I can become stronger by paying salaries. I have one billion employees!

Chapter 508 Breaking the 7000 Billion Yuan Barrier! Zhou Hongyi: Chen Yansen is my closest friend!
The night sky was as dark as ink, with a crescent moon hanging high in the sky and the starlight dim.

Inside Villa No. 108 in Delta, the air was slightly cool with the arrival of autumn.

On the branches of the camphor trees in the courtyard, new leaves and old leaves overlap in layers, and a touch of ochre red is added to the lush green.

A gentle breeze rustled through the air.

Chen Yansen leaned back on the soft couch, casually browsing through netizens' comments.

"Does Qualcomm have any evidence? They're just making things up! I don't believe Tiangong Technology would infringe on your rights!"

"Objectively speaking, international telecommunications companies like Qualcomm hold a large number of fundamental patents in the baseband field, which makes it very difficult for Tiangong Technology to bypass them. Even if we use similar or upgraded modulation and demodulation and digital signal processing technologies, we may still encounter Qualcomm's patent barriers."

"Isn't Qualcomm using Tiangong Technology's Orange Z1 instruction set technology? Aren't they afraid Chen Yansen will terminate the cooperation?"

"Don't be naive, upstairs! They paid for it, so they can use it however they want during the contract period!"

"I've learned something new!"

"What's there to be afraid of! Tiangong Technology has already filed a lawsuit with the Shanghai Intellectual Property Court. Qualcomm's scrambling and multi-mode fusion technologies still infringe on our intellectual property rights."

"I heard that Senlian Capital is assembling an overseas legal team to file a countersuit against Qualcomm in the Western District Court of Texas!"

"Such a big conflict? Looks like I'll have to step in and mediate myself!"

Chen Yansen chuckled softly and tossed his phone aside.

It's just a lawsuit, who's afraid of who?

Since Paul Jacobs wanted to play, he decided to play along.

He wouldn't care even if he lost over a billion dollars, since he could still gain a substantial amount of humanitarian aid.

There are only three possible outcomes:

First, the two parties reached a settlement and agreed to cross-license patents.

Second, Qualcomm won the case, and Tiangong Technology paid compensation.
Third, Tiangong Technology won the case, and Qualcomm paid compensation.

The second and third scenarios are very likely to occur simultaneously.

"You don't seem worried at all?" Ye Qiuping grabbed a handful of fish food and threw it into the pond one by one, making the dozen or so fat koi fish anxiously run around in circles.

Even with their eyes closed, they can tell that the person feeding them today is definitely not their owner.

After all, Chen Yansen always fed them handful by handful, feeding them as much as they could, as long as they didn't die.

"There's no need to worry. Every year, there are at least 8,000 or 10,000 similar intellectual property disputes. It's either Qualcomm suing Apple and Sansung, or Sansung suing Nvidia, Qualcomm, and Eastcom."

Chen Yansen said dismissively.

Filing a lawsuit is merely an offensive tactic.

Neither side will willingly return to the negotiating table without first testing each other's limits.

"The sweet soup should be ready. Shall I get you a bowl?" Ye Qiuping nodded and then asked.

"Go ahead," Chen Yansen waved his hand and replied.

He was busy from morning till night today, without a single spare moment.

First, I was busy with the project launch meeting for Xingyuan Technology, and then I chatted with Xu Zhenhui for an afternoon.

Xucheng has abundant mineral resources and is a major power-exporting city in East China, with a very stable power supply.

Moreover, there are supporting enterprises such as machinery processing and electronic components here. Located in the Yangtze River Delta radiation area, it is convenient for supply chain collaboration.

Setting up a new energy vehicle factory in Xucheng is a good choice, given its favorable transportation, industrial base, and supporting potential, coupled with Xu Zhenhui's policy support.

In the early stages, the focus will be on R&D and small-batch trial and error. Once the industry ecosystem and supply chain mature, it will not be too late to build branch factories in Shanghai, Luzhou, Suzhou and other places.

"The best time to fully enter the new energy vehicle industry will be when the price of the first generation of Deep Blue batteries drops below $200 per kilowatt-hour."

Chen Yansen muttered to himself.

He then brought up the system panel and glanced at the Humanitarian Flame value.

There are a total of 641017 strands, which can be combined to form 64 strands of immortal cauldron.

"add a bit!"

With a thought, a purplish-black mist burst through the air and suddenly entered his brow.

The faint purple light that appeared on the surface of the pupils was intermittent, and after only three seconds, it all seeped into the depths of the eyes.

The Spirit stat has increased to 103.73!

Just then, Ye Qiuping walked over with a bowl of sweet soup.

Chen Yansen turned his head and saw that Master Ye was wearing a nurse's uniform and had glossy lip gloss on her lips.

Before the person even got close, a voice came over: "Boss, it's time to take your medicine."

