Reinventing the Millennium.

Chapter 742 Concerned about Victory and Defeat (Two in One)

The number of people in Hang Lung Conference Room 23 increased as the meeting progressed.

When the investor session was over, Wang Xing watched Mr. Fang call in executives from various departments of Yike from time to time. For a while, he didn't know whether to be grateful to Mr. Fang for his attention, or to envy Yike's many soldiers and generals.

The meeting lasted from 06:30 p.m. to [-] p.m., and the topic gradually changed from a social network project like Xiaonei.com to how to fight against a traffic overlord like Penguin.

Wang Xing noticed a director’s statement that the scale of Xiaonei can be rapidly promoted, and the speed of development can be accelerated. It doesn’t matter whether it goes public in the United States or Hong Kong, and backdoors are also possible. In the mid-term, it will rely on financing from the secondary market to relatively independently compete with Penguin Social web business.

He felt that this type of idea was something he had never considered. Although he still had some hopes for the project's prospects this month, he never thought about where the hopes fell.

"It's a bit late. I'm here today. Thank you for your hard work. Regarding the promotion and operation of Xiaonei.com, Mr. Chen, you combine Mr. Wang's ideas." Fang Zhuo glanced at his watch and finally said, "It's the upward development office. For the route of the white-collar group, you save up a plan and continue to connect with Sina tomorrow to see if there are any good additions."

Fang Zhuo glanced around and didn't see any doubts. He got up and announced the end of the meeting, and signaled Wang Xing to follow him to the president's office.

Some people left the conference room in a hurry, and some people were still discussing temporary work in the conference room. Only Wang Fengyi, with his hands behind his back, Shi Shiran followed Mr. Fang into the office.

"Brother Wang, I have to receive a work report from New York later, so you can meet Mr. Wang for me at night." Fang Zhuo glanced at Wang Fengyi who was waiting for dinner, "This meeting is so long, Mr. Wang must hungry."

Wang Fengyi lifted his spirits, yes, he is good at this.

The secretary poured tea for the three of them.

Fang Zhuo thought for two seconds, and said to Wang Xing: "Mr. Wang, today you also saw that investors, Yike executives, and me are optimistic about social networks, but when it comes to your Xiaonei project, because there are penguins. Competition, according to my opinion, your management’s shareholding ratio must be greatly reduced, and this must be said first.”

Wang Xing nodded without hesitation, he could accept this.

"Of course, the decision-making power of your management is still relatively independent." Fang Zhuo continued to use a "relative" term, explaining, "If it was No. 1, I would definitely not say that, but an opponent like Penguin , I think you can consider our proposal when the time is right."

Wang Xing still nodded without hesitation, and he could accept this.

The immaturity of his own team has been fully exposed, and the Yike discussion process he participated in tonight's meeting let him see the capabilities of a mature team.

Wang Xing felt that this month's experience had made him sincere and calm in his heart, and what Mr. Fang said was definitely the best way to deal with the current situation.

He hesitated for two seconds, and decided that there was something he had to say first.

"Mr. Fang, before I came, our company was basically willing to accept the purchase price of 1500 million from Thousand Oaks Group Chen Yizhou."

Fang Zhuo was not surprised when he heard this, and said with a smile, "1500 million? Isn't that the price I gave on the 1st? Even if it is going to be sold to Chen Yizhou, it shouldn't be sold at such a low price."

Wang Xing was taken aback, and explained: "Our financial situation is not good, and there is competition from penguins."

At this time, Wang Fengyi, who was drinking tea beside him, said, "I remember Mr. Fang answered a question on a CCTV program before. What should he do if his project is favored by a giant? Mr. Fang said that it is a good thing, which means that the giant Everyone is optimistic about this track, and investors should rush to invest money.”

He said to Wang Xing: "You didn't just listen to this purchase price, did you? If you really want to sell, go directly to Zhanzuo.com invested by Sequoia, or simply go to Penguin. It must be more than 1500 million, how many There has to be a premium."

Wang Xing looked at the investor Mr. Wang, then at the smiling Mr. Fang, and murmured: "Yes, I just heard this one. Zhanzuo.com was transferred from us by Sequoia...Penguin directly contacted us. We compete against..."

Wang Fengyi said disapprovingly: "What's the big deal? You're going to sell it, why bother so much? If I were you, I'd sell it to Penguin, so I can rest assured that my son will be handed over to a rich family."

Wang Xing suddenly felt that Mr. Wang was so attractive...

"Okay, Brother Wang, stop teasing Mr. Wang." Fang Zhuo said with a smile, "I'm still very optimistic about Mr. Wang's ability. This kind of tempering by being abandoned by venture capital, being competed by penguins, and eccentric partners is rare. After paying this tuition fee, it can be remembered for a lifetime in the future.”

