When talking about the Dajiang drone, one key figure that cannot be avoided is Professor Li Zexiang from the Department of Electronic Engineering at Hong Kong University of Science and Technology.

This big boss, who graduated from Central South University of Mining and Metallurgy (now Central South University), was given a study abroad opportunity by Aluminum Corporation of America when it visited him when he was young.

He entered Carnegie Mellon University and obtained a double bachelor's degree in electrical engineering and economics.

He later went to the University of California, Berkeley for further studies and obtained a master's and doctoral degree in electrical engineering and computer science.

In 1992, 31-year-old Li Zexiang returned to China and joined Hong Kong University of Science and Technology as a professor in the Department of Electronic Engineering.

When Wang Tao first started making Dajiang, he received a lot of help from him.

Not only that, he is also the chairman of Googol Technology, a core technology company in the motion control industry.

He has extraordinary achievements in the fields of robotics, intelligent manufacturing, and electronic mechanical motion control.

Adhering to the concept of industry-university integration of Hong Kong University of Science and Technology, Li Zexiang attaches more importance to students' practical ability.

When Wang Tao came to visit, he readily agreed.

When it comes to technology, Li Zehua knows six out of seven but nothing.

So while the teacher and student were discussing technical issues heatedly, Li Zehua and Lu Fei strolled around in the back, chatting and enjoying the scenery of Hong Kong University.

Further behind, Zhang Tao followed alone.

Liu Zijie is indeed a workaholic. Only half a day after officially joining the company, he immediately directed the original team to start work quickly.

In addition to the arranged matters, he was also responsible for registering and preparing offshore funds. Even the matters of purchasing BT coins and renting bank safes were thrown to him by Li Zehua.

The latter welcomes everyone who comes, and uses practical actions to prove the saying that those who are capable should work harder.

It’s a pity that he didn’t understand that as long as he could endure hardship, there would be endless hardship to endure in the future!
Li Zehua was very open-minded about it. Since there was a team of lawyers watching over the whole process, he had no worries about any accidents. He only had to be responsible for signing and approving the funds.

I would stroll around the campus leisurely, occasionally sighing, "I still need to read more books. I can understand every word they talk about, but when they are together, it feels like listening to a foreign language."

Then he asked Lu Fei, "Can you understand?"

Lu Fei was holding several professional paper journals in his hands, all of which were works published by Professor Li Zexiang, and he would look down at them from time to time.

"I don't understand. I'm studying management."

Li Zehua was puzzled: "I don't understand, what are you doing with this?"

"It's also good to memorize the topic of the paper, just in case the professor asks about it later, I won't be at a loss for words."

"Fuck, let me see it too."

Unfortunately, it was never used from beginning to end.

Li Zexiang did not object to Qingyun Group's investment. After all, the future application scenarios described by Li Zehua were very attractive.

The only question is about the investment in scientific research funds.

“A model that doesn’t require profit may not last long.”

In response to his doubts, Li Zehua simply presented some data, such as the US$2.1 million investment and the cooperation project that had just been signed with Temasek.

Li Zexiang's doubts were instantly dispelled, and he sighed:
"It's a good idea to have this intention. Nowadays, many scientific research projects are unable to make breakthroughs due to funding issues."

Scientific research is too expensive. My own Googol Technology has been established for ten years, but it has not even raised 2100 million yuan in financing.

He is only in his early twenties, but he can get $2.1 million in financing by simply creating an innovative project on the Internet.

It's very confusing, as if making missiles is not as good as selling tea eggs.

"Please rest assured about this."

Li Zehua briefly introduced QingCloud’s business model, “Unlike other Internet companies, we are serious about technological innovation!

While shouldering social responsibilities, only by improving the level of science and technology can the core competitiveness of the enterprise be ensured. "

It is a very risky move for anyone to employ such a large base of employees.

Even though Li Zehua was a time traveler and knew countless future money-making projects, he did not dare to take it lightly.

It doesn’t matter if we burn venture capital money now!
The four words "venture capital" say it all. What they want is market share, revenue scale, and future development prospects.

As long as the accounts look good and the results impress investors, there are plenty of people in the capital market willing to pay for the future.

But this business model that relies on subsidies and losses is doomed to fail.

