The mobile Internet outlet began in 2010, and rice, magnesium group, and Qiyi were all born in this year, also known as the "10 Entrepreneurship Gang".

In the following years, the wind became more and more intense, and various Internet wars and subsidies burned money.

But this year, everything hit the pause button.

On the one hand, the national financial strategy strictly controls risks, leverages from the top down, and promulgates the "strictest new regulations on asset management in history", which reduces market liquidity.

It is difficult to raise funds, 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 the head project.

The valuation of projects in the primary market is inflated, the secondary market has plummeted, and the prices in the primary and secondary markets have been inverted.

Chinese concept stocks went to the United States to list in Hong Kong, but they suffered one after another.

Exit, again, has become a big problem.

Unable to raise funds and unable to withdraw from the invested projects, the number of major investments has undoubtedly decreased.

This kind of impact is transmitted to the market, that is, a large number of startups cannot be funded.

Small startups are dying silently, quasi-unicorns are laying off employees and cutting salaries, and unicorns are no longer throwing coins.

Everyone has the same goal, to survive first.

Startups are short of money, non-head VC/PE are short of money, but big factories like BATJ are not short of money.

So soon after Ruixiang expressed its intention to "sell unicorns", a large factory immediately began to send people to contact.

In addition, there are also several leading domestic PE and foreign PE to see if they can find some good things.

Even in today's environment, these institutions are still much richer than small and medium-sized investment institutions.

Mr. Wu of CDH Investment looked at the sales list provided by Ruixiang and asked, "Why are there no Shang Dynasty Technology, Queungshi Technology, and Yitu Technology?"

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

Representatives of several other companies also laughed, which was also expected by them, Zhang Yida naturally could not lose his mind and sell the shares of the invested companies with business synergies.

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

In addition, in addition to the three of the four AI tigers with relatively high technology content, DJI, UBTECH, Horizon, Royole Technology, and several online education companies that are engaged in hardware are not on the sales list.

Each investment institution and large factory selected and selected and formulated their own intended goals.

Ahri picked several companies with "origins" such as Full Bang Group and Huitongda Shares;

Penguins are similar, picking up every fresh and shell to find a house;

After the merger of Goudong Daojia and Dada, Ruixiang also bought all the small shares obtained.

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

After the target is chosen, the controversy returns to the price.

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

……

"Mr. Zhang, Mr. Zhu of Yitu Technology, and Mr. Yin of Queungshi Technology called me and expressed their desire to repurchase the shares in our hands. ”

Lan Lan called Zhang Yida, and his tone was a little heavy.

She's been busy contacting Digital Domain shareholders lately, and it's coming to an end.

As a result, at this juncture, a fire broke out in his backyard.

"Repurchase?hehe, I'm afraid Ahri is behind it!"

Zhang Yida shook his head, these two companies have become shareholder, and it is not the first time that they have raised eyebrows.

He thought that it was not easy to apply AI to the ground, and one more Ahri would be one more use scenario, so he kept turning a blind eye.

Ahri didn't drive away Ruixiang, after all, they didn't want to merge and acquire this kind of company that burned money fiercely.

When the two companies have made results and the future is bright, it is not too late for them to drive forward.

At the same time, Ahri himself has not stopped exploring computer vision and other technologies, which can be regarded as a long bet.

The face recognition technology that Jackma showed to German Chancellor Angela Merkel in 15 years comes from the face++ open platform under Questyle Technology, which is first-class in the world.

Today, the revenue of Questyle Technology has increased from more than 60 million in 16 years to more than 300 million in 17 years, and then to more than 600 million in the first half of this year, a growth rate of several times.

It seems that the revenue is not much, but in fact, it is enough to reach the listing threshold of the "weighted voting rights" of the Hong Kong Stock Exchange, with a market value of not less than 40 billion Hong Kong dollars, and the revenue in the most recent fiscal year is not less than 1 billion Hong Kong dollars.

As long as this year passes, Queungshi Technology should meet the listing conditions of the Hong Kong Stock Exchange and is expected to become the first share of Chinese artificial intelligence.

The situation was very good, and the fruit was ripe, so the Ahri family started to think crookedly.

"In the shareholding structure of Queungshi Technology, Ahri accounts for nearly 30% of the shares, which is the largest shareholder, not to mention it. ”

Zhang Yida was a little puzzled and asked, "But what is the situation with the medical map?"

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

Yunfeng Fund is an investment fund co-founded by Jack Ma and Yu Feng, the founder of Juzhong Media, Liu Yonghao and Brain Platinum have shares, which is similar to Zhang Yida's Huayi Capital Quality.

Zhang Yida sighed, "Forget it, sell their shares too, the twisted melon is not sweet."

Later, we will focus on investing resources in Shang Dynasty Technology and fully support them to do landing applications. ”

AI companies are big cash-burners, taking Shangchao Technology as an example, it has carried out a total of 10 rounds of financing, with a financing amount of more than 3 billion US dollars.

The reason why there is so much financing is also that AI R&D needs to invest too much in the early stage and lacks hematopoietic ability.

Ruiqian is not as rich as BAT in the past few years, so he can only invest a sum in the early stage, occupy a pit, and establish a certain cooperative relationship.

Facial recognition of investment and financing, face recognition of loan review of Yimin company, and face payment equipment of Eagle...... These technological applications all have the participation of Shang Dynasty Technology.

However, Yitu focuses on medical imaging, and Queungshi focuses on retail and logistics, and the cooperation with Ruixiang is relatively small.

If you think about it, it is not difficult to understand why the two CEOs chose to throw themselves into the arms of Ahri.

Next, Xu Li, CEO of Shangchao Technology, called Zhang Yida.

Zhang Yida was a little stunned, won't this company also turn back?

"Mr. Zhang, Ahri's people contacted me...... But I refused, and I think every partner should be respected.

So I'm going to ask you, are you going to sell your stake in Shang Dynasty Technology?"

Xu Li was very direct, and told Zhang Yida that Ahri's people contacted him, persuaded him to expel Rui Xiang, and promised all kinds of benefits.

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

Zhang Yida was very confident when he said this, he didn't have money before, otherwise there would be no chance for Ahri to get involved.

If it weren't for the fact that he couldn't judge the future direction of Shang Dynasty's technology, he would have wanted to expel Ahri.

If you think about it, it's not really necessary, Ahri is still too greedy.

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

Hearing Zhang Yida's words, Xu Li felt very happy, just don't sell the shares.

Ahri and SoftBank have invested in their companies, and with Ruixiang, the shareholding ratio between the giants is quite balanced.

He didn't want Ahri to quit, nor did he want Ruixiang to stop the cooperation.

The best thing is to maintain this balance and not be broken, and each giant provides their companies with the resources and channels to implement AI applications.

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