Technology company, I will become the light of China!

Chapter 374: Investing in ByteDance, Li Zhenzhen reorganizes peninsula forces
Zhang Ming, a native of Longyan, Fujian Province, graduated from Nankai University and is the founder of Toutiao and ByteDance. Currently, Toutiao can be said to be a unique presence in the news market.

Chen Xing still has an impression of this future Internet tycoon.

"I have long admired Mr. Chen's name."

Zhang Ming took the initiative to extend his hand to show his kindness.

Since it was Rebus who acted as the intermediary to introduce Zhang Ming, even if he didn't know Zhang Ming's identity, as a friend of a friend, Chen Xing would still give him face, smiled and shook hands with him and said, "Mr. Zhang, it's a pleasure to meet you. Please take a seat, please."

As the three of them sat down, Rebus on the side of the sofa looked at Chen Xing and said with a hint of ridicule: "Zhang Ming, I have known him for a long time. He is very hard-working and motivated. To be honest, this is him The first time he asked me to introduce him to someone, he went to Northeast China to find me in person, which shows how much he wants to get to know you, Mr. Chen. "

Since Zhang Ming was present, he still addressed Chen Xing as the boss of the company.

After Rebus opened his mouth, Zhang Ming rubbed his hands nervously, looking a little uneasy, and continued: "The main reason is that the name Chen Xing is really well-known in the current Longguo science and technology innovation circle, which makes people... Can’t help but make friends.”

"Just kidding, I sincerely admire Mr. Zhang for being selected into Forbes at the age of thirty and starting his own business several times."

Chen Xing smiled calmly.

"We are all born in the 1980s, and I can count them all with my eyes closed at the number of Dragon Country entrepreneurs at this age who have been selected into the Forbes list."

Zhang Ming responded quickly.

Rebus winked at Zhang Ming. He had been dealing with Chen Xing for so long, and he knew very well that he should pursue the victory at this time.

Picking up the tea cup, he changed the topic and said, "What short video project did Mr. Lei just talk about? Can you answer it for me?"

Chen Xing picked up the teapot that had been brewed, poured tea for Rebus and Zhang Ming respectively, poured another cup for himself, and continued:

Chen Xing took a leisurely sip of tea, put down the tea cup leisurely, and continued to guide deliberately:

Chen Xing showed some interest.

The moment he asked the question, as expected, Zhang Ming seemed to have found a common topic, and his voice rose a bit.

As expected, Zhang Ming, who had accumulated wealth, not only founded Bytedance and completed three rounds of financing, but also launched Toutiao, seizing a large share of the news market.

Now he is throwing ideas and asking questions with answers.

Hearing Chen Xing's story, Zhang Ming's pupils flashed with surprise, and he asked in confusion: "Mr. Chen, have you ever understood me?"

"What about later?"

"You have to know that if one person takes ten minutes, there are hundreds of millions of Internet users in Longguo. Even if it takes 100 million, one person will take ten minutes, and 100 million people will be one billion minutes. In my opinion, this is a huge and untapped blue ocean market."

"How to make a profit?"

"of course."

After being disheartened, he went to work at Microsoft, and then came back. He happened to catch up with the real estate trend, which allowed him to save enough capital, get in touch with the top entrepreneurial circles, and get to know his idol Rebus.

Rebus is very optimistic about Zhang Ming, who is also self-made and has no family background, and is willing to make friends with ambitious people.

“For example, if someone likes to watch beauties, we will push them videos of beauties, if someone likes to watch food, we will push them food, and if someone likes scenery, we will push them scenery. The usage time of our users here is superimposed. state."

Chen Xing continued to guide the inquiry.

Zhang Ming also seemed to understand what Rebus meant, and reorganized the language and said: "Our short videos can be pushed according to user preferences. From the user's perspective, it is ten minutes, and from our operator's perspective, it is one billion minutes, because it can push ten minutes Billions of minutes are consumed with different content.”

