Reborn: Billionaire in College

"At present, various financial products are popping up like mushrooms after rain, but generally the pools are relatively small. For example, Baidu's first batch only had 1 billion, and Tencent's current batch also only had 10 billion. Most of the others are concentrated between 10 million and 5 billion. They attract funds under the guise of high annualized rates, but the biggest problem is that they have no consumption scenarios. Our biggest enemy should still be Yu'ebao."

"The interest rate of Yu'ebao is one percentage point higher than ours. Since Yu'ebao was launched, the speed at which we absorb funds has dropped significantly. We have to think of a way to reverse this situation."

"Mr. Chen, can we increase the annualized rate of Zero-Balance Wallet a little bit?" Li Xibao asked after finishing his report.

Chen Pingjiang nodded and said, "We will increase the annualized rate to 6.8%, which is about the same level as Yu'ebao. The rest is to enrich the application scenarios, talk to Renrengou, and open up channels."

Chen Pingjiang had no good solution for this kind of thing. Apart from engaging in a price war with Alipay, there was almost no other way.

"We should still be rational about the issue of the annualized rate of Lingqiantong within our group. I don't think it is necessary to increase it too high in a short period of time. The main thing is to ensure our own profits. If the timeline is extended, whoever can stabilize the annualized rate will attract more customers. Chinese people have money on hand, and you can't do it all by yourself."

"We have finished discussing the issue of Zero-Balance Wallet. Next, let's talk about the issue of AutoNavi taxi-hailing. Actually, you already know all these things. Lao Cheng wants to promote taxi-hailing within AutoNavi, and I have already approved it. AutoNavi has its own maps, and the remaining issue is mainly about promotion. AutoNavi itself has a huge traffic entrance. WeChat can open another one, and Renrengou can open another one. Several companies can work together to develop the taxi-hailing project."

Miao Bingwei said with a smile: "To be honest, there is no need to discuss this issue. Lao Cheng, if I were you, I would just kill myself with a piece of tofu if I couldn't do it with so many resources."

Cheng Congwu gave a bitter smile, not knowing how to respond to this. Even he himself thought so.

Chen Pingjiang smiled and said, "That being said, don't underestimate the enemy. It would be embarrassing to be defeated in the end."

…………

When I met the founders of miHoYo again, I felt that each of them had matured a lot.

Gradually shedding a bit of her childishness, she acquires the aura of a founder.

"What's going on? Are so many people coming to see me at once? What exactly do you want to discuss?" Chen Pingjiang smiled and threw a can of Coke to each of them.

As soon as Chen Pingjiang finished speaking, Luo Yuhao, Cai Haoyu, and Liu Wei all looked at Jin Zhicheng who was sitting at the back.

Jin Zhicheng, wearing a pair of black-framed glasses and looking a little plump, looked at Chen Pingjiang embarrassedly: "Mr. Chen, I'm sorry, I may have to leave miHoYo."

Chen Pingjiang raised his eyebrows and acted surprised: "You were doing well, why are you leaving now?"

"I got an offer from Cisco some time ago, and after considering the opinions of my family and weighing the pros and cons, I decided to give it a try." When Jin Zhicheng said this, he didn't dare to look at his comrades around him. He felt that everyone was looking at him with contempt, and he felt like a deserter.

Although Jin Zhicheng himself wanted to stay, he couldn't resist the nagging of his family members.

As a result, he was persuaded later.

On one side is a famous Fortune 500 company, and the total base salary, subsidies and options are at least 30.

Maybe it was just an illusory dream. The game had no success and he didn't know if he could succeed. He could only get 4000 yuan salary every month.

Normal people probably know how to choose.

Chen Pingjiang sighed on the surface, but he was smiling in his heart. He had finally waited for this day.

Frankly speaking, you can't say that Jin Zhicheng did anything wrong.

It was just bad luck for him, as it was miHoYo that left.

There are thousands of startups in China, but how many are like MiHoYo?

Cai Haoyu and Liu Wei had some expressionless faces, while others were very unhappy.

"We agreed at the beginning that we would work together to create the best game company in the world. In order not to delay the development of the game, a few of us even applied for delayed graduation. And now you turn around and tell me you want to go to Cisco?" Luo Yuhao was a straightforward person with a hot temper. He could no longer bear it and asked directly.

Cai Haoyu and Liu Wei didn't say anything, but the expressions on their faces probably conveyed the same meaning.

Faced with his friend's accusations, Jin Zhicheng looked unhappy and was unable to make any excuses.

