Chapter 882: Have you found a leak? "Hey, I know you. Your name is Wang Xinxin, right? Why? You came out of DJI?"
There is not only one dinner in Wuzhen, but the most famous one is naturally the one organized by Lao Ding. People like Xiao Ma, Wang Xin and others will also organize gatherings in their circle of friends in private.
We run around all year round, and it is very difficult to gather many friends at once.
Dan Jincheng attended many dinners and parties in three days.
Today is a party that Rebs brought him to attend, organized by Zhang Peng, the owner of Geek Park. Geek Park is an entrepreneurial community that gathers in the Internet field, tracks the latest technological trends, and discovers more investment opportunities through online and offline methods.
"Look at how young people start their own businesses nowadays. We cannot be abandoned by the times."
Tan Jincheng invested in a lot of hard technology. Rebs felt that he would be interested in such a party. What if there is an investment opportunity? You should know that Tan Jincheng has always had a good investment vision. "Yes, there is nothing you did not do wrong, it's just because you are old and can't keep up with the times." Wang Xinxin was obviously a little at a loss. He didn't expect Tan Jincheng to remember him. They only met on the day the first Wei came. At that time, he was responsible for organizing and coordinating DJI's service team to provide technical support to Wei on the spot.
"Hello, Mr. Tan, I didn't expect you to remember me; yes, I came out of DJI and started my own business."
Tan Jincheng raised his eyebrows. The protagonist's accent today was a bit familiar: "Hmm? Twist?"
Wang Xinxin smiled: "Yes, Alahyao Twist."
"Ha, he is also a fellow villager, just a coincidence."
Tan Jincheng and Wang Xinxin both spoke very fast, and the others couldn't quite understand it. They looked at these two in confusion. One was the protagonist introduced today, and the other was the Golden Hand in the investment circle. All the investment projects he focused on were big hits.
Seeing that everyone was a little confused, Tan Jincheng smiled and said, "Old Wang, I'll say hello to him."
In addition to Rebs, there was also an acquaintance of Wang Xin. Tan Jincheng could remember Wang Xinxin's name because his name only had one new word to Wang Xin.
"Ah, I knew that Mr. Tan's nest was in Ningcheng, but I didn't expect Mr. Tan's Ningcheng dialect to speak so well."
"Haha, in 2004, people in Ningcheng were relatively xenophobic. If they didn't learn some of the Ningcheng dialect, their business was not easy to do. Mr. Wang should know something."
"I heard from my fathers that everyone was not in good condition at that time. Many older people were afraid of being stolen from their jobs, which was more or less discriminatory."
"Hey, this matter is everywhere, I won't mention it."
Zhang Peng smiled and changed the topic, and then said, "Today I will mainly introduce Mr. Wang to everyone, and let him introduce his project. Unexpectedly, Mr. Tan and Mr. Wang are still acquainted with each other."
"When our first lieutenant came, DJI's technical support on the spot was Mr. Wang, and we met at that time."
"Hehe, I met Mr. Tan at that time, but I didn't expect Mr. Tan to remember me. It's my honor."
"This is not the case. Speaking of which, I should not be a few years older than Mr. Wang, right?"
"Hey, I met Mr. Tan at that time. I didn't expect Mr. Tan to remember me. It's my honor."
"This is not the case. I should be a few years older than Mr. Wang, right?"
"Five years older."
Wang Xinxin's company was established in August this year. It is a technology-based startup engaged in the research and development and production of civil robots. Now they only have one robot dog. This time they came to the Internet Conference to try their luck to see if they can find angel investors.
"Mr. Wang, show us your robot dog."
Wang Xinxin was quite moved. He was a newcomer from DJI. He has only been a big shot in the business for a few months. He has maintained great respect for him. Tan Jincheng's arrival surprised him and was also looking forward to it.
