The second stop of Song Yi's inland inspection was Yangcheng. At this time, Song Jingyan and Xia Huiai also rushed to Yangcheng to meet up with Song Yi.

Song Jingyan was very enthusiastic when she saw Song Yi, and took the initiative to hug Song Yi, "Brother Yi, I have been waiting for your notice in Korea, and it finally came."

After all, Xia Huiai and Song Yi were not very familiar with each other, so Song Yi took the initiative to step forward and shake hands, "Hello, President Xia, I'm sorry to bother you to come all the way to the mainland."

Xia Huiai was originally worried that Song Yi would be difficult to approach, but seeing how easy-going he was, she felt relieved. "President Song, it's me who's disturbing your work."

"No, no, no. As the president of the Korea-China Chamber of Commerce, it is also my job to provide assistance to Korean companies in their development in China. President Xia wants to move the factory's production line from Korea to the mainland to reduce the company's labor costs."

"There are also many electronic companies moving into the second phase of the Kaesong Industrial Park. Why didn't President Xia consider moving the companies to the Kaesong Industrial Park? After all, the wages of North Korean workers are still far lower than the average wages of mainland companies." Song Yi was a little puzzled.

Xia Huiai was a little embarrassed. "My sister advised me to move the company to the Kaesong Industrial Park, but I am personally worried that North Korea's policies may change, so I want to change to a more stable production and operation environment."

"The mainland attracts foreign-funded enterprises mainly by introducing high-tech and high-value-added quality enterprises. Labor-intensive industries like President Xia's instrument electronics factory are no longer popular in coastal areas. If the factory is located in inland areas, taking into account the logistics costs, there is not much cost advantage over local production in South Korea." Song Yi said bluntly.

When Xia Huiai heard Song Yi say this, her heart suddenly sank. She originally thought that she could enjoy the preferential policies of foreign companies by investing in the mainland, but it turned out that she was just being too enthusiastic.

Song Jingyan held Song Yi's hand and acted coquettishly, "Brother Yi, don't keep President Xia in suspense. If you have any good investment suggestions, you might as well tell Minister Xia. Minister Xia is not an outsider."

Xia Huiai found Song Jingyan's behavior a bit strange. She knew that Song Yi and Song Yuxi's family had a good relationship, but Song Jingyan was already married, so shouldn't she avoid suspicion with Song Yi?

Song Yi noticed Xia Huiai's eyes and gently patted the back of Song Jingyan's hand, "Jingyan, stop making trouble. I'm talking about serious business with President Xia." Song Jingyan also noticed Xia Huiai's strange look, stuck out her tongue, and stood obediently next to Song Yi.

"President Xia, there is no shortage of small electronics factories in the mainland. If you want to do your old business in the mainland, it is indeed difficult to gain a foothold, and you will not be able to compete with local Korean electronics brands. I know that President Xia may hope to open up the mainland market through the cooperation between Souhan.com and Taobao.com, but I have already researched your company's products, and they do not meet the selection requirements for the Taobao Korea Pavilion for the time being." Song Yi said.

When Xia Huiai heard what Song Yi said, she felt even more disappointed. The reason why she wanted to build a factory in the Mainland was to make use of SA Group's sales channels in the Mainland to sell the electronic products produced in her factory to the Mainland. However, Song Yi directly interrupted her idea.

"President Song, although this is the first time we have dealt with each other, you and my sister are good friends. You might as well just say whatever you want to say." Xia Huiai said.

"If you let me give you a suggestion, I would suggest you sell all the production lines in South Korea, then purchase equipment, build a factory in the mainland, and become an OEM supplier for our SA Electronics." Song Yi stated his ultimate goal.

The so-called OEM is the original equipment manufacturer, also known as designated production, commonly known as OEM production. Brand manufacturers do not directly produce products, but use their own core technologies to design and develop new products and control sales channels.

For example, Foxconn is Apple's OEM supplier. Every year, Foxconn assembles and produces Apple products, then ships them to the United States and sells them all over the world. SA Electronics would of course choose Foxconn, which has mature technology, to help produce the Galaxy S series of mobile phones at the beginning, but it would rather support an OEM supplier of its own, and Xia Huiai is a very suitable candidate.

