Reborn since 1993

Chapter 1204 Who says it's expensive? This is giving retail investors a chance to get on board.
This morning, although user traffic to China.com decreased somewhat, page views actually increased, indicating that users remaining on China.com are becoming more active.

Li Dongling had no complaints about the data. He believed that once the data from China.com "stabilized," the number of users would grow again, and it was impossible for it to continue to rise in a straight line like a roller coaster.

"The promotion of China.com should continue. After the markets in mainland China, Hong Kong, Taiwan, Singapore and other places have stabilized, we should open China.com website sites in America, North America, London and other places."

China.com aims to connect Chinese people worldwide on a single website!

Li Dongling instructed Lin Xianhui, Wei Fang, Li Xiao, and others in the conference room that regardless of whether it could be achieved, the goal should at least be established.

"However, this will likely put a lot of pressure on China.com's finances, and its performance will be somewhat poor!"

The finance manager of China.com tentatively told Li Dongling that he had been seconded from the finance department of Hong Kong City Telecom.

As a finance professional in a traditional industry, he naturally had some concerns about debt.

"The internet industry doesn't care about performance anymore!"

"The only measures of the internet are users and traffic!"

“China.com’s goal is to list on NASDAQ, and even if it incurs losses, that’s acceptable!” Li Dongling said directly.

The present is not like later generations. In later generations, Chinese people can be found all over the world, including the Amazon River and African tribes. Even in the most remote areas, Chinese people can be found.

Currently, the number of Chinese internet users in America, North America, and parts of old Europe such as the UK, Italy, and Germany is not large. If China.com opens sites in these regions, it is highly unlikely that it will break even.

Regardless of whether it can break even, China.com needs to take action. China.com aims to be a portal website for Chinese people worldwide, and this slogan needs to be shouted, and some actions need to be taken.

Only in this way can China.com go public with the title of the number one Chinese portal website. The more famous it is, the higher its stock price will be, and the more investors can be fleeced. Fame can sometimes be cashed in for US dollars...

In any case, according to the current way things work in the internet industry, regardless of whether it's profitable or not, in the end, it's all about going public and making the world's retail investors foot the bill.

"In addition, China.com will also conduct some activities to attract more users' attention."

China.com could collaborate with Hong Kong TV, mainland TV stations, Focus Media, and others to jointly host the first online voting competition to select the "Top Ten Most Handsome Faces in Asia" and the "Top Ten Most Beautiful Faces in Asia," taking place in mainland China, Hong Kong, Taiwan, Japan, Singapore, Siam, and other Southeast Asian regions.

"We could also host a China.com Asia Night, where China.com users vote for the most popular male and female celebrities and the most beautiful models in Asia. This could be expanded to industries such as sports and music."

We'll hold another offline event and invite these winners to participate!

"China.com can also host other activities. The most important thing is to break out of its niche, generate buzz, and attract more users to China.com!"

Upon hearing Li Dashanren's words, Li Xiao's eyes lit up. He felt that this competition had great potential.

Anything related to a competition is bound to be a battleground and controversial, and when celebrities are involved, the battles are likely to be even more intense, but the buzz surrounding the event is off the charts.

Previously, organizing such events required coordinating with local television stations, and voting was also a major issue; even if an election was held, it might not be convincing to the public.

Organizing the vote through China.com would be different. The website allows users from mainland China, Hong Kong, Southeast Asia, and even non-Chinese users to participate in the voting, which at least "appears" to be fair!
Hong Kong style and Hong Kong pop culture are still at the tail end of their peak and have an influence throughout Asia. People like Chow Yun-fat, Leslie Cheung and the Four Heavenly Kings have a huge influence in South Korea, Japan, Thailand and other Asian countries.

The movie "A Better Tomorrow" has been broadcast countless times in South Korea, and the popularity of its lead actors in South Korea is unparalleled.

The influence of Hong Kong cinema in Asia is still considerable, but in three to five years, it will be gradually replaced by Hollywood movies and Korean idols.

Taking advantage of the current peak of Hong Kong pop culture, China.com's hosting of events such as the Top Ten Most Handsome Faces and Most Beautiful Faces in Asia, as well as China.com Asia Night, has the potential to create a huge wave in Asia.

These activities bring a lot of popularity and traffic to China.com, and even attract users who speak Japanese, Korean, and other languages ​​to join in because of Hong Kong culture.

"These activities are worth doing!"

Li Xiao said excitedly, "In recent years, Hong Kong's film and music industry has declined somewhat. These events organized by China.com can increase the fame of Hong Kong's film and music industry, as well as increase the popularity of Hong Kong's stars."

I think the Hong Kong TV station, film company, celebrities, and media are all willing to cooperate.

If television stations from mainland China, South Korea, Japan, and other regions were to join, these events could potentially become a grand Asian celebration!

