What's wrong with me being a rich man?

Chapter 485: Life is full of crossroads

President Yu has already spoken...

He got it.

As for Mr. Yu asking the brothers to contribute money to the team, will he later back down and leave them in a bad situation...?

The business world is treacherous, and you can never completely trust what someone says. But then again, Mr. Yu still has a good reputation. WeChat has promised to deliver on its promise regarding the money to be distributed, so the public opinion surrounding this matter is still somewhat positive.

As for Baixiaosheng's successful listing and Lingang Carbon Silicon's steady development, these are more business-oriented.

For Cai Haoyu of Zhejiang Investment Group, he met Mr. Yu relatively late, and their personal relationship was not as extensive as that of IDG and Capital Today. In addition, he did not have much successful investment experience in the Internet industry. Therefore, he had to rely heavily on his judgment of Mr. Yu as a person.

Cai Haoyu has a little insight: we should not only look at a person's success, but also at what they do when they are on the verge of failure.

Therefore, he was very firm in his decision regarding whether or not to support President Yu.

Yu Xing only briefly mentioned his need for funding, giving the investors time to think and buffer. He briefly mentioned it at noon and then went back to work on company matters. However, considering the chain of events, the formal contact between the two sides was scheduled for the afternoon of the following day.

The four investors temporarily requisitioned the meeting room of Carbon Silicon Data Company, but the discussion did not last long this time.

Cai Haoyu is confident in his judgment: "If President Yu wants to operate it as a subsidiary, Zhejiang Investment Group is willing to participate. There is no doubt about that. Regardless of President Yu's achievements in mobile Internet or the situation of carbon silicon data, I think they are very good."

"If my initial assessment of the future of short videos was an A, it became an S after Mr. Yu expressed his confidence."

Xu Xin was somewhat amused and exasperated: "No one said it wouldn't work, but President Yu himself said that he devotes a lot of energy to car manufacturing. Moreover, the key issue is how to invest."

Cai Haoyu said with a nonchalant tone: "You are a big organization, and you have high standards. I think it's good enough if we can make money steadily. As for the allocation of energy, Carbon Silicon Data Company is not his achievement alone. Take the development of that important technical algorithm, for example. A lot of credit goes to the talents from Baidu."

He continued, "Look at Liu Bang and Zhu Yuanzhang, they were both talented enough to conquer the world. I think the talent of a single school is about the same for the mobile internet."

Cai Haoyu refers to the entrepreneurial team of Yu Xing, Zhong Zhiling, and Lü Haiying, who all graduated from the same school.

Since Zhong Zhiling and Lü Haiying transferred from Baixiaosheng to Carbon Silicon Data Company, their reputation as "talented individuals from one university" has spread widely in the industry.

Zhang Suyang couldn't help but laugh and said, "President Cai, I think you have even more confidence than President Yu."

“Mr. Yu is involved in the situation and can’t give a 100% guarantee, but looking at his setup—with Carbon Silicon Data Company, MUS’s overseas ventures, and investor support—I’m very willing to give it a try.” Cai Haoyu stood up and said, “I won’t say anything else, I’ll just say one thing: Zhejiang Investment Group will follow Mr. Yu’s lead!”

He stormed off, leaving three well-known investors looking at each other in bewilderment.

The atmosphere in the meeting room froze for a moment.

"I didn't say I wouldn't invest, it just depends on how I invest." Zhang Suyang shook his head slightly. "President Cai is certainly eager."

“Yes, yes, Mr. Cai is so enthusiastic.” Hu Xubo of Qiming Venture Partners echoed this as he stood up.

Seeing his movements, Zhang Suyang asked in surprise, "Mr. Hu, where are you going?"

"I'll discuss it with the company to see how much funding we can use and how much more we can allocate," Hu Xubo said earnestly. "I'm worried that President Yu might need too much, and then we won't have enough."

Zhang Suyang: "..."

He watched the man leave the meeting room, feeling both amused and helpless.

Zhang Suyang took a sip of tea, looked at the composed Xu Xin, and smiled, "President Xu, that's why you're called a top investor. Your composure alone is admirable. If possible, we should still let Carbon Silicon Data inject more funds into the subsidiary. That would be more prudent."

Xu Xin nodded slightly, glanced at the composed Zhang Suyang, and knew that IDG had an advantage in Lingang, as evidenced by the fact that Mus's financing only involved IDG and Breyer Capital.

She picked up her phone and casually sent a WeChat message to President Yu. After seeing his reply, she felt relieved and was more in the mood to chat and laugh with Zhang Suyang in the conference room.

