my return to life

Although the financing process is smooth, in fact, the shareholding ratio of various investment institutions has changed a lot.

Except that the shareholding ratio of Frontier Angel Canada is still 25%.

Morningside Capital has reduced its shareholding from 15% to 9.2%.

The shares of several other A-round investment institutions have increased proportionally.

The most is Sequoia, from 4% to 9.9%.

Goldman Sachs capital is not big, and the shareholding ratio is converted to 2.56%.

In general, for Xiaomi's B round of financing, Fang Nian is just a spectacle.

However, after the financing meeting was over, Fang Nian and Neil Shen came together: "Is Mr. Shen free these days?"

Shen Nier knew the elegant meaning after hearing Xuan Xuan, and said with a smile: "Listen to the arrangement of President Fang."

"Then sit down and talk tomorrow afternoon."

"it is good."

"..."

After discussing with Neil Shen, Fang Nian quickly caught up with Lei Jun and joked, "Mr. Lei, won't you invite me to dinner?"

-

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PS: Thanks to the alliance of 'Tangled Handjob', today is the same as the 3rd update~

Chapter 644 Man-made vents? (Part 2)

Broken Bowl asks for a monthly subscription.

………………

The west is red, and the night is slowly covering the land in the east.

Light and shadow cast long shadows in this small courtyard.

In the corner of the yard, Lei Jun sat opposite Fang Nian.

Fang Nian, who was barely regarded as the host in Shanghai, became a guest again, and let Lei Jun, who had traveled thousands of miles, treat him.

"..."

The meal was still being prepared, and the two chatted while drinking tea.

Lei Jun said casually: "A moment ago, Fang always asked Neil to stay in Shencheng for two more days. I vaguely heard that you have a cooperation."

Fang Nian didn't hide it, and replied calmly: "Mr. Shen hopes that I will lead the establishment of an investment club in Shanghai with him. I want to make it more formal and save some investment time and cost in the future."

"Oh?" Lei Jun rolled his eyes, "Why didn't you invite representatives from other investment institutions to stay for two more days?"

Hearing this, Fang Nian smiled: "Mr. Lei didn't think everyone would take the initiative to stay?"

"Haha~" Lei Jun laughed twice, "That's right!"

"..."

Then he mentioned Xiaomi's financing.

Fang Nian was a little curious: "This round of financing is a little lower than the expected valuation, does Lei always have any plans?"

Lei Jun shook his head: "No, I just want to be conservative, Xiaomi needs time to develop..."

"That's right." Fang Nian agreed without saying anything.

Lei Jun took a sip of tea and said with emotion: "Thinking about this time last year, I had only vaguely heard Mr. Fang's name. Xiaomi had not yet been formally established. In the blink of an eye, Xiaomi's valuation was nearly 200 billion yuan."

Fang Nian said indifferently: "It can only be regarded as an initial stage. In the past two or three years, my country's mobile Internet has been a major outlet. Maybe tomorrow, a new company will suddenly skyrocket."

"The Chinese market is huge, and there are opportunities everywhere in recent years." Lei Jun nodded in agreement, "That's why Mr. Fang and Neil want to start a club, right?"

Fang Nian said casually: "Almost, in investing, you also need to keep up with the trend."

"..."

Lei Jun didn't say any more, and changed the subject quietly: "New Qingchao will be established in Beijing in a few days, and the company name is Qingchao Technology."

"After turning around, I will invite Mr. Guan to go to the capital together. Let's sit down and discuss in detail." Fang Nian said calmly.

Hearing what Fang Nian said, Lei Jun understood that Fang Nian was looking for him for other things.

It has nothing to do with Xiaomi or Qingchat.

But Fang Nian was not in a hurry to speak, Lei Jun was naturally patient.

Anyway, dinner hasn't even started yet.

The two chatted about various things in a leisurely manner.

The main topic is still focused on the mobile Internet.

Including also talked about the longer-term layout development of Xiaomi mobile phones.

Naturally, it is inevitable that the Nuwa system will be mentioned again.

Regarding the recent research and development trends of Nuwa Lab, Fang Nian and Lu Weiyu learned a little about it yesterday when they were wandering around Fudan University.

I just said a few more words.

The current focus of Nuwa Lab is of course the secret lab's Nuwa desktop system, programming language, compiler and so on.

However, the original experimental research cannot stand still.

Fang Nian said relaxedly: "The lab is mainly focusing on cloud services, voice assistants and some pre-research functions;

The more energy-intensive work is to follow the example of Android to establish an effective mobile service certification system, which I arranged last year;

It's not to charge more fees, but mainly to reduce the pressure on the cooperation of Nuwa's laboratory. "

After listening to Fang Nian, Lei Jun agreed: "This system is very necessary. The Nuwa system is now widely used. With the original method, the engineers may be exhausted."

