Chapter 295: A Just Cause

Chapter 295: A Just Cause

Chapter 295: A Just Cause (6k)

Yu Xing's schedule for this trip is very full.

Meetings, exchanges, meeting people, and that was a short inspection of Chengdu.

As soon as the matters in Pengcheng were concluded, he immediately went to the University of Electronic Science and Technology of China to visit the professors and experts there on March 3, and he also brought along Sun Hao, who graduated from here and was mentioned by Zhang Yong yesterday.

Yu Xing originally wanted to see if he had a chance to visit Professor Lin Weigan, the "Father of Chinese Microwaves", but since the latter was not in Chengdu at the moment, he had to give up.

At the same time, Sun Hao tactfully expressed his opinion, believing that in addition to paying attention to the views in the basic microwave field, Yu Xing should also listen to the opinions in the communications field.

"Mr. Yu, if we really want to make millimeter-wave radar, the team must be cross-configured. We need RF engineers to develop high-frequency transceiver circuits, antenna engineers to optimize array antenna performance, and radar algorithms and chip designs..."

Sun Hao started talking nonstop, and it was obvious that he had considered the matter over and over again.

Yu Xing respected this person's opinion and looked for professors in several fields such as the Internet of Things and wireless sensor networks. He listened to Sun Hao's discussions with them more as an investor.

Although it was a hard job, the scene could be described in four words - everyone had a great time talking.

Even one associate professor showed obvious interest in participating.

The company has not been established yet, the team has not been built yet, and the investment is just an intention. In this case, everyone is interested in coming and working together...

After finishing the visit with Sun Hao, Yu Xing strolled around the campus of Chengdu University of Electronic Science and Technology, and he talked about his impressions.

"Mr. Yu, this is already very good. In my opinion, this means that the company is about to be established and the team is about to be built. The investors have expressed a rare interest, haha." Sun Hao was very cheerful. "Besides, Mr. Yu, this is what we studied. If possible, of course we hope to be able to apply what we have learned and create our own things."

He asked a clever question: "You may think that our future in this field is average, so I wonder why you risked the pressure of competing with Penguin to develop WeChat last year?"

Yu Xing smiled and said honestly: "I am more confident that I can make money, so I did it. Even if I fail, I still have a well-run website."

Sun Hao said optimistically: "Yes, we have a way out. Even if we fail, we can go back and tighten the screws."

Yu Xing felt that this person was more interesting than Zhang Yong whom he met yesterday.

He had only been chatting for a few words when his phone suddenly showed an incoming call from Bi Sheng.

Yu Xing indicated that he was going to answer the phone, and walked a few steps to the side before answering the call: "Where is Mr. Bi making his fortune? Why did you suddenly think of calling me?"

"No matter how rich I am, can I compare to Mr. Yu who stirs up blood and gore?" Bi Sheng said with a smile, "I know that Mr. Yu does big things, so I don't dare to disturb him when I have nothing to do."

Yu Xing listened to this and said, "So this is the problem?"

"You must know that Penguin is cooperating with e-commerce companies." Bi Sheng said carefully, "They also contacted me, what do you think?"

Yu Xing thought for only a second before he smiled and said, "Isn't this a good thing? What answer do you want to hear from me? Objection? Absolutely opposed?"

Bi Sheng was a little surprised: "You are crying for Ma and lobbying Ali, I thought it was at least..."

"WeChat has been sold. Besides, this is LeTao's business. I don't think you should have called me. Well, well, since you called, I think if you want to cooperate with Penguin, you should want its traffic, not its money." Yu Xing gave a suggestion, "Talk more about traffic. Penguin is in a hurry now. LeTao is a vertical e-commerce company that sells tail goods. As long as there is enough traffic, it can rely on the revenue to ask investors for money."

Bi Sheng thought for a while and said, "I heard that Penguin is looking for cooperation everywhere, but some people have refused. I asked around and found that Vipshop did not accept it."

Yu Xing couldn't help but be surprised: "Why? Are the conditions set by Penguin very strict?"

Bi Sheng replied: "I haven't had any specific contact yet, I just talked on the phone, but the conditions of each company are definitely different."

