Yang Luyu's main character is a person who listens to advice. Obviously he doesn't want to be Adou, but he is determined to be Uncle Liu Huang.
After all, once or twice is enough. Zhou Dongsheng, the strategist who can't stand it, is too powerful. Every time he comes up with clever tricks, he can produce miraculous results. Who can withstand this?
As for the company's market value, it has naturally continued to rise as a result of the recruitment process. As the company's founder and helmsman, Yang Luyu is undoubtedly the most direct beneficiary.
Since joining the strategic investor Zhou Dongsheng, Wenxue Network has not only undergone earth-shaking changes, but also started its own crazy expansion.
At the same time, Yang Luyu's net worth increased crazily, and he enjoyed the thrill of riding the express train of the times, easily reaching the threshold of a billionaire.
Although this is only paper wealth, the vast majority of entrepreneurs will not cash out their shares easily. Therefore, it is obviously not that fast to live a "luxurious" rich life.
After all, it doesn't matter if an entrepreneur lives a "poor" life before success.
Especially now that the entire company is in a stage of rapid growth. Before it goes public, the price of the shares in your hands can be said to change every day. And potential stocks with high growth potential like this have a price but no market.
If you really encounter any difficulties, you can also solve the urgent need through equity pledge and other methods.
Moreover, the US$600 million received in the last round of Series B financing has already been burned to a great extent. After all, today’s short video industry is undoubtedly a critical moment to grab the cake and divide the market.
Before the industry is finalized, financing at all costs, grabbing scale and development, competing for traffic, and converting funds into important bargaining chips in the industry are undoubtedly what every entrepreneur in the short video track is doing.
As for the huge losses on the books, it is inevitable. After all, if you can't let go of your children, you can't trap the wolf. In the current fierce competition where every inch of land must be fought for, whoever loses his temper first may be severely left behind by his competitors.
Once the industry ends the high-growth incremental stage and the Matthew Effect is formed, trying to make up for the gap will be just a dream, no matter how high the price is.
Nowadays, as Meipai gradually falls behind, Kuaishou still holds the top spot in the industry, and there is another headline short video eyeing it. If you want to stabilize the country that you have finally won, it is undoubtedly imperative to start the next round of financing.
After all, if the soldiers and horses have not used food and grass first, and there are not enough funds, it is like there are no bullets in the barrel of a gun. Before you can compete with others, you will be discouraged.
In the last round of financing, the valuation of Wenxue Network has exceeded US$4 billion. Now, after such a long period of accumulation and precipitation, both daily active users and the number of users have doubled.
Therefore, it is natural to have the confidence to start a new round of financing, and it can be expected that the valuation in the new round of financing will inevitably increase significantly.
It would be a good opportunity to take this opportunity to revamp the overseas platform.
After all, Yang Luyu had already understood the importance of a name after changing his name to Douyin. Moreover, Yang Luyu just read Zhou Dongsheng's proposal casually a few times and already understood the advantages of being more concise and catchy.
.
In comparison, y was indeed slightly inferior. Yang Luyu couldn't help but be convinced for a moment. Could it be that Zhou Dongsheng was really a naming genius?
"What a good name. I have to say, Jay Chou, you are really good at naming. I might as well name my children from you in the future, and by the way, I will recognize you as my godfather..."
Yang Luyu joked along with the words.
When Zhou Dongsheng heard this, he shrugged his shoulders indifferently, "It's simple, the man's name is Yang Dingtian, and the woman's name is Yang Lidi..."
Yang Luyu almost lost his breath, choked and coughed repeatedly, and said in a confused voice: "I am indomitable, right? I really have you. When the child grows up, I am afraid he will have to fight for you as his godfather..."
After a few jokes, Yang Luyu will also start the next round of financing intentions and have a thorough discussion with Zhou Dongsheng, a strategic investor.
Zhou Dongsheng was already used to it after hearing this. With the solid foundation he had laid previously, the next step would be nothing more than financing and continuing to fight with war.
After all, the money-burning war in the short video industry will definitely not be inferior in scale to the thousand-broadcast war of live broadcast platforms. It may even reach a new high and refresh the money-burning and loss record in the Internet industry.
