Chapter 229: Investors
In Chu Qing's view, there is nothing special about the richest man and the god of stocks, they are just catching up with the east wind of the country becoming the world's first power.
The long-term stability and the collapse of Da Mao have ushered in high growth that has lasted for decades. Microsoft has caught up with the third technological revolution as the biggest winner of the PC operating system.
With the blessing of the world, it is not unusual to become the richest man. As for Warren Buffett, his investment strategy has always been steady, and in this continuous wave of development, it is indeed worth saying that continuous bets are right.
But he is not omniscient, after all, he missed the Internet. I didn't expect Disney to rise so crazy later, you must know that in 1967, he invested 4 million in Disney and owned 5% of the shares, but the next year, he sold the 5% at a price of 6.2 million.
By 1995, Disney had risen 135 times. Therefore, in the final analysis, their success is not only due to their own capabilities, but also inseparable from the background of global development.
It's just that not everyone is Chu Qing. Hearing that the richest man and the stock god were going to inspect BBK together, several leaders of SZ temporarily formed an accompanying group led by the mayor after notifying BBK.
Huawei, ZTE, Xianke and many other local technology companies have also sent key leaders or executives to accompany them.
At three o'clock in the afternoon, the gate of the backgammon industrial park. Chu Qing and a group of executives were already waiting there in advance.
He can not care about the richest man, but he can't help but give face to the leader. Backgammon has not yet reached the point of transcendence.
As a row of black Audis drove in from afar, many people in backgammon looked particularly excited. Yu Jun, a reporter from Computer Weekly, picked up his camera early and prepared to capture the wonderful moments waiting for him.
More than a dozen cars stopped at the gate in turn, and everyone got out of the car in turn.
"Welcome to all leaders and Mr. Gates and Mr. Buffett." Chu Qing took the lead and shook hands with them one by one.
"This is the founder and chairman of BBK, Mr. Chu Qing, he is only 24 years old this year, and he is a young talent of our SZ." Hu Leader, who gave up the main position, took the initiative to introduce Chu Qing to the two foreign guests.
When I learned that Chu Qing was the founder and chairman of BBK. Both Gates and Buffett were taken aback.
They didn't expect that backgammon, which gave them so many surprises, would make the founder so young. Thinking of the information I saw on the road, backgammon was created five years ago, so I was only 19 years old at the time.
"Another genius boy." Buffett's hand is very powerful, and when he shook it with Chu Qing, he couldn't tell that he was an old man in his 60s.
"Thank you, in front of Mr. Gates, I don't dare to call myself a genius." It's not that Chu Qing is modest, professionally, Gates is a real genius.
At most, he only took up the light that passed through.
"I was a year older than you when I started my business." When Gates founded Microsoft, he was just 20, which is why Buffett just used genius to describe Chu Qing.
Gates and Buffett had a good first impression of Chu Qing. I can see that he is a very personable young man.
Yu Jun, who was on the side, kept adjusting the camera to capture this historic scene.
"The two foreign guests came privately this time, and they don't want to expose it too much." The city leader who led the team, when shaking hands with Chu Qing, subconsciously glanced at Yu Jun, who was taking pictures, and reminded Chu Qing.
"Rest assured, this is a reporter for our internal publication." When Leader Hu who led the team heard this, he only smiled and pointed at Chu Qing, without saying much.
If you talk about the internal publications of ordinary enterprises, it is estimated that no one will care. But backgammon's internal publications, is that an ordinary internal magazine?
That's the bright light of the tech industry, okay. That is, their offices are all fixed, and their reports on international scientific and technological development are more far-sighted than some official newspapers and magazines.
If it weren't for the foreign businessman who informed him in advance, he would have wanted to bring a shooting team by himself. But it's okay to do it now, leave some video materials, don't send them now, and wait for them to leave the country to send them.
The world's richest man inspects backgammon, whether it is for backgammon or SZ's investment situation, it is a very good thing.
Anyway, the final result is all SZ gains, so the leader didn't bother too much, after all, this was arranged by BBK himself, and it had nothing to do with him.
