Reborn in 2011, 985 missing from two copies
Chapter 374: Jingdong: If you can’t beat them, join them! (Page 13)
Liu Yifeng is very clear that with the popularity of Xiao Ai speaker, the concept of AI will definitely rise.
iFlytek's stock price will also rise. It is because Xingyi Technology wants to invest that they proposed 22 billion. If it were any other company, 25 billion would not be enough.
There is no way, Xingyi Technology is developing rapidly, whoever you invest in will see their stock price double!
The temptation was too great, Liu Yifeng couldn't refuse it at all, so he took a deep breath:
"President Song, we are willing to form a strategic partnership with Xingyi Technology, and iFlytek is also willing to transfer 30% of its shares to Xingyi Technology. But the price, 20 billion is really too little..."
"Add another 21 million, billion!" Song Sining said with a smile.
"make a deal!"
"Happy cooperation!"
In order to prevent any further complications, 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 basically reached an agreement. Xingyi Technology added another 100 million yuan, and most shareholders had no objections.
They also thought that with the investment from Xingyi Technology, iFLYTEK’s stock price would surge several times, and the shares they hold would then be more valuable!
Liu Yifeng looked around at everyone and said, "The board of directors will vote now. Those who agree to introduce Xingyi Technology as an investment, please raise your hands."
"Shh!"
"Shh!"
Most hands went up.
"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, vote passed!"
Subsequently, the two parties signed the contract and began to deal with follow-up matters.
Song Si Ning understood that the longer the night, the more trouble one may have, so she made a lightning-fast move.
Xingyi Technology will acquire 21% of iFlytek's shares at a price of RMB 30 billion, becoming iFlytek's largest shareholder!
At 4 p.m., Jingdong Vice President Gong Shixian and his team had just landed in Fei City when they personally called Liu Yifeng:
"Hello, Mr. Liu. Excuse me for interrupting you. I am Gong Shixian, the vice president of JD.com. I would like to discuss a strategic cooperation with iFLYTEK."
"Hello, President Gong. I wonder what this cooperation is about?" Liu Yifeng had a guess in his mind.
"It's like this. Xiao Ai speakers are 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 hands 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 good, but whether it can be implemented or not, we need to hold a board meeting for a vote."
"Haha, Mr. Liu, you are joking. Isn't it just a matter of your words that the board of directors can decide?"
Gong Shixian knew very well that the so-called board vote was often just a formality.
For example, at JD.com, if Daqiangzi says to do something, would the board of directors dare to disagree?
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: "It's a different time now."
"What do you mean?" Gong Shixian was confused.
"In the past, I had the final say in iFlytek. Now that iFlytek has Xingyi Technology as a major shareholder, whether we can cooperate depends on their attitude. If they oppose it, I'm afraid I won't be able to get enough support."
Liu Yifeng’s meaning was very clear. Once iFLYTEK accepted the investment from Xingyi Technology, it would completely turn to Xingyi Technology and become part of the Xingyi system.
Naturally, you 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 disagrees, other shareholders do not agree, and even Liu Yifeng himself will not agree.
"Xingyi Technology has become a major shareholder of iFlytek!"
"???"
Gong Shixian was confused: "When did it happen?"
"To be honest, the vice president of Xingyi Technology came to iFLYTEK two days ago, and the deal has been finalized and the contract has been signed."
Gong Shixian's mouth twitched, and he understood what Liu Yifeng meant by "iFlytek and Xingyi Technology have signed a contract, so you Jingdong should give up."
"I understand. Bye!"
"Goodbye."
Liu Yifeng hung up the phone, returned to the banquet hall, and picked up the wine glass: "President Song, this glass is for you! I wish the cooperation between Xingyi Technology and iFLYTEK will be invincible and have a bright future!"
"That's for sure!" Song Si Ning also raised her glass: "Win-win cooperation and jointly creating the world's most advanced AI is Mr. Wang's biggest original intention for investing in iFlytek!"
Liu Yifeng was in a good mood, which was also one of the reasons why he chose Xingyi Technology.
Xingyi Technology really wants to invest huge amounts of money and focus on AI.
But it’s different for companies like JD.com. They think AI is a bottomless pit and don’t want to invest huge amounts of money in research and development. They just want to reap the fruits and use iFlytek’s AI technology to empower JD.com’s smart home!
One is to invest huge amounts of money, work together to develop AI, and make progress together.
One who just wants to pick fruits and make money for himself by using iFLYTEK!
How to choose? Is there any need to say more?
At iFLYTEK’s side, a room full of senior executives were toasting each other.
On the other hand, the JD team was like a frost-bitten eggplant, looking horrible.
"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 Xingyi Technology's investment. We have no chance. We can only report it to the chairman truthfully."
"Yeah, that's all it can do."
Gong Shixian nodded, walked aside, and called the old chairman: "Chairman, we are late. Xingyi Technology has already invested in iFlytek in advance and has become the largest shareholder!"
"..." Da Qiangzi was silent for a while, then sighed: "I understand, come back and think of other ways."
"Yes!" Gong Shixian breathed a sigh of relief that he was not scolded this time.
But Da Qiangzi became melancholy, and convened another high-level meeting, slamming his phone on the table:
"This is a big problem. Xingyi Technology has invested in iFlytek. There is no hope for cooperation with iFlytek."
"This..." Everyone was silent.
"Think about it, which other companies have this technology?"
"It's difficult. Currently, the only companies with this technology are Xiao-i Robotics and iFlytek. One was wholly acquired by Xingyi Technology, and the other was invested in. The others are BAT, which has the ability to develop an AI voice interaction algorithm within a year, but they are not good partners."
"Damn Xingyi Technology. They already have the Little i Robot, and they want to invest in iFlytek. How greedy."
“It’s not greed, it’s a strategic investment!”
"That's right. After Xingyi Technology acquires a stake, iFlytek will no longer launch AI speakers with other companies."
"Wang Yi is a guy who does things flawlessly!"
"Could it be that our Jingdong smart home project has ended before it even started?"
"Don't be so clumsy!"
"I'm just telling the truth!"
"Small businesses have all been strategically acquired by Xingyi Technology, and we don't want to cooperate with BAT. What do you think we should do? Should JD invest its own money and develop its own AI voice interaction technology?"
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