The reason why investors are willing to spend money and take risks in investment is that they are eyeing the huge returns of dozens or even hundreds of times after success.

Once the company's business develops to a certain level and its market share begins to stabilize, it will have to consider going public and the first few batches of investors will have to cash out and leave.

The cost for latecomers to take over by purchasing stocks through the stock market is already very high. At this time, listed companies must not be allowed to continue to exchange endless losses for market share.

What can I do?
One is to exploit employees internally, trying every possible way to save costs and increase profit margins.

Li Zehua is destined not to take this path, otherwise he could have expanded rapidly through the franchising system from the beginning. Why wait until the listing to do this?

This is like taking off your pants to fart, what a waste of time.

Another way is to enhance core competitiveness, avoid falling into homogeneous competition with competitors, and avoid price wars.

Qingyun Group is on the right track.

It’s very difficult, but we have to go all the way even if we have to kneel.

Li Zehua spoke frankly and confidently introduced to Li Zexiang Qingyun Group's restaurant chain plan and its plan to expand its services into rural markets.

Policies that benefit and assist farmers, the underlying logic of investing in soybean paste, future development expectations, etc.

Because these cannot be hidden from any competitor, as long as you dare to use the business model, just use it.

To competitors, it is an open card.

The key is, do other competitors dare to learn?
Li Zehua doesn't even need to hide it. Even if he posts it on Weibo to make it known, no one else would dare to copy it.

The long-term investment alone can scare away 99.99% of your opponents!
Investors in the capital market are not fools. You, a latecomer, are not trying to take advantage of companies that have first-mover advantage by using the same method.

It would be strange if he wasn't beaten up.

Ordinary people with courage are willing to try a business innovation of 20 yuan. However, commercial competition with this kind of cost is mostly a dead end.

Because the entry threshold is too low, unless there are special terms for protection, such as agency model, franchise model, etc.

The 200 million business model is usually only tried cautiously by the elites in the industry after careful consideration.

The 2000 million to 2 million stage basically involves top talents in the industry or innovations with business logic so good that they impress most investors.

Only after numerous professional demonstrations will money be invested bit by bit, and the actual progress will be looked at to consider whether to add more money.

But apart from large companies or wealthy bosses, no one else can even think about trying a business model that starts with 20 billion.

Taking Hummingbird Smart Logistics as an example, almost all express delivery companies on the market have been caught in one fell swoop. For subsequent entrepreneurs who want to follow suit, it is a big problem to find someone to cooperate with.

Could it be possible that I could start a courier company that ranks among the top ten in the country?
With the ability and funds, why not do something else?

What’s more, can a latecomer among the top ten defeat the alliance of the seven or eight companies in front?

Dreaming!
This is where Li Zehua's confidence comes from. From the second Ali drove Sun Tongyu away, he was no longer to be feared.

A company that is unwilling to work hard and does not have core technologies will never be able to build a solid and effective moat.

Li Zehua, who runs the entire industrial chain, wants more, so he turned his attention to high-tech. Dajiang and BYD are just the first step.

The combination of BYD's batteries and Dàjāng's drones creates a new model for the food delivery and express delivery industries in remote areas.

This is for further development, to accumulate technology and experience. Even if it cannot be promoted on a large scale in China for the time being, it still has broad application prospects abroad.

After listening to his description, Li Zexiang couldn't help but take another look at this fellow villager. "It sounds wonderful. I am very much looking forward to the arrival of this day."

In the early stage of its business, it was able to provide jobs for more than 60,000 people. This determination speaks for itself.

“But you may have come to the wrong place to meet me in Hong Kong this time, because Dajiang has Wang Tao and his R&D team.

Together with your funds and sales market, you have laid a solid foundation for the future development of Dajiang. Whether I join or not is actually not that important. "

He was delighted with his student's success, but after careful analysis, he discovered an embarrassing fact, which was that Dajiang did not have a suitable position for himself for the time being.

He also has to balance teaching tasks with the development of Googol Technology.

Li Zehua could understand, so he used the killer move he had prepared in advance.

“In fact, I can invest in and acquire Googol Technology, because drones and smart manufacturing are the future development directions of Qingyun Group.

Especially for outstanding top talents like Professor Li, we will invest generously just to work together with you to create a technological future."

