Chapter 585 Wholly Owned Acquisition

"Android in the IoT world!"

Zhang Yida chewed on this sentence repeatedly and felt that this expression was very vivid.

"In 2019, the group will invest 10 billion yuan in IoT to help the industry take off. ”

Zhang Yida glanced at everyone lightly and took in all the reactions.

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

A few scientists at the IoT Lab may be slightly more excited, as a large portion of this funding goes into the labs they manage.

For scientists, there is nothing more pleasing to them than abundant research funding.

Taking out 10 billion cash is not too difficult for Rui, and it can even be easy.

In the past few years, Ruixiang Group has invested several times more in science and technology.

Wang Jie really felt the courage of the technology giants, and taking out 10 billion yuan is the same as ordinary people taking out 100 yuan.

If only so much money had been invested in developing VR equipment.

However, she only dared to think about it in her heart, after all, the VR market has not yet fully exploded, and there is a certain risk in investment.

What's more, they are only an inconspicuous holding subsidiary of Ruixiang, and she is not qualified to influence Zhang Yida's decision.

Zhang Yida continued, "Part of the 1000000000000000 will be taken out to upgrade around the sharp 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 be expanded if there is not enough manpower.

Another part should be used to cultivate the industrial ecology and organize the Internet of Things developer conference.

The group's strategic investment department will also cooperate with a number of investment institutions such as Huayi Capital, Black Shirt Capital, and Zhenke Fund to incubate and invest in potential entrepreneurial teams.

In addition, the group will also connect with the Ministry of Education for the integration of industry and education, and fund the Internet of Things related projects in colleges and universities. ”

A young scientist in his forties commented with a smile, "I very much support Mr. Zhang's decision, and it is indeed necessary to do so in order to become a top IoT company."

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

Zhang Yida smiled, "It's not that great, after all, the cake is bigger, and each player can get more points, and what we are doing, Ahri is also doing." ”

Each of the other scientists also expressed their own opinions, and Zhang Yida listened to them one by one.

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

"Mr. Wang, I've admired my name for a long time. ”

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

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

Wang Jie waved her hand again and again, she didn't dare to accept Zhang Yida's title.

People call it this because they can afford to look up to themselves, but they are so stupid that they don't know how to measure.

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 this title.

"Listen to 3GlassesX1 is almost completed?" Zhang Yida asked lightly.

"Yes, this is the first consumer-grade ultra-thin VR glasses that we are going to launch. ”

As soon as she talked about the product, Wang Jie immediately gushed about it.

After hearing this, Zhang Yida nodded and asked: "What do you think in the field of VR hardware?"

Wang Jie didn't know if Zhang Yida's words were to test her or if he meant something else.

She smiled slightly and said very conservatively: "The current idea is to polish the product and rely on product quality and reputation to increase market share." ”

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

Then he changed his voice, "However, VR is not like mobile phones, and the development is already very mature.

When users buy a VR device, in addition to quality and experience, they also value services and content.

Now the major VR manufacturers are fighting their own battles, and although they have licensed each other's app stores, there are still too few compatible applications. ”

Wang Jie is a practitioner in this industry, and he knows the door and door very well, and said with a smile: "This will depend on Mr. Zhang, Tingrui has been working on VR games, videos and other content, and is also building VR application development tools and stores." ”

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

Wang Jie smiled: "I have always felt that Mr. Zhang is very forward-looking, and when I came into contact today, he really lived up to his reputation."

The VR industry is still not a large market, but with the maturity of 5G and other technologies, it will usher in a golden stage of development. ”

Zhang Yida gave a "false praise" and smiled: "Ruixiang wants to wholly acquire 3Glasses, I don't know what you think?"

Wang Jie didn't expect that there would be such a stubble, so she asked: "Mr. Zhang, haven't we been indirectly controlled by Ruixiang? Is there a need for a wholly-owned acquisition?"

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

If Ruixiang continues to inject capital, the proportion of your shares will definitely decrease, so 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 thought about it, and just now Zhang Yida unconsciously talked about the dependence of hardware on content.

Without the support of sharp content, even if 3Glasses develops, the upside is limited.

The wholly-owned merger and acquisition of 3Glasses has not wasted the resources of Ruixiang, and the meat is all rotten in the pot.

And 3Glasses is indeed too big compared to Ruixiang's behemoth, the volume is incomparable, and it is also very incongruous.

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

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

After thinking about it, it seemed that I really had no reason to object.

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

Zhang Yida saw her Jiujiu at a glance, and everyone tacitly knew it, and he didn't break it.

"3Glasses was acquired, and the employees were naturally Ruixiang's employees, and you continued to serve as CEO.

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

In addition, the original 3Glasses management team, including you, will enjoy the equity incentive of Ruixiang. ”

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

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

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

Zhang Yida talked about this, and the target is not big, hundreds of millions of things.

So I didn't talk about the price, and directly called Lan Lan over, and she was responsible for the pricing and various details of the cattle

3Glasses has a good foundation, according to IDC statistics, sales in the third quarter of last year accounted for 1.8% of the global market, second only to Pico, another domestic VR all-in-one machine manufacturer, Sony and Facebook are 20% of the market share.

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

Compared with the valuation of 600 million yuan when Digital Domain became a shareholder last year, Lanlan increased by 200 million yuan and opened a valuation of 800 million yuan.

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