Chapter 252 Establishing a R&D Center

After some bargaining, it was finally determined that Mingkang Communications would invest US$30 million, accounting for 30% of the shares. Nishite Technology would invest US$20 million, accounting for 20% of the shares.

"While I'm preparing the investment agreement, let me say a few more words. My idea is to establish a digital product R&D center based on the new company. Of course, there will definitely be a lot of investment in R&D. I would like to express my opinion here.

Personally, if the R&D center places too much burden on the new company, I personally promise to spin it off in the future and I will fully acquire it."

Everyone knows the importance of R&D, but companies cannot afford unlimited R&D expenses. There is a balance line between profits and costs.

Hu Yang’s words are equivalent to reassuring everyone that they don’t have to worry about R&D expenses.

"Yes, you, Mr. Hu, are the biggest rich man, you have the final say."

Chen Jialin always felt that Hu Yang was showing off. What was he showing off for? He was using his wealth to suppress others.

Gao Mingkang and Lu Yali looked at each other and smiled. They were now used to the way Chen Jialin and Hu Yang talked.

Since no one objected, the R&D center matter was passed smoothly.

In Hu Yang's vision, the digital product R&D center is not just for small MP3 services, but will also be involved in fields such as smartphones and tablet computers in the future. This involves product design and the development of key components, which is very complicated.

Several people chatted in the conference room for a while, and Lin Yan took the printed investment agreement and distributed it to everyone.

Hu Yang and others carefully read the terms. Chen Jialin and Gao Mingkang called the company again and finally signed the agreement before getting off work.

"Everyone has had a busy day. Let's have dinner in the restaurant upstairs. I've arranged some authentic Cantonese food for everyone to try."

There is no need for a banquet hall with just a few people, they can do it in the company's small restaurant. Even though it is an in-house restaurant, the chef in charge was hired from a famous restaurant and his skills are quite good.

After eating, everyone left the building and went their separate ways.

The next day.

Hu Yang began to arrange manpower to prepare for the establishment of a new company. During dinner last night, he, Chen Jialin and others discussed the name of the new company as Deep Sea Charming Technology Co., Ltd.

The company's managers need to be re-recruited, and they also need to recruit technical personnel in various fields, which is a big project.

Hu Yang temporarily transferred Pei Yunfang to Shenhai to be temporarily responsible for the human resources work, while Xia Bing sent two people to assist in the administrative aspect.

The registration location of Charming Technology is in the Deep Sea High-tech Park, where the R&D center under preparation is also located.

After half a month of busy work, the new company was finally put up, but the candidate for the general manager of the company has never been confirmed.

Hu Yang recruited externally through a headhunting company, and also asked Lin Yan and others to publish some information on professional forums.

"Mr. Hu, it won't be good if you spread the net like this. I have a candidate here. I will ask him to find you later. You can interview him."

When Gao Mingkang heard Lu Yali mentioned this matter, he thought of someone. He called and briefly talked to the other party, and the other party expressed interest, so he directly recommended it to Hu Yang.

"Haha, Mr. Gao, I've made you worry so much."

Gao Mingkang's recommendation is not unexpected. He has also been in Silicon Valley a few years ago, and his connections in this area are definitely better than Hu Yang's.

But when the person recommended by Gao Mingkang actually stood in front of Hu Yang, he didn't believe his ears and wondered if he had heard wrongly.

Huang Tao, a master's degree from MIT, worked at SigmaTel for several years. Later, he returned to China to start a business, but it didn't go well, so he decided to join Charming Technology, a newly founded company.

"He's an expert."

Hu Yang concealed his faint excitement. What the new company currently lacks is this kind of expert. As for the other party's failure to start a business, it doesn't mean anything. Some people are not suitable to be bosses, but they can become excellent professional managers. Some people are not suitable.

Engage in management, but can become an indispensable technical leader.

People have strengths and weaknesses, the key depends on where they are placed.

Huang Tao did not mince words about his past experiences. The reason why his business failed was partly due to his vision, and partly because of his poor financing ability. He did not even get the first round of investment.

"Mr. Huang, I would like to ask you to be the technical director of the new company. What do you think?"

Through candid dialogue, Hu Yang discovered that Huang Tao was not suitable for the position of general manager, but that the position of technical director was very suitable.

"Thank you, Mr. Hu, for giving me this opportunity. I will definitely work hard to do this job well."

Huang Tao also felt that he was still suitable for technology, so he happily accepted Hu Yang's invitation to join and became the first executive of the new company.

There was no suitable candidate for the time being, so Hu Yang could only serve as the chairman and general manager of Charming Technology. He also recruited an administrative vice president and an operations vice president.

In Chen Jialin's words, the management of Charming Technology is actually a troika in parallel, and Populus euphratica itself only has symbolic significance.