Yu Xing paced and pondered for a while, and after a while he gave a new suggestion: "Mr. Bi, although I don't know why Vipshop refused, and Penguin probably won't do exclusive cooperation now, I think this is really a good opportunity. In addition, if Penguin's conditions are strict, I will teach you a method."

Bi Sheng listened attentively.

"I am an independent director and an investor." Yu Xing mentioned the identity that Bi Sheng had just mentioned. "You can say that I am very angry about the possibility of this potential cooperation, that I am obstructing this matter, or something like that, and then see if Penguin will make any concessions on any conditions."

Bi Sheng was surprised: "Is this...will this work?"

Yu Xing said confidently: "I am quite hated by penguins."

Then, he added, "The development of Letao.com is another matter. As far as the current situation is concerned, I am still not optimistic about Penguin's attack on the e-commerce field with traffic and funds. Alibaba is very stable in the PC field, and Penguin has taught Alibaba a vivid lesson at the cost of its slow strategy. Any changes in e-commerce from the mobile end will be noticed by Alibaba."

This is the small conclusion that Yu Xing came to after taking the time to think about the Penguin’s counterattack.

Precisely because of Penguin's current strategic dilemma, Alibaba will definitely face up to the transformation from PC to mobile, and this may be the entry point that has the potential to shake its market at this stage.

As for B2C like JD.com, heavy asset operations depend to a large extent on the level of their own operations. Alibaba's Taobao Mall B2C maintains stable development and can also attract users.

Yu Xing and Bi Sheng talked for a long time about penguins and the development and changes of mobile Internet.

When he hung up the phone, he still felt a little unsatisfied. He hadn't taken two steps when he suddenly thought of a question. The strategic seminar that Penguin invited him to attend was determined to achieve transformation based on capital + traffic.

However, the direction of this transformation changed to entering the e-commerce field due to the threat of Alibaba WeChat. So... if the strategy had not shifted, where were the companies that it originally invested in through capital + traffic?

Yu Xing thought for a moment and felt that the knife from WeChat had stabbed him too deeply, and there was a high possibility of internal bleeding.

He put his phone in his pocket, strode towards Sun Hao, and said, "Come on, Mr. Sun, I'll treat you to a meal. After dinner, I have to catch a flight back tonight. A small team will work with you on the subsequent demonstration."

Sun Hao followed Mr. Yu and asked, "What does it mean to be successful in the demonstration?"

"Don't worry, I won't ask you to produce anything 100%. There is no such thing as guaranteed success in entrepreneurship and investment." Yu Xing said sincerely, "I have worked on several projects myself, and I know how you feel. I just hope that we don't waste each other's energy and time. Otherwise, if we spend several years for nothing and get nothing in the end, I will only lose a little money, but you will lose a life with infinite possibilities."

After hearing this, Sun Hao said sincerely: "Mr. Yu, you are really rich."

Yu Xing smiled and said, "I didn't think so at first, but after meeting you guys, I suddenly realized that it's really good to have money."

Sun Hao didn't know whether to laugh or cry, but it was indeed... good that someone in this industry could invest money.

In terms of the market demand for millimeter-wave radar, European and American manufacturers have their own suppliers, while the development of domestic mid-to-high-end cars still has a long way to go. If the product is to be truly developed, many cars must be able to carry it.

In terms of the profit of millimeter-wave radar, the one currently used in cars such as the Mercedes-Benz S-Class only costs a few hundred dollars. If there is a domestic breakthrough in the future, the price will inevitably drop and the profit margin will be correspondingly compressed.

Therefore, Mr. Yu’s investment...

During dinner, Sun Hao couldn't help but talk about his own views, and then got Yu Xing's answer.

"It is possible that we won't make money, or we won't make much money, but it's okay, my investment is strategic." Yu Xing said with a smile, "You don't have to be pessimistic. The sooner you can do it, the more money you will make. If you can't meet your expectations, I can acquire you if I succeed. The worst case scenario is that I don't succeed and you don't do well either, so let's work hard together."

Sun Hao agreed deeply.

After Yu Xing finished his meeting with Sun Hao, he rushed back to Shanghai overnight as he still needed to deal with the listing of Bai Xiaosheng.

