this man is not calm

Chapter 444 Newcomers
Leaving aside things that are too far away, the PHS service in front of us is obviously much better than that of our counterparts in the previous life.

Although it is profitable to sell equipment and earn the difference, it is far from making money from phone bills and text message fees.

The domestic communications business is able to support three listed companies with a market value of trillions of yuan. It is truly not a false reputation. It is natural that it is on par with the "three oil companies" and the "four major banks" in terms of momentum.

What is the moat of this industry?
License plates and base station outlets.

The importance of the former is self-evident. Jinxi Culture has only obtained the qualification of a second-tier operator, and can only get some leftovers that the basic operators cannot eat or look down upon. Not every marginal business is like Xiaolingtong, which can exert unimaginable power at specific times. Most of them can only make hard-earned money.

Even so, Jin Shang did not despise it. It would certainly take time to get a first-level operator license, and the hope of getting one in the future was not particularly great. He did not hold on to it now and was content with the status quo for the time being, waiting for times to change.

As for the latter, the core is the tower company.

Fortunately, this is a telecommunications reform, and the business responsible for infrastructure will nominally be separated out. Perhaps in the future, Jin Shang will be able to get involved, make up for its shortcomings, and master core competitiveness.

The family chatted briefly but didn't go into detail.

Tonight is not a good time to talk about work, and Madam Xian and Mei Xinghong are not particularly interested either.

After midnight, everyone else went to rest. After setting off firecrackers, Jin Shi and his son Jin Shang stood in the yard, watching the fireworks rising from the sky from time to time.

Jin Shi, whose face was sometimes bright and sometimes dark in the flash, wanted to light a cigarette, but after hesitating for a while, he gave up, sighed and asked:

"What are you going to do? This kind of basic industry that involves the national economy and people's livelihood cannot be hidden underwater. Even if it is not controlled by state-owned assets, it must at least be a public company!"

"I didn't expect it to be so big in such a short time. It's only been a year and a half... there's still more than a month to go."

Jin Shang, who was not particularly worried, said,
"I originally planned to use the PHS business as a source of cash flow during the transition period. Now it seems that I was a bit hasty... I underestimated the consumption potential of ordinary people. Now that it has come to this, there is no room for retreat. Let's apply for listing on the Growth Enterprise Market..."

"It's a good idea. We have to be listed sooner or later anyway, but... the Growth Enterprise Market, don't you feel a bit of a loss? It's still a long way from the main board's financing capacity."

The GEM, which is dominated by technology and start-up companies, has high valuations, but also high risks, and the difficulty of secondary financing is obviously much higher than that of the main board.

"What can you do?"

"Split it up, introduce strategic investors, or sell it directly to cash out..."

"Not now. I need Xiaolingtong's data traffic for at least three years... five years. It's indispensable. The establishment of a remote payment and real-name authentication system will be enough for me to survive."

Without Xiaolingtong, how can Jinxi Chat compete with Fetion?
In his previous life, the "little penguin" successfully defeated Fetion during its peak period, but Jin Shangke in this life is not so sure, and he is becoming more and more uncertain.

The cooperation between the two parties has entered its third year, and there are no secrets between them except for their real core competitiveness.

At the beginning, Jin Shang followed the other party's chat room without hesitation, and Hao Qilian was not polite either, copying the group functions and membership level system.

More than a year later, Jin Shang, based on the premise that Xiaolingtong had become a big success, "borrowed" Fetion's mobile customer linkage method, and also innovatively launched the "resource traffic package" and "bulk messaging" functions. It made a lot of money on New Year's Eve, and I believe the other party would not be polite.

After all, this so-called "micro-innovation" has no technical content at all, and does not require a highly skilled team of engineers. A technical team can complete it in ten days or half a month.

The difficulty lies in the processing power of the data center.

Fetion currently does not have a super-large IDC as huge as Jinxi Cloud Service, but it has many small and medium-sized computer rooms across the country to share the pressure, so it can be used grudgingly.

So far, Jin Shang still has a great chance of winning, and the hints from the "Golden Broom" are also tending to be positive, but... what if?
If there is any unexpected situation, I will not be able to react.

When the mobile Internet era just arrived, MiTalk was also thriving. However, when WeChat came out, its first-mover advantage disappeared.

eBay once became the leader of domestic e-commerce platforms, but because it failed to localize well, it was strongly defeated by Alibaba and had no ability to fight back.