After a half-second pause, he took a breath and continued: "But I found that whether it is games, novels, variety videos, or movies, it takes too long to obtain happiness."

"It can be superimposed."

"Yes."

"correct."

As soon as Zhang Ming finished speaking, Rebus echoed: "I also think this market has great potential. It seems to be called short video, right?"

Zhang Ming shook his head and retorted.

After graduation, the road to entrepreneurship was even more bumpy. A collaborative office software developed with great effort was announced to have ceased operation after losing money in less than half a year.

"Ten minutes for 100 million people is still ten minutes in the final analysis. It cannot be superimposed as the number of people increases. What value can your short video create in these short ten minutes?"

The main purpose of doing business is to make money. Except for public welfare projects, no one wants to invest on their own, and end up feeling lonely.

Later, seeing that it was difficult to grab tickets, we developed a software specifically for ticket grabbing. It was initially smooth sailing, but due to the expansion of our business, we took too big a step, and it was declared bankrupt within two years.

Seeing that Zhang Ming's words were a little complicated, Rebus stood up and said, "Actually, to put it bluntly, different content is pushed to different user groups. The more users, the more content, and the more time they accumulate to use it. "

Although he was from the same 985 school, he did not perform too well during his school years. Unlike Rebus, he was already praised for being able to write code into poetry.

"For now, it should be advertising."

"Yes, short video."

He didn't mean the slightest bit of flattery in his words. Zhang Ming's entrepreneurial trajectory can be said to be a template that all entrepreneurs need to learn from. His entrepreneurial process was much more bumpy than Rebus's.

Being interested means that you have the idea of ​​​​investing. If the other party's performance is mediocre, even if you say nothing, it will have no effect.

Zhang Ming nodded.

"For example, I only have ten minutes. If I play a game, it will definitely not be enough to last me through it. Reading a novel will not be enough to get me into that kind of reading state. The same is true for movies, so I was wondering if I could put it in The fragmented time in users’ daily life can be consumed in a shorter and more intuitive way.”

“Like games, there are Honor of Kings and Fantasy Westward Journey, novels include Douluo Dalu and Perfect World, and videos also include various variety shows.”

"Tell me."

"That's right, Mr. Chen. Now that the Internet is gradually emerging, users' demand for mobile entertainment is also getting higher and higher."

“Targeted charges can be made.”

“Are you considering a live broadcast platform?”

“I’ve thought about this, but for now, I’m still focusing on short video creation, and I need to increase the daily traffic of the software first.”

"It's a good idea." Chen Xing nodded slightly, and then asked: "Then you came here this time and asked Mr. Lei. Isn't it to attract investment?"

With Toutiao in hand, Zhang Ming himself is not short of money.

In the eyes of ordinary people, he is already a successful entrepreneur. After all, he is still young and is in charge of a tens of billions company at the age of thirty-two.

As long as this kind of top entrepreneurial talent spreads the word that he wants to raise funds, many venture capital institutions are willing to give him money to start a business.

To put it bluntly, social wealth has always been gathering upwards.

What do you mean?
To put it simply, the more a person is short of money, the less money he or she has, but the more people who are not short of money, the less money they have, and social wealth will automatically accumulate towards the rich.

For example, stock investor Warren Buffett earned 90% of his wealth after the age of 60. Why is this happening?

The reason is simple. He did not become rich before the age of 60 and did not complete the accumulation of wealth.

Another most intuitive example is that if you have 3 million and deposit it in the bank, with 8219% deposit interest, Longguo currency will arrive in your account when you wake up every day.

Simply eat a 200 yuan breakfast pastry, then go to the gym to work out until noon, then spend 2000 yuan on a high-end steak, and then spend 500 yuan on a simple meal in the evening. The total expense is less than 3000 yuan, even if you spend 5000 on nightlife Yuan asked his sister to open a table at the bar. After the fun, on a new day, another 8219 yuan arrived in his account.

This is wealth accumulation, this is the automatic gathering of wealth.

