The rebirth of the Hong Kong Island chaebol, starting with a short-selling Eagle Sauce
Chapter 344 Longguo Internet, the opportunity to control Qianlang Weibo
Such a resonant answer made the leaders couldn't help but applaud Mr. Ren.
They saw a pattern of national entrepreneurs. UT regarded Long Wei as a life and death enemy, but Long Wei had already set its sights on the international world and wanted to fight the international giants with real guns and swords.
One leader lamented: "The road ahead is not going to be easy."
Neither Motorola nor Ericsson has a market value of tens of billions of dollars.
Regarding the responses given by Long Wei and Sanshi, the leaders of the information department briefly exchanged opinions and then made a decision:
"The development of Suixintong business is in line with the needs of our current era. Our attitude is not to encourage or interfere. Of course, if Longwei and Sanshi's qualifications meet the standards, we will issue a mobile phone production license!"
When it comes to qualifications, Long Wei definitely has no problem.
Non-encourage and non-interference means that Longwei can engage in Suixintong business and discuss cooperation with local telecommunications bureaus.
The matter then came to an end.
When Wuyin heard the news, she laughed with tears.
Fortunately, PHS using cellular technology has finally been released from restrictions and can develop as desired.
Sadly, PHS has a strong rival, and with the exposure of the media, the public is more interested in 100% domestically produced Xixin Tong.
However, PHS is burdened by its "reputation". If someone brings up the old issue again in the future, it will definitely be boycotted by the public.
He even came up with the idea of asking Boss Sun to divest his capital.
But Boss Sun’s money can’t be taken whenever he wants, and he can return it whenever he wants.
Most of Boss Sun's 3000 million investment was used to purchase Sakura people's technology patents. No matter how you calculate this transaction, it is a loss.
There was naturally a burst of joy within Longwei, and Li Nan, who was far away in the Magic City Laboratory, also heard the news.
He thought slightly, Longwei could also produce his own mobile phone!
He finally had the answer to the question that Mr. Ren asked him.
……
An avant-garde Ferrari sports car was parked on the East Gate Pedestrian Street of Shenzhen City.
In the past, there were some small stalls and hawkers operating here, but after the transformation of Wang Real Estate, it has become the largest commercial center in Shenzhen.
Liu Jianhao jogged and opened the car door for Wang Lei.
"Boss, it's really great that you can come and cut the ribbon for our newly opened Wumart Mall."
Looking at Liu Jianhao, who had gained weight again, Wang Lei said with a smile:
"Only you, Fatty Liu, have this ability. Even when you open a new store, I have to cut the ribbon myself."
Liu Jianhao smiled sheepishly:
"Boss, I am also entrusted by someone. There is a friend who wants to chat with you."
"Is this the Wang Zhidong you mentioned before?"
"Yes, boss, since you are here, you must be willing to meet him, right?"
Wang Lei nodded. It took him a long time to remember who Wang Zhidong was.
The founder of Qianlang.com, he led Qianlang.com to go public in the United States in April 2000. The stock price was once as high as US$4 per share.
As the first person to go public in the United States and eat crabs, Wang Zhidong was once as famous as Ding Lei, a pig farmer.
But his moment of glory was very short.
Not long after, the Internet bubble in the United States completely exploded. Qianlang.com's stock price once fell to 1.6 yuan per share, turning it into a junk stock. NetEase, which was fighting a one-dollar battle to defend the US stock market, became close brothers in the US stock market. The two companies were on the verge of being withdrawn from their shares. Pull.
In June 2001, Wang Zhidong was collectively removed from the board of directors and lost his position as chairman.
Looking back now, Wang Zhidong's experience is sad. He is an idealist and has always wanted Qianlang to become a high-tech software company.
The existence of capital is to pursue profits, and they hope that Sina will become an Internet portal.
He was not a major shareholder originally. After multiple rounds of financing, 20% of the shares were diluted to 6%, which caused him to lose control of Qianlang.
He also did not have Teacher Ma's ability to check and balance the shareholders of all parties, so he was resisted by all shareholders, and even his subordinates did not support him.
Of course, at this time, Qianlang is not called Qianlang, but Sitonglifang.
The reason why Wang Zhidong approached Wang Lei was also very simple. He must have wanted a financing from the Bailong Consortium.
After cutting the ribbon, Wang Lei did not accept interviews from the media, but came to the office of the general manager of Wumart Mall.
A group of staff members were extremely nervous when they saw the big boss.
To be honest, Wang Lei is their boss’s boss’s boss.
As for the general manager of this shopping mall, he would naturally stand guard outside the door while the big bosses were chatting.
