What's wrong with me being a rich man?

Chapter 484 Assessing the Situation
This concerns the company's strategy, and Carbon Silicon Data needs to have a comprehensive discussion.

Lu Haiying from Singapore has already boarded a flight back to Shanghai. As the person in charge of overseas business, she will undoubtedly provide important advice.

Yu Xing continued the meeting that evening, but Xu Xin did not attend. Instead, upon hearing that the three shareholders, IDG, Qiming Venture Partners, and Zhejiang Investment Group, would also be present, she showed up to greet them and communicate with them.

Hu Xubo from Qiming Venture Partners arrived at 9 p.m.

After a brief exchange of pleasantries, Xu Xin asked for his opinion: "What are your thoughts on this matter?"

Hu Xubo was taken aback: "I haven't thought about it carefully yet."

Xu Xin then asked, "Do you think it would be better for MUS to develop independently or be merged into Silicon Carbon Data?"

Hu Xubo thought about it seriously before answering, "I haven't compared them yet."

Xu Xin laughed in exasperation: "You haven't thought this through carefully, and you haven't even compared it, yet you're all smiles. What are you doing here?"

Hu Xubo answered without hesitation, "President Yu sent me a WeChat message, so I came happily."

He then added, "I don't understand short videos."

At this moment, Cai Haoyu from Zhejiang Investment Group entered the reception room.

Hu Xubo then asked, "Mr. Cai, do you know anything about short videos?"

Cai Haoyu laughed and said, "I don't understand. Even penguins don't understand. Who does?"

Hu Xubo also smiled, his gaze following his slightly turned body as he glanced at Xu Xin.

Xu Xin was somewhat annoyed, but she quickly suppressed her emotions and instead agreed, saying, "President Cai's words hit the nail on the head. If even Tencent doesn't understand, how many people in the entire industry dare to make such a judgment?"

Although penguins have looked rather pathetic in recent years, they still stand at the top of the industry.

Based on the information revealed so far, it has undoubtedly been tricked by Lingang. However, the domestic market is still in the development stage, and the fact that Carbon Silicon Data's movements have been exposed at this time makes its future seem somewhat uncertain.

Xu Xin sat down and said, "I attended the carbon silicon data meeting today. Let's talk about it again when President Zhang arrives."

IDG's Zhang Suyang is also on his way.

Upon hearing this, Cai Haoyu asked, "Has anyone from Red Falcon Capital come?"

Xu Xin was too lazy to answer the question.

Hu Xubo said with a smile, "Red Falcon doesn't need to send anyone. President Yu's meaning is Red Falcon's meaning. President Liu definitely knows MusVid better than any of us, and he is also clearer about the strategic direction of carbon silicon data. Tsk, President Liu is too low-key and not easy to deal with. Otherwise, it might be easier to find out about the project in Lingang."

Xu Xin didn't speak, but a thought suddenly struck her. Besides the future of the two companies in Lingang, as a part-time short seller, she also thought about the recent upheavals in the automotive industry. "Real research" requires various high-end information channels.

Mr. Yu is the kind of person who is prone to turning his back on people and is usually very busy. If he could cultivate a relationship with Mr. Liu, it might not be a bad idea.

Xu Xin pondered these extra thoughts and fell into deep thought.

About half an hour later, Zhang Suyang arrived at the Carbon Silicon Data Company and had almost gathered all the institutional shareholders.

IDG had some knowledge of the situation, and with Xu Xin's observations from attending the meeting, the four investment institutions pieced together their understanding and plans for Lingang, finally feeling a bit more confident.

Xu Xin is very opinionated. Although she can't say she has a clear vision of the future of short videos, she has developed some ideas in a short period of time.

Could Silicon Carbon Data and Singapore's MusVid merge?
She supports the merger because Capital Today has already invested in the former, while Silicon Carbon Data, although it has developed well in the mobile internet field, seems to lack a flagship product similar to Taobao for Alibaba or QQ for Tencent.

