I have a flow system

Chapter 239 Acquiring a VR Company - Emeng
Li Ming is the founder and CEO of a VR company named Eimeng. He has been full of longing and enthusiasm for virtual reality since he was a child.

With excellent character and learning, he successfully completed his domestic university studies, and then entered a foreign university for further study, and then worked in a large Silicon Valley factory for nearly ten years. He served as the head of the hardware R&D team and participated in VR projects such as Oculus.

In 2018, he resigned from his high-paying position, returned to China to start a business, and led a group of like-minded partners to establish Eimeng, focusing on the development and production of glasses-style VR.

Relying on its own experience and connections in the VR field, Eimeng has rapidly grown into one of the leading brands in the domestic VR market.

It not only provides games and audio-visual entertainment services in the consumer market, but also provides VR solutions for industries such as medical treatment, training, and exhibitions in the commercial market. It also has 32 patented technologies for VR inventions in shooting, compression, transmission and content display. and other fields are at the leading level in the industry.

Eimeng has also attracted the favor of many well-known investment institutions, and has completed two rounds of financing, with a total of 2 million yuan.

However, at the beginning of 2020, Eimeng encountered an unprecedented crisis, and consumer demand for VR products dropped sharply. The newly upgraded Eimeng four-generation product released in April.

Because it is an urgently released product, although the performance has been improved, but only in terms of performance, the design is still a bit cumbersome and complicated, and the consumer experience is not very good. During this time, many competitors have entered the game , release competing products.

In an instant, the company was in trouble, with a sharp decline in sales, a serious backlog of inventory, and a tight capital chain.

Li Ming tried to seek a new round of financing to tide over the difficulties, but due to the deteriorating market environment, he searched all possible channels, but could not find anyone who was willing to continue investing.

During this period of time, his hair has turned gray a lot, and he feels that his metaverse dream may be about to be shattered.

He no longer knew if he could hold on.Every day in the office and at home, he is constantly reflecting on the past, and even begins to doubt his own judgment and ability. Gradually, he even loses confidence in the future of the VR industry.

And at this moment, he suddenly received a call.

"Hello, I'm Wu Zhou, the chairman of Aiying Group. I'm very interested in Eimeng. If you want, I hope to buy your company directly."

Li Ming was slightly taken aback when he heard the strange voice on the opposite side, but then some recent news about Aiying Group and Wu Zhou's public speeches appeared in his mind.

For Wu Zhou, Li Ming is very concerned. After all, it is too difficult to be the leader in the field of traditional consumer goods, and it is far more than the leader of his peers.

He was deeply touched, is his Eimeng product not good?Of course, there is a kind of tap water that is waiting for their new products, and there are also many 'real' evaluation agencies that have given 'excellent' evaluations.But what is good for it, it can't fully reach real consumers, or the existing consumers are 'picky', if they don't recognize it, they just can't be sold.

Of course, it is impossible for consumers to be wrong. The only ones who are wrong are themselves. Their products are not perfect, their marketing is not good enough, and their supply chain is not good enough. They still have many, many improvements. space.Li Ming has seen the direction of improvement in the future, and he knows where he should make efforts, but the market, time is not waiting for him.

At this moment, he couldn't help thinking, if his Huimeng could cooperate with Aiying Group, if Aiying could help sell Huimeng?

But then he recalled what Wu Zhou said just now, the acquisition, Li Ming subconsciously wanted to refute, how could he sell his hard work, it was his dream, but
"Aiying Group, if I remember correctly, Aiying Group has been in the field of food and consumer products before, why are you interested in us?" Li Ming asked, when he said this, only he knew, at this moment he His calves were trembling nervously.

Because Wu Zhou is almost the last straw for him. If he misses it, it may be a few months before Eimeng will have to go bankrupt.

On the other end of the phone, Wu Zhou had a wry smile on his face. The company's food industry is indeed developing very well. No matter which company he communicates with, the other party will subconsciously think that Aiying Group sells food.

But Wu Zhou didn't bother to explain. He just smiled and said, "Our company has a wide range of business. If you are interested, you can find relevant information on the Internet. I won't go into details. Closer to home, our company has always been paying attention In the field of VR/AR, there is also a long-term strategic plan for this area. We believe that Huimeng is a company with innovative spirit and technical strength. It has excellent products and patents in VR all-in-one machines, VR live broadcasting, and VR content. Technology. The phone call with you this time is also the result of a detailed evaluation and investigation by the company department, and we believe that Eimeng can provide Aiying with strong support and supplements in the VR/AR field.”

"In addition, we don't care about the difficulties your company is currently encountering. We know that this is only a temporary setback and will not affect the value and potential of your company itself. We are willing to acquire your company at a reasonable and fair price."

After listening to Wu Zhou's words, Li Ming felt mixed emotions.He didn't understand why Wu Zhou appeared at this time and proposed the intention of acquisition.He also doesn't know how Aiying will operate Eimeng after the acquisition, whether it will retain Eimeng's brand and team, and whether it will respect Eimeng's culture and philosophy.He is more worried about whether he can still realize his metaverse dream in Aiying's system.

"Can I understand, what is your company's valuation of us?" Li Ming asked with a complicated mood.

"55 billion. Of course, this price is not the valuation of Eimeng Company, but the stock price including the existing company team and the premise that you, the person in charge, continue to serve." Wu Zhou said again.

Hearing Wu Zhou's words, Li Ming already had the answer in his heart.But he still said, "I am very grateful to Aiying Group and Mr. Wu for your recognition and trust in our company. I am also very honored to receive your acquisition proposal. But this is a very important and complicated decision for me. I need some time to think and evaluate. I also need to discuss with my team and investors and listen to their opinions and suggestions. I hope you can understand my situation and give me some space and time.”

Wu Zhou replied, "Of course, I also understand your situation, but this is not an easy decision to make. I will not impose any pressure or restrictions on you. You can think about it according to your own ideas."

"However, I also hope that you can give us an answer as soon as possible, because our company attaches great importance to this matter and does not want to miss this opportunity. If you have any questions, confusion or concerns, you can also communicate with me at any time, I will try my best Help you solve and eliminate."

"Thank you." Li Ming said thanks.

"Okay, that's it. Looking forward to hearing from you."

Li Ming hung up the phone and heaved a long sigh. He felt that he was facing one of the most important choices in his life. He didn't know what to do or how to choose. At this moment, his brain was in a mess.
At the same time, Wu Zhou on the other end of the phone had a smile on his face.

Wu Zhou knew the answer before Li Ming answered.

There is no problem with the acquisition this time, and the price of 55 billion is also the price at which Li Ming will sell Eimeng in the future.

(End of this chapter)