As a mage, I just want to pursue the truth

Chapter 312 Investment and Merger
There was a very fierce debate within Apple over whether to accept the conditions proposed by Science and Technology Future.

Because everyone knows that the combination of brain-computer connection technology and VR is the best combination, and VR equipped with brain-computer connection can form a dimensionality reduction attack on other VRs.

No matter how strong Apple’s brand power is, it cannot offset the impact of the technological gap.

“I think the conditions proposed by Kechuang Future are acceptable.

We can use the system of Kechuang Future to reflect Apple's characteristics in theme design and application.

Just like all other mobile phone manufacturers except Apple use the Android system, but even though they are all Android systems, they all have their own differences.

We can do the same thing.”

"This goes against Apple's tradition. Apple's systems are all designed based on OS, and VR is no exception."

"Apple's tradition has long been broken. We allowed Windows to run on Macs in the early 2000s."

“It’s a virtual machine concept, not a pre-loaded Windows system.

The requirement put forward by Ke Chuang Future is that Apple's VR equipped with brain-computer connection technology can only be equipped with their system.

This has never happened in Apple’s history.”

"We need to change, don't we? With the support of brain-computer connection technology, I am confident that I can surpass Kechuang Future in VR sales."

The only thing that could tempt Apple is that brain-computer connected VR has already proven its market.

With the participation of Apple, this product line can be made into a revenue source that is no less than that of the iPad.

“There is another critical issue. We cannot charge system usage fees for using Kechuang Future’s system.

This fee was collected by Kechuang Future.”

Apple tax is both important and unimportant to Apple. The annual revenue from this part is about 10 billion US dollars. You must know that this is pure profit.

In 2021, Apple reduced the Apple tax for small and medium-sized developers from 30% to 15%.

Over the issue of Apple tax, we and Tencent refused to give in on whether WeChat had the right to collect Apple tax for paid content.

In the end, WeChat made a compromise and Tencent passed this part of the cost on to consumers.

For example, the content that consumers could previously purchase on WeChat for ten yuan on the Android version now costs more than 13 yuan on the iOS system.

But if it’s just the Apple tax on the VR side, it’s not that important.

After all, this is income that has not yet been collected.

"We need a strategic vision, not just short-term gains.

Our VR products are still at the second-generation VR from three years ago. After Kechuang Future launched its own VR products, we directly cut this product line.

The revenue from AppStore services on VR is less than 10 billion yuan, and this scale of revenue can be completely ignored.

What we need to do is to launch VR products as soon as possible. Whether it is the influence of the product in the minds of consumers or the VR team, there needs to be products to maintain the two at a relative level.

We have been supporting the VR team and only responsible for the poor ROS system updates for more than three years. "

ROS is the VR operating system launched by Apple.

“I agree with Joswiak that we cannot just sit there and watch our competitors take our market share in VR.

We can completely use Ke Chuang Future's system first, and then switch to their brain-computer connection technology after Neuralink's brain-computer connection technology matures, and then use ROS at that time.

Using Kechuang Future's Future OS is only a temporary solution."

"Traditions are meant to be broken. In the face of technological gaps, we need to make appropriate compromises."

For Apple executives, they don’t care about Apple’s traditions. Not everyone is Steve Jobs.

Apple is a company with a fifty-year history and will be exactly fifty years old in 2026.

Their senior executives are a team of professional managers. For them, the most important thing is to complete the incentive plan and get equity incentives.

Taking Cook's 2021 salary structure as an example, the base salary is 300 million yuan. The value of the performance stock award is 4485 million yuan. In addition, there is 1200 million yuan in non-equity incentives.

This is the case for Cook and other senior executives as well. The bulk of their compensation income comes from performance bonuses rather than basic salary.

Performance bonuses are derived from revenue growth and profit growth.

The executives are all smart people. They all know that as long as Apple accepts the conditions offered by Ke Chuang Future and enters the VR track, its revenue and profits will see substantial growth.

Not only can you complete performance incentives, but you can even get excess rewards.

