Chapter 022: The Empty Gloves White Wolf Said So Directly
Ye Hua's call came in successfully, and he had a very smooth conversation with the head of Baofeng Technology.
For no other reason, Baofeng Technology’s recent continuous stock market declines are due to the impact of Coastline Technology’s holographic technology. Even though Baofeng and Coastline are not even close to each other, this matter is still so close. Who let Coastline Technology?
Holograms are rushing to eliminate pan-screens and usher in a screen-free era, and Baofeng is betting on television.
Naturally, Shoreline Technology, a little-known start-up technology company, quickly attracted the attention of Baofeng's senior management, and the call was sent to the boss of Baofeng Technology.
The next day, Mr. Feng flew to Shangdu and listened to Ye Hua's brief description of the story on the phone. But Boss Feng was obviously moved by the story.
There is no way, Mr. Feng is more anxious than Ye Hua. Coastline Technology is now a barefoot type, and it will be closed down at worst, but Baofeng Technology cannot do that.
The dilemma that Baofeng is facing now is that some time ago it disclosed a small-amount rapid financing plan for the entrepreneurial sector of no more than 50 million yuan, and then the stock market opened to the limit the next day. If time were pushed forward a little further, Baofeng Technology had just
Withdrawn a fund-raising application amounting to approximately 1.8 billion.
The current storm has become so bad that even 50 million funds need to be raised in the market. You may not even be able to come up with this amount of money. You can still have a glimpse of how bad it is. You must know that it was once a large Internet company with a market value of more than 40 billion.
Baofeng is very short of money now, super short of money. In order to raise funds, Mr. Feng had 100% of his stocks frozen and pledged; the company's product sales were poor and cash flow was tight: Baofeng Magic Mirror purchased 1.5 million yuan and receivables were nearly 60 million; payables
Accounts are greater than accounts receivable, inventory is overstocked, and money is short of money!
This is the current situation of the storm.
After Mr. Feng got off the plane from Shangdu Airport, he directly called Ye Hua and agreed on the time and place to meet on the phone. It can be said that the sooner the better.
As soon as they arrived that afternoon, Ye Hua took Qiao Wei to the meeting place, a high-end business hotel in the center of Shangdu City, for an interview.
Mr. Feng was also surprised to see a young man and woman arriving. They looked more like a boyfriend and girlfriend or a couple. It was hard to imagine that he would be sitting down with such young people to discuss cooperation.
"Nice to meet you, Mr. Feng!"
"Mr. Ye is really amazing at how young he is. I have to say that his future life is formidable."
The two parties shook hands politely when they met, and Ye Hua also saw that even though he was hiding it, his tired expression still showed a trace. Baofeng's recent situation was in a terrible mess, and he had just gotten off the plane, so no one could really send and receive messages freely.
As soon as the two parties sat down, Mr. Feng said in confusion: "Mr. Ye, I'm curious why you didn't seek VC financing instead of Baofeng's endorsement?"
"Mutual endorsement!" Ye Hua emphasized correctively, and then said with a smile: "Mr. Feng, if Coastline Technology wanted to seek VC investment, we would not have the problem of sitting at the same table to discuss cooperation now. In fact,
The people from VC have all been to Coastline Technology, and they are all well-intentioned, but I drove them away."
Mr. Feng expressed surprise that there are still start-up companies kicking out VC investors these days?
It’s really a long time to see you!
"That's true." Mr. Feng finished his thinking and said straight to the point: "In that case, Mr. Ye, can you explain in detail what was said on the phone yesterday?"
"Of course!" Ye Hua said with a smile: "As I said before, we endorse each other. With the emergence of holographic technology, I'm sorry, Mr. Feng, but the core business of Baofeng Technology is no longer viable, and the market's feedback is obvious."
In this regard, Mr. Feng was unwilling to accept but had to admit the fact that the trend of the screen-free era had begun to take shape, and the wave leader was this young young man in front of him and the Coastline Company he founded.
Ye Hua said in an unhurried and orderly manner: "If Coastline Technology and Baofeng Technology successfully reach a cooperation, Mr. Feng, you can completely transform your core business into offline private cinema brand building. my country's private cinema industry is still in its infancy. Many cities and regions are still blank and in urgent need of development, and the future prospects are still quite attractive. Since your company is doing this business, why don't you invest heavily?"
"Private holographic theater?" Mr. Feng thought about it and said.
"That's right!" Ye Hua nodded.
"I can't understand, why don't you go to the cinema chain company? Their platform is bigger, and you can sell more." Mr. Feng said curiously.
Hearing this, Ye Hua smiled and said: "It's big, but it also has a big appetite. It's so big that I want to eat Coastline Technology in one bite. To be honest, Mr. Feng, I looked for them before, but the result... I can only say
All of this has brought both of us together. Private theaters have great prospects. You can definitely expand this business to bring a stable core profit point to Baofeng. Relying on Internet video, Baofeng Technology also owns Baofeng Video.
Well, only with strong and stable income can we have the capital to enter other fields."
The implication is that only when you have money, Mr. Feng, can you continue to tell your story.
Speaking of this, Ye Hua said again: "I can promise that the holographic technology in the private audio and video field is exclusively owned by Baofeng Private Video, so it is inevitable that Baofeng Private Video will become the industry leader, and the length of time depends on the investment efficiency and scale of your company.
…It’s not domestic, it’s exclusive worldwide!”
Mr. Feng was moved, especially the last sentence of global exclusivity, which meant that Baofeng Private Shadow, with the exclusive support of holographic technology, had a competitive advantage that other industry competitors could not match. It was really too tempting.
Staring at the smiling Ye Hua, Mr. Feng said in his heart that this young man is also very good at telling stories.
"It's just Mr. Ye, the effort and the reward are equal. What do you and Coastline Technology want to get?" Mr. Feng said with a smile. Although he wanted to agree immediately, he was as steady as an old dog.
"It's very simple. I just came to see you with nothing." Ye Hua said with a blunt smile. Such directness made Mr. Feng stunned for a moment.
After a brief pause, Ye Hua said bluntly with a smile: "Shoreline Technology only has core technology. We have no money, no platform, and no connections. If we reach a cooperation, all these will require a storm. In short, we are developing back-to-back.
What Baofeng has to pay is to provide the support of these resources for Coastline Technology, to help Coastline Technology grow, and to help Baofeng itself."
"Baofeng is also short of money right now, Mr. Ye. The news is true. I have to rely on private equity for my 50 million now..." Mr. Feng said helplessly.
"That's why we need to endorse each other." Ye Hua said with a smile: "The news has been released that Coastline and Baofeng have reached a strategic cooperation. It is foreseeable that Baofeng has the full and exclusive support of Coastline's holographic technology. Mr. Feng, please take advantage of the situation.
Tell a good story for investors. It is not difficult to capture billions or even tens of billions from the market. Once the news comes out that Baofeng Technology has the full support of holographic technology, it is guaranteed to reach the daily limit in the future. What do you think, Mr. Feng?
?”
The so-called mutual endorsement is such a way of playing. Coastline Technology provides technical support to help Baofeng Technology get out of the predicament, and in order for Baofeng to obtain technical support, it must spend its own money to develop Coastline Technology.
This cooperation model is altruism. Storm helps the coastline become stronger, thus making itself stronger. Mr. Feng suddenly realized that this is not the DT model that the founder of Alibaba liked to talk about before.
But there is no doubt that this is a win-win cooperation, and the key is that both parties have urgent desires.
Mr. Feng didn't think about it for long. He stood up and left his seat, stretched out his hand and said with a smile: "Then, happy cooperation."
