Reborn since 1993

Chapter 1397: Be careful when sailing the ship of ten thousand years

Feiyan Technology was the first to benefit from the inland internet industry. Feiyan Technology, under the guise of Himalaya Internet Radio, successfully listed on NASDAQ, making veterans of Dongling High-Tech and a group of Feiyan Technology executives billionaires.

However, the first billionaire to emerge from the Zhongguancun internet industry has yet to appear.

Compared to Feiyan Technology, which is a deceptive company, 3721 can be considered a pure Chinese internet company, with its users mainly being Chinese internet users.

The listing of 3721 will set a series of new records for Zhongguancun and the mainland internet industry.

To a certain extent, 3721 may cause a much bigger stir in China than Feiyan Technology!
Zhou Hongyi, in particular, has become the first billionaire from the internet industry in Zhongguancun and will become a new generation idol in the mainland internet industry.

Feiyan Technology's listing on Nasdaq, to ​​be honest, although it shocked the domestic market, is not very imitable. It was created under specific conditions and cannot be said to be mass-produced.

But 3721 is different. It is a pure internet company, and the path it takes can also be followed by other inland internet companies.

When Zhou Hongyi becomes a billionaire, it will likely cause a frenzy in the mainland internet industry, with countless people wanting to follow in his footsteps and become billionaires themselves!
The moment he signed the papers, Zhou Hongyi knew he was now a billionaire, even though 3721 hadn't gone public yet.

However, 3721's valuation has been artificially inflated to $800 million, and no one can deny Zhou Hongyi's status as a billionaire.

He wasn't as excited as he had imagined; in fact, he felt a bit tired. His experiences over the years flashed through his mind like a fleeting glimpse.

Which man hasn't fantasized about becoming a hero on the battlefield, or about standing out from the crowd?

But coming from a dual-income working-class family, Zhou Hongyi's background was by no means that of a wealthy or prestigious family. Becoming a billionaire before the age of thirty was a sudden and unexpected event for him, even more so than a dream.

Seeing Zhou Hongyi's expression, Li Dongling patted him on the shoulder. The philanthropist Li had high hopes for Zhou Hongyi and did not want 3721 to stop here.

With a snap of his fingers, the conference room door was pushed open, and a cart full of champagne was wheeled in.

Li Dongling opened a bottle of champagne, and the golden champagne rain filled the conference room, soaking Zhou Hongyi and bringing him back to his senses.

The entire conference room instantly erupted in noise, with congratulatory shouts raining down on Zhou Hongyi. He opened his arms wide to receive the shower of champagne, a moment of triumph in his life.

The photographer who came in immediately pressed the shutter to record the scene. If nothing unexpected happens, this photo will appear on the front page of various media outlets in the port city tomorrow.

Zhang Xiaocheng, Qiu Bojun, Lei Jun, Wang Jiangmin, and others in other offices and meeting rooms of Dongke Port City also heard cheers. Many senior executives of Dongke Port City also rushed towards the meeting room.

Seeing this setup, Qiu Bojun and Lei Jun knew that 3721's path to listing was probably already cleared, and the first internet company listed in Zhongguancun was likely about to emerge!

……

Once the agreement was reached, 3721's listing was basically confirmed, but there was still a lot of work to be done, including coordinating with the legal departments of the major investment institutions and signing formal agreements.

Peregrine's team will also officially get involved, helping 3721 with its roadshow and developing a listing strategy, including implementing the greenshoe option. This means that after 3721 goes public, Peregrine will work with other institutions to stabilize 3721's share price and prevent it from falling below its IPO price.

Other common practices include having Zhou Hongyi give media interviews to increase his exposure and fabricating various news stories to promote 3721.

Li Dongling arrived at the lounge next to the conference room, and Lin Xianhui, Liang Botao, Zhou Hongyi and others followed.

This negotiation also took several hours, and Li Dongling was also exhausted.

But Zhou Hongyi showed no signs of fatigue at this moment; she was clearly still excited, with an uncontrollable look of excitement on her face.

Li Dongling took a few sips of tea, which eased his fatigue somewhat. He then looked at Zhou Hongyi and said, "Congratulations, Junior Brother Zhou, you've finally achieved your wish!"

Upon hearing this, Zhou Hongyi's excitement immediately subsided. "Senior Brother Li, 3721's listing is absolutely inseparable from the support of Senior Brother Li, Dongke, and Cyberport!"

Although Zhou Hongyi was feeling triumphant at this moment, he knew very well where all of this came from.

To put it bluntly, in the past two years, hundreds, if not thousands, of internet companies have emerged in Zhongguancun. So why was 3721 the first one to go public?

Zhou Hongyi knows perfectly well how 3721 obtained the resources and financial support far exceeding those of other internet companies.

Without Li Dashanren's endorsement, even if 3721 could develop, it would not have been possible, if not impossible, to reach its current level in such a short time.

Do you really think that Peregrine, the largest Chinese-owned securities firm in Asia, would so easily support an internet company?
Furthermore, upon arriving in Hong Kong, they received the green light and were able to list on the Hong Kong Stock Exchange almost without having to queue. These are resources that money cannot necessarily buy.