Xia Huiai disagreed. OEM is also a labor-intensive industry. Why would she sell the instrument electronics factory and then transform into an OEM supplier for SA Electronics? Unless SA Electronics' OEM business is very large and can bring considerable revenue to her factory.

She immediately grasped the key point and said excitedly, "SA Electronics is also planning to enter the consumer electronics business? Are you planning to manufacture mobile phones, computers, or cameras?"

Both Samsung and LG, two electronics giants, produce in their own factories. Xia Huiai did not expect that Song Yi would be willing to outsource this part of the business to a OEM company.

South Korea's large conglomerates tend to be large and comprehensive. Samsung controls all aspects of Samsung mobile phones, from research and development, design, assembly and production to sales. The processors, memory, screens and all the hardware of Samsung mobile phones are provided by Samsung Electronics. This is also the reason why Samsung has been able to firmly occupy the high-end mobile phone market.

Song Yi felt that Xia Huiai was also a smart person, and she understood everything at once. "SA Electronics is indeed preparing to enter the mobile phone manufacturing field. SA Electronics will release its first mobile phone product in the second half of the year, and this phone is very competitive. According to our estimates, the global sales of this phone will be around 5 million units, and after 2008, SA Electronics' mobile phone production scale is expected to exceed 20 million units. It is the perfect time for President Xia to transform and enter the OEM industry."

Apple's first-generation iPhone sold 1.3 million units, the second-generation iPhone 3G sold more than 11 million units, Apple 3GS sold 20.7 million units, and iPhone 4 sold more than 39 million units.

For Apple, the first generation of iPhone was more like a concept phone, mostly purchased by some early adopters. iPhone 3G was an important breakthrough, because iPhone 3G has begun to support 3G networks, and iOS 1 system has officially landed on iPhone series phones, opening a new era of smartphone software and hardware integration.

The Galaxy S1 released by SA Electronics in the second half of the year is closer to the iPhone 3G and supports 3G networks. SA Soft has tailored the SuperOS 1.0 system for this phone. Galaxy S1 users can visit inschool and Yahoo Korea websites on their phones, and can also play "Happy Farm" and board games.

Song Yi originally planned to port the game "KartRider" to the Galaxy S1 mobile phone, but later found that the Galaxy S1's running memory and storage memory did not currently support running such a complex and large-scale game.

Xia Huiai was immediately attracted by the data Song Yi introduced. The revenue of the foundry mainly comes from two parts, one is the mobile phone motherboard business, and the other is the finished product assembly. The gross profit of these two parts combined is about $12.

The gross profit from 5 million mobile phones is 60 million US dollars, and the gross profit of this part of the business in the future will be as high as 240 million US dollars.

Xia Huiai never expected that Foxconn's parent company, Hon Hai Group, would become a manufacturing giant with revenue of over one trillion yuan by manufacturing 70% of iPhone phones.

However, Xia Huiai still needs to think carefully about the transformation of her own company. If she sells the Korean factory and then builds a factory in the mainland, the initial income will not be a small amount. If the sales of mobile phones produced by SA Electronics are not as expected, and Xia Huiai's foundry cannot get other suitable foundry business, the initial investment alone will make her lose money.

Song Yi knew that Xia Huiai still needed to discuss this with her sister Xia Meiai, so he understood. "President Xia, I will visit SA Electronics' Puhai Research Center during my visit to the mainland. SA Electronics' small-scale production of real phones has already come out. You might as well go with me to take a look. When you compare this phone with other phones on the market, you can make a better judgment. What do you think?"

When Song Jingyan heard that Song Yi was very confident about SA Electronics' new mobile phone project, she couldn't suppress her curiosity. "Brother Yi, from what you said, our group's new mobile phone will be on the market soon. How come there is no news in the company? You have done a great job of keeping it secret, right? Can I also go to the research center for a visit?"

Song Yi did not agree directly. "Puhai's research center is the last stop of our inland inspection. Wait until you have the energy to go to Puhai. This inland inspection schedule is quite intensive and is actually quite tiring."