The same goes for entrepreneurship.

There was no money in the early stage, and basically no one invested.

But if you have succeeded, people who want to invest in you can line up from the Deep City all the way to Jerusalem.

Now that Zhang Ming has successfully started his own business, Chen Xing asserts that he is not here to attract investment and must have other intentions.

Sure enough, after Chen Xing asked, "It's probably not about investment," Zhang Ming nodded quickly and replied:

"It's really not about soliciting investment. I heard that Mr. Chen and his colleagues are engaged in big data. There is still a high demand for short videos in this area. After all, content is pushed to users, so I wanted to see if we can reach a cooperation."

"This is no problem. Cooperation is definitely possible, but in terms of algorithms?" Chen Xing's eyes showed anticipation.

The popularity of Douyin short videos in the previous life was largely due to the user algorithm.

It can accurately control each user's preferences and push content that may be of interest. This is one of the reasons why Douyin is so popular.

In the previous life, the United States wanted to get the overseas version of Douyin, which is the core algorithm of TikTok, many times. For this reason, it did not hesitate to publicly pull off the old face and wanted to force the acquisition.

When Zhang Ming saw Chen Xing asking about the algorithm, he quickly took out a mobile hard drive and said, "The algorithm has been written. This is the internal beta version of the short video. How about I demonstrate it to Mr. Chen?"

"Row."

Chen Xing nodded.

As the saying goes, it's all about acting. Although he knows the value of Douyin short videos, he won't show it.

People who can't hide facial emotions often don't achieve much, because opponents only need to observe facial expressions to know what you are thinking, which is even more taboo at the negotiation table.

Zhang Ming also came prepared. He directly picked up the briefcase placed on the ground and took out the laptop inside.

After turning it on, he inserted the mobile hard drive and then downloaded and installed Douyin for internal testing.

"In the current internal beta version, we have produced a total of 500 short videos for internal testing of the algorithm. Mr. Chen can like or watch according to the direction you are interested in, or even forward comments, and we will see the results."

"Row."

Chen Xing took the mouse.

Although it is an internal beta version, the required pages are basically there.

The first video that was pushed was of a foreign beauty wearing a bikini, with three-dimensional facial features and fair skin. In the video, she was dancing on the beach, and her breasts were jumping up and down along with the dance steps.

Is Chen Xing interested?

As a man, I am definitely interested.

But since Rebus and Zhang Ming were present, he was embarrassed to give a thumbs up.

If you don't pay attention, the 15-second video clip has ended and it will automatically play for the second time. Chen Xing slides the mouse to switch videos.

The second video is about mukbang, and Chen Xing is not interested in the big eater.

It was rowed away in less than three seconds.

The third video is about scenery. The location is Wugong Mountain in western Jiangxi. Above the sea of ​​clouds, it looks like a fairyland.

Unconsciously, Chen Xing watched it twice, and the algorithm gradually understood the user's preferences, and the video showed accurate pushed content.

There are fewer food videos and more landscape videos and beauty videos.

Seeing this, Zhang Ming explained: "Our algorithm is to draw user portraits based on length of stay, likes, reposts, and comments. Like Mr. Chen, you love landscape videos and beauty videos. If you continue to scroll down, , the algorithm will automatically push relevant videos.”

"When the algorithm is perfected in the later stage, we can also push the beauty types, such as lolita, royal ladies, and young women. The same goes for the scenery, such as grasslands, mountains, and snow. As long as the user stays for a long time and gets a lot of likes, comments, and reposts, his portrait will be The clearer the video, the more accurate it will be.”

"very good."

Chen Xing let go of the hand holding the mouse.

No wonder ByteDance is able to grow bigger and stronger. Their algorithms are so powerful that they have even thought of subdivided areas.

"This project can be submitted." After Chen Xing finished speaking, he quickly added: "But I have two conditions."

"What conditions?"

Zhang Ming felt happy and asked quickly.