"This is our software center, which is now divided into the game software department and the Internet software department." Based on the software attributes of Gates and Microsoft, the first thing to visit is the software R&D center of BBK.
For this kind of celebrity visit, there are not many things that can really be seen. A software center that doesn't involve secrets is the highest level they can go to.
Under the leadership of Li Yitao, director of the software center, everyone entered the software center with an all-glass façade.
The eight-storey office building, from the inside to the outside, is made of advanced foreign equipment. Fully modern facilities, taken out in front of foreign guests, can also give local leaders a boost of face.
In this era, the domestic software industry is not developed, and there are not many talents in the industry.
BBK can build such a professional software center today, in addition to the continuous poaching of people from various colleges and universities in recent years, there is also the continuous training of the company.
Chu Qing chose to make games, in addition to finding a way out for the elimination of learning machines, but also for the purpose of using games to raise software talents.
Whether it's making a game or other software, you have to take a project to raise so many people.
Talent is trained from the project.
"Is this where 'The King' was developed?" When I came to the game software department on the second floor, as soon as I entered the door, Gates saw the wall of honor, and the various professional awards won by "The King" overseas.
Gates is a typical science and engineering man, and he likes to play games in his spare time. The reason why the IP of "Age of Empires" has been able to continue to be developed is because of the rich and capricious president.
"Yes, King of Kings is the first product developed by our game software department. Nowadays, it has achieved very good results in the international arena. Saying that, Li Yitao beckoned to Jiang Wenlan at the workstation.
This is Jiang Wenlan, the main person in charge of the project of "The King". The king was developed by their project team over the course of a year. Seeing so many people coming, even the chairman was there, Jiang Wenlan was a little overwhelmed for a while, stood up and bowed, and stood there in a daze.
I don't know where the elder came from to inspect, and he has to be accompanied by the chairman himself.
"Your "King" is very good, especially the story line in it, the playability is very high, there are a few in our company's entertainment room, and the rest time is always not enough." Gates shook hands with Jiang Wenlan with a smile and praised him sincerely.
"Is your game popular abroad?" While Gates was communicating with the program ape in the software center, Leader Hu, who led the team, found a gap and whispered to Chu Qing.
"Well, 2.7 million copies have been sold worldwide so far."
"Well, that's not bad, keep it up." Chu Qing's clouds were light, giving Leader Hu a hint of illusion, thinking that this number was really good.
So he nodded slightly and casually encouraged Chu Qing.
"How much do you sell for that one?" But the old man next to him listened to this data and asked a little more.
"$68." Chu Qing didn't hide it, and directly returned a price.
"......" Leader Hu, who was still a little disappreciative just now, instantly froze the smile on his face after hearing this price.
"Ten people can sell 200 million dollars in revenue for a year!" This time, it was the executives who stood behind Hu and the executives accompanying Xianke.
His voice was a little louder, so that many CEOs of enterprises present heard this data.
For the first time, they knew that investing in games could make so much money. When those executives looked at the programming apes at those workstations again, many people's eyes lit up.
Leader Hu glanced at the senior executive of Xianke with some displeasure, then turned his head and patted Chu Qing's shoulder with a smile and said.
"Keep up the good work, if you need help from the city, feel free to ask." The group was in the game department and looked at a few more games that were still in development.
I also talked about the promotion of games to the future of technology.
"The development of games will accelerate the upgrade of graphics equipment and promote the progress of hardware." Speaking of this, Gates looked at Chu Qing and asked.
"I've heard that you've invested in Nvidia, and your Xbox has a good use of their graphics acceleration cards, right?"
"Yes, I'm old friends with Nvidia's Jensen Huang, our Xbox, and they've helped a lot." Chu Qing's investment in Nvidia is not a secret in the United States technology circle, and you will know it if you inquire a little.
It's just that he doesn't know why Gates suddenly asked about this.
"I love the Xbox, from the name to the design. In particular, the function of graphics rendering is ported from the CPU to the GPU, which makes the overall effect of Xbox much better than Sony's PS1. Hearing this, Chu Qing also probably came back to his senses.
