Sprinkle coins every day

Chapter 297 Huaxia Microelectronics, the Chip Breakthrough Begins! (two in one)

Back in Binhai City, Zhang Shuo didn't start working right away.

so tired!

Instead, he asked Chen Lu to accompany him on a trip to Sanya, rented a seaside villa, and played to his heart's content for five days and five nights, finally dispelling the fatigue accumulated over a year.

It was only on February 2 that I returned to work in the company with full blood.

Before he went to work, Lu Kai, the rotating president, had distributed red envelopes to the employees who started work on the first day on behalf of the group. At the same time, he also distributed 200 yuan red envelopes to each employee through Weixin.

Even Zhang Shuo received it.

On the first day back to the company, of course, I dealt with the squeezed documents and looked through the work briefings organized by the president's office.

In the past month, because of the Spring Festival holiday, the backlog of things was actually not too much. The most outstanding performance was still Jade Bird Interactive Entertainment. Taking advantage of the Spring Festival holiday, it turned over a profit of 9.8 million that month.

Qinghe Technology also performed well.

With the help of the Spring Festival red envelope activity, Weixin card users broke through the 60 million mark, and 5 million Weixin users were added, further consolidating its position in the mobile social field.

Of course, don't take it lightly.

Last year, China's smartphone sales exceeded 1 million units for the first time, and this year is expected to reach a new high. Many organizations have given forecast data of about 1.8 million units.

mean.

This year alone, domestic smartphone users will double.

For Weixin, this is not only an opportunity to continuously absorb new users, but also a major challenge. It must ensure that it continues to outperform competitors such as ICQ, Weichat, and Michat in terms of user experience and user stickiness.

Except Weixin.

The explosive growth of new users is also a major benefit to Jade Bird Interactive Entertainment.

Even if Jade Bird Interactive no longer launches new mobile games in 2012, it can still make a lot of money just by relying on more than 20 popular mobile games that were launched last year.

Cao Yanhua has even shouted the slogan that the monthly profit will exceed the 2 billion mark before the end of the year.

If it is really achieved, even if it is a little bit short, then Jade Bird Interactive Entertainment is expected to surpass Tenda Games in one fell swoop and become the most profitable game manufacturer in the world, bar none.

Let's go back to Qinghe Technology.

In addition to Weixin, with the popularity of Dota 2, plus the blessing of mobile game live broadcasts such as "Ball and Ball", "Synthetic Watermelon", "Snake Fight", and "Candy Crush Legend", the daily activities of Pangda's live broadcast It has also approached the 2 million mark.

The collective signing of the JWG team and the MLG team has opened a precedent for live broadcasting of professional players.

The future is expected.

Zhang Shuo couldn't help but think of the original space-time game live broadcast market. Whether it was a certain fish, Huya, or Xiaopozhan, the major shareholders behind it were Tengda, and the Tengda family covered the entire game live broadcast track.

Although Tengda Esports, which was hatched by itself, unfortunately died halfway.
In this life, it is hard to say where the combination of Jade Bird Interactive Entertainment + Panda Live will take Wang Zhan in the future, but it is bound to break the monopoly of Tenda.

Except for Panda Live.

The car network app under Qinghe Technology has also been launched on the IOS and Android terminals at the same time, officially starting the process of mobilization, and taking the lead in seizing the car mobile track.

According to Zhao Xiaohu's report.

He is already coordinating Automobile.com and Panda Live, and plans to open a car live broadcast channel on Panda Live. While enriching the content of Panda Live, he is also helping the transformation of Automobile.com.

It can be said to kill two birds with one stone.

It has to be said that Zhao Xiaohu is very good at product development.

Regardless of whether it is the games under Jade Bird Interactive Entertainment, Weixin, Panda Live and Auto Network APP under Qinghe Technology, including the Qingcheng APP under Qingcheng Group, they can run smoothly during the Spring Festival without a single freeze. It is all thanks to the server support provided by Qingyun Data behind the scenes.

Since the data centers in Damodu and Haijin City were built and put into use, Qingyun Data has initially built a server network covering the whole country.