Wang Xing felt that whatever Mr. Fang said was right in his heart?
Wang Fengyi stopped talking, he wasn't joking, if the situation changed to Boss Fang, wouldn't it be a joke?Is Mr. Wang, a young man with little skill in micromanagement?

"1500 million is not too much difference, but the purchase price is the purchase price, and this figure alone can't fight Penguin." Fang Zhuo said seriously, "Counting Yike Investment, Shenxin Kechuang, IDG, Sina, this is four Home, I plan to ask Goldman Sachs again, after all, they must know the prospects of social networks like Facebook in the United States, and they should also be interested in projects in the East.”

Wang Xing didn't hide his surprise. The four participating companies today are not enough?Even want to pull in another powerful Goldman Sachs?

Fang Zhuo simply said: "I think it is necessary."

He did not explain the deeper considerations.

One of the reasons why Goldman Sachs will not tell others is that in many cases, Goldman Sachs is a good middleman.

Penguin's listing is operated by Goldman Sachs.

In addition, Liu Chiping, who joined Penguin last year as the chief strategic investment officer and started to serve as the president of Penguin in February this year, is from Goldman Sachs and once operated the reorganization of the famous GDH Group.

With Goldman Sachs joining the investment in Xiaonei, one is to solve part of the funding needs, and the other is to leave an easy way out for this project.

Competing with giants is extremely costly.

Take the development that originally acquired Xiaonei and then changed its name to Renren.com, the purchase price was only 200 million US dollars, but then it raised 3.84 million US dollars from Softbank Group to support the development until it went public.

Later, facing competition from rivals such as Penguin and Sina Weibo, Renren burned at least US$3 million in cash, but still failed to turn things around.

The competitive environment at that time was of course different, but the psychological preparation for burning money must be done well. After all, today’s Penguin has been favored by the secondary market, and it will not be soft when spending money.

Fang Zhuo doesn't plan to use himself as the main force to burn the money, because there are many places to use the money now.

And, I don't plan to burn money until there is nothing left.

IDG, Shenxin Kechuang, Yike Investment, Sina, Goldman Sachs, these are either their own sons and godsons, old friends, or repeated collaborators. In the face of the entry of penguins, it is of course possible to fight, but also Think about defeat before winning.

Of course it's best if it succeeds.

What if it really fails?

Goldman Sachs and Shenxin Kechuang, Penguin shareholders, can jointly promote Penguin's acquisition of Xiaonei.com.

There is a saying in the investment circle that the money earned by the early investors is the money of the late investors.

You can lose if you lose, but you can't lose money.

Anyway, there are competing products that can be produced in the same line as blog → Weibo, and Sina is currently the most skilled company in social media platforms.

Anyway, the competition after the advent of the mobile era is bloody.

A project such as Xiaonei.com is not a problem for Fang Zhuo, and QQ alumni is not a problem for Penguin either.

The real backbone is the huge flow of penguins.

Fang Zhuo judged objectively from his heart that even if he could raise money and adjust resources, it might not be easy for him to work for a penguin who also has money, resources, and traffic.

But this does not prevent each other from learning from each other.

Right now, he can't tell how much Penguin attaches importance to social networks like QQ alumni.

If Penguin is doing it normally, then there is great hope for this wave of competition.

If Penguin is trying its best to invest, then its play style suitable for traffic conversion this time will not be able to deal with it normally.

Before changing, Fang Zhuo might have called Ma Huateng directly to ask about the situation.

However, this time there was some direct friction, and Xu Chenye, who was one of the five tigers on the Penguin side, stood up and spoke out, so let's pass the fight first.

Fang Zhuo thought a lot in his mind, and planned to decide how to promote the next direction according to the specific competition situation, but now facing the ignorant Wang Xing, what he showed was the financial and resource support that Xiaonei needed most.

Is it necessary to talk to Wang Xing about all kinds of considerations?

Seems unnecessary.

The current Wang Xing can maintain his bravery and diligence, as long as his Dao Xin is not broken by the entry of giants.

Fang Zhuo chatted with Wang Xing for a while. Seeing that the time was approaching nine o'clock, he asked Wang Fengyi to go outside with obviously excited Xiaoxing to solve the problem of food and clothing, while he still had some work to deal with.

The time in Shanghai and New York was reversed, and it was not until eleven o'clock in the middle of the night that Yu Hong's exchange on the progress of the Android system and mobile phone development was completed.

R&D centers have been set up in both places, but the emphasis is different.