Everyone knows that Mr. Tan is known as the Golden Hand in the venture capital industry. The projects he likes are developing well in the future. Although this thing is more or less superstitious, who doesn’t want to get a good omen in the early stages of starting a business?
If you can get the angel investment from Mr. Tan, it will be an encouragement to the entire team, including him.
The robot dog display is very interesting. I fell down when I passed the threshold, which made everyone laugh.
"Is this thing a bit similar to the thing that Xiao Rizi created in 2005?"
The person who spoke was the boss of a soldier. In addition to Tan Jincheng, Rebus, Wang Xing, and the founder of Cangba and Kwun, it is not bad to say that it is a big shot. In 2016, a soldier is definitely better than a soldier.
Singba and Mohu are also in the popular period now.
"It's a bit similar, but this is not important. Five years ago, who dared to say that our new energy vehicles can be the world's number one? I think this thing is quite interesting. Can Mr. Wang talk about its future application scenarios?"
Tan Jincheng was quite interested in this kind of robot, mainly because he had seen many robots involved in daily work during that period.
Xiao Rizi's technology is advanced, but so what if you lead? Besides, if you lead too much, it may not be a good thing. "It's true. The development of the times cannot be based on the old vision. Advanced technology has the advantages of advanced technology, but pursuers also have the advantages of followers, right?" Rebs also followed suit, obviously he was a little interested in this robot dog.
"Our workshop has automated machinery and equipment such as robotic arms. If these robots can replace part of the labor and the cost is not high, I don't mind purchasing some of them."
"Than for the support of Mr. Tan, our robot research direction is mainly in the fields of bionic sports, industrial rescue, and family services. However, commercial use is not yet supported. We are still in the R&D stage for the time being."
It's good that the big guys are interested, so you don't have to worry about angel investment.
While Boss Tan was attending various conference dinners, the restructuring plan for Orange Technology was also steadily advancing. The first is Nvidia's share reduction plan. In the hot environment of mining, even if there are huge reductions from major shareholders, it cannot suppress Nvidia's significant rise.
After October, Nvidia's shares have risen one day more than one day. The plan to reduce shares of 5.35 million shares of Giant Engine started in November, and it successfully reduced its holdings at an average price of $72, bringing back $385.2 million.
As of the Internet Conference, Nvidia's stock price has soared to more than $90. It can be said that mining is the first landmark event of Nvidia's takeoff.
The whole world is mining. Large mining plants in Sichuan Province, domestic miners account for more than 70% of the global computing power. The low electricity prices and hardware supply chain advantages consolidate the mining position.
Although the mining income at this time was not as high as in previous years, it was still very profitable. There were even some places where the power resources were obvious, ZF dominated mining.
But this thing will be illegal next year, and it will be the last year's chance to make money.
The large part of the reason I talked about with Lao Huang was to use the funds for the reduction to stock up on Nvidia's graphics cards. Although Lao Huang didn't think Tan Jincheng also wanted to mine, he was also happy with such exchanges.
In addition to reducing the holdings and influence of the huge amount of engine in Nvidia, the reduction of holdings can also purchase graphics cards by directly signing a contract, bringing higher sales and profits to Nvidia. This is a win-win situation, and Lao Huang has no reason to not support it.
In addition to reducing its holdings of Nvidia's shares, Orange Technology's restructuring and asset purchase plan has been approved by the China Securities Regulatory Commission and the SEC. Tan Jincheng has made certain concessions in the valuation of Dingding, Gaode Map and Tianmei Studio.
Ding Ding's overall valuation is still $1.55 billion, Gaode Map has $3 billion, while Tianmei Studio's valuation is $1.15 billion, with the combined three being $5.7 billion.
Orange Technology acquires these three major assets held by Juliu Engine through the issuance of stocks and cash.
According to the current market value of Orange Technology, the assets acquired are roughly equivalent to about 70% of the current market value. However, since the restructuring plan was passed, Orange Technology's market value has soared rapidly.
