the field of financial AI.

This move is a bit unreasonable, betting on both ends.But the financial industry is big enough, and many AI companies will enter this industry to grab market share in the future, and Questyle and Shangchao Technology will not be able to talk about too intense competition.

As for Yitu Technology, which focuses on the medical field, its valuation is much lower than that of Questyle and Shangchao, whose valuation is less than 5000 million U.S. dollars.

Sharp invested USD 500 million in the industry fund and also took 10% of the shares.

……

After entering December, other brands of shared bicycles gradually appeared on the market.

A little blue bicycle appeared in Pengcheng...

Bicycles appeared in the magic city...

Xiaoming bicycle appeared in Yangcheng...

……

The business intelligence department has been keeping an eye on the market for Zhang Yida, and has been reporting to Zhang Yida every day recently, which city has established a new bike-sharing company, and which city plans to put in how many bikes...

Zhang Yida quickly called Huimin Bike and other high-level executives and held an emergency meeting.

At the meeting, Zhang Yida said:

"It has only been three months since Huimin Bike was launched on the market, and five or six bike-sharing brands have followed suit and launched their bike-sharing.

In addition, it is said that there are at least ten or twenty companies that have established companies and are still developing products urgently, and have not yet launched them on the market.

Tell me, what are we going to do next? "

He Qingxuan tilted her head and whispered:

"Why don't we start financing, build more bicycles, and kill them with the quantity!"

"This is also the right way of thinking. The financing has already been discussed and will be completed before the end of this month."

Zhang Yida praised her, which made He Qingxuan very happy.

Qin Zheng thought for a while, and then said:

"Assistant He is very good. I think it's time to start the next round of financing.

At present, several bicycle brands are launched in several other first-tier cities except Beijing.It is to see that our market share in the local market is not high, so we choose to attack from our weak point of defense.

At this time, we must quickly increase the number of Huimin bicycles in other cities.

Time must go fast!Otherwise, when they gain a firm foothold, it will be quite disadvantageous to us.

In addition, we have been vigorously recruiting offline dispatchers, and there is already a surplus of staff.

Not saturating the work of this group of people is also a loss to the company..."

Qin Zheng has been working harder since he was defeated as the CEO of Huimin Bicycle.Now when it comes to the work of Huimin Bicycle, it is straightforward.

Zhang Yida nodded, the overstaffing was also specially arranged by him.He can afford this loss.The purpose is to train troops in a big way and prepare for the second wave of market expansion that will be launched next.

To crush other competitors, the number of bicycles alone is not enough, and there must be a stronger offline dispatching team than competitors.

Huimin Bike CEO Huang Xiaofeng also spoke, preaching:

"At present, Huimin Bicycle operates 12 shared bicycles, with over 300 million registered users and over 100 million daily active users.

Compared with the data during the A round of financing, it has increased by nearly 3 times. "

(End of this chapter)