He is Already a Tycoon at a Young Age! - Chapter 94



Only Noblemtl

#094

Investment consulting office located inside the startup fair venue.

‘With rude language.’

If I succeed in investing in Lei Jun today, I will have recovered hundreds of times the money I spent on the startup fair.

‘Lei Jun, now 28 years old.’

He founded Xiaomi in 2010. So if he meets me today and receives my investment, Lei Jun will have his success accelerated by an amazing 13 years. Of course, this speed could be the reason for Xiaomi’s failure.

So there is a gambling side to me too.

‘It’s a trap that was set up to catch Ma Hwa-teong.’

This is a situation where Lei Jun is caught. Of course, Ma Huateng may be caught later. Lei Jun is an extra.

“You said you’re more suited to being a businessman than an IT developer, right?”

“That’s what they say.”

When I entered the office, Lei Jun spoke to me politely again.

He had a nervous expression on his face. He was surprised that when he entered the exhibition hall, the exhibition organizers treated him almost like an emperor.

“I think that IT-related businesses are not unrelated to development and should go hand in hand.”

“I think so too. Most of the time, they develop groundbreaking programs and receive investment through those programs to start a business. But Chinese investors are reluctant to invest in their own IT engineers.”

Now that I hear it, that’s true.

‘Ma Huateng’s Tencent was invested by a South African media group.’

Because Jack Ma’s Alibaba.com was invested in by the chairman of Japan’s Softbank.

‘The people that Chinese people distrust the most are other Chinese people.’

The Chinese people know exactly what they are.

“Holding this startup fair has taught me that there are a lot of scammers in China. There are too many people who try to get investment by disguising their ideas as innovations.”

“So the result must be disappointing.”

“It’s still like that.”

But it was a successful trap because Lei Jun was caught in it.

“Lei Jun, no matter what anyone says, you came here to seek investment for your startup, right?”

People who come to this fair to seek investment often come carrying heavy bags. They usually don’t come alone but with business partners, but Lei Jun came alone.

“I didn’t necessarily come here to receive investment.”

“It seems like you were frustrated with your work life.”

“Actually, it was like that. Then, by a stroke of luck, I met you.”

“Yes, in some ways, Lei Jun, you are a person born with luck. Hahaha!”

He will now live the fate of a worker ant who will work hard for me and my profits. Of course, in the process, Lei Jun will grow into a young Chinese businessman and gain the title of one of the richest young people in China.

‘I’m just worried.’

The question is whether Lei Jun will succeed in founding Xiaomi as I know it will in the shortened 13 years.

“Will you invest in me?”

“It’s important to think about what kind of business you have in mind. Investments have to be realistic. I’m definitely not a philanthropist.”

At my words, Lei Jun looked at me intently.

* * *

Taean Electronics President’s Office.

“It is said that Ji Sung’s largest shareholder is staying in Shenzhen, China and even held an IT-related startup fair.”

The Taean Electronics Secretary General reported to Taean Electronics President Park Seon.

“We said we would invest on a large scale because China is an independent market.”

“An independent market?”

“Jisung says so. If Jisung says so, then so be it. Jisung is a person who shows amazing results in the investment field.”

Taean Electronics Secretary-General nodded.

dripping!

Then there was a knock.

The secretary came in.

“The battery business division manager and the solar panel business division manager have arrived.”

“Please come inside.”

“Yes, sir.”

The Taean Electronics project planned by Jiseong had a primary goal of supplying wireless batteries for smartphones to all smartphone development companies, and a secondary goal of developing electric vehicle batteries. In fact, the secondary development project was more focused than the primary. And the solar panel business division was being developed to supply energy for the smart plant factory that Jiseong envisioned to win the seedling war.

“Please sit down.”

“Yes, sir.”

The two division heads sat down.

“How far along is the next-generation battery development project?”

“We are currently accelerating the development of wireless batteries to be used in electronic products as instructed in the first stage, and are developing batteries that are particularly suited to the wirelessization of electronic products manufactured by Samsung Electronics. We are particularly making significant progress in the mobile phone battery sector.”

“As both division heads know, the person who serves as a lighthouse in all of Taean Electronics’ businesses is our largest shareholder, Ji-seong.”

Everyone in the CEO’s office nodded at President Park’s words.

“Among the instructions from the largest shareholder of Jisung, the key one is to strengthen the battery capacity to the point where you don’t need to replace the battery in your phone. In addition, the battery has to charge faster than other batteries.”

“Yes, I know that too. And the volume needs to be reduced along with it.”

“That’s actually difficult.”

“But we will definitely develop the next-generation battery. Only then will we be able to achieve proper results when the electric vehicle business is underway.”

“That’s right. Batteries are the core of the Taean Group.”

