Dajiang founder Wang Yan: I do not want to share the sky with others

So far, Wang Hao has not had any experience of being trapped. He pays taxes on time and rarely drinks alcohol. However, in January this year, on the eve of an interview with Forbes magazine, this was Wang Xi’s first public interview with Western media this year. The Chinese who happened to be the world’s first billionaire in the drone industry found himself on the booth. A major event has offended the U.S. authorities.

In Washington, DC, about 8,000 miles away from Wang Xi’s Shenzhen office, a U.S. government intelligence agent drank a little more alcohol and then went out to play with his friend’s quadrotor drone in the early hours of the morning. Because he had no operational experience, the drone eventually disappeared into the night sky. After a short search for no results, he drunk and gave up. At dawn, the drone was found crashed on the White House lawn. This incident immediately attracted the attention of the global media. The Secret Service responsible for the president’s security affairs subsequently launched an investigation.

Consumer UAV Market Overlord

This drone was made by Wang Hao. In April this year, the protesters also used another drone built by Wang Hao to carry a bottle of radioactive waste and landed on the roof of the Japanese Prime Minister’s Mansion. One month earlier, a UAV he developed was also used by criminals. Send drugs, mobile phones and weapons to a prison outside London. People use your products to constantly challenge the legal and social bottom line. This will surely make most corporate CEOs sit on the table, but the low-key Chinese who dominate the global drone revolution are not worried.

Wang Jun, 34, said: "I don't think these are big events." Wang Wei is the founder of Dajiang. According to the market research organization Frost & Sullivan, DJI's share in the global consumer drone market is 70%. Dajiang then used a morning to develop a software update that was then pushed to all of its drones. After the upgrade, they would no longer appear within 15.5 miles of downtown Washington, DC. "This incident itself is not a big deal," he said.

Last year, Dajiang sold about 400,000 UAVs—many of which were the main models of the “Phantom” series. This year's sales revenue is expected to exceed US$1 billion, compared to 500 million in 2014. The dollar has doubled. Informed sources revealed that Dajiang’s profits have reached 120 million US dollars. Between 2009 and 2014, DJI’s sales grew at a rate of two to three times per year. Investors also believe that DJI can still maintain this dominance in the next few years.

In May of this year, Dajiang received $75 million in investment from AccelPartners. According to people familiar with the matter, the company's valuation in this round of financing was about $8 billion. Dajiang is still implementing a new round of financing with a valuation of US$10 billion, and Wang Xi’s personal assets holding approximately 45% of the company’s shares will reach US$4.5 billion. Thanks to this deal, Dajiang’s board chairman and two early employees are expected to become billionaires. Frost & Sullivan analyst Michael Blades said, “Dajiang created the non-professional unmanned aerial vehicle (UAV) market, and everyone is now catching up with DJI.”