As a mage, I just want to pursue the truth

Chapter 100 Finally meet

After Kechuang Biotechnology went public, almost every brokerage firm issued a research report on Kechuang Biotechnology.

As underwriters, CITIC Securities, CICC and Soochow Securities, the first two large brokerages did not dare to exaggerate too much and only dared to call out a target price of 2500 yuan.

Dongwu is a local securities firm in Suzhou. It has no bottom line when it comes to boasting. It is the first company on the market to say that the target price of Kechuang Bio is 3,000 yuan.

Of course, this does not mean that CITIC Securities has any moral integrity, but they just don’t dare to go too far.

In 2021, CITIC Securities was the first to call out a target price of 3000 yuan for Moutai. On the last trading day before the holiday, the unit price of Moutai was 2601 yuan. After the Spring Festival, Moutai's market value evaporated by 8341 billion yuan.

As a result, retail investors would stay away from CITIC’s research reports.

The unit price of Ke Chuang Bio has risen to 3000 yuan, which is equivalent to a market value of trillion yuan. The current net profit is definitely not able to support this market value.

The reason why it enjoys such a high valuation now is due to its monopoly on endorphins and brain-computer connections, which leads to its high valuation.

After Thomas got the samples provided by Kechuang Biotechnology and finished testing them, he found Du Zhiyuan:
"It's perfect, just like the Chinese language department's brain-computer interface with mobile phones. The recognition rate is 99%, which is not an exaggeration at all. I even think it's underestimated."

"We want to do customized optimization and need Kechuang Biotechnology to open up its AI analysis algorithm for brain nerve signals to us."

"Otherwise, calling through two layers of interfaces will affect the user experience."

Du Zhiyuan smiled bitterly: "Of course I know that getting the source code for optimization is the best way, or even the only way."

“But do you think Kechuang Biotechnology will open up its monopoly technology to us?”

"I know that it is difficult to see the effect of the optimization research and development we do, but in order to reflect the value of the Suzhou R&D Center and prevent our department from being cut off, this is what we must do."

Big companies offer high salaries, but if you don’t produce anything, your department will be cut. For example, last year, all of ByteDance’s school education departments were cut.

Du Zhiyuan continued as he read the test report: "We have known each other for so long, so let's be frank."

"If it relies solely on testing work, does the R&D center in Suzhou need to employ so many people? Most of them have master's degrees and doctorates."

"If it's just testing work, the entire Gusu R&D Center would only need to employ ten people at most, including finance and personnel."

Du Zhiyuan has been hanging around in large factories for many years and is well aware of their logic of doing things.

Thomas: "Well, the brain-computer connection works perfectly. Mike and Chen are testing the effects on the remaining human race."

Mike and Chen are black and Chinese Americans whose native language is English.

"I personally think there is no big problem, and we can sign a new patent licensing contract with Sinovation Biotechnology."

"There is no problem at all for the Mi Mix 4 with brain-computer connection to be priced Mi in the European and American markets."

"It looks like we'll have another nice bonus this year."

Du Zhiyuan is not as optimistic as him. "The English Department's brain-computer connection patent licensing needs to be repriced."

"We are still negotiating. The price of patent licensing will affect the total profit of the brain-computer connection to mobile phones line."

Thomas asked, "Aren't we shareholders of Kechuang Biotechnology? Aren't there any additional benefits?"

Du Zhiyuan: "You can get the brain-computer connection sample first, which is already the biggest benefit!" It was the first time that Li Miaomiao spent New Year's Day abroad. After two rounds of negotiations, he returned empty-handed and flew directly from England to Lion City, while other people in the company returned home first.

The founder of secondmind is very tough. He can accept investment but not acquisition. This company is his hard work.

With the support of Goldman Sachs and IDG Capital, he has the confidence to reject the acquisition request from Sinovation Bio.

"Zheng Li, long time no see." Li Miaomiao met Zheng Li, whom she had not seen for a long time, at the R&D center in Lion City. She was wearing formal clothes and looked more mature and confident than she was two years ago.

From Li Miaomiao's point of view, Zheng Li was not much different. He still looked like a research fanatic. Not to mention coming to pick her up, even if they wanted to meet, they had to wait for Zheng Li to finish his work for the day.

"Ah" Zheng Li didn't know what to say. He hadn't had normal social interaction for a long time, and he only communicated about work and research progress with his subordinates at the Lion City R&D Center.

Li Miaomiao was familiar with Zheng Li's expression and felt helpless. "The other party didn't agree to go to England this time. Since Goldman Sachs and IDG took over the equity of small and medium shareholders of SecondMind, and Goldman Sachs and IDG claimed that they would help them start the C round of fundraising, the other party refused very firmly."

Zheng Li consoled him, "It's OK. If we can't acquire the company, then we can hire people to build an AI chip and AI algorithm team from scratch."

“Secondmind is not irreplaceable.”

Li Miaomiao asked: "Don't we value the massive amount of data accumulated by SecondMind the most? We have set up our own team, and it will take a lot of time to accumulate data."

Zheng Li shook his head. "No, I'm not interested in SecondMind's massive data, but their existing technology. Since they don't agree to the acquisition, we can just poach people from that technology team. First, we can poach the person in charge and then the team members."

"Where did you hear that I wanted SecondMind's data?"

Li Miaomiao: "I did my homework before discussing acquisitions with AI chip companies. When the capital market values ​​AI companies, the amount of data is the most important value."

"If Qiandu's Kunlun chip team was not supported by Qiandu Maps' data, would it be able to enjoy a valuation of 130 billion RMB?"

"Including SenseTime and Cambrian, which were listed only in the past two years, if it weren't for the massive amounts of data they have accumulated, how could they support such high valuations?"

SenseTime is still in a loss-making state, with a loss of 240 billion in three and a half years, but its market value exceeds billion HKD. Those who understand the business logic can only understand it.

"If that's the case, there's no need for me to go all the way to England. Can't I just poach him directly?"

"Why should I go all this way for nothing?"

"It's really tiring to take an international flight, especially since I spent New Year's Day abroad this year and I was the only one in the hotel room during New Year's Eve."

"Luckily the hotel is not in the city center, so I can't hear the noise of couples making noise, otherwise it would be a bit too emo."

After Li Miaomiao finished speaking, Zheng Li felt a familiar feeling coming back. He comforted her, "Asking you to participate in business negotiations is also a training for you. It is also a kind of life experience."

"These are all experiences. Isn't the purpose of life to have different feelings?"

Zheng Li has always believed in a lifestyle, that is, the life of an intelligent being is to experience various feelings.

In his long career as a mage, it is precisely because he has experienced everything that should be experienced that he discovered that the pursuit of truth is the greatest experience, and that is why he was able to go far on the path of a mage.

Every time your knowledge boundaries are expanded, or even when your research helps an entire community expand their knowledge boundaries, it is a feeling that cannot be matched by any other.

I’m sorry that I’m still not feeling well today, so the additional chapters will be put at the end. One additional chapter will be given for each first subscription and monthly ticket.

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(End of this chapter)