Reinventing the Millennium.

Chapter 249 Radical

Chapter 249 Radical

The closing session of the first plenary session was a joyous event.

Finance Guan Jin talked about wages, commissions, subsidies, and bonuses, which are quite generous. The company was very generous in this regard when it was in China. Fang Zhuo knew what everyone wanted most.

Near noon, the meeting ended, Fang Zhuo had already booked a restaurant in Chinatown, and invited everyone to have a lively dinner.

In the evening, Fang Zhuo called Pan Ben, Guan Jin, and Qi He to the room, and continued to chat about channel strategy.

It is a time-consuming and laborious choice for Yike to make efforts to build terminal channels. It is definitely not possible to simply rely on the current team model, which also means that the classification here needs to be transformed.

At the same time, the use and kneading of manpower must be weighed.

The four chatted for a long time, and Qi He described in detail what he had observed.

Fang Zhuo felt that it was necessary for the team to have a thorough feedback on this a year ago, but he had a faint tendency in his heart. From a medium to long-term perspective, such channel building is more beneficial.

As for Kroger Supermarket, its channel has brought immediate results, and it has opened up a corner of the US market for Yike.

Supermarkets and terminals are not opposed to each other, but there is indeed a tendency, and the latter will require great effort.

Fang Zhuo thought about it for a long time after the three of them had left, and calculated the time at three o'clock in the morning. It was evening in China, so he called Xiong Xiaoge from IDG Huaxia.

Brother Xiong is a shareholder of the company, how could he not discuss with shareholders when considering the channel strategy?

Fang Zhuo chatted with Xiong Xiaoge about the current situation, future risks, and strategic considerations.

The chat lasted for two hours. Xiong Xiaoge supported the tilting terminal game in principle, thinking that it would be more dynamic.

Finally, he asked about IDG US contacts.

"I looked for Mr. Miller." Fang Zhuo said conclusively, "He asked Yike to release a lot of equity in this round, and I am not very satisfied with his valuation. We will talk about it next year. Look, iMusic will be launched in the US by then."

Xiong Xiaoge pondered for a while, feeling that his position was more sensitive, so he planned to wait for Fang Zhuo to come back to China and talk face-to-face. He asked a casual question: "In China, will iMusic be launched simultaneously?"

"It will go online, but it will not be a key development, because it is difficult to develop for the time being." Fang Zhuo said honestly, "It is estimated that there will be a considerable number of users, but it is difficult to develop too much, and many domestic functions are Unusable, for example, iTunes on Ipod has the function of CD transcription to mp3 format, which is hardly used in China.”

He continued to make a judgment: "Music copyright must be tightened in the United States, while it is loosened in China. The development stages of the two sides are different, so it is not good to apply it."

Xiong Xiaoge asked a question: "If Yike wants to list on NASDAQ, there must be an explanation on the domestic copyright business. How do you think about it?"

"I can also go to Xiangjiang to go public." Fang Zhuo replied.

Xiong Xiaoge did not expect to respond from such an angle: "There is still a better room for listing on Nasdaq."

Fang Zhuo also agreed with this point, so he didn't talk much about it.

It was already past five o'clock in the morning when the call ended, and it was almost dawn.

Fang Zhuo went to the window and opened the curtains, lit a cigarette, and thought about the future development of Yike. The 1M of P512 is almost the bottom line of storage acceptable in the US market, and there is still more room to match the price.

As for the M1, Toshiba has provided technical updates, and the 10G version of the micro hard drive is ready for large-scale commercial use. In other words, the M1, which was born three months ago, ushered in a technical upgrade, which can be upgraded from 5G to 10G.

Correspondingly, the cost has also increased to a certain extent. The price of a 5G hard drive is 75 pieces, and the quotation of 10G is 135 US dollars.

This kind of rising tide is easy to be understood by consumers, not to mention that even if the price of the 10G version of M1 increases, it will not exceed the 5G version of Ipod.

However, there is no doubt that behind this hard disk storage upgrade is the rapid development of technology.

Similarly, the flash memory technology adopted by P1 and J1 will definitely not be satisfied with the value of 512M, and there must be greater prospects in the future.

After Fang Zhuo smoked a cigarette and lit another, he thought aimlessly about the problems of the upstream industry chain, M1 and P1, in other words, Yike is now doing more hardware integration, the threshold is extremely low, Music management software can be regarded as a brand moat, but the domestic moat will not have much effect.

If it can expand upstream, Yike can be more at ease.

Those who do not seek the overall situation are not enough to seek a domain.

Fang Zhuo made a plan in his heart, and this night passed...

The sky was bright before he knew it, and Mr. President wanted to catch up on sleep, but he received a call from IDG Miller. The other party made an appointment to talk about Yike's A round of financing in the morning.

This is the third time that Fang Zhuo and Miller have met in New York.

For a whole half a day, when Fang Zhuo said that Yi Ke was in pain for the conditions offered by IDG America, Miller almost felt the pain from the face of the young president.

This made him reflect that his own conditions are indeed a bit harsh, but a company from China is in need of funds and resources. If it is not harsh at this time, when will it be harsh?

There was no substantive progress in this meeting. It was just an appointment to review the business and market development together after the Chinese New Year.

At the same time, Miller also provided news about a competitor. Apple internally announced that the sales volume of Ipod since its launch was 17 units.

This number is a bit beyond Fang Zhuo's expectation. With the niche OSX system alone, Ipod has sold 17 units. Moreover, based on the hardware price estimate, the net profit of an Ipod is almost three times that of M1.

"You, Yike, need a faster layout." Miller gave a hint of advice before leaving.

Fang Zhuo’s drowsiness was mixed with thinking, and his mood was rather complicated. Yike seemed to be more aggressive. Although M1’s 15W and P1’s 6.3W were already milestones for a small company, the biggest competitor hadn’t done it yet. Strategic Realignment.

That also means they don't feel threatened by similar products.

The opponent's ignorance proves that more effort is needed.

Fang Zhuo drank a cup of black coffee, and after thinking over and over again, he called the country. On the one hand, he told them the itinerary, and on the other hand, he asked the company to prepare for some equity pledge financing procedures.

The U.S. market deserves a more aggressive use of funds and product layout. Although Miller has a plan, he is right to speed up the layout.

In the end, Fang Zhuo and Yu Hong, the marketing director, vented their anger and asked to set aside about 1 machine profits to borrow funds from the newly established Yike Investment.

This money will be used as a small attempt of Yike Investment in China, and the first goal is to open up the way for domestic Internet companies to go public in the United States.

Of course, the money is not much, it is just an outpost.

(End of this chapter)

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