My 1999
Chapter 97 Xiangjiang Subsidiary
The ninth floor of Xiangjiang Qingyun Building.
Looking at Xiangjiang University not far away through the floor-to-ceiling windows, Xu Liang nodded.
“The location is good.”
Fang Dexin said: "It's just that the rent is a bit expensive."
"Who wants every inch of land here to be precious? By the way, has the person in charge of Hongmeng Xiangjiang Company found a suitable candidate?"
"Already found."
Fang Dexin handed over a resume.
Qu Guangyun, a 27-year-old male from Xiangjiang, holds a master's degree in computer science from Stanford University and is the director of the R\u0026D Department of Google Advertising System.
"He didn't sign a non-compete agreement?"
"Signed, but the scope of the non-competition agreement is that he cannot engage in search engine technology research and development, and it does not prohibit him from engaging in the management of Internet companies." Fang Dexin said.
"Where is he now?"
"On vacation in Xiangjiang."
"Make an appointment to meet him tomorrow."
"yes."
"How is the other recruitment going?"
"Management positions are currently vacant. Ten hardware engineers have been recruited for technical positions, and they are working with the engineers we sent from the mainland to build an IDC (data service center)."
Xu Liang nodded slightly.
IDC is a technical job, and it is also a time-consuming thing, but straightening out the complicated pipeline will only take a month or two.
There are also power supply systems, lighting systems, cooling systems, etc. If you have no experience, you may not be able to do it for a year.
"This data service center is aimed at Xiangjiang, Wanwan, Singapore, and the vast number of Chinese people in Nanyang. We must pay attention to it."
"clear."
The Xiangjiang subsidiary is different from South Korea and Japan.
There is no need to set up an R\u0026D department.
It is enough to directly convert the database of mainland search engines into traditional Chinese characters, which is relatively simple.
Therefore, this time Hongmeng Huaxia fully owns Hongmeng Xiangjiang.
"Is there any progress in Japan?" Xu Liang continued to ask.
Fang Dexin smiled bitterly and shook his head.
"There are very few people in China who understand both Japanese and search engine technology. We posted job advertisements for half a month, and the headhunters also offered high salaries, but so far we haven't seen a single qualified person."
Xu Liang sighed after hearing this.
There was nothing he could do about the lack of composite talents.
Fortunately, Shen Weiguo came up with an idea and asked translators who were proficient in Japanese to work with R\u0026D engineers to revise the search engine. Although it cost more money, the project was finally pushed forward.
"It seems there is no hope of opening a subsidiary to Japan within this year." Xu Liang said.
"Mr. Xu, since Japanese companies are also implementing localization strategies like South Korean companies, it is better to directly acquire a Japanese search engine company. In this way, we don't have to build an IDC and recruit personnel from scratch, which can save a lot of time."
Of course Xu Liang knows that acquisition is good, but now his money is a little tight.
New Dream originally transferred the US$3 million into Hongyan Fund's account through financial management. It spent about 500,000 to acquire Naver's equity and invested 2 million in Tencent. Now there is still US$500,000 left.
Although Hongmeng's profits are huge, it cost tens of millions of Chinese dollars to build the Xiangjiang subsidiary, especially the data center.
Coupled with Hongmeng's own R\u0026D investment, staff expansion and data center construction, it is tens of millions.
After returning New Dream's 20 million loan, less than 15 million in working capital was left on the account, although subsequent funds continued to flow in.
But Japan is not South Korea.
As the world's second largest economy, its search engine market is six to seven times that of China. There are four or five domestic companies that have both portals and search engines, including Yahoo, GOO, Excite, Livedoor, and Nifty.
If you want to acquire one of them, even if the Nasdaq is in crisis now, it will be difficult to succeed without tens of millions of dollars.
Moreover, Xu Liang didn't want to be a portal, so there was really no need to spend this wasted money.
Of course, Naver is also a portal plus search, but Naver is cheap.
"Fortunately, Google hasn't entered Japan yet, so I still have time." Xu Liang said.
However, he did not want to undermine Fang Dexin's positive suggestions.
"I also want to acquire, but our company's current funds are still too small."
Jingle Bell.
The cell phone rings.
Picked it up, looked at it, and pressed the answer button.
"President?"
A clear voice came from it.
"Mingzhen, is something wrong?"
"President, can you come to South Korea?"
Xu Liangyi frowned, "What happened?"
"Lee Haizhen plans to acquire Hangame Company in South Korea."
Hangame's han means "one" in Korean, and Hangame itself means "Is there really only one game?"
Xu Liang recalled his experience when he was surfing the Internet in South Korea.
"I remember this seems to be an online game portal?"
Sun Mingzhen responded, "Hangame is indeed the largest online game portal in South Korea, and it has also developed a casual game."
"Oh, is it so?"
Xu Liang became interested.
"What's the name of this game?"
"Avatar."
Xu Liang thought about it for a while, but he had no impression at all and couldn't help but feel a little disappointed.
But the company itself is valuable.
