Reborn since 1993

Chapter 1175 Raising the Flag
If MP3s become popular, it means more than just a music player.

For the past few decades, the Asian technology industry has been dominated by Japanese companies such as Toshiba and Sony. From home appliances such as automobiles, televisions, washing machines, and refrigerators, to various electronic products such as computers, Walkmans, and game consoles, these were all first developed by Toshiba and Sony and then sold all over the world.

Starting a few years ago, South Korea began to enter the market, creating a situation where Japan and South Korea were essentially performing a duet in the Asian technology industry.

But in the tech industry, South Korea follows Japan's lead, specifically targeting Japanese companies, showing no sign of stopping until they've squeezed every last drop of profit from them.

But in reality, South Korean technology has not deviated from the rules set by Nippon Benzoate.

Now, MP3 has emerged, a new product born outside of the rules set by Japan.

In fact, since its establishment, Dongling High-Tech has taken a different path from Japan's Benzene and South Korea's, and has not followed in the footsteps of Japan's Benzene.

From electronic pet machines to Shenzhou digital cordless phones, and then to electronic dictionaries, repeaters, and now MP3 players, all of these are products independently developed and launched by Dongling High-Tech. They are not imitations of any other company!

If it wasn't obvious before, no one would have thought that there was any company in Asia that could set new rules.

Now, if the MP3 era arrives, it can be said that Dongling Hi-Tech is setting new rules and order in the Asian technology industry!

Although it is still a bit too early to say these things, the signs have already begun to emerge.

In the past, companies from South Korea, Singapore, Malaysia, and Siam followed in the footsteps of Japanese companies, copying and imitating them.

Now, however, the popularity of Dongling Hi-Tech's products is slowly beginning to surpass that of Japanese companies such as Toshiba and Sony.

There are more and more companies that copy and imitate Dongling High-Tech's products.

After MP3, Dongling Hi-Tech can now raise a flag in Asia and has the qualifications to stand on equal footing with established companies such as Toshiba and Sony!
Sitting on the plane, Li Dongling looked at media reports about the domestic technology industry. Dongling Hi-Tech didn't need to make a big fuss about establishing its own faction.

However, in the Asian technology industry, a stronghold belonging to Dongling High-Tech has already begun to emerge.

In the future, what Dongling Hi-Tech needs to do is become the highest peak in Asia's technology industry, make the Asian market Dongling Hi-Tech's base, and start to implement Dongling Hi-Tech's rules.

Just like what Toshiba and Sony have done in recent years, only with this basic foundation can they truly be qualified to challenge the giants of America and old Europe!
"Sources have revealed that Stone Rich Square is collaborating with international investment giants and is expected to complete a financing round of up to $2500 million, becoming the largest financing round in the history of Zhongguancun!"

"Sohu founder Mr. Zhang declared that he would build Sohu into a leading Chinese-language portal website!"

"NetEase launched 163 free email, and its user base has exceeded 300,000, making it the number one email service in China!"

"More than 100 new internet companies have been established in Zhongguancun this year. Who will become the second mainland Chinese internet company to be listed on NASDAQ?"

Li Dongling flipped through the newspapers of the technology media in his hand. From these newspapers, he could see that the internet was beginning to take off in China.

The prototypes of the three major portal websites have already begun to emerge, and it's estimated that Tencent has probably registered in Shenzhen as well.

The most eye-catching one is Stone Rich Square, which is rumored to be receiving $2500 million in international venture capital, which is basically a preparation for its IPO.

If we're talking about the largest local venture capital firm in Zhongguancun right now, who else could it be but Tianya and Cyberport?
Of course, everyone knows that the major shareholder of both companies is Li Dashan, and they are actually one and the same. Tianya Company has invested in Jiangmin Antivirus Technology, Yahoo! China, and other companies.

Moreover, the Tianya Technology Building in Zhongguancun provides low-cost office space, telephones, printers, and other amenities for internet startups. Many internet startups in Zhongguancun are now choosing to join the Tianya Group.

Cyberport's venture capital, on the other hand, offers the opportunity to list in Hong Kong. Cyberport has Peregrine, Hong Kong's largest securities firm, under its umbrella. Securing venture capital from Cyberport is tantamount to guaranteeing a listing!
However, this time, Sitong Lifang, one of the three major portal websites in China, did not choose to seek investment from Tianya or Cyberport, but instead sought investment from overseas investment institutions.

Because the major shareholder behind Sitong Lifang, Sitong Group, is not in the same league as Dongling Hi-Tech, they would rather go the long way around than look for Tianya or Cyberport.

The news that Li Dongling was reading were all from other internet companies, but in reality, there was an even larger amount of news from various media outlets reporting on the biggest players in the domestic internet industry.

"Tianya Forum's user base has surpassed three million!"

This was the most explosive news in the domestic internet industry before, considering that the entire domestic internet industry combined doesn't even have this many users.

