Chapter 153 Take off! Yuedong Internet (please order 3 more)
Although Shen Wei is just a freshman, her learning ability and comprehension ability are definitely top-notch.
In third- and fourth-tier inland cities, Shen Wei was able to get into Yenching University with her own strength. In terms of learning ability, Shen Wei is definitely far superior to students from first-tier cities such as Yanjing and Shanghai.
The difference between Shen Wei and them is just knowledge.
Through Hotmail, Shen Wei sent the information she created to Chen Xiao.
The details of the company's divestiture and the shareholding form of the cooperation between the two parties are very clear.
This information is handed over to IDG, and it only needs to be signed directly by IDG to take effect.
Shen Wei also gave Chen Xiao a suggestion.
Because the new company not only includes the 11181 website, but also the chat voice software developed by Chen Xiaoxin, Shen Wei suggested that Baidu could increase investment.
There are two ways for Baidu to increase investment. One is to invest cash directly without changing the shares.
Another option is to increase Chen Xiao’s shareholding ratio in Baidu.
Chen Xiao did not expect that this little girl really had some business talent, and this idea coincided with his own.
After Shen Wei graduates, Chen Xiao really has plans to ask Shen Wei to come and help him.
Chen Xiao immediately asked Wang Xiang to go through the relevant procedures.
Yuedong Internet Technology Company was established under Changtian Technology.
The businesses involved in Yuedong Network include 11181 website and Suicha chat software.
Chen Xiao will cooperate with Yuedong Network and IDG.
In addition, Chen Xiao sent a copy of the cooperation agreement with IDG to Baidu, and hoped that Baidu could make additional investment.
At Baidu headquarters, Li Yanhong did not expect that Chen Xiao would actually ask IDG to give in.
Moreover, the casual chat software developed by Chen Xiao also surprised Baidu.
In the end, Baidu decided to invest an additional 5 million RMB and sell another 0.5% of the shares to ensure Baidu's share of Yuedong Network.
Obviously, Baidu is also very optimistic about the future of Yuedong Network.
IDG also prepared the information, and Liu Kewen came to Jiangzhou from Yanjing again.
Because the two parties have already agreed on the relevant agreement content in previous negotiations.
So this time the agreement was signed very quickly.
IDG invested RMB 3 million in Yuedong Network and holds 15% of the shares in Yuedong Network.
The other shares of Yuedong Network are distributed as follows: Changtian Technology owns 72.25% of the shares and Baidu owns 12.75% of the shares (.
In addition, the company also received a low-interest loan of RMB 20 million from IDG and a capital injection of RMB 5 million from Baidu.
In IDG's cooperation agreement, there are expectations for Yuedong Network.
He hopes that the 11181 website can continue to occupy the market and dominate more than 80% of the navigation market in Xia within two years. He also hopes that Suichai can create the miracle of community chat and have active users exceed 2 million in two years.
If Yuedong Network can complete the above-mentioned goals and tasks, then IDG will definitely increase investment in the future.
The newly established Yuedong Company has Wang Xiang as its general manager and Chen Xiao as its chairman.
Both Baidu and IDG will send shareholder representatives to Yuedong.
One advantage of IDG investment company is that it will not interfere in the company's daily activities.
After the agreement was signed, the funds from IDG and Baidu were immediately received.
Among them, the company's account received 3 million US dollars and 5 million RMB.
Chen Xiao’s personal account received 20 million RMB.
Seeing such abundant funds, Chen Xiao felt a little confused.
When Chen Xiao came to the company and told everyone the good news.
Everyone was in disbelief.
What followed was a loud cheer!
3 million yuan is more than 24 million RMB, plus 5 million RMB for whiteness.
The company's current available funds are close to 30 million RMB.
This 30 million RMB is definitely not a small sum for a start-up company.
Chen Xiao immediately arranged work for Yuedong Company.
"Brother Xiang, how many square meters does our office building have?"
"A total of more than 100 square meters."
When Wang Xiang first started his business with Chen Xiao, funds were very tight, so he did not dare to spend lavishly when renting an office building.
Chen Xiao asked again: "How many square meters does this office building have?"
"The office building on this floor has a total area of more than 1,000 square meters."
Chen Xiao said nothing, "rent them all."
Yuedong Internet and Changtian Technology will definitely have to work separately in the future.
Renting an office building on the first floor not only gives the subsidiary and the parent company independent space, but also facilitates personnel exchanges between the two parties.
After all, Chen Xiao's career has just started, and most of them have two teams and one team.
Wang Xiang is not only the general manager of Yuedong Internet, but also the general manager of the parent company Changtian Technology.
Wang Xiang immediately complied!
When he was in Delong, he didn't feel such a sense of accomplishment.
In addition to expanding the area of the office building, the more important thing is to recruit talents.
Whether it is the 11181 website or the free chat software, they all need maintenance and product upgrades based on market conditions.
Every job here is very tedious, and relying solely on Chen Xiao's personal abilities is definitely not enough.
Only by recruiting a large number of talents can the company's development be promoted.
At present, the salary for fresh graduates in Jiangzhou City is less than 1,000 yuan.
Some better students can earn 1,000 after entering a company.
In order to recruit talents, Chen Xiao set a salary standard of 1,000 for interns and 1,500 for first-level employees after becoming full-time employees.
In addition to very good wages, Chen Xiao asked Wang Xiang to take the initiative to purchase social security and provident funds for employees in the name of the company.
In 1996, the country launched a compulsory social security policy.
However, because the country has a large working population and few jobs, this compulsory social security policy is in vain.
Most private companies will do well if they pay you a salary, let alone buy you social security and provident funds.
Chen Xiao directly provided social security and provident fund policies, which will undoubtedly make the company more attractive and give employees a sense of security and belonging.
Sure enough, as soon as this series of recruitment policies were launched, they immediately attracted outstanding talents from Jiangyang Province to apply.
Chen Xiao personally participated in the entire recruitment process. He did not want to spend real money to recruit a vase or trash.
But it is a pity that we are not yet in the true Internet era, and there is still some time lag in the transmission of information.
Most of the talents that Yuedong Internet can recruit are local talents in Jiangyang Province, and there is still a certain gap between their quality and first-tier cities.
However, Chen Xiao's requirement for talents is that they can do things according to his own requirements, and there is no need for talents to innovate.
In this way, these second- and third-rate talents are actually more useful than first-rate talents.
United States, New York.
The Wall Street Journal, which closely follows financial trends, captured IDG’s small investment.
An investment of several million dollars is not much for the capital giants on Wall Street, and can only be regarded as quite satisfactory.
However, during the Internet bubble era, IDG successively invested in Xia Guo’s Baidu and an unknown technology company, which still attracted the attention of the Wall Street Journal.
The Wall Street Journal reported IDG's investment on its front page with the title "Retrograde in the Internet Bubble Era, Is the Xiaguo Market a Blue Ocean?"
Soon, this report was reprinted by Xia Kingdom-related media.