It is very normal for Zhao Weimin and Shen Hai to have such thoughts.
Before Xinxin Technology joined Shenhai, you may still have questions about the center of China's semiconductor industry, because the Pearl River Delta region with Pengcheng and Yangcheng as the core also has a large number of semiconductor-related industries.
Yanjing City is also eyeing the semiconductor industry, not to mention regional central cities like Jiangcheng and Shudu. Everyone is well aware of the driving role of semiconductors in the entire regional economy. Its direct revenue may only be in the tens of billions, but the driving effect can be Multiply that by ten or more.
The annual revenue of later generations of smartphones did not exceed the US$300 billion mark even at its peak. Based solely on statistics from hardware, the industrial chain driven by upstream and downstream industries has exceeded one trillion in scale.
Not to mention software after the explosion of the mobile Internet, the supply chain is not a simple single-point effect. It is like raindrops on the water causing layers of ripples, and smartphones can be called a downpour.
In terms of semiconductors, Shen Hai hopes that Zhangjiang Science and Technology Park can surpass the crooked Hsinchu Science and Technology Park and catch up with the status of Silicon Valley.
Shenhai’s industrial ambitions are not limited to semiconductors. They see Xiaomi’s hope of becoming China’s industrial center in the field of consumer electronics.
Consumer electronics can drive even more upstream and downstream industrial chains. Shenhai was very weak in this aspect before. Shenhai did not have any good consumer electronics brands, and it was far inferior to Yanjing.
Lenovo, Sugon, and Ziguang are all located in Yanjing. Yanjing’s advantages in administrative resources are fully reflected in the consumer electronics industry. Things are different now. With Xiaomi, Xiaomi has quickly swept the country and become an unavoidable consumer electronics brand.
From the initial personal computers to the subsequent Xiaomi mobile phones, Xiaomi, which focuses on cost-effectiveness, does not have much to stand out from other domestic companies in terms of profits.
However, due to its reputation as a national product, it has a large number of fans everywhere. Xiaomi's offline stores are not widespread in third- and fourth-tier cities, and consumers even go to the nearest second-tier cities around their cities to pick up their products.
This kind of support also allowed Xiaomi's half-year revenue to exceed RMB 3 billion, and Xiaomi's computer sales exceeded one million units.
China's desktop shipments in 2002 were around 9.5 million units. Lenovo's market share in this market was 29%, with sales of approximately 2.8 million units. Xiaomi's half-year sales were already very close to Lenovo's.
The vast majority of the market share taken by Xiaomi comes from Lenovo. When a brand rises like a rocket, the original leader in the industry must be the one who loses the most market share.
In order to support Xiaomi, Shenhai changed the entire administrative system, including the state-owned enterprises under Shenhai's jurisdiction, from Lenovo to Xiaomi.
After hearing this, Hu Zhengming said: “We have always felt the support from Shenhai, whether it is Xinxin or Xiaomi, we can feel the support in all aspects from the management to the employees.
The cooperation between Xinxin and local state-owned enterprises such as Huahong and Huajing in Shenhai is very pleasant. We do not exclude strengthening cooperation with Shenhai. We do have external financing plans for Xiaomi in the future.
However, the specific scale and share of financing is still a very preliminary plan at present. In the subsequent formal advancement process, Shenhai Science and Technology Investment will definitely be our priority. "
Unlike Xinxin, Xiaomi was completely built by Hu Zhengming, and Zhou Xin only gave it a name at most.
Therefore, when he founded Xiaomi, Hu Zhengming made an agreement with Zhou Xin that the only requirement for Xiaomi was that Xiaomi's upstream and downstream supply chains should choose Chinese companies as much as possible.
In addition, Zhou Xin will not interfere with Xiaomi's operations. Whether Hu Zhengming wants to raise external financing or lead the listing, it is up to him.
Because Xiaomi has limited value and is a cost-effective brand, its peak value is the moment it goes on the market. It’s good to be listed in Big A. After all, Xiaomi is still a good target compared to Big A’s stinky fish and shrimps.
Once listed on Nasdaq or Xiangjiang, Xiaomi's valuation can be reduced to a single-digit PE level.
