Winning the new financial era

Chapter 558 AI Rivers and Lakes
The trend of mobile Internet started in 2010, and Rice, Meituan, and iQiyi were all born in this year, also known as the "Top 10 Entrepreneurs".

In the following years, the trend intensified, and various Internet wars and subsidies burned money.

But this year, everything is on hold.

On the one hand, the national financial strategy strictly controls risks, leverages from top to bottom, and introduces "the most stringent new asset management regulations in history", reducing market liquidity.

Fundraising is difficult, and it has been the number one problem for major investment institutions since the beginning of the year.

On the other hand, this year is another big year for the collective IPO of leading projects.

The valuation of projects in the primary market is inflated, the secondary market plummets, and the prices in the primary and secondary markets are inverted.

Chinese concept stocks went to the United States to go public in Hong Kong, but suffered a series of breakouts.

Withdrawal has become a big problem again.

Unable to raise funds, and unable to withdraw from the invested projects, the number of major investments will undoubtedly be reduced.

This impact is transmitted to the market, that is, a large number of start-up companies cannot raise funds.

Small start-ups die silently, quasi-unicorn companies lay off employees and cut salaries, and unicorns stop throwing money.

Everyone has the same goal in mind, to survive first.

Startups are short of money, and non-top VC/PE are short of money, but big companies like BATJ are not short of money.

So shortly after Ruixiang expressed its intention to "sell unicorns", big manufacturers immediately began to send people to approach them.

In addition, several leading domestic PEs and foreign PEs came to see if they could find some good things.

These institutions have big businesses, even in today's environment, they are still much richer than small and medium-sized investment institutions.

President Wu of CDH Investment looked at the sales list provided by Ruixiang, and asked, "Why are there no Shangchao Technology, Questyle Technology, and Yitu Technology?"

Zhang Yida smiled, "These companies have in-depth cooperation and are not for sale."

The representatives of several other companies also laughed, which was expected by them. Naturally, Zhang Yida couldn't have gone mad and sold the shares of the invested companies with business synergy.

The ones put up for sale are naturally companies that have little business connection and are "polluted" by Ahri and Penguin.

In addition, except for the third of the four AI tigers with relatively high technological content, DJI, UBTECH, Horizon, Royole Technology, and several online education companies engaged in hardware are not on the sales list.

Various investment institutions and major manufacturers selected and selected, and each drew up their intended goals.

Ari selected several companies with "relationships" such as Manbang Group and Huitongda;

Penguin is similar, picking away Daily Fresh and Shell to find a house;
After Goudong merged Goudongdaojia and Dada, the small part of the equity that Ruixiang got was also bought.

Several PEs such as CDH Investment, New Horizon Capital, and Hony Capital have taken a fancy to several unicorns such as Singularity Automobile and Ucommune.

After the target is selected, the point of controversy comes back to the price.

Zhang Yida was not interested in bargaining with them, and Lan Lan was not around, so he handed over the negotiation task to Lin Zhenyang.

……

"Mr. Zhang, Mr. Zhu of Yitu Technology, and Mr. Yin of Questyle Technology called me and expressed their hope to repurchase our shares."

Lan Lan called Zhang Yida with a heavy tone.

Recently, she has been busy contacting the shareholders of Digital Domain, and it is almost the end of the day.

As a result, at this juncture, my backyard caught fire.

"Repurchase? Haha, Ahri is probably behind the scenes!"

Zhang Yida shook his head, Ahri had shares in both companies, and it wasn't the first time that they flirted with each other.

He thinks that it is not easy to apply AI, and one more Ali will also have one more usage scenario, so he keeps turning a blind eye.

Ari didn't drive Ruixiang away either. After all, they didn't want to buy such a company that burns so much money in one go.

When the two companies have achieved results and the future is bright, it will not be too late for them to drive Ruixiang.

At the same time, Ari has not stopped exploring related technologies such as computer vision internally, which can be regarded as a long bet.

