"Senior Wang, it is too difficult to list on the Shenzhen Stock Exchange. What Penguin wants to raise this time is not a few hundred million RMB, but at least 1 billion US dollars. Countless retail investors and large groups may sell their stocks and try their best to
Attacking Penguin will cause the pumping effect that will deplete the liquidity of many companies."
Lu Fei answered patiently.
These days, mobile phones are being bombarded by lobbyists from all walks of life. One wave speaks for the Hong Kong Stock Exchange, another wave speaks for the Shenzhen Stock Exchange, and another wave urges the US stock market to go public. It’s so annoying!
At this time, the room was quiet.
Sitting around the round table were the selected partners, CEO Lu Huateng, o Xu Chenye, cto Zhang Zhidong, cio Zhang Xiaolong, cfo Liu Chiping...
"Mr. Lu, we have no choice but to buy U.S. stocks."
Liu Chiping, as the frontline commander, adjusted his glasses.
"Those in favor of listing on the New York Stock Exchange, raise your hands."
Lu Fei looked around and saw 7 votes for the New York Stock Exchange and 2 votes for the Nasdaq. They coincided with his own thoughts, so he did not activate the crucial veto power and announced the voting results loudly.
"Mr. Lu, next we should choose a sponsor."
Liu Chiping winked, and the staff distributed the collected information from more than a dozen investment banks to all the partners one by one.
Lu Fei flipped through it carefully. The paper was densely written with the history, methods, suggestions of investment banks' underwriting, as well as the performance of the stocks underwritten in the past...
After careful interrogation, I finally selected three candidates: Goldman Sachs, Credit Suisse First Boston, and Sequoia, just like choosing a concubine.
"Mr. Lu, let's start with Goldman Sachs, which has the most positive attitude towards Penguin. Do you have any other requirements for listing details? For example, timing and IPO pricing."
Liu Chiping picked up his pen and was ready to take notes at any time.
"My requirements are not high, just one."
Lu Fei raised a finger and strictly followed the Google model, that is, selecting underwriters, road shows, pricing, etc., and the control of all aspects was firmly in his own hands.
Avoid Goldman Sachs, the wolves of Wall Street, from committing fraud and deliberately devaluing Penguin's stock prices.
Liu Chiping said: "This is not easy to handle. No investment bank will agree to weaken its own initiative."
"If it's not easy to handle, don't do it. Some people can handle it!"
Lu Fei crossed his arms, full of confidence.
Everyone was infected by this momentum and all agreed. Amidst the echoes, Lu Huateng frowned and said:
"We have raised US$1.04 billion this time. Isn't it a bit too much? How should we spend this money?"
As soon as these words came out, they touched the hearts of Zeng Liqing and others.
Each one of them looked more or less confused, and more than 8 billion yuan had already touched their knowledge blind spots.
"Most of this money should be invested in strategic development business groups. We must invest and make ourselves stronger through continuous investment in new economic enterprises at home and abroad."
Lu Fei held out two fingers: "For example, invest in Kugou Music Network and make it a music player, such as a Thunder downloader..."
Zeng Li cleared his throat: "Ahem, Mr. Lu, not long ago I approved a small project of 'qq whirlwind', which is to compete with Xunlei. If we invest money, wouldn't we become a rival?"
"Without investing in Xunlei, can QQ Tornado win?"
Lu Fei turned around and glanced around, and then said: "Even if we win the battle and are beaten to death, there will still be express trains. There will always be people who rise up to resist. It is impossible to kill them all."
"You mean, we can invest in whoever we think is good. We don't need to make something similar and integrate it into the QQ system."
Lu Huateng was like a enlightenment, and he vaguely understood that he was one step closer to the willful Pawnee deer of later generations who would "buy, buy, buy".
"That's right! We can't be the overlord of Western Chu, and there is no need to do so. Penguin itself is the largest traffic, and holding shares in those companies is to include them in Penguin's ecology."
Lu Fei showed a smile.
"Best regards, Mr. Lu!"
Zeng Liqing seems to have opened a new door. Indeed, imitation and plagiarism will ruin your character and reputation, and the appearance of investment will be much better. It is euphemistically called: assistance.
