At the end of 2002, Feng Yun still had a certain degree of popularity.
But it depends on the size and business capabilities of the company.
Feng Yun is still a little short compared to the current Changtian Technology.
Even if Ali received an investment of US$20 million from SoftBank, it could not hide the fact that Ali was unable to make a profit in 2002.
A few years ago, Feng Yun boasted that Ali would go public in 2002.
There were still a few days left before New Year's Day in 2003. Instead of being listed on the stock market, Ali was in debt.
This bull was almost blown.
Because 2001, 2002, and 2003 were the global Internet bubble years.
The market values of a large number of Internet companies have plummeted or even gone bankrupt.
Everyone was becoming less and less interested in the Internet industry, and Ali also encountered serious difficulties when he went out to discuss cooperation.
Feng Yun's Ali model has also been questioned by many people.
All in all, many people know Feng Yun and regard him as an ordinary and relatively lucky businessman, but no one can imagine that he is not only a successful businessman, but also a businessman who changed the science and technology industry in Xia.
No matter what he said, Chen Xiao still had some feelings in his heart.
The epic figure is actually in the same banquet hall with him now.
Xie Tao took Chen Xiao over and started introducing him.
Let’s not talk about Feng Yun, Chen Xiao knows him.
Next to Feng Yun, there are some slightly bald middle-aged men who are Xue Cun, the partner and president of SoftBank Xia Guo District.
Of course everyone exchanged pleasantries.
The content is nothing more than the kind of famous names that have been admired for a long time.
Chen Xiao looked at the thin and haggard Feng Yun and couldn't help but joked: "Mr. Feng, will Ali go public this year?"
Feng Yun was immediately embarrassed. He didn't know how Chen Xiao knew about his own deceptive speech.
However, when talking about Ali's listing, Feng Yun suddenly became more energetic. He said: "The future must be the era of the Internet, and e-commerce will definitely replace offline trade. I firmly believe that Ali must be a pioneer in this industry, and also
You will definitely succeed!”
Feng Yun firmly believes in this, and SoftBank also believes in this, otherwise SoftBank would not invest 20 million US dollars in Feng Yun.
But it is obvious that Xie Tao of Yahoo Xiaguo does not believe this.
He has been in contact with Feng Yun more than once or twice, and this guy is actually just a talker.
The Ali model that he boasted so much has not been successful so far.
Moreover, Xie Tao also believes that as the Internet bubble intensifies, it is uncertain whether Ali will survive next spring.
Feng Yun is already ready.
Prepare to see Chen Xiao's expression of disdain and disdain.
But what surprised Feng Yun was that Chen Xiao did not show any disdain or contempt. Instead, he nodded firmly and said: "Mr. Feng and I have the same attitude. The future must belong to the Internet.
Short-term difficulties are just preparation for the next nirvana and rebirth."
After the Internet bubble ended in 2003, the global Internet immediately ushered in a new development.
This time, the old Internet companies began to come to an end, and were replaced by Xia Guo's BAT Big Three and overseas new-age Internet companies such as Facebook and Twitter.
When Chen Xiao said this, Feng Yun was really moved.
Sometimes, for entrepreneurs in this world, making money is one thing; the more important thing is to promote their ideas and get more people to recognize them.
This feeling of sympathy is sometimes more pleasurable than making money.
During the banquet, everyone was talking about the development of the Internet in the world or in Xia Country, or complimenting Changtian Technology on its great achievements in hardware, etc.
Chen Xiao asked Wang Xiang to take a photo of himself and Feng Yun with the dropped camera phone.
Of course Feng Yun was very happy.
Chen Xiao complained in his heart: "If Changtian Technology goes bankrupt in the future, you can use this photo to ask Feng Yun for a position."
But while eating, Chen Xiao asked Feng Yun about his plans.
Feng Yun was actually very worried at this time.
Because of the Internet bubble, many of Ali's plans for this year have been shelved.
Many senior executives in the company were unwilling to take a salary cut and follow Feng Yun to beg everywhere, so they resigned one after another.
Feng Yun said: "We still need to make the community business integrity mechanism bigger and stronger. This is the key to our survival... We also need to lay out the overall situation... But this year, we still have to work hard to balance the revenue and expenditure."
In terms of conversations and speeches, no one in the banquet hall is as good as Feng Yunqiang.
Chen Xiaoleng suddenly mentioned: "You have always been thinking about trade between enterprises. Have you ever thought about selling the products of enterprises to ordinary consumers? Let factories and consumers contact Faer directly."
Chen Xiao just mentioned it casually. Unexpectedly, Feng Yun's eyes lit up and he quickly said: "You mean, ordinary users buy factory products online, eliminating the need for middlemen?"
Chen Xiao sighed and said: "There must be some vendors in the middle, but because there are no rent and water and electricity bills, the price will be lower while ensuring the same profit, and it will also be recognized by consumers.
."
"Moreover, with the development of social economy, everyone will become busier and busier. Whoever has nothing to do will go shopping every day to buy things. If they look online and think something is good, they will place an order."
Chen Xiao: "It is faster to filter products online than in real life. Maybe you can find the treasure you like."
Feng Yun's eyes widened. He thought it was incredible.
Chen Xiao’s attention is great! It’s great!
If this idea can really be put into practice, it will definitely change everyone’s shopping habits!
Feng Yun immediately thought that the current development among cities is absolutely uneven.
Especially for some electronic products and industrial products, resources in coastal areas are much richer than in inland cities.
If products are put online, consumers will have more choices.
Feng Yun said with some excitement: "Taobao, Taobao, it's really a good name!"
"Brother Chen, I don't know when you will be free. Let's have a good chat. My recent ideas are very feasible."
Chen Xiao was a little dumbfounded and a little surprised.
Chen Xiao thought: Oh my god! After working on it for a long time, did I get the word "Taobao"?
Ahem!
Suddenly, Chen Xiao had a very bold idea.
During the global Internet bubble from 2001 to 2003, there were indeed many junk Internet companies with extremely inflated valuations. Therefore, since the bubble, they have burst one after another, or even gone bankrupt.
However, there are also many companies whose quality is very good, but have been affected by the Internet bubble, so the company's market value has depreciated significantly.
The wild wolves on Wall Street took a look at these companies, bought them like crazy, and made a lot of money in a few years.
Ali’s current valuation is extremely low.
Changtian Technology wonders if there is an opportunity to make a profit?
Apart from anything else, if you hold your shares firmly and sell them after 15 years, you will be happy for the rest of your life.