What's wrong with me being a rich man?

Chapter 408 Priority

There were two empty pairs at the dinner party of four.

Xu Xin and Li Song appeared thoughtful and insightful throughout the entire process.

Yu Xing and Liu Wanying, on the other hand, were naive and open-minded, speaking their minds freely and candidly about anything they knew, from industry to opinions.

As a newly minted short seller, Xu Xin felt a mix of satisfaction and a touch of guilt. Honestly, the insights of an industry veteran like Mr. Yu were truly valuable; he was so candid…

Ah Zhen must not let President Yu down and must become a big short seller like Guo Shanfeng!
The dinner party ended with everyone enjoying themselves.

As Li Song drove home, he couldn't help but sigh, "I used to really find President Yu annoying. Why did he have to be so sharp? It was just a way to get attention. But now it seems that he has his own set of rules, and he is quite sincere to people, which is really rare."

He crossed a traffic light and continued, "When I was eating, I thought about it and looked around at the people. It seems that only someone like President Yu can truly be considered a friend."

"You don't blame him for misleading you with the 'love insurance'?" Xu Xin said with a hint of sarcasm. "You changed your attitude as soon as you got something from him?"

Zhenai.com's dating contract program has been halted due to numerous insurance companies following suit with similar innovations. The China Insurance Regulatory Commission (CIRC) has required insurance companies not to develop this type of business. Although there are no explicit requirements for private enterprises, Zhenai.com has been subtly communicated with and has had to stop developing this business.

This made it difficult for Li Song not to criticize and speculate about Yu Xing's sinister intentions.

“I was just saying that. He’s been selling the company to me for so long, and he’s mentioned the risks of doing business with an insurance company. How could I really blame him?” Li Song sighed. “It’s all about timing and fate. Some people can smoothly take their companies public, while others can’t even get past the threshold of the stock exchange no matter how hard they try.”

After he sighed, he smiled again: "Never mind, never mind. If you can't get across the threshold, just pull those who have to get across out of the way. That's not bad either. Hmm, I just think Yu Xing is a really good friend."

Xu Xin scoffed: "He's a car manufacturer, and you're a short seller. You two are friends, but aren't you waiting to see if you should short the company to hedge your positions when Silicon Carbon Group goes public? Is that how you treat your friends?"

Li Song was taken aback because he couldn't understand the true technological research and development and project progress of the Silicon Carbon Group. Short selling and hedging were indeed a solution.

Thinking about it this way, Yu Xing is an upright car maker, and his selfless sharing of his views makes me seem like a cynical and narrow-minded short seller.

Li Song remained silent for a while, and only when he was almost home did he say quietly, "Friends are friends, and short selling is short selling. They are two different things. If there were no problems with Silicon Carbon Group, who would short sell it? If there are really problems, I'm afraid I'm not the only one shorting it."

Xu Xin chuckled twice but offered no comment.

Feeling somewhat bored, Li Song casually asked, "What's the outlook for Yu Xing's silicon carbon data company? Has he been working on mobile internet stuff lately?"

Yu Xingrui's comments on penguins have been widely circulated within the industry.

"It's hard to say. For the two main apps right now, WiFi Master Key doesn't seem to have a good way to expand revenue. As for the latest hot topics, many people still think that information aggregation is a boring and saturated category. Even if it becomes an excellent information app, so what?" Xu Xin always talks about these things very seriously. "At most, it will be a 'Penguin News' or 'Sohu News' belonging to Carbon Silicon Data Company. But Penguin didn't become strong because of 'Penguin News'. The cause and effect relationship is very clear."

Li Song silently recited the key points, a monotonous yet satisfying monotony.

As he pondered, he parked his car and turned back to ask, "If mobile messaging apps are so dull and saturated, why would companies like Weibo cancel their partnerships with Silicon Carbon Data?"

“They were willing to cooperate with the latest hot topics before because they didn’t have to worry about them. This was just a relatively traditional project with a clear future,” Xu Xin said leisurely. “They later became unwilling to cooperate because they were worried about Yu Xing and didn’t want him to really make things complicated.”

Upon hearing such a praiseworthy reason, Li Song chuckled and said, "That's great. We should invite President Yu to dinner more often in the future. He's an S-level information source."

……

Yu Xing doesn't actually have many thoughts about the younger generation in the industry.

He found it novel, even strange.

Observing real colleagues up close is a rare experience.

As for what role the little mouse can actually play...

Perhaps at certain times, it can coordinate with the peak, and the amount of capital and chips will bring different pressures to the secondary market, and this destructive power on the stock price can be transformed into the most direct profit.

