"Mr. Zhou, this is our research and development and planning plan for MP3 business. You can take a look first."

The three of them sat down, Wu Qingdong went straight to the point, took out a document and handed it to Zhou Zhixiong.

Zhou Zhixiong took it and looked down.

Wu Qingdong continued to explain: "The plan is divided into three parts: R&D, production and post-sales. First, it is R&D. From the first MP3 launched in 1998 to today, it has been four years since the technology has been relatively mature.

The structure is not complicated, mainly consisting of memory, display, central processor, and digital signal processor.

Our company has accumulated a lot of R&D talents over the years, and the R&D is not very difficult. If the project is started, I am confident that I will be able to successfully develop within half a year.

Then there is production and post-sales. Hechuang has its own factory. As long as it can be developed, it is not a problem to put into production. The company has been established for nearly five years and has long established a complete sales channel in China, and the sales difficulty is not high.

With the hot sales momentum of iPod and the domestic market, I believe that the prospects of the MP3 business must be very considerable."

Wang Liu sat next to him and was immediately amused when he heard it. There is no problem with R&D, production and sales. It means you have been talking for a long time, which means you are short of money?

"I have also heard of the news that Apple's iPod is a great success. The market has been proven that if the research and development is successful, the prospects are indeed good. This is one of the reasons why I am interested in investment."

Zhou Zhixiong nodded slightly, put down his plan, looked at Wu Qingdong and said, "There are still a few more questions. Before making a decision, I hope Mr. Wu can help me answer it."

Wu Qingdong smiled and said, "No problem. If you have anything to ask, Mr. Zhou just ask."

"The first question, Mr. Wu just said that R&D, production and sales are not difficult. In other words, if other companies also like the MP3 market, they also want to get a share of the pie, and it is not difficult to develop?

The prospects of MP3 are pretty good, but if there are too many competitors, the expected profit will be greatly reduced. How can Mr. Wu ensure that he can maintain his own advantages among many competitors and ensure that his market share will not be divided too much?" Zhou Zhixiong looked at Wu Qingdong and said slowly.

Wang Liu blinked and thought to himself, "Good guy, is he using his spear to attack his shield. How can Wu Qingdong justify himself?"

Wu Qingdong was stunned for a moment, secretly had a headache, and a little regretful. If I had known that you had asked this, I wouldn't have been talking so much just now.

After a moment of thought, he laughed dryly: "Mr. Zhou asked this question very well. Indeed, it is not difficult to develop MP3, and this is the same for everyone. When the profit potential is revealed, more people will start to pour in, and it is inevitable that there will be competition among multiple companies in the future.

But some points are different. For example, when we take the lead in research and development and put into production first, we can seize the opportunity and go public first to seize the market. When others pour in, we have already occupied the market first.

When they develop the first generation of products, we can already develop the second generation. We can always be one step faster than them, maintain the generation gap, and at the same time establish our brand image. As long as we do not make decisions by ourselves, it will not be difficult to maintain our advantages."

Zhou Zhixiong smiled with satisfaction, but he didn't care at all. The purpose of his question was not to listen to Wu Qingdong's guarantee, but to simply show that he attaches great importance to investment and is just talking seriously.

So it doesn't matter how he answers. As long as he still talks about it, he can go down the road.

"It seems that Mr. Wu has already considered this point, so I feel relieved. The second question is, what is Hechuang's equity structure now? Which shareholders and which investors hold shares?"

Wu Qingdongdao: "Hechuang was jointly founded by me and two other partners Jiang Chengyu and Xu Youze. In the past few years, he has experienced two rounds of financing, including Dachen and Tongchuang.

The company's current major shareholders are our five companies, and some senior executives in the other companies also hold some shares."

Zhou Zhixiong nodded: "All of them are domestic investors, that is to say, Hechuang is following the domestic financing route and is preparing to go public in China in the future?"

There are generally two ways to go public, either at home or abroad.

In China, RMB financing is generally used as the main focus, and domestic financing channels are built. If you go abroad, the corresponding one is financing US dollars.

Dachen and Tongchuang knew that they were two domestic investment institutions, and the two rounds of financing were all domestic institutions, so they could basically be confirmed that they were preparing to go public in China in the future.

Wu Qingdong nodded and said, "That's right, that's what we plan."

really!

That's good... Zhou Zhixiong breathed a sigh of relief. After all, it was beyond the reach of foreign countries, but if it was listed in China, it would be much easier for them to get stuck.

"The third question is, what is your valuation of Hechuang? How many shares are you planning to sell and how much funds will you get?"

Wu Qingdong said seriously: "Last time, when Tongchuang Investment last year, we were valued at RMB 800 million. This year, the company's performance has increased a lot, up nearly 30% compared with last year. The current valuation is worth at least 1 billion.

This time we are preparing to raise 100 million yuan and sell 9.09% of the equity.

This is our company's detailed performance information. We can fully afford this valuation. If Mr. Zhou is worried, he can take a look first."

As he said that, he took out a piece of information and handed it to Zhou Zhixiong.

There is a misunderstanding in investment: a valuation of one billion yuan, an investment of one hundred million yuan, accounting for 10% of the shares, which looks quite reasonable, but in fact it is very unreasonable. A valuation of one billion yuan, and the total share capital becomes 1.1 billion yuan. When calculating the ratio, the denominator to be divided should also be eleven, not ten, so the shares occupied are 9.09%, not 10%.

What I do is invest. Zhou Zhixiong still understands this common sense. After taking the information, he nodded slightly and said, "The valuation is reasonable, and it is no problem to invest 100 million, but I have a condition. If Mr. Wu agrees, I can accept this investment."

Wu Qingdong said calmly: "What conditions are you going to say, Mr. Zhou."

"In Business and Business, our only goal of investing is to make money. The valuation you gave, Mr. Wu, is my premise that Hechuang Energy can develop.

Only when the Hochuang succeeds can I make money. If I can't develop, I will lose money. The current valuation will be very unreasonable and should be adjusted.

So, I only have one condition. If I want me to invest, Mr. Wu has to sign a bet agreement with me." Zhou Zhixiong looked at him and said solemnly.

Wang ** God was excited. After so long, the mediocre scene finally came.

Wu Qingdong frowned and looked a little solemn. Gambling is risky, and the same goes for betting. It’s okay if you win, but if you lose, it will be troublesome.

Although I don’t know what Zhou Zhixiong wants to bet specifically, I can think of it without guessing it, and it will definitely not be too easy.

However, it is also understandable that investment is not charity, profit is the first priority, and it is normal to use betting to ensure your own profits. Most startups have basically faced betting agreements when raising funds.

Moreover, he is short of money now and is seeking financing from Zhou Zhixiong. The initiative is not with him, and he has no choice.

Wu Qingdong pondered for a moment and said, "What kind of gambling Mr. Zhou wants? Can I listen first?"
Chapter completed!