Without the massive amount of data accumulated by Toutiao, the user profiles of hundreds of millions of users, and the increasingly sophisticated and accurate algorithms, Douyin would have found it difficult to stand out so quickly and reach such heights.
Similar to the real world, major internet companies in this world do not pay enough attention to mobile news apps and still follow the old methods used on PCs.
Therefore, Li Mu's opportunity has arrived.
It's absolutely true that Toutiao is the foundation of ByteDance. If you want to develop Douyin, you must first do a good job with Toutiao.
This is also the path Li Mu planned for Origin Technology: first, focus on developing a mobile news app, and then launch Douyin (TikTok), with the two complementing each other.
Compared to purely short video platforms, this combination undoubtedly holds an absolute advantage in all aspects, ensuring that the company can stand out from the competition.
After discussing it together for a while, the group gradually finalized the development plan and established a big data center and an AI intelligent algorithm center.
Li Mu looked around and concluded by saying, "As the company's first product, I see Daily Headline not only as a mobile news platform that provides users with precise and personalized information based on data mining, but also as a testing ground for our data collection, user analysis, and algorithm optimization."
"In the future, it should have the potential to grow into a comprehensive media platform."
"It should be an app that learns automatically, using user behavior analysis and recommendation engine technology to provide personalized and accurate recommendations to meet users' daily news reading and sharing needs."
"We also need to be able to intelligently analyze users' interests and hobbies, automatically recommend content that users like, and become increasingly knowledgeable about users."
"What you care about is what makes headlines!"
"This is the slogan of the Daily Headline app, and it's also our company's slogan now."
"I hope everyone will work with me to make this software a success. The high salary we have now is nothing compared to the stock options that will allow everyone here to achieve financial freedom in the future."
"Gentlemen, let's work together, and perhaps the next internet giant will be us."
Li Mu's words ignited the passion of those present. It wasn't just a few motivational words; he offered solid, practical advice. If they could truly create a highly innovative software like Daily Headline, its future would be incredibly promising.
By then, financial freedom will not be just empty talk.
Even now, many people are already fired up and eager to make a big splash. If everything goes smoothly, they will achieve a triple harvest of wealth, fame, and career success.
After discussing technical matters and seeing off the experts, Li Mu and Xu Ming talked about the issue of talent.
After such a long period of effort, through open market recruitment and headhunting, the company's total number of employees has now exceeded 600, of which more than 180 are PhDs from top universities.
Many of them are business and technical backbones from major internet companies such as Tencent, Baidu, and their former employer, Xinchao.
For a time, it was a time when many talented people gathered.
The company's administration, legal affairs, finance, etc., have also been established. Although it is a startup, its formalization is no less than that of some enterprises.
In an instant, they were eager to fight, ready to unleash their power, and had the ambition to soar into the sky.
After introducing the company's talent pool and recruitment situation, Xu Ming said seriously, "President Li, I think we can slow down the recruitment process. I have communicated with the technical department, and with the current talent pool, we are more than capable of completing the next development tasks."
"We will not stop recruiting, but we will be more rigorous and strive for excellence. We will not be recruiting indiscriminately like we are now."
"We aim to fill the company's current shortfall of around 400 employees within two to four months."
Li Mu pondered for a moment, then nodded and said, "What you said makes sense. The company already has enough people on the technical side, so there's no need to rush recruitment. We can focus on excellence and discover more potential talents."
"In addition, your human resources department must also take responsibility and do a good job of reviewing and evaluating existing employees. If there are any unqualified employees, they should be dismissed as soon as possible during their internship period."
Xu Ming laughed heartily: "Don't worry, Mr. Li, we've already started. We've dismissed three people, and there are more than a dozen others on the observation list."
Li Mu picked up the purple clay teapot, filled it for both of them, and took a small sip.
"The tea is good, Lao Xu. You've worked hard these past few days."