If they were not here to attend the meeting in Pengcheng, people like Zhang Yong and Sun Hao should have come to Shanghai to see me, but since they have flown here, I might as well have a chat with them.

In general, the immaturity of the supply chain was anticipated, but after a simple screening, many links have already sprouted and even made some breakthroughs.

However, our tram inspection and verification team needs to expand in size. At least 2-3 people familiar with the industry are needed to connect in each direction so that the work can be completed better.

Yu Xing plans to use 3-6 months to complete the sorting out and initial investment of the domestic supply chain, and then consider launching the project.

Bai Xiaosheng's preparations before going public were more than he had imagined. On the one hand, he needed to carry out compliant structural transformation and build a VIE that could be listed overseas. On the other hand, he also needed to do financial regulation and auditing. After all these were done, he would look for underwriters. However, this part would have the assistance and introduction from IDG.

Yu Xing met with people, communicated, and attended meetings intensively for a week before he could take a breath. Then he received a call from his uncle, who formally proposed the goal of making the company bigger and stronger.

On Sunday afternoon, Yu Xing set his location at the financial center where Hongshun was located and arrived at the office early, waiting for his uncle Chu Jinxiang to arrive.

"Very busy, Boss Yu." Liu Wanying has also been busy recently, looking at mobile Internet projects. She just flew back to Shanghai yesterday. "Are you sure you want to invest in the millimeter-wave radar project?"

"I have verbally agreed to it. The contract has not been signed and the money has not arrived, but they are already recruiting people to form a team." Yu Xing said with a smile, "This group of people is quite... honest. In addition, they want to cooperate with Chengdu Electronics. Well, we have to see how this will be done."

Liu Wanying knew the general situation of this project: "It takes so much effort to make a single part, and the cost is only a few thousand yuan."

"For a mid-to-high-end car, this is indeed not much. The problem is that even if you pay twice as much, people won't sell it to you." Yu Xing said this, and then brought out the argument of creating favorable conditions.

Liu Wanying naturally understood this line of thinking very quickly and thoroughly. However, considering the negative news about Penguin not long ago, she couldn't help laughing: "Yu Xing, you are doing this kind of thing to create positive news. Have you forgotten that you are a short seller? I will cancel all the things about Guo Shan Feng when I go back, and let you be a long seller for life!" Yu Xing felt that her serious tone was inexplicably familiar. After thinking about it silently, he realized that it was like a line from "Infernal Affairs". He replied: "Then what do you want me to do? Remind yourself every day that 'I am Guo Shan Feng'? Say 'It's all me, I am Guo Shan Feng' in front of Penguin and the media?"

The male and female stared at each other and then laughed.

When Yu Xing mentioned Penguin, he talked about its strategic shift problem. The funds in the Red Falcon's account are now in compliance with regulations, so it can cast a wider net.

"Hmm, interesting." Liu Wanying mused, "The sale of WeChat must have disrupted Penguin's plans. We can study this aspect. Anyway, the first battle of the mobile Internet was launched in this way that everyone knows. Now we can feel that everyone's enthusiasm for making apps has suddenly risen."

At this time, there was a knock on the office door and Cao Hongtao, vice president of Today Capital, arrived.

Bai Xiaosheng is about to go public and new energy is being prepared. Today’s Capital is obviously happy to help Yu Xing a little and is willing to analyze the fruit chain operation model.

Yu Xing was very polite and repeatedly thanked the unfamiliar vice president of Capital Today.

Cao Hongtao was also very polite, knowing that there was a venomous intent behind Yu Xing's smile.

Fifteen minutes later, Chu Jinxiang was taken to the World Financial Center by his son Chu Zhiguang.

"Uncle, let me introduce you. This is Mr. Cao Hongtao from Today Capital." Yu Xing introduced, "This is our common financial sponsor, Mr. Liu Wanying, the boss of Red Falcon Capital."

Cao Hongtao remained polite and shook hands with Chu Jinxiang politely: "Mr. Chu, let's communicate more."

Liu Wanying was even more polite. After shaking hands, she smiled and said, "Uncle, don't listen to Yu Xing's nonsense. Just call me by my name. I went to Haiyan this year, but I was in a hurry and needed to catch the bus, so I didn't have time to pay New Year's greetings."

