If it were placed half a year ago, Sony would definitely not agree to this cooperation.
But things are different now. Even Sony didn't expect that a technology company from Xia, which they had never heard of, actually had MP3 decoding technology and chip production technology, and developed and produced MP3.
The reason why they are willing to cooperate with Netac is because Sony has decided to maximize its profits.
Sony has seen that with the development of technology, more and more companies will develop products such as MP3 in the future.
As a result, the price of MP3 will become lower and lower, and profits will also be diluted.
Rather than being passively beaten in the future, it is better to take the initiative now.
Netac has flash memory technology, and Sony has excellent flash memory production lines and MP3 decoding technology.
The cooperation between the two will save a lot of patent fees and share costs with each other.
From now on, Sony will continue to produce high-end MP3 players to increase the added value of its own brand.
Netac produces low-end MP3 players and quickly dominates the Xiaguo market at low prices, killing potential competitors.
With the cooperation with Sony, the representatives of Netac returned to Xia State, bringing back with them the MP3 decoding chip production line.
It is expected that Netac's new generation MP3 will be launched in a few months. It can be expected that its cost will be cheaper than Lingyue's.
Sony is also taking measures at the same time. It has begun to lower the sales price of MP3 players on the Xiaguo market in order to gain more users.
After all, in terms of brand influence, there is no way Lingyue can compete with Sony.
The cooperation between Sony and Netac can be regarded as a feeding plan.
The liberalization of MP3 chip production will allow some technology companies in Xia State to easily obtain MP3 chips.
As a result, there are not many companies willing to invest in the development of MP3 decoding chips.
The core technology is still in the hands of Sony.
However, neither Sony nor Netac expected that MP3's strongest competitor was yet to come.
This is the United States, the headquarters of Apple.
At this time, Jobs was also holding Sony and Samsung MP3 players.
He was thinking about a question, if Apple was asked to produce such a product, how would Apple do it?
It will definitely be made thinner and lighter by Sony and Samsung, and it will definitely store more songs than them.
Jobs began to design a new product that would be called the iPod.
Liu Kewen, representative of IDG Xia Guo District Headquarters, and his team have arrived in Jiangzhou.
He took the initiative to contact Chen Xiao, hoping to meet Chen Xiao.
Chen Xiao, who had just finished class, received a call from Liu Kewen.
The other party was very polite and respected Chen Xiao's opinion.
Chen Xiao thought there would be classes in the afternoon, so he said, "Just at the teahouse outside Jiangzhou University."
This location made Liu Kewen stunned for a moment.
As the representative of IDG Xia Guo District, Liu Kewen once led the investment in Internet companies such as Penguin and Baidu.
Every time I make an investment, the other party attaches great importance to it and chooses a relatively high-standard hotel or a conference room within their own company.
But Chen Xiao actually chose the teahouse outside the school.
It's not that Chen Xiao doesn't value the cooperation with ID-level, but it's just that there really isn't anything good about it.
The best hotel in Jiangzhou is in the Xincheng District of Jiangzhou City, which is nearly a two-hour drive from the school.
Chen Xiao's company location is also too small, and an independent office cannot accommodate so many negotiators.
Therefore, the teahouse outside the school is the best choice.
At 11:30 in the morning, Chen Xiao met Liu Kewen and his party in a private room at Yipin Teahouse outside Jiangzhou University.
Liu Kewen has a large team, including professional negotiators and legal and economic representatives.
After seeing Chen Xiao, Liu Kewen was still a little surprised.
He has met many founders of start-up companies, some of whom are indeed relatively young, but few are as young as Chen Xiao.
The 11181 website was founded a year ago. In this way, Chen Xiao founded the website when he was in high school.
First of all, Liu Kewen gave a very high evaluation to the 11181 website.
As a new type of navigation website, this kind of creativity is unprecedented, and its market share is also very wide.
Different from the Internet environment in the United States, the 11181 website is very consistent with Xia's Internet ecological environment and users' Internet habits.
Almost whenever a Xia person wants a portal website, the first thing they open is the navigation website.
11181 portal has occupied most of the country's market.
After some pleasantries between the two parties, Liu Kewen directly gave his conditions.
Liu Kewen valued the 11181 website at US$3 million.
IDG is willing to invest US$3 million to acquire 30% of the shares of the 11181 website.
Of course, since Baidu also owns shares of the 11181 website, after IDG moves in, the shares of Baidu and Chen Xiao will be diluted at the same time.
Baidu will own 15×0.7%, equal to 10.5% of the shares, Chen Xiao will own 85×0.7%, equal to 59.5% of the shares, and IDG will hold 30%.
Chen Xiao still has control of the company.
The valuation of 3 million yuan is much lower than that of Baidu or Penguin, but as an innovative Internet company, this valuation can be ranked among the top in the entire Xia Kingdom.
As a navigation website, it does not generate much profit. Even if it does some advertising on the web page, the advertising cost will not be much.
Moreover, in order to ensure the cleanliness and purity of the website, the advertising content is partially placed on the side pages, so the profit from advertising costs is not high.
In fact, the technical difficulty of navigating a website is not high, and anyone can do it if they want to.
The reason why Chen Xiao's website was favored by investment companies was because he seized the opportunity and occupied the market as soon as possible through a series of operations such as Internet cafe management system and plug-in promotion.
The most important reason why IDG is willing to invest in the 11181 website is that it values the traffic flow of the website.
Baidu is the best example. Currently, 40% of Baidu’s traffic comes from the 11181 website.
Once you have a traffic access port, everything else will be easy to deal with.
Chen Xiao's reaction made Liu Kewen a little confused.
Chen Xiao was too calm and didn't feel any shock or excitement at all.
According to the current exchange rate, 3 million meters is equal to 24 million RMB.
24 million, many people will never make that much money in their lifetime.
Moreover, if Chen Xiao invests 24 million in the company, as long as he manages it seriously, he will basically have nothing to worry about in his life.
Chen Xiao smiled and did not answer the question immediately, but took out the laptop he had prepared.
After he turned on the computer, he pointed to a program and said: "This is the latest program I developed. I think this will help the 11181 website occupy more markets. Mr. Liu will take a look at this program first and then make your decision."