Reborn since 1993

Chapter 385 The alternation of old and new
Now Founder Group and New Oriental are both developing in full swing. The former is one of the most prestigious technology companies in China, and the latter has become the preferred training institution for countless people studying abroad. Both of them are living quite well.

In comparison, Kingsoft is not doing well nowadays, and there have been many rumors of bankruptcy.

Perhaps it cannot be said to be a rumor. Kingsoft had been looking for funds before, but the office software empire it had worked so hard to build was snatched away by Microsoft's Office.

In fact, even if it hadn't been stolen, office software wouldn't make much money. Take the current domestic office software environment, where pirated, copycat, and cracked versions are rampant. Neither Kingsoft nor Microsoft Office actually makes much money.

Otherwise, Microsoft would not have forced purchasers to purchase Office if they wanted to purchase Microsoft systems in China in order to promote Office in China, and would not have refused to give discounts, causing many domestic municipal government office procurement departments to be quite dissatisfied with Microsoft.

If Microsoft Office wants to make money in China, it has to rely on bundling the system, not to mention Kingsoft. Even if it develops a new generation of Kingsoft software and defeats Office, it is estimated that... it will not make much money. This is not a problem of ability, but the industry is like this. The entire industry is not profitable, not just one company.

But the reporters present had no intention of letting Qiu Bojun and Lei Jun go, and threw all kinds of questions at them.

"Manager, please tell me if Kingsoft will go bankrupt?"

"Kingsoft's new generation Pangu Office software has failed miserably. Will they launch new office software in the future?"

"Is Kingsoft's investment in the IT training center a sign of its intention to completely abandon its office software business?"

Reporters have always been very sharp-tongued. They were not targeting Qiu Bojun and Lei Jun on purpose, but the questions they raised made Qiu Bojun and Lei Jun a little overwhelmed.

"Kingsoft will not go bankrupt. We have received a $3 million investment from Mr. Li Dongling, the founder of Dongling Hi-Tech. Mr. Li Dongling has also officially become a member of Kingsoft's board of directors!"

When he was forced into a corner by a group of reporters, Qiu Bojun brought up Li Dongling. When they heard that Li Dongling had invested in Kingsoft, the reporters and media who had been so aggressive just now were all shocked.

To be honest, Kingsoft is now well-known in the domestic technology industry, but how much strength can a company that is on the brink of bankruptcy have?

But if Li Dongling invested in Kingsoft, the impact would be completely different. It was not because of how much value Kingsoft had, but because of Li Dongling’s investment.

Up to now, no one in China who has any knowledge of the technology industry dares to question Li Dongling's investment vision. Dongling Hi-Tech is the best proof of this. It has never failed since its debut, and in just a few years, it has become the most profitable technology company in the country.

Media commented that the second largest technology companies in China, including Founder, Lenovo, Changhong, Haier and Pengcheng Chrysanthemum Factory, are far behind Dongling Hi-Tech in terms of revenue alone.

Although some media have claimed that Dongling Hi-Tech is growing too fast and has an unstable foundation, and that the faster it climbs, the harder it falls, Dongling Hi-Tech is indeed in a unique position in the domestic technology industry at the moment.

In addition, a number of companies invested by Li Dongling, such as Feiyan Technology and Torch Group, have also performed very well. Not to mention, the Zhixing Foundation established by Li Dongling and his investment in Yahoo in America have a valuation of more than 500 million US dollars. Doesn't this prove Li Dongling's investment vision?

The reason why so many media and reporters are present today is that quite a number of them are here for Li Dongling. Li Dongling is a major shareholder in the groundbreaking ceremony of the New Oriental campus and Hanxi Software Industrial Park, so he must come to participate.

These reporters came here because of a report from the Hong Kong media. That report has just been introduced into the country. It is estimated that in the next few days, a large number of domestic and even foreign media will rush here.

But now, when they suddenly heard that Li Dongling had invested in Kingsoft, the media and reporters present couldn't help but speculate whether Kingsoft really had something worth investing in, and whether Kingsoft was underestimated by the outside world, otherwise how could it have won the favor of Li Dongling?
Seeing that Li Dongling's mention made the media and reporters stop asking questions, Qiu Bojun and Lei Jun both breathed a sigh of relief. They would rather solve the technical problems than face these reporters. What could they say about Kingsoft's current situation?
At this moment, a burst of noise was heard, and then Li Dongling and a group of leaders from Pingyang Municipal Government and Hanxi Provincial Government who came here today appeared in front of everyone.

When they saw Li Dongling appear, a group of reporters rushed over immediately. Even the number of reporters in front of Zhang Yufeng and Yu Minhong decreased a lot.

Zhang Yufeng and Yu Minhong had no complaints about this. In fact, as long as you have read the latest news today, you will know who is the most talked-about person in the country today.