"???"

Li Zexiang was caught off guard and was very puzzled.

Who would come up and ask to acquire a company the first time they meet?

He even doubted whether Li Zehua understood what high technology was all about.

I tried to explain, but found that they didn't care at all. "I am interested in you, Professor Li, and your professional research team. As for what Googol Technology will do specifically, that will depend on your decision, Professor Li.

Just like the conditions discussed with President Wang, as long as you feel it is necessary and it does not deviate from the company's development needs, you can get sufficient funds from the company.

In short, I decide how to develop the company, how to make profits, and how to survive.

The company does not restrict your research direction. "

This is actually a rebuttal, because the future development of technology companies actually depends on the progress and direction of scientific research.

But who can help Li Zehua see the future development direction? So as long as the research project is not too outrageous, he can accept it.

Li Zexiang stared at him suspiciously, then turned to look at Wang Tao, who nodded solemnly, indicating that it was indeed the case!
He was a little dizzy.

And this kind of operation?

There are many reasons why he founded Googol Technology.

But there is one thing everyone understands: Googol Technology is the first company in Asia that has complete independent intellectual property rights and self-developed technology.

The first one can explain all the problems. British and American capital is here to make money, not to give benefits. Let’s learn about the technological blockade.

They wish that China would not develop its own technology for a hundred years or a thousand years and would always be their sweatshop.

Today is the eleventh year since Googol Technology was founded. It would be strange if someone invested money in it.

Especially in Hong Kong, there is no environment for scientific research. It would be great to sell some land and develop real estate.

Even the technology port that was built with great effort was used by Li Chaoren's son to develop real estate projects.

Just when a good technological atmosphere was created, the real estate developers banded together and kicked it into Victoria Harbour without even making a splash.

There are so many such bullshit that I won’t list them all.

In short, when Little Superman invested 150 million US dollars in Tencent and it was later taken over by venture capital and earned excess profits, he was very excited when talking about it.

Even when Tengda's market value in the Hong Kong stock market once exceeded 7 trillion, Superman never mentioned the joy he felt when he sold it.

Googol Technology's placement in the mainland is based on the same logic.

Over the years, eastern Guangdong has provided Gohigh with a good R&D environment, and various honors and subsidies have come in droves.

This has even spawned an entire high-tech R&D and application industry chain.

What Li Zehua didn’t know was that Hong Kong University of Science and Technology had an industry-university partnership led by the School of Engineering.

What a tremendous help it will provide to the future innovations in mainland robots, drones, motion control, intelligent manufacturing, and integrated chip design and manufacturing.

There are no less than ten top universities in mainland China that have collaborated with it to create new disciplines in the field of high technology.

Not to mention the countless students who graduated from Hong Kong University of Science and Technology and went to the mainland to start businesses in the high-tech field.

They have developed countless listed companies and unicorn enterprises.

Li Zehua didn't know all this, but he understood one thing: when dealing with top scientific research talents, it was enough to be open-hearted and straightforward.

“Money, I’ll figure it out.

How to conduct scientific research specifically is the job of you professionals.

In order to show my sincerity in cooperation, I reserved 15% of scientific research reward options for Dajiang from the very beginning.

As long as Professor Li is willing to come, we will definitely give him preferential treatment in terms of shares and treatment.”

Wang Tao was a little embarrassed. "Actually, the teacher also has shares in Dajiang now. Among my shares, the teacher has always had a share."

Li Zexiang didn't care, "It's not a question of the number of shares, but Googol Technology is not just my company.

Even if I go there, I will still be responsible for research in motion control and intelligent manufacturing. With more funding, the progress will naturally be accelerated, and I certainly won't refuse.

But this involves the interests of Dean Gao of the School of Engineering and Professor Wu Hong, so their consent is required."

Faced with Li Zehua's sincerity, he, as a fellow villager, was very tempted. After all, scientific research costs money.

"Dean Gao, Professor Wu Hong has done in-depth research on intelligent manufacturing, automation technology, and CNC technology..."

His introduction was very natural, and Li Zehua liked it more the more he listened. Why did this thing sound like the future version of Intelligent Industry 4.0?

The worst part is also the most critical part.

