"First of all, on behalf of SAL, please allow me to extend a warm welcome to Mr. Liu Chengyuan, Mr. Sun Sai, Mr. Zhou Chen and Mr. Lu Yunpeng!" A few days later, in the bright and spacious conference room of Shangri-La Hotel, Cai Siqiang welcomed the heavyweight representatives from VC Solutions with a smile on his face.

Liu Chengyuan, Senior Partner, IDG; Sun Sai, President of SoftBank China Ventures; Chen Zhou, Senior Vice President, Carlyle Group; Yunpeng Lu is a partner and director of Sequoia Capital. These four people are all well-known figures in the current domestic venture capital industry, and they all came together at the invitation of Cai Siqiang today.

It seems that Cai Siqiang's face is not small. Several venture capital giants active in China have come.

In addition to Cai Siqiang, Zhao Jianwu and Dong Feng can appear at the meeting today, all of whom are heavyweights. Due to the importance of the matter, the service personnel were replaced by two employees of SAL, one in charge of meeting minutes and the other in charge of conference services.

"Mr. Cai, let's not talk too much about polite words, I am a rectum, Mr. Cai called us over today, and it is definitely not a small talk. If there's anything, let's just go straight to the point, and when it comes to everyone sitting here, every minute can be millions of people coming in and out. Lu Yunpeng asked knowingly jokingly, it sounded like he was in a hurry, in fact, everyone actually knew the scene today, but Lu Yunpeng wanted to open this layer of window paper as soon as possible.

It's not the first time that the four of them have come to Chengdu to talk to Cai Siqiang about venture capital, but every time they are politely declined by Cai Siqiang, watching SAL grow stronger day by day, and such a high-quality resource can't find a chance to speak, who is not in a hurry? But in the past, it was useless to be in a hurry, people SAL never seemed to be short of money, and they couldn't invest it with money, and this kind of thing was rarely encountered by everyone.

So Cai Siqiang showed his mouth, these heavyweights were all invited, but everyone didn't know why, SAL suddenly wanted funds, is SAL going to make a big move?

"Okay, Lu Dong is really fast-talking. Next, I would like to introduce to you the current situation and future plans of SAL. Cai Siqiang didn't mind being interrupted by Lu Yunpeng at all, it is serious that there are few industry bigwigs like to grind and chirp, everyone has a lot of things, and there is really no need to say more superfluous words.

"SAL's business this year is mainly concentrated in the following areas: cooperation with Gemdale Mobile, this year's contract revenue is about 50 million US dollars; signed a 2-year Sala domestic advertising contract of 450 million yuan with Flying Dog Search; Cooperated with Shengda Company to operate the game "Kerry's War", and the revenue was divided between the two sides on a 50:50 basis, and now it is divided into more than 100 million per month; Cooperate with the English version of Sala advertising of Brother G Search, and earn about 50 million US dollars per month. In total, SAL's operating income this year is about $350 million, of which the profit is more than $300 million. ”

Cai Siqiang pointed to the numbers on the projection and talked eloquently, these contracts are relatively public, and all venture capitalists can get relevant information if they want to find it, so Cai Siqiang will no longer hide it.

Although the heavyweights in the venture capital industry here have some psychological preparations, but when they see the latest income information of SAL company, they still can't help but feel a sharp beat in their hearts, the development is too fast, no wonder they have been unwilling to let us invest, this kind of corporate profit margin is so high, business development is so fast, it is like grabbing money, and the cash flow is also abundant.

Although these venture capital bosses slandered in their hearts, their unintentional interlaced eyes revealed a trace of joy. I know that since everyone is sitting here, it must be talking about financing, which means that everyone finally has the opportunity to invest money in this golden rooster. This is a good thing, but I don't know how much this golden rooster is priced for.

With Cai Siqiang's constantly flipping PPT, the venture capital bigwigs present also continue to refresh the bottom line of valuation in their minds.

"SAL has a joint venture with MI?" Lu Yunpeng interrupted Cai Siqiang's explanation with some surprise. Because this contract is an internal related party transaction, it has not been publicized to the outside world, and in a short period of time, venture capitalists are not immortals who can know everything. So this contract immediately attracted the attention of those who were interested.

Because Sequoia Capital USA has only conducted the latest round of research on MI, according to the materials they have, it is estimated that MI can sell about 900,000 to 1 million sets of brainwave products this year and 1.5 million to 2 million sets next year. In other words, according to the current selling price of MI, MI's revenue will be about $300 million this year, and it will be between $450 million and $600 million next year.

