Chapter 297 Huaxia Microelectronics, the chip breakthrough begins!
Returning to Binhai City, Zhang Shuo did not immediately get into work.
So tired!
Instead, Chen Lu went to Sanya with her, rented a seaside villa, and had fun for five days and five nights. Finally, the fatigue accumulated over the past year was completely gone.
It was only on February 2nd that I was fully resurrected and returned to work at the company.
Before he went to work, Lu Kai, the rotating president, had already distributed red packets on behalf of the group to employees who had started work on the first day. At the same time, he also distributed a start-up red envelope of 200 yuan to each employee through Weixin.
Even Zhang Shuo received it.
On my first day back at the company, of course I was dealing with the squeezed documents and looking through the work briefings compiled by the president's office.
In the past month, because it spanned the Spring Festival holiday, there was actually not a lot of backlog. The most outstanding performance was still Jade Bird Interactive Entertainment, which took advantage of the Spring Festival holiday and turned in a profit of 980 million that month.
Qinghe Technology also performed well.
With the help of the Spring Festival red envelope activity, the number of Weixin card-linked users exceeded the 60 million mark, and five million new Weixin users were added, further consolidating its position in the mobile social field.
Of course, it cannot be taken lightly.
Last year, China's smartphone sales exceeded 100 million units for the first time, and this year is expected to reach a new high. Many institutions have given forecast data of about 180 million units.
mean.
This year alone, domestic smartphone users will double.
For Weixin, this is not only an opportunity to continue to attract new users, but also a major challenge. It must ensure that in terms of user experience and user stickiness, it continues to outperform competitors such as ICQ, WeChat, and MiLiao.
Except Wei Xin.
The explosive growth of new users is also a major benefit to Jade Bird Interactive Entertainment.
Even if Jade Bird Interactive Entertainment no longer launches new mobile games in 2012, it can still make a lot of money just by relying on the more than 20 popular mobile games that were launched last year.
Cao Yanhua has even shouted the slogan that monthly profits will exceed the 2 billion mark before the end of the year.
If it really succeeds, even if it comes close, then Bluebird Interactive Entertainment is expected to surpass Tenda Games in one fell swoop and become the most profitable game manufacturer in the world.
Let’s go back to Qinghe Technology.
In addition to Weixin, with the popularity of Dota 2 and the blessing of mobile game live broadcasts such as "Ball Wars", "Synthetic Watermelon", "Snake Battle", "Candy Crush Saga", Panda Live's daily activity
It has also approached the two million mark.
The collective signing of JWG team, MLG team, etc. has also started the first live broadcast of professional players.
The future is promising.
Zhang Shuo couldn't help but think of the original space-time game live broadcast market. Whether it was Moyu, Huya, or Xiaopozhan, the major shareholder behind it was Tenda. The Tenda family covered the entire game live broadcast track.
Although Tenda E-Sports, which was incubated at home, unfortunately died midway...
In this life, it is hard to say where the king combination of Jade Bird Interactive Entertainment and Pangda Live will go in the future, but it is bound to break the dominance of Tengda.
Except for Panda Live.
The Automobile Network app under Qinghe Technology has also been launched on IOS and Android at the same time, officially starting the mobility process and taking the lead in seizing the automotive mobile track.
According to Zhao Xiaohu’s report.
He is already coordinating Automotive Network and Panda Live, and plans to open an auto live channel on Panda Live to enrich Panda Live content while also assisting the transformation of Automotive Network.
It can be said that it kills two birds with one stone.
I have to say that Zhao Xiaohu is very good at product research and development.
Whether it is games owned by Qingniao Interactive Entertainment, Weixin, Panda Live, or AutoNet APPs owned by Qinghe Technology, including Qingcheng APP owned by Qingcheng Group, they were able to run smoothly during the Spring Festival without a single lag.
All thanks to the server support provided by Qingyun Data behind the scenes.
Since the data centers in Magic City and Haijin City were built and put into use, Qingyun Data has initially built a nationwide server network.
During the Spring Festival.
But not only the Weixin team is working overtime, many maintenance teams at Qingyun Data are also working hard overtime.
And all of this is based on the financial support of the group.