Since the early days of the Internet, when the Thousand Regiments War began, Meituan fought its way through it, and also handed over a report card with a loss of more than 20 billion, and for a time it was the best among all the others.
It’s just that talented people have emerged from generation to generation, and each has led the way for hundreds of years. In the rapidly changing Internet industry, this record naturally cannot be maintained for long, and it was surpassed by the rising star Didi.
In the midst of the chaos in the taxi-hailing industry, Didi managed to make a name for itself through crazy financing and crazy subsidies, and firmly occupied the top position in the taxi-hailing industry. At the same time, it also handed over more than 40 billion in losses.
Transcript.
It’s just that losses are temporary. With the establishment of the industry’s leading position, it is naturally not difficult to turn losses into profits. All it takes is a blunt knife to cut the flesh and slowly earn back from users.
After all, wool still comes from sheep.
As for the short video industry, it is naturally even worse. Whether it is Kuaishou or Douyin, their current status in the industry is almost achieved by relying on real money.
Although money is not everything, without money, nothing is possible.
“It’s indeed time to raise another round of financing. I happen to have some spare money on hand, and this time [Muziqi] can just wave the flag for Douyin. While building momentum, it can also provide a little boost for this financing...
…”
Zhou Dongsheng touched his chin and raised his hands and feet in agreement with Yang Luyu's proposal.
"Okay, I'm relieved because of these words from Jay Chou. After all, Jay Chou is a well-deserved Dinghai Shenzhen..." Yang Luyu followed the words and praised him habitually.
But this time Zhou Dongsheng didn't catch a cold anymore, "Okay, okay, we are both on the same boat. I can't run away no matter how hard I blow, so I might as well save some energy and think about how to fool the people who are going to get on the boat next."
Passengers..."
Zhou Dongsheng laughed and cursed.
"That's wrong. I speak from the bottom of my heart. What's more, as long as Director Jay is here, what we need to worry about is obviously not that no one will get on the boat, but that there are too many people who want to get on the boat. How to choose among them?
yes……"
Speaking of this, Yang Luyu couldn't help but reveal a hint of confidence in his tone. After all, with the size of Douyin's short videos today, he does have the confidence to do so.
Today, the number of Douyin short video users alone has exceeded the 300 million mark, although it is still slightly lower than Kuaishou’s 500 million users.
However, in terms of user stickiness and activity, it has already quietly accomplished the feat of catching up from behind with its superior product mechanism and positioning!
Among them, the number of daily active users has entered the "Billion-level Daily Active Users Club", and with a slightly lower number of users, it has achieved the first place in the short video industry. This gold content is undoubtedly real.
After all, Kuaishou has been transforming into short videos since 2014. After three years of accumulation, it is understandable that it will be better in terms of the number of users.
In contrast, Douyin, as a rising star, can reach the short video industry milestone of hundreds of millions of daily active users in a shorter time and with fewer users. This is undoubtedly an amazing achievement.
This highly valuable data is enough to prove to a certain extent that the Douyin short video model is more favored by users, and users are more willing to spend time and energy on Douyin short videos.
This is enough to show that Douyin is more popular in terms of mechanism and product positioning.
As the saying goes, those who win the hearts of the people win the world. With Douyin’s current growth rate, it can be said that it is just around the corner to surpass Kuaishou and become the industry leader!
All of this is undoubtedly the perfect way to draw a pie for investors. Just such a grand blueprint with unlimited future prospects is enough to make most investment institutions burst into tears and flock to it.
Who can resist such a sexy potential stock?
"Okay, then I'll wait and see." Zhou Dongsheng said happily, feeling like a pig that had finally learned how to grow cabbage.
Obviously, Douyin's short videos, which have just begun to become popular, are enough to stand on their own, and there is no need for me, an outsider, to interfere too much.
At most, it's just icing on the cake from time to time. For the rest, as long as nothing unexpected happens, it's obvious that he just needs to sit back and enjoy his achievements.
So, after Yang Luyu clapped his chest and assured Zhou Dongsheng that a military order was about to be issued, he hung up the phone.
Subsequently, news about Wenxue Network seeking a new round of financing spread like wildfire and quickly swept through the investment market, attracting great attention from many investment institutions.
