"Tell me the specific situation."

In the office, Zhang Shuo smiled and asked Lu Kai to sit down on the sofa.

"China Microelectronics' Series B financing is valued at 250 billion. It plans to sell 18% of its equity and raise 45 billion in one-time financing. It can be called China's largest financing in recent years."

This matter has spread in the circle, because Huaxia Microelectronics' appetite is really too big.

In February last year, Huaxia Microelectronics' Series A financing raised its valuation to an astonishing 200 billion. On the surface, the Series B financing raised the valuation to 250 billion, which seems reasonable.

But that’s not how the account is calculated.

During the initial Series A financing, Huaxia Microelectronics' valuation was obviously too high, which discouraged many investors at the time. Except for Germination, the remaining participants in the financing were basically the national team.

It's a bit like a blood transfusion.

In the past two years, Huaxia Microelectronics has not achieved any outstanding results. It has not even made a breakthrough in the 40-nanometer lithography machine. Its Zhongxin also has mediocre performance in the field of wafer foundry.

It has even been left far behind by latecomer Weijing Semiconductor.

It was under such a situation that China Microelectronics dared to quote a valuation of 250 billion, which was the same as the valuation of Daosui Group not long ago.

It is really tempting for investors.

No one would think that China Microelectronics can rival Daosui Group.

"Chairman, the valuation of China Microelectronics is a bit too high. I suggest that a symbolic subscription of 1% of the equity should be regarded as an explanation to China Microelectronics." Lu Kai also said bluntly.

During the A round of financing, Moya subscribed for 1% of the equity of China Microelectronics.

Later, this part of the equity was transferred to the name of Daosui Group.

Better than nothing!

Especially after the Series B financing, this shareholding will be diluted to 0.82%.

It's even more insignificant.

"No!"

Zhang Shuo shook his head firmly, "We must actively participate in this round of financing from China Microelectronics and even strive for as much investment share as possible."

Lu Kai didn't know, but Zhang Shuo knew what was going on.

After mastering the complete set of EUV lithography machine technologies, Huaxia Microelectronics is definitely worthy of a valuation of 250 billion. It is not certain who will take advantage of whom.

Of course.

Because the technology itself flows out from Zhang Shuo, he can feel at ease taking advantage.

"Uh, Chairman, have you received some, uh, information that the outside world doesn't know?" Lu Kai didn't think that his big boss would be confused about this kind of thing.

"Just take it as such."

Zhang Shuo neither admitted nor denied it.

"In that case, I will work closely with China Microelectronics." Lu Kai has no doubts anymore. He knows very well that his big boss is already a man with great hands and eyes.

He has a wide network of contacts.

Not to mention it, just take this contest with Gaotong to get a glimpse of the tip of the iceberg.

………

As soon as Lu Kai left, Lu Qi, the rotating president, walked in.

"Chairman, this year's work report by the person in charge of the subsidiary will be arranged on the 27th of this month. Do you think it's okay?" As the new year is approaching, the work report at the end of the year is also a major event in the bud.

This matter is naturally handled by Lu Qi, the rotating president.

"Can."

Zhang Shuo had no objection, but he thought of another thing and said with a smile: "When it comes to subsidiaries, I have an idea, please give it to the consultant."

"Chairman, please speak."

"Look, recently, the group has added two new subsidiaries, Nebula Technology and Moyin Technology, bringing the number of subsidiaries to thirteen. This does not include Sprout Real Estate, which was reorganized into a department."

The more directly affiliated subsidiaries there are, the more difficult it becomes to manage them.

If Sprout Group is a group company focusing on a certain industry, it would be fine if it has more subsidiaries. Many of them can be consolidated and managed.

The problem lies in the fact that Sprout's subsidiaries cover a wide range of industries.

This invisibly increases the management difficulty of the group headquarters.

This is why, after the completion of the sprout industrial park, Zhang Shuo immediately adopted Jiang Yue's suggestion, abolished sprout real estate, and reorganized it into the property management department of the group headquarters.

It is also consciously controlling the size of first-level subsidiaries.

But this is obviously not enough.