Xu Ming relaxed slightly and smiled, "It's nothing, it's all part of my job."
After chatting for a while longer, he had his secretary see the person out.
Li Mu took out his phone and checked the stock market index.
Two weeks ago, seeing that the bubble and leverage risk in the A-share market were too great, the regulators began to take strong measures. First, they cracked down on off-exchange margin trading, shut down the HOMS system, and completely cleared out 400 to 500 billion yuan. Subsequently, they partially liquidated margin trading and umbrella trusts.
However, deleveraging at high levels is inherently a very dangerous thing. If it collapses, a stock market crash will begin, and widespread plunges will occur.
The Shanghai Composite Index has now fallen to 4,000 points, and the dozens of companies that Li Mu shorted have fallen even more than the overall market.
If you choose to close your position now, you'll have a net profit of about 350 million, but at 4,000 points, it's still far from the bottom.
Let's wait another two months; the rewards will be even greater then.
Chapter 111 Prince Charming
That day, Li Mu drove out and had just arrived at the gate of the residential compound. On the other side, Fan Shengmei, wearing a white shirt and light blue tight pants, walked into the compound with her long, straight, white legs and a seductive figure.
As someone who desperately wants to marry into a wealthy family and snag a rich husband, Fan Shengmei has a very sharp eye and was instantly attracted to this Bentley Continental.
The price of such a luxury car is equivalent to an apartment in the Ode to Joy residential complex, something Fan Shengmei dreams of owning.
A little curious, she pretended to be nonchalant and secretly peeked into the driver's seat, hoping it was a handsome young man, and certainly not some old man. Even though nothing was likely to happen, it was still nice to fantasize.
However, the next moment, when she caught sight of the person in the driver's seat, she froze on the spot, staring blankly as the Bentley drove away.
To her surprise, the driver turned out to be the resident downstairs. She had initially considered him, but regrettably gave up on him because his apartment was in a mid-range community like Joyful Song, which didn't meet her standards.
"I never expected that after so many years in the Shanghai stock market, and always prided myself on my sharp eye, I would make such a mistake and mistake gold for worthless trash."
Fan Shengmei was stunned for a while before she finally complained with a face full of emotion.
However, she soon became excited again. This eligible bachelor was not only her downstairs neighbor, but they also met frequently and exchanged greetings many times.
As the saying goes, "being near the water tower makes it easy to get the moon first," she had never felt so close to her goals and happiness before.
……
Fan Shengmei returned to her residence excitedly and triumphantly. When she saw Guan Juer there, she could no longer contain herself.
"Guan Guan, do you know what? The resident downstairs looks pretty ordinary, but I never expected him to be so rich. He drives a Bentley Continental, which can buy an apartment in our complex."
"I was so blind, I never noticed it before."
After Fan Shengmei finished speaking, she noticed that Guan Juer's reaction was a bit strange, and asked, "Guan Guan, Sister Fan is talking to you! You know the person downstairs, right? Can you believe he's so rich! Rich people these days are really low-key."
Guan Juer paused for a moment before looking down and saying, "Sister Fan, you mean Brother Li downstairs."
Fan Shengmei said with a sigh, "Yes! This neighbor often greets us. He seems like a nice person. I didn't expect him to be so rich."
Guan Juer nodded in agreement: "Yes! Brother Li must be very rich."
Fan Shengmei glanced at Guan Juer with surprise and laughed, "Guan Guan, not bad! It's good to work in a big company; you've developed such keen eyesight so quickly. I only noticed it today when I saw his luxury car, I didn't expect you to have noticed it too."
Guan Juer hesitated for a moment before explaining, "Sister Fan, actually Brother Li is a client of our company."
Fan Shengmei was taken aback: "He's a client of your Huaxin. Anyone who can be called your client must be rich. You already knew this." Her tone was somewhat surprised and a little disappointed.