The symbolic meaning is impossible, but it is true that Hu Yang has delegated a lot of power. He cannot sit at Charming Technology every day. When the time comes, he still has to find a general manager.

"My requirements for the product are that it should be beautiful in appearance, superior in performance, and cost-effective. You can discuss the rest yourself, and then show me a mature plan."

After Hu Yang put forward his request, he waved it off irresponsibly. It was actually okay for him to do so. Some business leaders like to micromanage everything, but he likes to only grasp the general direction.

Leaving behind a group of busy people, Hu Yang left Charming Technology.

"Mr. Hu, do you want to go back to the investment building now?"

Lin Yan sat in the car and saw that Hu Yang had not spoken yet, so she asked.

Hu Yang did not answer immediately. He lowered the car window, looked at the rolling black clouds in the sky, and said, "The wind has picked up and it's going to rain. Let's go and take me home."

He was right, it wasn't just the weather that changed, it might also be something else.

At night, after lingering for a while, Nasdaq's technology and Internet stocks finally turned downward from above 5,000 points and began to fall violently one after another.

This result was actually in Hu Yang's mind, otherwise he would not have cleared out most of the stocks in his hands.

There was a wailing in the market, and of course there were people who did not believe in evil, swearing that this was just a normal correction. But Hu Yang knew that this wave of decline was not that simple. Just like the Nasdaq index, it would not fall for several times.

A thousand points will not give up.

By the close of trading, the Nasdaq had fallen by 4 percent.

The next day.

Hong Kong’s technology and Internet stocks fell.

Immediately afterwards, mainland technology and Internet stocks also fell.

At this time, many people realized that this time the decline of Internet technology stocks seemed to be somewhat unusual.

Two days later, Hu Yang confirmed that this major trend had taken shape, and the Internet bubble finally burst with a bang.

"Assistant Lin, call Lao Yu and ask him to keep an eye on the target and report the situation to me once every three days."

Now is the beginning of the downtrend, and there is no need for Hu Yang to worry. He asked Yu Hongbo to keep an eye on Amazon, just to wait for it to fall enough so that he can take advantage of it.

To be honest, many network technology companies currently on the market will not be able to survive this Internet winter. Most of what is left is gold.

"Mr. Hu, Assistant Yu said he understands."

After Lin Yan called Yu Hongbo, she reported to Hu Yang.

Hu Yang nodded, Lin Yan made him another cup of coffee, and then walked out of the office.

Leaning his head tightly on the leather seat, Hu Yang couldn't help but feel a sense of relief. Not because there was another opportunity to make money, but because the historical trend so far has not shown any major deviations.

He knew that he was not a genius, and the only reason he could reach this point was the extra decades of memories in his mind.

"Yeah, I didn't change history, but I changed myself."

Now Hu Yang is no longer afraid of any challenges. As long as he doesn't seek death, he can go on smoothly.

........

Magic City.

There was a lively scene again in Populus euphratica's "old foreign house".

In the early spring of the new millennium, the quiet and restless Populus euphratica came here again.

This time he had nothing else to do and just wanted to go out for a walk, so he took three security personnel including Lin Yan and Han Wen and left the deep sea on a business jet.

Charming Technology's design plan has been finalized, and the import of decoding chips from Sigmatel has also been finalized. The other party has also provided preliminary technical solutions, and everything is proceeding in an orderly manner.

Xijiang Xueling Food Co., Ltd.'s tomato sauce sales last season were very good. This is not only due to the contributions of Xu Younian and others, but more to the efforts of Mu Shaoqing and all the company's employees.

Starting from the cultivation of raw materials for tomato sauce, the company has begun to intervene, and then to the acquisition, storage, production, filling and other links. Everyone at Xueling Food has put in sweat and hardships.

The quality of raw materials and products are good. The tomato sauce produced by Xueling Food is loved by foreign customers. There are more and more orders, and it has truly achieved a "good start".

There is no need for Hu Yang to worry about Nishite Technology and Mingkang Communications. These are two companies in a period of rapid growth with unlimited prospects.

Shengyi Electronics Co., Ltd. is the only listed company in which Hu Yang holds shares. Its performance is stable and excellent in all aspects. Apart from reading the statements on time, Hu Yang rarely bothers with it.

What makes Hu Yang most happy is Xintong International, which worked hard to turn a profit last year, with a net profit of 1.28 million yuan.

Don't look down on this mere one million, achieving profitability is a watershed. Hu Yang believes that Xintong International has already developed its own hematopoietic function.

The only thing that is more disturbing is Huanyu Laser. The person in charge of this company does not know what he thinks. Recently, he has become very close to Ankang Insurance. The other party has proposed a private placement plan to Hu Yang, but Hu Yang did not agree.
Chapter completed!