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

Chapter 526, 525: "Either they're a top-tier angel investor, and you're just a risk control professional."

After the meeting in the afternoon, Bai Ou led the three of them back to the hotel, and they went about their own business that evening.

Yang Xue said this was her first time in Shenzhen. If she didn't have any plans for the evening, she wanted to go shopping, while Yan Zhaotao went to see his old classmates.

"Go ahead, come back on time, and be careful," Bai Ou said, keeping a close eye on you.

"Mr. Bai, what about you?" Yang Xue asked.

"I need to look at some documents. After I finish things here, I need to go to Hong Kong," Bai Ou replied.

"Then I'll stay?" Yang Xue quickly said.

It seems a bit unreasonable for a leader to go shopping while he's on duty.

"No need, you do your thing. Come back soon and be careful!"

"Thank you, Mr. Bai." Yang Xue was very happy.

Yan Zhaotao certainly wouldn't offer to stay and work overtime, and besides, it wouldn't be convenient for him to go to her room alone at night, given that she was a young married woman.

My classmate has already made plans.

After leaving the hotel, Yan Zhaotao took a taxi straight to Yuehaimen. There was a tavern nearby called "Little Girl in Charge" where the two met.

He rushed into the tavern and saw a middle-aged man smiling and waving at him. It was his old classmate Duan Ming, so he sat down opposite him.

A pot of old wine, a few dishes of side dishes—we're all old classmates, no need for any pomp and circumstance.

After a few drinks, the two started chatting.

"How did your company's investment talks in Shenzhen go?" Duan Ming asked.

"What's there to talk about?" Yan Zhaotao picked up a peanut and said, "The first round of financing agreement signed between our company and Dajiang clearly stipulates that each round of financing must ensure that Tuofang Technology's 10% shareholding remains unchanged, so everyone knows exactly how much capital to invest."

"Look at the representatives from Sequoia China, Temasek, Macquarie, and Matrix Partners, arguing endlessly over market share. What's the difference between them and the aunties at the vegetable market?"

After Yan Zhaotao finished speaking, he began chewing on peanuts.

"Sigh, for a small company like mine, we don't even have the chance to argue," Duan Ming sighed.

"Why didn't you invest back then when Dajiang Company was starting up and we were desperately looking for money? You would have made a fortune every time you invested," Yan Zhaotao said.

"Of course it's amazing. How would I know it would develop so rapidly and become the leader in the drone industry? Besides, seven or eight years ago, did you even hear about drones? You probably hadn't," Duan Ming retorted.

"So it just goes to show that people have different perspectives," Yan Zhaotao said with a smile. "When I joined Tuofang Technology, I studied the investments they've made over the past few years and discovered a very interesting phenomenon."

"What phenomenon?"

"Of the companies they invested in, only the natural gas company in Nanxin was profitable from the start; the others didn't seem to have any future at the beginning."

"Ele.me, who knew that a few college students started this food delivery platform and it has now grown into the largest food delivery company in the country, with a valuation of over six billion?"

"And then there's ByteDance, which is involved in information distribution. It's only been established for a little over a year, but its valuation reached 10 billion last year!"

"And then there's Dajiang. What's even more frightening is that, from my risk control perspective, investing in these companies is extremely risky, and we shouldn't invest in them at all!"

"But they invested and made a fortune!"

After saying that, Yan Zhaotao picked up his glass and drank it all in one gulp. "Hehe, now it's my turn to laugh at you." Duan Ming refilled the other man's glass and said, "Otherwise, he's a top angel investor, and you're just a risk control professional."

Yan Zhaotao shook his head and said nothing.

"Hey, Lao Yan, you're at Tuofang Technology. If they're planning to invest in any projects in the future, give me a heads-up so I can get involved too?" Duan Ming suddenly said.

“That won’t do.” Yan Zhaotao shook his head: “This is a company secret. Although we are old classmates, I have to have professional ethics.”

"Okay, okay, forget I said anything. Let's drink, let's drink." Duan Ming raised his glass.

While Yan Zhaotao was drinking and chatting with his old classmates, Bai Ou was video chatting with Fang Qingye in her hotel room, talking about the meeting that had taken place earlier that day.

"Ye Zi, once the financing agreement is reached today, the board of directors will be established tomorrow. There shouldn't be any problem for Tuofang Technology to have a seat."

It turns out that Dajiang Innovation currently does not have a board of directors at all!

Previously, besides Wang Tao and Lu Di holding a large portion of the shares, Tuofang Technology Investment acquired 10% of the shares. Since it was a financial investment and did not involve any specific company operations, the company did not establish a board of directors.

However, as the scale of the business grows larger and the share capital becomes more dispersed, it is necessary to operate in accordance with modern corporate management systems.

With a 10% stake in the company, Tuofang Technology, as the third largest shareholder, rightfully has a seat on the board of directors.

When Fang Qingye heard Bai Ou mention this, she said, "Then you can take on this role for now, and hand it over when the company finds a suitable candidate. Although Dajiang Company doesn't cause as much trouble as Ele.me, we still need to be involved in some of its major strategic decisions!"

"Ok."

Fang Qingye left some things unsaid.

DJI, in its later years, has achieved a dominant position in the consumer drone market, but its revenue in 2023 was only 500 billion RMB, which is still relatively low compared to some other unicorn companies.

Here's the fundamental problem: the consumer drone market is rather small.

Before her rebirth, Fang Qingye paid attention to information in this area. In 2023, the global market size for consumer drones was only US$55.06 billion.

We need to broaden our focus; we can't just concentrate on consumer drones. Look at the Goose and Goose wars.
Of course, it's only 2013 now, so it's a bit early to say these things.

The two chatted for a while, when Bai Ou suddenly remembered something: "Ye Zi, my second uncle sent me another supplementary document about the county's investment promotion efforts. The incentives here are even greater."

It turned out that Fang Jianhua had told the county's main leaders about the matter. So, in order to facilitate the establishment of DJI's production base in Nanxin, an emergency meeting was held to discuss and increase the preferential conditions.

The original policy of tax exemption for two years, half tax collection in the third year, and normal tax collection after five years has been changed to tax exemption for three years, half tax collection in the fourth year, and so on until the sixth year.

The industrial park has "six connections" (connectivity, infrastructure, and utilities), and newly constructed projects within the industrial park are provided with 30 years of free land use rights based on their investment scale and project nature.
"If this were a matter of relations between countries, I reckon some people would condemn these preferential conditions as treason," Bai Ou said with a smile.

"There's no other way. Everyone's using the same investment promotion strategies, so it'll be troublesome if they don't deliver on their promises when they arrive," Fang Qingye said.

"No, after all, I have your second uncle and you," Bai Ou said.

"Ah."

Fang Qingye is still reassured.

It's 2013 now, not 2023. By then, the government will have tightened its policies on attracting investment to various regions and imposed stricter controls on land. Methods like arbitrarily reducing or exempting taxes will no longer be possible.

Let's get it in first.

(End of this chapter)