Chapter 624 Jin Ling's Troubles

Feng Yiping and Huang Jingping didn't know at this time that they really didn't live in this house.

But one thing they knew right away was that the plan to go directly from Los Angeles to New York was in vain. Jin Ling called and said that there was a company in Silicon Valley that was worth buying.

Feng Yiping hurried back to the company in Silicon Valley. In the office, the three of them were already waiting, and Mike's face showed uncontrollable excitement.

"You suggest buying, deCarta," Feng Yiping picked up the information and looked at it. "San Jose, it's convenient. It was established in 1996, and it also makes maps?"

"It's not just map companies. They mainly provide technology for map companies. Yahoo is currently using their services," Mike said. "Although the company is small, with only about 30 employees, it has strong technical strength and is a major patent holder. "

It turned out to be a technology provider.

Since he wanted to intervene in this area, Feng Yiping naturally knew some relevant information.

Different from those map websites that were made by themselves for all kinds of work in China, in the map industry, Laomei also has a very clear supply chain. For example, deCarta provides map technology, NAVTEQ provides basic data, and then Google uses these technologies and content. Integrate with its own search technology to make a Google map and push it to the market.

That is to say, companies like deCarta are not aimed at end users. No wonder Feng Yiping has never heard of it before.

"We have learned that they can not only provide online maps, but also develop map-based technology to search for surrounding hotspots, which is very suitable for our website." Hong Haoran said.

"Their research and development plan is to plan your itinerary in the future, for example, search out the places you want to go around, provide you with possible route options, and estimate the distance between where you are and your destination. the time it takes to drive and walk,"

This Feng Yiping knows, isn't this the LBS that was very noisy a year later? None of the subsequent navigation and mobile terminals could do without the support of this technology.

It is indeed a good choice!

"What about being acquired? Do they have this intention?"

If they do well on their own and have no intention of being acquired, no matter how good the prospects are, it is useless and has nothing to do with them.

"As long as the price is right, I don't think they have any reason to refuse," Mike saw Youmen, "I have had several contacts with their CEO,"

"That's okay, Mike, you can get in touch with them first, and get to the bottom of it,"

In this era when Motorola and Nokia's feature phones dominate the world, the scope of application of these technologies is very limited. When Nokia launches the N95 a few years later, they can have simple applications on mobile phones.

Surely no one can know how these technologies will be widely used in all aspects after six or seven years later, when Master Qiao launched the IPHONE and opened a new chapter in the era of smart phones.

Therefore, when considering the acquisition based on the current factors, there is no need to consider too many details. In the long run, this transaction will definitely be quite cost-effective.

"In addition, regarding NAVTEQ, their company achieved sales of 82 million U.S. dollars last year, with a net profit of negative 110 million U.S. dollars," Jin Ling said holding a folder. It has maintained a growth rate of nearly 20%, and its annual sales are expected to exceed 100 million U.S. dollars, but it is estimated that it will still lose money this year, and it is conservatively estimated that it will also exceed 50 million U.S. dollars."

"What's the main reason for their losses?" Feng Yiping asked.

"Too many resources have been invested in mapping. Their company's digital maps have covered dozens of countries on six continents, and the initial investment is huge. Therefore, they welcome new investments at present."

"Approximate investment?"

"We estimate that 10% of the shares will also need to use about 50 million US dollars of funds,"

"Then proceed at the same time," Feng Yiping slapped the table proudly, "Try to get both of them down,"

"I'll contact Carter of deCarta immediately," Mike, who proposed the acquisition, said excitedly.

If the acquisition is successful, he will naturally be the first to contribute.

Jin Ling stayed, "I feel that I am becoming more and more incompetent for the position of president now," she said suddenly with a bit of disenchantment.

Feng Yiping, who was smiling at first and was still immersed in taking advantage of another big deal, became serious all of a sudden, "You say that? You are incompetent, can you lead the company to develop at such a fast speed? You are incompetent. Can this matter be so well organized? If you are not competent, can the relationship between all aspects of the company be maintained so well? If you are not competent, can I be as carefree as I am now? "

Jin Ling didn't smile, "Now, I seem to be less and less subjective. I don't even think about the related aspects of some of your ideas, and I don't even have the ability to pick up what's left. After thinking about your idea of ​​NEXTDOOR, you will think of things related to electronic maps, but I don't.

When you said that you took a stake in a map company, even Mike thought about whether it is possible to acquire a related digital map technology provider, but I still haven’t.”

"You must not say such things," Feng Yiping poured her a cup of coffee, "The responsibility is not yours, but mine," he said seriously.

"It's not that you don't have the initiative and insensitivity right now, it's that you don't have time to think about these things. I have explained too many things to you. According to my requirements, just to execute these things well, you need to work day and night. Work, blame me!" He tried to reach out and pat Jin Ling on the shoulder.

"What are you doing? Taking advantage of the opportunity?" Jin Ling's eyes were a little red.

"So, you don't have to worry at all, you don't have to think about it at all, you are still you, that sharp-eyed, excellent-looking strategic management talent that you can meet but never ask for,"

"real?"

"Really! Do you think this is good? I don't think there is much need to change the group's personnel structure at present, but you should be given the president and a team to assist you in your work. In this way, you can I have time to think about some directional issues, find some shortcomings in my assumptions, and help me to do my work better and more perfectly,"

Feng Yiping is really a little nervous now, if Jin Ling is the pick, then he will live a miserable life, how can he stay in school so carefree and study abroad from home?

Fortunately, after listening to his words, Jin Ling finally regained his confidence, "Then first of all, since you have so many plans in the United States, I think it is necessary to set up another team here to manage it. It is unreasonable to call us from China, no matter in terms of timeliness or continuity, "

Isn't it? There are more and more things here. It is really necessary to establish a software company, ACP New Energy Vehicle Technology Company, which invested in the United States last time, and these two possible electronic map related companies. The company comes under unified management.

"You are right, it should be done this way, then you can do it once this time, set up Jiaqiang North America Office, and add a global vice president to be responsible for all affairs in North America, directly responsible to you and me,"

"Where are the candidates?" Jin Ling asked.

"Mike is not suitable. I don't have any suitable candidates. If you don't have any, then recruit. Anyway, since last year, there are too many capable people who are at home,"

"Listen to you, you don't seem to care about these things?"

"Isn't there you? Before school starts, I have to hurry up and take Jingping around." Feng Yiping didn't give her a chance to get mad, turned around and left, "Thanks for your hard work, Sister Jin, just finish these few things."