sbdcsierra Chapter 208 Forced To Go Public Early
Chapter 208 Forced To Go Public Early
"Director Li, I have no objection to your entering into the field of games, but I cannot agree with you entering the field of artificial intelligence." A director said.
"The game industry is indeed a sunrise industry in China. It has shown vigorous development potential and has great potential in the future. I also agree to make arrangements in advance. But Director Li
The technological content in the field of artificial intelligence is too high. It not only requires a lot of manpower investment, but also requires massive funds. I don’t think it is a good choice for Qiandu to enter the field of artificial intelligence. "Another director also expressed clear opposition.
They represent the interests of the institutions behind them.
The technological content in the field of artificial intelligence is too high and the investment required is too great. With Qiandu’s current financial resources, it is absolutely impossible to use artificial intelligence.
If there is no money, then Li Yanhong will definitely ask the investment institutions behind them for money.
They do not deny the prospects of artificial intelligence in the future, but that is still ten or twenty years away.
They invest thousands of dollars, and what they get is a short-term return.
It is not in line with their investment strategy to let them invest a large amount of money in artificial intelligence, but only have to wait for more than ten or twenty years to see the benefits.
Not only the board representatives of these investment institutions, but also the board members of Qiandu looked at Li Yanhong with puzzled faces.
"Director Li, I have no objection to entering the gaming field, but I have reservations if 233 enters the artificial intelligence field." Xu Yong said.
He is one of the founders of Qiandu, and his position in the company is second only to Li Yanhong.
Liu Jianguo also said: "Lao Li, the cost of AI research is too high. With our company's financial situation, we simply cannot afford it."
When Li Yanhong founded Qiandu, Liu Jianguo and several others worked together with Li Yanhong to write programs in the "Resource Hotel" of Zhongdu University. They are also the founders of Qiandu and are now the chief technology officer of Qiandu. Programming Technology Very awesome.
The crowd's opposition was as expected by Li Yanhong.
Director representatives of investment institutions consider their own interests.
Because large investments in the AI field yield slow results, it is not in the interest of venture capital institutions.
Even if they invest in AI in the future, they will not invest until AI technology is truly developed.
Xu Yong and Liu Jianguo, on the other hand, stand in the interests of the company.
At this stage, Qiandu does not have the capital to enter the AI field in terms of technical strength or material resources.
"Everyone, you may have misunderstood what I meant."
"I don't plan to invest a lot of manpower and material resources in the AI field all at once."
“My idea is to conduct basic research first (ahdj) and invest a sum of money every year for research. The field of AI is definitely the mainstream of future technology.
“We Qiandu want to become a top international company, and AI is our cornerstone.
Li Yanhong said.
Even though he said this, the agency director representative still opposed it.
If you have this money to invest in it, you might as well get it out and get dividends.
"Vote!"
Li Yanhong didn't bother to say anything more and went directly to vote.
But obviously.
Qiandu is completely under Li Yanhong's control.
He also had the majority of the seats on the board of directors [so the decision to enter the AI field was passed.
"No one objects to entering the gaming industry, and we have decided to do so."
"The next thing I want to say is the issue of the company's listing."
"Originally, I planned to list the company in the second half of next year, but now I have changed my mind and strive to be listed on Nasdaq early next year, or even by the end of this year."
After seeing the fate of Goose Factory, Li Yanhong was afraid that the longer the delay, the more detrimental it would be to Qiandu's listing.
While Qiandu is still the leader in the domestic search engine field, if it goes public as soon as possible, it can also attract more institutions and individuals to subscribe for Qiandu's shares and raise more funds.
These words directly made the eyes of the directors and representatives of those institutions light up, and the unhappiness just now was instantly wiped away.
Li Yanhong wants to go public early?
Then they applaud with both hands!
However, the listing process is cumbersome, and it will take about half a year to prepare at the earliest. It may be too late to go public by the end of this year, and it will most likely not be until January next year.
"Director Lu, we will give you the greatest help possible." An institutional director representative said with a smile.
They invest in Qiandu just to cash out and leave after listing.
Naturally, I hope Qiandu will be launched as soon as possible.
If Qiandu wants to go public, not only will they not stop it, but they will be happy to give it a push.
After the meeting.
Representatives of the directors of these institutions called the headquarters to report on the situation of the board of directors.
When they heard that Li Yanhong wanted to enter the gaming industry, they were very supportive.
But I was a little unhappy when I heard that I was going to enter the field of artificial intelligence.
Because this is a gold-eating industry that burns money quickly but returns slowly, it is not their favorite investment target at this stage.
After hearing that Li Yanhong was preparing to go public ahead of schedule, the heads of these institutions immediately beamed with joy, and the unhappiness they felt just now disappeared.
"The acquisition and reorganization of Dexin Wireless has been completely completed."
Liu Hong came to Lu Yi's office to report on Blue Star Electronics' related work.
In May, we reached an agreement on the acquisition terms with Dexin Wireless.
Now more than a month has passed. After mergers and acquisitions, there is no longer Dexin Wireless in China.
The employees of Dexin Wireless were all integrated into Blue Star Electronics and became the main force of Blue Star Electronics' industrial design department.
"What is the approximate proportion of human resources after the company's integration?" Lu Yi asked casually while looking at the documents sent.
"After Bluestar Electronics completed the acquisition of Dexin Wireless, the company currently has 1,123 employees, including 1,033 technical R&D personnel, accounting for nearly 92%." Liu Hong said.
Lu Yi was very happy to hear this ratio.
"By the way, the Human Resources Department has been in contact with Ni Guangnan and Liang Mengsong. Ni Guangnan has agreed to come to Blue Star Electronics, but Liang Mengsong still hasn't let go."
Liu Hong said.
Lu Yi said: "Liang Mengsong must be recruited into the company. He is an authority in the semiconductor field. Under his leadership, Semiconductor Manufacturing Co., Ltd. defeated IBM with its own technology last year and developed a 130-nanometer copper process. "
"Smartphones will be one of the pillar industries of Blue Star Electronics in the future and require a large number of chips. We cannot leave our lifeline to others, especially old Mi.
"If we want to research our own technology, we need people like this to take the lead. When we choose a technical direction, as long as Liang Mengsong reminds you that you don't have to go in this direction, we can save a lot of material resources and time."
Liu Hong said helplessly: "I know what you are saying, but Liang Mengsong has a high potential and is deeply trusted by the company's senior management. It will be difficult to poach him."
Lu Yi rolled his eyes and said with a smile: "It's okay! I'll go to Baodao in person to talk to Liang Meng in a while.
No matter how much it costs to poach Liang Mengsong, he must be poached.
This is related to Blue Star Electronics’ future semiconductor development.
And not only Liang Mengsong, but also Zhang Rujin, and even Jiang Shangyi.
These two are generals under Zhang Zhongmou who promoted SEMC, and are his right-hand man.
If Blue Star Electronics can be found, it will definitely help Blue Star Electronics and the semiconductor industry rise rapidly in a short period of time. .