After speaking to the head of the battery business division, President Park Sun remembered the time when Ji Sung gave him instructions regarding batteries.

[Ultimately, the core of Taean Electronics is the battery division and the solar and panel division. They are also the core of the Taean Group. Eventually, Samjung Electronics will merge with Taean Electronics. With the merger, they will produce and sell the most powerful mobile phones.]

[How long do you want your wireless battery to last?]

[I think there should be 24-hour continuous calling.]

[Jisung-ah, your goal is too high.]

[Uncle, I think that when the world comes where mobile phones can properly access the Internet, people will call those mobile phones smartphones. If such smartphones allow Internet access even when there is no computer, consumers will only use the Internet wherever they are. Up until now, when you go to a restaurant and order food and wait, you have been talking to the person you came with, but when smartphones become active, you will only look at your smartphone.]

[Is that really true?]

[I am sure that will happen. Maybe in the future, the term smartphone addiction will come into being. So at least once you charge it, it should be able to be used for 24 hours without any problems. And since it is an electronic device that is used for a long time, it can generate heat, so we need to develop a battery that minimizes heat generation.]

[Because up until now, everything has been exactly as you said.]

[Yes, and only by successfully developing large-capacity wireless batteries can we fully enter the electric vehicle business. As you can see, the company that dominates the next-generation battery market will dominate the global economy.]

‘Jisung’s thoughts are firm.’

Going forward, Taean Electronics’ core business will be its battery division.

“So how far along is the solar panel development project?”

Taean Electronics’ new core business unit is solar panels.

“There is no problem with developing solar panels themselves. The core of the solar panel business is the plant factory, so I think developing an automatic control system is more important.”

Park Seon, the president of Taean Electronics, also nodded in agreement with the words of the head of the solar panel development division.

“The software company will solve that problem.”

“We know. And we have succeeded in developing solar panels that can produce 30% more electricity than existing solar panels.”

“Really?”

“Yes, this alone could allow Taean Electronics to dominate the global solar power generation market. But there is a serious problem.”

“What is that? Is there a problem with the solar panel itself that you developed?”

“There is no problem with the solar panels we have developed. However, there are reports that external problems are fatal to the solar panel business.”

“is it so?”

“Yes, we need to prepare for the onslaught of low prices and quantity from China.”

“That may be true.”

It is a well-known fact that the absolute leader in the solar panel market is a Chinese company. It has conquered the world with its mass production and low-price strategy.

“The business division has judged that the low-price offensive will be beyond imagination. Therefore, securing market share is urgent.”

“How can we increase our market share?”

“It’s a somewhat absurd opinion, but we should develop solar panels that are transparent and install them when constructing apartments or buildings.”

Park Sun-tae, the president of Taean Electronics, also looked dumbfounded at the report from the business division manager.

“Is that possible? Solar panels are black.”

“Yes, but I think we can develop the technology. The problem is electrical efficiency.”

“But the head of the solar panel division thinks it needs to be developed, right? That’s why he reports to me.”

“It seems that the era in which it will be difficult to compete with Chinese solar companies with existing solar panels is coming soon. So I think we absolutely must start developing it. In fact, the purpose of developing solar panels is to develop Taean Jongmyo’s plant factory containers, but there is a possibility that China will steal them. Fortunately, it will not be easy for Chinese companies to develop plant factory automation programs.”

“Yes, first of all, start developing transparent solar panels. That would be revolutionary.”

President Park Seon felt that he should report this matter to Ji Sung.

* * *

GL Group Vice Chairman’s Office.

“It fell to 570 points again?”

“Yes, that’s right.”

The chief secretary spoke while looking at Vice Chairman Koo Seong-mo’s expression.

“That’s not an urgent matter, so let’s focus on the battery business at Taean Electronics, right?”

“Yes, they say they are focusing on developing next-generation batteries to replace most wired electronic products with wireless ones.”

“Then, Samjung Electronics and Taean Electronics have everything except semiconductors.”

Vice Chairman Koo Seong-mo muttered to himself and frowned.

‘So, I will definitely try to acquire the semiconductor division.’

So, Vice Chairman Koo Seong-mo thought that negotiations with Ji-seong were possible.

“And they say they have also started to accelerate the development of solar panels.”

“Solar panels?”

“yes.”

“The solar panel business will eventually be pushed out by China, right?”

Chairman Koo Seong-mo was slightly confused by the fact that Taean Electronics was pushing ahead with its solar panel development project.

‘why?’

It was Vice Chairman Koo who asked questions without even realizing it.

‘What business should I start with solar panels?’

It was Chairman Mo who thought that it could be used for internal purposes rather than external sales.

“Chief Secretary.”

“Yes, Vice President.”

“Please investigate and report in more detail regarding the Taean Group affiliates.”

“Yes, I understand.”

“Report without missing a single one.”