If the profit margin is calculated at 50 percent, the profit will be about $150 million this year, $225 million to $300 million next year, and then dynamically valued according to the price-earnings ratio of similar companies in the United States, MI is now worth about $4 billion to $5 billion.

Obviously, MI is a very promising company, and the combination of these two new star companies is a bit special.

"Yes, in fact, everyone may know that the major shareholders of SAL and MI are both genius scientists, that is, Dr. Duke, who is still studying for a doctorate at MIT, this time SAL and MI jointly established MI China Electronics Co., Ltd., in order to integrate the production of hardware products, and now the main products that the joint venture company is ready to put into production are brainwave telekinetic helmets and navigators."

Duke is the technical soul of SAL, and everyone knew about this before, but the information that SAL is ready to get involved in the production of hardware products is obviously new information for everyone, so several venture capital bosses stopped and exchanged words for a while. Then waited for Cai Siqiang's further explanation.

"The full voice GPS navigator we developed is preliminarily determined to be based on two specifications of 5-inch and 7-inch screens, integrating navigation, parking and entertainment functions, with the industry's unique real-time response full-function intelligent voice control and GPS security control functions, which can be seamlessly connected to the mobile network to achieve Internet access functions, positioning in the high-end product market of the navigator."

Cai Siqiang then introduced the navigation product developed by SAL, and then played a video of the engineering prototype trial.

In the video, after a driver turns on the navigation switch, he doesn't need to do anything at all, and directly casually reports an address he is going to go, and the navigator immediately receives this address information, and begins to feedback the recommended route selected by the system, and then asks the driver if he has other requirements with a natural voice and tone like a real person.

The driver replied that he needed to pass through a certain station, and the navigator immediately gave a new route according to the new requirements, and the whole process was like a chat between the two of them to complete such a navigation route selection. The navigator acts as if it were an assistant to the driver, and can accurately understand the driver's needs through speech.

And the whole process response speed is very fast, basically there is not much delay, and the selection of the path is also very intelligent, which is the application of the Duke intelligent path selection algorithm to develop the navigation function, the underlying support of the operating system has also been optimized by Duke, the high efficiency of the entire software system is not at all comparable to the products on the market now.

The optimized products in this way, of course, are much stronger than the navigators on the current market, and are not only beyond the reach of copycat products on the market, but also far better than the current high-end products.

What's more, during the use of the navigator, the driver does not need to look at the screen at all, which is more than an order of magnitude higher than the current navigator for the safety of the navigator on the way.

These venture capital bigwigs are obviously used to navigators, and at first glance, when such a navigator appears in front of their eyes, they almost can't believe their eyes. Intuitively, this is not a simple navigator, but a driving route assistant.

Don't talk about the quick response,It's just that the artificial intelligence of this navigator is too good,You can complete all the navigation needs without a manual operation at all,The voice that comes out of the GPS is not at all the blunt of the general navigator synthesized voice or pre-recorded voice,It is a natural and friendly human-machine interface,Compared with the current navigator it is not at all like a product of the same era。

"Mr. Cai, what is the current status of your navigation device research and development?" Liu Chengyuan, chief partner of IDG, couldn't help but ask. This product is too eye-catching, if the real scene of the product in the actual application, there is indeed such a performance, everyone has reason to believe that this product will be popular. After seeing such a navigator, the four venture capital bosses all felt that their navigator could be thrown away.

"Our R&D work is basically completed, and all tests of the engineering prototype are progressing smoothly. The video you see now is a record of the field test scene from a month ago. Cai Siqiang replied. This product is at an advanced stage of development, so the progress of the development does not have to be kept strictly secret now.

"If Mr. Liu is interested, he can have a spot experience with our Vice President Zhao Jianwu after the meeting." Cai Siqiang suggested with a smile.

"Well, well, I'd love to see it later." Liu Chengyuan said with a smile.

"Our navigation products have reached a standard agreement with the same automobile, and will be supplied from January next year." Cai Siqiang continued to throw out heavy revelations, and sure enough, this information was something that everyone had never mastered.

"Mr. Cai, take the liberty of asking, what is the contract supply quantity of the same automobile?" Sun Sai, president of SoftBank, couldn't help but ask a question.

"I'm sorry, this order quantity involves trade secrets between FAW and SAL, and it is difficult to provide specific figures." Cai Siqiang said embarrassedly. Since this amount is not very large, it is better to hide it clumsy and leave more room for everyone's imagination.

"In terms of the production, sales and after-sales service of navigators, we plan to acquire TOMTOM in Europe as our navigation production base." Cai Siqiang finally released today's biggest hole card.