Lu Qi's franchise, changes in senior personnel, implementation of restructuring plans, comprehensive entry into artificial intelligence, and Orange Technology, which has entered the direction of artificial intelligence, has given the capital market too much imagination space.
Although Lu Qi has not officially taken office yet, he is already working for Orange Technology in private. The biggest benefit of this place in California is the talent circulation mechanism, and they do not even allow signing a competition agreement.
I resigned the day before and was able to take office in a new company the next day. The problem faced by the workaholic Lu Qi as soon as he took office was a huge challenge. Lu Qi, who likes to challenge, was very happy.
Lu Qi, who is full of youth and is responsible in his work, has gained multiple favors including Orange Technology and local Zf since his debut in Ningbo City.
From the employees of Orange Technology, how could Lu Qi's Daming be unfamiliar with the Internet work they are engaged in? The boss was able to invite such a big shot over, which undoubtedly increased their confidence in the company.
In addition, in terms of personal interests, they also welcome Lu Qi's franchise. After years of development, Orange Technology has no longer been able to hold shares for all employees, but the employee shareholding ratio is still the highest in the Internet field.
Under the leadership of the great people, the company's market value has increased, and their wealth can also increase.
Lu Qi's joining was welcomed by everyone. Although he has not officially taken office as CEO, Lu Qi has already started working, and in his own words, he is a little impatient.
Tan Jincheng admires this.
Sun Tongyu resigned from Taobao and studied abroad for several months as relaxation. He is different and wishes he started immediately. I really admire him for his mentality at the age of 55.
The first thing Lu Qi did to formally carry out his work was to talk to the management of Juliang Engine, Ding Ding, Gaode Map and Tianmei Studio about the acquisition. Although the final decision was Tan Jincheng, he still talked about the overall figure of 5.7 billion US dollars.
The Dingding and Gaode map released by the Ministry of Science and Technology has been half a year. With rapid growth, he can use the valuation half a year ago to convince Tan Jincheng and the management of several major companies, and his ability is still very strong. The acquisition uses the money from the listed company. If you give an extra purchase price of $10 million, there are many people who can share the money. Lu Qi, based on the identity of CEO of Orange Technology, won the money successfully.
In addition, there is Tianmei Studio's valuation. With the gradual expansion of the Honor of Kings industry chain, this valuation is generally considered very cost-effective.
Besides, in addition to the most core Honor of Kings, Tianmei Studio has many other popular games. Based on the original Orange Technology Game Group, they have very strong R&D capabilities in mini games.
It has no nutrition and is not long in life, but it can only make money.
The four companies are all Boss Tan’s own assets. Injecting the other three into the listed company system is a bit unpleasant, in addition to giving them free of charge, there are suspicions of letting them take over. It is not easy to be able to pass the shareholders’ meeting smoothly.
The price Lu Qi negotiated at was acceptable to both parties, and this was his first achievement to Orange Technology.
Although the four companies are all Boss Tan's assets, the interests involved are not as simple as the left hand and the right hand. The price is not something he can decide casually.
In addition, what surprised Tan Jincheng was the returnee who was quite smart. He immediately asked the management of Orange Technology to introduce relevant leaders in Ningbo City to him. Tan Jincheng thought it was right to ask for the wharf to visit him.
"Internet Desert" Ningbo City unexpectedly appeared a nationally renowned and authentic pure blood Internet company. How can local ZF not be happy? But Boss Tan has always been doing "subtraction" for Orange Technology.
Orange Technology's revenue and profit have been growing steadily, but it is undeniable that with Sun Tongyu's departure, the influence of Orange Technology is declining little by little, and Ningbo City's signature on the Internet is gradually losing.
From the perspective of Ningcheng ZF, they hope that Orange Technology will become bigger and bigger, but unfortunately, Boss Tan's choice goes against them, and they cannot affect the normal operation of the company.
