“Quantum Pixels are the main sinking market.”
Editor’s note: This article is from WeChat public account “Financial Graffiti (ID: caijingtuya), author StoneJin,edit tuya.
According to the company’s intelligence expert “Financial Graffiti” news, Baidu glutinous rice CEO, Baidu local life general manager Fu Haibo’s entrepreneurial project “quantum pixel” has recently received angel round financing from the Royal Capital. According to “Tech Planet”, the project focuses on local life services in the sinking market.
Baidu Encyclopedia shows that Fu Haibo (BillFu) had several entrepreneurial experiences before joining Baidu. He was the president of Maihe Xintong Company and the founder of Black Rice Technology. In 2011, Fu Haibo joined Baidu after the offline business and team of Black Rice Technology Company was acquired by Baidu.
After joining Baidu, Fu Haibo has served as the head of Baidu’s operation planning management department, the head of the business operation department, the general manager of Baidu direct sales system, the deputy general manager of Baidu Demi, the general manager of Baidu Demi, and the general manager of Baidu’s local business. In June of this year, Fu Haibo chose to leave from Baidu.
The “Tech Planet” report pointed out that “Quantum Pixels” is developing a product matrix for the main population of the sinking market (silver economy, town youth, housewives, etc.), and some products have been developed into the internal testing phase.
天眼查数据显示 In August of this year, Quantum Pixel’s operating entity, Quantum Pixel (Beijing) Technology Co., Ltd., has obtained the angel round investment of Yushi Capital, which holds a total of 15%; at that time, Fu Haibo left Baidu only. In two months.
It is worth noting that the reason why quantum pixels can be favored by VC in such a short period of time is largely based on the team of Royal Capital for Fu Haibo.
“Financial Graffiti” has checked the information of Tianyue and found that in the list of shareholders of one of the imperial capital investment entities – Ningbo Meishan Bonded Port Area Houyi Zhiren Venture Capital Partnership (Limited Partnership), it has just resigned in May. The name of Xiang Hailong, the former senior vice president of Baidu and the president of the search company.
Business card information also shows that LP (Limited Partner) of Yushi Capital is the founder of nearly ten listed companies. The team has rich industry experience and resources, which not only can meet the financial financing needs of entrepreneurs, but also can promote the direct cooperation between start-ups and many industry giants, and even establish strategic cooperation, helping the project to bridge the gap between user growth.
In addition, Deng Mingsheng, the founding partner of Yushi Capital, has been serving Baidu since 2006. He has been responsible for business analysis, sales operations, business development and investment. He served as general manager of Baidu Alliance and was responsible for Baidu’s industry ecology. With tens of billions of strategic cooperation and investment, many projects such as fast-handed investors have gained nearly 10 times direct economic benefits.
Fu Haibo also had a long time reporting relationship to the direct and superior levels during his time at Baidu. In the former Baidu company vice president, Baidu glutinous rice general manager Zeng Liang was dismissed for alleged corruption, he once served as general manager of Baidu 糯米, when Fu Haibo was the deputy general manager of Baidu 糯米.
On July 31, 2017, Baidu issued an internal mail notification. Fu Haibo, the former deputy general manager of Baidu 糯米, has been the general manager of Baidu 糯米 from now on, and continues to report to Hailong, the senior vice president of Baidu and the president of the search company.
All indications indicate that Xianghai is one of the LPs of Yushi Capital. The investment in the angel wheel of Quantum Capital by the Royal Capital can also be understood as a high degree of trust in Hailong’s former subordinates.
Since leaving the position of “Baidu Second Hand” in May this year, he repeatedly told Hailong that he has been making personal angel investment since July 2018 and has invested more than 20 startup companies. The goal is to do VC, plan to raise a 200 million yuan RMB fund, focusing on angel investment.