Chu Jinxiang was a little confused by the address of "Boss Chu", but when he heard Liu Wanying say that, he immediately smiled and said, "You are all busy, I know, now is the time to take advantage of the good times to build your career. I grow grapes, so Xingxing also benefited from it."

"Uncle, have some tea." Yu Xing poured the tea, held the cup, and waited until everyone finished their pleasantries before saying, "I've always felt that family business can be done. First, we can all work together, and second, you have experience. And, with a helper like Mr. Cao to check, you can be bold and give it a try. Anyway, if you fail, you can just go back to growing grapes."

Chu Jinxiang hummed twice, still a little uncomfortable with such formal business communication with his nephew.

"But there is one thing, which is how to divide the shares, how to make decisions, when to give the profits, and who can do what..." Yu Xing felt a headache just by saying this, "These all need to be drawn up in the charter, so as not to make panic decisions when the time comes."

Chu Jinxiang picked up the cup, took a sip of tea, and said solemnly: "Okay, I'll listen to you."

"You can't listen to me, you have to listen to you and the rules. We have to have a legitimate reason. I don't want to be blamed behind my back." Yu Xing said with a smile, "If you want to make money, then I can blame you. As for me, I can only invest some money and then see if we can scale it up."

When doing business, especially when family members are in business together, it is difficult to take care of everything and you never know when you will be blamed.

Yu Xing himself is a junior and has a lot of things to do, so he is willing to be a pusher and not to interfere too much.

Chu Jinxiang already knew his nephew's idea before he came. After hearing it again in person, he said without hesitation, "Well, let's try not to lose money. Let's all say it in advance. If anyone complains later, the minority will obey the majority. Xingxing, this is what I think. Even if some things cannot satisfy everyone, as long as the business can continue to grow, won't that solve the problem?"

Liu Wanying smiled and said, "Uncle, if you can think this way, half of the work is done."

Chu Jinxiang took out the typed document from his bag and asked his son to pass it to his nephew.

Yu Xing just took a quick look and politely stood up and handed the document to Cao Hongtao, letting the professionals take care of it.

Cao Hongtao knew his mission on this trip and carefully studied the business plan of this family-owned fruit chain.

He had already carefully read the ideas that Mr. Yu sent on WeChat and felt that they were generally feasible and had room for maneuver. Therefore, he had no pressure to correct the specific plans and regulations based on such ideas.

Yu Xing sat in a chair listening to the question and answer conversation between Cao Hongtao and his uncle, and casually picked up a document from Xiaoying's desk, which contained an analysis of a mobile app.

He took a few glances at it and thought it was quite interesting.

A few minutes later, the phone on the table received a WeChat message from Liu Wanying.

Liu Wanying: I will not invest for now to show my sincere support. Your own money will only be used as starting capital. Is that okay?
Yu Xing didn't press the phone, he just made an OK gesture.

Liu Wanying sent another WeChat message one minute later: I think if we go directly to A/B shares, the control over the company will be stable. This way it is determined from the beginning, and relatives won’t have any complaints in the future.

Yu Xing replied this time: If you make money, it’s easy to talk about it. If you don’t make money, maybe someone will point fingers at you and say, Xingxing is my love since I was a child, don’t say you didn’t marry into the family, even if you did marry into the family, you would XXXXX…

Liu Wanying frowned, and had a more intuitive feeling about the fact that Boss Yu was unwilling to interfere and instead let others speak for him.

When Yu Xing saw Xiaoying's reaction, he just laughed silently.

Chu Jinxiang and Cao Hongtao chatted for the whole afternoon and had to have dinner together in the evening. During the meal, they were still talking about the chain brands that already exist in the market.

"I'm not flattering Mr. Yu, but the fruit variety Mr. Yu mentioned is indeed quite competitive and worth long-term investment." Cao Hongtao finished his meal and was still talking about fruit before getting in the car. "It's just that this thing needs a little more time to make, and you have to be careful with your steps."

Yu Xing smiled and shook hands with Cao Hongtao: "Capital Today is paying the money, and we can operate it together. Can't we take this step forward? WeChat has also helped Capital Today make a lot of money this time."