"Congratulations, Mr. Li. The Li family has become one of the first people in China to be included in the Asian Rich List. What do you think of your ranking on the Asia Weekly Wealth List?" "Mr. Li, you are ranked 16th among the top 20 richest people in Asia this time. Are you dissatisfied with the ranking?"

"The Asia Weekly Wealth List estimates your net worth at $84 billion, Mr. Li. There are rumors in Singapore and other media that this ranking seriously underestimates your net worth. What do you think?"

As soon as Li Dongling, Yao Zhengru and several people from the provincial capital came over, they were surrounded by a large group of reporters. All this was because Asia Weekly announced the latest list of the top 20 richest people in Asia.

This list, like previous years, is basically composed of wealthy Chinese and Chinese Americans in Asia, including the four richest people in Hong Kong, the Chinese American sugar king of Malaysia, the boss of the Asian world, the Japanese and Indian billionaires, etc.

But what is different from previous years is that there is a new face on the list, that is Li Dongling, who appeared on a list of Asia's richest people. This is the first time that a person from inland China has appeared on the list of Asia's richest people, and as soon as he appeared, he rushed to the sixteenth place!
Looking through the wealth list of Asia Weekly, basically the people on the list have their wealth derived from real estate, banking, finance, jewelry, shipping, or rubber and sugar resources. However, Li Dongling is the only one who comes from the technology industry and is on the list. What is more important is age. The people on the list are basically in their sixties and seventies, and the average age is over 62!
This is also in line with most people's stereotype of these wealthy people with astonishing net worth. Basically, they rely on years of wealth accumulation, slowly making money from money, and accumulating enough net worth through monopoly or occupation of certain industries. They are all the kind of old-money wealthy people who get richer as they get older.

This is not only the case in Asia, but also in America and old Europe. However, a new face on the newly released wealth list has changed everyone's inherent impression.

Without relying on traditional industries such as real estate, finance, insurance, banking, jewelry, sugar, rubber, etc., he played in the emerging technology industry. His net worth unexpectedly reached 84 billion US dollars. At the age of less than , he became one of the new generation of top richest people in Asia!

When Li Dongling appeared on this list, the average age of the top 20 richest people in Asia became much "younger"!

Because this list has just been released in China, only the media have rushed to the scene. However, it has already caused a huge stir in Hong Kong, Singapore, Formosa, the Philippines, Malaysia and other places.

For countless people, the impact of this list is so great that it has exceeded the expectations of countless people, and even made many media exclaim that a new era of wealth may be coming!

There may be tremendous changes in the wealth rankings in the future. The net worth earned by traditional industries such as real estate, insurance, and finance may not be as fast as that earned by those in emerging technology industries!

After all, there is a precedent. Bill Gates became the world's richest man, and a large number of technology tycoons emerged in America and are replacing the old money people in traditional industries.

This time, Li Dongling's net worth has hit the list of the richest people in Asia, which inevitably makes people wonder whether there will also be a wave of technological wealth creation in Asia? !

Seeing Li Dongling surrounded by the media and reporters, Yao Zhengru and several people from the province all smiled and gave up their seats on their own initiative.

In this age when thousands of people are rushing into business, if a province can produce a richest man in the country, it would be a feat that the local municipal government can take credit for, boast about and publicize, not to mention that he is one of the top 20 richest people in Asia.

This is not only beneficial to the local area, as the emergence of a company can provide a large number of jobs and tax revenue, but it can also allow the local city government to take the opportunity to promote the local business environment and attract more companies to settle in, making it easier to attract investment. Of course, it can also become the achievement of many people and can be vigorously publicized!

Li Dongling looked at the large group of media and reporters in front of him. Although they had contact with Li Dongling as early as when Asia Weekly released this rich list, Li Dongling still underestimated the influence of this list after it was released.

“Thanks to Asia Weekly for ranking Tanglin Hi-Tech, but this is just a list, not a ranking of listed companies!
There are countless excellent companies in China and Asia that have not been noticed, such as Juhua Factory, ZTE and Haier. They may also become companies that will surprise and make countless people proud in the future. Valuation does not represent everything! "

Li Dongling spoke a few words to the media, but did not dwell too much on his net worth, nor did he comment on other figures among the top 20 richest people in Asia.

But the media finally got the chance today and were not willing to let Li Dongling go easily. They still surrounded him and asked all kinds of questions, as if they would not let him go unless Li Dongling said something.

"I will accept an exclusive interview with Asia Weekly, and other media can also participate at that time!"

"Today is the groundbreaking ceremony for New Oriental and the IT training center. Everyone should pay attention to them. This will be big news in the future, believe me!"

(End of this chapter)