What's wrong with me being a rich man?

Chapter 493 Different

Yu Xing got an erection.

His previously somewhat tarnished reputation has been polished back to its former glory.

The mobile internet is developing rapidly, and smartphones have been hailed as an extension of human limbs, which has led to the rapid expansion of the entire market. The "super app" that was once formally defined by Alibaba's Jack Ma seems to have become obsolete the moment it was launched.

A large number of apps, including WeChat, Wechat, Weibo, UC, iQiyi, Meitu, and NetEase News, have successively surpassed the threshold of 100 million users and continue to grow exponentially.

The battle between WeChat and WeChat, orchestrated by Yu Xing when the mobile internet was just emerging, is still a topic of conversation today. Carbon Silicon Data's software matrix has also developed well. However, whether it can succeed in direct competition in opening up new fields today remains to be seen.

At least for the institutions that came to Lingang to make contact, this is something that needs to be explored and investigated. They are also very clear about the reasons why Carbon Silicon Data adopts the method of financing its subsidiaries for development. It is simply to use external funds to counter the investment of giants.

Given this, the question of whether or not to invest, and the degree of control over the investment process, are all worth discussing and striving for.

Du Yuchen raised a question, half-jokingly, and the other four readily agreed to remain on the sidelines. However, like waves meeting reefs, Yu Xing made their communication simpler and more direct.

With Silicon Carbon Data making its initial foray into overseas markets using MusVid, and with Tencent exhibiting strategic shifts in its short video development strategy, the opportunity presented by him and Lingang may well rival the golden opportunity offered by WeChat.

If you don't vote, plenty of others will.

It's not that I rely on you, it's that you rely on me.

Even if Lü Haiying could express a similar meaning, the same words would carry a different weight when spoken by Yu Xing.

The investors' eyes have become clearer, and their attitude has become gentler.

The communication between the two parties returned more to the project and competition itself, which is exactly what Lü Haiying and Zhong Zhiling are good at.

Near the end of the meeting, after asking several key questions, Zeng Jia from Temasek raised a question about Silicon Carbon Data: "Mr. Yu, I understand the significance of Silicon Carbon Data in terms of human resources, but isn't this shareholding too high?"

IDG and Capital Today previously raised $3 million for a 30% stake, meaning that Carbon Silicon Data Company holds 70% of the $10 billion valuation. Even though the team and technical resources represented by Lü Haiying are from Lingang, it still seems somewhat unbalanced.

“President Zeng, asking this question shows you don’t understand,” Yu Xing said, then added, “President Zeng, do you mind if I’m being so direct?”

Before Zeng Jia could speak, Du Yuchen, who had been "directly" confronted before, seemingly nonchalantly agreed: "President Yu, let's just speak our minds. I like your way of communicating."

Zeng Jia glanced at Du Yuchen and nodded with a smile.

"The Latest Hot Topics app is currently the best-performing advertising conversion project in China," Yu Xing stated succinctly. "Behind this lies the core capability of Carbon Silicon Data Company: using efficient recommendation algorithms to match people with information."

"Secondly, the traffic matrix of carbon silicon data can bring efficient user growth to Douyin, and this efficient user growth, combined with an efficient recommendation algorithm, will lead to efficient monetization."

Efficient algorithms, efficient growth, and efficient commercialization.

Yu Xing calculated three efficient methods to explain the importance of the carbon silicon data company behind it.

He looked at the five investors in front of him and found that their expressions revealed nothing. He had no choice but to ask, "Mr. Zeng, do you understand?"

Zeng Jia hesitated for a moment, then heard Du Yuchen's understanding voice from beside her, so she nodded and said, "President Yu, I understand."

Yu Xing nodded: "The three highly efficient interactions, done by Silicon Carbon Data, are different from other companies. This gives us enough confidence, even when facing Tencent."

Douyin has just received investment and is not in a hurry to get more money now.