Song Jingyan is currently a senior executive in the investment department of SA Bank and a middle-level cadre of SA Group. According to her position, she has no access to relevant materials about SA Electronics' mobile phone project, so it is normal for her to be a little curious.

The reason why Song Yi chose Guangzhou as the second stop of his inspection was because Guangzhou had a good investment project, UC Browser.

In 2004, He Xiaopeng and Liang Jie co-founded UC Youshi. He Xiaopeng led the team to develop products such as UC Browser and UC Paradise.

At present, the mainland has not issued 3G licenses to the three major operators. Mobile phone Internet access has become commonplace in the mobile Internet era, but it was still a new thing in 2006.

Because mobile phones in the mainland are currently still mainly using 2G Internet access mode, the speed at which mobile phone users access the Internet through their phones is very slow and the data charges are high.

UC Web Browser can reduce the traffic consumption when converting PC webpage content to mobile phones. Because it speeds up the mobile Internet access, netizens praise UC Web Browser as the most cost-effective browser. Moreover, UC Web Browser can open multiple webpages at the same time, alleviating people's anxiety of waiting.

The 3G network in the mainland only began to be widely popularized after 2008, so the UC Web browser has not yet been taken seriously by other investors.

In fact, Yu Yongfu, who served as the vice president of Lenovo Investment, later valued the investment project of UC Browser and recommended this project to his friend Lei Jun. Lei Jun, who led Kingsoft to complete the IPO, invested 4 million RMB in UC Browser without hesitation, helping UC Youshi to overcome difficulties. Lei Jun personally invested 2 million RMB, accounting for 10% of the shares. Later, in order to obtain the entrance to the mobile Internet, Alibaba spent 4.3 billion US dollars to acquire UC Browser. Lei Jun made a lot of money in the process of investing in UC Browser. Later, Lei Jun also invested in Xiaopeng Automobile, an electric car brand founded by He Xiaopeng.

The reason why Song Yi chose the UC Web Browser product is that it can be easily ported to the Galaxy S1 phone, as long as the UC team can develop a corresponding mobile phone version based on the Super OS 1.0 system.

SA Soft also developed a built-in browser for the Galaxy S1 series of mobile phones, but in the era of mobile Internet, the built-in browsers of mobile phone manufacturers have not set off any sparks. As powerful as Apple is, Safari browser still cannot compete with the two giants UC Browser and Penguin Browser in the mainland market.

When He Xiaopeng heard that Song Yi was coming to inspect UCWeb, he made preparations for the reception very early. Although Song Yi spent most of his time in South Korea, he was familiar with the Internet and capital markets in the mainland.

Song Yi has invested in four major Internet companies, namely Penguin, NetEase, Baidu and Alibaba. Both Xinya Advertising and Xinya Network have been listed on the Hong Kong stock market.

The Rong family, China's richest family on the Forbes Rich List, has assets of 1.64 billion US dollars, and Song Yi's current personal wealth has exceeded 8 billion US dollars.

He Xiaopeng didn't know why Song Yi was interested in the UC Browser project, but he really treated Song Yi as the God of Wealth. As long as Song Yi was willing to invest in UC Browser, UC Youshi would not have any funding problems for a long time.

He Xiaopeng originally wanted to treat Song Yi and his group to lunch first, after all, it was almost time for lunch.

Unexpectedly, Song Yi directly refused and said bluntly: "Mr. He, my schedule for this trip to the mainland is quite tight. I have to fly to Beijing in the evening. Let's take a look at your company's products as soon as possible."

When He Xiaopeng heard that Song Yi was going to fly to Beijing that night, he thought that Song Yi's visit was just a formality and he had no intention of investing, so he was disappointed. He had contacted the district leaders to attend Song Yi's welcoming banquet together, as the district also wanted to introduce one or two large projects from SA Group.

However, for the sake of face, he still cheered up and introduced the various products of UC Youshi. He Xiaopeng noticed that Song Yi was very interested in the product UC Web and asked many technical questions.

When it was time for lunch, UC Web co-founder Liang Jie invited Song Yi and his group to have dinner first. Song Yi seemed a little reluctant to leave, so he ate a box lunch in the conference room and then continued the meeting.

