I'm in the county town, and you say I'm a big shot?

Chapter 480 Agreement on Concerted Action
"This round of financing of 2 million yuan will account for 16.6% of our company's total valuation, which means that 16.6% of the shares will be transferred to these companies. This is the Series A financing. In the future, the founding team will hold less and less shares, which will not be conducive to our control over the company."

Fang Qingye said, "Therefore, I will sign a voting rights delegation or concerted action agreement! Founding shareholders and investors can sign concerted action agreements to increase the voting power of the core founding shareholders, that is, us! When disagreements arise, other shareholders will follow the voting instructions of the concerted action parties!"

"We will sign agreements with all five companies that have come to invest this time! And for future investment institutions, if they are unwilling to sign, then they shouldn't invest!"

This one
This was the first time Zhang Yimin had seen Fang Qingye speak with such a strong tone.

Of course, he had no objection to this.

"Furthermore, as the chairman, I have veto power, so you don't need to worry. ByteDance will be firmly under our control," Fang Qingye said with a smile.

The resolution passed without a doubt, and the next step was to discuss financing. Everyone communicated via email and there were no objections.

After the meeting was approved, Fang Qingye, representing ByteDance, discussed specific investment matters with representatives of several companies. According to Fang Qingye's plan, this Series A investment would involve a total of 5 companies, with each company receiving 4000 million yuan.

Do you think it's a bit too little?
Let's wait for Series B then. Series B funding will definitely require more capital.

On November 13, Fang Qingye, representing ByteDance, signed Series A investment agreements with five companies, which was met with enthusiastic applause.

After the meeting, Fang Qingye, on behalf of ByteDance, hosted a banquet at his hotel to entertain representatives of the various investment institutions who participated in the signing of the contracts, and to express his congratulations.

Of course, I'm not good at drinking, so I leave the toasting to my secretary, Hu Lingling, and I just drink a little as a symbolic gesture.

Fang Qingye was still thinking about something.

"Yi Min, according to the financing plan, half of these two hundred million yuan will be invested in purchasing equipment, especially the chips needed for computing power. How do you plan to solve this?" Qingye asked at the table.

"What...what chip?"

Seeing Zhang Yimin's flushed face and blurry eyes, you could tell he was drunk.

At this moment, Liang Rubo, who was standing next to him, chimed in: "Chairman Fang, you've had too much to drink, so let me answer this question."

"I discussed this with Yimin and the company's algorithm engineers, and we decided to use NVIDIA's CUDA architecture-based GK104 and GK110 chips this time. CUDA is a parallel computing architecture. As a technology that supports both hardware and software, CUDA can utilize multiple computing cores in a graphics processing unit."

Liang Rubo went on and on, making Fang Qingye feel a little dizzy.

However, I listened patiently to him until the end, and finally asked, "What about procurement? How do you plan to procure them?"

"It's mainly to Tsinghua Unigroup, who are the distributors for Nvidia's chips."

"Oh, did you talk about it?"

“We’ve made contact, but they were rather arrogant. The GK104 and GK110 chips are Nvidia’s latest generation chips, and they’re in high demand. ByteDance is just a small company, so we have to wait in line, and we won’t have a price advantage,” Liang Rubo said with a wry smile.

"Oh," Fang Qingye said thoughtfully.

"Okay, don't rush to find them yet. Let me think of a way," Fang Qingye said.

you?
I haven't heard that you have a close relationship with any chip purchasers.

However, since the other party was the chairman, even though he had some doubts, he could only nod.

Fang Qingye booked a plane ticket for the afternoon of the next day, planning to go directly back to Nanxin with Deng Hui and the others. However, he also needed to go to ByteDance in the morning to talk to Zhang Yimin about something.

The company also provided him with an office, but he rarely uses it and now sits in his own room.

"Chairman Fang, General Manager Zhang probably drank a bit too much yesterday, so he might be a little late for work today." The person speaking to him was Meng Ting, the director of the company's administrative office.