The reason why Tianya Forum was able to attract so many users is that Tianya Sports went global by taking advantage of the World Cup.

Riding the wave of the World Cup's popularity, Tianya Sports expanded into Siam, South Korea, Singapore, and other regions, quickly sweeping through the local internet industry. The massive user base brought in by Tianya Sports overseas propelled Tianya Forum to over three million users, making it the largest internet company in Asia!

Besides Tianya Forum, Yahoo! China's 3721 Chinese website and Chinese navigation services swept across the entire Chinese internet, claiming that wherever there was a computer, there was 3721!

3721 introduced website advertising, becoming the first internet company in mainland China to start advertising, and also the first internet company that might become profitable. These media outlets are practically raving about it.

The most shocking news in China's internet industry this year has to be the announcement a while ago that Feiyan Technology, the first Chinese company to be listed on NASDAQ, was going to issue new shares.

Moreover, the sheer size of this new share offering has shaken the global internet industry, with rumors suggesting it could reach as high as $800 million, almost setting a new financing record for the global internet industry!

But this record is just something to hear about, and it will soon be broken, especially by companies like Yahoo and AOL, whose products are much larger than Feiyan Technology's. They often issue tens or even hundreds of billions of dollars worth of stock to acquire their competitors. Feiyan Technology's approach is considered conservative.

Feiyan Technology claims it will use newly issued shares for acquisition projects, but in reality, Feiyan Technology has been in contact with Harman International, wanting to acquire Harman International.

By acquiring Harman International, Feiyan Technology will gain access to ASK headphones, one of the world's top three high-end headphone brands, as well as Harman International's car audio products, filling a gap in Feiyan Technology's portfolio.

By looking at internet companies like Tianya, Feiyan Technology, and Yahoo! China, we can see who is the biggest player in China's internet industry today!

Compared to the buzz generated by companies like Tianya, a subsidiary of Dongling Hi-Tech, in the internet industry, frankly speaking, the activities of companies like Sitong Lifang, Sohu, and NetEase pale in comparison…

However, after reading these media reports, Li Dongling gained a general understanding of the current situation of the domestic internet, which is basically in the early stages of explosive growth.

And those big names in the internet industry from their previous lives are probably about to make their appearance.

However, it's hard to say how much of a stir these people can make in the internet industry now. With the existence of Dongling High-Tech, it's uncertain whether the era of BTA, TMF, ATM, and ATZ in the internet industry can still emerge!

Anyway, as long as Li Dashanren is still around, the highest mountain, the longest river, and the letter T on the Chinese internet will probably belong to the T on Tianya!

Li Dongling put down the newspapers and documents and fell into deep thought. For Dongling Hi-Tech, next year would be a year of hyping up the internet and reaping profits, raising enough cash flow, and then preparing to weather the upcoming Little Ice Age.

When the Nasdaq bubble bursts, the internet industry will likely cool down temporarily, and Dongling Hi-Tech will have to wait a few years before it can start making money again.

In the short term, the internet is more of a bonus for Dongling Hi-Tech than a factor that can significantly impact its fate.

However, Dongling Hi-Tech still needs to establish a strong presence in the internet industry and must not lose its internet market share, because once lost, it may be impossible to regain it.

In the future, every industry will be related to the Internet. Dongling High-Tech's products, promotion, and sales will also be inseparable from Internet channels, otherwise it will be too dependent on others.

Li Dongling was thinking about the path Dongling Hi-Tech should take next. Survival was of course the key. Dongling Hi-Tech's goal had always been to survive, but in addition to survival, it also needed to take the initiative in some industries.

"Mr. Li!"

Just as Li Dongling was thinking, a voice came from behind him. It was Wei Taining, a department manager at Dongling High-Tech, but who was somewhat of a nobody at the company.

In terms of nominal status, Wei Taining is on par with Zhang Ao, Gao Peng, Chen Tao, and others; he is the general manager of the newly established automotive division of Dongling High-Tech.

But sitting in this position, Wei Taining felt that things were not quite as he had expected.

As for whether Li Dashan (Li the Great Philanthropist) attaches great importance to the automotive project, he has repeatedly stated in front of the media that Dongling High-Tech intends to enter the automotive industry.

They've now set up an automotive division, provided funding for Wei Taining, and then... they've turned their attention to electric bicycles!

Li Dongling's attitude reflects Wei Taining's situation at Dongling High-Tech: he's essentially transparent. If he doesn't introduce himself, probably no one else would recognize him...

Wei Taining now spends all his time designing car models with his team and then disassembling those cars to gain experience.

As for Dongling High-Tech's car manufacturing plan, not a single thread has been seen. When Li Dashanren (Li Dongling's founder) responded to the plans he submitted, he only replied with the word "read" and then there was no follow-up. This left Wei Taining really wondering what Li Dongling was up to.

But just as Wei Taining was wondering if he had been tricked, Li Dashanren called Wei Taining along when he went to Jiangcheng.

(End of this chapter)