"Zhidong, nice to meet you."
The first generation of Internet founders in Longguo are all emotional. He hurriedly shook hands with Wang Lei as if he were seeing an idol.
Before he could sit down, Wang Lei, who was sitting on the boss's chair, had already asked:
"Are you, Sitong Cube, looking for new financing parties?"
Wang Zhidong nodded. Before they met, he received a reminder from Liu Jianhao. This big boss didn't like to talk nonsense and liked to be straightforward.
He did not hide it from Wang Lei and said frankly:
"We plan to acquire the largest Chinese community website in North America and need a large amount of funds."
"Okay, no problem. You can directly talk to Li Qilin about the specific financing matters."
Wang Zhidong was stunned. He didn't expect that all the words he had prepared would be useless. Was the boss acting too decisively?
Wang Lei smiled and said:
"I am very optimistic about Sitong Cube. You are a very good person, and that is enough."
The most profitable business of Qianlang is naturally Qianlang Weibo, which was founded later, which is the existence of Penguin Weibo.
When Penguin was at its peak, it defeated its seed products head-on.
After Qianlang Weibo went public, its stock price soared, becoming Qianlang's most promising product.
Next, the two sides chatted about their views on the Internet.
Wang Zhidong admired the eloquent Wang Lei more and more. The largest individual investor in Silicon Valley was simply his best mentor. Wang Lei could quickly inspire him and make him enlightened by the questions he asked.
A few people unknowingly talked about the issue of holdings.
Wang Zhidong said frankly:
"When Stone Group decided to invest in me, I hesitated. The 500 million investment took away 80% of my shares. It is very dangerous for one company to dominate, but I have no more choices, so I have been Continuously attract new shareholders to the board of directors..."
Wang Lei was helpless and just said:
"Zhidong, a start-up company, it is the best choice to give 10% of the first financing, but 20% is dangerous. After financing again and again, the founder's shares will be greatly diluted, thus losing control. control of the company.”
"Then what should I do now?"
"You must be careful with every financing you make next, and you must find a capital party that unconditionally approves you. Only in this way can board members check and balance each other."
Wang Zhidong nodded repeatedly and promised:
"Don't worry, Mr. Wang, I will look to you for every subsequent financing."
After hearing this, Wang Lei nodded with satisfaction. What he wanted was Wang Zhidong's attitude.
Who would give up the opportunity to control Qianlang Weibo?
They saw a pattern of national entrepreneurs. UT regarded Long Wei as a life and death enemy, but Long Wei had already set its sights on the international world and wanted to fight the international giants with real guns and swords.
One leader lamented: "The road ahead is not going to be easy."
Neither Motorola nor Ericsson has a market value of tens of billions of dollars.
Regarding the responses given by Long Wei and Sanshi, the leaders of the information department briefly exchanged opinions and then made a decision:
"The development of Suixintong business is in line with the needs of our current era. Our attitude is not to encourage or interfere. Of course, if Longwei and Sanshi's qualifications meet the standards, we will issue a mobile phone production license!"
When it comes to qualifications, Long Wei definitely has no problem.
Non-encourage and non-interference means that Longwei can engage in Suixintong business and discuss cooperation with local telecommunications bureaus.
The matter then came to an end.
When Wuyin heard the news, she laughed with tears.
Fortunately, PHS using cellular technology has finally been released from restrictions and can develop as desired.
Sadly, PHS has a strong rival, and with the exposure of the media, the public is more interested in 100% domestically produced Xixin Tong.
However, PHS is burdened by its "reputation". If someone brings up the old issue again in the future, it will definitely be boycotted by the public.
He even came up with the idea of asking Boss Sun to divest his capital.
But Boss Sun’s money can’t be taken whenever he wants, and he can return it whenever he wants.
Most of Boss Sun's 3000 million investment was used to purchase Sakura people's technology patents. No matter how you calculate this transaction, it is a loss.
There was naturally a burst of joy within Longwei, and Li Nan, who was far away in the Magic City Laboratory, also heard the news.
He thought slightly, Longwei could also produce his own mobile phone!
He finally had the answer to the question that Mr. Ren asked him.
……
An avant-garde Ferrari sports car was parked on the East Gate Pedestrian Street of Shenzhen City.
In the past, there were some small stalls and hawkers operating here, but after the transformation of Wang Real Estate, it has become the largest commercial center in Shenzhen.
Liu Jianhao jogged and opened the car door for Wang Lei.
"Boss, it's really great that you can come and cut the ribbon for our newly opened Wumart Mall."