The face recognition technology Jack Ma showed to German Chancellor Angela Merkel in 15 came from the Face++ open platform of Questyle Technology, and its level is first-class in the world.

Today, Questyle Technology’s revenue has grown from more than 16 million in 6000 to more than 17 million in 3, and then to more than 6 million in the first half of this year, a growth rate of several times.

It seems that the revenue is not much, but it has actually reached the listing threshold of "same share with different rights" on the Hong Kong Stock Exchange. The market value is not less than 400 billion Hong Kong dollars, and the revenue in the latest fiscal year is not less than 10 billion Hong Kong dollars.

As long as Questyle Technology passes this year, it should meet the listing requirements of the Hong Kong Stock Exchange and is expected to become the first artificial intelligence stock in China.

The situation was very good, and the fruit was ripe, so Ari started to use his brains.

"In the shareholding structure of Questyle Technology, Ali accounts for nearly 30% of the shares and is the largest shareholder, let alone it."

Zhang Yida was a little puzzled and asked, "What's the situation with the medical map?"

Lan Lan smiled wryly, "I don't know, they were invested by Yunfeng Fund, and it stands to reason that their relationship with Ari is not as close as that of Kuangshi."

Yunfeng Fund is an investment fund jointly established by Jack Ma and Yu Feng, the founder of Juzhong Media. Liu Yonghao and Melatonin both have shares, which is similar in nature to Zhang Yida's Huayi Capital.

Zhang Yida sighed, "Forget it, let's sell the shares of the two of them too, the melon that is twisted is not sweet.

Later, we will focus on investing resources in Shangchao Technology, and fully support them in landing applications. "

AI companies are all big money burners. Take Shangchao Technology as an example, it has accumulated 10 rounds of financing, with a financing amount of more than 30 billion US dollars.

The reason for so much financing is that AI research and development requires too much investment in the early stage and lacks hematopoietic ability.

Ruiqian was not as rich as BAT a few years ago, so he could only invest an early sum to occupy a pit and establish a certain cooperative relationship.

Touronghui’s face-scanning authentication, Yimin’s company’s loan review face recognition, Xiongying’s face-swiping payment equipment...these technical applications all have the participation of Shangchao Technology.

While Yitu focuses on medical imaging, Questyle focuses on retail and logistics, and the cooperation with Ruixiang is relatively less.

Thinking about it carefully, it is not difficult to understand that the two CEOs chose to fall into Ahri's arms.

The next day, Xu Li, CEO of Shangchao Technology, called Zhang Yida.

Zhang Yida was a little stunned, wouldn't this company turn his back on him?
"Mr. Zhang, Ahri's people contacted me...but I refused, I think every partner should be respected.

So let me ask you, are you going to sell the shares of Shangchao Technology? "

Xu Li was very direct, and told Zhang Yida all about Ari's people contacting him, persuading him to expel Rui Xiang, and promising various benefits.

"No, we will not sell the shares of Shangchao Technology. On the contrary, if we need financing, we can make an additional investment."

When Zhang Yida said this, he was very confident. He had no money before, otherwise there would be no chance for Ari to get involved.

If it weren't for being unable to judge the future direction of Shang Dynasty's technology, he would have wanted to expel Ari.

Thinking about it carefully, there is actually no need for that, Ari is still too greedy.

If there is an AI bubble, it will be enough for Ari.

Hearing Zhang Yida's words, Xu Li was very happy, as long as he didn't sell his shares.

Both Ari and Softbank have invested in their company, and together with Ruixiang, the shareholding ratio among the giants is fairly balanced.

He neither wants Ari to quit, nor does he want Ruixiang to suspend the cooperation.

The best thing is to maintain this balance from being broken, and all giants provide their companies with resources and channels for AI applications to be implemented.

Now it's the gods fighting, and mortals like them can only survive in the cracks.

(End of this chapter)