Reborn, back to a small county town to become a wealthy family

Chapter 769 The US Dollar Becomes a Basic Currency

Twelve years ago, chip manufacturing processes had already reached the 32-nanometer level.

As for whether there are any more advanced ones now, Luo Yang is not in this circle, so he is not very clear about the relevant information.

"Intel is about to release a 22-nanometer process processor, which has a more precise manufacturing process and lower power consumption design compared to the previous 32-nanometer process."

Vic Cohen didn't think this information needed to be kept secret and replied directly to Luo Yang, "But it won't be mass-produced in a short time, after all, the chips produced also need to have an application market."

Even the most advanced technologies need a broad market to reduce manufacturing costs.

"I saw a research report when I was in the country."

Luo Yang responded with a smile: "According to relevant organizations, Apple and Samsung smartphone sales are likely to exceed 5000 million units this year, while Nokia can't even maintain 1000 million units. This means that the era of traditional mobile phones is over, and the future belongs to smartphones. In addition, with breakthroughs in new energy battery technology, new energy vehicles will gradually become the mainstream of the market, and these major chip consumers will open up a vast market."

"Mr. Luo is very optimistic about new energy vehicles?"

Vic Cohen's eyebrow twitched; "Or are you interested in the chip industry?"

"The chip industry?"

Luo Yang laughed, and after a full minute or two, he continued, "Mr. Cohen, you really overestimate me. Getting involved in this industry now, even if I invest billions, I won't even make a ripple. I'm not that arrogant."

He started with some heartfelt words and self-deprecating humor, then suddenly changed his tone.

"Moreover, the mobile internet boom is just around the corner. I currently have shared bikes in hand, and I also have several new projects based on the mobile internet industry in mind. Using creativity and a small amount of capital to leverage international capital and reap tangible benefits and prestige, how simple is that?"

Luo Yang scoffed, "Why bother making things difficult for yourself?"

"Hahaha"

Vic Cohen laughed heartily.

“Mr. Luo, I like a frank and goal-oriented young man like you.”

The old man smiled as he lit a cigar and enjoyed a leisurely smoke.

While smoking a cigar, he looked at Luo Yang with a smile and said, "So, you've come to IDG this time with your bike-sharing project to seek funding?"

“No, Mr. Cohen, if it were just about seeking funding, I wouldn’t have needed to come here at all.”

Luo Yang leaned back and gently shook the cigar between his fingers. "You know, in our country, we don't lack money. There are many investment institutions and large groups, including Sequoia Capital, Hillhouse Capital, Tencent, and Baidu, that want to participate in the Series B financing of shared bicycle projects."

Judging from Vic Cohen's question, he was unaware that Luo Yang had come to discuss cooperation.

"Oh?"

Sure enough, Vic Cohen paused for a moment.

In the Greater China region, Sequoia Capital surpasses IDG in both reputation and actual business performance.

Moreover, IDG has also established a branch in China. If it were just a financing project for a shared bicycle, the decision would only need to be made by senior executives in Greater China, and there would be no need to come to the headquarters.

"So, what brings Mr. Luo to IDG headquarters this time?"

After some analysis, Vic Cohen seemed to have guessed something. "I came to IDG headquarters at the invitation of your company's Executive Vice President, Kelvin Martin."

Luo Yang didn't mention Cao Shuyu, and replied directly, "I'm here to discuss cooperation with you."

"Are you going to collaborate with IDG on this bike-sharing project?"

Vic Cohen became increasingly certain of his guess, but instead of revealing it, he smiled and asked, "I previously thought that Mr. Luo's bike-sharing project was worth an investment of 1 million yuan. Now it seems that you don't lack that money, so the cooperation isn't in your Chinese market?"

This old fox!
Just now, he was shouting at the meeting room door that the shared bicycle project was worth 1 million yuan.

This number would be considered to be in meters by anyone.

However, according to his current interpretation, the currency unit of 1 million is no longer US dollars, because as things stand, the total valuation of the shared bicycle (China market) project during its Series B financing could not possibly reach 1 million US dollars.

So now, when it comes to cooperation, IDG's sincerity is to offer 1 million local currency units, which is about 1600 million US dollars.

“Mr. Cohen, a week before coming to the United States, I met with Mr. Shen Nanpeng of Sequoia Capital and talked with him about the Series B financing of bike-sharing and the expansion into the European and American markets.”

How could Luo Yang be led by the nose by Vic Cohen?

He said calmly, "Mr. Shen Nanpeng is very optimistic about the bike-sharing model in the European and American markets, and is therefore quite interested in this cooperation. Initially, he planned to introduce me to Sequoia Capital's US branch, but that would not be good for me."

This logic is sound.

When Omega launched its bike-sharing project, Edifier Technology invited partners, one of whom was Sequoia Capital US, and the other was Sequoia Capital China. Luo Yang would not allow this situation to occur.

"A few days after I talked to Mr. Shen Nanpeng about this matter, I happened to meet a senior investment manager of IDG Greater China, who was Cao Shuyu, the one who initially suggested that we come to the United States to discuss cooperation."

Luo Yang explained the logic behind his trip to the United States with a mix of truth and falsehood: "Sequoia Capital China has decided to participate in this cooperation and will hold at least 20% of the startup's shares. I need an established investment institution with a certain influence in the United States to participate, and your IDG is one of the targets that meets this requirement."

Old Deng, you guys aren't my only choice, just one of many!

After Sun Wei finished translating Luo Yang's words, Vic Cohen's office fell silent.

"Mr. Luo, you have big ambitions."

“Mr. Cohen, Wall Street has always rejected mediocrity. I’m just afraid your ambition isn’t big enough.”

Luo Yang smiled faintly and said, "Shared bikes encompass the concepts of green, environmental protection, and energy conservation. They are also derived from the sharing economy and include concepts such as the Internet, the Internet of Things, big data, and cloud computing. Such a project, which is in line with the trend of mobile Internet, has a clear profit model and advanced concepts. I believe that there will be plenty of people on Wall Street waving US dollars to invest in it."

"clap clap"

Vic Cohen put his cigar on the shelf, clapped for Luo Yang, and said with a smile, "Mr. Luo, your speech moved me. Now I think it's really worth 1 million."

Luo Yang then sat up straight and leaned forward slightly to look at Vic Cohen.

"So."

He picked up his whiskey: "Mr. Cohen, shall we now discuss the collaboration?"

(End of this chapter)