The IT Internet industry is truly a field of ups and downs. If you don’t have the last laugh, you are not considered successful.

Seeing that Jin Shang was not going to give up, Jin Shi thought for a moment and said:

"If we sell it at a high price at this time, we will definitely make a lot of money. You also said that this thing itself does not have much technical content, has limited potential, and the consequences are unpredictable..."

"The key is... it's a little hot."

Underestimating the popularity of Xiaolingtong also proves that Jin Shang and his employees have done a good job. At least, it is much better than the "Starcom" in the previous life.

"20 billion should be very popular. If the price is increased by 20% or 30%, someone might be willing to pay for it. But... if you can't give up the intangible value surrounding it, it's normal that you don't want to sell it."

It’s like the Dragon Slaying Sword. In the hands of a butcher, it can only cut pork. But in the hands of the leader of the martial arts world, it’s completely different.

Not to mention 20 billion, even if you double it, you can’t find back more than 80 million potential users with high stickiness.

As time goes by, the value of Xiaolingtong to today's culture becomes increasingly higher.

“In the short term, it’s impossible to let go.”

After emphasizing it again, Jin Shang didn't think there was anything wrong, and his father Jin Shi responded leisurely:

"It's impossible to hide such a huge cash flow. So, we should think about how to deal with it..."

"Let's start employee stock ownership. It's impossible for a large-scale industrial company like this to find super investors who can come up with that much money."

This is not the era when venture capital is popular, and there are not many people in the capital market who can readily come up with hundreds of millions of dollars.

“You like to use employee stock ownership to raise funds and share risks?”

"After all, they are one of our own. If there are any benefits, we should digest them internally first."

"Let's do this for now. After all, this is not a trivial matter. We must be cautious. However, your Planet Intelligence should really consider an IPO or a split listing. If it can be listed on the main board, go for it. If not, go to the Growth Enterprise Market. Keep it stable for now and delay it as long as possible. If it really doesn't work, release an IPO plan. Even if it's just a split of the pie, you must seize the initiative."

"I understand! In fact, I have wanted to do cross-holding for a long time, but the company developed too fast, and I didn't have time to sort it out before I could stop."

There was no time to reorganize the company, and it suddenly became a super giant with businesses worth hundreds of millions or even billions of dollars. It was too late to rely on internal adjustments, so it had to split and adjust the equity structure to gradually strengthen the connections between the various parts and make it more capable of resisting external invasion.

"Consult an expert. Doesn't your personal finance office have people who can help you do this?"

"There are plans, but... plans can't keep up with changes!"

Shrugging noncommittally, Jin Shang said in a relaxed tone, "Let's leave it at that for now. It's a day off, and we can put aside all these troubles. Making money is always a good thing."

How to control a large consortium? Jin Shang is just a newcomer, but one thing is certain, make more allies and fewer enemies, and the rest are technical issues. Just make sure the general direction is correct.

"Take some time to ask Lao Huang. Although his experience may not be completely suitable for you, it is still of some value for reference."

"it is good!"

This was the end of the private conversation between father and son.
-
On the first day of the Lunar New Year, many guests came to the house and everyone was busy receiving them. Li Xuan, who was entertaining visitors as half the host for the first time, was a little flustered at the beginning, but she got used to it later. With Jin Shang's help from time to time, she was not particularly tired.

Xiao Jinfeng was very happy to see so many guests, especially to receive so many gifts.

After a busy day, they were too tired to visit relatives and friends. But on the second day of the New Year, they felt much better. Their grandmother, Madam Xian, went to visit friends, their parents took little Jinfeng to visit the uncles of the Mei family, and Jin Shang took Li Xuan to the Huang family's house.

I was a little nervous when I met my great-grandfather's fiancée for the first time.

"He's just a weird old man, he's always talking nonsense, and I don't know how many things he's hiding. I just want to meet him and let him get to know me."

It is especially different for girls who are brought to the door to recognize their relatives. As elders, you may have to give them a big red envelope.

Money doesn’t matter. The key is to have a legitimate relationship with her. In the future, she will be the recognized great-grandson’s wife.

Li Xuan was not as relaxed as Jin Shang, and said with a slight complaint:

"He is a person who is only mentioned in history textbooks. Many people probably think that he has been dead for a long time and is already an 'ancient person'. If I didn't know you, I probably wouldn't know that this 'big shot' is actually a relative of mine."