Hu Zhengming thought clearly. He planned to introduce several external investment institutions to Xiaomi first, because if he wanted to engage in smartphone research and development, it would drain all Xiaomi's liquidity.
Loss of liquidity is a very dangerous thing for a company. Later Silicon Valley banks went bankrupt. Starting from the book funds, it was far from bankruptcy, but it was the lack of liquidity and the face of a run that led to bankruptcy.
Hu Zhengming was not surprised that Shen Hai came to visit him. He originally planned to seek cooperation with Yanjing's capital, but the rumor came out from nowhere and was found out by Shen Hai, so Zhao Weimin took action in person.
Compared with Meizu, Xiaomi is a company that is begging for investment. Xiaomi, like Lenovo, has no technology, so it has the best background with Zhou Xin as its backing.
Zhao Weimin nodded after listening: "Shenhai Science and Technology Investment Co., Ltd. is Xiaomi's best partner.
When I was at Science Investment, we were always very ambitious and enterprising in investment. Before Jiaotong University Huigu was established, we invested 20% of the shares of Jiaotong University Huigu.
Including the major electric vehicle projects in the 863 plan, Shenhai Fuel Cell Vehicle Power System Company is solely responsible for the market-oriented operation of this project.
We let scientific researchers participate in shares, and then let scientific researchers participate in distribution with technical elements. Shenhai has always had great advantages in capital operations. We have rich experience, sufficient courage, and strong will.
Ketou can just invest and give you the voting rights. This can be written into the investment agreement. "
Shenhai Fuel Cell Vehicle Power System Company was very impressive at the beginning. It is led by Shenhai. As the implementation agency of the 863 plan, it has received a lot of support from the national level.
In the early days, shares were allotted to a group of big guys, including Wan*gang who later became the minister. It's a pity that it was too early. The trend of new energy was well predicted, but in 2001, all new energy technologies were not mature enough, let alone fuel cells.
This company has been established for too many years, and the results have not been converted into commercial benefits. In the end, state-owned capital and various gods have withdrawn, and it was first acquired by Mengshi Technology.
Later, Great Wall Motors acquired 51% of the shares for 60 million yuan. Great Wall Motors also had to help the company repay a debt of 170 million yuan.
To be able to single-handedly lead the establishment of Shenhai Fuel Cell Vehicle Power System Company in 2002, and to tie various gods to this carriage during the establishment process, Zhao Weimin has both the ability and the skills.
Hu Zhengming thought for a moment and said: "Okay, we will definitely give priority to Shenhai Science and Technology Investment in the future."
Zhou Xin's attention has been separated from the success of Mphone2. He hopes to lead the large-scale expansion of New Cloud in the second half of 2003.
After recruiting Dr. Wang Jian, Xinyun has a person in charge, but its development is very slow. Currently, only a few companies accept this virtual server service form.
For larger enterprises, they are not willing to put their data in the hands of others. For small businesses, their business volume can be enough to buy a second-hand server on the market and use it first.
The bursting of the Nasdaq bubble resulted in not many cheap second-hand servers on the market. For small businesses and individual entrepreneurs, new clouds were completely unnecessary.
But this business model has made some Internet giants very interested in it, and the new name makes them even more interested.
There are Microsoft, Amazon and Baidu, among which Amazon was the first to move. Originally, Amazon would start providing free server resources to enterprises in 2004, similar to the primary form of public cloud.
By 2006, a complete set of solutions was provided to the outside world. Now the emergence of new clouds allows Amazon to find this fully imaginative field faster.
As a listed company, what you need most is stories.
Cloud services sound like a story. But what gives Bezos a headache is that he has to collide head-on with Zhou Xin on the business battlefield again.
The emergence of Zhou Xin has caused too much trouble for Amazon. First, on the electronic payment battlefield, Amazon Payment was beaten out of breath by NewPay, leaving no room for fighting back.
Then there was the parallel online and offline cooperation model with supermarket chains, which seriously affected Amazon's market growth. This model was later developed by Hema and was advanced to Amerikan in the early 21st century, and the connection was almost seamless.
Because the online shopping habits of American consumers have been cultivated by Amazon and eBay, the popularity of NewPay has eliminated the barriers to electronic payment.