"Are you sure? Don't you want to reconsider it?" Chen Pingjiang still planned to give Jin Zhicheng another chance so that he would not become a background board of miHoYo in the future.

Not everyone who knows the story of miHoYo would define him as a sucker.

Because this departure was really painful, enough to change his life, and he missed out on 400 billion RMB.

Jin Zhicheng shook his head bitterly: "Don't think about it. I have already done the physical examination for employment there, so I am talking about it now. Besides, there are some things that I cannot decide, and my parents will not agree."

Although Jin Zhicheng has a dream in his heart, that's all.

We are all adults now and we know that dreams are just dreams and life is reality.

No normal person would give up such a good job.

It is worth mentioning that Jin Zhicheng also thought about working at Orange Technology or Renren Online, but it was just a thought.

Given the relationship between the two companies, Chen Pingjiang would not keep him.

"Okay, since you have already made up your mind, I won't persuade you any further." Picking up hundreds of billions for free, where can you find such a good thing?

According to the agreement signed at the beginning, Chen Pingjiang has the right of first refusal.

Chen Pingjiang was not stingy and directly valued miHoYo at 500 million RMB, which means a 13% stake of 65 RMB.

It's already overpriced.

That year, Jin Zhicheng only received 13 yuan for selling 1.3% of his shares.

Chen Pingjiang directly increased it 50 times.

After seeing the bank transfer, Jin Zhicheng was so excited that he kept thanking.

The other people didn't have much thought about it, and some were even a little happy.

After all, even if there was no repurchase agreement, more than 60 was too much, and they could not come up with so much money to repurchase shares.

I am happy because at least the shares I have are valuable.

At this point, Chen Pingjiang has acquired 43% of MiHoYo’s shares.

And this money will bring him hundreds of billions of revenue in the future after the success of Genshin Impact.

"Let's have a farewell dinner together tonight?"

Jin Zhicheng waved his hands repeatedly: "No, no, thank you, Mr. Chen, I still have to take a bus back to Shanghai, it will be later."

In fact, Jin Zhicheng didn’t want to eat and didn’t dare to eat it. He was afraid of being embarrassed when facing his former brothers.

"Okay!" Now that things had come to this, he was too lazy to persuade anymore.

When Jin Zhicheng stepped out of Chen Pingjiang's office door, he looked back at Cai Haoyu and others. Chen Pingjiang saw that his eyes were red.

However, Cai Haoyu and the other two did not forgive him and turned their heads away.

With a bang, the office door was closed again.

The atmosphere in the room was somewhat silent. Cai Haoyu and the other two did not say anything, but they were still very upset. After all, they had been together since college, and they had persisted in such difficult conditions, all for the dream in their hearts.

But...someone's gone now.

Although they blamed Jin Zhicheng for deserting, they could more or less understand it.

At this stage, offers from Fortune 500 companies are indeed more attractive.

In comparison, what is miHoYo? It doesn't even have a single work worth showing off.

Although I understand, I still blame Jin Zhicheng.

In addition, these three people also felt confused and hesitant for the first time.

Maybe we really can't make a great game?

Chen Pingjiang put his hands in his pockets and said jokingly with a smile: "What's the matter? You all look like eggplants hit by frost. Cheer up."

After a long while, Cai Haoyu took a deep breath and said, "Mr. Chen, I want to ask you, did you encounter any setbacks when you started your business?"

"Why? Are you a little discouraged?"

"I'm not discouraged, I just think starting a business is too difficult. MiHoYo has been established for more than two years, and has achieved nothing. We are not even sure about the new Honkai Academy. So I can understand Jin Zhicheng, but I'm always unwilling to give up."

Chen Pingjiang smiled and consoled them: "Although I really want to make up some fictitious things to comfort you, I have to tell you honestly that I have good luck. It seems that I have not encountered any setbacks since I started my business. It has been smooth sailing all the way."

Cai Haoyu: “…”

Liu Wei looked at Chen Pingjiang with envy.

Look at the startups they have started, they are really not on the same level as ours.

In just a few years, we have achieved such a scale, made a name for ourselves all over the world, and have so many industries and so many companies.

There were only three of us, and we had to work hard all the way, with an angel investor, but we couldn't make a single game.

"However, I can take you to meet someone. His company is also located at the Qingshan Lake Terminal Base. I also invested in it. It's called DJI."

Liu Wei asked curiously, "So that wasn't the company you founded? We rode past it and it seemed to be making drones."

