Rebirth 08: Can a mobile game company also build a tech empire?

Chapter 129 New Products

Lin Bing followed behind, a smile on her face.

"Seventy-five billion, which is a little higher than the lower limit of our expectations. Mr. Xiong is indeed a man who can accomplish great things."

Lu Chen nodded.

"He knows we're worth the price and is willing to accept our terms. This kind of person is a truly worthwhile partner."

The subsequent pace of progress was astonishingly fast.

IDG's legal team and Journey Technology's legal team worked overtime overnight.

All the terms were finalized within three days.

On July 27, the two parties officially signed the investment agreement.

On July 31, the first payment of $7 million was deposited into Journey Communications' account.

Lu Chen looked at the bank's notification that the money had been deposited into his account.

A complex mix of emotions welled up inside me.

Thirty million US dollars, more than two hundred million RMB.

This amount of money is enough for ZhengTu Communications to go all out and make a big splash.

8 month 1 day.

In the conference room of ZhengTu Technology.

Outside the floor-to-ceiling windows, the bright summer sun shines over Hangzhou.

Lin Bing and Hong Feng sat together.

They were exchanging whispers.

Jiang Chang flipped through the notebook in his hand.

His eyes were filled with anticipation.

Xu Yi was the last to enter.

Holding a cup of coffee in my hand.

My dark circles are quite pronounced.

But he's in good spirits.

At nine o'clock sharp, Lu Chen pushed open the door and entered.

He walked to the head seat and sat down.

His gaze swept across everyone's face.

"I've called everyone here today to announce a few things."

Lu Chen got straight to the point, his tone calm.

"The first thing is that the financing has been finalized."

He gestured for Susie to turn on the projector.

A line of text appeared on the screen.

ZhengTu Communications has completed its Series A financing.

The estimated value is 7.5 billion RMB.

The financing amount is 750 million RMB.

There was a two-second silence in the conference room.

Then a gasp erupted.

"Seventy-five billion?!"

Jiang Chang jumped up from his chair.

"Am I seeing things? Seven billion?"

Xu Yi pushed up his glasses.

I leaned closer to the projection screen and took a closer look at those numbers.

Make sure you're not seeing things.

"Seven hundred million in cash? Mr. Lu, is this for real?"

Hong Feng remained calm.

But at this moment, he couldn't help but sit up straight.

His eyes flashed with surprise.

Lin Bing smiled.

I slowly took a sip of tea.

He already knew the outcome.

At this moment, I was mostly looking at the shocked expressions on my colleagues' faces.

"Sequoia? SoftBank? Or which one?"

Xu Yi asked impatiently.

IDG.

Lu Chen replied.

"Xiong Xiaoge came to negotiate in person. The talks lasted for three hours, and a valuation of 7.5 billion yuan was finally agreed upon, with 10% of the shares being sold."

IDG!

Xu Yi gasped.

As a seasoned professional in the internet industry.

He knew all too well the weight of that name.

"That IDG company that invested in Tencent, Baidu, and Sohu?"

"right."

Lu Chen nodded.

"And it was Xiong Xiaoge herself who took charge."

Jiang Chang was so excited that he paced back and forth in the conference room.

"750 million in cash! My God!"

We're about to take off!

Hong Feng watched him wander around and couldn't help but laugh.

"Jiang Chang, if you keep spinning like that, you'll wear the floor through."

"I can't control myself!"

Jiang Chang stopped and rubbed his face vigorously.

Xu Yi leaned back in his chair and let out a long sigh.

"Now Z-Dimensional can really go all out."

Lin Bing put down her teacup and added.

"The funds have already reached $30 million, and the remainder will be disbursed in installments."

He looked at Lu Chen.

"Mr. Lu, how should we use this money?"

Lu Chen stood up and walked to the projection screen.

"That's a good question, Mr. Lin. The money has arrived; the next question is how to spend it."

He pressed the remote control, and the screen changed to a different page.

The tablet computer immediately drew the attention of all four people.

"A tablet computer?"

Jiang Chang scratched his head.

"Mr. Lu, aren't there already tablet computers on the market now?"

He's right.

The concept of tablet computers already existed in 2009.

In 1989, GRiDPad was launched, pioneering the commercialization of tablet computers.

Microsoft introduced the concept of Tablet PC in 2000.

HP, Lenovo, and other manufacturers have all launched related products.

But those products are essentially still laptops with touchscreens.

Running Windows is bulky and expensive, and has a short battery life.

I'm talking about a real tablet computer.

Lu Chen spoke with certainty.

"Not a Windows tablet, but a purely touch-based mobile device."

He pressed the page-turning button.

A set of data appeared on the screen.

Conceptual design of core parameters for the Conqueror tablet.

屏幕：9.7英寸，1024×768解析度处理器：1GHz主频厚度：8.8毫米以内重量：700克以内电池续航：10小时连续视频播放系统：ZUI for Pad

"9.7 inches?"

Hong Feng stared at the screen, his brows slightly furrowed.

"This size is somewhere between a mobile phone and a laptop."

"right."

Lu Chen nodded.

"Larger than a mobile phone, suitable for watching videos, reading books, and playing games; smaller than a laptop, portable, and can be taken out and used anytime."

He walked to the whiteboard and picked up a pen.

"Think about it, current smartphones only have screens of about 3.5 inches. When watching videos or reading documents, the screen is too small, and the experience is not good enough."

"Laptops, although they have large screens, are slow to boot up, have short battery life, and are inconvenient to carry around."

"The blank area in the middle is where the tablet will be placed."

Lin Bing nodded thoughtfully.

"This positioning is quite interesting."

"That's not all."

Lu Chen continued.

"Tablets can be a home entertainment center, an educational tool, and a mobile office device for businesses."

"In the future, it will become a completely new category, positioned between mobile phones and computers, occupying a unique place."

Jiang Chang raised his hand and asked.

"Mr. Lu, what's the difference between this tablet you're talking about and a smartphone?"

"Isn't it just about enlarging the screen?"

"Completely different."

Lu Chen shook his head.

"A mobile phone is a mobile phone; its core function is communication. It's something you carry with you and use anytime."

"A tablet is a tablet; its core functions are entertainment and light office work, and it can be used at home, in the office, and while traveling."

"The two have completely different use cases and completely different experiences."

He paused, then added.

"Moreover, tablets have larger screens, allowing you to do many things that phones can't."

"For example, when reading an e-book, more content can be displayed on one page."

"For example, watching videos provides a better visual experience."

"For example, in games, there's more room for maneuver."

"For example, when drawing, you can use a stylus to create detailed drawings."

Hong Feng's eyes lit up.

"Use a stylus? Draw directly on the screen?"

"right."

Lu Chen nodded.

"In the future, we can develop a dedicated stylus that will allow users to write and draw on tablets."

"This will be a huge attraction for designers, students, and creative professionals."

Xu Yi had already begun taking notes rapidly in his notebook.

"If such a product really existed, Z-dimensional users would definitely love it."

5

"Videos, animations, and games offer completely different experiences on a big screen."