Based on increasingly faster internet speeds and the remarks made by Yu Xing when he raised funds from Breyer Capital, as revealed by Zhang Suyang, short videos at least have the potential to become a flagship product.

Given this, it is certainly appropriate to support silicon carbon data acquiring Mus to enhance its own value.

This is not only the common intention and interest of Capital Today, but should also be the common intention and interest of all institutional shareholders.

Xu Xin's explanation made the three listeners nod slightly.

“We should express our stance to President Yu. No matter what decision President Yu makes, we must show our attitude. I believe that such a reasonable expression will not cause any friction.”

Xu Xin spoke cautiously, and seeing that no one nodded or denied it, she continued.

"Of course, as long as a merger can be achieved, regardless of the process, such as whether MusVid needs a period of independent development overseas, whether it needs financing, and how to calculate the value of the merger later, I think all of these are negotiable."

The subsidiary's valuation is then fully acquired by the parent company, and there is a range of equity involved.

Zhang Suyang's lips moved slightly, but he remained silent.

Xu Xin's ideas were quite comprehensive, covering interests, attitudes, and room for maneuver. She concluded by saying, "Furthermore, the fact that Carbon Silicon Data has only now been passively releasing MUS data proves that President Yu is not lacking in funds, but rather in investment from companies like Breyer Capital that can bring resources."

"So, on behalf of President Yu, I would also like to say that everyone wants to make money, but we can't all rush to places that are particularly profitable. Just because we see that there are profits to be made with silicon carbon data doesn't mean we should all rush over, and when we see the valuation of silicon carbon group, we shrink back. We have to weigh the pros and cons."

Zhang Suyang learned about the situation from General Manager Xiong, and upon hearing this, he couldn't help but laugh and said, "General Manager Xu, you... well, did General Manager Yu tell you to say this?"

Xu Xin shook her head: "No, President Yu didn't tell me to say it, but the matter is obviously like this. Instead of going around in circles in a fog, let's take this opportunity to make things clear. It will actually increase the efficiency of communication."

Zhang Suyang changed his mind. IDG had the upper hand anyway, so it didn't matter what he did. He had originally planned to continue investing in Silicon Carbon Group anyway.

He nodded slightly in agreement.

Hu Xubo of Qiming Venture Partners and Cai Haoyu of Zhejiang Industrial Investment Group exchanged a glance, both pondering Xu Xin's words. Xu Xin didn't continue with a lengthy explanation, focusing only on the current situation and today's discussion on carbon silicon data, and remarked with emotion, "It all requires careful consideration of the situation."

……

MusVid is still in its early stages, with its domestic and international markets fragmented and facing potential for strong competitors in the industry.

Carbon and silicon data must be analyzed in a timely and appropriate manner.

Lü Haiying arrived in Lingang late at night and immediately participated in the morning meeting the following day.

At a series of meetings yesterday, Carbon Silicon Data Company basically came up with the idea of ​​developing the Mus model in China, led by CEO Zhong Zhiling. However, Lu Haiying expressed a different opinion at the first meeting she attended after returning to China.

“The market situation abroad is completely different from that in China. MusVid’s ultimate goal is to be a short video platform with all content formats. Music short videos are just an entry point.”

"Without this exposure, even if Mus has developed a large user base overseas, it would still have to start all over again when it returns to China. At most, it would just have more experience and a more mature algorithm."

“The domestic mobile internet is not completely controlled. Carbon Silicon Data itself has the traffic of software matrix. My senior originally planned to wait for users to become more familiar with the short video format, and for the domestic communication infrastructure to become more mature. Then, with the help of technical algorithms, we would take the initiative.”

"Now we are facing a new situation. In order to avoid the situation and resource allocation of Tencent, Alibaba and Baidu, we will either not do it at all, or we will fight a tough battle. We will go all in from the beginning. If we are going to do it, we will do it with full content. If we are going to fight, we will fight with all our might."

