Reborn in 2010, the AI in my mind is too powerful.
Chapter 242 How to Invest in Xiaomi
Chen Yiran had originally hoped that her grandmother could simply stay in the hospital, since there were top-notch medical staff there. The environment was also quite nice; compared to the wild plants in the village, the flowers and grass here were much more pleasing to the eye.
What Chen Yiran values most is the school's nutritious cafeteria.
Not only are there professional nutritionists who have returned from studying abroad, but there are also experienced traditional Chinese medicine doctors who actually treat high-ranking officials who come here to provide consultations.
While traditional Chinese medicine may seem somewhat mystical in many aspects, it does have some merit in dietary therapy.
But his maternal grandparents wouldn't have it. After he stayed for a week, they dragged him over to be criticized and denounced.
Grandma whispered, "I know you have money now, and those numbers make my head spin, but isn't this place too expensive?"
"It's not expensive at all, only a thousand or two a day."
Grandma gently patted Chen Yiran's head, took out her phone, and said, "Do you think I'm stupid? I know how to use a phone now! I looked it up online, and it says it costs over ten thousand a day here."
"Hey, what's a little over ten thousand? My daily bank interest alone is more than that. Don't worry about it."
Grandma was still a little hesitant: "It was alright at first, but it gets boring after a while. There's nothing to do all day. I could grow some vegetables in the village. Besides, my illness isn't something I can only recover from. I still think it's better to go home."
Compared to Grandma's calm demeanor, Grandpa was much more agitated. He said angrily, "Let me tell you, those nurses are so mean! Every time I bump into a tree, they come over and laugh at me, making me very uncomfortable!"
While cracking sunflower seeds, Chen Yiran calmly said, "Isn't it effective? You stopped trying to crash into things, didn't you? I told you that has no scientific basis."
"How can there be no evidence? Aren't all the old men in our village practicing it?"
"Grandpa Li next door, he broke his arm that time, and his son even came to our house to extort money from us, you remember? He said you taught him to do it."
Grandpa couldn't argue with him, so he turned his head and pretended not to hear.
Although Chen Yiran was very reluctant, she ultimately couldn't persuade her grandparents to go back to the village.
After all, the doctor said that going along with the elderly is indeed more beneficial to their physical and mental health. Of course, if conditions permit, Chen Yiran can keep some doctors and medical equipment in the village.
Chen Yiran entrusted United Family Healthcare to do these things, stayed at home for another week, and then went to Xiaomi to meet Lei Jun, who was already very eager.
----------------------
On July 1, Chen Yiran arrived at Xiaomi's headquarters, where he was received by the seven founders of Xiaomi.
Chen Yiran carefully examined Xiaomi's company situation from beginning to end.
The situation was unexpectedly bad; they couldn't even be promoted to a higher level. In Chen Yiran's case, they could only be promoted to a lower level.
Chen Yiran knew that Chinese manufacturers weren't doing very well these days, but he didn't expect them to be this bad.
At first glance, Xiaomi appears to have over a thousand employees.
However, in reality, Xiaomi's operations and customer service account for more than 800 employees.
And then there's the market, administration, and management.
Ultimately, the number of technically skilled individuals is only about one hundred.
Hong Feng's MIUI team had only 25 core engineers.
Zhou Guangping's hardware team consists of only a dozen or so people, but because they are all veterans poached from Motorola, their strength is actually greater.
Huang Jiangji led the remaining peripheral engineers, putting out fires and helping out everywhere, and also had to take extra responsibility for cloud server and router projects.
In the conference room, Chen Yiran asked everyone else to leave first and gave Lei Jun instructions one-on-one.
"There are too few people. You can probably guess why I invested. With your current number of people, maintaining the MIUI UI layer is already at its limit. The Android branch requires independent maintenance of the framework layer, tracking of security patches, driver adaptation for hundreds of devices, and a compatibility testing matrix."
