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When Google went public in August last year, its issue price was US$85 and its market value was US$23 billion.
A year later, Google's stock price has reached close to US$320, and its market value has reached more than US$80 billion, approaching the US$100 billion mark.
In addition, Google also participated in the investment in Baidu last year, acquiring a 2.5% stake in Baidu for US$5 million.
Now that Google has announced that it will enter China, shareholders are about to become competitors, and these stocks are expected to be cleared and sold.
But the stock market seems to have lost its mind, forgetting that Baidu still has a tough battle to fight next, and blindly pursuing "China's Google", driving Baidu's stock price to continue to rise.
Lin Fan and Robin Li knew each other once, and on the day Baidu went public, they also sent blessings as friends and shareholders.
Most of the 4 million shares issued by Baidu IPO were allocated by underwriters to various institutional investors during the road show.
Lixia Fund spent a lot of effort to obtain 100,000 shares.
Based on book returns, these 100,000 shares made a profit of nearly 10 million US dollars on the first day of listing.
However, Lam Capital's plan to buy Baidu shares through the open market basically came to nothing.
Liu Hai sat in Lin Fan's office and kept complaining to the latter: "The market is going crazy right now. If I miss Google, I don't want to miss Baidu again.
If we enter the market at this time and buy at a price of more than one hundred dollars, I’m afraid it won’t be a good choice.”
Liu Hai thought for a while and slowly persuaded: "Why don't you wait a moment? Google has entered the final countdown to enter China.
When Google officially announces it, Baidu's stock price will definitely fall for a while in the short term.
We will buy it when the time comes and it will be optimal in terms of cost."
Lin Fan nodded, "You are right, Google has a market value of almost 100 billion U.S. dollars, and their entry into China is definitely bad news for Baidu.
It is indeed not a good time to enter the market now. Let the market calm down first!
In half a year, Baidu will usher in the first wave of lifting the ban. By then, many Baidu shareholders and early investment institutions will withdraw, and the stock price should fall."
Liu Hai smiled, "Yes, most venture capital institutions are here to submit a beautiful investment answer sheet to investors. Very few funds still hold equity in the invested companies for a long time.
This is determined by the duration of the fund and is difficult to change.
What's more, if we wait a few months or half a year, when Google completely enters China, we still don't know what China's search engine market will be like?
At this time, most funds should choose to settle for safety.
Mr. Lin, do you think Google can’t beat Baidu? Can’t it replicate in the Chinese market the miracles it has created in other countries and regions?”
Lin Fan shook his head slightly, "Currently MSN and Penguin are in a fierce battle and have not made any breakthrough progress;
The competition between Amazon, eaby and Ali has even shown its decline.
I believe that in the field of search, Baidu will definitely be able to defeat Google locally and continue the "undefeated record" of China Internet Company."
Liu Hai frowned and thought deeply. In the investment industry, the most important thing is analysis and judgment.
Analyze which company has potential and what kind of success it has the opportunity to achieve in the future, or which company is going to be doomed, then go long on this company's competitors...
Through the information you have mastered, you can peel off the cocoons layer by layer to discover the true meaning and find the value of investment.
After thinking about it carefully, he felt that what his boss said was indeed correct. At present, no American Internet company has achieved substantial success in the Chinese market.
A leaf can tell the autumn, and by analyzing the setbacks of American companies, one can also predict the outcome of Google.
"Google's market capitalization is almost 100 billion U.S. dollars. It needs money, people, and technology, and even more technology. In the Chinese market, is there really no hope at all?"
Looking at Lin Fan, Liu Hai began to talk about his doubts: "After investing in Google, I did an in-depth study of them. This is a technology-driven company.
Technology is the core competitiveness of search products.
MSN social products cannot make breakthrough progress in China. As you said before, the cost of replacing the social relationship chain is too high.
eaby failed because of its lack of understanding of the Chinese market and its free strategy.
Especially after Ahri’s recent round of financing was completed, Ahri’s last shortcoming in funding has been filled.
Baidu's current development momentum, although it is like a fire cooking oil, is really on par with Google.
Especially after Google invests its key resources in China, it’s really not certain who will win.”
"Technology and business models have no borders, but Internet companies have national borders. Google is in China..."
Lin Fan stopped clicking, looked at his bangs, and said with a smile: "Taste it carefully for yourself."
Liu Hai frowned, "You mean administrative intervention?"
"There will definitely be intervention, but more will have to return to conventional issues, localization, technology, products, first-mover advantages, etc."