“Only those who help themselves will receive divine assistance!” Li Dongling said to Zhou Hongyi, but then changed the subject, “But I think that for 3721, going public is probably only the first step!”

"For any internet company, survival is the most important thing!"

Li Dongling's sudden words startled Zhou Hongyi, and Lin Xianhui and Liang Botao, who were standing next to her, both felt a sudden pang of unease.

Both of them had actually experienced the Southeast Asian financial crisis three years ago, so they understood all too well what Mr. Li meant by those words.

Lin Xianhui felt a surge of tension, his back straightened unconsciously, and his eyes were fixed on Li Dashanren.

"With this venture capital investment and the financing, 3721 will receive a total of 320 million US dollars in cash flow."

"I hope that the 3721 account can maintain a sufficient cash flow to cope with any unforeseen circumstances that may arise in the future!"

The philanthropist Li made it very clear that Zhou Hongyi should be careful with the money she spends.

Yes, 3721 is a company under the Dongke Group. If it really comes down to a critical moment, Dongling High-Tech will definitely lend a helping hand to 3721.

But 3721 is going public after all, and it has a lot of shareholders. If 3721 encounters a crisis, and only Dongke contributes money and effort while the other shareholders reap the benefits, wouldn't that be a huge injustice for Dongke?
If Dongling Hi-Tech were to bail out every company that is nominally affiliated with Dongke Group, it would probably work itself to death and still not be able to save them all!
Furthermore, even if Dongling High-Tech were to rescue 3721, it would only be if there was still hope for 3721 to survive. If the losses were too great and it died too quickly, even if Dongling High-Tech wanted to save it, it would have to consider whether it could actually be saved.

"Senior Brother Li, you mean..."

Zhou Hongyi, who was just in a state of excitement, felt as if she had been doused with a bucket of cold water, and the coldness was penetrating her from head to toe.

Li Dongling waved his hand, his face showing no abnormality, but what he said made Zhou Hongyi's heart tighten: "It's just a suggestion."

"As you know, since its establishment, Dongling Hi-Tech has always had a sum of money in its account that is enough to support Dongling Hi-Tech to maintain cash flow for several years without any income, without layoffs or business reduction."

I hope that 3721 can also achieve this, at least in terms of funding to sustain itself for the next three to five years!
After all, life is unpredictable; the prosperous Kaiyuan era of Emperor Xuanzong of Tang lasted only a few years until the An Lushan Rebellion.

Li Dongling has said enough; the cash flow in Dongling Hi-Tech's account is no longer enough to support the company for three to five years.

Under Hu Zixian's management, this cash flow, consisting of RMB in the Pingyang Dongling High-Tech headquarters account and USD in the Dongling High-Tech Port City account, is enough to support Dongling High-Tech's operation for more than eight years without any income!
Moreover, this cash flow is still increasing.

To be honest, if Dongling High-Tech hasn't found a way out or achieved any research results in eight years, then perhaps it would be better to just withdraw and save some dignity for itself.

After the Nasdaq dot-com bubble burst, it dragged down the global internet as well. It took about three to five years for it to begin to recover.

Whether Zhou Hongyi listened to what Li the Philanthropist said or not was none of Li the Philanthropist's business.

If 3721 encounters problems due to a broken capital chain in the future, Zhou Hongyi will have to consider whether she can still hold onto her position as CEO. If she wants a bailout, then someone will have to take the blame for 3721's problems...

Seeing Lin Xianhui and Liang Botao deep in thought, Li Dongling gave them a heads-up, saying, "Besides dealing with the listings of companies like 3721, China.com, and Ruyan e-cigarettes, I've also come to Cyberport to make adjustments or reorganize its internal operations!"

Now that Cyberport has a considerable amount of business and has acquired a number of companies including Peregrine, Li Dashan felt it was time to make adjustments.

These words startled Lin Xianhui and Liang Botao. Such reorganizations are often a way of reshuffling power, with some rising to prominence while others fall into obscurity.

Li Dongling glanced at the time; the next round of negotiations was about to begin. There was no time to go into details, so he simply wanted to prepare Lin Xianhui and his companion.

Li Dongling plans to merge Peregrine with Cyberport's Hong Kong-based bank, and then acquire an insurance company in Hong Kong to obtain an insurance license.

This elevates Peregrine's status within Cyberport, giving it a significant boost in business, including securities, banking, and insurance.

Peregrine can also undertake the Silicon Harbour project, cooperate with high-end medical equipment and the Global Medical Center to promote insurance, and provide loans to companies invested by the Harbour City Future Industry Fund, etc.

Peregrine will become another cash cow for Cyberport, following Hong Kong City Telecom.

Cyberport Telecom, Peregrine, and Cyberport Future Industry Foundation will become Cyberport's three trump cards.

These actions are not trivial matters and cannot be rushed. They should be dealt with after Li Dongling has finished dealing with the issues of China.com, Ruyan e-cigarettes, and other companies. We must not be hasty and leave any hidden dangers.

(End of this chapter)