January has passed, and February has just arrived. No, the group's finance department is on time and has reported the February fund application to Zhang Shuo, waiting for approval, including——
Pay 640 million progress payment to Nokia;
Allocate 500 million R&D special funds to Maili Technology;
Allocate 200 million R&D funding to the Fertile Soil Research Institute;
Allocate 100 million public welfare funds to the Chunmiao Fund, including 30 million special expenditures;
Allocate 500 million project funds to Germination Real Estate.
Fortunately, the operating funds of Qinghe Technology, Jade Bird Interactive Entertainment, and Qingyun Data have been allocated last month. This month, we only need to ensure the R&D funds of Maili Technology and Fertile Land Research Institute.
at the same time.
As the construction of the sprout industrial park is about to start, the project funding for sprout real estate has increased to 500 million, which adds up to 1.94 billion. This is already a relatively small month of funding.
--slightly--
[Reputation]: Level 3 (98,800/100,000)
[Level]: Level 9 (6 million/8 million)
[Support Fund]: 10 million/day
【Cash】: 10.88 billion
[Loan]: 10.8 billion (bank loan) 700 million (corporate bond)
--slightly--
In the past January, Qiandu’s 12 billion in funds have been received. Adding in the 1.8 billion in revenue from selling overseas agency rights of Jade Bird Interactive Entertainment and the 980 million in profits handed over at the end of the month, Sprout Group’s profit for the month was close to 15 billion.
A new record was set.
At the same time, the group’s expenditures in January were also record-breaking, including allocating 1 billion to Germinal Investments, allocating 3 billion to Germinal Financial Holdings, and spending a huge 5.5 billion on land purchases.
To this end, an additional 3.85 billion bank mortgage loans were added.
As a result, the total amount of loans of Sprout Group has officially exceeded the 10 billion mark, reaching an astonishing 10.8 billion.
Even so.
In the past month, Sprout Group's liquidity on its books still increased by 7.48 billion, with total cash reaching 10.88 billion, slightly exceeding the total loans.
This is also the most abundant amount of funds in Sprout's account so far.
Another result of the large profits and large expenditures is that the experience value has increased from the previous 3.42 million to 6 million, which has almost doubled.
The upper limit of 8 million experience points no longer seems to be out of reach.
if things go well.
The entrepreneurial level is expected to rise to level 10 this year.
It stands to reason that level 10 should be a big hurdle, as can be seen from the demand for experience points, but I don’t know if there will be any new changes in the system after the upgrade.
Quite looking forward to it!
It should be noted that although after financing, the profits of Qingcheng Group cannot be directly handed over to Sprout Group, the relevant experience value is still converted on a proportional basis.
The system is very fair in this regard.
Not only Qingcheng Group, but also the operating income generated by Qingyun Data and Qinghe Technology under the Germination Group will automatically calculate the experience value. This is also one of the sources of confidence for Zhang Shuo to upgrade to level ten this year.
There is also one major change.
Due to the scandal of the richest man, Zhang Shuo's personal reputation has also increased. His reputation value once reached 98,800, and it is expected that he will receive another upgrade soon.
It’s also well worth looking forward to.
In general, after entering 2012, the development trend of Germination Group has become clearer and clearer, and all businesses have gradually moved on the right track, no longer the grass-roots team before.
"In addition to continuing to delve into the Internet, it is also time to lean towards the manufacturing industry."
Zhang Shuo has a sense of mission and a sense of crisis. He knows that the achievements in front of him are just castles in the air and will not stand the test before the real crisis arrives.
If we want to achieve stable and long-term development, we must make breakthroughs in core technologies such as chips.
Just thinking about it.
Zhang Shuo then received a call from his second uncle.
"I came home on the weekend and the chip matter has been settled."
"good!"
Zhang Shuo was very excited. This matter had been delayed for more than half a year, and finally a breakthrough was made.
………
afternoon.
Lu Kai found Zhang Shuo and reported on the work.
"Mr. Zhang, the two new companies of Sprout Investment and Sprout Financial Holdings have been activated and the relevant filing work has been completed. The application materials for the financial license of Sprout Financial Holdings have also been submitted and are waiting for official approval."
"Can it pass?" Zhang Shuo asked.
"It shouldn't be a big problem."
Lu Kai is very confident, "Sprouting Financial Holdings has a registered capital of 3 billion, and it is paid in. It is already a relatively large financial services company. It is also endorsed by the payment license of Weixin Pay, and the official supervision of Internet finance is relatively
It’s very lenient, and our materials are fully prepared, so there’s no reason not to pass.”