Li Xiao said that these events by China.com could really ignite the Asian entertainment industry. Whether or not fans of various celebrities will fight amongst themselves is unclear, but China.com is probably making a fortune in terms of buzz and attention. The tabloids and gossip media in Hong Kong will likely have a very prosperous year ahead, with so many sensational stories to report…

Lin Xianhui and a group of senior executives from China.com couldn't help but look at Li Dashanren.

It had long been rumored that the philanthropist Li was skilled at manipulating events, and today they witnessed it firsthand. The event organized by China.com could indeed throw the entire Asian entertainment industry into complete chaos!

"In addition to promotion and events, China.com also needs to prepare for financing!"

Upon hearing Li Dongling's words, Lin Xianhui and other executives perked up their ears, knowing that the main event was about to begin.

The most important thing for China.com right now, besides increasing users and traffic, is to raise funds.

This round of financing is crucial to the valuation of China.com, determining its ultimate level and the valuation at which it can complete its IPO.

This not only affects China.com, but also senior executives such as Lin Xianhui, Li Xiao, and Wei Fang. How much equity they will receive as an incentive, and what their net worth will be, will all affect the employees of China.com.

"The financing of China.com was led by the Cyberport Future Industry Foundation!"

Li Dongling made the final decision, preparing to bring the Port City Future Industry Foundation to the forefront.

The headquarters of China.com must be a global technology center of Cyberport and must be invested by the Cyberport Future Industry Fund. Only in this way can it be the first achievement of the Silicon Harbour Plan and become a model!
"At what valuation will China.com raise funds?" Lin Xianhui asked, a question that was of great interest to China.com executives and countless people in Hong Kong.

Upon hearing this, Li Dongling chuckled lightly, "The valuation for financing should be based on the securities company's assessment. China.com can't engage in self-promotion, can it?"

Li Dashanren always persuaded people with reason and never engaged in forced buying or selling.

"But I believe that Peregrine's valuation of China.com should not be less than US$28 billion!"

Li Dongling's words immediately silenced the meeting room, and Li Xiao and other senior executives of China.com couldn't help but gasp.

Although the Wall Street Journal's prediction that China.com could surpass Feiyan Technology in the future is obviously a ridiculous gimmick, Li Dashan really knows how to use dirty tricks!

The fact that China.com completed its financing round with a valuation of $28 billion is a valuation that far exceeds that of Feiyan Technology back then, and it is a shock to the entire Asian internet industry.

As for your question about whether Peregrine will value China.com at $28 billion, other securities firms may not be so sure, but as a subsidiary of Dongling Hi-Tech, how could Peregrine dare to go against the decision of its major investor?
Moreover, the most crucial aspect of this valuation is not the assessment itself, but whether anyone is willing to buy it. If no one is willing to buy it, even a valuation of 10 billion US dollars is a joke.

If someone is willing to pay, we can still complete the financing even if it's $88 billion, let alone $28 billion!
Li Dongling was also aware that raising $28 billion in valuation for China.com was a risky move, almost setting a new record for financing in Asia, and even in Silicon Valley's internet industry.

But this time, there will be quite a few big investors coming to China.com. If the bubble of China.com isn't inflated, how can so many investors be given the opportunity to get on board with China.com?

This round of financing by China.com is to give more institutions, conglomerates, and wealthy families an opportunity to get on board and benefit from China.com's success, not to exploit them.

You can eat whatever you want, but you can't say whatever you want! Be careful, or you might get a lawyer's letter warning from a certain company known as the "Unbeatable Pizza Hut of Hanxi" or "Invincible in Pingyang"!

Those who say China.com is expensive really need to reflect on themselves. Have they worked hard to become a conglomerate all these years? Have they been diligently exploiting investors? A chance to make money has appeared before them, yet they still complain about the price. They are simply disgracing conglomerates, tycoons, wealthy families, and institutions!

"This time, China.com will be bringing in investors from mainland China, Hong Kong, Taiwan, Southeast Asia, and even Wall Street!"

"For China.com to become a global internet company, it needs investors from these regions to endorse it!"

Li Dongling said that what is called an endorsement is actually just bringing in local bigwigs to protect China.com in the local area and prevent the locals from targeting China.com.

These are all essential for China.com to establish itself in the local market.

This time, bringing in investors from these regions is essentially like advertising.

When China.com goes public, it will be like telling the outside world that it is possible to make a fortune by relying on the Port City Future Industry Fund.

In this way, the Hong Kong Future Industry Fund's internet and other projects can attract the support of conglomerates and wealthy individuals from all over Southeast Asia.

The plan in the Silicon Harbor project to make Hong Kong a hub for Asian internet requires massive financial support. It not only requires Hong Kong's wealthy to contribute money, but also needs to attract hot money from Southeast Asia to the internet concept stocks listed on the Hong Kong Stock Exchange.

Hong Kong stocks can't exploit investors worldwide like Nasdaq, but they do have influence in Southeast Asia!
(End of this chapter)