As a mage, I just want to pursue the truth

Chapter 48 Investor Chat

Young is a veteran in the domestic investment community. He worked at Soros Fund in New York from 1996 to 1999 and helped manage the $30 billion Quantum Industrial Holdings hedge fund.

As a senior investor, he won the honor of "Forbes Best Venture Capitalist" last year.

The experience of investing in Ke Chuang Biotech makes him more excited and thrilled than being named "Forbes Best Venture Capitalist".

His biggest regret also came from Ke Chuang Bio, and he regretted why he did not participate in the first round of investment.

Due to the IPO of Kechuang Bio and the raging overseas epidemic, Young has spent most of this year in Shenhai.

IDG's office in Shenhai is located on Jinling West Road in Jing'an District. Young is chatting with Stephanie from Goldman Sachs.

They are both investors in the Ke Chuang Bio project and have been in close contact recently.

Young paced around the office: "When I invested in the B round of Sinovation Biotech, I had a feeling that it would become the most successful project I have ever worked on."

"I just didn't expect it to succeed so quickly that it would be much faster than I imagined. I never thought that I would be reluctant to let the company I invested in go public, hoping that it would go public later so that I could burn more money."

Young has participated in investing in many star unicorns in the market, such as iQiyi and Bilibili.

But when investing in these companies, going public is the end point.

Stephanie was helpless: "Who would have thought that Kechuang Bio would go public so early? With Zheng Li's leadership, the value of brain-computer interface is far more than this."

"Recently, the metaverse has been gaining popularity in the primary and secondary markets. The value of scientific and innovative biotechnology can only be fully reflected in the metaverse."

At this time, NFT has become very popular, and a purely digital work of NFT was sold at a sky-high price of nearly 7000 million euros.

The Metaverse wave that started in the cryptocurrency world has already affected the venture capital community, and more and more startups are claiming to be involved in the Metaverse.

Goldman Sachs executives like Stephanie received the news much earlier than the outside world. She knew that Facebook and Google were both entering the metaverse.

"Science Biotech is about to go public after its Series B investment, and none of us can meet Zheng Li, let alone convince him to postpone the listing."

"As long as he is in Sinovation Biotech, we will continue to invest in him."

Young shook his head helplessly: "Who isn't? The person in charge of our IDG office in Singapore wanted to meet Mr. Zheng, but Mr. Zheng refused to see him."

"According to our information in Singapore, Mr. Zheng stays in the laboratory every day and does not go out. He does not need socializing or entertainment. He is a genius who is completely immersed in his own world."

Stephanie chuckled and said, "I heard something before. After Zheng Li went to Lion City, the wealthy families in Lion City were very happy, like the top talent like Zheng Li."

"In Chinese terms, he is still a first-generation rich man, worth over 100 billion US dollars, and has no family constraints behind him. He is simply a perfect marriage partner."

"Several families in Lion City have daughters of marriageable age and are planning to hold a dance party and invite Zheng Li to attend. The main purpose is to serve as a matchmaker."

"Zheng Li never went once. Later, when the National University of Singapore held an honorary doctorate ceremony for Zheng Li, a family specially arranged for their eldest daughter to attend."

"After chatting for a while, Mr. Zheng explained the underlying principles of brain-computer connection technology. Miss had never seen such a thing before, so she didn't understand it at all but pretended to understand." "After that, Mr. Zheng asked her a few questions. If it was a business question, Miss might be able to answer it, but when he asked about a certain statistical algorithm, Miss couldn't answer it at all."

"After a brief chat, it was said that Zheng Li had a hint of contempt for her intelligence, which led to the young lady saying after returning home that she would never see Zheng Li again. The first time she met him, she began to doubt her own intelligence."

Women are usually gossipy. Even though Stephanie is thousands of miles away in Shenhai, she can still find out the gossip about the Lion City.

Young couldn't help laughing: "If my daughter is of the right age, I would also like to marry her to Mr. Zheng."

"It's not easy for a wealthy person like Mr. Zheng to be so simple and live a life filled with only scientific research."

"For these wealthy families in Singapore, Mr. Zheng's wealth is secondary, his genes are the most important."

"Money is not that important to Mr. Zheng. From our observation, the most important thing to him is to have a quiet and high-quality research environment and do what he wants to do."

"We have no means to interfere with Mr. Zheng's decision, and we don't need to interfere with his decision. As long as he maintains such efficient and reliable R&D capabilities, we will continue to hold Kechuang Bio's shares."

Stephanie nodded and said, "Yes, he really doesn't care about these things. If it were me, I could register a new company just based on the patent for brain-computer connection."

"He put the patent for brain-computer connection into the new company, and we can't do anything about it. It's reasonable and legal."

"Including when I had a remote video conference with him, I implicitly mentioned that Sinovation Biotechnology could adopt a VIE structure to register a company in the Cayman Islands and then go public on the U.S. or Hong Kong stock markets."

"Because Mr. Zheng didn't understand, Lei Jun later explained it to him in detail. Zheng Li just calmly said no. Even though doing so could bring him huge benefits."

There is no tax on holding stocks in China, but you will have to pay tax when you trade stocks for cash.

Young: "Mr. Zheng is now in Singapore. People from all walks of life in Singapore have repeatedly said that if he wants to immigrate to Singapore, they will give him the green light, but Mr. Zheng has not agreed."

Any information in the top investment circle circulates very quickly, especially Zheng Li, as the absolute controller of the largest unicorn company on the market in recent years, various news about him have been active in this circle.

For example, Li Miaomiao was only 20 years old but was able to become the executive vice president of Ke Chuang Biotechnology. Various rumors were emerging one after another. Li Shuyao had heard a lot of them in CICC, but she just didn't tell Li Miaomiao.

Young continued: "You have to know that Mr. Zheng's company is to B, he does not need to consider public opinion. Kechuang Bio is not a to C company, public opinion will not have any impact on him."

The full name of To B is To Bussiness, which means that my customer base is mainly corporate customers; the full name of To C is To Consumer, which means that my customer base is mainly individual customers.

This is a very common saying in the Internet circle.

Even for endorphins, Ke Chuang Biotechnology sells them to major hospitals and channels rather than to individual customers.

Stephanie: "He is a very simple and special person. Every time we communicate with him, he always hits the nail on the head on any issue, but it always makes people feel that he lives in his own world."

Young agrees with Stephanie’s feelings, and everyone who has come into contact with Zheng Li has similar feelings: “It is precisely because he has always lived in his own world that he has been able to produce outstanding results.”

In the next chapter, the protagonist regains his ability to cast spells, and the plot officially begins!!!
Please read it! Please add it to your collection! It’s not too much to add it to your collection after seeing this~
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(End of this chapter)