There is another point that Lu Kai did not mention.
That's because after the rich man incident, Mo Yao was considered a nominal official official.
Things go more smoothly.
There will be no fearful interference.
"As for personnel, how are they arranged?" Zhang Shuo continued to ask.
"According to your previous instructions, Sprout Investment is affiliated to the Group's Investment and M&A Department, sharing the same team and not adding any new staff. Sprout Financial Holdings plans to set up a new department in the group to operate, and it is expected to form a team of more than ten or twenty people.
A capable team." Lu Kai had already planned this.
The subsidiaries headed by Sprout Group appear to be independent first-level subsidiaries, but in actual operation, they are more like a department under Sprout Group.
For example, in terms of independence, the previous Sprout Real Estate could not compare with Jade Bird Interactive Entertainment, Qinghe Technology, etc.
"For the team of Germinal Financial Holdings, my plan is to recruit two people from Qinghe Technology Payment Center, one person from the Investment and M&A Department, and the rest from outside."
"Just communicate with Director Wu about this."
Zhang Shuo usually does not directly intervene in personnel arrangements and transfers at the department staff level.
"good!"
Lu Kai also enjoyed this kind of trust, "By the way, Mr. Zhang, the A-round investment in Tubatu has basically been finalized. With an investment of 30 million, we will obtain 32.5% of Tubatu's shares."
Under normal circumstances.
The amount of Series A financing is not very large, and it is rare for the recipient to receive close to one-third of the shares.
There are two considerations here.
First, the registered capital of start-up companies is often not high, and it is all subscribed but not paid in.
If an investment institution injects a large amount of funds at one time, far exceeding the registered capital, then the founder will run the risk of actively filing for bankruptcy and running away with the money.
Second, start-up companies’ demand for funds is also increasing step by step.
It does not mean that tens of millions or hundreds of millions of funds will be invested at the beginning. In the early stage, product research and development will be the main focus, and the thirst for funds will be secondary.
Therefore, start-up companies often open multiple rounds of financing to ensure that they can obtain sufficient financial support at the right time and not lose control of the company quickly.
Sprout's investment in Tuba Rabbit is obviously an unconventional one.
First, this is not a purely financial investment, but a strategic investment. The purpose of the investment is to integrate the Tubatu decoration platform into Qingyun.
Germination needs to hold enough equity to gain a greater say.
There is also an acquisition clause in the investment agreement for Tubatu. Once the time is right, Germination can activate this clause to acquire the remaining shares of Tubatu and fully integrate it into Qingyun Data.
Secondly, in view of Scarlet Capital’s previous coveting of Tubatu, Sprout has to guarantee that even if Tubatu subsequently launches Series B financing, Sprout will be able to lead the Series B financing.
Don't give Scarlet Capital an opportunity to take advantage of it.
"Yes, it is still the old rule to transfer Tubatu's shares to Qingyun Data. The director of Tubatu's board of directors is also served by General Manager Du Ruiwen."
Zhang Shuo is deliberately injecting new high-quality assets into Qingyun Data and Qinghe Technology.
When the time is right in the future, both Qingyun Data and Qinghe Technology can start Series A financing to obtain new development funds and further avoid being a solitary investor.
Moreover, the more complex the subsidiary's ownership structure is, the more conducive it is to hiding Zhang Shuo's wealth.
"Mr. Zhang, I have two investment goals, which I think are pretty good. Can you take a look at them?" After talking about business, Lu Kai took out two documents prepared in advance.
This chapter is not over, please click on the next page to continue reading! "Okay."
Lu Kai was so enthusiastic, so Zhang Shuo certainly couldn't dampen his enthusiasm.
Two investment objectives.
One is Xiyin, which is engaged in cross-border e-commerce. It is a fast fashion export cross-border e-commerce Internet company established in 2008. It integrates product design, warehousing supply chain, Internet R&D and online operations.
Yuanshikong is also a unicorn company with a valuation of over 100 billion.
Logically speaking, Xiyin is engaged in cross-border e-commerce and has nothing to do with the current business of Sprout Group. However, Zhang Shuo has actually intended to start the Pinxixi project.
If so, then the two can have a little chemical reaction.
The other is Kuang Shi Technology, which specializes in artificial intelligence. It was just founded last year. With deep learning as its core competitiveness, it integrates algorithms, computing power and data in an attempt to create a "trinity" new generation AI productivity platform.
