Chapter 816: Launching Yixun's IPO Plan
However, Wang Xing soon came back to his senses and touched his head embarrassedly: "I am just thinking out of habit. When I started my own business before, I was always worried about funding, so I was thinking about how to make the data look better and then ask investors for money. Mr. Lu, you are so generous. I know what to do now."
Alas, I’m not used to the sudden change from being poor to being rich.
In fact, the reason why Wang Xing wanted to make the data look better was that he was worried that he would not be able to report to Lu Yiming.
After all, many bosses are like this. They don’t know anything and just look at data all day long.
He is happy if the data is good, and gets angry or even loses his temper if the data is bad. As for the user experience of the product, the boss doesn’t care at all.
After all, users are all leeks.
Unexpectedly, Lu Yiming not only understood it, but also seemed to have a very high level of attainment in this area.
This made Wang Xing feel very impressed.
It is much easier to deal with a boss who understands the specific business than to deal with a boss who knows nothing and only knows how to give blind orders.
Lu Yiming thought about it and decided that since the campus network had this name, it could be compatible with other networks after fully utilizing the resources of college students.
So, he said: "It is definitely not possible to open registration to the whole society, but we can open registration to high school students first. Of course, in order to strictly control the registration of the high school version of the campus network, you need to be invited to register, and we must strictly review the identity of the users."
Wang Xing was delighted when he heard this and said immediately: "High school students are indeed worth winning over. Many of them will become college students in the future and are our potential users."
Lu Yiming warned: "I only care about quality, not quantity. For me, the quality of social network users is very important, especially this kind of real-name social networking, which must not be messed up by some messy people. After high school students, we can extend the registration scope to employees of some large companies."
Lu Yiming's idea was very reasonable, which made Wang Xing very happy. He immediately took over the conversation and said, "Yes, employees of large companies are basically graduates from prestigious universities. They tend to have higher academic qualifications and are indeed suitable as our target user group."
Lu Yiming went on to say, "After securing these core users, the campus network will be renamed Renren.com, with video features added, and then open to the public for registration. But the time should be after 2007, so you still have two years to prepare. Work hard, and a bright future awaits you."
After all, we have already bought Renren, so we still have to use it.
Moreover, the Internet has no memory, and Renren's posting of pornographic films itself does not offend users. On the contrary, because of this "black history", some people will go to Renren to find content in this regard, increasing traffic for Renren.
"Haha, this is all thanks to Mr. Lu's cultivation."
Although Lu Yiming was just empty talk, Wang Xing was happy to do it. After all, if this project was done well, he would be able to save up his first pot of gold and make friends with a big shot like Lu, the richest man in China. In the future, whether he continued to cling to Lu or started his own business, he would not be without a backer and be beaten to death by competitors with money.
2005 is a year worth remembering for the Internet in Xiaguo.
Because it was in this year that the number of Internet users in Xiaguo exceeded 100 million for the first time, making it the second largest Internet power after the United States. The prospects were unlimited and full of imagination for investors.
At this time in Xiaguo, the second wave of Internet companies going public in the United States was once again surging.
The most eye-catching among them is Focus Media.
As the largest outdoor video advertising operator in China, Focus Media was highly sought after after its listing on the Nasdaq on July 13, with its stock price rising 17% on the first day of trading, from US$17 per share to US$19.96.
Focus Media is also called the pioneer of Xiaguo's new advertising model by investors, and they are very optimistic about this advertising model.
Mizuki University.
In the boys' dormitory, Zhao Kehan and Cao Hongchang saw the news on their computers, and then searched the Internet for other reports about Jiang Nanchun. After reading Jiang Nanchun's entrepreneurial story, both of them were moved.
The two of them are about to graduate from college and are now preparing for internships.
Zhao Kehan said: "The founder of Focus Media is just an ordinary college student. After graduation, he started his own business from working part-time. He is an inspirational example of starting from scratch."
Jiang Nanchun joined the advertising industry after graduation. By chance, he saw the small advertisements posted on the elevator door and discovered the advertising value of the elevator entrance, a specific location in the building.