Guan Juer quickly explained, "Sister Fan, I don't know the specifics either. A while ago, Brother Li was talking to a vice president of the investment department downstairs at our company. We happened to run into him, and the vice president seemed to treat him very respectfully."
“You know that we at Huaxin Securities deal with money all the time, especially the people in the investment department who are very shrewd. They only lower their stance like this when facing wealthy people and big clients.”
"Actually, I didn't know if Brother Li had money, but I felt he must be very capable. I only realized that after hearing what you said today, Sister Fan."
Fan Shengmei felt much better after hearing Guan Juer's explanation.
"Guan Guan, didn't you see the car he was driving? It's so beautiful, it's definitely one of a kind in our neighborhood. How come I never noticed it before!"
"Sigh... I'm almost thirty, has my vision deteriorated too?"
Guan Juer glanced at Fan Shengmei and asked cautiously, "Sister Fan, is the Bentley you mentioned that light blue car that looks really nice?"
Fan Shengmei nodded very firmly and said, "Yes, that's the one."
Then, she looked at Guan Juer with surprise: "Guan Guan, have you seen this car before?"
Guan Juer was afraid of upsetting Fan Shengmei, so she said cautiously, "Sister Fan, a few days ago, I ran into Brother Li in the elevator on my way to work. He happened to be going to our company, so he gave me a ride."
"I think this was the car I was in at the time."
After Guan Juer finished speaking, Fan Shengmei was stunned. She pointed at Guan Juer for a while before saying, "Guan Guan, we have such a good relationship, and you didn't tell Sister Fan about something so important."
Guan Juer said embarrassedly, "Sister Fan, you know me, I just started working and I don't know any brands at all. My colleagues at the company can talk about luxury goods like they know everything, and they can tell which series it is at a glance, but I don't know anything about them."
"I only recognize Mercedes-Benz, Audi, and BMW. I've heard of Bentley, but I don't recognize the logo at all."
"That day, I thought Brother Li's car looked very nice and was very comfortable to sit in. I had no idea what kind of car it was and was too embarrassed to ask."
"Sister Fan, I really didn't mean to hide it from you,"
Fan Shengmei pointed at her and sighed helplessly: "Guan Guan, I don't blame you. You've just started working, and your horizons and knowledge haven't caught up yet. You'll be fine in a couple of years."
"However, it's not too late to know now. The person downstairs often comes and goes alone, so he must be single. Sister Fan, I've been waiting for so many years, and my target has finally appeared."
"I've made up my mind. I'm going to win over the girl downstairs and never live like this again."
Hearing Fan Shengmei say this, Guan Ju immediately recalled the scene of Michelle leaving in Li Mu's car. The two of them must be very close now! Have they officially become a couple? Brother Li is no longer single.
Looking at Fan Shengmei's excited face, Guan Juer hesitated whether she should tell her the truth and cruelly shatter her beautiful dream.
Although Fan Shengmei is a bit materialistic and eager to find a rich husband, the man who shared the apartment with her took good care of her, treating her and Qiu Yingying like younger sisters. He also has good character, a chivalrous spirit, and will stand up for what is right when he sees injustice.
She simply couldn't bear to shatter her beautiful dream with her own hands.
Seeing the strange expression on Guan Juer's face, Fan Shengmei immediately suspected something was wrong and asked with a serious expression, "Guan Guan, you don't also like that Brother Li downstairs, do you?"
Seeing Guan Juer open her mouth as if to say something, but not utter a sound, Fan Jie hesitated for a moment before solemnly saying, "Guan Guan, you know that I'm already thirty. I'm what everyone calls an old maid. If I don't find someone to marry soon, I'll really be left behind."
“I haven’t been in a relationship for several years. I just want to find a rich man with good character and get married. My family’s financial burden is too much for ordinary people to bear.”
“I’ve always thought of you as my younger sister, and I shouldn’t be arguing with you about this, but Sister Fan, I have my reasons, and I hope you can understand.”
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