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Chapter 374 Jingdong: If you can’t beat it, join!(1/3)

Liu Yifeng knows very well that with the popularity of Xiaoai Audio, the concept of AI will definitely increase.

iFlytek's stock price will also rise. It is precisely because Xingyi Technology wants to invest that they proposed 2.2 billion. If it were another company, 2.5 billion would not be feasible.

There is no way, Xingyi Technology is developing rapidly, whoever invests, the stock price will double and skyrocket!

This temptation was too great, Liu Yifeng couldn't refuse at all, so he simply took a deep breath:

"President Song, we are willing to form a strategic cooperation with Xingyi Technology, and iFlytek is also willing to transfer 30% of the shares to Xingyi Technology. But at this price, 2 billion is too little..."

"Add another 100 million, 2.1 billion!" Song Sining said with a smile.

"make a deal!"

“A pleasure to work with!”

In case the night was too long, Song Sining and Liu Yifeng attended the board meeting in the afternoon.

In addition, we had already talked with iFlytek's board of directors for two days, and the communication was almost complete. Xingyi Technology added another 100 million, and most shareholders had no objections.

They also thought that with the investment of Xingyi Technology, iFlytek's stock price would skyrocket several times, and the shares in their hands would be more valuable by then!

Liu Yifeng looked around at the crowd: "If the board of directors votes and agrees to introduce Xingyi Technology Investment, please raise your hands."

"Whoa!"

"Whoa!"

Most people raised their hands.

"Okay, please put it down."

"If you object, please raise your hands."

This time, only three people raised their hands.

Liu Yifeng breathed a sigh of relief: "10:3, the vote passed!"

Subsequently, the two parties signed a contract and began to deal with follow-up matters.

Song Sining understood the principle of long nights and many dreams, so she immediately made a lightning push.

Xingyi Technology will acquire 30% of iFlytek's shares at a price of RMB 2.1 billion, becoming iFlytek's largest shareholder!

At four o'clock in the afternoon, JD.com Vice President Gong Shixian and his team personally dialed Liu Yifeng's phone number as soon as they landed in Feishi:

"Hello, Director Liu, I'm sorry to bother you. I am Gong Shixian, Vice President of JD.com. I have a strategic cooperation and I would like to discuss it with iFlytek."

"Hello, President Gong, I wonder what the cooperation is?" Liu Yifeng had a guess in his mind.

"It's like this. Xiaoai Audio is a global hit, and our smart home has a promising future. We at JD.com also intend to enter the smart home industry. Therefore, we want to join forces with iFlytek to establish a joint venture to jointly promote this matter! What do you think?"

Liu Yifeng's expression became complicated: "This proposal sounds very good, but whether it can be implemented will require a meeting of the board of directors to vote."

"Haha, Director Liu is joking. The board of directors' vote is not just a matter of your words?"

Gong Shixian knows very well that the so-called board of directors' votes are often just a formality.

For example, in JD.com, if the board of directors dares to disagree with what Big Qiangzi says?

Similarly, iFlytek was created by Liu Yifeng, and as long as he agrees to cooperate, the board of directors will not object.

Liu Yifeng sighed: "This moment is the other moment."

"What do you mean?" Gong Shixian was confused.

"In the past, iFlytek had the final say. Now that iFlytek has taken a stake in Xingyi Technology and has become a major shareholder, whether we can cooperate depends on their attitude. If they object, I'm afraid I won't either."

How to get enough support."

Liu Yifeng's meaning is very clear. If iFlytek accepted Xingyi Technology's investment, it will completely switch to Xingyi Technology and become Xingyi System.

Naturally, I have to follow Xingyi Technology and follow Xingyi Technology.

JD.com wants to build smart homes and compete with Xingyi Technology. How could iFlytek agree?

Not to mention that the major shareholder Xingyi Technology does not agree, other shareholders do not agree, and even Liu Yifeng himself does not agree.

"Xingyi Technology has become the major shareholder of iFlytek!"

"???"

Gong Shixian was confused: "When did it happen?"