"It doesn't matter if it's just inside the Nuwa Alliance. There are only a few companies, and there are no more than a dozen models a year."

Fang Nian said calmly.

"But now there are several external manufacturers, and the product lines may be chaotic. Even in order to recover the cost, a system must be established to reduce the operational burden. After all, the reputation of the Nuwa system has not been fully established, and the brand cannot be smashed. "

After listening to Fang Nian, Lei Jun sighed: "If Mr. Fang is willing to spend more energy on business, I'm afraid we won't have a chance to sit and chat together."

"It's been a long time since Mr. Lei praised him so much, I miss it a bit." Fang Nian laughed.

Lei Jun calmly said: "It's really not flattery, Mr. Fang is really amazing in controlling the market in the Internet field."

"I believe that if Mr. Fang is willing to be in the applied technology market, he will probably have a net worth of hundreds of billions."

"Dangkang game is a clear example."

"Goose Factory Games is backed by Goose Factory. It has developed for many years and has occupied the No. [-] market share of Chinese games. After exhausting all methods, it still failed to stop the rise and surpass of Dangkang Games."

"Even the annual revenue is almost the same, and it has not been established for two years when Kangman is full."

After listening to Lei Jun, Fang Nian waved his hand: "The game industry is a special case."

"It's not that I don't want to do it, it's that I don't have that much energy."

After a short pause, Fang Nian continued, "Actually, it's mainly because I don't have imagination, and I can't come up with a great idea out of thin air."

Lei Jun: "..."

"Mr. Fang is a little worried."

This is also called no imagination?

But Lei Jun thought about it carefully, and felt that what Fang Nian said made sense.

Fang Nian did not engage in innovative industries, but rather used capital to drive resources.

Although some things seem to be very novel, in the final analysis, they are still old wine in new bottles.

Applied technology classes require a good imagination.

Otherwise, it is just infinite copying.

On the contrary, there are some novelties in Qingchat. Although it can be regarded as an old wine in a new bottle, the market prospect is very promising.

But on the other hand, from a broad concept, it is actually an innovation.

This thing depends on the reference.

…………

In a short while, the meals are ready.

The two began to have dinner.

When he was about to eat, Fang Nian wiped his mouth and said calmly: "Boss Lei, I don't like doing things that I'm not good at, so it's hard to say that I can catch up with every trend;

But as an investor, I definitely don’t want to miss the opportunity;

so……"

Speaking of this, Fang Nian looked at Lei Jun and said seriously: "I wonder if it is possible to artificially create a buzz."

"..."

Hearing Fang Nian's last words, Lei Jun quickly put down his chopsticks and looked serious: "How do you say it?"

Although Lei Jun is now the boss of Xiaomi, he is also an investor.

It's just that Lei Jun only makes angel investments.

There was also a small amount of foreign investment last year.

Regarding Fang Nian's words, Lei Jun instinctively felt the weight in them.

chasing the wind...

Xiaomi is already on this road.

Manufacturing outlets...

This is territory that has not yet been thought of.

Facing Lei Jun's serious gaze, Fang Nian calmly said, "It's not a long-term plan, it's a supplement."

"Last year, the dividends of Dangkang Games were quite considerable. I have a cash in hand, and I plan to entrust 5 million cash to a trust fund recently. I want to hand over this trust fund to Shunwei Capital for management;

Mr. Lei also knows that the development of trust funds in China is slightly different from that in foreign countries. "

Hearing this, Lei Jun nodded: "Indeed."

"Domestic trust funds are more like a wealth management product with higher thresholds, more substantial returns, and absolute redemption."

Speaking of this, Lei Jun changed the subject: "It doesn't seem to have anything to do with creating a trend, does it?"

"Mr. Lei, don't worry." Fang Nian smiled lightly, picked up the teacup and took a sip of tea.

"..."

This [-] million fund that wants to be entrusted to the trust and then transferred to Shunwei Capital is the secret that Fang Nian deliberately mentioned when Guan Qiuhe first asked.

In fact, there is no too mysterious operation.

It is nothing more than switching from the left hand to the right hand, and also taking advantage of the current rigid payment unspoken rules of the domestic trust industry.

Just redemption means that after the maturity of wealth management products and trust products, banks/trust companies must distribute the principal and income to investors;

When the financial plan/trust plan cannot be paid on schedule or has difficulty in paying, the bank/trust company has to deal with it.

Strictly speaking, there is no legal basis for rigid redemption, and it is more of a "convention" in the banking and trust industries to win customers;

Especially in the trust industry, Gangdui is one of the 'labels' of the trust's license.

You must know that there are only dozens of trust institutions in the whole of China, and the licenses are very rare.

As for why it is said that China's trust development form is slightly different from that of foreign countries.

It means that in China, trusts do similar things to funds.

for example: