Actually I just want to act

Chapter 349 Start Bragging

Fang Jiming smiled and said, "Of course I don't mind, but I think your team may not be able to estimate an accurate figure."

Raymonda spread his hands and said, "Director Fang, our team is the world's top professional team."

Fang Jiming smiled and said, "That's just a valuation, right?" His implication is that if your valuation fails to meet his estimated value, then Fang Jiming may terminate this financing.

It's a pity that Raymonda is a beautiful middle-class guy, and he can't understand Fang Jiming's subtext.

In fact, the capital game is actually just a tool to persuade others.

Fang Jiming also understands that how much a company is worth is entirely based on blowing out, especially Internet companies.

Believe it or not, for a company, take Huawei in its previous life as an example, the valuation given by the market is 1.2 trillion.However, Huawei's revenue has reached 7200 billion.For comparison, Tencent’s revenue is only more than 3000 billion, but the market value of its stock is 3 trillion.There is also Alibaba, whose annual revenue is only 3000 billion, but the stock market value is 3.2 trillion.

Of course, in terms of net profit, both Tencent and Alibaba have revenues of 3000 billion yuan, and both have net profits of more than 900 billion yuan, while Huawei only has more than 600 billion yuan. This is a flaw.This is also the reason why Internet companies are generally more expensive than real industries, and their net profits are really high.After all, the entity is removed, and Internet companies do have advantages in this regard.

However, is the real value of Tencent and Ali really more than 3 trillion yuan?
Certainly not, at least half of this is the market's confidence in the future of the two companies.

In other words, stockholders believe that Tencent and Ali can create so much value in the future, not that they are really worth so much money now.

It can be seen from this that the capital game is a bragging game. As long as you know how to brag and can convince investors, then your company is worth so much money.

With Fang Jiming's permission, Lei Mengda was not polite and let the valuation team start working.

And Raymonda followed Fang Jiming and the others into the conference room to wait.

Well, Fang Jiming's English is actually not fluent in listening and speaking, and Jiang Xingrui and others are often required to translate.Of course, it's not that I can't understand it at all, and I can still listen to some guesses.Anyway, Fang Jiming felt like he was doing listening comprehension for the English college entrance examination, which was quite difficult.

Raymonda said: "Now there are similar search companies in Meilijian. I don't know what profit points Baidu has?"

This is actually part of the valuation. After all, Raymonda is often responsible for writing reports and convincing Meilijian headquarters to invest money.The first point is that Fang Jiming persuaded Raymonda, and Raymonda needed to persuade the CFO of Hongshan Capital to contribute money.It’s not that Baidu is really worth that much money, or that it’s not worth that much money, it’s just that Raymonda needs to build a valuation model to convince the top management of Hongshan Capital to invest so much money.

It's a mouthful to say, but it's actually a bragging game.

Fang Jiming smiled and said in Chinese: "Advertising and value-added services, now Baidu is only these two, and it has already achieved a balance of profit and loss. I think this is something that many Internet companies in Meilijian can't do? Not to mention, Baidu is still in business. Develop other functions, such as Baidu Q&A, pay a certain amount, you can get knowledge, and the answerer can get points, points can also be exchanged for membership, item rewards, etc. This is another profit point, and Baidu will build advertising traffic Alliance, to expand the advertising business. Even, Baidu will also enter the hardware industry, will do smart home monitoring systems, do unmanned reversing projects, etc. "

Jiang Xingrui, Wen Liangping, and Liu Chengping were all taken aback. It was the first time they heard that Fang Zhiming had such a plan, and it didn't sound too difficult to realize.Seeing Jiang Xingrui in a daze, Wen Liangping took the lead in translating Fang Jiming's words.

Raymonda thought for a while, and said, "Will your camera monitoring system be connected to the government of China?"

Fang Jiming knew that Meilijian had always been afraid of China.Although they are not free to deal with China now, and they have to rely on the Chinese market, they are indeed vigilant enough. "I think Hongshan Capital is worrying too much. I don't have any official background. I'm only interested in civilian, smart home monitoring systems. In fact, our foothold is still on the Internet. Because the system we are about to develop can be connected to computers, It can be connected to a TV for real-time monitoring. As long as you have an account password, you can watch real-time monitoring on any computer at any time." Raymonda was a little interested: "Is it possible now?"

Fang Jiming spread his hands and said, "No money."

Raymonda frowned, and then asked: "Then Director Fang estimates how big this market can be?"

"If the monitoring system is competitive enough, I think it can leverage the $100 billion market." Fang Jiming said this in English.

Lei Mengda's eyes lit up: "Did Fang mean the whole market, or Baidu's market?"

"The global market is more than trillions." Fang Jiming is very clear about the income that many people look down on surveillance equipment.Those who use the surveillance system have video surveillance needs in finance, road traffic, securities companies, commerce, public buildings, intelligent buildings, communities, hotels, hospitals, supermarkets, schools, industrial and mining enterprises, and families.

The most important thing is that not many people have discovered this market yet.

If Baidu enters the intelligent monitoring system, Fang Jiming estimates that it will support one-third of Baidu's revenue.

Jiang Xingrui had no idea about this, but Wen Liangping's eyes on Fang Jiming changed.

That's right, no one would think of this, but Fang Jiming did!
Fang Jiming's plan is actually more than that, and there are other smart home systems, which can be developed together with China Electronics.Of course, this is at least ten years later.

Raymonda thought for a while and said, "I'm very interested in this plan."

"Thank you, but our main business is advertising, or Internet advertising." Fang Jiming said in English, "It will account for more than half of our revenue for a long time."

Raymonda said: "We have also learned about it. But what I am more interested in is the unmanned reversing system that Director Fang mentioned?"

"This is actually the use of artificial intelligence, plus car reversing video, and satellite map three-in-one technology. I think that many car manufacturers are also developing this type of system." Fang Jiming said.

Raymonda nodded: "As far as I know, Volkswagen, Toyota, Honda, etc. are all researching, and Volkswagen is at the forefront. So what's so special about Baidu's automatic parking system?"

Fang Jiming spread his hands and said, "We combined the satellite map, and we are also developing our own map now."

"map?"

Raymonda frowned and asked, "Can this make money?"

(End of this chapter)