……

……

The following morning, Huang Zheng announced Pinbei's stock code and listing date on platforms such as Toutiao, Mimo, Douyin, and Weibo: PINB, December 27th!
From the start of preparations to the official opening, it took nearly five months.

This speed isn't the fastest, but it's still considered quite fast.

Outsiders may not understand, but those in the financial industry know that the securities firms that Senlian Capital partners with are all financially powerful and have an amazing network of connections.

Five months means that Pinbei's prospectus is of high quality, has few compliance issues, and received few feedback responses from the Securities Exchange Association.

This also demonstrates that the market environment was favorable, and the roadshow, determination of the issue price, and listing proceeded extremely smoothly.

With an offering price of $40 per share, its market capitalization exceeds $880 billion!
At that time, Baidu's market value was only 197 billion US dollars.

Affected by the 'SB War', the market share of the search engine business has fallen below 40%. In addition, the food delivery, group buying and ride-hailing sectors have only seen declines and no growth. Compared with the peak in the first half of the year, the market value has evaporated by 105 billion US dollars.

Investors in North America even suspect that Robin Li is using the new business to siphon cash flow from Baidu.

The first reaction from Chinese netizens was that people overseas are really naive and have too much money.

Despite being a company founded 15 years ago and listed for 9 years, Tencent, with its two trump cards QQ and WeChat, plus e-commerce and online gaming businesses, has a market value of only 116 billion US dollars.

Pinbei, established only two years ago, has already achieved a market value of 880 billion US dollars simply by virtue of its status as the number one social e-commerce platform and the number two e-commerce platform in China?
Many people are puzzled and believe that Pinbei's value is inflated.

In reality, the five major underwriters, including Goldman Sachs, Credit Suisse, and Morgan Stanley, subscribed to the entire amount without much consideration.

Are Wall Street's financial tycoons and industry elites all idiots?
Obviously not.

As soon as the news broke, domestic media outlets widely reported on it.

"Pinbei's IPO is confirmed! It will raise $88 billion, setting a new record in the US market!"

"Pinbei's IPO creates a wealth myth: more than 6000 employees become rich overnight, and may become millionaires, multi-millionaires or even billionaires!"

"The world's richest man's first publicly traded company: from a college student in a startup park to an e-commerce giant worth $880 billion!"

"Pinbei is priced at $40 USD, with a valuation of $880 billion USD!"

Overseas media have also reported extensively on this.

The New York Financial Times headline read, "$88 billion fundraising needs test the size of the US market," while the Wall Street Journal headline read, "Pinbei is not the Chinese version of Amazon, the world's richest man's first capital show!"

网友则在评论区调侃：1拼呗=2.4千度=8个网易=10个360=26个搜狐！
It's unclear who first posted this formula, but it quickly went viral on Chinese social media. Upon seeing it, Li Yanhong narrowed his eyes, his face turning extremely grim, revealing an indescribable gloom.

Upon hearing the news, Ding Lei's heart sank, and he muttered under his breath, "Who did this? Was it necessary? Did they need to remind me?"

Zhou Hongyi was magnanimous, responding with self-deprecation: "Congratulations to my good brother Chen Yansen, I wish him a successful IPO! 360 is also working hard, and I hope everyone will support 360's mobile phones and software products."

Zhang Chaoyang hadn't paid any attention to this matter; he had been drinking at a bar until the early hours of the morning the night before and was still asleep.

With Pinduoduo's IPO plan now finalized, the happiest people are undoubtedly the company's employees.

From customer service, auditing, and operations to business development, finance, and legal affairs, everyone in every position was overjoyed.

One thousand stock options are equivalent to $40, ten thousand stock options are equivalent to $400, and one hundred thousand stock options are equivalent to $4 million.

Even excluding previously earned option rewards, as long as the annual trading volume target of 6000 billion is achieved, everyone will be able to share a 4 million US dollar option bonus pool.

Even customer service positions offer at least 500 shares, which translates to $2.

Back in my hometown, that would be enough for a down payment on a house.

For a time, the entire project team was full of energy, as if they had been injected with chicken blood.

Two days later, Huang Zheng finished his business trip and rushed back to Xucheng to oversee Pinbei's work in the fourth quarter.

At the same time, a company called Orange Automobile Co., Ltd. completed its registration.

Although it was kept quiet, it still couldn't escape the attention of those who were interested.

"Chen Yansen wants to build cars?"

"This guy must have been a reincarnation of the Taotie in his past life, he wants to get involved in every industry!"

"It's normal for them to enter the new energy vehicle industry, given that they have DeepBlue batteries."

The bosses of a group of traditional car companies couldn't help but gossip behind his back.

The only saving grace is that Chen Yansen did not choose to cooperate with other car companies, but decided to apply for car manufacturing qualifications independently, and even the layout of the production base workshop was still a blank.

In other words, it would be impossible for Orange Auto to go public and deliver vehicles in less than two or three years.

Orange is indeed a rival, but that's their future rival.