Li Miaomiao originally thought that Apple would not agree. From her communications with Apple executives, it seemed that the other party had not verbally agreed to the cooperation plan they proposed.

Apple executives insisted: We absolutely cannot accept using other companies' operating systems.

Li Miaomiao had the illusion that Apple would stick to its traditions.

In the end, Apple finally agreed to the requirements put forward by Kechuang Future.

At this point, all mainstream manufacturers have agreed to use Kechuang Future’s Future OS VR operating system.

At the same time, due to the pioneering nature of scientific and technological innovation, the VR market can also see a scene of fierce competition.

“I’m quite curious, why didn’t you invest in Cheng Gang’s Temple Education?
I have always felt that science and technology companies are not very keen on overseas investment.

I have seen some of Cheng Gang's operating data for Temple Education, and it is a pretty good company."

Li Miaomiao returned home after finishing a day's work and shared some things from work with Li Shuyao.

After listening to this, Li Shuyao felt it was unreasonable that Ke Chuang Biotechnology did not invest in Temple Education.

“Because Temple education is not our main business, the Science and Technology Department has no intention to expand in this direction.

Doing well in VR and biomedicine is enough for us.”

Li Shuyao's face was filled with disbelief: "Who said that investors should get involved in operations?
You can completely do pure capital operations.

Kechuang Future can be said to be the highest quality and best private enterprise in China, but Kechuang Future is far inferior to other giants in investment.

Not to mention Tencent, which does very well in investment, you can't even compare to Ali in investment.

A company like Temple Education is currently in the process of raising its Series A funding. You can get involved and then sell your shares to other people after the price goes up.

The earlier you raise funds, the lower the price. You can sell your shares slowly, leaving most of them to latecomers, and the remaining shares will be sold to the secondary market when the company goes public.

Li Miaomiao shook her head and said, "It's not that easy to go public."

Li Shuyao was speechless at Li Miaomiao's naivety: "If you participate in Temple Education's financing, they will definitely be able to go public.

The most important thing for a listing is the shareholders behind the company, not the company itself.

With your financing, Temple Education can find the best angel investment institutions and securities firms at home and abroad for their subsequent rounds B and C financing.

This company is just a pig, and they can help it go public.

Why is the listing of a company called capital operation instead of corporate operation? Because the capital behind it is the most important.

It doesn’t matter whether the company itself has prospects or how its operating conditions are.

After packaging the company and listing it, you can sell it to the secondary market and make a lot of money. "Although Li Miaomiao majored in economics and also studied for an MBA, he still lacked knowledge of specific capital operations.

Kechuang Bio itself is not deeply involved in similar capital operations.

Li Miaomiao was a little surprised: "I roughly understand.

Investors like these will package the companies in order to get them listed.

With the endorsement of Kechuang Biotechnology, it will be able to attract a large number of first-class capital, which will naturally operate and list this project.”

Li Shuyao nodded and said, "That's right.

You can see that the listing rate of these top capital operation projects in recent years is very high.

Except for those tracks that seem to be rotten at first glance and cannot be put into operation and listed, they have various ways to put other projects into operation and list.

The projects mentioned here sound rotten and there are not many willing to take over in the secondary market, such as shared bicycles and P2P.

For a project to go public, it needs to have investors in the secondary market to take over.

But even so, for shared bicycles, this group of capital can still find companies like Meituan and Ali to take over.

Therefore, the better the securities firms and investment banks are, the better projects they can get. This is the logic that the strong will always be strong.

If Kechuang Biotechnology sets up an investment company, it will definitely be able to get the best projects in your field.”

In the shared bike sector, OFO has more than 10 million users queuing up to get their deposits back. Mobike, which is also on the same track, can also feel the chill brought by the track.

At that time, Mobike had submitted a prospectus to the American SEC, hoping to be listed on the Nasdaq just to raise more than 100 million US dollars.

You should know that Mobike’s Series C financing exceeded 100 million yuan.

If it weren't for the industry's cold winter, Mobike would not even consider this mere 100 million yuan.

But even though they only wanted to raise more than 100 million US dollars, they were still rejected by Nasdaq.

