The Black Technology Era of Xueba

Sun Jiang said: Everyone, listen to me first. I talked to Xiao Ming and knew that Yigou is not interested in a lot of cash at this stage. According to Yigou's current development, they will not lack financing funds from the capital market in the future.

The directors nodded, an excellent Internet company does not lack funds.

Now in this money-burning era, some Internet companies without any technical content and only creativity can raise tens of millions or even billions of dollars, such as a shopping website, a short video APP, etc., not to mention that one has a relative monopoly Technology's translation dog company.

Sun Jiang continued: We will not talk about Yigou translation. In the future, English and Japanese will have a monopoly in more languages, but Yigou translation is not in line with our Huawei's technical positioning, and we do not need too much. Pay attention. What we want to pay attention to is Ozawa, the voice assistant that relies on the Yigou language database and neural thinking.”

Sun Jiang said: Ozawa is currently only an intelligent voice assistant. In the future, it can be further developed in line with the smart chips built by Huawei, which has great potential in the future.

Sun Jiang said: The gambling agreement I propose is that Warwick registers a shell voice assistant company, Yigou and Warwick each invest 500 yuan, and each owns half of the company's equity, 500 shares, and 1 yuan each. The company has the sole right to use Ozawa's voice assistant.

Subsequently, Huawei invested in the company to expand its share capital to 100 million shares, which were divided into 30 million Class A shares with 1 share of 10 votes and 70 million Class B shares with 1 vote and 1 vote. The previous 1,000 shares were classified as Class A shares. Calculated, the share expansion funds are provided by Huawei. After the share expansion, Huawei owns 500 Class A shares and 70 million Class B shares. Yigou owns 30,005,000 Class A shares.

As Sun Jiang said, the directors recorded in their notebooks one after another.

So at this time, Warwick owns 70% of the equity and 18.92% of the voting rights in the new company, and Yigou owns 30% of the equity and 81.08% of the voting rights.

The directors nodded, already knowing what Sun Jiang was going to say next.

“We will reach an agreement with Yigou that if the voice company’s profit reaches 300 million yuan and the company’s valuation reaches 2 billion yuan in two years, then the A-shares in Yigou’s hands will all be converted into B-shares at a ratio of 1:10. , Yigou will own 81% of the company's equity and voting rights. Huawei will own 19% of the company's equity and voting rights. This 19% equity will be purchased by Huawei in cash according to the valuation deducting the original 100 million yuan. have to.

If Yigou fails to reach the gambling agreement, then Yigou will be out of the game, and all A and B shares held by Yigou will be transferred to Huawei, and Huawei will have all the technology and the right to use the voice assistant.

A director raised a different opinion, saying: Yigou may not accept such a gambling agreement. The financing conditions for Yigou from other institutions may be much simpler. Yigou can get a good amount of funds at one time, not a future. Equity in the expected company.”

This is what I'm going to talk about next. Sun Jiang was born as a venture capitalist. Before joining Huawei, he had held positions in several venture capital companies. He was too familiar with the conditions that investment companies would offer to Yigou.

Sun Jiang said: At present, only we know Ozawa's voice. Even if other financing companies are interested in Yigou, they are looking at Chinese Yigou translation instead of Ozawa's voice. This is one of them.

Second, if a financing company wants to invest, what are they asking for? Shares! They will definitely ask for Yigou's shares. They will exchange funds for shares, and as I just said, Yigou is different from other startups. It lacks funds, but it is not a shortage of tens of millions of dollars, so Xiao Ming will not sell shares in the early stage of the company because of funds. Xiao Ming is not an activist investor, and he created Yigou Translation without setting big goals. The feeling of free development is in it. Moreover, I think Xiao Ming's future energy will mainly focus on his university studies instead of the company. How many companies with a valuation of tens of millions have you seen with only three employees? I have seen,

原Dog is just that.

The director asked: Then why does Yigou cooperate with Huawei? Since Yigou has no shortage of funds, there is no chance for Huawei to cooperate! Yigou also proposed that Huawei purchase voice components through procurement.

Sun Jiang agreed with the director, saying, That's the third point I want to make.

Sun Jiang paced back and forth on the podium and said, What can Huawei do for Yigou? In addition to the initial funds, there is also a broad market and a future stage. If Yigou separately publishes the voice assistant as a plug-in to a third party In the download market, what do you think the response of various mobile phone vendors is?

Someone said: It shouldn't be particularly welcome.

Sun Jiang said: Yes! I believe that companies including Huawei will not like a third-party voice software that is more powerful than their own voice, so these mobile phone manufacturers will take two measures. One is to be like us and Yigou. One is that each mobile phone manufacturer blocks Yigou by default and does not support the use of third-party voice assistants on mobile phones, even though we all know that the truth is in Yigou.”

The director added: Haha, this is the capital market, not the truth market.

There are many ways to block it. Once you install the voice assistant on your phone, you can't get it. That's how everyone treated third-party desktop software back then.

Sun Jiang explained with a smile: Yes! But what about cooperating with Huawei? The newly established voice company will operate independently, and Huawei will choose to purchase or not purchase a voice assistant according to its own needs. If you want to purchase, it will also follow the voice company's charging principles. Voice companies can even sell voice assistants to Xiaomi and to Apple. Warwick ships 200 million mobile phones annually, and its high-end mobile phone shipments exceed 10 million. Xiao Ming would like this market. What's more, Warwick did not point out that For the shares of Ranyigou, we invest in the future and expectations.”

If Yigou loses the bet, the only thing that will be lost is the voice assistant instead of the whole Yigou. We can lose and win the full use of Ozawa's voice. If Huawei loses the bet, then a great company in the future will have Huawei. It is also in the company’s interest to own the equity of Ozawa, and Ozawa’s voice assistant can also participate in Huawei’s future AI plans. I think all directors have certain expectations for the changes that Ozawa’s voice can bring to Huawei.”

After Sun Jiang's speech, the directors on the scene gave warm applause.

Sun Jiang persuaded everyone, and the directors nodded.

This is a win-win gambling agreement!

Now that the homogenization of mobile phones is serious, with the help of voice assistants, we can not only stabilize the domestic market, but also compete with Samsung and Apple in overseas markets.

we agree!

I agree!

The directors voted to approve the gambling plan.

And Sun Jiang's task is to convince Xiao Ming to accept the gambling plan!

Jiangcheng, Guangyao Building.

For the first time, Xiao Ming felt the rapid profit-making effect of the Internet, and also felt the cruelty of the Internet.

Yudao zoomed in.