During the Spring Festival.

Not only the Weixin team is working overtime, but many maintenance teams of Qingyun Data are also working overtime.

And all of this is based on the financial support of the group.

January has passed, and February has just arrived. No, the financial department of the group is on time, reporting the fund application for February to Zhang Shuo, waiting for signing and approval, including——

Pay 6.4 million progress payments to Nokia;

Appropriate 5 million R&D funds to Maili Technology;
Allocate 2 billion research and development funds to the Fertile Research Institute;
Appropriate 1 million public welfare funds to the Spring Sprouts Fund, including 30 million special expenditures;

Appropriate 5 million project funds to Mengya Real Estate.

Fortunately, the operating expenses of Qinghe Technology, Jade Bird Interactive Entertainment, and Qingyun Data have been allocated last month, and this month only needs to guarantee the research and development funds of Maili Technology and Wotu Research Institute.

at the same time.

As the construction of the Germination Industrial Park is about to start, the construction funds of Germination Real Estate have increased to 5 million, and the sum of all of them is 19.4 billion, which is already a relatively small month of allocation.

--slightly--

[Reputation]: Level 3 (9.88/10)
[Level]: Level 9 (600 million/800 million)
【Support Fund】: 1000 million/day

[Cash]: 108.8 billion

[Loans]: 108 billion (bank loans) + 7 billion (corporate bonds)
--slightly--

In the past January, Qiandu’s 120 billion funds have been credited to the account, plus the 18 billion income of Jade Bird Interactive Entertainment’s sales of overseas agency rights, and the 9.8 million profits turned over at the end of the month, the monthly profit of the Germination Group is close to 150 billion.

A new record was set.

At the same time, the group’s expenditures in January were also record-breaking, including the allocation of 10 billion funds to Germination Investment, the allocation of 30 billion funds to Germination Financial Holdings, and a huge sum of 55 billion yuan spent on land purchases.

To this end also added 38.5 billion bank mortgage loans.

As a result, the total loan amount of Sprout Group officially exceeded the 108 billion mark, reaching an astonishing [-] billion.

Even so.

In the past month, the working capital on the Germination Group's account has increased by 74.8 billion, and the total cash has reached 108.8 billion, slightly covering the total loan amount.

It was also the most abundant fund in Germination's account so far.

Another result of large profits + large expenditures is that the experience value has risen from the previous 342 million to 600 million in one fell swoop, almost doubling.

The upper limit of 800 million experience points seems to be no longer out of reach.

if things go well.

The level of entrepreneurship 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.

Still looking forward to it!
What needs to be explained is that although after the financing, the profits of the Green Orange Group cannot be directly handed over to the Germination Group, but the relevant experience points are still converted in proportion.

This system is very fair.

Not only the Qingcheng Group, but also the operating income generated by Qingyun Data and Qinghe Technology under the Germination Group will automatically calculate the experience value, which is also one of the sources of Zhang Shuo's confidence in being promoted to the tenth level this year.

There is also one major change.

Because of the scandal of the richest man, Zhang Shuo's personal prestige has also risen. The prestige value once reached 9.88, and it is expected to usher in another upgrade soon.

It's also 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, and it is no longer the previous grassroots team.

"In addition to continuing to cultivate the Internet, Germination should also 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. Before the real crisis comes, he will not be able to stand the test at all.

If you want to make steady progress, you have to make breakthroughs in core technologies such as chips.

I'm thinking about it.

Zhang Shuo received a call from his second uncle.

"Come home on the weekend, and the matter of the chip has landed."

"it is good!"

Zhang Shuo was very excited, this matter dragged on for more than half a year, and finally made a breakthrough.

.........

in the afternoon.

Lu Kai found Zhang Shuo and reported to work.

"Mr. Zhang, the two new companies of Sprout Investment and Sprout Financial Holdings have been activated and completed the relevant filing work. The financial license of Sprout Financial Holdings has also submitted the application materials and is waiting for official approval."

"Can you pass?" Zhang Shuo asked.

"It shouldn't be a problem."

Lu Kai is very confident, "Sprout Financial Holdings has a registered capital of 3 billion, and it is actually paid in. It is already a relatively large-scale financial service company, and it has a payment license endorsed by Weixin Payment, and the official supervision of Internet finance is relatively loose. , Our materials are also well prepared, there is no reason not to pass.”

There is one more thing that Lu Kai didn't mention.

That is, after the richest man incident, Germination can be regarded as a name in the official circle.

Things run more smoothly.

Nor will it be disturbed by some dreadnoughts.

"In terms of personnel, how is it arranged?" Zhang Shuo continued to ask.

"According to your previous instructions, Germination Investment is linked to the Group's Investment and M&A Department, sharing a team, and no new staffing will be added. Germination Financial Holdings plans to set up a new department in the group to operate, and it is expected to form a capable team of more than a dozen or 20 people The team." Lu Kai had already made up his mind.

The subsidiary headed by Germination looks like an independent first-level subsidiary on the surface, but in practice, it looks more like a department under the Germination Group.

For example, the previous budding real estate is incomparable with Jade Bird Interactive Entertainment, Qinghe Technology, etc. in terms of independence.

"For the team of Germination Financial Holdings, my plan is to select 2 people from the Qinghe Technology Payment Center, then select 1 person from the Investment and M&A Department, and recruit the rest from outside."

"You can communicate with Director Wu about this."

Zhang Shuo usually does not directly intervene in the personnel arrangement and transfer at the departmental staff level.

"it is good!"

Lu Kai also enjoys this kind of trust, "By the way, Mr. Zhang, the A-round investment in Tubatu has basically been finalized, with an investment of 3000 million yuan, and a 32.5% stake in Tubatu."

Under normal conditions.

The A-round financing amount will not be very large, and it is rare to transfer nearly one-third of the shares.

There are two considerations here.

First, the registered capital of start-up companies is often not high, and they are all subscribed, but not actually paid.

If an investment institution injects a large amount of capital at one time, far exceeding the registered capital, then the founder will have the risk of voluntarily filing for bankruptcy and running away with the money.

Second, the demand for capital of start-up companies is also increasing step by step.

It's not that tens of millions or hundreds of millions of funds are required at the beginning. The early stage is mainly product research and development, and the desire for funds is secondary.

Therefore, start-up companies often open multiple rounds of financing to ensure that they can obtain sufficient financial support in a suitable time period and ensure that they will not lose control of the company soon.

Mengya's investment in Tuba Rabbit is obviously breaking the rules.

One point is that 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.

Germinal needs to hold enough equity in order to gain a greater voice.

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 into Qingyun Data.

Second, in view of Scarlet Capital’s covetousness on Tubatu before, Mengya must also guarantee that even if Tubatu launches the B round of financing, Mengya can also lead the B round of financing.

Don't give Scarlet Capital an opportunity.

"Yes, it is still the old rule to transfer the shares of Tubatu to Qingyun Data. The director of Tubatu's board of directors is also the 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, whether it is Qingyun Data or Qinghe Technology, they can start the A round of financing to obtain new development funds while further avoiding monopoly.

Moreover, the more complicated the ownership structure of the subsidiary, the more conducive it is to hide Zhang Shuo's wealth.

"Mr. Zhang, I have two investment goals. I think they are pretty good. Would you like to have a look?" After discussing the business, Lu Kai took out two documents that he had prepared in advance.

"Okay."

Lu Kai showed such enthusiasm, of course Zhang Shuo couldn't dampen his enthusiasm.

Two investment goals.

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 and supply chain, Internet research and development, and online operations.

Yuanshikong is also a unicorn company with a valuation of over [-] billion yuan.

It stands to reason that Xiyin is engaged in cross-border e-commerce, which has nothing to do with the current business of the Sprout Group, but Zhang Shuo has actually started the Pinxixi project intentionally.

If so, the two could have a little chemistry.

The other is Kuang Shi Technology, which is engaged in artificial intelligence. It was founded just 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 close to 30 billion after ten years.

Seeing Kuang Shi Technology, Zhang Shuo thought of the well-known Entropy Soup Technology in the original space-time artificial intelligence field, which seemed to have originated from the research team of Xiangjiang University.

It is also the path of professor + student joint entrepreneurship, which is very similar to Wujiang Technology.

It is estimated that it has not yet been formed.

If there is a chance, I can ask Professor Wu to inquire about it. Maybe this team can be packaged and absorbed into the Fertile Research Institute, so as to strengthen the talent reserve of the Fertile 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 not bad. We can consider investing. I will contact you to check the details." Since Lu Kai is in charge of the group's investment business, Zhang Shuo must fully authorize it.

He can also understand Lu Kai's mood, the new official takes office three fires.

He has just assumed the role of rotating president, and only has a short term of half a year. He wants to make some achievements as soon as possible during his tenure, especially in the fields of investment and finance.

"it is good!"

Lu Kai was even more excited now.

.........

The next day was Friday, and Zhang Shuo continued to deal with the work at hand.

Call the elder brother to the office in the morning.

"This is a software plan written by me. It's an old rule, and it should be handed over 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. Considering the internal incubation cycle of the project, the real project approval time of Pinxixi may be earlier.

Calculate like this.

It means that Zhang Shuo has to move out Pin Xixi's hole card two or three years in advance.

Of course, it's not purely for making money or cutting leeks.

Although Pinxixi has many criticisms, such as too many counterfeit and shoddy products, and too deep bargaining routines, with an indestructible body, 60,000 people can't be killed.

But the so-called existence is reasonable.

When the original space-time fight Xixi was born, domestic e-commerce has long been a red sea. E-commerce giants such as Mobao, Alarm, and Amazon have already dominated the market, ending the barbaric growth period of e-commerce.

According to common sense, it is impossible to fight Xixi to succeed.

But the reality is so magical. Pin Xixi Leng used the method of encircling the city from the countryside, and in just two or three years, he blazed a trail in the red sea of ​​e-commerce.

Successful counterattack.

That's why some people commented that Pinxixi is a magical company, which was born when everyone felt that the e-commerce landscape had been settled and the history books had been written.

The magic is still there.

It was the first time for young people to know about an Internet company. It turned out to be from the elders who usually cannot keep up with the trend in their eyes, and from the family group who usually turn to health chicken soup articles.

In 2017, Pinxixi’s GMV reached hundreds of billions of yuan, second only to Mobao and Jingdong. In November of the same year, the daily order volume had surpassed Jingdong.

It can be compared to -

It took 10 years for GMV to reach the milestone of 8 billion in 5, [-] years for Vipshop, [-] years for Mobao, and only two years and three months for Pinxixi.

Facts have proved that China's e-commerce market is far from saturated, and there is still a vast world.

Even in 2017, the gap between the rich and the poor is still large. Many urban and rural residents in the third and fourth tiers are affected by the local consumption level and their purchasing power is not high.

When other platforms are striving to create high-quality experience and serve middle and high-level consumers, Pinxixi chooses to do the opposite in order to acquire a large number of users.

Zhang Shuo has a deep understanding of this.

Take Mobao as an example, its positioning is becoming more and more high-end, but the price is becoming more and more "touching". Even the so-called Double Eleven is more routine than affordable.

Sometimes he would rather buy things offline than in Mobao.

The dragon-slaying boy back then had long since grown into a new magic dragon, and then became the largest tenant of the Internet, an e-commerce company, whose annual advertising revenue exceeded [-] billion.

It's hilarious in itself.

Zhang Shuo launched the Pinxixi project at this time. Naturally, he wanted to learn from the successful experience of the original space-time, and then eliminate some harmful elements, and make a compromise integration to inject new impetus into domestic e-commerce.

Personally serve neglected low-income groups.

As for whether it is profitable or not, Zhang Shuo is not very concerned.

Of course, starting the Pinxixi project now, because it is two years ahead of schedule, there is a big uncertainty, that is, Weixin, or smart phones have not yet been popularized in rural areas.

The rise of Pin Xixi can be regarded as the right time, place and people.