And large supermarkets serve as guarantees, and you don’t have to worry about the quality of the things you buy. It is still much more reliable than buying from Amazon.
Later, after Alibaba entered the American market, the cost of building shopping websites was greatly reduced, causing chain bookstore brands such as Barnes & Noble to start setting up their own online sites.
Barnes & Noble originally launched an online site in 1997, but it has always been tepid.
Alibaba used its own experience to help create an online shopping website for Barnes & Noble Bookstore, which added sales lists, rating systems, after-sales evaluation systems, random instant discounts, etc. It also connected with the WeChat official account to create a set of combos Coming down has put a lot of pressure on Amazon.
The book business is Amazon’s fortune business, and it is facing pressure from the transformation of traditional bookstores, not to mention other businesses.
After the threshold for electronic shopping was lowered, the emergence of a large number of subdivided electronic shopping websites made Bezos feel quite exhausted.
Amazon's stock price has also been falling. They need a story to boost investor confidence, and public cloud sounds very good.
As for Microsoft and Baidu, Microsoft is because they are too big. A common problem among large companies is that they do not want to miss any promising business. This was also the case with Tencent later. Baidu is determined by its own business, and the business fit between public cloud and search engine is very high.
Zhou Xin and Wang Jian said: "Before, we were in the stage of accumulating food and slowly becoming king. Now with the popularization of the fourth generation optical fiber communication system, New Cloud's problems on the network side have been solved.
Our previous work allowed us to solve the technical problems of New Cloud. Now what we need to do is to expand our market share and it’s time to go large-scale. "
Previously, public cloud services could not be developed on a large scale. The biggest constraint was the network. Cloud services did not have high requirements for network speed, but high requirements for network stability. Commercial fiber optic technology has been around since the 1980s.
But the transmission rate at that time was only 45Mb/s. By the fourth generation, the transmission rate could reach 10Tb/s. Not only was the transmission rate improved, but more importantly, the stability of the network was a qualitative leap forward.
After Zhou Xin finished speaking, Wang Jian was very excited, because Xinyun relied on Zhou Xin's investment before, and in terms of revenue, it was actually losing money year after year.
Now that Zhou Xin is talking about going large-scale, Wang Jian can tell that he wants to carry out external financing and then go public. This also means that the options in his hand finally have a chance to be realized.
As for being unable to go public, Wang Jian has never doubted that Xinyun cannot be listed, not to mention that Xinyun has specific businesses and firmly occupies the first position in this field. Even if New Cloud is just a shell company, with the endorsement of Zhou Xin and the name New, Wall Street investors will pay with real money.
Wang Jian suppressed his excitement and said: "Xinyun established an advertising department before, and will expand the scale of the advertising department in the future. Baidu may not be willing to accept our advertising, but we can look for companies such as Yahoo, AOL, and Tencent.
In addition, I think that New Cloud still needs to take the path of small and medium-sized enterprises, because for large enterprises, data security is more important than cost control. My target is the Internet companies that have exploded with the help of smartphones.
They have been established for a relatively short time, so it is difficult to estimate the growth rate of the number of users. Maybe today the number of users is only 10,000, and a week later this number will explode to 100,000. It is too late to buy servers.
At this time, Xinyun's virtual server business can well meet their needs. At the previous Mphone developer conference, I asked the vice president in charge of sales to talk to many Internet companies that focused on smartphone applications.
They are generally very interested in our business model and express that there is no problem in cooperation. They are willing to try this cooperation model of virtual server leasing.
But they also have problems, that is, what to do with the servers they purchased before, and whether New Cloud supports connecting physical servers and virtual servers to create a resource pool to provide external services.
This is a technical difficulty, and I have asked the R&D department to make it the top priority to solve.
Secondly, we think we can adopt this solution, that is, New Cloud acquires their servers at market prices, and then they rent New Cloud's virtual servers.
The contract we signed included both the acquisition of second-hand servers and the leasing of virtual servers.
That is to say, Internet companies first deploy their services on New Cloud's virtual servers, and then seamlessly switch to New Cloud's virtual servers, and then we acquire their original physical servers. "
I'm lazy again. I'm too tired from work, which makes me unable to write.
(End of chapter)