Although the popularity of "Legend 1 Overlord War" is not too dazzling, it has aroused domestic companies' interest in online games. When "Legend 2" is launched, hundreds of companies will come to South Korea to hunt for gold.
As a portal website that is the entrance to online games, of course it will also receive a wave of dividends. Not to mention anything else, it can make a fortune just from advertising fees and listing fees.
“How much does this company cost?”
"700,000 US dollars." Sun Mingzhen said.
Xu Liang smiled, no wonder Li Haizhen came here, Naver couldn't afford so much money.
"You ask Li Haizhen to do preliminary research, and I will go to South Korea to discuss this matter with him the day after tomorrow."
"yes."
Sun Mingzhen's words were filled with excitement.
She hasn't seen Xu Liang for a long time.
After hanging up the phone, he discussed the establishment of the Xiangjiang subsidiary with Fang Dexin, and then went to the hotel to rest.
Although he has a successful career now, he is still a nobody in the business world, and few people come to visit him.
The next day, Xu Liang met Qu Guangyun in the headquarters office of Hongmeng Xiangjiang Company.
A young man wearing a suit, cut hair, and black-rimmed glasses.
Unlike those with a background in business administration, Qu Guangyun carries the rigor and rigidity of a technician.
Sitting in front of Xu Liang, his back was straight and his expression was serious.
Xu Liang said directly after a brief inspection.
"Mr. Qu, do you know anything about our Xiangjiang Hongmeng Company?"
"To put it bluntly, I knew nothing about you before Director Fang found me. However, now I feel that Hongmeng is a company with great potential."
"Why?"
“Because you have the same respect as Google for the creativity of technical staff, which is what Silicon Valley calls an engineer culture.
China's computer professionals are no worse than their American counterparts, and there are more of them. If we give them a platform to showcase, they can create products that will impress the world. I firmly believe this. "
"It's a wonderful discussion. If you were to be the CEO of Xiangjiang subsidiary, how would you develop our search engine?" Xu Liang asked immediately.
"Before answering this question, I would like to ask, how much power can I gain if I am in charge of Xiangjiang Company?"
"You will only be accountable to me and in the future only to the board of directors. Beyond that, feel free to exercise all powers."
"Including financial and personnel rights?"
“The head office supervises the finances, and the middle and high-level personnel are responsible for it.”
Qu Guangyun was quite surprised. He did not expect that his power would reach such an extent.
"So, can you answer my question now?" Xu Liang asked.
Qu Guangyun nodded and organized his words.
"Search engines mainly cooperate with websites, especially portal websites. Many of my classmates work for major websites. I think I can promote our Hongmeng Search through them."
"Google also has a traditional Chinese version." Xu Liang reminded.
Qu Guangyun smiled and said, "Google's Traditional Chinese version searches are mostly machine translation results, which are not only inaccurate, but also contain typos. We are based on localization, and our search experience is far better than Google's."
Moreover, I used the search engine developed by Hongmeng before coming here. Although it is not as good as Google in terms of indexing volume, it wins in relevance and accuracy.
The most important thing is that we understand the culture of the Chinese people in Xiangjiang, Wanwan, Malaysia and other places better. "
Xu Liang nodded slightly. Xu Liang was still certain that it could outperform Google in the Chinese market.
Don’t say anything else.
Google has relied on machine translation until now, and Hongmeng Search has built a huge database.
Give a simple example.
In English, there are only a few "i" and "Me", but in Chinese there are more than 30 "I", "I", "I", "I", etc.
The gap is huge.
This gap will seriously affect index accuracy and relevance, thereby affecting user experience.
"Any more?"
Qu Guangyun nodded affirmatively.
“I plan to wait for Hongmeng Search to open up a certain market, and then unite TV stations to launch a ‘Monopoly Quiz’ event throughout Greater China.
We have given out 3 million Huaxia Coins as a bonus. Everyone can register a Hongmeng Search account and find answers through Harmony Search to answer the questions we raised.
We can select fifty or one hundred questions from easy to difficult, and set up a ladder system of awards. The highest one can get one million.
In this way, a large number of users can be quickly cultivated and they can develop the habit of using Hongmeng Search to solve problems. "
Xu Liang thought for a moment, and his eyes slowly lit up.
"Your method is good."
This method is not only applicable to Greater China, but also to the South Korean and Japanese markets.
Xu Liang stood up and stretched out his hand.
"Mr. Qu, I sincerely invite you to serve as the vice president of Hongmeng Company and the president of Hongmeng Xiangjiang Company. You will be responsible for all Hongmeng companies in Greater China except mainland China, including search engines, games, music, etc."
Qu Guangyun took a deep breath, suppressed the excitement in his heart, stood up and held Xu Liang's right hand.
"Thank you, it's my pleasure."
"Lao Fang will take you to sign the employment agreement. I hope to see the detailed plan for the 'Monopoly Prize Competition' activity you just mentioned as soon as possible."
"Okay, I'll prepare as soon as possible."
Xu Liang briefly talked to Qu Guangyun about Hongmeng's business, and after discussing the future development direction and stage goals of Hongmeng's business in Greater China, they took a direct flight from Xiangjiang to Seoul.
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