If it can get the support of Longxing Group and rely on a huge user base, wouldn't Douyin short video easily win hundreds of millions of users?

It is precisely because Chen Xing has big data and a large number of mobile phone users that he is willing to lower his profile and come to ask for cooperation.

"The first condition is that we, the Longxing Group, want to invest in ByteDance, accounting for no less than 30% of the shares. We can sign a non-interference in the company's business agreement, and you can independently control the company's business direction."

"The second condition is to develop an overseas version."

After saying the conditions, without waiting for Zhang Ming to respond, Chen Xing said again: "In return, Longxing Group will invest 10 billion as the start-up capital for the short video, and install the APP on the factory motherboard of the mobile phone. , and promote it in the platform application store.”

Now Zhang Ming needs Chen Xing's users, and Chen Xing also needs the application ecosystem.

Why are mobile phones so fun?
And it’s not just because of the wide variety of applications.

For example, Weibo can be used to eat melons, follow celebrities and obtain news information, and Taowu.com and Wangdong can be used for shopping. There are also Honor of Kings and Fantasy Westward Journey, where you can experience the thrill of gaming. As for Penguin Music and iQiyi, needless to say, they are all forms of entertainment.

The summary is that the fun thing is not the mobile phone, but the applications on the mobile phone.

Longxing Group currently has a large number of mobile phone users, and its investment in building an application ecosystem is actually nurturing mobile phones in return.

"Cough cough."

Rebus coughed twice.

Seeing Zhang Ming's hesitation, he quickly acted as a lobbyist and said: "Buying 30% of the shares means that Mr. Chen is very interested in your ByteDance and entering the Longxing ecological chain. That is something that many companies can't ask for. The most important thing is that …”

After a half-second pause, Rebus continued: "Longxing Group has already opened up the markets of Mao Xiong and Japan and South Korea. In the future, mobile phone users will be all over the world. Moreover, it will invest 10 billion. Mr. Zhang needs to think clearly."

What he said is very obvious, it means that if software applications want to develop, they must be inseparable from the mobile device platform.

Now that Longxing Group is hesitating before such a large platform, it is more or less a bit ungrateful.

Even though the market value of Longxing Group is still in the hundreds of billions range, who in the industry treats it as a regular enterprise?

It is no exaggeration to say that Longxing Group is underestimated with a market value of one trillion!

"alright."

Zhang Ming finally relented.

Giving up 30% of the equity in exchange for Longxing Group's financial and technical support, as well as the promotion of the mobile device platform, is worth adding up.

Although he may have to transfer part of his equity and not achieve absolute control, Chen Xing also said that he can sign a non-interference agreement with the company's operations, which is equivalent to sealing up this part of the equity and only use it for dividends from the company's business.

Seeing Zhang Ming relent, Rebus, as the intermediary, smiled, raised his teacup and said, "Then let's have tea instead of wine to celebrate Mr. Chen's investment in ByteDance."

"That's very polite."

Chen Xing smiled.

Although Zhang Ming is not the youngest, the company's market value is the lowest. He also understands his position. He was the first to raise his glass and said: "Mr. Chen, Mr. Lei, I will do it first."

"Done."

"You can't raise fish."

The three of them drank it all in one gulp.

One cup or two cups of tea is just childish stuff.

After the few people pursued the sense of ceremony, they asked the lawyers of both parties to draft the contract and confirm the details of the terms and the responsibilities of Party A and Party B.

Looking at Zhang Ming who carefully studied the terms of the contract, Chen Xing was already happy. The future richest man in the Dragon Kingdom came to visit him in person. How could he not invest?

Moreover, the most important thing is that Douyin and TikTok are really going to be very popular in the future.

Let’s talk about Douyin first. Not only is it popular among men, women, old and young, but data in 2024 shows that its daily activity has reached an astonishing 8 million.

What concept?
14 billion people, 8 million use Douyin every day.

For an application app of this size, Chen Xing would definitely not let it go.

