Winning the new financial era

Chapter 582 Whole-owned Acquisition
"Android in the IoT world!"

Zhang Yida chewed this sentence over and over again, and felt that this expression was very vivid.

"In 2019, the group will invest 100 billion in IoT to help the industry take off."

Zhang Yida glanced at everyone indifferently, taking in everyone's reactions.

Except for Wang Jie, everyone present was not too surprised.

Several scientists in the Internet of Things Lab may be slightly excited, because a large part of these funds will go to the labs they manage.

For scientists, there is nothing that makes them happier than abundant research funding.

It is not too difficult for Ruixiang to come up with 100 billion cash, and it can even be said to be easy.

Over the past few years, Ruixiang Group's investment in technology has been several times this figure.

Wang Jie really felt the courage of the technology giants. Taking out 100 billion is just like ordinary people taking out 100 yuan.

If only so much money was invested in developing VR equipment for ourselves.

However, she only dared to think about it in her heart. After all, the VR market has not yet fully exploded, and investment also has certain risks.

What's more, they are just a humble holding subsidiary of Ruixiang, and she is not qualified to influence Zhang Yida's decision.

Zhang Yida continued, "Part of the 100 billion will be used to upgrade the Xiaorui speaker, and launch a smarter and more perfect second-generation product as soon as possible.

In addition, the research and development of IoT underlying architecture technology will continue to be strengthened, and the team of scientists will continue to expand due to insufficient manpower.

There is also a part to be used to cultivate the industrial ecology and organize the Internet of Things Developers Conference.

The group's strategic investment department will also cooperate with Huayi Capital, Heishan Capital, Zhenke Fund and other investment institutions to incubate and invest in potential entrepreneurial teams.

In addition, the Group will also cooperate with the Ministry of Education to connect production and education integration projects, and fund projects related to the Internet of Things in colleges and universities. "

A young scientist in his 40s commented with a smile, "I very much support Mr. Zhang's decision. To become a top IoT company, you really need to do this.

It is necessary to invest in the ecological construction of IoT developers for a long time, and at the same time promote the positive development of the entire industry of IoT. "

Zhang Yida smiled, "It's not that great. After all, the cake is bigger, and each player can share more. What we are doing, Ari is also doing."

Each of the other scientists also expressed their views, and Zhang Yida listened to them all.

After the meeting ended, Zhang Yida asked Wang Jie to stay alone.

"Mr. Wang, I have admired your name for a long time."

Zhang Yida looked at this well-known female player in the VR industry, and said politely.

"Mr. Zhang, don't call me that, just call me Wang Jie."

Wang Jie waved her hands again and again, she dared not accept Zhang Yida's title.

People call it that because they think highly of themselves. It's so stupid that they don't know what to say.

She has also been in the VR industry for 14 years, and she still has a lot of experience in the workplace.

Zhang Yida smiled, and didn't bother with the small problem of titles.

"I heard that the development of 3Glasses X1 is about to be completed?" Zhang Yida asked lightly.

"Yes, this is the first consumer-grade ultra-thin VR glasses that we will launch."

When talking about the product, Wang Jie immediately introduced it endlessly.

After hearing this, Zhang Yida nodded, and then asked, "What are your thoughts on the subdivision of VR hardware?"

Wang Jie didn't know whether Zhang Yida's words were meant to judge her or had other meanings.

She smiled slightly and said conservatively: "The current idea is to polish the product well and increase market share by relying on product quality and word of mouth."

Zhang Yida nodded, "Yes, only good products can win the reputation of users."

Then he changed his voice, "However, unlike mobile phones, VR has already matured.

When purchasing a VR device, users also value service and content in addition to quality and experience.

Now the major VR manufacturers are fighting each other. Although they have authorized each other's app stores, there are still too few compatible apps. "

Wang Jie is a practitioner in this industry, and he is very clear about the ways and means, and said with a smile: "I will rely on Mr. Zhang for this. I heard that Ruixiang has been working hard on VR games, videos and other content, and is still creating VR app development tools and store."

Zhang Yida nodded, "That's right, VR has great synergy with our content industry, so we have been sparing no effort to expand the VR layout."

Wang Jie said with a smile: "I always thought Mr. Zhang was very forward-looking, and when I met him today, he really lived up to his reputation.

The VR industry currently has a small market, but with the maturity of various technologies such as 5G, it will surely usher in a golden stage of development. "

Zhang Yida said "wonderful praise" and said with a smile: "Ruixiang wants to acquire 3Glasses wholly, what do you think?"

Wang Jie didn't expect such a problem, so he asked: "Mr. Zhang, haven't we been indirectly controlled by Ruixiang? Is it necessary to acquire a wholly-owned subsidiary?"

Zhang Yida sighed, "You are currently limited by funds and size, and your development is too slow.

If Ruixiang continues to inject capital, your shareholding ratio will definitely decrease. It is better to join Ruixiang directly, so that the communication between the two parties will be smoother, and it will be more beneficial to the development of 3Glasses. "

Wang Jie began to think about it. Just now Zhang Yida unconsciously talked about the dependence of hardware on content.

It can be said that without sharp content support, even if 3Glasses develops, the room for growth is very limited.

3Glasses was fully acquired, so Ruixiang's resources were not wasted, and all the meat was rotten in the pot.

Moreover, compared with this behemoth, 3Glasses is indeed too small, its size is incomparable, and it is also very uncoordinated.

Ruixiang's entry into VR hardware is naturally aimed at Facebook, Sony, and HTC.

I really don't pay much attention to my small company, and the wholly-owned acquisition of 3Glasses must be based on this to make a bigger layout.

After thinking about it, it seems that I really have no reason to object.

However, Wang Jie still wanted to stay in the VR industry, so she tentatively asked: "If 3Glasses is acquired by Sharp, how will the employees be arranged?"

Zhang Yida saw her little Jiujiu at a glance, everyone knew it, and he didn't point it out.

"3Glasses was acquired, and the employees are naturally employees of Ruixiang, and you continue to be the CEO.

At the same time, Ruixiang will also invest a large amount of funds for team expansion, product development, sales and so on.

In addition, the original 3Glasses management team including you will enjoy the equity incentives from Sharp. "

Zhang Yida felt that his condition was enough, looked at Wang Jie, and waited for her reply.

Wang Jie quickly made a decision, and said with a smile: "Personally, I am very willing to join Ruixiang, but I just need to discuss it with shareholders and the management team.

Mr. Zhang, give me a week, and I promise to give you a definite answer. "

Zhang Yida saw that this was the topic of the conversation, and the bid was not too big, a matter of hundreds of millions.

So I didn't talk about the price, so I called Lan Lan over directly, and she was in charge of the subsequent pricing and negotiation of various details.

3Glasses has a good foundation. According to IDC statistics, last year's Q3 quarter sales accounted for 1.8% of the global market, second only to Pico, another domestic VR all-in-one manufacturer. Sony and Facebook both have [-]-[-]% market share.

In addition, 3Glasses has more than 300 patents, making it the VR manufacturer with the most patents in China.

Compared with the valuation of 6 million yuan when Digital Domain bought shares last year, Lanlan raised it by 2 million yuan, and offered a valuation of 8 million yuan.

Wang Jie didn't bother. After all, 3Glasses is not really a big company, so she readily agreed to the price, and then flew back to Pengcheng to inform the shareholders and management team.

(End of this chapter)