Cao Hongtao laughed and didn't dare to agree. Anyway, if Mr. Yu wanted money, he could talk to Mr. Xu directly. He was just here today to provide reference opinions.

The vice president of Capital Today got into the car and left amidst the voices of thanks.

Yu Xing patted his uncle's arm and smiled at the solemn Chu Jinxiang: "Uncle, opinions are opinions, but you can learn while you work. If it doesn't work out, I will list my company on the stock market and then sell the stocks to you to make money."

Chu Jinxiang sighed and said quietly, "After you go public, don't you have to wait six months for your shares to be released? And then you can only sell them at one point in three months?"

Yu Xing was stunned: "Hahaha, Mr. Chu, you know all this?"

"I don't know." Chu Jinxiang shook his head. "But someone is helping you. I didn't know, but I remembered it as I listened."

Yu Xing couldn't help laughing and put his arm around his uncle's shoulders: "Okay, okay, it's a good thing that someone is helping me. I feel the love from my family."

Chu Jinxiang listened to his nephew's joking tone, and suddenly said seriously: "Xingxing, don't worry, you have money, everyone will definitely love you."

Yu Xing laughed.

That night, Chu Zhiguang drove the car, and the uncle and nephew sat in the Mercedes-Benz and took a good look at the night view of Shencheng together. This was a relatively relaxing time for Yu Xing in recent times.

On the morning of the next day, Monday, Yu Xing took half a day off and still went to the Red Falcon office in the financial center to meet with Du Yaojie, vice president of the Li Jin Group, a Hong Kong listed company.

LK Group is the world's largest die-casting machine manufacturer, occupying more than half of the domestic market. In 08, it acquired Italy's IDRA, a world-class die-casting machine manufacturer, and last year it acquired Japan's famous die-casting machine peripheral equipment manufacturer PREX, with very strong technology.

Yu Xing hopes to discuss with LK the development of die-casting machines required for integrated die-casting.

When Du Yaojie heard the idea of ​​one-piece die-casting, he did not scoff at it. Instead, he carefully considered the feasibility and called the company to ask the engineering team to make a preliminary judgment.

There is no doubt that if the innovation of traditional stamping and welding can be completed in this way, the number of parts will be greatly reduced, the production process will be simplified, the production cycle will be shortened, and...

It is not easy to judge the improvement in the structural strength of the vehicle body at present.

It cannot be easily judged because the matter is of great importance, but from a logical point of view, the integrated type can obviously be improved.

After receiving the call back, Du Yaojie immediately expressed the company's opinion to Yu Xing, suggesting that the direction might be fine.

However, he then expressed an important consideration that made cooperation difficult.

"Mr. Yu, your idea is very exciting and worth trying." Du Yaojie looked embarrassed. "The problem is that our products are to be sold. We do research and development in the hope that there is indeed market demand. You are interested in making electric vehicles, but... your interest cannot make us start the project."

Yu Xing thought about this and asked, "What if we set up a special joint venture subsidiary to carry out research and development? I can invest in it."

Du Yaojie shook his head. "It's not that simple, Mr. Yu. We have technical reserves, and this research and development is not a special project. But if we want to do it well, we must work with customers to study their needs, and then carry out customized upgrades."

He looked at the young man in front of him, thought for a moment and said, "Mr. Yu, it's not enough to just be interested. At least, you have to start this company. Otherwise, should we sign a contract with Bai Xiaosheng?"

Yu Xing frowned but soon relaxed, nodding and saying, "Boss Du, you are right. We need to have a banner before we can cooperate with suppliers, right?"

Seeing that the young man was not stubborn, Du Yaojie smiled and said, "That's right. Even if it's not us, you don't have a banner. Unless you are in urgent need of money, why would others be willing to come to you?"

Yu Xing had seen people who were short of money before, and now he met people who were not short of money. Thinking about the advice given by Wang Chuanfu based on his own experience, and considering the situation he was facing at the moment, which seemed to be representative, the hesitation in his heart turned into a decision.

You have to have a legitimate reason to be a teacher.

(End of this chapter)