Due to different social classes, their daily lives have almost no overlap. It is like the highest-ranking person most people know is their university teacher. Ordinary people have no idea what kind of life someone like Lao Huang leads, or whether it is the same as described in textbooks.

"Don't worry, that old man is not an old antique who knows nothing. If he weren't so old, I don't know how much trouble he could have caused."

"All right!"

Walking into the somewhat familiar manor, I found that the layout was almost the same as it was two years ago. Even the people waiting in line were almost the same, just as vulgar and boring.

Also without waiting for anyone to greet him, Jin Shang led the embarrassed Li Xuan inside. Before some blind guys could scold the two people who cut in line, they were stopped by people who knew Jin Shang.

He went straight to the hall and saw the same butler from last year, only he was a year older and the wrinkles on his face were deeper.

The old man, with his face slightly narrowed and a smile on his face, restrained his aura, exchanged a few polite words, and without hesitation kicked aside the relatives who were about to be received, and led Jin Shang and Li Xuan inside.

"The young master is becoming more and more heroic."

"I've already said it, he's not some young master, how's Old Huang doing?"

"It's fine. I just felt a little uncomfortable around the Double Ninth Festival, but I'm fine now."

"I told him to worry less. His children and grandchildren will have their own blessings. He is already old, so it is better for him to spend his old age in peace and not think too much."

"My family is in chaos, and there are many useless people. I'm sorry to embarrass you."

Jin Shang didn't bother to pay attention to those so-called relatives.

A few minutes later, they arrived at a terrace pavilion in a courtyard. Huang Zhengkuo was feeding fish by the pond. Unlike last year, this time he was accompanied by two young women in their thirties. They seemed not to be maids, but granddaughters and granddaughters-in-law.

After the people were brought in, the old housekeeper left, but the two women still did not leave.

Jin Shang didn't care and walked closer with Li Xuan. Huang Zhengkuo heard the noise and turned his head slightly and saw the two of them.

"coming?"

"Well, I've been wanting to come and talk in person for a long time, but I just can't find the time."

"People in society, in the limelight, and in business, it's hard for them to have free time."

"No match for you, old man."

Old Huang chuckled twice, put down the fish feed in his hand, and stood up with help. After walking closer, he looked at Li Xuan, who was a little embarrassed but still calm, and said:
"Miss Li, you have a good appearance."

As he spoke, he took out a red envelope from his pocket and handed it over.
"Live a good life in the future! I used to worry about which girl could tie Ah Shang down with his current condition. Now when I see you, I know I made the right choice."

"You flatter me."

Huang Zhengkuo waved his hand and said with a smile:

"No one knows better than me what kind of people the Huang family are. They are either incompetent idiots or restless people with bad intentions."

Although he has changed his surname, Old Huang still treats Jin Shang well. He may be unkind sometimes, but it's not excessive.

After accepting the favor, Jin Shang reluctantly regarded him as his relative. As for the other members of the Huang family, they were no different from potatoes on the roadside.

The experienced Huang Zhengkuo naturally understood that Jin Shang recognized him, not "Jiangxia Huang".

"I've heard about Xiao Li as well. His hometown is Yunmeng. So, we were fellow villagers hundreds of years ago."

The origin of "Jiangxia Huang" is naturally Jiangxia. The Jiangxia County in the Qin and Han Dynasties had its seat in Anlu, which is roughly the same as Anlu today, and Yunmeng was under the jurisdiction of Anlu. It is possible that Huang Xiang, who was "unparalleled in the world" more than two thousand years ago, was really a neighbor of Li Xuan's ancestors.

The Huang and Li families are from the same hometown, and this is not groundless.

After moving to Beijing for more than 600 years, the Huang family still retains many southern habits. For example, on New Year’s Eve, they do not eat dumplings but drink chicken soup, and they prefer rice instead of steamed buns, steamed buns or noodles.

After a few pleasantries, Huang Zhengkuo asked two younger maids to keep Li Xuan company while he wanted to have a private conversation with Jin Shang.

Soon, the three women went somewhere else to chat and kill time, while Jin Shangze and Lao Huang sat side by side by the water to feed the fish.

After the festive red carps flicked their tails and stirred up waves and ripples, it was Old Huang who started the conversation and asked:
"You made a lot of money last year, what do you think?"

"The more money you have, the easier it is to make money and the harder it is to spend it. Especially for me, control... is far more important than profit. Money is meaningless if it cannot be converted into real power."

(End of this chapter)