One is due to the popularity of 4G networks in rural areas, the other is the rise of domestic smart phones, and the third is the large-scale popularization of Weixin among middle-aged and elderly people in rural areas.

These three points are indispensable.

In 2012, this condition certainly did not exist, and 4G networks were only rolled out in cities on a large scale this year.

Mid-to-low-end domestic smartphones represented by Xiaomi have just emerged, and the main users are still in cities, and have not penetrated into rural areas.

Without the carrier of smartphones, 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, and then form a team for trial operation. It will take one to two years to slowly accumulate experience in the e-commerce industry.

In the early stage, I would rather go slower than to say that the follow-up is weak.

Anyway, before Pinxixi succeeds, it is estimated that not many people will think that the Pinxixi model can be successful, and there is no need to worry about being plagiarized by someone.

Ba Shi! ! !
.........

February 1st, Lantern Festival.

Zhang Shuo failed to go to Mr. Tang on the weekend because Mr. Tang invited him to spend the Lantern Festival with him.

According to the 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, one by one left their hometowns.

Often people have already left their hometown before the Lantern Festival, so there is no Lantern Festival.

Not that atmosphere!
The old man attached great importance to it, and specially invited Zhang Shuo, which shows that he really regards Zhang Shuo as his family.

Before eating, the second uncle took Zhang Shuo to chat and talked about the chip, "The official has established an aircraft carrier company in the chip field - Huaxia Microelectronics Group, and holds Huaxia Microelectronics Co., Ltd."

"That's a good thing."

Zhang Shuo was very pleased that he finally changed the historical track a little bit.

"In order to increase R&D investment and raise R&D funds, Huaxia Microelectronics Co., Ltd. plans to take out 10% of the shares for A-round financing, and the financing objects are not limited."

"That is to say, Germination can also participate?" Zhang Shuo was very surprised.

"Yes."

Tang Yi smiled and nodded, "But there is one thing, each company can only subscribe for a maximum of 1%."

"How much money will it cost?" Zhang Shuo was rich and powerful.

"You're thinking about it now. The valuation of China Microelectronics is 200 billion. That is to say, even if you only subscribe for 1% of the shares, you have to spend 20 billion in real money."

"200 billion valuation, can I know which assets have been integrated?" Zhang Shuo was a little confused.

To know.

It’s still 2012, and a valuation of 200 billion is definitely a Big Mac.

"I have a document here, take a look."

Tang Yi was also well prepared.

"good."

After Zhang Shuo finished reading, he didn't make too many comments.

The industrial chain integrated by Huaxia Microelectronics is mainly concentrated in the middle reaches of the chip industry chain, including the research and development of complete sets of equipment such as lithography machines, as well as wafer manufacturing and processing.

There are more than 200 enterprises and scientific research institutions integrated, but because the technical level is still far from the international advanced level, the valuation of [-] billion is definitely high.

Almost squeezed out the appreciation potential in the next five years.

Moreover, because the chip industry is a technology-intensive industry, and Huaxia is a chaser, many previous attempts have not achieved satisfactory results.

Although I made up my mind this time, whether it can be made or not is actually a big question mark.

"You agree?"

Tang Yi was looking forward to it.

Precisely because of the high valuation and the great potential risks and uncertainties, subscribing for Huaxia Microelectronics shares at this time is essentially a kind of power generation for love.

"agree!"

Zhang Shuo was very calm.

No matter whether Huaxia Microelectronics is successful or not in the future, Germina will not pursue any return on investment if it invests 2 billion. It is right to make a small contribution to the domestic chip industry.

Without the integrated platform of Huaxia Microelectronics, even if Zhang Shuo is willing to use 2 billion to fund the research and development of lithography machines in the name of Chunmiao Fund, there is no way.

It can be seen that the platform is indeed important.

In addition to investing in Huaxia Microelectronics, Sprout will definitely continue to make efforts in the semiconductor industry chain in the future, such as establishing its own integrated circuit design company and the like.

"it is good!!"

Tang Yi was very pleased.

(End of this chapter)