If there could be TV advertising at this location, it would fully meet the four requirements for the success of new media, so Focus Media was established to create a new business model for building video advertising.
Cao Hongchang said: "When I graduate, I will work first and then start my own business. An annual salary of one million is the basic requirement. Then I will set a small goal for myself to achieve financial freedom before the age of 30!"
Zhao Kehan smiled and said, "If you have ambition, remember to take me flying when you succeed."
Cao Hongchang waved his hand and said, "Hey, I'm just bragging. Do you really think starting a business is that easy?"
Zhao Kehan pointed at the news on the computer screen and said, "There is also this. It is said that Focus Media is also invested by Mr. Lu, the richest man in the world. His share of shares is even higher than that of the founder Jiang Nanchun. Oh, I don't know how much money Mr. Lu has made all of a sudden."
Cao Hongchang was immediately envious: "Another income. It's too easy for Mr. Lu to make money. His vision is unmatched."
Zhao Kehan suddenly remembered something and couldn't help but curiously said, "QQ just stepped on MSN, and I don't know when Yixun Technology will go public."
Cao Hongchang asked, "Why do you worry about this?"
Zhao Kehan said disdainfully, "What are you doing? Otherwise, why do you not take advantage of the opportunity to make money? Of course, you should buy Yixun Technology's stocks. Think about it, Mr. Lu invests in other people's companies with such a keen eye. Yixun Technology is Mr. Lu's own company, so how can its future prospects be bad?"
When Cao Hongchang heard this, he was immediately struck by a slap in the face, and suddenly he realized: "What you said makes sense, damn it."
Zhao Kehan smiled and said, "So, once Yixun goes public, I will buy Yixun's stock even if I have to sell everything I have, including my house. Maybe I can achieve financial freedom through this in the future. I can't make money by myself, so let Mr. Lu help me make money together."
I have to say that students who can be admitted to Shuimu University are very smart.
Yixun Technology owns QQ, its flagship product, and is following the path of Tencent's social empire.
Someone once calculated, if you spent 100,000 yuan to buy Tencent stock in 2005, how much would it be worth fifteen years later?
The answer is 35.07 million!
What kind of house can bring you a return that can compare to this?
But if you deposit this 100,000 yuan in the bank, then after 15 years, including principal and interest, it will only be 150,000 yuan, which cannot even keep up with inflation.
When Cao Hongchang heard that Zhao Kehan was selling his house to buy Yixun's stocks, he was immediately surprised: "Do you trust Mr. Lu so much? He is not a god. Even Warren Buffett, the stock god, has stocks that have fallen and are stuck. What if Yixun Technology's stock falls when it goes public?"
Zhao Kehan is obviously a die-hard fan of Lu Yiming. He scoffed at Cao Hongchang's doubts and immediately retorted, "What a joke! When has Mr. Lu ever made a loss-making deal? And if I use the money to do something else, can I guarantee success? Instead of gambling with my own life, I might as well bet on Mr. Lu. At least the risk is much smaller."
Cao Hongchang gave a thumbs up and said, "Your insights really help you understand life."
But then Cao Hongchang became melancholy again and said, "When do you think Yixun Technology will go public? We will graduate next year. It would be funny if it is not listed by the time we graduate."
Zhao Kehan scratched his head and said, "This is indeed a problem."
On the other side, Li Yiwen was also asking Lu Yiming the same question.
"Don't worry about the campus network for now. When will Yixun Technology go public? I feel bad for you when I see you not doing your job all day, you know?"
Lu Yiming complained: "You're worried about the bubble teapot! You didn't invest any money in this company. And I never thought about listing this company before."
In the original timeline, Tencent chose to go public in 2004 because it lacked funds. Yixun Technology was supported by Lu Yiming and had no shortage of money.
Therefore, Lu Yiming has never been very keen on going public. If it were to go public now, the stock price wouldn't be that high, and the thought of losing money would make him panic.
The key point is that QQ is not an ordinary thing. There are many things that need to be solved if it wants to go public.