With the development of PC, everyone knows that PC has not only social attributes, but also gaming attributes. After the release of Windows 95 in the last life, it was not long before Microsoft released DirectX 1.0 for gaming.
The first generation of DirectX was very unsuccessful, and many hardware were not supported when it was launched, and the lack of hardware support became the biggest obstacle to its popularity.
And at this time, it should be when Microsoft is having a headache for DirectX 1.0. It's just that Intel, as a partner, has no intention of separating the graphics work from the CPU.
In the eyes of CPU manufacturers, the more work the CPU undertakes, the better. Microsoft's idea is to port a lot of graphics features from the CPU to the GPU.
In this way, the performance of the GPU is enhanced, and then more work is taken on, and in this way, he hopes to promote the development of the industry, and in turn consolidate his own position on the PC side.
After thinking about this clearly, Chu Qing probably understood what Gates meant when he asked about NVIDIA.
"Yes, separating the graphics processing from the CPU has helped us a lot. In the case that the CPU itself is not as good as Sony, with the blessing of the GPU, we can do better than Sony in picture rendering. Chu Qing said this, and glanced at Gates meaningfully.
The flash of light in his eyes did not escape Chu Qing's observation. If Microsoft wants to weaken the dependence of PCs on CPUs, it must re-prop up an ally, and GPUs are undoubtedly the one that is very suitable.
Just because he didn't have any hardware capabilities of his own, he needed to look for a graphics acceleration company that could work with him.
The reason why Nvidia was able to win from the GPU market in the last generation was in addition to cooperating with a large number of game companies to promote the development of graphics acceleration cards.
Another point is that Microsoft's push for GPU power from the CPU is also a very key factor.
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It is with this that Nvidia later bound Microsoft DirectX to the operation.
"Maybe PC should try it too, so I don't have to go home and buy a new Xbox to play games." Gates said and laughed first.
"Hahaha!" When he laughed, the other people who accompanied him also laughed. Although they didn't know what Chu Qing and Gates were talking about just now, it was right to smile on such an occasion.
On the other hand, Buffett on the side has been paying attention to Chu Qing with interest. He doesn't have much interest in software and games.
The main reason is because he himself does not understand. Even Microsoft, which has the best relationship with Gates, has never been invested in.
The main reason why his investment has been successful is that he strictly adheres to his investment logic. Never touching anything beyond his own cognition, even if it is making money, it has nothing to do with him.
He only invests in good companies that he really understands, and nothing else. And backgammon is undoubtedly the standard of a good company in his cognition.
It has a large number of offline retail stores, which can design, develop and produce independently, as well as its own standards. It has basically sat on the one-stop production and marketing.
In the traditional industry, this is a good company with positive development, and it is the kind that can be used stably for decades.
This is also the reason why Buffett was interested in backgammon from the beginning. As for him coming to BBK to inspect, in fact, what he really wants to see is not the factory, but the people!
As a mature investor, you can't just look at the business model, but also look at the people. For example, in the last life, Warren Buffett invested in BYD and held it for 14 years.
At that time, he didn't understand electric vehicles and new energy, but after he met Wang Chuanfu, he firmly held BYD's long-term holding.
The business model of an enterprise determines its upper limit, and its managers determine its lower limit.
Through this brief observation, Buffett came to the conclusion that this young man with a light wind will be a higher ceiling than the backgammon business model.
He has seen a lot of such young entrepreneurs, even more geniuses than him. There may not be many people who are as calm as him, and he faces problems properly, and he talks and laughs with grace.
Especially since he is only in his twenties, if the future backgammon is always under his control, there will be infinite possibilities.
It is often said in the investment community that investment is investment in people. That's right, a good person at the helm will determine how far a business can go.
And Chu Qing, who was talking and laughing in front of him at the moment, was undoubtedly a very suitable investment object. Even if he founded not BBK, but other traditional industries, Buffett will not hesitate to invest in him.