People have found that almost all major hot events in the recent period have a close relationship with Qunxing Capital. Whether it is the black swan incident in the global capital market some time ago, the medical field or the current Internet industry, it can be said that they are happening one after another.
However, Fang Hong no longer pays much attention to these matters. The decision has been made, and the specific matters that follow will depend on the progress of the people under his command. All of this will take time.
Fang Hong has already shifted his attention to another company, and this company is already a rising star in the Internet industry.
During afternoon tea time, Fang Hong was sitting in the leisure area of the living room on the first floor of the villa. At the moment, he was reading an article from early June this year, titled "Today's Toutiao, whose "Toutiao" is the editorial?"
The content of the article accused Toutiao of infringing the news copyright of print media.
And just the day before, Dayang.com, a subsidiary of a local newspaper group, directly used legal weapons and announced that it would sue the company of Toutiao for copyright infringement.
Subsequently, the portal website Sohu joined the lawsuit against Toutiao for infringement. This matter even alarmed the National Copyright Administration at the time.
In the final analysis, Toutiao's users have grown so fast that today, two years after its birth, it has triggered a denunciation of it by traditional media and online media. This is a challenge that a company must face when it rises.
The same is true for Quantum Beat, except that Quantum Beat now stands out from the crowd, and the headlines are still unknown.
Compared with past setbacks in small companies, Mr. Zhang, the already famous founder of Toutiao, encountered his first big test since he founded Toutiao.
In 2012, Toutiao was launched. In the same year, smartphones surpassed computers for the first time and became the largest network terminal. Quantum Beat's WeChat user growth was soaring. Alibaba delisted in Hong Kong. Shanda also took the initiative to delist from Nasdaq.
The competitive pressure of Yixing Video and other problems caused Youku and Tudou to announce their merger; Momo quickly rose to social media among strangers, Xiaomi mobile phone also sold a hot model this year, and Internet giants such as BAT also began to deploy terminals
, system, store, application for the entire mobile ecological industry.
Also in that year, Facebook was listed on the Nasdaq, and Zuckerberg began to dominate the international social network.
The wheel of history is rolling forward, and Mr. Zhang, who has already missed the PC Internet trend, will not miss the opportunity of the mobile Internet era again.
In 2010, there were fewer and fewer people reading and selling newspapers on the subway. There were still some at the beginning of the year, but almost none at the end of the year. In the same year, with the rapid rise of Xingyu Technology, the first generation of the STAR series was launched.
The advent of a product that changed the world accelerated the explosion of the domestic mobile Internet era.
By 2011, the shipment volume of smartphones soared, reaching the total shipment volume of smartphones in 2008, 2009 and 2010. Mr. Zhang thought that this was a change in information dissemination media, and mobile phones were likely to
It will replace paper media and become the main carrier of information dissemination.
And because of the corresponding relationship between people and mobile phones, mobile phones are carried everywhere, and the demand for personalized recommendations will definitely increase, so Mr. Zhang founded "Today's Toutiao", a recommendation engine based on big data and a tool to connect information and people.
Just like Facebook founded by Zuckerberg connects people, Jiuzhouxing, a subsidiary of Quantum Beat, connects people and cars, and "Toutiao" matches information and people more widely and efficiently.
But at this moment, Fang Hong saw Tian Jiayi coming over. He glanced at it and then looked away and continued to read the editorial article that had been published for several months. At the same time, he said without raising his head: "Now is a good opportunity to win today's headlines.
Send Wu Cheng to lead a team to talk to Mr. Zhang and acquire Toutiao."
Tian Jiayi was slightly stunned: "Acquisition of Toutiao? We just led the investment in early June this year."
It is worth mentioning that it has been more than two years since Toutiao was founded, but it has completed four rounds of financing.
On March 9, 2012, it received millions of yuan in angel round financing from Source Code Capital and others; on July 1, 2012, it received $1 million in Series A financing from SIG Haina Asia Venture Capital Fund.
; On September 1, 2013, it received US$10 million in Series B financing from DST-Global and Qihu 360, the “red leader”.
The latest round is the Series C financing completed on June 1 this year. Toutiao sold 20% of its equity and received US$100 million in financing. Quantum Beat, a subsidiary of Qunxing Capital, led the investment, and other investors also participated in the investment.
There are Sequoia Capital, Shunwei Capital, etc., with a post-investment valuation of US$500 million, which is about more than 3 billion yuan.
Nowadays, the headlines have indeed become very popular. Mr. Zhang has also become a rising star in the Internet industry. All investors are optimistic about him as a potential stock. Although the previous four business ventures failed, this time I feel that he is really
It can work.
Several financial institutions that have invested in the company have made several deductions about its follow-up.
In the future headlines, in the best case scenario, it is not impossible for people like Weibo and LeTV to independently fight BAT, and it is not impossible to even grow into the highly successful Quantum Beat today. There is a new saying in the current Internet circle: BATL, this
"L" stands for Quantum Leap, which is on par with the previous three giants.
The worst-case scenario for Toutiao in the future is that it will most likely choose to side with one of the BATL companies and be acquired by one of them, and both investors and entrepreneurs will be able to escape unscathed.
All in all, even in the worst case scenario, you will not lose money by investing in Toutiao.
Fang Hong closed the page of the editorial article and picked up a document placed in front of his laptop. It was a business plan for Toutiao. The date showed that it was from early January 2013.
This chapter is not finished yet, please click the next page to continue reading the exciting content! "I started to pay attention to this company one year after its birth. New media based on social mining and personalized recommendations, this is what its founder said about it.
The definition of product coincides with mine." Fang Hong put the document back into its original position. He had already read it.
Fang Hong paused for a moment and added: "For this company, if the investment cannot be just financial investment, if I want to invest, I need control. Otherwise, I will not invest, and I will hunt it down with similar competing products before it takes off.
"
Tian Jiayi was quite surprised. It was obvious that he was very optimistic about this company.
After a while, Fang Hong said with a smile: "Let's talk about it first. If we can acquire it, acquire it. Now this stall is in big trouble. I heard that Mr. Zhang is visiting the media and regulatory authorities intensively recently."
, it is when he is most uncomfortable, we might as well make him feel more uncomfortable."
At the same time, Fang Hong retrieved the memory information from his previous life in his mind. He remembered that Mr. Zhang had thought about selling Toutiao three times. Moreover, before he founded Toutiao, he had already participated in four start-up companies, but he failed every time.
Didn't stick to it until the end.
If Fang Hong had not intervened, Mr. Zhang most likely would not have sold Toutiao, and if he persevered, Toutiao would have become an Internet giant with a valuation of at least over 500 billion yuan in a few years.
But in the current situation, Fang Hong obviously wants to push him to sell Toutiao, and his attitude is very clear, either to acquire it or to kill it.
Stars Capital’s previous investment in Toutiao was definitely not just a matter of seeking financial investment.
At this time, Fang Hong said while thinking: "First find the boss of 360, find a suitable person to encourage the leader in red to let Qihu 360 divest, then let him know that Qunxing Capital plans to let Quantum Beat go it alone, and we must directly
Let’s compete with Toutiao. Get out quickly. If you don’t run, it will be too late. Otherwise, you will get smashed into your hands..."