Even if we focus on a China-specific product and don't need to manage global multilingualism, multi-frequency bands, and various foreign carriers, we'd still need about 100 to 150 people. We can't all rely on Samsung to supply them.
Lei Jun quickly nodded in agreement: "You're right. We were originally in the process of Series C financing, and we planned to expand after the financing. I wonder how you'd like to cooperate? Would Aurora Group directly acquire some of our shares? If so, we can accept a share swap from Aurora Group."
Chen Yiran laughed: "You're dreaming. Aurora Group isn't that easy to get into. Besides, I need a company to help me reduce the overall influence of Android, and Xiaomi doesn't currently have any areas that Aurora is interested in."
Lei Jun asked, slightly disappointed, "So, how would you like to collaborate?"
"What was your valuation at during your Series C funding round? What's your current team composition?"
"Four billion US dollars, led by DST Fund, who have been snapping up Chinese internet companies all year, investing one hundred million US dollars. Others include Qualcomm, which came in at Series B, Temasek, and my own Shunwei Capital."
There are also three original shareholders who have been with the company since its Series A round: Qiming Venture Partners, IDG Capital, and Morningside Venture Capital.
They will put up a total of $2.16 million in exchange for a 5.4% stake.
Chen Yiran thought for a moment and said, "In this way, Aurora Group will invest based on a valuation of three billion US dollars. It will not invest in cash, but will use the authorization for embedding Doubao into the domestic Android branch to take a 30% stake. Aurora will sign a concerted action agreement with your founding team."
Then, the valuation of those seven companies at 4 billion was too low. If we asked them to invest at a valuation of 10 billion US dollars, I believe they would agree.
Then you need to start hiring, and try to be as self-sufficient as possible in terms of the system.
This is a pretty good deal. The company's valuation has increased significantly, and they can raise more cash. Although a lot of shares were given away, Chen Yiran essentially entered the company through technical means before the Series C funding round.
After the next seven companies entered the market, diluting the company further, Lei Jun's founding team only had about 49% of the workforce left. However, if Chen Yiran didn't want to get involved and signed a unified action agreement, he could still firmly control Xiaomi.
Moreover, Lei Jun astutely perceived some of the underlying issues and tentatively asked, "Should we play the domestic card?"
Chen Yiran nodded: "It's not us, it's you who wants to play the domestic card. If we use Google's Android, we're handing over the security of hundreds of millions of mobile phones in China to an American company! We can't do anything about computers anymore, are we going to hand over the system to outsiders for the next generation too?!"
That's about it. You can handle it as you see fit; I only care about the results.
Lei Jun thought for a moment and asked, "You are also an Apple shareholder, so I have to remind you that this may affect Apple's sales in China."
Chen Yiran waved his hand: "It's okay, I don't own many shares in Apple. Besides, Apple also has a share in the overseas market. And most importantly, these methods won't kill Apple. Closed-source systems are more reassuring. The impact on Apple in China won't be too severe."
"How do we control other domestic manufacturers? If we develop our own branch of Android, we'll definitely have to use app store revenue sharing to make a profit, right?"
Now all those manufacturers use their own official stores. If we ask them to give up their store's revenue share and use ours, they definitely won't be happy.
Moreover, domestic app stores like 91 Mobile Assistant, Wandoujia, and several other third-party app stores also have a significant market share.
"Things like 91 Mobile Assistant are nothing to worry about. Who knows how safe the things on it are? Any software that hasn't been reviewed by our system will be flagged as unsafe during installation. If the software is available in our store, we'll just give a warning and redirect you to our official store."
Lei Jun's eyes lit up. The technical genius in front of him was also very successful in business. He was worth following.
"That's a great idea! But what about the manufacturers? What should we do?"
"I'll tell you about that later. Today, Qualcomm's Paul Jacobs is coming to Beijing to see me. I'll talk to you again after I confirm with him."
Lei Jun's eyes lit up even more: "I understand, boss. I'll notify the company's legal department first, and we'll sign the equity investment agreement as soon as possible."
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