I don’t know if it affected Apple’s strategy because Yike took the initiative to break the news about its mobile phone. Recently, news about its mobile phone has gradually increased. However, Wall Street and the industry generally do not support the two companies entering the highly competitive market. Mobile phone market.

After Fang Zhuo put down the phone, he summed up the news reported by Xiao Yu, and considered whether to let the Android Center here in Shencheng go to the United States to study, and the progress was indeed a lot worse.

At 11:30, Xiong Xiaoge called.

Now he is talking more and more directly with Mr. Fang, and he doesn't bother to exchange pleasantries: "Xiaonei is going to be an oriental Facebook?"

"Let's do it, I think Wang Xing is quite organized." Fang Zhuo replied.

Xiong Xiaoge said: "This kind of direct competition with Penguin is also in the style of play that it is good at. If you don't do it yourself, let Wang Xing do it. I don't feel confident about voting."

"Next time you come here, just bring a knife and cut me in half. Yike, Yigou, Bingxin, I don't have any extra time. There are endless things to do. I think he is not bad. Besides, the key We will also communicate about decision-making." Fang Zhuoyou said, "Uranus is the main player, and I will play support to check for gaps and make up for omissions. I think this year's domestic situation may be a year of e-commerce and social networking."

Xiong Xiaoge understands this meaning, and e-commerce naturally means that domestic and local competition is likely to intensify, the social year, Xiaonei, 5Q, Zhanzuo, QQ alumni, and earlier blogs, QQ space, the concept of this aspect Also very hot.

He was silent for a while, and asked, "The penguin looks like a real thing, can it really be beaten?"

After Xiong Xiaoge said this, without waiting for Mr. Fang to answer, he immediately explained: "It's not that I don't trust your judgment and ability... It's... It's that the power of Penguin traffic has reached the point where I am astonished."

Mr. Fang is of course very talented in business, but the good results achieved by Penguin Space, e-commerce, games, portals and other fields in multi-line operations are simply shocking.

Xiong Xiaoge used to be particularly optimistic about the development of penguins. Even so, he never imagined that penguins could develop to such an extent.

"Who can do something that is sure to be successful? This time, we have brought a few companies together to share the risk. It can be expected that our investment will be able to return the number of users." Fang Zhuo said euphemistically, "The number of users is the result." , that is, money, so we won’t end up in a big defeat.”

He paused, and then said: "You have to play a game to know, otherwise, if you give up a social network today, will you let the penguins enter the field tomorrow? What about the day after tomorrow?"

Xiong Xiaoge sighed, the taste of being the penguin's opponent is really not good.

However, he thought about it again, judging from his past experience, it seemed that the taste of being Fang's chief opponent was not much better.

He pondered for a while, and finally agreed: "Then try it, what a loss, anyway, I can make up for it from the large deposit certificate."

It is also because IDG and himself both made money, otherwise they would have to think more.

"Very good, old bear, you are indeed the investor I admire the most." Fang Zhuo praised.

Xiong Xiaoge hung up the phone, and with Boss Fang's compliment, he felt that he still had some plans to risk something bad.

……

The next day, Wang Xing participated in a project discussion at Hang Lung 23, mainly discussing the domestic social network target groups.

The college students in the campus ecology are a given, and the office white-collar group is still his imagination.

But after only one night, Yi Ke released a simple investigation report to discuss this matter.

Wang Xing had to lament Yi Ke's efficiency in doing things.

In the afternoon, he didn't see Mr. Fang, but in the meeting room, he had preliminarily finalized the investment institutions, confirmed the recruiting of experienced people from Sina, and contacted many colleges and universities that the company has always maintained cooperative relations with.

Another day later, Wang Xing still did not see Mr. Fang, but the investment of Yike, IDG, and Shenxin Kechuang was basically confirmed, and he was waiting for two more to further fulfill the procedures.

On May 5rd, Wang Xing was going to fly back to the capital, and it was Wang Fengyi who went to the airport to see him off.

"Mr. Wang, Mr. Fang has been very busy these days, because Taiji has picked up trouble again, but he still values ​​your project very much. He has to go to the capital later, so don't slack off." Wang Fengyi earnestly teach.

"Brother Wang, don't worry, I can't live up to the expectations of all investors, and I can't live up to Mr. Fang's trust." Wang Xing said.

Wang Fengyi left satisfied.

Wang Xing looked at the back of this family member who had left, and thought that he had accidentally seen his remarks on Zhihu in the past two days, and couldn't help but feel that Wang Fengyi is an excellent investor with humor, sharp eyes, and good judgment.

If only I had met such an investor sooner.

However, it’s never too late for a good meal, and now with the support of this group of people, they have to fight the penguins no matter what.

(End of this chapter)