After all, in the past three years, the short video track has experienced the failure of Tenda, the sudden emergence of live broadcast platforms that have seized the limelight, and the many changes that have taken place in the current boom of the internet celebrity economy.
The short video track has also become a popular track from an unpopular track to today. It has taken the lead in the mobile Internet era and has been pursued and supported by many capitals. The industry financing scale exceeds 10 billion and the market size
It has become a 100-billion-level market and is huge.
The three-year period has arrived, and the short videos that Tenda giants used to ignore have now become a popular track that even Tenda is flocking to.
At the same time, the business model of the short video industry has also become mature, and its potential has gradually formed a consensus that is obvious to all.
Otherwise, ByteDance, a new Internet company with a valuation of more than 10 billion U.S. dollars, would not choose to bet on this track, and would not hesitate to spend 1 billion in real money subsidies on short videos.
And fully mobilize the resources of the Toutiao Department for irrigation, in an attempt to turn things around and open up a new traffic channel for the Toutiao Department.
However, this traffic channel that was supposed to be unobstructed has already had a roadblock in its way, becoming an insurmountable mountain for the Toutiao system.
The script that was originally invincible will naturally be difficult to work. Even if 1 billion subsidies are spent, it will still be difficult. Even if there is traffic from the Toutiao system, today's Toutiao short videos can only rely on the moat of the Toutiao system.
It is difficult to occupy a corner.
Even if the Toutiao system has a technical algorithm that it is proud of, no matter how unique the algorithm is, it still needs to grow step by step, especially if it needs to be fed with massive data to meet its needs for continuous iteration and progress...
No matter how defiant the technical algorithms of the Toutiao series are, they cannot violate objective laws, including the limitations of computing power caused by hardware equipment, etc.
The iterative process of the algorithm may be like climbing a mountain. You can only climb steadily one step at a time. As for the advantages of the algorithm, it is reflected in the speed of climbing.
Just like the gap between professional mountaineers and mountain climbing enthusiasts, although people's physiques cannot be generalized, in the final analysis, it is impossible to break through the limits of the human body.
Even in extreme anger, it is impossible to blow up an aircraft carrier with one punch (funny)...
As for the Toutiao system, which is still in the growth stage, both its algorithms and data centers are obviously different. It is impossible to ignore the objective gap and go against the will.
Of course, if the algorithm in the hands of Toutiao is so powerful that it has evolved into artificial intelligence, then it will be another matter. This cross-generational technology is enough to ignore all gaps and crush Internet companies around the world.
And it led all mankind into a new era and became another industrial revolution recorded in human history.
Of course, until Zhou Dongsheng was reborn, he did not witness the birth of this historic moment. Even if he was a butterfly and spread out sparks from his wings, he would not be able to produce such a big change and directly rewrite human history.
Therefore, no matter how powerful Toutiao is, it is impossible for Toutiao short videos to make up for the gap with Douyin in a short while.
What's more, there may be three or six grades of algorithms, but as the cornerstone of the Internet, algorithms are naturally an indispensable foundation for every Internet company.
Who doesn't have a set of special skills? After establishing a strategic partnership with Pinxixi, the two companies worked together to develop the algorithm system, which was enough to make up for the shortcomings of the algorithm to a certain extent.
After all, Pinxixi’s recommendation algorithm also doesn’t make too many concessions.
Under normal circumstances, this kind of expertise is naturally kept secret, but with Zhou Dongsheng as a bridge, it is possible for the two companies to communicate with each other in technology.
Coupled with the fact that they belong to different tracks and there is no direct conflict of interest, the two chose to join forces.
Three lousy generals are even more powerful than Zhuge Liang. How can 1+1 be less than 2?
Under the circumstances, the valuation of Douyin’s short video in the new round of financing is naturally rising, and it is very likely to catch up from behind and break the short video industry’s financing record!
Before that, this record was naturally held by Kuaishou, who firmly held the top spot in the industry.
Not long ago, Kuaishou had completed a single round of financing exceeding US$500 million, and its valuation exceeded US$5 billion, firmly ranking first in the industry.
But this first place is obviously in danger in front of today's Douyin...
