With the help of a translator, I had a difficult meeting with the senior executives.
Originally it could be done in about half an hour, but a bunch of people were flattering and showing determination, so it took more than an hour to finish.
After the meeting.
Su Yehao went to Nong Qingying's office and sat for a while.
I casually used my computer to check the current status of the online game industry in Japan, and also tried to find relatively reliable local Internet companies online.
The gaming industry is mainly dominated by Nintendo and Sony, and there are no interesting projects.
As for Internet companies, the one with the highest market value today is called "Yahoo Japan". This company is a joint venture between Yahoo and SoftBank. Yahoo owns 34% of its shares and Son Zhengyi owns 51% of its shares.
As the founder of SoftBank, Masayoshi Son invested in Yahoo much earlier than Su Yehao, and became the second largest shareholder.
At its peak, SoftBank held 33% of the shares in Yahoo's parent company. Later, it cashed out 5% and made a profit of US$450 million. Now the remaining shares are becoming more and more valuable. Compared with Su Yehao, Su Yehao is just a small investor.
Some days ago.
SoftBank Group also tried to extend an olive branch to TVT, trying to raise US$50 million based on a valuation of US$200 million.
Su Yehao would definitely not agree to this condition, and besides, he didn't lack the $50 million.
Instant messaging software has always been despised by investment institutions because it cannot find a profit model to monetize users. If the company does not make money, it naturally does not receive attention.
As Su Yehao tries to turn the situation around, more and more people are paying attention to TVT and ICQ, and the upward revision of valuations by appraisal agencies is enough to illustrate this point.
One day in the future, Su Yehao may be chased off the market by wealthy capital, spitting out some of his fat meat, and spending money to gain peace.
With the greed of capital, this can be expected in advance.
He had not thought that he could live alone forever, but in the short term, there was no need to release his shares.
Compared with those dazzling Silicon Valley giants, his company is still in the early stages of entrepreneurship and is facing huge losses. When will the pressure start to increase, it is estimated that the Nasdaq bubble will also collapse, and funds will only retreat crazily.
According to this analysis, the next few years should be the golden period of development, and there is no need to worry about safety issues for a while.
Except Yahoo Japan.
Another Japanese Internet company that Su Yehao is interested in is called "RAKUTEN".
It's similar to Amazon.
From the English information found, we can see that the operator of Rakuten Market, Japan's largest electronic shopping street, invested in the establishment of the RAKUTEN (Rakuten) online shopping website last year.
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Just one year later, the company's valuation has risen to about 20 million US dollars, and the media called it "the new hope of Japan's Internet e-commerce."
I found the website and went in to take a look. Su Yehao found that there was a lot of Chinese in it and I could barely understand part of it.
Nong Qingying made tea and gave it to him. When he accidentally caught a glimpse of the picture on the screen, he suddenly had a strange expression and said with disdain: "Your taste is really weird. Do you like these auntie-style underwear?"
"..."
Su Yehao's attention was focused on the user experience of this e-commerce website. He did not pay attention to the product content at all, but mainly looked at sales volume and price.
Seeing that Nong Qingying had misunderstood, she couldn't help but explained:
"How is it possible? The picture just loaded, and you still don't know what style I like? Silicon Valley has begun piloting broadband networks, and the network speed is much faster than here in Tokyo. I feel that this company is worth investing in, at least I can find the direction to start a business.
Very good, I am also paying attention to the e-commerce field."
Just teasing him, Nong Qingying certainly knows that Su Yehao likes sexy people.
When she learned that she could make money by investing, she immediately changed her attention and asked with interest:
"Then while you are here, hurry up and have a chat with the other party? I read it in the newspaper and said that this round of Internet companies' surge is due to the upgrade of communication technology. In the future, the Internet speed will be very fast, and the number of Internet users will also change.
If you invest in high-tech companies now, your profits will definitely not be bad."
"Hey, do you still pay attention to news in this area? There are all fashion magazines at home, so I thought you weren't interested."
"...Nonsense, didn't I invest so much money in Yahoo?"
After hearing this, Su Yehao smiled happily, and then said to her: "The boss of this company seems to be quite rich, but he may not be willing to accept financing, and the website is too small, with only more than 2,000 products in total."
"Can I invest in it?"
"There is no need to rush for the time being. When you have some spare money, you can give it a try. In fact, the most promising one is Amazon. Unfortunately, the market value is already terrifyingly high. If you wait patiently for a while, you will still have a chance to get on board."
Su Yehao continued to read the content displayed on the computer screen and closed the web page.
The reason why he didn't pay too much attention was not that e-commerce like RAKUTEN didn't make money, but that he was afraid of trouble.
Supporting a start-up company is not only time-consuming and labor-intensive, but also likely to cause a lot of trouble.
On the one hand, its founders appear to be quite wealthy, which means that financing requires a high premium.
on the other hand.
With RAKUTEN's current scale, Su Yehao can completely bypass it and create a wholly-owned subsidiary based on the models of Amazon or Jingdong, attract traffic through TVT and ICQ, and open up the Asian market.
When playing with RAKUTEN, Su Yehao is the one who suffers.
The strength of the two sides is not equal, and he knows the value of traffic better than anyone else, so of course he does not want to let the fertilizer flow to the fields of outsiders.
After thinking about it briefly.
Su Yehao thought of an idea and told Nong Qingying:
"Forget it, I'll find some people and build a similar platform. It will initially focus on the female consumer market and then slowly expand. Users place orders online and have them delivered directly to their homes by mail, selling some skin care products.
Products and cosmetics, as well as leather bags, shoes, etc., will be helpful to SK2’s performance.”
Nong Qingying had never bought anything online before. Fox questioned him and said, "I can't try it out. It sounds a bit troublesome. Will it be possible then?"
"If the price is cheaper, users may try it in a physical store first and then choose to place an order online. As long as the purchasing process is well controlled, even if the price is cheap and the store and labor costs are reduced, you can still make money."
After listening to Su Yehao's words, Nong Qingying said calmly: "If you think it's okay, then go ahead and do it. I don't really understand it anyway..."
Obviously it is another difficult entrepreneurial project, and it may not make any money within ten years, but considering the need to monetize chat software users, it is worth spending some money to give it a try.
If successful, a similar model can be extended to South Korea, Taiwan and the mainland, radiating to the entire East and Southeast Asian markets.
With traffic in his hands, even if Su Yehao doesn't want to worry too much, he still has to worry about it.
The opportunity is right in front of you, you can't pretend not to see it.
Thinking of finding some Japanese employees from Silicon Valley and leaving the task of establishing a new company to KOKO Venture Capital, he first accompanied Nong Qingying to eat Teppanyaki together...