It is also a unicorn company, with a valuation of nearly 30 billion in ten years.
Seeing Kuang Shi Technology, Zhang Shuo thought of the famous entropy soup technology in the field of space-time artificial intelligence, which seemed to have originated from the research team at Xiangjiang University.
It also follows the path of joint entrepreneurship between professors and students, which is very similar to Wujiang Technology.
It probably hasn't taken shape yet.
If there is a chance, you can ask Professor Wu to inquire about it. Perhaps this team can be packaged and absorbed into the Fertile Land Research Institute to enhance the talent pool of the Fertile Land Research Institute in the field of artificial intelligence.
As one of the most difficult areas to break through, the more R&D teams the better.
"Both projects are pretty good. We can consider investing. I will contact you specifically to check." Since Lu Kai is responsible for the group's investment business, Zhang Shuo must give full authorization.
He could understand Lu Kai's mood. The new official had three things to do when he took office.
I have just assumed the role of rotating president, and my term is only half a year. I want to make some achievements as soon as possible during my term, especially in the areas of investment, finance and other supervisory areas.
"good!"
Lu Kai was even more excited now.
………
The next day was Friday, and Zhang Shuo continued to deal with the work at hand.
In the morning, I called my senior brother to the office.
"This is a software plan written by me. The old rule is to leave it to the technology center for incubation."
What Zhang Shuo threw out was Pin Xixi's plan.
In the original time and space, Pinxixi was launched in April 2015. Counting the internal incubation cycle of the project, Pinxixi may have actually established the project earlier.
Let's do the math.
This means that Zhang Shuo will reveal Pin Xixi's trump card two or three years in advance.
Of course it's not purely for making money or cutting leeks.
Although Pin Xixi has many criticisms, such as too many counterfeit and shoddy goods, too deep bargaining routines, and having an indestructible body that cannot be hacked to death by 60,000 people.
But the so-called existence is reasonable.
When Time and Space Pin Xixi was born, domestic e-commerce had already been a red sea. E-commerce giants such as Mobao, Jingdong, and Amazon had already dominated the market, ending the period of barbaric growth of e-commerce.
According to common sense, it is impossible to succeed in fighting Xixi.
But the reality is so magical. Pinxixi Leng surrounded the cities through the countryside, and in just two or three years, it carved its way into the red sea of e-commerce.
Successfully achieved counterattack.
That’s why some people commented that Pinxixi is a magical company. It was born when everyone thought that the e-commerce landscape was set and the history books had been written.
The magic is still there.
The first time young people learned about an Internet company was from an elder who usually couldn't keep up with the trend. It was from a family group that usually turned to health-preserving chicken soup articles.
In 2017, Pinxixi's GMV reached over 100 billion yuan, second only to Mobao and Jingdong. In November of the same year, its daily order volume exceeded Jingdong.
What can be compared is——
It took Jingdong 10 years to achieve the milestone of 100 billion annual GMV, Vipshop took 8 years, Mobao took 5 years, and Pinxixi only took two years and three months.
Facts have proved that China’s e-commerce market is far from saturated and there is still a vast space.
Even in 2017, the gap between rich and poor is still large, and many third- and fourth-tier urban and rural residents have low purchasing power due to local consumption levels.
While other platforms are striving to create high-quality experiences and serve mid- to high-level consumers, Pinxixi chooses to do the opposite in order to acquire a large number of users.
Zhang Shuo understands this very well.
Take Mobao as an example, its positioning is becoming more and more high-end, but its prices are becoming more and more "touching". Even the so-called Double Eleven has more tricks than benefits.
Sometimes he would rather buy things offline than at Mobao.
The dragon-slaying boy back then had long since grown into a new dragon, and then became the largest tenant on the Internet, an e-commerce company, with annual advertising revenue exceeding 100 billion.
It's funny in itself.
Zhang Shuo launched the Pinxixi project at this time, naturally to learn from the successful experience of the original time and space, and then eliminate some harmful elements to make a compromise integration and inject new impetus into domestic e-commerce.
Serving the neglected low-income groups.
As for whether it is profitable or not, Zhang Shuo doesn't really care.
Of course, since the Pinxixi project is launched now two years in advance, there is a big uncertainty, that is, Weixin, or smartphones have not yet spread to rural areas.