Chen Pingjiang nodded: "Their founder is called Wang Tao. When things were at their most difficult, he was the only one left in the entire entrepreneurial team. But he still persisted and is getting closer and closer to success. You are all young high-tech entrepreneurs, you can exchange entrepreneurial experiences."

Chen Pingjiang drove the three of them back to the Qingshan Lake Terminal Base and arrived at DJI's office.

When he saw Wang Tao, this guy locked himself in the laboratory and worked hard on research.

Even when he saw Chen Pingjiang, he didn't even raise his head.

Chen Pingjiang didn't care about it. Instead, he looked at the drone on the table next to him with interest.

This drone is snow-white all over and is not much different from later generation drones. The only difference is the camera.

At this time, Wang Tao, who had finished his work, came over and introduced: "This is the prototype of Phantom, the first small-scale Ready-to-Fly vertical take-off and landing, integrated multi-rotor aircraft developed by DJI for aerial photography. I won’t talk about the appearance, but its multi-rotor flight control system, the Naza-M+GPS system, integrates the advantages of long life and stability, and is equipped with a customized radio remote control system. All flight parameters and functions have been set and debugged before leaving the factory. It is installation-free and debugging-free, and can be flown immediately; it is easy to operate and maintain, making stable flight and interesting aerial photography a breeze."

Chen Pingjiang smiled and said, "You memorized the introduction so well. Here, you guys can admire it. Be careful not to break it, otherwise Wang Tao will kill you."

As he said this, he handed the Phantom in his hand to Cai Haoyu and the other two.

After Cai Haoyu and the other two got the Phantom, their faces flickered with excitement as they looked at it over and over again.

"It looks very nice, and most importantly, it's small and easy to carry, which is its biggest advantage."

"This is awesome, man. This is definitely a groundbreaking product."

Wang Tao had a proud look on his face as he introduced: "It does not require any assembly or debugging. It can basically fly as soon as you get it. The key is that it also has a time-space return function to avoid crashing. The maximum horizontal flight speed can reach 10m/s, and the maximum vertical ascent speed is 6m/s."

Cai Haoyu asked curiously: "How long can it fly?"

"One battery can last about 15 minutes. If it runs out of power, you can just replace it with another one."

“That’s pretty awesome.”

Chen Pingjiang patted Wang Tao's shoulder happily and said, "Not bad, the completion rate is very high. You have worked hard during this period."

Wang Tao shook his head shyly: "Fortunately, as long as it is made, it is worth it. After a few months of testing, it can be delivered to the factory for production. Mr. Chen, I will be at the factory by then."

"No problem. Our Gigafactory Phase 2 will be completed in a few months. We will then set aside an area to manufacture DJI drones." Chen Pingjiang pointed at Cai Haoyu and the other two and said, "This is Cai Haoyu, Luo Yuhao, and Liu Wei. Their company, Mihoyo, also has an office in Qingshan Lake. I'm bringing them here today so you young people can exchange your entrepreneurial experiences."

No one thought there was anything wrong with what Chen Pingjiang said.

Although we are all about the same age.

However, although Chen Pingjiang is successful in his career, he cannot be called a young man to some extent.

"Okay, let's go sit in the office upstairs."

After saying that, Wang Tao took Cai Haoyu and the other two upstairs.

Chen Pingjiang stayed and continued to wander around, and even took the Phantom 1 outdoors to try it out.

I have to say, it feels good.

Although it cannot be compared with DJI's later products, it was still quite explosive at that time in 2012.

Today's drones are unable to hover in the air, making it difficult for users to operate them with ease.

But now it’s different. The application of the built-in GPS system means that users can control the drone more accurately. Even if the user lets go of the remote control, the drone can autonomously fix its position or hover in place.

The people upstairs chatted for an hour or so before returning to Chen Pingjiang.

Chen Pingjiang smiled at Wang Tao and said, "That's great. You can use Orange Technology's channels to sell globally. Orange Technology can just be your agent. This will give you enough time to build your own sales channels."

After hearing this, Wang Tao said happily: "Thank you, Mr. Chen, this finally solved a big problem in my mind."

Although DJI has products now, it cannot do without channels.

But if you use Orange Technology’s channels directly, it will be different.

It can not only be sold domestically, but also exported overseas.

The sales volume can be at least 60 to 70 percent higher than that sold by DJI itself.

The most important thing is that with the endorsement of Orange Technology, people will trust DJI's products more.

It's like asking the world to enter Huawei's store. (End of this chapter)