My 1999

Wangjing Building, reception room of the Finance Department of Hongmeng Headquarters.

"Mr. Wang, these are our Hongmeng's financial data and valuation this year. Please take a look."

Chief Financial Officer Xiang Jie placed Hongmeng China's financial data statements from January to October this year in front of Wang Zhidong.

The latter picked it up and looked at it, and couldn't help but have a look of surprise on his face.

Due to the popularity of "Legend of Hot Blood", he had already guessed that Hongmeng's revenue would be extremely high, but he did not expect it to be so high!

Latest October.

The three subsidiaries of Hongmeng, plus the pan-entertainment business, generated an overall revenue of 224 million Huaxia coins, as can be seen from the report in the appendix. The game business contributed 40% of the revenue, and "Legend of Blood" contributed 60% of the net revenue of the game business.

The second major source of revenue is Bing’s bidding ranking and advertising alliance.

The third is the browser’s advertising revenue, which has completely exceeded the original network encyclopedia, reaching 31.3 million Huaxia coins.

The fourth is the sales revenue of No. 1 store, which exceeded 23 million Huaxia coins in October.

The rest of the business pales in comparison.

Hongmeng’s net profit is also very high, reaching 33%.

After all, the game is too profitable.

In addition to 20% of copyright fees, about 10% of channel fees, and about 20% of taxes (Beijing’s preferential policies for high-tech enterprises, income tax is halved), almost the remaining 50% goes into Hongmeng’s pocket.

Moreover, self-developed games like "Bubble Hall" not only do not need to pay copyright fees, but also collect 20% of the copyright fees from brother companies, making the profits higher.

What’s even more amazing is that Hongmeng China’s monthly compound growth rate is as high as 17%, and it is still growing rapidly.

If it continues until the end of the year, Hongmeng’s net profit will reach US$63 million.

In addition, Hongmeng China also has US$170 million in cash and cash equivalents in its accounts.

According to Hongmeng 35 price-to-earnings ratio valuation, Hongmeng China’s market value should be US$2.2 billion. Counting the value of cash and general equivalents, it is US$2.37 billion.

Seeing the detailed calculation results, Wang Zhidong was shocked and a little disappointed.

He feels that he can exchange Sina's equity for at least 2% or even more Hongmeng equity.

Looking at it now, let alone 2%, not even 0.01%.

He can't say that the P/E ratio of 35 times is high, because everyone knows that the valuation multiple of Hongmeng's Series A financing is 35 times.

And he just knew it.

In the last financing, Hongmeng was not valued at US$2.8 billion as everyone thought. It was the valuation of Hongmeng International, and Hongmeng itself did not participate.

Although he knew that he was destined not to get too much equity, he was still more optimistic about Hongmeng's growth and stuck to his original strategy.

After taking 3.3 million U.S. dollars in funding, all the rest was folded into Hongmeng, turning it into three thousandths of Hongmeng China’s equity.

"Old Wang, welcome to join the Hongmeng family."

After the contract was signed, Xu Liang smiled and extended his right hand.

"Mr. Xu, from now on I will beg for food under you."

Wang Zhidong was very smart and took the initiative to correct his position.

Xu Liang was about to speak.

Dong Dong..., the knock on the door suddenly rang.

Soon Lu Hui opened the door, her expression a little serious.

"Mr. Xu, a lot of unfavorable news suddenly came out in Xinlang. Duan Yongji even publicly accused us of engaging in monopoly and hindering the healthy development of the Internet industry."

"monopoly?"

Xu Liang smiled, "I'm curious as to why we are involved in a monopoly."

After saying that, he stepped out of the room, and Wang Zhidong followed.

Arriving at the office, Xu Liang turned on the computer.

After finding the Xinlang homepage and opening it, pin the bold and red title to the top.

"Industry Cancer, Hongmeng".

"You're really welcome." Xu Liang said.

Open it and read the content.

"Founded on March 29, 2000, Hongmeng has developed in the past two years and has become an Internet trust spanning the pan-entertainment, Internet search, e-commerce and software industries."

The three words "trust" are bolded and appear particularly eye-catching.

Anyone who has studied history knows what this word means.

In addition, Hongmeng explains itself as an Internet technology company engaged in pan-entertainment, Internet search, and various businesses.

With the improvement of their industry status, pan-entertainment has gradually become a concept accepted by everyone.

"Like all companies that have become giants, in order to consolidate their leading position in the industry, they do everything possible to suppress latecomers. For example, Baidu, a company in the search field, and Target Software in the gaming field have been bullied by Hongmeng..."

There is a lot of verbosity in this article, after all the slander.

"Now Hongmeng's vicious hands have extended into the portal field. If it succeeds, it will seriously threaten the healthy development of the Internet industry. Therefore, I implore the relevant departments to stop Hongmeng's disorderly expansion and spin it off. This is a national This is the common appeal of most Internet companies."

"He's still so shameless."

Wang Zhidong, who stood behind and read the entire press release, couldn't help but said angrily.

"People who like conspiracy always feel that they can win everything by relying on tricks. But in fact, absolute strength is the foundation." Xu Liang said with a smile.

There was no trace of nervousness on his face.

His calmness also gave Wang Zhidong and others confidence.

"Mr. Xu, we should launch a counterattack as soon as possible. Otherwise, if such news spreads, it will be very detrimental to our subsequent acquisition of Xinlang."

Xie Wen, who came to the office at some unknown time, said solemnly.

Xu Liang nodded.

"You guys go out first and let me think."

Everyone nodded, turned around and walked out.

Xu Liang sat in front of the computer by himself.

"I haven't been a keyboard warrior for a long time. I don't know if my skills are rusty."

Open the WPS document.