Lü Haiying's attitude was unexpectedly firm.

Her statement caused many executives in the conference room to turn their attention to the quiet boss.

Knowing what everyone might be thinking, Yu Xing simply said, "I didn't communicate with General Manager Lü beforehand."

Although their ideas were somewhat similar, he did not use Lü Haiying's words to push forward the decision-making direction.

Upon hearing this, Zhong Zhiling's spirits lifted, and he genuinely believed it was a prior conversation with his senior brother.

As the CEO of Silicon Carbon Data, he couldn't sit idly by and watch the company's strategy lean entirely towards short videos. The speed of mobile internet development is beyond imagination. Whether it's WiFi Master Key or the latest hot topics, their user and revenue growth has been a pleasant surprise this year.

At this rate, the company should be able to generate sufficient revenue in the next year or the year after. Only then can we talk about going all in on short videos, which would be the best approach from the perspective of the company's overall operation.

Lü Haiying was looking at the competition in short videos, while Zhong Zhiling was talking about the company's overall strategy.

The two engaged in a heated exchange, neither willing to back down, with opinions from Zhai Yifei, Yang Zhenyuan, Ge Zhijie, and others also present, creating a tense atmosphere in the meeting room.

Many things are not only reasonable from one side.

Yu Xing did not readily express his opinion, but instead thought of the constraints that Tencent faced in its decision-making regarding short videos. Wasn't Tencent also weighing the pros and cons of Wechat and Weishi before making its inclination?

The meeting lasted a full half day.

At lunchtime, investors such as Xu Xin and Zhang Suyang noticed that Lü Haiying and Zhong Zhiling's groups had clearly divided up their respective areas in the cafeteria.

Yu Xing smiled and explained the discussion at the meeting.

Xu Xin and Zhang Suyang exchanged glances, and then she gestured to Cai Haoyu of Zhejiang Investment Group to express the opinions agreed upon by all four parties.

Cai Haoyu coughed.

Yu Xing turned his gaze over, wanting to hear Zhejiang Investment Group's insights.

Meeting President Yu's calm gaze, Cai Haoyu suddenly choked, and after a few seconds he could only utter, "President Yu, Zhejiang Investment Group absolutely supports your decision!"

Xu Xin pursed her lips, while Zhang Suyang frowned.

Seeing this, Hu Xubo added, "Qiming Venture Capital also absolutely trusts President Yu!"

Xu Xin smiled and said naturally, "Is there any need to say more?"

Zhang Suyang immediately echoed, "Of course, the reason we've gathered here today is to absolutely support President Yu."

Upon hearing this, Yu Xing happily replied, "Really? Then I am truly... truly flattered. To be honest, I do have an idea."

The four investors instantly became serious.

"With the exposure of Mus, Silicon Carbon Data is now in a dilemma. So, I think that since we have your support, we can actually do it domestically through a subsidiary," Yu Xing said. "I was a little hesitant at first, but since everyone supports it, let's just go for it domestically now."

Xu Xin only understood two words from those words: pay up...

Zhang Suyang pondered for a few seconds before asking, "What's the difference between this and doing it directly with silicon carbon data? What will happen to the subsidiary in the future? Will Mus operate completely independently?"

“Carbon Silicon Data is growing very well, and I think it’s worth protecting it for a while,” Yu Xing said frankly. “So, we need to support each other now. The domestic subsidiary will inevitably return to Carbon Silicon Data, and we’ll observe Mus overseas for now.”

All four investors remained silent, their words blunt: they needed the brothers to contribute money to support them; those who didn't were not true brothers.

Cai Haoyu asked, half-jokingly, "When President Yu says that, I'm reminded of a line from a movie. I wonder if I can handle it?"

Yu Xing stated simply, "I have confidence."

Cai Haoyu was convinced almost instantly, and Xu Xin, Zhang Suyang, and Hu Xubo's hesitation also turned into determination. This "confidence" came from the statements of the mobile internet launch players.

(End of this chapter)