"It was only established at the end of last year. I heard it was called 91 before..."
"The company has nearly 40 employees. Its core business is mass mailing, and it should have a lot of customer information. However, it only offers a monthly subscription of 10 yuan, and the unsubscription rate is relatively minimal.
There is also an ingenious voice chat service, which is the chat service used by telephone communication stations in the past, but they do it to a very high standard and the user stickiness is extremely high.
The latest business launched is a text message game. There is only one. It is not as early as Xunlong, but it develops users very quickly and the stickiness is also very strong. I have tried it..."
Zhao Xiaochen coughed twice, covering up his memories of the cuckold wife, and said: "That's the main business of 99. They have one characteristic: they work deeply on each project, enhance its playability, and try their best to retain users.
They are only located in Beijing, but their monthly revenue is stable at 2 million.
If it weren’t for the influence of Lan Jisu, which caused Yuliao to plummet and revenue to decline, and NetEase made huge profits from advertising fees due to the World Cup, they should have been number one in Beijing in the first half of the year.”
"His!"
Everyone expressed surprise. A monthly income of 2 million is nothing, but a monthly income of 2 million from just one place is huge!
"So you listed 99 as your goal?"
"Yes, I think this company has great potential. To win them is to win the Beijing market. And this website is very interesting. There are many, many..."
Zhao Xiaochen thought of those logs, chat rooms, photo albums, performance information... always seemed to have some realization, as if this website was heading in a certain direction, but he could not form an accurate theory.
He shook his head gently to dispel the distracting thoughts, and continued: "And they have reached a bottleneck, and their target must be the national network. If we wait until they upgrade the national network, we can negotiate, then it will not be the same price."
Everyone studied for a while and agreed with Zhao Xiaochen's idea.
"If you contact each other separately, you must be quick!"
"We are already lagging behind and cannot afford to slack off anymore!"
…………
This big shrimp from 99 Company, disguised as a small shrimp, surfaced for the first time.
The first time he surfaced, he was noticed by giants.
Yao Yuan was stunned when he received a call from Zhao Xiaochen. What acquisition were they talking about? Acquisition of 99?
It was a strange feeling. He thought about fun first, and then it was natural. In the eyes of outsiders, the company was a potential stock for intensive cultivation, and it was very worthy of acquisition.
He did not refuse, and happily went to the appointment with the mentality of joining in the fun.
The location is in a teahouse, filled with incense, a young lady wearing a red cheongsam, making tea soup with bare hands, and her snow-white thighs. This tea is still serious tea.
"Longjing!"
Yao Yuan picked up the teacup, took a sip, closed his eyes slightly, and spit out two words.
"Mr. Yao is an expert!"
Zhao Xiaochen gave a thumbs up.
"I don't understand. Let me read what's written on the jar."
"..."
Zhao Xiaochen choked. Although they had just met each other, he felt that this person was very out of character. He said straight to the point: "The conversation on the phone was sloppy. I take the liberty of asking you to come out because I want to talk about the acquisition."
"Well, I won't hide it from you. I am interested, but it depends on the conditions."
“Naturally!”
Zhao Xiaochen was secretly happy that it would be easy to handle if he had the intention. Sina was absolutely generous this time and provided amazing financial conditions.
“Actually, I have been paying attention to your website since the Spring Festival. At that time, I thought that although it was small, it was full of wonderful ideas and its creativity always amazed me.
I am also an SP, and to be honest, mass posting is nothing. Once you are familiar with the rules, you can learn it, and you can learn it even if you don’t copy it. But brand programs are different, that is the core content of SP.
So I really like your voice chat business. It’s a great idea to transplant the communication station to online voice chat! Unfortunately, the platform is too small. If we merge the two into one, Sina has abundant resources and can definitely expand...
And the texting game…”
Zhao Xiaochen asked a lot about what Sina would do to help after the acquisition.
"..."
Yao Yuan knew that this was a necessary statement to talk about acquisitions, but he was not very interested. It was polite enough not to yawn.
Zhao Xiaochen observed the situation, stopped decisively, and asked directly: "What are Mr. Yao's ideas? We can be honest and avoid wasting time."
"Okay, I like how happy you are. 99 Company is my half-life effort. I think directly negotiating the price is the greatest respect for it."
"Ha ha!"
Zhao Xiaochen was happy and said with a smile: "Okay, okay, we are very optimistic about your company's prospects, so naturally we won't hurt our friendship, 5 million US dollars..."
He paused and added: "You can choose all cash, or you can choose partial cash and stocks."
5 million U.S. dollars, which is more than 40 million RMB at the current exchange rate, will lead to immediate financial freedom! Buy a few houses, buy a good car, and save the rest in the bank.
but……
Yao Yuan asked: "You are indeed very sincere. What are your conditions?"
"You have demonstrated your business capabilities and we trust you very much. Naturally, we hope you can stay and you will have maximum management rights.
If you have other ideas, such as wanting to continue working in SP or the Internet, then I believe you will understand that we need to sign a non-compete agreement."
"Competition agreement? Oh, I understand."
Yao Yuan was also happy.
You really think you are stupid, spending a lot of money to acquire your company, and then you use the money to start a new business and continue to work in the same industry... It's fun!
SP didn't start to decline until 2004, and it completely stopped after 2006.
He still has two good years to make money.
With the current resources, Yao Yuan has the confidence to achieve an annual revenue of 100 million next year, even if he does not count ring tones, just from the SMS business!
$5 million...a little bit.
But Zhao Xiaochen felt that he was very sincere, and Yao Yuan was just here to join in the fun. He lost interest after finding out the price, so he made a few excuses to think about it, but it was a fool's errand.
Sina's acquisition of SP is ostensibly to strengthen its SMS business, but in reality it is to raise its stock price.
Historically, Sina will acquire Guangzhou Xunlong early next year for a price of one-third in cash and two-thirds in stock, with a total value of US$20 million.
On the day of the acquisition, Sina's stock price soared to US$8.33, earning a capital surplus of US$46 million.
…………
Yao Yuan returned to the company from the tea room and thought that this opportunity should not be wasted, so he called a meeting with everyone.
He always held meetings, but they were simple and clear, and the employees were very satisfied. This time, he was just as simple and clear, but he was silenced by the boss when he opened his mouth.
"I just negotiated a $5 million deal."
"Sina wants to acquire us for US$5 million."
Hiss!
The conference room became quiet for a moment, and you could hear the breathing of some people, and their mood was like a roller coaster, because Mr. Yao said again: "I refuse!"
"We started from scratch and worked hard for a year until today. The wealth that others gave us seems to be within our reach, but is that wealth ours?
No, we will lie in the trap carefully crafted by the Internet giants and watch them take away everything from us.
I could have taken the $5 million and left you behind, but I didn't.
Five million US dollars is a huge amount of wealth for everyone, and almost any dream can be realized. But unfortunately, I have a dream that cannot be realized..."
Commander Yao looked around the audience and said: "That means that with you and a group of like-minded partners, we will go through the wind and rain together and work towards a common goal, see the rainbow together, and cheer for success together!"
"When last month's financial report comes out, I will formally apply for the National Network!"