The rise of Pin Xixi can be regarded as the right time, right place and right people.
First, it benefits from the popularity of 4G networks in rural areas, second, it benefits from the rise of domestic smartphones, and third, it benefits from the large-scale popularity of Weixin among middle-aged and elderly people in rural areas.
These three points are indispensable.
This condition was definitely not met in 2012. 4G networks were only rolled out in large areas in cities this year.
Mid- to low-end domestic smartphones represented by Xiaomi have just emerged. They are mainly used by urban users and have not penetrated into rural areas.
Without smartphones as a carrier, Weixin’s sinking would naturally be out of the question.
At least until next year.
Zhang Shuo’s idea is to develop Pinxixi software first, then form a team for trial operation, and slowly accumulate experience in the e-commerce industry over one to two years.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! It is better to go slower in the early stage than to say that you are weak in the follow-up.
Anyway, before Pinxixi became successful, it is estimated that not many people would think that Pinxixi model could be successful, and there was no need to worry about being plagiarized.
Bashi!!!
………
January 6th, Lantern Festival.
Zhang Shuo couldn't go to Mr. Tang's house on the weekend because Mr. Tang invited him to celebrate the Lantern Festival with him.
According to Chinese tradition, Lantern Festival, like New Year's Eve, is actually a day for family reunion, but because of the hard life of migrant workers, many of them have left their hometowns.
Often people have already left their hometown before the Lantern Festival, so there is no Lantern Festival.
There’s no such atmosphere!
The old man took Zhang Shuo very seriously and specially invited Zhang Shuo, which shows that he really regards Zhang Shuo as one of his family members.
Before eating, the second uncle took Zhang Shuo to chat and talked about chips. "The official has established an aircraft carrier enterprise in the chip field - China Microelectronics Group, which controls China Microelectronics Co., Ltd."
"This is a good thing."
Zhang Shuo was very pleased that he finally changed the trajectory of history a little bit.
"In order to increase R&D investment and raise R&D funds, Huaxia Microelectronics Co., Ltd. plans to use 10% of its shares for Series A financing. There is no limit to the number of financing objects."
"In other words, Germination can also participate?" Zhang Shuo was very surprised.
"Yes."
Tang Yi smiled and nodded, "But there is one thing. Each family can only subscribe for 1% at most."
"How much can it cost?" Zhang Shuo, however, has a lot of money.
"This is where you are mistaken. Huaxia Microelectronics' valuation is 200 billion. In other words, even if you only subscribe for 1% of the shares, you will have to spend 2 billion in real money."
"With a valuation of 200 billion, can I know what assets have been integrated?" Zhang Shuo was a little confused.
To know.
It's still 2012, and a valuation of 200 billion is definitely considered a giant.
"I have a piece of information here, take a look."
Tang Yi was also prepared.
"good."
After Zhang Shuo read it, he didn't make too many comments.
The integrated industrial chain of Huaxia Microelectronics is mainly concentrated in the midstream of the chip industry chain, including the research and development of complete sets of equipment such as photolithography machines, as well as wafer manufacturing and processing.
There are more than 300 integrated enterprises and scientific research institutions, but because the technical level is still far behind the international advanced level, the valuation of 200 billion is definitely on the high side.
Almost draining the appreciation potential in the next five years.
Moreover, because the chip industry is a technology-intensive industry and China is a pursuer, the results of many previous attempts have been unsatisfactory.
Although I have made up my mind this time, there is actually a big question mark as to whether it can be done.
"You agreed?"
Tang Yi had some expectations.
Precisely because the valuation is on the high side and the potential risks and uncertainties are huge, subscribing to shares of China Microelectronics at this time is essentially akin to generating electricity for love.
"agree!"
Zhang Shuo was very calm.
Regardless of whether Huaxia Microelectronics is successful or not in the future, if the two billion yuan is invested in Germination, it will not seek any return on investment, but it will be able to make some contribution to the domestic chip industry.
Without the integrated platform of China Microelectronics, even if Zhang Shuo was willing to spend 2 billion to fund the research and development of lithography machines in the name of Chunmiao Fund, there would be no way.
It can be seen that the platform is indeed very important.
In addition to investing in China Microelectronics, Germination will definitely continue to make efforts in the semiconductor industry chain in the future, such as establishing its own integrated circuit design company.