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This time, Boss Tan not only took the initiative to integrate his Internet-based industries into the most popular artificial intelligence, but also invited a big shot in the Internet field who is more famous than Sun Tongyu to take charge.
How can this not surprise them?
Boss Tan does not need to come forward, if you can cooperate with a phone call, you will be very strong.
Tan Jincheng's various behaviors are actually not difficult to see now. What he is committed to building is a technology kingdom, from offline intelligent manufacturing to online "soft technology" and the transformation of investment direction.
This cake is something that no city can refuse.
As the only two representatives of entrepreneurs, Tan Jincheng, Ningcheng ZF has made a lot of efforts in this Internet conference. They have always been fighting for it in the province. This time, they came forward to win such a seat for Tan Jincheng.
"This is my private business card. If you have the opportunity, you can ask me to go to your company to see your works. I am very interested in your robots; you know, our horizon also has the name of the robot, although what we do seems to have nothing to do with the robot." "Also, if you want to invest in angels, you can also come to me. If you have any colleagues who want to invest, you can introduce it to me." Although the robot dog fell when crossing the threshold, Tan Jincheng did not hide his interest in Wang Xinxin and his project. He had never heard of the name Wang Xinxin, nor his company.
But the company's address is in Hangzhou and is engaged in the robot industry, which reminds him of the quantitative fund that Cheng Linfeng told him before. As an open entrepreneurial city, Hangzhou is quite inclusive.
There are many startups engaged in this kind of high-tech, and it is enough to invest 100 companies to succeed. Although the prototype of the robot dog is not ideal enough, it has done a good job and is relatively cutting-edge in design, which is completely different from those existing robot dogs that look ugly.
This aesthetic ability alone is worth a try. "Thank you, after we achieve results, we will definitely invite Mr. Tan to visit."
Wang Xinxin was a little excited after taking the business card handed over by Tan Jincheng. Although this person is only five years older than him, it is definitely a very proud thing to get his personal business card.
In the eyes of entrepreneurs, especially those in Zhejiang Province, Tan Jincheng, who is also rich and powerful, is not inferior to Lao Ma at all. His investment style is more popular among investors than Lao Ma.
This is the popular chicken Zhang Yiming mentioned in public more than once this year.
The investment styles of the three BAT companies are basically similar. Due to traffic problems, they need the invested companies to output more traffic to the entity. Once the companies that have nothing to do with traffic become stronger and bigger, they will compete for control.
Although T is softer than BA and gives money and traffic, they are very persistent in pursuing shares, and the requirements of more than 10% of the shares greatly limit the intervention of other investors.
To put it bluntly, what T wants more is to be stamped with the "Tengxun Group" by the investment company to enrich his industrial empire.
Tan Jincheng's investment style is completely different from these companies. Although he also refuses shares, he does not have to put his mark on the company he invested in. He is happy to be able to accept the sale of more shares or even sell them.
But the founder is unhappy to sell too many shares, and he doesn't care. The two parties can reach a strategic cooperative relationship.
This gives invested companies a lot of room for operation. Introducing multiple investment institutions is conducive to the company's own development, and the existence of multiple investment institutions and the different interests of each other are also more conducive to the founders of the company to better control the company.
"Hehe, is Mr. Tan interested in this project?"
As the organizer of this time, Zhang Peng from Geek Park was a reporter. He interviewed Tan Jincheng and both parties are quite familiar with each other. In recent years, Zhang Peng has been paying attention to the founders of small and micro innovative enterprises in artificial intelligence, and is in contact with investment projects in the center, and they will also participate in some investments in projects themselves.
Of course, their funds are limited, and it is impossible to cast a large number of nets like Shunwei and a huge amount. At this time, vision is very important, and following the big guys to eat meat is the best way.
Tan Jincheng was not among his invitations. Rebus just told him to bring an excellent investor to see. What Zhang Peng did not expect was that this "uninvited guest" was the first to perform his interest in Wang Xinxin's project.