However, Ah Zhen's ability to hold on for long is uncertain; it all depends on fate, and so far, it seems they have a strong connection. Besides Ah Zhen's connection, the head of LeEco is also quite fortunate. Jia Yueting is about to visit Lingang, and Ah Zhen even made a special, enthusiastic phone call to inform him in advance.

Yu Xing estimated that Master Jia would definitely be more generous than the last senior vice president. In any case, he would have to spend some money this time.

That afternoon, after making some arrangements for tomorrow's reception, he turned around and had another conversation with Yang Zhenyuan, the leader of the algorithm technology team at Carbon Silicon Data.

Yang Zhenyuan joined Baidu in Q4 of last year. He was previously the deputy director of web search at Baidu and has strong technical skills, which is shown on his resume. His actual work performance is also reflected in the impressive growth data since the beginning of this year.

Yu Xing always felt that this General Manager Yang was more technically skilled, not because he had studied any technology himself, but because General Manager Yang could often explain the effects and expected data of new technologies in a simple and easy-to-understand way.

We can verify this with actual results afterward. Even if it doesn't completely match, it will at least provide 70-80% confirmation.

Carbon Silicon Data managed to poach Yang Zhenyuan from Baidu relatively smoothly. His previous annual salary was around 150 million yuan, while Yu Xing promised him an annual salary of 300 million yuan, which was double that.

Furthermore, according to Yang Zhenyuan's original statement after arriving in Lingang, he was moved by a single sentence from President Yu.

"Mr. Yu, Carbon Silicon Data Company is not bad, but living in Lingang is not very comfortable."

"Mr. Yang, that's true. Once we have the money, we'll hire a company to build it ourselves, however comfortable we want it to be, okay?"

Yu Xing didn't know if General Manager Yang was telling the truth, but he genuinely wanted to live more comfortably nearby.

As usual, Yang Zhenyuan chatted with his boss about the algorithm for a while, then suddenly changed the topic to short videos.

He asked, "Mr. Yu, Weibo has also launched Miaopai, a short video platform, to test the waters. Have you seen it?"

Yu Xing nodded and said, "Yes, I know, but I haven't tried it yet. How is it different from Weishi?"

“There’s not much difference. Weishi learned from Vine, and I don’t know if Miaopai learned from Vine or Weishi, anyway, they’re pretty much the same.” Yang Zhenyuan laughed. “President Yu, your advocacy of using the other’s methods is already very popular in the industry.”

Yu Xing corrected, "It wasn't me who advocated it; I was just pointing it out more clearly."

Yang Zhenyuan nodded repeatedly: "Anyway, they are all very similar now. President Yu, judging from the current software of our Carbon Silicon Data, we can't do search, we can't do e-commerce, we can't do communication... This short video can be a direction to try."

After considering his words and attitude, Yu Xing said after a moment, "We can observe for now, there's no need to rush."

Yang Zhenyuan wasn't in a hurry at all. Instead, he smiled and said, "President Yu, it's true that you don't have to rush. But these past few days, I've been thinking about Vine, Weishi, and the latest trending topics we've been working on. Oh right, and also about the product operation issues that President Yu mentioned regarding Tencent. I've had an idea: should the priority of content platforms be given to content, rather than just pursuing user scale?"

Weishi, backed by Tencent, will not lack users; Vine, backed by Twitter, will not lack users; and Miaopai, which just launched, will not lack users either.

Yu Xing pondered for a while, but couldn't grasp the key point he wanted to hear, so he asked, "President Yang, what are your thoughts?"

Yang Zhenyuan spread his hands innocently and said, "I don't know. I just don't know if it's right or not, that's why I came to ask you."

Yu Xing asked, "Just asking?"

Yang Zhenyuan nodded frankly, admitting he was just asking.

Yu Xing was surprised that the person in charge of algorithm development raised the issue of content priority. After thinking it over, he asked his secretary to write it down, thinking that they could discuss it internally at some point.

However, once Zhang Yangxu remembered the question, he felt it wasn't quite right. After all, Carbon Silicon Data wasn't making short videos themselves, so they probably didn't have the same firsthand experience as the frontline team.

"Xiao Zhang, download WeChat for me, and then try to contact the person in charge of Tencent's Weishi (Weishi) to see if we can add him."

Yu Xing gave a new order.

Suppressing his astonishment, Zhang Yangxu helped the founder of WeChat download a brand-new version of WeChat, seeking a direct dialogue with his old friend, a senior executive at Tencent.

(End of this chapter)