Yu Jiajia stayed at the Four Seasons Hotel, on Financial Street in Central.
This location in Beijing is roughly equivalent to a five-minute walk to Tiananmen Square.
The Four Seasons Hotel not only has a 180-degree harbor view room, but also a French restaurant with three Michelin stars - Michelin is the translation here, just like calling Ronaldo Ronaldo, calling Hollywood Hollywood, etc. Audrey Hepburn's name is Audrey Shaping...
The meeting place was at this French restaurant.
The other party was a bald foreigner in his fifties. His decent dress and behavior showed that he had been tempered in a special environment.
This person's name is Roelof, the global senior managing partner of Sequoia Capital. He has higher authority than Shen Nanpeng, and of course he was introduced through Shen Nanpeng.
Yu Jiajia has good English skills and brought a translator just to be on the safe side.
After a simple courtesy, she began to explain her project: "Hugelive has occupied the Hong Kong market and is actively seeking overseas development. We have a substantial film library and operational experience..."
"..."
Roeloff remained silent, listened for a long time, and then said: "Your equity structure can be traced to mainland China. It will be very troublesome for such a media platform to enter the U.S. market."
"We are anchored in the global market, and the United States is just one of them. Besides, it is not without precedent. We have already acquired a Hollywood company, and the year before last, a mainland company also acquired an American TV station—although it was a TV station for Chinese Americans."
Rouloff was noncommittal and continued to ask: "The United States has the strongest film and television industry system and the most potential video platform. What do you do to attract users?
Don’t tell me about buying copyrights, stacking film libraries, or how to market, I want to hear new things.”
"..."
Yu Jiajia paused and said: "One is the localization strategy.
As you know, the film and television industry in most countries is not that developed and generally lacks funds. Based on the characteristics of different countries and regions, we invest in building teams, hire local directors and actors, and shoot works that can reach the limit of their production capabilities.
The other is algorithms.”
"algorithm?"
Roelof became interested and said, "Please describe it."
"Today's movie classification is too traditional and rigid. A movie is always labeled as: This is for men, this is for women, this is for family fun...
So backward!
A new user who just came to this website must be looking for content that interests him.
Our algorithm is actually a kind of business logic. It doesn't care whether you are a man or a woman, Chinese or American. It only cares about what movies you like to watch.
As long as users leave data on the website, our algorithm will recommend movies they may like to users based on this data, and will continue to optimize it.
We don’t let people find content, but let content find people. We will even shoot some works based on this data to suit them. This is Hugelive!”
OH!
Astute readers will understand right away, big data!
Everyone in future generations is immersed in the information cocoon created by big data. From waking up to falling asleep, from living to working, everyone enjoys it.
Occasionally, those who break out of the shell may be shocked when they see the things outside, but when you get used to this new thing, it also means that you have included it in the cocoon and continue to enjoy it.
You saw a video of an electric wand on station B. If you open Taobao again, you will find that the electric wand is recommended to you!
Hiss!
After hearing Yu Jiajia's violent remarks, Roeloff took a deep breath.
The theory of big data took shape as early as 1980, and it has only recently become a buzzword. Some Internet companies in the United States are clamoring that "the era of big data is coming!"
The real wider application will probably be after 2012.
Roeloff doesn't understand technology, but he understands business logic.
Yu Jiajia briefly described that he could already imagine a video platform that applies big data to cover the world. This may succeed or it may fail, but isn’t that what investment is for?
"Last question, how do you make money?"
"Well……"
Yu Jiajia hesitated for a moment and said: "I can't guarantee you profitability. No video website in the world is profitable. I also have a video website in mainland China that is about to be launched. The annual server fee is more than 300 million.
.
The way out for video sites should not be to make profits, but to serve as a huge traffic entrance, and its value is more suitable to be reflected in the stock price."
Compensate the money of shareholders and let shareholders make money!
Roulof's heart becomes clearer and clearer, which I like.
"It's a very challenging project. I like challenges! I will seriously consider your plan and hope we will make good progress next time we meet."
"Thank you very much too, it was a pleasant conversation."
In the end, the two of them chatted in social language and broke up.
Xu Meng watched the whole process. She runs Maili.com and is considered to be the number one person, but it is not enough to watch on this occasion. She smiled and said: "Mr. Yu, you looked so calm and calm just now. I can't do it. I can't speak English."
It just doesn’t pass.”
"You need more experience! I'm not born with it either."
"Do you think the foreigner will agree?"
"It's almost as if I'm going to set up a subsidiary to specialize in overseas versions of the video. We chose the US market as our first stop because the US is the toughest market. If we can get in, a lot of money will flow in.
.”
"Then will they let us develop?"
"At least it doesn't matter now. When it grows bigger in the future, its market value will also increase."
Yu Jiajia sneered: "How passionate do you really think Boss Yao is? It's all about making money, and going overseas is just a high-sounding excuse."
…………
"Well, okay, I get it!"
"Generally, it can be listed no more than three weeks after the road show, which is next month. I will definitely accompany you. I am the major shareholder of Maili after all."
"Let's just celebrate a little. This year is the 10th anniversary of 99... No, no, the summer is over, why don't we have a party at the end of the year? I'm thinking of just having it at the end of the year."
"I have unilaterally established a [99 Group 10th Anniversary Event Preparation Office], referred to as Office 9. You and Dongzi are my deputy..."
"Okay, I still have to write lyrics, I'm sorry!"
At Yingshi Building, Yao Yuan received a call from Yu Jiajia, saying that everything went well.
After hanging up, he shook the paper in his hand. On it was a handwritten letter for the 10th anniversary. He originally wanted to write something humorous, sensational, full of feelings and grand in structure, but he had been the boss for a long time and his pen was not as strong as before.
Cheng Wei saw that he was worried and said: "How about I find someone to draft it and you will be responsible for the final revision?"
"Well, okay!"
Yao Yuan threw away the baggage without hesitation, thought for a while, and said: "There must be four words in it, like stars and sea, like imagining the future."
"Okay, I understand."
Back in 2001, he was still an ignorant reborn person.
After swindling Yao Xiaobo's personal money, he started out as a SMS alliance, quickly became a SP, and started a dating club.
So it’s hard to say when the anniversary will be.
Unconsciously, in the past ten years, I have experienced many friends and enemies - mainly penguins.
Yao Yuan was also very emotional and wanted to hold an unprecedented grand celebration and invite all his friends, including representative users at each stage.
After a rough thought, I went to meet hundreds of people. I also wanted to make good plans at the end of the year.