Looking at Liu Jianhao, who had gained weight again, Wang Lei said with a smile:
"Only you, Fatty Liu, have this ability. Even when you open a new store, I have to cut the ribbon myself."
Liu Jianhao smiled sheepishly:
"Boss, I am also entrusted by someone. There is a friend who wants to chat with you."
"Is this the Wang Zhidong you mentioned before?"
"Yes, boss, since you are here, you must be willing to meet him, right?"
Wang Lei nodded. It took him a long time to remember who Wang Zhidong was.
The founder of Qianlang.com, he led Qianlang.com to go public in the United States in April 2000. The stock price was once as high as US$4 per share.
As the first person to go public in the United States and eat crabs, Wang Zhidong was once as famous as Ding Lei, a pig farmer.
But his moment of glory was very short.
Not long after, the Internet bubble in the United States completely exploded. Qianlang.com's stock price once fell to 1.6 yuan per share, turning it into a junk stock. NetEase, which was fighting a one-dollar battle to defend the US stock market, became close brothers in the US stock market. The two companies were on the verge of being withdrawn from their shares. Pull.
In June 2001, Wang Zhidong was collectively removed from the board of directors and lost his position as chairman.
Looking back now, Wang Zhidong's experience is sad. He is an idealist and has always wanted Qianlang to become a high-tech software company.
The existence of capital is to pursue profits, and they hope that Sina will become an Internet portal.
He was not a major shareholder originally. After multiple rounds of financing, 20% of the shares were diluted to 6%, which caused him to lose control of Qianlang.
He also did not have Teacher Ma's ability to check and balance the shareholders of all parties, so he was resisted by all shareholders, and even his subordinates did not support him.
Of course, at this time, Qianlang is not called Qianlang, but Sitonglifang.
The reason why Wang Zhidong approached Wang Lei was also very simple. He must have wanted a financing from the Bailong Consortium.
After cutting the ribbon, Wang Lei did not accept interviews from the media, but came to the office of the general manager of Wumart Mall.
A group of staff members were extremely nervous when they saw the big boss.
To be honest, Wang Lei is their boss’s boss’s boss.
As for the general manager of this shopping mall, he would naturally stand guard outside the door while the big bosses were chatting.
"Zhidong, nice to meet you."
The first generation of Internet founders in Longguo are all emotional. He hurriedly shook hands with Wang Lei as if he were seeing an idol.
Before he could sit down, Wang Lei, who was sitting on the boss's chair, had already asked:
"Are you, Sitong Cube, looking for new financing parties?"
Wang Zhidong nodded. Before they met, he received a reminder from Liu Jianhao. This big boss didn't like to talk nonsense and liked to be straightforward.
He did not hide it from Wang Lei and said frankly:
"We plan to acquire the largest Chinese community website in North America and need a large amount of funds."
"Okay, no problem. You can directly talk to Li Qilin about the specific financing matters."
Wang Zhidong was stunned. He didn't expect that all the words he had prepared would be useless. Was the boss acting too decisively?
Wang Lei smiled and said:
"I am very optimistic about Sitong Cube. You are a very good person, and that is enough."
The most profitable business of Qianlang is naturally Qianlang Weibo, which was founded later, which is the existence of Penguin Weibo.
When Penguin was at its peak, it defeated its seed products head-on.
After Qianlang Weibo went public, its stock price soared, becoming Qianlang's most promising product.
Next, the two sides chatted about their views on the Internet.
Wang Zhidong admired the eloquent Wang Lei more and more. The largest individual investor in Silicon Valley was simply his best mentor. Wang Lei could quickly inspire him and make him enlightened by the questions he asked.
A few people unknowingly talked about the issue of holdings.
Wang Zhidong said frankly:
"When Stone Group decided to invest in me, I hesitated. The 500 million investment took away 80% of my shares. It is very dangerous for one company to dominate, but I have no more choices, so I have been Continuously attract new shareholders to the board of directors..."
Wang Lei was helpless and just said:
"Zhidong, a start-up company, it is the best choice to give 10% of the first financing, but 20% is dangerous. After financing again and again, the founder's shares will be greatly diluted, thus losing control. control of the company.”
"Then what should I do now?"
"You must be careful with every financing you make next, and you must find a capital party that unconditionally approves you. Only in this way can board members check and balance each other."
Wang Zhidong nodded repeatedly and promised:
"Don't worry, Mr. Wang, I will look to you for every subsequent financing."
After hearing this, Wang Lei nodded with satisfaction. What he wanted was Wang Zhidong's attitude.
Who would give up the opportunity to control Qianlang Weibo?
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