As for the overseas version of TikTok, it is even more powerful. It also allows 60% of netizens in the United States to use TikTok every day, and 40% of the remaining % have downloaded or have downloaded TikTok. This is more popular than YouTube. Application, saying "electronic opium" is not an exaggeration.

It is definitely a win-win situation for Longxing Group and ByteDance to join forces to expand overseas markets. The two are complementary.

……

When Chen Xing and Zhang Ming signed the contract, Li Zhenzhen, who was far away in Seoul, came to the branch building of Longxing Group.

This is a 22-story office building located in the central business district. Renting it requires not only connections but also a large amount of capital.

however!
This is a peninsula!
A place where Li Zhenzhen works deeply.

But don't think that since she has been working for the Korean Star Group for so long, she would have had a way out if she hadn't secretly cultivated her power.

This office building was her escape route in case she failed to seize power.

Now that she has returned on behalf of Longxing Group, this office building has also been transformed into the Peninsula Branch of Longxing Group.

Top floor office.

Li Zhenzhen stood in front of the floor-to-ceiling window, directly opposite the Korean Star Group.

She picked up her mobile phone, made a call, and said a few words, and "chaos" broke out within the Korean Star Group.

Senior executives resigned one after another, and the executives in the human resources department were immediately confused.

what's the situation?
what happened?
Dozens of executives leave their jobs in one day?

Who is poaching the Korean Star Group and risking his life?
You must know that in the peninsula, chaebols and politicians are kings, and chaebols are still above politicians, playing the role of BOSS behind the scenes.

If you offend politicians, you may go to jail, but if you offend plutocrats, you will 100% lose your job and starve to death.

Why is this happening?

Because here, 99% of the jobs are provided by chaebols.

The remaining 1% can only be said to be positions within the national system. It is still unclear whether you can get into it. Even if you get in, your immediate boss may be a talent trained by the chaebol.

It is precisely because of the monopoly on jobs that the chaebols can control the people of the peninsula.

And at the same time.

Lee Jae-yong has received the news.

"Xiba!!!"

He cursed angrily, stopped the vehicle, quickly put into gear and turned around, heading straight for the central business district in the opposite direction.

Originally, he wanted to lobby the respected seniors in the family and let them act as intermediaries to persuade Li Zhenzhen not to be his enemy. This would destroy the Korean Star Group.

But Li Zaiyong never expected that Li Zhenzhen's revenge would come so quickly.

Just after returning to the peninsula, a large number of senior executives within the Korean Star Group resigned, and they were also senior executives on the mobile phone business and chip sides.

Without these senior executives, how can such a large company continue to operate?

The most outrageous thing is that not only senior executives, but also grassroots employees are leaving, and there are also many chip engineers.

In Li Zaiyong's view, Li Zhenzhen returned to the peninsula this time not to run the Longxing Group, but to seek revenge from him.

The bosses of peninsula conglomerates such as LG Group, SK Hynix, and Lotte Group have all received the news, and everyone looked like they were watching a good show.

The quarrel between Lee Jin-jin and Lee Jae-yong may bring the Korean Star Group to its knees and redistribute market share.

"squeak--"

The car stopped immediately.

With a gloomy face, Lee Jae-yong walked directly to the Longxing Group Peninsula Branch Building and met many Korean Star Group employees who had just resigned.

"Will...President."

"President..."

The resigned employees lowered their heads.

They still have respect for Lee Jae-yong.

Li Zaiyong didn't even look at them. He asked the floor of Li Zhenzhen's office, went straight to the elevator, and pressed the top button. No one in the company dared to stop him.

They did not dare to interfere too much in the fight between the Li brothers and sisters.

The reason why they changed jobs was not only because they were promoted by Li Zhenzhen, but also because they saw the development prospects of Longxing Group.

Korean Star Group has reached a bottleneck, but the potential of Longxing Group, a multinational giant, is far from being fully developed.

The most important thing is that Li Zhenzhen is still in charge of the Peninsula Division.