……

In the meeting room, Yu Xing had already put forward his idea of ​​imitating the organizational form of Mus and making full use of social funds and carbon silicon data technology resources, which can be regarded as a compromise to some extent with the two opinions at present.

Short videos are important, so let's go all out to make them.

If you don't have enough money, then borrow money from others.

He was listening to everyone's discussion when he suddenly noticed a WeChat message from Xu Xin on his phone. He clicked on it and smiled knowingly.

Xu Xin: If necessary, I'll sell JD.com to support you.

Yu Xing recalled that Xu Xin had previously emphasized her long-term holding of JD.com stock, and he was indeed a little flattered that she would make such a statement.

During a break in the discussion, he reiterated the unanimous support from investors: "Our old friends, IDG, Capital Today, Qiming Venture Partners, and Zhejiang Investment Group, have all confirmed their support for us, which is an extremely favorable condition."

Lü Haiying asked with a smile, "Doesn't the Red Falcon support it?"

Yu Xing glanced at his junior sister and simply said, "Red Falcon supports you."

He continued, "But putting aside their relationship as old friends, they are investors. The fact that these investors were able to reach a consensus in such a short time means that more investors like them should also believe that Carbon Silicon Data is going to make short videos. This is a more favorable condition."

“I see that everyone has both satisfaction and dissatisfaction, but there is no doubt that this subsidiary will be acquired by Silicon Carbon Data once it reaches a certain scale. Our first priority is to succeed. Only after we succeed can we talk about other things.”

"We don't know how other companies will view Mus's attempt, or we need to seize this window of opportunity for fair competition as much as possible."

So, who is willing to do this project?

Yu Xing finalized the operational model for the domestic project and then moved directly to the issue of the project team.

Many people's attention was drawn to Lu Haiying, who returned from Singapore late last night.

Since the goal is to use a lion to hunt a rabbit, it is naturally more suitable for Lü Haiying, who has relevant experience. The only concern is whether MusVid, which has a good momentum of development, can maintain stability after such adjustments.

“I’m willing to work on the domestic market.” Lü Haiying said without hesitation. Her second point was about Mus: “Mus is currently focusing on the US market. In the first half of the year, I negotiated music copyrights with Warner and Apple. Of course, a large part of this was thanks to the help of overseas shareholder Breyer Capital. What I’m trying to say is that we’ve already secured copyright cooperation for projects like music short videos, and we’re also able to buy traffic from Facebook relatively stably. Their future work is also quite stable.”

"At the same time, because of the vertical segmentation of music short videos, there is not as fierce competition as in China for creating all types of content." "Therefore, based on this situation, it is more appropriate for me to return to China to develop a new app."

Yu Xing didn't speak, nor did Zhong Zhiling, but the others, out of normal work performance, voiced their approval of Lü Haiying's self-recommendation.

“The competition in the domestic market might be fiercer, but we have a warm start in China, which is much better,” Yu Xing said, making his stance clear. “In that case, we will try our best to make WiFi Master Key play its final role. Perhaps by the second half of next year, we can find a good buyer for it. This money can be used as part of the funding for the acquisition of the subsidiary.”

WiFi Master Key consistently ranks high on the tool charts of major app stores, and it enjoys significant user traffic.

This traffic was originally intended for conversion into short videos, but now it needs to be activated in advance, which also means that it will fetch a very good price when it is sold.

If short videos can take off, WiFi Master Key, as a traffic-driving tool and one of the sources of traffic, will have great potential.

The executives in the conference room all knew about the internal plans for Master Key, but such planned exploitation was truly... consistent with the past. Guiai.com, where President Yu first started his business, was sold; Bijia.com, under Baixiaosheng, was sold; WeChat was sold in the spotlight; and even Ad Buster, in the software matrix, was sold...

Now it's finally WiFi Master Key's turn, which makes perfect sense.

In the meeting room, the investors' support was confirmed, the organizational structure was finalized, the main person in charge of the project was appointed, and even the source of funds for subsequent repurchase was considered, thus putting the project on the fast track.

Yu Xing, Zhong Zhiling, Zhai Yifei, Lü Haiying, and Yang Zhenyuan took turns naming names and also discussed the problems MusVid encountered in its overseas development, stating that they would use these experiences to create better domestic software.

At 8 p.m., the two-day intensive meeting finally came to an end, establishing the strategic direction of carbon silicon data after careful consideration of the situation.

When Yu Xing went to the cafeteria, he asked his secretary and learned that the investors had already eaten, and that Xu Xin, Cai Haoyu, and Hu Xubo had temporarily left Lingang. So, he decided to have a simple dinner with his colleagues.

However, he received a call from Liu Wanying as soon as he entered the cafeteria.