"My idea is whether Qinghe Technology, Jade Bird Interactive Entertainment, Qingyun Data, and the incubating Moyin Technology, which have relatively single businesses, can be integrated into a group subsidiary."

"what do you think?"

Qinghe Technology’s social and platform business, Qingniao Interactive Entertainment’s interactive entertainment business, Qingyun Data’s cloud computing business, plus Moyin Technology’s short video business.

Integrated together, it is almost the peak of the original time and space.

Except for not getting involved in the big entertainment field...

It can even be said that due to the existence of Moyin Technology, the newly integrated group subsidiary is expected to become a Tenda character jumping combination, which is even more awesome than Tenda.

In addition, Pin Xixi is competing against Ali, and Qingcheng Group is competing against the original time and space mold group.

It is no wonder that the uncle, the second uncle and others are worried about the Sprout Group dominating the Chinese Internet.

It is indeed very Dior!!!

"I agree with the integration idea proposed by you, Chairman."

Regarding this issue, as the executive in charge of the group's Internet business, Lu Qi has certainly considered it, but it involves the interests of too many people and too many departments.

It cannot be shaken by Lu Qi alone.

Only when Zhang Shuo, the big boss, took the initiative did Lu Qi express his opinion.

"From the perspective of company size, no matter whether it is Qingyun Data, Jade Bird Interactive Entertainment, or even Qinghe Technology, there is no way to compare with Maili Group, Daosui Group, or even Mango Group."

This is why, although Qinghe Technology and Jade Bird Interactive Entertainment are already subsidiaries of the group, they have not changed their names. Adding the word "group" is because they are almost meaningless in terms of scale.

Doesn't seem convincing enough.

The reason for being upgraded to a group subsidiary is mainly to appease the management of these two companies and give them the salary benefits they deserve.

The symbolic meaning is greater than the practical meaning.

Even if it is said that Jade Bird Interactive Entertainment is a hematopoietic machine comparable to Maili Group, it cannot conceal the singleness of Jade Bird Interactive Entertainment's business and the upper limit of its scale.

In the past year, the scale of Jade Bird Interactive Entertainment has basically maintained the status quo.

Can you take a look at Maili Group?

First, the tablet division was established, and then the laptop division was established.

And it's still going strong.

Not to mention the Daosui Group, which is also in the manufacturing industry. Through "radical" investment and mergers and acquisitions, it owns a large number of powerful subsidiaries such as Changchang Storage, Zhulong Technology, Weijing Semiconductor, and Jing Jiawei.

Weijing Semiconductor alone is comparable in size to Jade Bird Interactive Entertainment.

How can this compare?

With the launch of Mango M1, Mango Group, which is also in the manufacturing camp, has been expanding wildly in the past six months and is building a complete set of supporting industry systems.

Of course, the expansion of the three major groups itself is also related to the characteristics of the manufacturing industry.

But even against Qingcheng Group, Pinxixi Group, Jade Bird Interactive Entertainment, and Qingyun Data, which are also Internet companies, they all seem to be dwarfed by comparison.

Especially the "juniors" fight against the Xixi Group.

The scale of its subsidiary Qingfeng Logistics alone has exceeded that of Qingyun Data.

This is why.

Zhang Shuo proposed integrating Internet subsidiaries, but did not include Pinxixi Group and Qingcheng Group.

The two companies are already on their own, and there is still a lot of room for growth in the future.

"From a business perspective, Qingyun Data, Jade Bird Interactive Entertainment, etc. not only have a single business, but more importantly, cloud computing, social and platform, games, short videos and other Internet businesses are closely related to each other."

"So relatively speaking, the difficulty of integration is also the smallest."

"Okay!" Zhang Shuo smiled and nodded, "Since you also agree with my idea, then you will take the lead and come up with a practical integration plan as soon as possible. Then when the time is right, we will bring it to the board of directors for discussion."

Although the Germinal Board of Directors is Zhang Shuo's boss, the process still needs to be followed.

After all, this is such a big matter.

If it is really done, it will leave an important mark in the development history of the Germination Group.

"good!"

Lu Qi naturally obliged, but he also felt a lot of pressure.
To be continued...