Publicly and privately, they all chose to respond to Li Zhenzhen's call, resign and come to the Peninsula Branch of Longxing Group, intending to become "original stocks" and increase their status in the company.

Perhaps many people don't know the importance of job-hopping, they only know how to work hard and act recklessly.

In fact, job-hopping is a skill. Many employees who can earn high wages did not get it through their seniority, but through job-hopping.

to be honest.

It’s just riding a donkey looking for a horse.

For example, if you work at Penguin Company, you can apply for the same position at Wangyi Company in your free time, and you can write your Penguin Company experience on your resume.

Generally speaking, every time you successfully change jobs, your salary will increase by 15%, which is also a means of providing wages.

Penguin jumps to NetBillion, NetBillion jumps to Baidu, Baidu jumps to Alibaba, and employees who are qualified have their wages increased in this way.

"Ding--"

The elevator reaches the top floor.

Li Zaiyong walked out of the elevator with a gloomy face, followed the corridor, and went to look for Li Zhenzhen's office one by one.

Not a moment.

He came to the door of the president's office.

As if he expected Li Zaiyong to come, the office door was not closed. Li Zhenzhen was sitting in the office area, drinking coffee leisurely.

"Are you really going to destroy the Korean Star Group?"

Lee Jae-yong walked into the office.

Li Zhenzhen blew on the coffee to dissipate the surface heat, took a sip slowly, and responded: "Normal business competition, what is the point of talking about whether it can be destroyed or not?"

"correct."

Before Li Zaiyong could speak, Li Zhenzhen continued: "According to my father's will, the hotel business of Han Xing Group belongs to me. Within three days, I will send someone to take over again."

"Good good!"

Lee Jae-yong gritted his teeth.

At this time, he had reached the edge of losing control. He had never expected that Li Zhenzhen would use the Longxing Group to come back, nor did he expect that Chen Xing would entrust her with an important task.

"Don't just say yes." Li Zhenzhen held a stirring spoon and stirred the coffee carelessly. He said in a calm tone: "You and Wall Street have embezzled my money. It's time to spit it out."

The words fell.

She met Lee Jae-yong's gaze head-on.

The two looked at each other, both wanting to put the other to death.

Lee Jae-yong felt guilty and withdrew his gaze and said coldly: "Don't talk nonsense without evidence, and don't think that you are certain to win. In Peninsula, Korean Star Group is the leader in the mobile phone market. As long as I am here, you can't get in." "

"Really?" Li Zhenzhen showed a playful smile and joked: "Then we'll have to wait and see who will kill whom first."

Li Zaiyong looked at the smile on the corner of Li Zhenzhen's mouth. He clenched his fists and trembled a little, but he was helpless.

He really wanted to find someone to get rid of this woman, but he also knew that since Li Zhenzhen was able to call on so many Korean star executives to resign, she must have been an informant within the group. If he did something, the other party might know it immediately.

Now she represents Longxing Group, and Longxing Group represents Longguo. Her multiple overlapping identities make Lee Jae-yong afraid to act rashly.

"Stinky bitch!"

Cursing under his breath, he left the office.

Li Zhenzhen looked at Incompetent and was furious, and then took Li Zaiyong, who was helpless to her, and said in a calm tone: "Go slowly and don't send him away."

When Lee Jae-yong's back completely disappeared, she put down the coffee cup.

Challenging the chaebol on the peninsula. If he were the president of another multinational group, his relatives would probably go to the Han River to retrieve the corpse the next day. Fortunately, Li Zhenzhen was born in a chaebol and had considerable energy in the peninsula. Coupled with Longxing As the CEO of the group, he dared to challenge Lee Jae-yong publicly.

Now that Li Zaiyong wants to play, there is no reason for her not to accompany him. Moreover, Li Zhenzhen's return to the peninsula this time is to take back what belongs to her. If possible, she even wants to take down the entire Korean Star Group!
(End of this chapter)