Young nodded: "I have confidence in Kechuang Biotechnology regarding brain-computer interfaces, but what about AI chips?"
"Computing power is crucial for AI chips. How can we compensate for insufficient computing power?"
Cheng Gang was shocked: "How did you know we were going to make AI chips?"
Young got up and walked around: "Don't be so surprised. There are no secrets in the investment world. So-called secrets are just a matter of time before they are leaked."
“When you went to Tencent to ask about SecondMind, we guessed that Kechuang Bio was going to invest in AI chips, or even enter the AI chip industry itself.”
"Your company's vice president recently led a team to England, including legal, translation, business, financial, and technical personnel. Isn't that obviously to discuss an acquisition?"
"These are no secrets. You've been in the investment industry before, so you should know how fast top investment institutions can get information."
Shunwei Capital isn't exactly a top player; it's more like a mid-tier player.
Cheng Gang calmed down: "You've told me so much today, what do you want?"
Young stated his purpose: "IDG and Goldman Sachs can help Kechuang Bio resolve the issue of being included in the Entity List, so we need to co-invest in Secondmind together."
Young's words were exactly as Cheng Gang had predicted: "I don't have that authority; this matter needs to be decided by Chairman Zheng."
"Can you help us get removed from the unverified list?"
Young shook his head: "It's already on the list, so we can't do that for now. But we can guarantee that Kechuang Bio will not be changed from the unverified list to the entity list in the near future."
The unverified list is simply an additional due diligence effort by American companies that wish to do business with those listed.
The extent of this is merely hopeful, therefore the impact is limited.
The Entity List, on the other hand, means that companies on the list are prohibited from having any business transactions with America, a situation far more serious than the Unverified List.
Continue read on readnovelmtl.com
