Chapter 70 The Corporate Moat



After expressing his views, Cheng Gang paused for a moment before continuing:

"We have always held this view: we don't care if others follow the paths we have taken; we look forward to challenges and crave challenges."

"Science and Technology Innovation Biotechnology has always regarded scientific and technological research and development as the primary driving force for the company's development. Whether it is the synthesis of endorphins or the large-scale commercialization of brain-computer interfaces, we are always at the forefront of the times and leading the development of technology."

"Our core competitiveness lies in our R&D capabilities; we haven't focused on Neurallink yet."

After Cheng Gang finished speaking, he stopped, and Li Miaomiao indicated that she had something to say: "Furthermore, everyone, regarding the technology that Musk showed on Twitter, Chairman Zheng just sent me a message, saying that there will be a detailed explanation in a couple of days."

The fund managers and institutional leaders present were engaged in lively discussion.

Regardless of external perceptions or the equity structure of Kechuang Bio, Zheng Li is the absolute core of Kechuang Bio.

However, since he went to Singapore, Zheng Li's actual presence in the company has been very weak; he's more like a symbol. This is the feeling of many fund managers present.

"Zheng Li came out to explain personally? It seems Musk is putting a lot of pressure on him."

"Of course, Zheng Li has far fewer resources than Musk."

"It's unlikely that Zheng Li will reach Musk's age."

"Based on our research on Kechuang Bio during this period, they are now divided into two lines. The research team at the Suzhou R&D Center mainly focuses on innovative drug research, while Zheng Li mainly focuses on brain-computer interface-related research at the R&D Center in Singapore."

"After all, Musk's Neurallink has been established for many years, and its technological accumulation is probably deeper than that of Kechuang Bio. It's normal for Zheng Li to be nervous."

"So, are you still planning to build a position in the Sci-Tech Innovation Board Biotechnology sector?"

"Definitely. This is a core stock on the Science and Technology Innovation Board, how could we not build a position? Besides, the technological level of Kechuang Bio is a deep enough moat among A-share companies."

"Endorphins have been around for two years now. Look at the pharmaceutical giants like Pfizer, Roche, and Johnson & Johnson, which company can bypass Sci-Tech Biotech's patents? They still have to pay the patent fees obediently."

Fund managers pay close attention to the "moat" or, in other words, the company's margin of safety when making investments.

Simply put, it's about the substitutability of a company's products. Take Moutai, for example. Whether it's the product image or Moutai's unique brewing process, it's basically impossible to replace it. This creates a high safety margin, or a deep "moat."

Why can't NetEase compete with Tencent? Because Tencent's massive social media traffic is its moat, while what is NetEase's moat? Don't tell me it's game development capabilities.

Fund managers are very optimistic about Kechuang Bio, which has a thick safety margin, a weighted average return of funds far exceeding 15%, and strong R&D capabilities for new products.

More importantly, Zheng Li is young enough. The founder and head of the R&D team of a company is only twenty years old, which is enough to support the company's development for the next thirty years.

......

Zheng Li felt a surge of anger upon receiving the message. Although the one in Lion City was just a clone, the feeling of being monitored every day was still unpleasant.

America copied the technology back to America, and then presented it to Musk, who then claimed that the technology was developed by him.

Zheng Li felt both angry and amused, finding his opponent's arrogance and hubris ridiculous.

He contacted the Chinese Embassy in Singapore directly:

“Mr. Chen, I need your help. Recently, the research data of the Singapore Research and Development Center of Kechuang Bio was leaked. We have taken videos and photos of some of the people copying the data.”

"I want to use your help to determine whether these people have any connection with Musk."

"Because of the video Musk recently posted on Twitter, I strongly suspect that it uses technology stolen from biotechnology."

Ambassador Chen knew that the CIA and other intelligence agencies from various countries had been conducting intensive investigations into Zheng Li recently, and that China had also sent people to protect him while simultaneously investigating him.

However, Ambassador Chen was unclear why, and he expressed shock upon hearing Zheng Li's purpose for coming:

"Mr. Zheng, could you please show me the video first?"

Zheng Li took out his phone and placed it in front of Mr. Chen, explaining as he played the video:

“This is my place on the seventeenth floor of the Lion City R&D Center. Normally, no one except the cleaning staff can come up here. The camera on the seventeenth floor captured two people entering my laboratory at two o'clock that morning.”

"The next video shows them copying data from my computer, and their faces are briefly shown in the background."

Zheng Li pressed the pause button, and the faces of an Asian and an Indian were paused and displayed on the screen.

"This computer is connected to the database of the Singapore R&D Center, and the content they copied must include our R&D data."

"Shortly after the data was stolen, Neurallink claimed that they had completed the research on brain-computer interfaces."

“I believe there is a strong connection between these two things. I am asking for the country’s help, which is also an opportunity for the country to damage America’s reputation internationally.”

Ambassador Chen said slowly, "You can send me the video, and I will report this matter back in its entirety. I cannot give you a specific answer right now, but I will let you know after the domestic response."

Later, Zheng Li realized that he needed a channel to speak out so that he could respond to public opinion when he encountered certain problems.

And he needs to use certain means to punish the minor.

Zheng Li then contacted Lao Cao, the chairman of Weibo, through Lei Jun, expressing his desire to open a personal Weibo account.

Cao Guowei was naturally eager for Zheng Li to open a Weibo account.

What great traffic! A child prodigy, a 20-year-old dropout starting a business, which immediately became the world's largest unicorn company, the developer of brain-computer interface technology—it's all hype.

Lei Jun also said that he would call on him anytime if he needed any help, as Lei Jun is a top entrepreneur on Weibo and he can help him expand his influence.

Lei Jun has always been at the forefront of social media, appearing on everything from Weibo to Douyin.

Who knows, one day Lei Jun might end up doing live-streaming e-commerce on Douyin like his entrepreneur friends Yu Minhong and Guo Qing.

Zheng Li also chatted with Lei Jun:

"I heard that rice is going to be used to make cars?"

Lei Jun replied on the other end of the phone: "Dami is going to make cars. New energy vehicles are the carriers of future information flow hardware. I estimate that the competition that wasn't finished in the mobile phone market will continue to be fierce in the new energy sector."

It's becoming a trend for mobile phone manufacturers—or more accurately, electronics manufacturers—to manufacture cars.

Well-known electronics manufacturers like rice, Apple, and Sony are all getting into car manufacturing.

As for Hua Wei's claim that he doesn't manufacture cars, there's not much difference between Seres and the cars he personally manufactures.

Continue read on readnovelmtl.com


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