Lin Fan thought about it. In his previous life, Baidu had always firmly controlled 60%-70% of the market share, while Google only had 30% of the market share, and its share was still declining, and it could be overtaken by Baidu at any time.
The core reason for its withdrawal is that it does not respect the laws of the local market and is determined to fight against them.
There is no shame in a commercial company bending over backwards to make money, but if it is unwilling to respond even to a gesture, then the iron fist of socialism will not tolerate anyone.
Although many netizens in the previous life regretted Google's withdrawal, feeling that Baidu was left alone, thus losing their enterprising spirit, unable to get out of their comfort zone, becoming mediocre, and even doing evil.
This is more about anger at Baidu for not evolving itself, rather than deep feelings for Google.
Liu Hai thought about Lin Fan's words carefully and felt that they made some sense.
The Russian Internet market serves as a warning. It is difficult for American companies to enter, and there are many constraints when entering.
Although China currently allows American Internet companies to come in and operate, it is not its biological son after all, and the rabbit country and the Americans have never dealt with it.
Due to multiple reasons, Google is really likely to repeat the mistakes of Yahoo and eaby.
"Well, I understand. I will continue to follow up and study it."
Liu Hai didn't ask any more questions and chatted with Lin Fan about Focus Media.
This company is not as popular as Baidu. During the road show placement, Lixia Fund got a lot of shares.
After being listed, Lixia Fund has continued to buy from the secondary market and now holds stocks with a market value of US$30 million, making it one of the top ten institutional shareholders of Focus Media.
Lin Fan knew that Focus Media still had two good years to live, so he didn't give too many instructions and just let Liu Hai hold on firmly.
...
A BMW parked slowly in front of a boxy two-story building in Palo Alto.
Zhang Chenguang opened the car door, Lin Fan stepped out of the car and looked at the sign at the door of the building. 鵵婲小徾网
“Good luck restaurant!”
The signboard is bilingual in Chinese and English and is hung on the wall above the glass door, making it very conspicuous.
This was the Chinese restaurant opened by Qiu Zhiyi. It was Lin Fan's first time here and he couldn't help but take a few more glances.
There were many diners coming in and out, and the glass door was spinning around like a top.
After the first person pushed the door in, he let go and the glass door bounced back.
Zhang Chenguang held on to the rebounding glass door and pushed it open. After Lin Fan walked in, he followed closely.
As soon as he entered the restaurant, Lin Fan carefully looked at the environment.
The tables and chairs are arranged very neatly, and you can see a bit of KFC, McDonald's and other fast food restaurants.
But some details still need to be improved.
Unlike American fast food restaurants, there is also food on the table.
Diners with different skin colors are devouring their food, some with tachyons and some with spoons.
A fat white man, about the same size as Andrew, was holding a plate and scooping a plate of diced Kung Pao chicken into a bowl of rice with a spoon. He mixed it and ate it with gusto. He looked like he was about to ascend to heaven and sucked it up.
Two mouthfuls of opium are probably no more than that.
There are also many Asian diners, but they basically use kuaizi to pick up their dishes.
It was lunch time at this time. Lin Fan took a quick look and saw that the more than twenty tables on the first floor were full, with almost no empty seats.
I didn't see what was going on upstairs, but looking at the customers going up and down the stairs, I knew there shouldn't be too many people there.
"excuse me!"
A young Chinese guy wearing a helmet and carrying a large box hurried towards Lin Fan.
Lin Fan realized that he was standing in the aisle and blocking other people's way, so he quickly moved to the side and made way.
The young man carrying the big box pushed open the glass door, got on the bicycle parked on the roadside, and headed into the distance.
At this time, a young Chinese man carrying a large suitcase of the same style opened the door and walked in, coming to the front desk.
"Hurry, Stanford University still has ten orders."
The Chinese girl at the front desk helped pack the takeout boxes and handed the takeaway boy a note.
Lin Fan leaned over and took a look. The note had address, phone number and other information written on it.
"Sir, what do you need?"
The girl at the front desk noticed two Asian men approaching and asked out of habit.
Just as Lin Fan was about to speak, suddenly there was a rapid ringing of the phone next to him.
Another girl at the front desk who was sitting in front of the computer and guarding the landline answered the phone.
"Okay, one portion of fish-flavored shredded pork and one portion of General Tso's chicken. Where should I send them?"
"Okay, I've written it down. I wish you a pleasant meal."