After the post-90s, the company has only been established for a few months, and the robot dog technology that can be proved is almost as good as that of Xiaoli 2005. That’s it?
This is the thought in the minds of most people at the scene, but what they don’t understand is why Tan Jincheng was interested in this project and even gave his own private business card.
Zhang Peng was a little sour, he didn't have Tan Jincheng's personal business card.
"Yes, like Mr. Lei, we have invested in a lot of hard technology. If Mr. Wang is willing, I can invest in the venture capital round. If the company's perspective is too troublesome, I can invest in the personal investment."
Most start-ups are actually more willing to accept investment in their personal names in venture capital rounds, because no one will talk nonsense everywhere if they mess up, and it is good for both parties.
Most of the people involved in venture capital rounds in the name of the company are that this project itself is a star project. The founder has also experienced many entrepreneurship and has a mature financing system.
Wang Xinxin's venture capital round obviously does not belong to the second situation. "Okay, I was a little interested in it at first, but since you are willing, then come on. Anyway, you have been getting a lot of money from NVIDIA recently, and you are rich."
Boss Tan has cashed out 2.5 billion yuan from NVIDIA, and Boss Tan has become the focus of discussion among A-share investors, but unfortunately, NVIDIA's stock has risen too hard. Based on the current price, Tan Jincheng has lost 100 million US dollars.
Stock investors think that Boss Tan lost money by selling this cash out. Before the start, the real investment has never been sold at the highest point. What's more, he took back his investment in Nvidia and Tesla with just one cash out. No matter how he sells it later, he will make a profit.
"Haha, nothing wrong. I have made some money recently, but I don't know if Mr. Wang is willing to accept my investment; of course, if you have other investment intentions, you don't have to force me." "No, Mr. Zhang brought me here this time to find a venture investor. Thank you very much for your attention."
Wang Xinxin obviously didn't expect it to be so smooth, so he showed it and asked a few questions. He succeeded without looking at any PPT. Are the investment styles of the big guys so capable? "Okay, XDOG is now quite famous in the robot circle. You came from DJI again, and you have some connections with me. So, I don't take advantage of you, how about 5 million 10% of the shares?"
When he said this, Tan Jincheng couldn't help but sigh secretly. He missed the era of 20% or even 30%.
If he was as rich as he is now, then he might be another Shen Nanpeng? "Good, I'm convinced, why are you hesitating? Nodding." Zhang Peng sighed a long sigh and the big guys at the scene, including Rebs, also smiled knowingly. Tan Jincheng said this beautifully, giving enough face to this post-90s. The most important thing is to give money generously.
However, as he did this, he raised the threshold for round A financing, invisibly blocking some investment institutions that wanted to make trouble.
To describe it in one sentence, it is that this company is covered by Tan Jincheng. Don’t think about fighting Qiufeng if you have nothing to do.
"No problem, thank you very much, Mr. Tan."
Wang Xinxin was excited and could not face such a scene for the time being. He had found several investors before and asked for a price of 2 million, but none of them were effective. He also wanted to try his luck when he came to the Internet conference.
I didn't expect that I would really touch me. "Okay, give me an account, I'll transfer the money to you. This is my private investment. You can just ask my assistant to add an agreement."
DJI came out and created a prototype machine in a few months. She was recommended by Zhang Peng. She also invited so many well-known investors at once. This company has a bit of prospects no matter how you look at it.
The opportunity is in front of you, Tan Jincheng will not be pretentious, maybe he has made a mistake?
However, compared to this kind of small investment, Tan Jincheng is most concerned about Meizu now. Shen Nanpeng is already trying to help him operate, and he also made an appointment with Lao Ma to have a private chat.
It's just that Huang Zhang is too difficult to deal with. It can be said that Meizu is really successful and defeated.
Is there any way to drive him out?
(This chapter ends)