In fact, it is not too late to drink the fine wine before being toasted. We resort to the method of "learning from others" and rely on the triple firepower of technology, capital and traffic to kill. The real "those who follow me will prosper, and those who go against me will perish".
Hey, so evil!
"So I propose that on the basis of the strategic development business group overseas and the two domestic investment departments, we should set up several regions including the Asia-Pacific region, the European region, and the American region. Do you have any opinions?"
Lu Fei looked around and cast an inquiring look.
"No!"
"Absolutely not!
"
Lu Huateng was extremely excited. If this continues, Penguin will become the big brother of China Internet, and everyone will become the little brother.
And Mr. Lu is the only big brother!
…………
After the partners' meeting, Lu Fei mysteriously left Chen Yidan and Zhang Xiaolong alone, and even Lu Huateng had to avoid them.
Soon there were only three people left in the huge conference room.
"How are mobile QQ and Super QQ now?"
Lu Fei looked at Chen Yidan. The platform ecological business group he was responsible for included wireless services such as Monternet.
"The situation is great. Mobile QQ accounts for 84% of the market. Almost eight out of 10 mobile phones have QQ installed."
Chen Yidan reported truthfully that wireless value-added services accounted for 32.7% of Penguin's total business revenue, which is simply a big deal.
"I want your two departments to cooperate to develop a new communication service product that integrates voice, GPRS, SMS and other communication methods to achieve seamless communication between the Internet, mobile Internet and mobile network..."
Lu Fei looked at Zhang Xiaolong again: "Can it be done?"
He changed his lazy state and said seriously: "Technically it is not a difficult task, but the difficulty is that it requires the cooperation of telecom operators, because it involves voice and text messages."
"You don't have to worry about this, I'll figure it out."
Lu Fei patted his chest. With his strong relationship with China Mobile, China Unicom, and China Telecom, how could he easily catch him?
Chen Yidan asked doubtfully: "Mr. Lu, let me ask one more question, why do you want to make this product? It sounds like a competitor to QQ?"
"No, it's complementary. I want to interconnect this product with mobile QQ. For example, people who don't have a QQ account can also use text messages to find QQ users and then chat."
The corner of Lu Fei's mouth raised, yes, he was talking about "Fetion".
Nowadays, the entire mobile phone industry is still 2G, and surfing the Internet is a very expensive thing. At that time, the data traffic was still 5 yuan for 30m, which was pitiful. If you overused 1m, you would be charged 10 yuan more, which was ridiculously expensive.
However, these days, the most urgent need for social communication is to rely on text messages, but the charges are not cheap and expensive. Since WeChat cannot be created yet, we might as well create a castrated version of "WeChat" in the 2G era.
"Mr. Lu, will the operator agree?"
Chen Yidan frowned and said, "Isn't this product taking away the operator's SMS business?"
"I don't know about other companies. China Mobile and China Unicom are definitely willing to give it a try."
Lu Fei looked confident. If nothing unexpected happened, China Mobile would launch Fetion next year.
However, the mobile version is very cheating. It deliberately sets restrictions and only allows mobile users to use it internally. China Unicom and China Telecom cannot accept Fetion information at all.
And his "Fetion" is to break the barriers between the three companies.
"Mr. Lu, as long as the operator cooperates, I have no problem."
Zhang Xiaolong pondered for a moment, showed a calm smile, regarded "Fetion" as a big challenge, and was eager to try it.
"This project is tentatively called 'Fetion', and the confidentiality level is set at 'Top Secret'. Don't let too many people know about it. In terms of human, material and financial resources, Mr. Chen, you are responsible for supporting Mr. Zhang."
Lu Fei patted the two of them on the shoulders, "Is it okay?"
Chen Yidan and Zhang Xiaolong looked at each other and nodded solemnly.
"Mr. Zhang, how long do you expect to see preliminary results?"
"It's hard to say. If you only connect to one operator, it may take half a year at the earliest."
"Half a year..."
Lu Fei smacked his mouth, and the corners of his mouth kept rising.
In another half year, LogicX should also have a prototype machine. If the two are matched together, they will not be the perfect sword, and Kaka will kill them randomly!