Li Yiwen looked at Lu Yiming with a serious expression and said, "I advise you to seriously consider the issue of listing Yixun Technology. After all, you are not the only one who owns shares in the company. Many core employees are looking forward to achieving financial freedom as soon as possible."
To put it bluntly, competition in the Internet industry is becoming increasingly fierce, and many people are eyeing the big social pie.
If you want to retain talent, in addition to high salaries, you also need to give them shares and options.
But if the company is not listed, options are meaningless. If you keep making big promises for too long, it will become a scam.
Lu Yiming sighed and said, "If you say so, it's not completely unreasonable."
Seeing that Lu Yiming had taken it in, Li Yiwen continued, "And if Yixun Technology wants to develop rapidly, such as increasing investment, it can't always rely on you for blood transfusions, right? You have to learn how to borrow chickens to lay eggs. In short, go public first to raise some money. How can it be more enjoyable to burn other people's money than to burn your own money?"
Lu Yiming agreed with this statement: "Indeed, although I seem to have a large family and a large business now, there are too many places where I need to spend money, so it is inevitable that I will still be a little stretched."
Then, he said with disdain: "Alas, the leeks in the United States are not very strong. I harvested them once before, but they haven't recovered yet. I'm afraid the next harvest will have to wait until three or four years later."
Li Yiwen asked in confusion: "What do you mean three years later?"
"Nothing, I just said it casually to give the American leeks some time to make money."
Lu Yiming did not tell Li Yiwen about the subprime mortgage crisis. Although there were already some signs, it was a serious matter and should be kept secret when necessary.
In general, most of the money earned from the last round of exploiting the United States has been spent on investing in various industries and projects in recent years.
Especially the research and development of smart phones and the layout of the semiconductor industry, hundreds of millions of dollars are invested in them, and the money is burned by the ton.
The little cash I have on hand has to be kept for emergencies.
"Then let's start the listing plan for Yixun Technology."
Most of Lu Yiming's money was earned from the stock market. Compared with the money he earned from U.S. stocks, the amount of money he earned from the real estate he invested in was really not much.
Although Shi Jin Ji is very profitable, it is just a food company. Even if its performance is good and it develops for a few years, its scale will be at most one billion.
Although real estate is absolutely hot right now and will be even hotter in , Lu Yiming sticks to the concept of "housing for living, not for speculation" and never allows cutting corners in terms of cost. Even many of the investigative journalists he trained are active in this field. This is like putting shackles on himself, and he cannot make huge fortunes like other companies.
In comparison, Lu Yiming has countless expenses.
Photolithography machines, chips, integrated circuits, graphene, and operating systems... Just by hearing the names, you can tell that these fields are big spenders. Hundreds of millions or even billions of dollars can be thrown into them and not even a splash can be made.
I can only say that one does not know how expensive firewood and rice are until he manages the household.
Li Yiwen was very excited and said, "Now is a great time to go public in the United States."
Lu Yiming said: "I don't plan to list Yixun Technology on the US stock market. If I have to choose, I can only choose the Hong Kong stock market."
The A-share market is too small, and Lu Yiming doesn't think highly of it. As a social Internet company, it is not appropriate for Yixun Technology to be listed on the US stock market.
It’s not that earning US dollars is not attractive, but it’s for the security of user data.
All companies that want to go public on the U.S. stock market must accept supervision from the United States. There is no way Yixun Technology would accept this condition, and the country would not agree to it, just like the United States would not allow a capitalist from Xia to acquire a TV station or newspaper in the United States.
Lu Yiming is well aware of this rule, so he won't make things difficult for himself.
Li Yiwen was very confused and asked, "Why? The U.S. stock market is the most mature and well-regulated capital market in the world, and all the hot money in the world is there. If Yixun Technology wants to raise as much money as possible, the U.S. stock market should be the best choice."
Lu Yiming had no choice but to talk about some disadvantages of listing on the U.S. stock market and some cases of the United States using administrative means to intervene in the economy, which made Li Yiwen break out in a cold sweat.
"Shit, I almost fell into a trap. Luckily you thought longer-term than me."