"To be honest, as early as two days ago, the vice president of Xingyi Technology came to iFlytek. The agreement has been reached and the contract has been signed."

Gong Shixian's mouth twitched, and he understood the implication of Liu Yifeng's words, 'iFlytek and Xingyi Technology have signed a contract, JD.com should give up.'

"I understand, alas, goodbye!"

"goodbye."

Liu Yifeng hung up the phone, returned to the banquet hall, and picked up the wine glass: "President Song, I toast you this glass! I wish the cooperation between Xingyi Technology and iFlytek an invincible future!"

"That's for sure!" Song Sining also raised her glass: "Win-win cooperation and jointly building the world's most cutting-edge AI are the biggest original intentions of Director Wang's investment in iFlytek!"

Liu Yifeng was in a good mood, which was one of his original reasons for choosing Xingyi Technology.

Xingyi Technology really wants to invest heavily in developing AI.

Companies such as JD.com are different. AI is a bottomless pit. They don’t want to invest huge sums of money in research and development. They just want to pick the fruits and use iFlytek’s AI technology to empower JD.com’s smart homes!

One needs to invest huge sums of money to jointly develop AI and make progress together.

One just wants to pick fruits and use iFlytek to make money for himself!

How to choose, needless to say?

At iFlytek, a room full of senior executives exchanged glasses of wine and drank wine.

On the other hand, the JD.com team was like an eggplant beaten by frost, miserable.

"President, what should we do now?" The subordinate couldn't help but ask.

Another person sighed: "What else can we do? We have already introduced investment from Xingyi Technology. We have no chance. We can only return it to the chairman truthfully."

"Yes, that's all it can do."

Gong Shixian nodded, walked aside, and called the old director: "Chairman, we are late. Xingyi Technology has invested in iFlytek in advance and has become the largest shareholder!"

"..." Da Qiangzi was silent for a while and sighed: "I understand, come back and think of other ways."

"Yes!" Gong Shixian breathed a sigh of relief and was not scolded this time.

But the Great Qiangzi became melancholy and held another high-level meeting, slapping his cell phone directly on the table:

"The trouble is big. Xingyi Technology has invested in iFlytek, and the cooperation with iFlytek is hopeless."

"This..." Everyone was silent.

“Think about it, which other companies have this technology!”

"It's difficult. Currently, the only ones with this technology are Xiaoi Robot and iFlytek. One was fully acquired by Xingyi Technology, and the other was invested in shares. The other one is BAT, which has the strength to develop an AI voice interaction algorithm within a year.

But it’s not a good partner either.”

"Damn Xingyi Technology, it already has a Xiaoi robot, and it wants to invest in iFlytek. It's so greedy."

"It's not greed, it's strategic investment!"

"Yes, after Xingyi Technology takes a stake, iFlytek will not launch AI speakers with other companies."

"Wang Yi, this guy, is still flawless in his work!"

"Our Jingdong smart home, shouldn't it be over before it even begins?"

"Don't be so clumsy!"

"I'm just telling the truth!"

"Small businesses have been strategically acquired and invested by Xingyi Technology. We don't want to cooperate with BAT. What do you think we should do? JD.com invests its own funds to develop its own AI voice interaction technology?"

"If you do self-research, your investment will be bottomless, and when you will have output is a big problem!"

"And now that there is Xingyi Smart Home, BAT will probably take action next. Even if we JD.com makes it, will there still be a market?"

"It's so difficult!"



The entire conference room fell into silence. Da Qiangzi also frowned and muttered in his heart:

'It is unrealistic to develop self-developed AI voice interaction algorithms. JD.com does not have the strength or the funds!'

In order to build Jingdong Logistics, JD.com is losing money every year and is extremely poor.

‘There are also Xingyi Smart Home and the future BTA Smart Home. Is it possible that JD.com’s smart home really can’t be developed?’

Melancholy, extremely melancholy.

It’s okay if you can’t see how attractive the smart home market is. The problem is that you can see it but can’t eat it. That would be really uncomfortable!

Therefore, the Great Qiangzi did not want to give up.

At this time, a vice president suddenly said:
To be continued...
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