The girl in front of the landline hung up the phone, got up and ran to the kitchen.
Lin Fan frowned when he saw this scene. It was too primitive and inefficient.
"Sir, the Chinese food at our Lucky Restaurant is well-known in the neighborhood. Is this your first time here? Do you want to try it?"
Seeing that Lin Fan didn't answer him, the girl at the front desk changed her words again, this time in Chinese.
"Thank you! I'm looking for your boss."
Lin Fan smiled and felt that the waiter's attitude was pretty good and worthy of praise.
"Looking for our boss?"
The girl at the front desk who was talking to Lin Fan was having trouble answering.
Lin Fan was interested in testing this young girl and continued: "We are from a nearby software company. I just saw that your way of taking takeout orders is still very primitive. You still need to take orders over the phone, and you also need to go to the kitchen to deliver them.
information.
We can customize a set of software for your restaurant so that customers can select dishes directly on your website and then complete the order.
The generated order data can be received directly through the computer backend.
A printer is installed in the kitchen, and order data can be printed out automatically.
Fully automated operation, there is no need to manually go to the kitchen to place orders anymore.
Moreover, your delivery guys can also..."
Lin Fan almost let it slip. Now that smartphones have not yet been born, it is impossible for a delivery person to carry a computer with him. Configuring a software account for the delivery person is not feasible yet.
"Gene Era"
He thought for a while and continued: "The delivery guys don't need you to write a note. They can print it out directly from the order data in the background. This is faster and less error-prone."
Dong Aizhi is a Chinese international student at the University of San Francisco and applied for a summer job at Lucky Restaurant.
She felt a little confused and didn't know whether she should bother her boss.
She felt that what the salesman in front of her, who was about the same age as her, had some truth to it, that building a software would definitely improve the restaurant's work efficiency.
But this is not within the scope of her responsibilities?
Just as she was struggling, the young girl who answered the phone informed the chef that she was back.
"Just wait a moment!"
Dong Aizhi quickly made a decision, gave some instructions to his companions, turned around and ran to the kitchen.
After a while, Dong Aizhi walked out, followed by Qiu Zhiyi, who was wearing a white chef's coat.
"Mr. Lin, why are you here?"
Qiu Zhiyi was surprised to see Lin Fan appear in his store and walked up quickly.
I wanted to pat Lin Fan on the shoulder, but then I remembered that my hands were full of oil.
He waved his hand in the air and took it back.
Lin Fan was very considerate and grabbed Qiu Zhiyi's hand that was about to retract, held it firmly and shook it.
"Oh, I didn't wash my hands, it's a bit dirty!"
Having said that, Qiu Zhiyi was still very happy inside.
Lin Fan never put on any airs about his poor friend and treated him as an equal.
It doesn't sound like it's a big deal.
Judging from Qiu Zhiyi's nearly forty years of social experience, there are too few people who can do this.
"Are you the one who sells software?" Qiu Zhiyi asked with a smile.
"Yeah, how about it? I'll help you build a set of software for 10,000 US dollars."
Lin Fan followed suit and started joking.
Dong Aizhi looked on stunned, knowing that he was being cheated. It turned out that he was friends with his boss, so why did he ask himself to notify his boss?
Isn't this just purely to make fun of yourself?
She was complaining about Lin Fan in her heart, but he was friends with her boss and seemed to have a good relationship, which made her feel a little uncomfortable.
Admit it!
"Look at my store, whether it's dine-in or takeout, it's simply too busy. I've expanded my staff several times and it's still too busy. I don't know how to thank you."
Qiu Zhiyi sincerely thanked Lin Fan. Without Mr. Lin's support, his Chinese restaurant business would not have been so easy.
Lin Fan could read the full meaning of gratitude from the other person's face, eyes, and some subtle movements.
As long as the other party has this intention, he is not someone who wants to repay a favor. He smiled and said: "It's all easy, don't talk about it all day long, it will make me embarrassed."
I saw my boss chatting with this man. It seemed that my boss owed him a huge favor.
Not only Dong Aizhi, the girl next door who answered the phone was also watching the gossip news.
"Let's go and talk in my office!"
Qiu Zhiyi also realized that this was not the right place to talk. With a wave of his hand, he led Lin Fan and Zhang Chenguang upstairs.
The decoration upstairs is similar to that downstairs, with twenty or thirty desks placed and a small office separated.
Qiu Zhiyi brought the two of them into this small room where employees usually held meetings and rested, and made them each a cup of tea.
