Chapter 147: 11,181 valuation
If it was placed six months ago, Sony would definitely not agree to this cooperation.
But things are not what they used to be. Even Sony did not expect that a technology company from Xia Guo, a technology company they had never heard of before, actually possessed MP3 decoding technology and chip production technology, and developed and produced MP3.
The reason why it is willing to cooperate with Netac is because Sony has decided to maximize its own profits.
Sony has seen that with the development of technology, more and more companies will develop products such as MP3 in the future.
Since then, the price of MP3 will be lower and lower, and the profit will be diluted.
Instead of being passively beaten in the future, it is better to take the initiative to attack now.
Netac has the flash memory technology, Sony has the excellent production line of flash memory and the decoding technology of MP3.
The cooperation between the two will save a lot of patent fees and share the cost with each other.
Since then, Sony will continue to produce high-end types of MP3 to increase the added value of its own brand.
Netac produces low-end MP3s, rapidly occupying the Xiaguo market at low prices and killing potential competitors.
With the cooperation with Sony, Netac's representatives returned to Xiaguo, along with the MP3 decoding chip production line.
It is expected that in a few months, Netac's new generation of MP3 will be launched. It can be expected that its cost will be cheaper than that of Lingyue.
Sony is also taking measures, it began to lower the sales price of MP3 in the Xia Guo market, in order to gain more users.
After all, when it comes to brand influence, Lingyue has no way to compete with Sony now.
The cooperation between Sony and Netac can also be regarded as a feeding plan.
The release of MP3 chip production allows some technology companies in Xia to obtain MP3 chips very easily.
Since then, there are not many companies that are willing to invest in the development of MP3 decoding chips.
The core technology is still in the hands of Sony.
But neither Sony nor Netac thought that the strongest competitor of MP3 was still behind.
This is the United States, Apple headquarters.
At this time, Jobs was also holding MP3s from Sony and Samsung.
He was thinking about a question, if Apple was to make such a product, what would Apple do?
It must be made thinner and lighter by Sony and Samsung, and it must store more songs than them.
Jobs set out to design a future product called the iPod.
Liu Kewen, the representative of IDG Xiaguo District Headquarters, and the team have arrived in Jiangzhou.
He took the initiative to contact Chen Xiao, hoping to meet Chen Xiao.
Chen Xiao, who had just finished class, received a call from Liu Kewen.
The other party was very polite and respected Chen Xiao's opinion.
Chen Xiao thought that there was still a class in the afternoon, so he said, "It's in the teahouse outside Jiangzhou University."
This location made Liu Kewen stunned for a moment.
As the representative of IDG Xiaguo District, Liu Kewen once led the investment in Internet companies such as Penguin and Baidu.
Every time the investment is made, the other party attaches great importance to it, and they all choose a hotel with a relatively high specification or a conference room within their own company.
But Chen Xiao actually chose the teahouse outside the school.
It's not that Chen Xiao doesn't pay attention to the cooperation with the ID-level, but there is really no good place.
The best hotel in Jiangzhou is in the new urban area of ??Jiangzhou, which is close to two hours' drive from the school.
Chen Xiao's company location is too small, and the independent office cannot accommodate so many negotiators.
Therefore, the tea house outside the school is the best choice.
At 11:30 in the morning, Chen Xiao met Liu Kewen and his party in the private room of Yipin Teahouse outside Jiangzhou University.
Liu Kewen's team is huge. In addition to professional negotiators, there are also representatives of legal affairs and economics.
After seeing Chen Xiao, Liu Kewen was still a little surprised.
He has met many founders of start-up companies. Some of them are indeed relatively young, but there are few as young as Chen Xiao.
The 11181 website started a year ago, so Chen Xiao started the website when he was in high school.
Liu Kewen first gave the 11181 website a very high evaluation.
As a new type of navigation website, this kind of creativity is unprecedented, and its share is also very wide.
Different from the Internet environment in the United States, the 11181 website is very in line with the Internet ecological environment of Xia Kingdom and the Internet habits of users.
Almost as long as Xia Guo people want a portal website, the first thing they open is a navigation website.
The 11181 portal has occupied most of the country's market.
After a chat between the two sides, Liu Kewen directly gave his conditions.
Liu Kewen valued the 11181 website at 3 million meters.
IDG is willing to invest 3 million meters to acquire a 30% stake in 11181.com.
Of course, because Baidu also owns the shares of 11181 website, after IDG settles in, the shares of Baidu and Chen Xiao will be diluted at the same time.
Baidu will own 15×0.7%, equal to 10.5% of the shares, Chen Xiao owns 85×0.7%, equal to 59.5% of the shares, and IDG owns 30%.
Chen Xiao still has control of the company.
The valuation of 3 million meters is much worse than that of Baidu or Penguin, but as an innovative Internet company, this valuation can be ranked in the forefront of the entire Xia Kingdom.
As a navigation website, it will not generate too much profit by itself. Even if some advertisements are made on the webpage, the advertising cost will not be much.
Moreover, in order to ensure the cleanliness and purity of the website, UU reading www.uukanshu. The content of the com advertisement is partially placed on the subpage, so the profit of the advertisement fee is not high.
In fact, the technical difficulty of navigating a website is not high, and anyone can do it as long as they want.
The reason why Chen Xiao's website can be favored by investment companies is because he has seized the opportunity and occupied the market as soon as possible through a series of operations such as the Internet cafe management system and plug-in promotion.
The most important reason why IDG is willing to invest in the 11181 website is to value the traffic drainage of the website.
Among them, the whiteness is the best example. At present, 40% of the traffic of the whiteness comes from the 11181 website.
With a traffic access port, the latter things are easy to say.
Chen Xiao's reaction made Liu Kewen somewhat confused.
Chen Xiao was too calm, without the slightest sense of shock or excitement.
According to the current exchange rate, 3 million meters is equal to 24 million RMB.
24 million, many people can't make so much money in their lifetime.
Moreover, 24 million yuan has been invested in the company. As long as Chen Xiao manages his business seriously, he will basically not have to worry in this life.
Chen Xiao smiled and did not answer the question immediately, but took out the laptop that he had prepared.
After he turned it on, he pointed to a program and said, "This is my latest program. I think this will help the 11181 website to occupy more markets. Mr. Liu will look at this program first, and then make your decision."