There are not so many software that can edit documents, except Word, which is WPS. As for txt, which is just like shit, you don’t even need to consider it.

"Simply editing text, whether it is Word or WPS, is a bit too complicated. Let Pangu develop a new text editing software in the future."

I gathered my thoughts, looked at the blank document, pondered for a while, and started typing.

The input methods at this time were still Wubi and Smart ABC. For Xu Liang, who was used to input methods that later had various memory functions, typing in this era was really painful.

too slow.

"I wonder how Pangu's research on the new input method is going? I'll ask when the Xinlang matter is settled."

Bang bang bang….

There was a loud sound of typing on the keyboard.

Soon, a big headline appeared.

"What a shame, Xinlang!" 》

After nodding with satisfaction, he continued writing.

"In my spare time, I happened to read a short story. It said that a scholar ran to the temple to ask the abbot for help. He talked about the harsh conditions of the world and was quite emotional:

Master, the relationships between people in this world are too complicated. They are either intrigues or hypocrisy. It is really boring.

How should I deal with this situation.

The master was silent.

At this time, the birds on the tree were chirping, and scattered bird droppings fell, almost touching the scholar.

The scholar was furious and yelled: Damn beast, you don’t have eyes?

When I saw the news headlines in Xinlang today, I suddenly remembered this story.

They also thought of Mr. Wang Zhidong, the founder of Xinlang who was kicked out of the company by them.

Mr. Wang has been working diligently and devotedly to the development of Xinlang since his days at Sitong Lifang.

The new company acquired Huayuan Information and merged it into Sina.com, becoming China's number one portal in one fell swoop.

Although the Nasdaq crisis broke out later, causing Xinlang's stock price to collapse, the general environment was such that it was not a crime of war.

More importantly, even if the Nasdaq winter comes, Xinlang's revenue has always been growing. And in order to turn Xinlang from losses to profits, Mr. Wang advocated the acquisition of Hongmeng website.

The two parties had initially signed a contract, but the board of directors headed by Duan Yongji obstructed the deal in every possible way.

The purpose is to drive Mr. Wang Zhidong out of Sina and achieve their ulterior motives.

What purpose?

We don’t dare to ask, we don’t dare to guess?

We only know that in less than half a year after Mr. Wang Zhidong left Xinlang, the bonuses of Xinlang board members tripled.

Chinese people all know how to use money to do things.

Some people just take money and do nothing.

Since the resignation of Mr. Wang Zhidong, not one of Xinlang's businesses has been successful. After acquiring 29% of the equity of Sunshine Culture, the cooperation between the two parties not only did not bring any benefits to Xinlang, but also made Xinlang finally save up from the Wang Zhidong era. Nearly 30 million US dollars of cash were consumed.

To say "big ambitions but little talent" is really a compliment to them.

This is stupid.

No, they are stupid and bad.

For his own selfish gain, he drove away the founder of Xinlang.

Looking at the number of reputable Internet companies in the country, this is the only one whose founder was forced out by his own people.

Such leadership level, such management ability.

All I can say is, Hongmeng should hurry up and acquire Xinlang.

In two years' time, China's largest portal would have been bankrupted by idiots. "

After reviewing it after writing it, I corrected some typos, unclear sentences, and places where the curse words were not harsh enough.

Then open the Tianya Forum.

With the support of Bing, Tianya Forum now has more than 8 million registered users and is the most influential top forum in China.

Xu Liang skillfully opened his backstage.

Upload the article and it will be approved quickly.

He nodded with satisfaction, closed the computer, and quietly waited for things to ferment.

——

Bian Hui is the editor of Tianya Forum. His main job is to pay attention to the good posts published in Tianya Forum and then give them better recommendation positions, thereby increasing the attractiveness of Tianya Forum.

Suddenly, a circular icon in the lower left corner flashed.

He quickly opened it and took a look.

It turns out that the moderator ‘Xin Jia’, who is responsible for his management, uploaded new content.

This netizen with the ID of "New Vest" has been a member of the Tianya Forum for nearly a year. Although he does not post many posts, his sharp words and humorous language have attracted a lot of people in the forum.

It is also the object of his focus.

Opening his newly uploaded content and looking at the title, Bian Hui's heart skipped a few beats and his expression instantly became excited.

"'What a shame, Xinlang', the new vest is indeed powerful enough."

Although it has just been uploaded, there are already dozens of comments from water friends.

The content is also very joyful.

"The vest boss is indeed a boss. This comment directly penetrated Xinlang's lungs."

"Brothers, come on up. I want to see how Xinlang fights against the vest."

"Fuck, vest, I like it."

"I like it too when I'm living like a fairy."

"I also like it when I grab you and pounce on you."

"I like your mother too"...

After flipping through it, Bian Hui couldn't help but shake his head. In the words of Ma Jia, these guys are like 'sand devils with a lot of fun'.

After reading the content, Bian Hui immediately sent it to the manager.

The manager replied with just four words.

Front page, headline.

It was only half an hour.

"What a damn Sina" has taken the entire Internet by storm.

Without it, the content is too exciting.

The scolding was too harsh.

On the Internet in this era, there are only a few people and a small circle. Everyone usually complains, but they still retain a hint of silent tenderness towards each other, and they will not directly quarrel with each other or end up scolding each other.

It is completely different from the Internet that was more than ten or twenty years later, where keyboard warriors were everywhere and the bottom limit was no offline.

Therefore, Xu Liang's unceremoniousness and involvement of two major companies instantly attracted countless people who wanted to eat melons, and at the same time, it also had great dissemination.

Of course, Bing Information quickly pinned this article to the top after seeing it, which also played a role in fueling the flames.

Other portals and even many serious media outlets also quickly came to an end.

Anyway, that's how things started.