This is Dr. Tang Xiaoou, the founder and chairman of Shang Dynasty Technology.

This is Dr. Xu Li, co-founder and CEO of Shang Dynasty Technology. ”

After the group arrived at the Shang Dynasty Technology Company located in the Hong Kong Island Science and Technology Park, Lei Dongming had been in charge of the contact between the two sides before, so Lei Dongming took the lead in introducing the two parties.

"Dr. Tang, Dr. Xu, hello! I'm Zhang Yida. Zhang Yida stepped forward and shook hands with Tang Xiaoou and Xu Li.

Tang Xiaoou is in his forties, wears glasses, has a very professorial temperament, looks like an old pedant, he sighed:

I have lived on Hong Kong Island for so long, and I feel that young people here may be okay to be scientific research and professional managers, but very few have succeeded in starting a business!"

Zhang Yida laughed, Hong Kong Island entrepreneurship, just kidding, speculation or finance? There are many chaebols, housing prices are high, and there is no soil for entrepreneurship!

If you go to the mainland to start a business and refuse to go, then stay on Hong Kong Island and be a wage earner for the rest of your life! Earn more rent and honor your real estate family.

Although he thought so in his heart, Zhang Yida still said modestly: "Dr. Tang has won the award! I am a businessman who is covered in copper smell." Doing academics is not that kind of material, so you will do some small business.

But I have always supported scientific and technological innovation. Ruixiang Group also attaches great importance to the research and development of cutting-edge technology, and has invested more than 3 billion yuan in it.

In today's globalization, science and technology are changing with each passing day, and I believe that the core competitiveness of enterprises still lies in technological innovation, rather than simple model innovation. ”

Zhang Yida said this, not only to show that he attaches great importance to science and technology, and more than 300 million yuan was smashed into research and development without blinking an eye, but also to lay the groundwork for the next negotiations.

Talented scientists are generally very proud, and Tang Xiaoou is no exception. Although he praised Zhang Yida on his lips, he didn't think so in his heart. The technical master only serves those who are more skilled than him.

Tang Xiaoou smiled faintly: "Mr. Zhang's plan is very big!"

Then Tang and Xu guided Zhang Yida and the three to the company's conference room.

Xu Li is also a technician, much younger than Tang Xiaoou, only in his early 30s, with a very direct personality, and said straight to the point:

"Mr. Lei, you said on the phone that Ruixiang Industry Win-Win Fund is interested in investing in Shangchao Technology?"

"That's right, that's what it means. Shang Dynasty Technology is a very good AI technology company, and Mr. Zhang and I admire you very much.

So, I came here today to talk to you about this investment. ”

Lei Dongming said with a smile.

"When it comes to investment, we don't exclude it. However, we have already reached an initial investment agreement with IDG. The two CEOs are a step late, but we are still welcome to participate in the next round of financing. ”

Tang Xiaoou said with a look of regret.

Ruixiang is very sincere this time, providing not only funds for Shangchao Technology, but also a landing plan for financial application scenarios!"

Zhang Yida didn't hide too much, and directly picked up the words.

Xu Li and Tang Xiaoou glanced at each other, a little shocked. Although the products developed by Shang Dynasty Technology are very powerful, they have not yet reached the stage of commercial use.

However, commercial scenarios are an indispensable part of AI products becoming bigger and stronger, and no matter how good and powerful the product is, it has no commercial value, so it can only be placed in the laboratory for self-entertainment.

It is a positive cycle to generate commercial value, bring revenue, obtain higher valuations, and then finance R&D.

Tang Xiaoou asked quietly: "Oh, what does Mr. Zhang mean to cooperate with Shangchao Technology in financial AI application scenarios?"

"Yes, Ruixiang's positioning is not a traditional financial company, but a financial technology company and a technology-based company.

At present, we have a number of financial technology products such as Mung Bean Credit, Tiance Technology, Ruixiang Financial Cloud, and Mobao Pay.

The fields involved include personal credit, risk control system modeling, financial technology output, mobile payment, etc.

AI technology can be applied in these areas. In addition, Ruixiang has also invested heavily in cutting-edge technologies such as blockchain, cloud computing, big data, and AI in technology research and development. ”

Speaking of this, Zhang Yida smiled: "Our AI does not conflict with yours, we mainly focus on the financial field." You are a platform company, there is no contradiction between the two, but you can strengthen cooperation and win-win for both sides!"

After Zhang Yida's words, Tang Xiaoou and Xu Li were a little moved. Finally, they felt that Ruixiang's $10 billion valuation was not made up by the media, and they were involved in more and deeper fields than they imagined.

"So, I'll bring someone from IDG over to talk. I am very interested in working with Ruixiang. ”

Tang Xiaoou thought deeply, Ruixiang is a rising star, and it is definitely a good thing for the Shang Dynasty to cooperate with Ruixiang.

Especially in the field of AI, everyone is still in the initial exploration and experiment of products, if Shangchao Technology can take the lead in commercial landing and generate revenue, then the situation is not too beautiful.

......

IDG's representative is based on Hong Kong Island and arrives at the Shang Dynasty Technology office in a short time.

Tang Xiaoou came forward to communicate with him, which roughly means: you let the share come out, let Ruixiang participate, and then we will jointly carry out financial AI research and development and implementation with them. After the product landed, the absolute valuation of Shangchao Technology soared, and everyone made a fortune together.

After thinking about it, the IDG investment representative felt that there was no reason to oppose it. I consulted with the company's leaders again, and finally agreed to cooperate with Ruixiang to jointly invest in Shangchao Technology.

"Series A financing of $20 million, post-investment valuation of $100 million. ”

Tang Xiaoou reported his own conditions.

A company that has only been established for a few months and does not have a penny of revenue, is the price quoted high?

Hard-core technology companies are like this, they have to spend money on R&D first, and then talk about revenue.

With a team of doctors, there are many international sensational papers in the industry, as well as products with a face recognition rate of 99.5%.

It's worth the price!

Zhang Yida directly agreed: "Okay, no problem, after completing the due diligence, we will officially sign the contract and make the payment." ”

The IDG investment representative still wanted to bargain, but seeing that Zhang Yida agreed to be so happy, and Shang Dynasty technology was a very scarce hard-core technology, he had to agree happily.

Ruixiang Industry Win-Win Fund and IDG each invested 10 million US dollars in Shangchao Technology, each accounting for 10% of the shares.

In addition, Shang Dynasty Technology is also preparing to relocate the laboratory to Beijing at the invitation of Zhang Yida and carry out financial AI cooperation with Ruixiang.

The investment in Shang Dynasty Technology fell behind for a while, and Zhang Yida told Lei Dongming to take down Queungshi Technology and Yitu Technology.

Then Ruixiang Industrial Fund participated in the B round of financing of Queungshi Technology, invested 10 million US dollars, and won 10% of the shares.

Yimin Financial Services Group has reached a strategic cooperation with Queungshi Technology to jointly develop products in the field of financial AI.

This hand is a little unauthentic, betting on both ends. However, the financial industry is large enough, and many AI companies will enter this industry in the future to grab market share, and Queungshi and Shangchao Technology will not be too fierce to compete.

As for Yitu Technology, the valuation of focusing on the medical field is much lower than the hundreds of millions of dollars in Queungshi and Shang Dynasty, and the valuation is less than 50 million US dollars.

Rui invested $5 million in the Industrial Fund and also won a 10% stake.

......

After entering December, other brands of shared bicycles gradually appeared on the market.

A small blue bicycle appeared in Pengcheng......

There is a Baimo bicycle in the magic capital......

There is a Xiaoming bicycle in Yangcheng......

......

The business intelligence department has been keeping an eye on the market for Zhang Yida, and has been reporting to Zhang Yida every day recently about which city has set up a new bike-sharing and how many cars are planned to be put in which city......

Zhang Yida quickly convened a group of senior executives of Huimin Bicycle and held an emergency meeting.

At the conference, Zhang Yida said:

"In just three months since Huimin Bicycle was launched, there are already five or six bike-sharing brands on the market that have followed suit and launched their bike-sharing.

In addition, it is said that there are at least one or two dozen companies that have established a company and are urgently developing products, and have not yet put them on the market.

Tell me, what are we going to do next?"

He Qingxuan tilted his head and whispered:

"If you don't start financing, build more bicycles, and pile them to death with the number!"

"This is also the right idea, the financing is already being discussed, and it will be completed by the end of this month. ”

Zhang Yida praised her, making He Qingxuan very happy.

Qin Zheng thought for a moment, and then said:

"Assistant He said it very well. I think it's time to start the next round of funding.

At present, several bicycle brands have been launched in several other first-tier cities except Beijing. It is to see that we do not have a high market share in the local market, and choose to attack from our defensive weak points.

At this time, we must quickly increase the number of Huimin bicycles in other cities.

Time has to be fast! Otherwise, when they get a foothold, it will be quite bad for us.

In addition, we have been vigorously recruiting offline dispatchers, and there is already a surplus of personnel.

Not saturating this group of people with their work is also a loss for the company......"

Qin Zheng has been working harder since he was elected CEO of Huimin Bicycle. Now when it comes to the work of Huimin Bicycle, the head is the way.

Zhang Yida nodded, the surplus staff was also specially arranged by him. He can afford to lose money. The purpose is to conduct a large-scale training in preparation for the second wave of market expansion that will be launched next.

To crush other competitors, the number of bicycles alone is not enough, but also to have a stronger offline dispatch team than competitors.

Huang Xiaofeng, CEO of Huimin Bicycle, also spoke, preaching:

"At present, Huimin Bicycle operates a total of 120,000 shared bicycles, with more than 3 million registered users and more than 1 million daily active users.

Compared with the data at the time of Series A financing, it has increased by nearly 3 times. ”