The final outcome was that Mobike was sold as a whole package to Meituan for 27 billion yuan, and the investors behind it still made a fortune.

Therefore, no matter how bad a project is, even if the track fails and there is no hope of listing, capital still has a way to cash in and make a profit.

After listening to this, Li Miaomiao said: "I roughly understand that we are indeed weak in investment.

The cash of science and technology enterprises is basically used to purchase principal-guaranteed financial products.

Many projects found us through various channels, but we didn't accept them.

Unless it is a biopharmaceutical company with great potential.

For similar biopharmaceutical companies, Sinovation Biotech also mainly acquires them by wholly-owned acquisitions rather than investing in and listing them.”

Li Shuyao: "So this is your attitude towards doing business, not capital operation.

Fosun Pharma has made large-scale investments and acquisitions at home and abroad, but of course it has gone a bit too far.

But you are too slow in this regard.

In fact, I have always believed that Ke Chuang Future can invest in suppliers of brain-computer VR.

Deeply bind with your core suppliers.

Mainly because I recently saw news online that Ke Chuang Future is going to license its brain-computer VR technology to others.

If you really plan to do this, my suggestion is to form deep ties with strong suppliers by investing in them and prepare for the future.

Ke Chuang Future has this strength, and you are different from Google.

Google acquired the Android system before starting to make mobile phones, which resulted in Google doing very poorly in supply chain integration.

They also don’t have access to the most advanced supplier technologies.

But Ke Chuang Future is different. Ke Chuang Future is already a leader in the VR field, and you currently have strong bargaining power.

It is important to invest in core suppliers before the technology is opened up to the public and maintain your bargaining power.

Otherwise, Kechuang will likely face price increases from suppliers and a decline in profit margins in the future.”

Li Miaomiao was not curious about why the other party knew that Ke Chuang Future was discussing technology licensing with its friendly companies.

Because it involves many companies and Li Shuyao is also from the investment circle, it is normal for her to find out about the news.

Li Miaomiao felt touched by Li Shuyao's suggestion. Investing in the VR supply chain would also strengthen their core business.

"Okay, I'll communicate with you at the executive meeting this week."

Li Shuyao snorted coldly: "If you have this plan, you should hurry up.

You can go and take a look. In the past two years, Xiaomi and Tencent have invested in many companies upstream and downstream of the VR supply chain.

You have to think clearly whether you want to use the subject of Kechuang Future or Kechuang Biology to do this. "

"American's Mars program will be launched in the middle of next year, and Mars 2 will carry two astronauts to Mars."

After America fell behind China in moon landing and lunar base, it began to invest manpower and resources in the Mars project.

American's various projects like to be named after gods in Greek mythology.

For example, the earliest Apollo program was named after the sun god.

The moon landing program in recent years has been named the Artemis program. Artemis is the moon goddess and sister of Apollo in Greek mythology.

This moon landing project is no exception, and is also named after Mars, one of the twelve main gods in Greek mythology.

"We have been overtaken by China in the construction of a lunar space station and lunar base. This landing on Mars is our best chance to overtake.

We need to let other countries on the blue planet see who is the most powerful country in the aerospace industry on the blue planet.

This time we have to win the Mars landing."

On the surface, NASA's plan to land on Mars seems to have nothing to do with Musk, but privately, Musk is fully responsible for it.

"The lunar space station was just an accident, we didn't expect China to be so decisive.

When we looked back later, we found that there was definitely an element of gambling involved when it came to China's lunar space station.

It is a very risky move to launch a space station around the moon before the technology is perfected.”

"So? I don't care about the process, I only care about the result.

When we launched the Apollo spacecraft, the technology was also immature, didn’t we do it?

Our Chinese counterparts made the same choice as we did back then, and the key point is that they also succeeded.

Why did we shelve the lunar space station plan after formulating it, even though we were not as courageous and proactive as our Chinese counterparts in terms of technology? "

Later, there was a saying to describe America's Apollo program: The Apollo program was like crossing the Pacific Ocean in a washing machine.

The group crashed yesterday. New group number: 483998727

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(End of this chapter)