Rebirth 1984: Starting with the development of Hanka

At this time, domestic Internet companies such as NetEase, Sina, and Sohu were speechless when they heard that Wujiang Group was about to raise funds for Weibo and Twitter.

Damn it, it’s already an Internet winter, and many investment companies are staying away from Internet companies.

Fortunately, now, investment companies are actually vying to invest in Weibo and Twitter, which makes these Internet companies feel embarrassed.

It really makes people envious and jealous!

"Sanshi, should NetEase also start a Weibo? I studied the Weibo launched by Wujiang Group, and this is really a genius idea!!! If Weibo can be done well, we can It is a powerful tool for controlling public opinion. At the same time, it is also a cash cow. As long as advertisements are hung on each user interface, the income will definitely be higher than that of the portal website!" A senior executive of NetEase said to Ding Sanshi with some excitement.

Advertising revenue is linked to traffic. Weibo’s development model and user scale are destined to have much higher traffic than portal websites.

Moreover, Weibo can target different users with precise advertising investments. For example, travel bloggers place ads related to tourism; food bloggers place ads related to food...

NetEase is now mainly a portal website and has not yet started to get involved in games.

Weibo has just come out, and the difficulty of development is not high. If we enter this field now, we still don’t know who will win in the end. NetEase may get a piece of the pie.

Ding Sanshi hesitated slightly. The Matthew effect in the Internet industry is very large. "The strong get stronger and the weak get weaker." If NetEase develops Weibo, it may end up in vain and suffer heavy losses.

However, considering such a good opportunity now, it would be a pity if NetEase does not pursue it, and NetEase's investors may also be dissatisfied.

After thinking for three minutes, Ding Sanshi said in a deep voice: "Okay, we will also make Weibo! Mr. Xue, organize the programmers to work overtime and try to develop the website in a week!"

Xue Mingtian smiled and said: "Haha, okay, no problem!"

Website development is not difficult. For individual developers, it usually takes several months to develop a website. If there is a team, the speed will be faster. If there are ready-made websites that can be imitated, the speed will be even faster.

At this time, domestic Internet companies such as Sina and Sohu also started developing Weibo.

They organized manpower one after another to start plagiarism.

……

Major investment companies around the world are more optimistic about Weibo and Twitter launched by Wujiang Group.

On the morning of September 9th, representatives from investment companies came to Wujiang Building one after another.

A unique investment negotiation meeting was held here.

Fu Xiaoyue stepped onto the stage and began to announce the development of Weibo and Twitter websites to the public.

"So far, the number of Weibo users has exceeded 3000 million, and the number of Twitter users has exceeded 5000 million."

"Page views (pv), Weibo has reached 6 million, and Twitter has reached 12.5 billion."

Listening to Fu Xiaoyue's introduction, the investors in the audience were all shocked.

These data are so explosive!

Weibo and Twitter are so popular!

Fu Xiaoyue seemed not to notice everyone's surprise and continued: "Both Weibo and Twitter have launched 'hot search lists'. Both lists are very popular among users. Most users open Weibo or After tweeting, I just want to see what things can be on the 'Weibo Hot Searches' or 'Twitter Hot Searches' today!"

Hearing this, many people in the audience couldn't help but feel the same way. They also immediately looked at the hot search list on Weibo or Twitter.

More and more people are starting to get news information from Weibo or Twitter's trending search lists instead of reading newspapers or logging onto portals.

It can be expected that after the rise of Weibo and Twitter, even portal websites will decline.

In the future, in order to gain exposure, many celebrities will definitely try their best to climb the charts. Doesn't this cost money? Of course, we have to give money to Weibo and Twitter. Who gets on the list is not decided by the website.

Fu Xiaoyue had finished the introduction at this time. She took a sip of water, brushed her hair with her right hand, and looked at the representatives of major investment companies in the audience with a bright smile.

"Representatives of investment companies, please start your quotations now. We will announce the list of bidding investors in half an hour!"

Fu Xiaoyue finished speaking and left the stage.

Suddenly, the atmosphere in the audience became serious and strange, and everyone present was a competitor.

Everyone wants to get this investment opportunity.

No one is going to find out the valuation given by competitors at this moment.

Everyone was silent, thinking about how many numbers they should fill in to impress Wujiang Group.

Time passed little by little, and soon everyone submitted their quotations to the staff of Wujiang Group.

Fu Xiaoyue and others looked at the quotation, studied it for a while, and settled on the result.

Weibo’s investors must be state-owned investment companies. In the end, China International Capital Corporation, CITIC Group Co., Ltd., and China Investment Corporation were selected. They are all well-known, powerful, and influential state-owned enterprises in the country.

Twitter’s investors are mainly European and American companies, and it finally selected Vanguard, Goldman Sachs and Sequoia Capital.

While the investment representatives were waiting anxiously, Fu Xiaoyue finally appeared.

"Everyone, please stay with the representatives of the investment companies whose names I will read later. Others can leave."

"The investment companies that have invested in Weibo are: China International Capital Corporation, CITIC Group Co., Ltd., and China Investment Corporation."

“The investment companies that have invested in Twitter are: Vanguard, Goldman Sachs, and Sequoia Capital.”

After Zhao Ye finished speaking, some people were happy and some were worried.

The representatives of those companies whose names were not read out were all dejected and regretful. If they had known it was so complicated, their quotations should have been higher.

At this time, the staff began to invite those who did not win the bid out.

Representatives of the winning bidders were left to continue the detailed discussions.

In the next hour or so, various investment companies discussed with each other how many shares they wanted to hold.

Soon, Weibo’s three investment companies had finalized their investment ratios.

The three state-owned investment companies have the same shareholding ratio, each holding 5% of the shares.

Weibo’s post-investment valuation exceeds US$50 billion, with each company providing US$2.5 million, and a total of US$7.5 million raised.

Competition on Twitter is fierce.

After mutual compromise, Vanguard, Goldman Sachs, and Sequoia Capital's shareholding ratios were 7%, 5%, and 3% respectively, and they also took away 15% of Twitter's shares.

Because Twitter has users all over the world, its market value is even higher, with its post-investment valuation exceeding US$100 billion and a total of US$15 billion raised.

Weibo and Twitter were able to raise so much money in their first round of financing, which shows that investment companies are very optimistic about the development of Weibo and Twitter.

When the rest of the Internet saw this, they could only feel envious and jealous.

Weibo and Twitter not only have first-mover advantages, but also rely on the parent company Wujiang Group, so the possibility of website failure is almost zero. This is why Internet companies under Wujiang Group are so sought after by investment companies, with valuations of So high...