My Age of Investment

"You mean the Haipay that was missed?"

Xia Jingxing looked at Zhang Yong with a smile and asked, "Do you want to suggest setting up a financial or Internet financial business group?"

"Haifutong's business scale is still too small for the time being, and there is no need to establish a separate business group. It can just continue to be a subsidiary directly controlled by a group.

Moreover, I don’t think Mr. Xia wants to run and promote the financial business in a high-profile manner. "

A smile appeared on Xia Jingxing's face, and Zhang Yong figured out his thoughts quite clearly.

“That’s right, I really don’t plan to set up a financial business group, because in our country, private finance has never been able to become the mainstream, it can only be a supplement!

However, financial technology technology can still be explored in depth, just to accumulate some experience in developing customers in the financial industry. "

Xia Jingxing remembered very clearly that Penguin had never disclosed financial business revenue, profit and other data separately, but rather disclosed it together with corporate service revenue.

Therefore, although everyone knows that Penguin Financial is doing very well in business and is definitely a giant crocodile hidden under the water, more social eyes are always staring at the company named "蚍蜉", but it is a high-profile company that wants to shake Big tree enterprise.

Moreover, Penguin's financial technology and enterprise service revenue together account for 30% of the company's total revenue. The consolidated operation not only makes the business growth performance extremely impressive, but also greatly enriches Penguin's revenue structure. The stock price remains stable. The pressure capacity becomes stronger and more favored by investors.

Zhang Yong nodded and smiled, "I agree with your point of view, but the sixth business group I plan has nothing to do with the financial business."

When Xia Jingxing glanced over, Zhang Yong unhurriedly revealed the answer: "It should be called...Mobile Internet Business Group! The group can use this business group as a sharp knife to cut a considerable portion of the mobile Internet cake that is about to be made." A generous piece.”

Seeing that Xia Jingxing still seemed indifferent, Zhang Yong added another weight, "Mr. Xia, don't you think the business scope of Overseas Holdings is still a little too small?

Penguin does e-commerce, search, security software, and everything else.

Qianxun does Tieba, Youa, Kiwi, and everything else.

Compared with the aggressive attacks of the two companies, only Ahri is currently relatively focused and does not touch anything except e-commerce business. But is this really the case? In recent times, they have been recruiting people at home and abroad, and it is no secret that they plan to do cloud computing.

Only our overseas holdings behaved too honestly and never wandered on their territory.

Now that the mobile Internet wave has fully arrived, we must seize a favorable position for the next decade.

Considering the relationship between Mr. Xia, Facebook and Ali, we don’t need to touch the e-commerce business, but we can still keep an eye on the other two companies’ territories. "

Xia Jingxing asked with a smile: "How do you plan to "care about" it?"

Zhang Yong smiled slightly, "Let's talk about search first. Last month, Jack Ma was unwilling to be lonely and returned to the search engine market.

Ahri and Yunfeng Capital pooled together US$24 million to invest in Sogou together with Charles who invested the same amount.

Today's Sogou is equivalent to being separated from the Sohu system. "

Xia Jingxing knew about this. Jack Ma did not personally participate in the investment in Sogou, but Charles led the investment in Sogou in his own name, and also roped in Ahri and Yunfeng Fund to accompany him.

Ahri and Yunfeng Fund invested US$15 million and US$9 million respectively, each accounting for 10% and 6% of Sogou's shares. Charles holds 16% of the shares in his own name, and the other 68% of the shares are still in the hands of Sohu. As for Wang Xiaochuan, Still working as a laborer.

"It has been eight years since Sogou was launched. Its development has been tepid, and its share of the search engine market is also very small. Before this round of investment, its valuation was only US$100 million.

Do you know why Jack Ma and Charles chose to get together? "

Zhang Yong asked himself and answered: “It’s because both of them saw the blank market and opportunities left after Google’s exit this year.

Charles chose to let Sogou go solo and used his pension money to support Sogou's development. His intention was to let Sogou go public independently.

How can Sogou find a foothold under the heavy pressure of Qianxun? Charles took a fancy to the e-commerce market behind Ahri.

Ahri has blocked the crawler data capture from Qianxun since Qianxun launched Youa two years ago. Currently, this is one of the few places where Qianxun cannot reach.

The reason why Jackma decided to bring Ahri and Sogou together was not only to fight against the enemy Qianxun, but also to plant a nail in the search engine market.

Once the search engine market situation changes in the future, Ahri might buy Sogou and run it on its own. "

"You mean, we are also involved in search engines?" Xia Jingxing asked.