He graduated from Minzu University of China and is very young.

ByteDance employees are very young, with an average age of only 25.

Seeing the girl's cautious manner, Fang Qingye smiled and said, "It's alright, I'll wait for him. You go ahead with your work. Where's Liang Rubo?"

"They haven't arrived yet."

Ha. These two guys look like they've had too much to drink.

"General Manager Wang is here, he's having a meeting with the finance department staff," Meng Ting quickly added. "Should we have him come over?"
"You can go ahead and not disturb his work." "Okay, you can have some tea."

The girl then left.

Fang Qingye sat in her office for a while. Everything inside was new, and there was a computer. Fang Qingye was a little bored. Just as she turned on the computer, she heard a knock on the door.

"Please come in."

The door opened, and Zhang Yimin and Liang Rubo hurried in.

These two came together?
Oh. It seems they're not married yet, but I heard they rent apartments together.

"Chairman Fang, I'm really sorry, I drank a bit too much last night," Zhang Yimin apologized.

"It's alright, please sit down. Let me make you a cup of tea?" Fang Qingye greeted them with a smile.

The three sat on the sofa. Without Fang Qingye lifting a finger, an employee came in, took the two people's water cups, and then closed the door.

"Chairman Fang, I heard from Ru Bo, do you have a way to purchase chips?" Zhang Yimin asked impatiently.

Fang Qingye nodded: "I have a friend who owns a trading company called Bangcheng International. It's quite large and imports everything from grains to electronic equipment to chips. I'd like to contact him to see if he can help me purchase the chips my company needs and if he can offer me a discount."

After saying that, Fang Qingye checked the time and it was already nine o'clock in the morning. It wasn't appropriate to make a call too early, so she took out her phone and dialed a number, naturally calling Qiao Yongfeng.

The call was answered quickly.

"Brother Qiao, good morning. Are you in Huijing?"

"Oh? You went to America again? You must be very busy. I'm in Yanjing and I need your help."

Fang Qingye briefly explained that he had come to Yanjing to participate in ByteDance's financing and that the company urgently needed to purchase a large number of chips.

Then, Qiao Yongfeng said on the other end of the phone, "Nvidia? My company has done business with Nvidia before. How about you contact my company's subsidiary in Yanjing first to understand your company's needs, and then we can discuss it further? I'll have my branch manager contact you directly."

"No, I'll go back to Nanxin this afternoon and contact my company's CEO. I'll give you his phone number," Fang Qingye said with a smile.

"Haha. You little rascal, you're going to shirk your responsibilities again. Fine! Let them talk first."

"Brother Qiao, you have to give us a discount. We finally managed to get some funding, so we have to be careful with it," Fang Qingye joked.

"Look at what you're saying. What kind of relationship do we have? Just because you saved me a lot of money on Meidou, I'll definitely give you a discount!"

"Brother Qiao, let me give you a suggestion."

"You said."

“Nvidia has now risen to prominence, surpassing Intel and AMD, and will likely leave others in the dust in the future. I estimate that the domestic demand for its chips will increase significantly. If you can get chips from Nvidia, you will definitely make a fortune,” Fang Qingye said.

"Okay, I will seriously consider your suggestion."

"I'll be relying on you for my future chips. Not only ByteDance, but also Tomorrow Cube and Ele.me need a lot of high-performance chips," Fang Qingye said.

"Judging from your tone, this deal is a sure thing."

"of course."

After exchanging a few jokes, Fang Qingye gave Zhang Yimin's phone number to Qiao Yongfeng before hanging up.

"I think Bangcheng International's branch in Yanjing will contact you soon. You should talk to them, and call me if you encounter any problems you can't solve," Fang Qingye said.

"Yes, Mr. Fang."

"OK, I'm leaving now. Thanks for your hard work, everyone." Fang Qingye said, leaving with a nonchalant air.

(End of this chapter)