Song Yi also gave He Xiaopeng his own suggestions, asking UC Youshi to concentrate its manpower on developing the UC Web browser and also take into account the PC version of the UC browser. Song Yi also revealed to He Xiaopeng that SA Electronics would launch a new mobile phone in the second half of the year, and hoped that UC Youshi could develop an adapted UC Web browser based on the Super OS system.

Finally, Song Yi and UC Browser finalized the investment plan. Song Yi invested 5 million RMB in UC Browser in exchange for 20% of UC Browser shares. This investment was completed in the name of Yiying Shenghui Investment Partnership, and Song Yi also promised to follow up every round of financing of UC Browser. It can be said that UC Browser has completely gotten rid of the predicament of lack of money.

SA Electronics also paid UC Youshi RMB 5 million in advance to help the UC team develop an adapted UC Web browser for the Super OS system. The UC Web browser will also become the default browser for Chinese mobile phone users of the Galaxy S1 series.

After Song Yi and his team signed the agreement and headed for Tianhe Airport, He Xiaopeng looked at Liang Jie with emotion, "I really didn't expect that a billionaire could get used to eating boxed lunches. I almost thought that SA Group's investment was a failure."

Liang Jie took a puff of his cigarette. "Who says it's not true? In the past, even Moutai and Huazi couldn't handle certain investors. Investors like Song Yi are indeed rare."

"It can be seen that the reason why Song Yi is willing to invest in our UC is because he is interested in the UC Web browser project. According to the agreement, our UC needs to develop an adaptive browser for SA Electronics' mobile phones."

"In order to keep SA Electronics confidential, we at UC need to send a technical team to Puhai to develop an adaptive browser for SA Electronics' Super OS system. Xiaopeng, do you think I should lead the team or you should go there in person?" Liang Jie asked.

He Xiaopeng thought about it and said, "It's already the end of April, and SA Electronics' new mobile phone will be launched around the National Day. Time is tight and the task is heavy. I'd better go there myself. I'll leave the company to you. If you have any questions, just call me. At most, I can only travel between Puhai and Yangcheng."

"Super OS, SA Electronics named their mobile phone system Super System. I have great interest in SA Electronics' mobile phone system. Is their mobile phone system more powerful than Nokia's Symbian system?" said He Xiaopeng.

"Xiaopeng, since our company has already raised funds, do you want to meet with Yu Yongfu again? After all, Yu Yongfu was quite optimistic about the UC Browser project before." Liang Jie asked a key question.

If He Xiaopeng goes to Puhai to preside over the development of the Super OS version of UC Web Browser, and the company's main founder is not in Yangcheng, it will also affect UC's subsequent financing work.

He Xiaopeng thought for a moment, "If Lao Yu comes to Yangcheng, please help me receive him first, and I won't come back from Puhai. The Ms. Song next to Song Yi looks familiar to me. I think I have seen her at IDG Capital before. Please help me find out if it is her."

Liang Jie asked someone to confirm Song Jingyan's identity. Song Jingyan had indeed worked at IDG Capital for several years. IDG Capital was originally planning to promote Song Jingyan to partner, but Song Jingyan voluntarily gave up the promotion and finally joined the investment department of SA Bank.

When the vice president of Lenovo Capital heard that Song Yi invested RMB 5 million in UC Youshi in exchange for 20% of UC Youshi’s equity, he felt very sorry and thought he had missed a very good star project. He suggested Lenovo Capital to invest in UC Youshi at the beginning of the year, but the vice president Yu Yongfu could not make the decision. For the first time, he had the urge to leave Lenovo Capital and start his own business.

"Brother Yi, are you optimistic about the UC Browser project?" Song Jingyan couldn't help asking on the plane. Song Yi invested 5 million RMB in UC, of ​​which 100,000 RMB was jointly invested by Song Jingyan and Xia Huiai, who also held a small number of shares in UC Youshi.

"Super OS has too few applications. I am open to more and more developers joining in. Whether UC Web Browser can seize the opportunity of Galaxy S1 depends on He Xiaopeng himself."

Song Yi was also very curious, without the joining of Yu Yongfu and Lei Jun, could UC Browser still become the new king of mobile browsers in the mobile Internet era.

Writing Chapter 2

(End of this chapter)