"Keep a copy for me." Yu Xing smiled at his colleagues. "I'm going out to make a call."

Zhong Zhiling and Lü Haiying both guessed who it was, while the others were a couple of beats slower.

Zhong Zhiling generously shared his experience: "You have to look at the smile. Xing Ge usually fakes a smile, but this time the smile is natural. That means it's President Liu calling."

"What are you saying?" Lu Haiying corrected. "Senior brother's smile is usually very natural, but it's more natural when he answers Sister Ying's call."

Zhong Zhiling: "..."

Yu Xing, as was his habit, walked several extra steps outside the cafeteria to avoid being overheard by others, lest something go wrong unintentionally.

Kobe is planning a "review" of Kobe Steel to ensure that its initiatives targeting the automotive industry are effectively implemented.

Liu Wanying casually asked a few questions about Yu Xing's situation, and then brought up a strange thing that happened today: "Isn't President Xu Xin in Lingang? She sent me a WeChat message asking me about her, and even asked me to play mahjong when we're free."

"Hmm? Inviting you to play mahjong? Uh..." Yu Xing's thoughts shifted, but he didn't quite grasp the point. "She's probably quite free in the meeting room. She's already gone home and won't come back until tomorrow. All of them seem quite willing this time."

Liu Wanying asked, "What about your binding?"

"As for the subsidiary, I'm a little embarrassed to tie it to Silicon Carbon Group. It's up to them. They can try to get some funding, or they can consider other venture capital firms. I didn't really want to put my energy into this." Yu Xing said, then had a new idea. "Or, we could ask them to help contact other institutions and pool our money. That would save us a lot of trouble."

Liu Wanying smiled and said, "President Xu didn't have many opinions this time either? She's a very opinionated person."

“This time we need them to invest money, and we are also giving them the opportunity to invest money,” Yu Xing said. “By the way, President Xu also told me that he is willing to sell JD.com shares to raise money.”

Liu Wanying was stunned upon hearing this: "Then...then she really believes you, even more than I do."

Yu Xing joked, "Right? I was thinking about whether we could have Guo Shanfeng take them along. We have Kobe Steel right now, don't we?"

Even though Liu Wanying knew it was a joke, she still said, "That won't do. It's too close, too obvious. Besides, the Japanese financial market is conservative, and they're not experienced enough. If they come, they might not be able to leave."

"Then we'll wait for President Liu to come back and teach us his tricks when we play mahjong," Yu Xing said with a smile.

Thinking of President Xu's hometown, Liu Wanying said, "She must be really good at mahjong, while I'm just average."

Yu Xing's phone call lasted a long time.

By the time he put down his phone, he felt his hunger had subsided.

Yu Xing did not go to the cafeteria immediately. While looking at the remaining public opinion on Weibo on his phone, he pondered how to respond.

Lingang has remained silent for two days, while trending posts on Baixiaosheng continue to emerge.

This incident, coming out in this form, has indeed impacted the strategy of Silicon Carbon Data and has also led many people to question Yu Xing.

Yu Xing has maintained a very positive public image since his debut. Whether it's his persistence as a public figure, his realization of his WeChat stock options, his performance on TV shows, or his reputation for business tactics, he has unknowingly become a top-tier figure in the public's mind.

This time it just fell short.

Yu Xing glanced at some of the negative comments, but his emotions didn't fluctuate much. He found it amusing to think about the existence of the mountain peak.

He looked up at the moon in the sky and finally updated his long-dormant Weibo account, responding to the incident with a single sentence.

Life is full of divergent paths, some leading north and some south; you head towards Hunan, while I head towards Qin.

Following the response from the head of Silicon Carbon Data, Silicon Carbon Data also confirmed the existence of Mus in the WeChat Moments of Baixiaosheng and executives. However, instead of showing an aggressive stance, they gently stated that it was just an investment attempt.

According to Zhong Zhiling, this is like a tiger acting as if it's sick. There's no need to start by shouting for a fight. The domestic market won't have an inherent advantage just because Mus has already made its initial foray into the US market. It still needs to be built up little by little.

At the same time, he told Baixiaosheng that he would not pursue the impact of the former employee's revelations, citing the leader's statement as the reason.

However, coincidentally, this response, which seemed to be directed at departing employees and also at the different business direction of Penguin, also prompted Liu Chiping to take action.

Liu Chiping posted on his WeChat Moments: "This hatred will last forever."

He seemed to regret posting it, deleting the post just two minutes later. Unfortunately, someone had already taken a screenshot. Regardless of the reason for posting it, it has been interpreted as a public interaction between the two regarding this matter.

(End of this chapter)