The Nasdaq has fallen for most of this year, with the index falling back to around 1,000 points.
This means that compared with March 2000, only about one-fifth remains. The multi-trillion dollar bubble has evaporated, and the market has finally basically bottomed out.
It seems that it just dropped from 1,400 points last year to the latest 1,000 points, but it means a drop of nearly 30%.
Countless investors suffered heavy losses, and the wealth accumulated by some middle-class people disappeared and they were downgraded.
There is constant movement on Su Yehao's side.
Last year, he acquired PayPal and Netflix, integrated the gaming business at the same time, and successively invested in Apple, Amazon and other companies, making him one of the most influential entrepreneurs in Silicon Valley.
This year we are mainly busy consolidating development.
In June, Yanmoji Group successfully issued US$850 million in corporate bonds, greatly easing financial pressure. As a number of companies began to recover, their revenue in the third quarter hit a new high, and investors were cheered.
As for Google, it is still competing with Yahoo for the market.
The proportion of new Internet users using Google's engine has exceeded that of Yahoo. The trade-off between the two parties has made Google's business develop very rapidly. It spent a total of 230 million US dollars to acquire two Internet advertising service providers in succession to improve its advertising business.
, basically achieving balance of payments.
Su Yehao just handed over the picture sharing business to the emoji group in August, and handed over the audio and video content sharing website to Google. The two companies developed independently and performed quite well.
He is making steady progress, and other Internet giants who have taken the lead in getting out of trouble are also not idle.
As soon as bargain-hunting funds began to flow into Silicon Valley, a group of companies that recovered began to start a new round of expansion plans. After the crisis, there will often be a wave of mergers where the big fish eat the small fish.
Therefore, Su Yehao is not surprised that eBay is investing in the mainland market, but he feels that the so-called investment of US$500 million is unreliable. After all, eBay's total market value is only more than US$2 billion. If there is really so much cash on the books, the stock price will not be the same.
It will fall so badly.
After talking to Boss Ma on the phone, he quickly asked someone to check the relevant situation.
I waited until I went to Tianyu Cinema to watch the movie and received feedback from the assistant office. He told me that the CEO of eBay had been in frequent contact with venture capital institutions recently and seemed to want to obtain a financing. There was no confirmation of the so-called $500 million investment plan.
.
After learning about these situations, Su Yehao was basically certain that this news was probably a pie created by eBay for potential investors, or it could be the unscrupulous media that caught people's attention and maybe promoted the 500 million yuan as 500 million yuan.
One hundred million U.S. dollars.
Su Yehao himself often encounters similar things. For example, Sihai International's "One Hundred Sihai Shopping Centers" plan only spent 10 billion in start-up capital, but when it came to the media, it turned into a 200-billion-level super project. Experts
Just listen to it as a joke.
After Su Yehao left the cinema, he personally called Boss Ma back to reassure him.
After Nangong Tian got into the car, she chirped:
"I just said it's unreasonable to spend so much money at once. It's more than 4 billion yuan. There are only so many Internet users. Do you want to give them free products? Brother Hao, your business is so big, and you haven't invested much in the mainland.
With funds, how can an eBay company dare to ruin things? You think so."
….
Rubbing her head, Su Yehao said with a smile:
"Indeed, with the current size of the mainland Internet market, we won't be able to spend that much money in the short term. I was a little worried before, thinking that eBay saw a blank market and had the courage to come to the mainland to make a desperate move. Sure enough, they were still overestimating them."
What he calls a blank market refers to a B-model similar to that of Jingdong and Amazon, which is equivalent to online Wal-Mart. The website purchases products at low prices, establishes a warehousing and transportation platform, and sells to consumers to earn the price difference.
The B2B business model of Dabao is quite acceptable, and it is indeed a blank market in this area.
Su Yehao originally wanted to raise funds for Jingdong, but it took a long time to wait. Brother Dong may have been blown away by butterfly wings. He may be selling computers in Zhongguancun, or he may change his career to repair mobile phones.
Can meet a horse
The boss and the others regard it as a coincidence. Under Su Yehao's intervention, the entire mainland Internet market is completely different from the previous life and is almost monopolized by him.
It’s really difficult for other people to take the lead.
The market share is so high that Su Yehao has to take the initiative to support other small and medium-sized enterprises to compete with him, so as not to attract trouble and cause trouble.
There is really no one who can run a business like this.
Su Yehao continued at this moment:
"I am not going to interfere with eBay's investment plan this time. I think it would be good to have a whetstone for companies such as Dibao to experience it. I will help with the development direction, funding, talents, etc., and even create an ecological chain to guide each other.
, if this can ruin the business, then it can only be said to be God’s will.”
Jiang Yu studied business management and continued:
"Internet companies in the mainland are different from the fiercely competitive Silicon Valley. Under your protection, they have gone very smoothly and have not experienced ups and downs."
"Yes, it's time to give them a sense of crisis, lest those senior executives mistook the resources and platform provided by me for their own abilities, and spent all day trying to start a business overseas.
"
Regardless of Tat or gaming companies, the number of executives who resigned this year to go out on their own is much higher than last year.
Su Yehao never stopped him, but a few of them tried to divert people away from Tat, playing the trick of working inside and outside the rat warehouse. Business was already done, and the prosecution was sent in. At other times, it was easy to get together and disperse.
With the assets diversified to his level, Su Yehao will not be hurt if one or two companies have problems, so even if the knife is tortured in the end, Su Yehao can accept it.
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Other companies are competing all the way to get the upper hand. If the market share is so high that they can fail, he would rather invest in competitors instead of continuing to waste time on junk assets.
…
It was around ten o'clock that night.
Su Yehao unexpectedly received an email from Gueo. The other party hoped to acquire a Nasdaq-listed company called Prie as soon as possible and wanted the board of directors to approve it as soon as possible.
According to Google CEO Eric Boyer, he is in New York for a meeting and had contact with Prie company EO this morning. It is expected that only a small premium will be needed to get the other company to agree to the acquisition and directly privatize and delist the company.
Google didn't have much money on its books. After seeing the email, Su Yehao first checked the market value of Prie and found that it was only a mere US$160 million, which made him instantly relieved.
After learning about Prie, Su Yehao was surprised to find that it was an Internet company that provided online bookings for hotels, air tickets, car rentals, etc. It had created a service platform for travelers and was founded in 1998.
He checked and found that there were several similar companies, and this company was considered relatively large.
The business prospects are quite broad, and there is every opportunity to annex it and create a new business similar to Google Reviews, which will take Google to the next level.
It can only be said that the acquisition target selected by Eric Boyer makes Su Yehao very satisfied. It is not eye-catching and has great market prospects. The key is that it is cheap...