I was busy with a lot of things in the first half of the year, but suddenly felt free in the middle of the year.
Since June.
Apart from holding a forum in Pengcheng to briefly talk about the outlook for the domestic and international environment and boost the confidence of mainland Internet entrepreneurs and investors, Su Yehao was basically idle.
Even at this forum, he only came forward to read a speech and announced that he would spend one billion yuan in the next three years to support some potential start-up companies. He did not need to spend too much thought on other aspects.
Su Yehao didn't take it seriously, but others didn't dare to take it lightly.
After the forum is held.
Someone thought about it carefully and summarized the meaning behind his words. In the final analysis, it is nothing more than one sentence - Silicon Valley collapsed because of the inflated bubble. Does it have anything to do with the mainland's Internet market?
If you think about it carefully, you will find that this is indeed the case.
The mainland's network communications market has just developed, and there are only a few listed companies.
Even if we take out companies like TAT and TOT, their total valuation is only a fraction of that of Kaomoji Group, let alone comparing it with multinational giants like Yahoo and Microsoft. The gap is too huge.
It's just a small puddle in the first place. Even if a tornado blows, how big of a wave can it cause?
The media received instructions from Su Yehao's subordinates and wrote several excellent news articles from the perspective of withdrawing funds from Silicon Valley and moving them to the mainland, as well as reshuffling the market, making it easier to seize investment opportunities.
As a result, more and more people are realizing that there is really no need to worry, and the impetuous panic in the market has subsequently slowed down significantly.
A group of thoughtful people are already considering taking action, following Su Yehao's actions, and trying to acquire some high-quality assets.
If Su Yehao just talks, they may not take it seriously.
But since he dared to express his position in public and decided to spend one billion yuan to support the development of the industry, this so-called "support" was naturally regarded as a sign of bargain hunting.
It can be said.
With the successful holding of the forum, many people took a reassurance.
Those voices from the outside world that badmouthed the domestic Internet market and believed that investment in communications infrastructure was a waste of money also plummeted.
Since the first Pengcheng Internet Forum was successfully held, everyone has continued to start businesses where they should, and work where they should, and the market order has been forced back to the right path by Su Yehao...
When he got involved, some people started to have a headache.
On June 22, Masayoshi Son, the CEO of Japan’s SoftBank Group, came to the mainland for inspection again. On the way from the Shanghai airport to the city, he made an appointment with several venture capital managers under SoftBank for dinner.
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During the banquet.
Son Zhengyi took a sip of wine from his cup and asked while eating the food:
"I remember there was a company called Yiwang last time. The boss was fat. Why is there no news?"
A certain supervisor opposite him felt like he had a lump in his throat after hearing this. He put down his tacit speech, bowed his head respectfully, and reported:
"Before, we have entered the stage of communicating the financing amount, and the other party's attitude has always been very good..."
"Then what?"
"That Su from Hong Kong City held a forum in Pengcheng. Later, the entrepreneurs changed their attitude. The shareholders of Yinet Company hope to reduce the financing share to less than 20%. Su Yehao's SSSSS Asset Management Company publicly announced
, will spend one billion yuan to support a group of start-up companies, which may involve official support. After all, this 5S asset management company is quite special. It just became a shareholder of Hong Kong City Exchange yesterday."
Hearing the other party making excuses, Son asked impatiently:
"I have already talked with you personally, but you can actually throw away the project? Why didn't you sign the contract in time? The last time I came here was in May. What did you do during this period?"
"...Nasdaq kept falling at that time. I thought that if I waited, I could save you a lot of money, president. I was wrong!"
The Japanese employee who replied knew that he was in the wrong, so he immediately stood up, walked around the chair, and knelt in front of Son with his hands on the ground, his forehead already hitting the carpet.
This shocked the waiter who came to deliver the food.
The cultures of the two sides are different. In domestic traditional customs, kneeling is considered a great gift.
The waiter thought that when he went to the graves to pay homage to his ancestors, his posture was not so standard, so he couldn't help but glance a few more times, just to watch the excitement, it was not a big deal.
Sitting on the chair, Sun Zhengyi frowned and said:
"Get up! Now is not the time for you to apologize. You have to pay attention to the occasion. Next time what I ask you to do, just be responsible and do it well. Don't do anything without authorization. I heard that the network communication market in Africa is also developing. If we delay the company's investors again,
If it is our interests, then go to Africa to open up new markets."
The kneeling man stood up immediately after hearing this and stood there motionless with his head lowered.
last month.
Sun Zhengyi met Ding Sanshi, who was building a portal website, and the two hit it off and negotiated a deal to acquire 40% of Yiwang's equity with US$4 million in financing.
As a price, Ding Sanshi promised to use Sun Zhengyi's financing to double the number of Yinet users on the current basis within one year.
If the target is not achieved by then, SoftBank will have to be given an additional 10% of Yiwang shares, which is equivalent to an investment agreement with a gambling nature.
Considering the increase in the number of mainland Internet users, it is relatively easy to implement a gambling agreement between the two parties.
Long before the rise of Su Yehao, Ding Sanshi had already started his own business, so he was not swept away by butterfly wings. Before that, he was mainly engaged in the online forum business.
In order to avoid being poked in the spine and surrounded by people accusing him of eating alone, Su Yehao deliberately let some small fish escape.
Yi.com is one of them. He had seen the relevant information as early as 1998 and turned a blind eye to the opportunity to raise funds for Yi.com.
Later, with the rise of the portal concept.
Ding Sanshi also tried to develop in this direction, relying on the user base accumulated through online forums to seize another round of opportunities.
The current scale of Yiwang is far less than that of the same period in its previous life.
However, its performance among the second-tier Internet companies in the mainland is remarkable, so it has successfully broken into Son Zhengyi's sight.
The reason why Sun Zhengyi is optimistic about it is that he hopes to use this group of users of Yinet to develop Yahoo China Station as soon as possible and take the opportunity to put some pressure on Su Yehao.
He is quite ambitious.
He and Su Yehao have never met face to face, but there are many conflicts of interest between them.
For example, the rise of Google has harmed Yahoo's interests. For example, when the two parties have plans in the mainland market, they often bump into each other when selecting venture capital projects.
Originally, the financing of Yinet was already a sure thing, but now the project has actually failed, which will directly affect the short-term development of Yahoo China Station. This is the root cause of Sun Zhengyi's anger.
In fact, based on the market environment last month, it is not wrong to hang one to three stones.
At that time, a large number of entrepreneurs lined up to seek investment from Sun Zhengyi.
Each person was only given a five-minute interview opportunity. Even though it was so cruel and ruthless, it still attracted countless entrepreneurs to flock in and try their best to meet Son Zhengyi.
Recently.
Nasdaq began to recover, and its strong performance restored market confidence, and at the same time attracted funds to enter the market again, stepping out of a small bull market.
Ding Sanshi of Yiwang was keenly aware that the wind direction had changed again, so he was not willing to continue to implement the previous financing plan.
This may not seem to have much to do with Su Yehao, but it is also inextricably linked.
At least he tried his best to do something practical to help the mainland Internet industry, which is very valuable.
As long as we help mainland Internet companies obtain financing opportunities from other places, we can effectively prevent cheap assets from being plundered by foreign capital.
The newly established SSSSS Asset Management Company is preparing to launch a private equity fund product focusing on the mainland Internet industry, and plans to raise 2 billion yuan from the mainland.
When the funds are in place, the money will also be invested in the domestic Internet industry, and Su Yehao will personally take care of it...