In the late 1990s, he co-founded ChinaRen with Zhou Yunfan. After it was acquired by Sohu, he started his own business again and was good at attracting investments. Later, he acquired Xiaonei.com and changed it to Renren.
In the history of the Internet, he is also considered the number one figure.
"Chen Yizhou received an investment of US$10 million last year, and this year according to the information I received, another US$48 million of funds will fall into his account.
They are all American investment institutions, just because of the influence of Facebook.
Although your community is leading, the Internet is all about money. If you invest a lot of money, the expansion speed is far beyond your imagination..."
Xu Xin looked at Yao Yuan and said: "So if Maiwo wants to maintain its advantage, the best way is to open up financing. Your scale is so large, your valuation is higher than Facebook, and you can get a large amount of funding with only a small number of shares.
After so many years of development of the Internet, there will always be geniuses who amaze the world, but no matter how genius you are, you cannot win alone. To put it bluntly, if others raise funds and you don’t raise money, you will fall behind.
We are not enemies, we are friends. I want to be your friend and we will move forward together."
oh!
Yao Yuan understood. It turned out that she wanted to be friends with me.
HE...TUI!
Do you know what I want to do and why I fall behind? Am I doing it for the community? I am doing it for a big transformation in the future! I am doing it for Weibo and public opinion.
And you all have the wrong benchmark. The benchmark for Facebook is MaiMai Space and QQ Space, not Maiwo Community.
"..."
The Malaysian stew has been eaten up, and the target has been moved to the skewers. Yao Yuan is picking up the skewers, but he is distracted, seeming to be digesting the other party's touching speech.
After a long while, he slowly shook his head: "The community is my hard work..."
"Mr. Yao!"
Yao Yuan stopped her, with a sincere and deep look on his face, and said: "You can regard me as an idealist. I want to create an Internet holy land for young people. No matter whether it is backward or eliminated, I like it the way it is now.
.
If it gets to the point where it becomes unsustainable, I might sell it if anyone else buys it."
well!
When Xu Xin heard this, he knew there was no chance, but the other party changed his voice and said with a smile: "But it doesn't mean we can't cooperate. If you are still interested, we can talk about Makker Eslite or Qianqian Music Box."
Meike Eslite?
What what music box?
She knew the former, but what was the latter? It didn't hurt to listen, so she nodded.
"Maike Eslite is now a self-operated brand of the mall, but its size is growing rapidly. I plan to spin it off and make it a subsidiary."
oh?
After hearing this, Xu Xin thought, "Maike Eslite has good potential, and if the investment is from Series A, it can be done."
"If you are interested, we can discuss it in detail another day. As for Qianqian Music Box, it is to package and strip the community's music services and use a comprehensive player as the carrier..."
He roughly talked about it, and Xu Xin frowned and asked: "Then how to make a profit?"
"Can't make a profit..."
Yao Yuan did not say that he would combine with Maimai Space. He only said: "But I have the copyright in my hand."
"copyright?"
“Massive song copyrights.”
"Then why don't you..."
Xu Xingang wanted to ask why those pirates were not prosecuted, but she immediately realized that if the entire network was pirated, it would be a waste to prosecute! She thought about it and said, "Are you trying to do long-term business and wait for the policy?"
"Yes, we have joined the WTO, so we can't keep piracy. I believe there will be a day when we will crack down hard, and then we can try the profit model."
"Appreciate further details!"
"First of all, members, only VIP members can listen to certain songs.
Secondly, the release of digital albums and singles. I am already doing this, such as selling records on the mall. Now that physical records are so bad, I think sooner or later they will switch to online.
This again involves the base of netizens and their awareness of payment. If under an ideal environment, a digital album costs 20 yuan, and one million people pay, it will be 20 million, which directly saves the cost of distribution, and the creator-platform-
The audience is one-stop.
Then there are advertisements and the like.”
Yao Yuandao: "As you said, this is a long-term business. The music platform is neither big nor small. It is not a necessity, but it is indispensable. It is considered a gadget."
This year he wants to spin off the music service without paying the cost because the community is already too large.
The best way is to find financing, and the same goes for Max Eslite. The cost of doing it yourself is too high.
After a series of reshuffles of domestic music platforms, there are still two left: QQ Music and NetEase Cloud, both with a market value of less than 10 billion US dollars - serving as side dishes in the Internet dinner.
It's quite a pity actually.
When there was still creativity in the Chinese music scene, piracy was everywhere and policies were not strong. When the music scene declined, music platforms took shape, and everyone could only appreciate the skills of those old guys in variety shows.
When we met today, Xu Xin failed to achieve his goal, but in exchange he got two projects, namely Mac Eslite and Qianqian Music Box.
She was also very interested and had a preliminary understanding.
The two talked for several hours before leaving the China World Hotel. Their respective drivers drove over. Xu Xin looked at his luxury car and then at the Accord opposite, with a strange expression on his face, but he didn't say anything.
But Xiao Mo’s self-esteem was hurt.
"Boss, can I ask you a favor?"
"You want to borrow money?"
"No, can you change to a better car? I can't even say a Rolls-Royce, at least it must be a Mercedes-Benz. People think I am the driver of a township entrepreneur."
"You know nothing, only township entrepreneurs like to drive Mercedes-Benz!"
"Yes, yes, I know shit. I know you are low-key, but you can't be too exaggerated. When you come to the China World Hotel in an Accord, it's like Moutai with braised pork and roasted pork."
Xiao Mo complained repeatedly and even said that he was willing to cut his salary and pay him a down payment.
Yao Yuan thought about it. The main reason was that he was too lazy to do these things. It was the same in his previous life. Others would replace their mobile phones after 1-2 years, but he would replace a smartphone after 4-5 years of use when the performance really couldn't keep up.
"Okay, let's get another one, uh..."
As soon as he pondered, Xiao Mo became excited. Rolls-Royce? Maybach? Bentley? Stretch Lincoln would also work!
"Change to a Volvo!"
Alas!
Xiao Mo rolled his eyes, forget it, Volvo is just Volvo, and he is still the driver of township entrepreneurs.
…………
After meeting Xu Xin, Yao Yuan had no fluctuations.
We are executing this year’s plan step by step, launching Qianqian Music first.
Considering the mood and habits of users, we did not directly clear the [Music] section, but left a one-month transition period, during which the content of the original section will be transferred to the "Qianqian Music Network" little by little.
One website + one music box, the account is still the same.
The number of active users of Maiwo has decreased, because some people don't like to argue, gossip, or post photos, but just come for the music, and they follow the music.
Business divestiture is inevitable.
Qianqian Music's independence made a sophomore boy at AH Medical University extremely happy. This person's name is Xu Song.