……

……

11月4日、5日和6日，余额宝收益一路走高，每万元的单日收益为1.53、1.57和1.62元，近7日年化收益率高达5.9%，只差0.1%就能突破6%。

More than a decade later, when ordinary people hear about a 5.9% overall return rate, they will most likely mistake it for P2P lending. But in 2013, it was a genuine money market fund.

As a result, the amount of funds in Yu'ebao has continued to rise.

It will reach 700 billion yuan for the first time on November 8th!

The scale of funds in WeChat's Lingqianbao and Alibaba's Yu'libao is also soaring, and the development of internet finance has entered an unprecedented fast track.

Meanwhile, with the support of Xunlei's "Crystal Project" and the supplementary support of OneCloud, OneCoin began to surge in price.

It was initially priced at 0.01 yuan, but in just eleven days it rose to 0.43 yuan, an increase of more than forty times.

Some people simply bought 100 yuan worth of WanKe coins and have now earned more than 4000 yuan.

Making money seems too easy!

Yu'ebao's returns have surged, the ChiNext index has risen by over 80%, and P2P lending platforms are emerging in large numbers.

Some people even borrow money to speculate on stocks, invest, or start businesses, fearing that if they are a step too slow, they will miss out on hundreds of thousands of dollars in profits.

Nobody thought there was anything wrong with it.

When someone around you buys a new car thanks to a market boom, or when someone starts a small business with online loans and recoups their investment in three months, when "missing the boat" is more anxiety-inducing than "losing your principal," rationality becomes a shackle that is ridiculed.

The rain is coming from the wind!
Chen Yansen stood in front of the floor-to-ceiling window in his office and sighed softly.

Starting a business is never that easy.

For ordinary people, the harder they try, the more miserable they become.

The Shanghai Intellectual Property Court, as well as the West and East District Courts of Dezhou, have accepted the parallel lawsuits filed by Tiangong and Qualcomm, and are currently in the evidence collection and scheduling stage.

Qualcomm applied to the court for pre-litigation injunctive relief, demanding that Tiangong Technology suspend the sale of Tiangong A100 chips.

Chen Yansen's legal team also did not tolerate Qualcomm's actions and applied for pre-litigation injunctive relief to prohibit Qualcomm from selling chip products suspected of infringing on its technology.

The two sides have completely broken off relations!

Qualcomm intended to threaten TSMC to cut off supplies to Tiangong Technology, but just as Paul Jacobs was about to call Morris Chang, he received a message.

Tiangong Technology signed OEM agreements with GlobalFoundries and United Microelectronics Corporation (UMC), gaining two more partners.

In other words, unless he can secure the support of the three contract manufacturers, even if Morris Chang agrees to interrupt Tiangong Technology's 28nm production capacity, GlobalFoundries and United Microelectronics Corporation can easily fill the gap.

He couldn't threaten Chen Yansen!

Instead, Chen Yansen announced that he planned to terminate the cooperation with Qualcomm and instead choose chips from MediaTek and Nvidia.

Paul Jacob was furious!

It's worth noting that Orange Technology's global shipments reached 9300 million units in an industry survey report just half a month ago, making it the world's third-largest mobile phone brand.

Qualcomm's revenue and stock price will also be affected if it loses Orange Technology's orders.

After pondering for a while, Paul Jacobs called his assistant over and gave him a few instructions. Then he snorted and said, "In China, there are countless mobile phone manufacturers that want to replace Orange Phone's market position. With Qualcomm's strength, can't it cultivate a second Orange Phone?"

after one day.

Lei Yijun, who was at Xiaomi's headquarters in Yanjing, received a call from the president of Qualcomm's Greater China region.

The call was brief, but it contained a great deal of information.

If Xiaomi is willing to forgo using the Aurora Future OS and the Tiangong A100 chip in its next flagship phone, Qualcomm will fully support Xiaomi and prioritize supplying Xiaomi with its latest chip products.

They also offered flexible terms for Xiaomi's patent royalties, which were more favorable than those of other manufacturers, reducing the cost of Xiaomi phones going global.

In addition, we can introduce Xiaomi to overseas carrier resources to help it optimize its supply chain and thus get rid of the restrictions imposed on Xiaomi's development by Tiangong Technology.

To be frank, Paul Jacobs offered very generous terms.

Lei Yijun knew that if Xiaomi could get on Qualcomm's high-speed train, Xiaomi's brand influence and overseas market landscape would undergo tremendous changes.

"Betrayal of Orange Technology, betrayal of Chen Yansen?"

Lei Yijun muttered to himself.

Chen Yansen is known in the industry for his vengeful nature. Is it really worth offending Orange Technology for Qualcomm's sake?
the other side.

Coincidentally, Zhou Hongyi also received a call from Wang Xiang, president of Qualcomm Greater China.

"Mr. Wang, don't you know that Chen Yansen is one of my closest friends!"

Zhou Hongyi frowned slightly and asked in return.

(End of this chapter)