After finally listening to Li Zexiang introduce the two people's published papers and their status in related majors, Li Zehua made a prompt decision.

“This time I got a credit line of 100 million from the bank, and yesterday I negotiated with Temasek and got another part of the investment from them.

The exact amount still needs further negotiations, but Qingyun Investment has already signed a mandated investment agreement with Temasek, so there will not be much pressure on funds in the future.

So Professor Li, can you please adopt a compromise solution? I will first invest part of my funds in Googol Technology.

If the two parties you mentioned agree to the new cooperation model, Dajiang and Qingyun Investment can subsequently acquire the company in full, and Googol Technology can continue to operate as a subsidiary of Dajiang.

As for specific R&D projects, the company does not make rigid requirements, but only assesses the use of R&D funds, scientific research progress, and subsequent applications.

At the same time, the three were allowed to continue to retain their teaching positions.

As a sign of respect for scientific and technological research, I would like to apply to the Hong Kong University of Science and Technology on behalf of Qingyun Group.

Establish a fund specifically to encourage scientific and technological innovation and scientific research talents, and to specifically fund people or projects that contribute to the development of science and technology.

Do you think this sincerity can impress the other two partners?"

What else can Li Zexiang do?
Of course I agreed with a smile on my face.

He is not a scientific research monster who is detached from the world. In contemporary society, who doesn't want to make their life more comfortable?

A boss who respects technology and is willing to work for it looks particularly cute.

"Is that so? Then I will be responsible for the ideological work of Dean Gao and Professor Wu."

"Then please leave it to the teacher."

Professor Li was very happy and didn't realize there was anything wrong with the address.

While he was waiting to invite the two big guys, Wang Tao showed a very speechless expression, "Then my teacher."

Li Zehua smiled and said, "It's all the same, the wisest one is the teacher.

I have always had great respect for you who do scientific research, can't you see that?"

"I see it."

Seeing that things were developing in a positive direction, Wang Tao was very happy and joked: "Actually, you can also call me Teacher Wang."

"Okay, when you develop a heavy-duty drone with a flight time of one week and a range of over 10,000 kilometers, I will call you Teacher Wang in public."

Li Zehua speaks without hesitation, who is afraid of whom?

Little did people know that for a technology fanatic like Wang Tao, the purpose of enjoying the future is to achieve and transcend.

He immediately nodded and agreed, "It's a deal!"

After saying that, he was still not at ease, so he pulled Lu Fei over and forced him to be a witness.

The latter is very helpless and makes a bet with his boss. If he fails to complete the task, he will be scolded. If he completes it, he will be in even more trouble. Isn't he afraid of being bullied in the future?

He was speechless, but refused to give in. No matter how Wang Tao urged him, he just wouldn't agree.

Li Zehua was still magnanimous and said to him again, "What does being called a teacher mean?
If it had been made sooner, I would have been here!
In Clearwater Bay, Hong Kong, I will give you a 10,000-square-foot mansion. You can choose any one of them without bargaining. I will pay with my eyes closed. "

"Really?"

Wang Tao had lived in Hong Kong for a long time and knew a thing or two about the housing prices there.

Not to mention a detached villa of ten thousand square feet, even the surrounding luxury houses of a thousand square feet can easily cost tens of millions of Hong Kong dollars. With Dajiang's current rate of making money, it is difficult to do so.

Lu Fei was also shocked by this generosity, and felt jealous and envious!
What's wrong with studying management? Doesn't he deserve to be given a ten thousand square foot mansion?

He looked over with tears in his eyes, he wanted it too!

It's a pity that no one paid attention.

"a man of his words."

Li Zehua said it with absolute certainty.

"As long as you can make it and promote it on a large scale, let alone a mansion worth tens of billions, even if it's worth tens of billions, as long as it exists, I dare to buy it!"

According to the current R&D progress, we want to achieve the mentioned product data.

It is necessary to make leapfrog development in operating and navigation systems, materials, energy, etc.

When that time comes, the energy storage and power output technology alone will allow Li Zehua to earn hundreds of billions of profits in the fields of new energy vehicles and mobile phone batteries.

Not to mention the corresponding material breakthroughs, the application prospects are broad.

This bet is a sure win for him no matter what. (End of this chapter)