As time entered the end of June, Origin Technology's office area was finally installed. There are three floors in total, which can be used by thousands of employees.
At this time, in a luxurious office of more than 200 square meters on the 25th floor, Li Mu was discussing some issues about product development and big data algorithms with more than a dozen technical experts.
With Su Mingzhe's computer knowledge, he is also a master in related industries in this world, coupled with his vision and experience based on the real world. In terms of cutting-edge and sensitivity to future technologies, he is not inferior to anyone present.
In the real world, the rise of Toutiao has surprised many people. In their eyes, this is just an ordinary news software, and they don’t know why it is so popular.
Sina, Sohu, Penguin, and NetEase, as China's four established portals, have profound foundations and have launched specialized mobile news APPs very early. They should have an advantage in this regard. Why did a startup company rise so strongly and quickly reach the top?
Woolen cloth!
There are many reasons. The most important one is technology and innovation. Although the four major old portals have developed their own mobile news apps, they are no different from the PC version.
It just copies the content from the web page to the mobile phone without any innovation.
Of course, we can’t blame them. Since entering the mobile Internet era, there have been more and more professional APPs. All major Internet companies have spent their energy on various professional APPs, including social networking, shopping, dating, games...
etc!
As for news websites, they seem to be an old product of the portal era of the last century and have become outdated.
They did not invest too much time and energy here, struggling to find a variety of new tracks, taxis, takeaways, group purchases...all kinds of new business models.
No one thought that someone could use a news software to create such a big success.
In the real world, when the four major portal websites are still using the old PC method to make mobile APP news software, they are changing the soup but not the medicine.
Toutiao has begun to use technology and innovation to subvert this market bit by bit.
With big data and algorithms, the website makes a self-portrait for each user. From now on, you no longer go to the website to find news, but the website makes a user self-portrait based on your big data analysis. Through various complex algorithms, you can
The news comes to you.
From then on, the saying "All you care about is the headlines." became deeply rooted in the hearts of the people.
It has also become the label of today’s headlines.
Toutiao relied on big data and algorithms to counterattack all the way. In the real world, it was not until around 2016 that several major portals saw that Toutiao was so popular, and then they began to lower their heads and look for the reason.
Then they discovered that news can still be fun like this! Big data and algorithms were taken seriously by them and began to be applied to their respective software.
Unfortunately, every step is slow, and every step is slow. Toutiao has accumulated a solid foundation and users by virtue of its first-mover advantage, and its algorithm has been optimized to perfection. They can only watch Toutiao grow all the way.
From what everyone thought of as a news software at the beginning, it has grown into a large-scale integrated media platform.
Toutiao’s rise is indispensable, just like the rise of WeChat.
QQ has contributed a lot.
Without the huge data accumulated by Toutiao, the user self-portraits of hundreds of millions of users, and the increasingly sophisticated and accurate optimized algorithms, it would be difficult for Douyin to stand out so quickly and reach such heights.
The situation in this world is similar to that in the real world. Those major Internet companies do not pay enough attention to mobile news apps and still rely on the same old PC version.
So, Li Mu's opportunity came.
Toutiao is the foundation of ByteDance. This sentence is absolutely true. If you want to develop Douyin, you must first do Toutiao well.
This is also the path Li Mu has planned for Origin Technology. He will first make every effort to build a mobile news software, and then launch Douyin, with the two complementing each other.
Compared with those simple short video platforms, this combination undoubtedly has absolute advantages in all aspects and ensures that the company can stand out in the competition.
Everyone discussed together for a while, gradually decided on the development plan, and established a big data center and
AI Intelligent Algorithm Center.
Li Mu looked around for a week and finally spoke: "Daily Toutiao, as the company's first product, I position it as more than just a mobile information platform based on data mining that provides users with accurate and personalized information. It is also ours
A testing ground for data collection, user analysis and algorithm optimization.”
"In the future, it will have the potential to grow into a comprehensive media platform."
"It should be a product that can automatically learn, through user behavior analysis and recommendation engine technology support, to achieve personalized and accurate recommendations to meet users' daily news reading and sharing needs."
"You also need to be able to intelligently analyze users' interests and hobbies, automatically recommend content that users like, and understand users better and better."
"What you care about is the headlines!"
"This is the slogan of the Daily Toutiao software, and it is also the slogan of our company."
"I hope everyone will work with me to build this software. The current high salary is actually nothing. If we succeed in the future, the option rewards will allow everyone here to achieve financial freedom."
"Everyone, let us work together, maybe the next Internet giant will be us."
Li Mu's words made everyone here excited. It was not just a few words, but what he came up with today was real information. He really wanted to create a highly innovative software like Daily Toutiao. In the future,
There's definitely a lot to be done.
By that time, wealth and freedom will not be an empty talk.
Even now, many people are already excited and want to do something big. If everything goes well, they will achieve three bumper harvests of wealth, fame, and career.
After talking about technical matters and seeing off the big guys, Li Mu and Xu Ming talked about talent issues again.
After such a long period of hard work, through open market recruitment and headhunting, the company's total number of employees has now exceeded 600, of which more than 180 have Ph.D.s from major prestigious universities.
There are also many business and technical backbones from Echang, Baidu, Laodongjia Xinchao, these major Internet companies.
For a time, it can be said that there are many talents.
The company's administration, legal affairs, finance... have also been established. Although it is a start-up company, its formalization is no less than that of other enterprises.
For a time, I was sharpening my fists and getting ready to go, with the intention of soaring into the sky.
After Xu Ming introduced the company's talent reserve and recruitment situation, he said seriously: "Mr. Li, I think the next recruitment can be slowed down. I have communicated with the people in the technical department. With the current talent reserve, we can complete the recruitment."
The development tasks that come down are more than enough.”
"We will not stop recruiting, but we will be more stringent and strive for further improvement. We will not recruit people all at once like we are doing now."
"Try to use two to four months to fill the company's current vacancy of about 400 people."
Li Mu thought for a moment and nodded: "What you said makes sense. The company currently has enough people on the technical side, so there is no need to be so anxious about recruiting. We can keep improving and tap more potential talents."
"In addition, your human resources department must also take responsibility and do a good job in reviewing and evaluating existing employees. If there are any who are cheating, they should be dismissed as early as possible during the internship period."
Xu Ming smiled heartily: "Don't worry, Mr. Li, we are already in progress. Three people have been cleared and a dozen more are on the observation list."
Li Mu picked up the purple clay pot, filled it for the two of them, and took a sip.
"The tea is good, Lao Xu. I have worked hard on you during this time."
Xu Ming's body relaxed slightly, and he said with a smile: "It should be, it's all my job."
After chatting for a while, the secretary asked the secretary to send the person out.
Li Mu took out his mobile phone and looked at the stock market.
Half a month ago, seeing that the bubble and leverage risks of A-shares were too great, regulators began to take strong measures. First, they cracked down on over-the-counter capital allocations, blocked the HOMS system, and completely removed RMB 400 to 500 billion, and then imposed restrictions on financing.
Bonds and umbrella trusts underwent partial liquidation.
However, high-level deleveraging itself is a very dangerous thing. It will directly collapse, the stock market crash will begin, and a large area will plummet.
Now that the Shanghai Composite Index has fallen to 4,000 points, the dozens of companies Li Mu shorted have fallen even more than the broader market.
If you choose to close your position now, you will have a net profit of almost 500 million, but it is only 4,000 points, which is far from the bottom.
Just wait two more months and the harvest will be greater.