Even without the support of Guoshanfeng, Yu Xing didn't need to rush. He concluded by saying, "The rise of short videos will bring huge market benefits, which Tencent won't share. And whether it's Alibaba or Baidu later, they won't share either. To be honest, if Carbon Silicon Data is already powerful enough, we probably won't share either. So, this is actually a good opportunity." He added, "You can wait and see how the market develops. We plan to need some funding after the Spring Festival, and we'll let you know then."

He finished the water in his glass, indicating that the meeting was over for the day.

When the five investors heard the message "go back and wait for notification," they felt a strange sense of shared experience. But... that's the truth. BAT (Baidu, Alibaba, Tencent) doesn't need external funding for such important projects. Even Weibo's "Miaopai" is funded by its own capital. There's also a decent company called Kuaishou, but compared to the high-profile approach in Lingang, it's much less attractive.

Lunch was provided in Lingang, but Yu Xing did not attend or accompany them, citing a meeting in the city that he had to attend.

Although no financing agreement was reached immediately, after half a day of contact, they had gotten a little closer to each other.

While eating at the carbon silicon cafeteria, Zeng Jia couldn't help but complain to Zhong Zhiling next to him, "President Yu really has a lot of style. Did he really go to the city?"

Hearing this blunt question, Zhong Zhiling smiled and replied, "President Zeng, how am I supposed to answer you?"

Zeng Jia shook his head: "Is it because President Yu sees that we haven't invested any money yet that he simply doesn't invite us out to dinner? Is it only when President Xiong and President Xu come that President Yu will join us?"

"President Xiong and President Xu also eat in the cafeteria, President Zeng, don't misunderstand." Lu Haiying said with a smile, "Well, if Temasek invests in the silicon carbon group, President Yu will probably be able to rush back from the city immediately."

Zeng Jia took a sip of soup and laughed, "Never mind, the food in your cafeteria is alright."

The five investors, reflecting on today's communication, are now more optimistic about Lingang's prospects in competing.

However, Yu Xingzhen wasn't just making excuses for these people; he really did go to the city for a meeting to discuss new energy.

It wasn't until 4 p.m. that he returned from the city to Lingang. He was thinking about the policy support for the launch of new cars next year when his phone received the number of Li Bin, the boss of Yiche.com, whom he had visited before.

"Mr. Yu, I heard you're going to hold a press conference next February?" Li Bin asked after a brief exchange of pleasantries.

Yu Xing gave an affirmative answer: "Yes, it will be opened after we return from the Spring Festival."

Li Bin immediately said excitedly, "President Yu, then I'll shamelessly ask for an invitation. We can't miss this grand event for new energy in our country."

"This is hardly a grand event; we are just nervously accepting the test of the market," Yu Xing said sincerely. He added, "But since President Li is willing to come and show his support, I, on behalf of the Silicon Carbon Group, warmly welcome him."

Li Bin smiled and said, "President Yu, then see you after the holiday. I wish you a happy new year in advance and great success for our silicon car next year."

Yu Xing felt that this "early years" was really early.

However, Li Bin wasn't the only one willing to offer early New Year's greetings. Yu Xing's exchange with Liu Chiping on Weibo revealed the progress of the launch of the new car by the Silicon Carbon Group, which attracted the interest of a group of people in the domestic automotive industry.

Li Bin was the most enthusiastic about new energy, and was the first to call.

Two days after that phone call, Yu Xing received a series of "New Year's greeting appointments" from a group of people, including He Xiaopeng, who wanted to come and see the launch of the new car from the Silicon Carbon Group, and he naturally welcomed them warmly.

Of course, in addition to those willing to enter the field and those already involved, companies like LeEco also expressed interest in coming to support them.

The launch of the new car by Silicon Carbon Group was not intended to create a buzz in the industry; they were only focused on how to meet the needs of potential users. However, the attention it attracted after the news broke exceeded Yu Xing's expectations.

Hu Zhengnan noticed his boss's surprise and used two words to point out the difference in this new car launch in Lingang: "Independent".

Although the product positioning of the Silicon Carbon Group has not been widely publicized, it is clear in the industry that it is aiming at the mid-to-high-end market. This is not only about new energy vehicles, but also a breakthrough for domestic independent brands.

(End of this chapter)