After having a previous conversation with Zhou Xin, Wu Shiqiang had a feeling of pride in his heart when he boarded the flight back.
Apart from emerging investments, which other investment institution would do this kind of foreign capital to help China with technological poverty alleviation?
The most critical point here is that even if the investment managers of foreign capital are Chinese, they are limited by performance appraisal and personal interests. They cannot invest in companies that have no or little returns.
But Zhou Xin is different. Behind Xinxing Capital is Zhou Xin. As a result of Zhou Xin’s strategic design, Xinxing Investment is the only company willing to do this.
Is there another company that is afraid that its return rate is too high and wants to lower its return rate by investing in integrated circuits and computer basic technologies?
Even the state-owned investment institutions of later generations, unless they are policy funds, are absolutely income-oriented.
Therefore, after Wu Shiqiang returned to China, he used various connections, including at home, his classmates and friends, etc., to chat with some angel investors, trying to find out if they knew which integrated circuit companies were doing better, and Short of money.
Although they will not invest now, it is currently in the project reserve stage.
"Shiqiang, the domestic integrated circuit companies are too far behind foreign companies. We have never considered investing in companies in this field.
And you have to know that the field of integrated circuits is mainly played by the state, and we can’t even make a splash with the little money we invest.
Like Hua Hong Semiconductor and China Resources Microelectronics. Changdian Technology is a state-owned enterprise. They are not short of money. If you want to invest, the other party will not accept your investment. "
In 1995, China launched a 909 project. This project was called: "Building a Large-Scale Integrated Circuit Chip Production Line", mainly to accelerate the development of China's integrated circuit industry.
One more thing to mention here is that China Resources Semiconductor achieved profitability in 2000 by relying on Neon's NEC company to provide 0.35 micron technology transfer for eight-inch whole plants.
In the early days of China, state-owned capital was always involved in the production of integrated circuits, including the introduction of foreign technology, wafer fabs, etc.
The 909 project was preceded by the 908 project. This project invested 1.5 billion RMB at that time, and the 1.5 billion RMB in 1990 was used to build Huajing Electronics' 6-inch wafer fab.
As a result, it took two years to approve funding, and three years to demonstrate whether to introduce AT&T's 0.9-micron integrated circuit manufacturing technology.
After the wafer plant is completed, the gap between the final products of Project 908 and international equivalent products has widened, and the products are completely uncompetitive.
It was not until 2000 that China realized that relying on state-owned enterprises was not enough. Twenty years of unified construction based on state-owned capital failed to produce good results. Then it introduced relevant industrial policies to encourage and guide private capital and foreign investment into the integrated circuit field.
It is now 1999, and without policies, industrial capital will not be able to play in this field at all.
"Database? Operating system?
Are you an investment institution or a scientific research fund?
The operating system is better. Because of Bill Gates, there are still domestic operating system companies, and there is still a market for operating systems based on the Linux kernel.
Not long ago, the surfing software launched XteamLinux. I took a look at it at that time. It was not much different from Linux, it just changed the skin.
A large number of domestic companies want to rely on the Linux kernel to develop their own operating systems and become the next Microsoft.
Including not long ago, Huaguo Computer Company and the Institute of Computer Science of the Chinese Academy of Sciences jointly established a company called Winning Kirin, and they also planned to build a Kirin operating system.
But when it comes to databases, no companies are planning to do it. Basically, universities and research institutes are doing it.
We put it bluntly that operating systems for personal use do not have such high requirements for security and data stability. It is good to experience domestic products and support domestic products.
But databases are different. They are used by large enterprises. They have high requirements for data stability, and there is no room for domestic databases to survive.
Oracle and IBM's first-mover advantage is too great. "
"Let me tell you, your emerging investment is backed by Zhou Xin. As a genius in the Internet industry, wouldn't Zhou Xin be finished investing in the Internet?
It's you who makes your own decisions and always thinks of unrealistic things. "
Wu Shiqiang found one of his classmates, a graduate student in science, who worked at the Chinese Academy of Sciences for a period of time, and then became an investment manager in a foreign-funded institution.
...
As a genius in the Internet industry, Zhou Xin is planning the launch of new products.
When he participated in ISSCC two months ago, Zhou Xin added the mailboxes of many big names in the integrated circuit field.
During this time, apart from work, he spent most of his energy reading papers in the field of integrated circuits. When he saw a name he recognized, he sent an email to express his views.
This is also a sense of familiarity.
After the new product was launched, he immediately sent sincere emails to these experts one by one.
The first letter was to Hu Zhengming.
"Professor, this is a new product I developed. It focuses on helping everyone solve problems in academics, life and even more fields. This is a knowledge question and answer community. I sincerely invite you to join."
Of course, Zhou Xin not only found big names in the field of integrated circuits, he also found Bill Gates.
What a rare opportunity to ask Bill Gates a question directly.
Bill Gates is the biggest gimmick in this trivia community.
It’s just that Bill Gates has to wait until the users have accumulated to a certain level, then Bill Gates will detonate the product and achieve the purpose of fission in the number of users.
Robin also received an email, and Zhou Xin invited him to use the Q&A community email.
"Trivia community? This is another new concept created by Newman.
I'll have to take a closer look at what's new with this product. "
Robin's Baidu is under development, and Baidu received an investment of US$2.6 million from Zhou Xin at a valuation of US$8 million.
After receiving this investment, Robin quickly left his job and began to recruit people, including his classmates and friends.
They almost have to work more than ten hours a day in order to develop Baidu.
Only during the day does Robin check his email as a routine.
"Quora?
And do I still need to register with my real name? "
Robin entered the verification code sent to him by Zhou Xin's email on Quora before he could register his account.
And account registration requires providing his true information.
After completing the registration, Robin uploaded a photo of himself and then started browsing the entire community.
Quora is no longer divided into sections, it is divided into topics, including technology, business, culture, politics, history, etc.
There is a follow button behind each topic. Robin selected topics such as technology, business, politics, and history.
The first question is:
“What is Quora?”
After Robin clicked in, he saw Zhou Xin’s avatar and the user’s ID was Newman Zhou.