Zhang Yong smiled, "Isn't 360's search engine pretty good?"

Xia Jingxing waved his hand, "Don't play with Lao Zhou's ideas, he will not agree to sell the company."

Zhang Yong knew this, but he was actually just making a false shot, and immediately added: "We might as well invest in Sogou!"

"What do you want to do? Fight with Ahri and Sohu for control of Sogou in the future?"

Xia Jingxing shook his head and laughed, "Charles will not let go of Sogou easily! Did Wang Xiaochuan come to find you? That guy is a good balancer. Maybe he wants to pull us to check and balance Sohu and Ahri."

Zhang Yong smiled and said: "I guess he also means this! But you may not know how much attention Charles should pay to search engines.

The reason why Wang Xiaochuan attracted Jack Ma's investment was entirely because he was forced by Charles.

Zhou Hongyi had approached Charles before and proposed a cooperation plan: transferring Sogou's browser business to 360, while 360 ​​and Sohu would set up a joint venture to specialize in search.

Since Charles never took Sogou seriously, he almost agreed to Zhou Hongyi.

After trying to persuade Charles to no avail, Wang Xiaochuan could only place his hope on foreign aid.

Unfortunately, I went to South Korea during that time, so Jack Ma was the first to invest in Sogou.

However, Wang Xiaochuan also said that if Haihai Holdings is willing to invest in Sogou, he will welcome it at any time. "

Xia Jingxing shook his head, "Even if Charles agrees to sell Sogou, Wang Xiaochuan will not agree. Maybe he will turn around and find investment from Penguin and Shanda for Sogou. Believe me, his saucy operations will piss you off." .”

Zhang Yong said: "I heard that you and Wang Xiaochuan are alumni from the same middle school. Can you talk to him and subdue him?"

"It's a bit difficult, he's such a jerk! For example, he once blatantly disobeyed Charles's order prohibiting him from making a browser and led his team to secretly develop it. As a result, Charles removed him from real power for more than a year.

At one point, Charles thought that he would not be able to bear it and would resign. However, he stunned Charles until he lost his temper and finally chose to support him.

When it came to introducing Ahri, Yunfeng Fund and Charles' private investment, he should have also done some of Charles' ideological work.

How do you conquer someone with such a determined goal? "

Xia Jingxing shook his head, not thinking that he could convince the stubborn Wang Xiaochuan.

Zhang Yong felt that Mr. Xia's reputation was greater than his own, and he could deceive him better, so he persisted in advising: "You have to give it a try before you know the result! You just need to meet and talk to him once, that's fine, that's fine, that's not fine Just pull him down!"

Xia Jingxing thought for a while and felt that there was little hope of the negotiation, but since Zhang Yong had already talked about it, he couldn't refuse, so he nodded, "Okay, let's give it a try!"

Zhang Yong was overjoyed when he heard this and continued: "If we can successfully win Sogou, then we can make another breakthrough in the browser market, acquire UC Browser, and then merge the two companies.

Coupled with Sogou input method, which has a high market share, we also have our own "three-stage rocket". "

"Acquiring UC Browser?"

Xia Jingxing looked a little hesitant. Didn't he agree to sell it for money? Many of the companies invested by Vision Capital have been acquired by domestic holdings.

But then again, it's not selling to anyone. It's not like Overseas Holdings can't pay the money, so it's just that the left hand is the right hand.

"By the way, Mr. Xia, Penguin changed the name of TT Browser to QQ Browser this year, and also released an iOS application some time ago. It is clear that we want to seize the mobile Internet entrance. We have been a little slow in this field. We acquired Sogou and UC Browser are the fastest ways to catch up with Penguin, and at the same time push the front line to Qianxun’s doorstep.”

Seeing Xia Jingxing's silence, Zhang Yong simply revealed all his plans at once.

“In addition to the need for search engines, browsers, and input methods to fill gaps in the industrial landscape, I also want to acquire Amap.

In the era of mobile Internet, the application scenarios of mobile maps are obviously richer than those of computer maps, and their use will become more frequent. This is also a large traffic entrance that we need to master and occupy.

In addition, there are mobile assistants and third-party application stores. We must also seize the time to develop them. "

Speaking of this, Zhang Yong subconsciously added a few words: "Although Fuxing Mobile has these products, after all, we are separated from the company and have never been able to efficiently integrate with Haihai Holding's own product resources.

Moreover, the launch of a mobile assistant or app store by Hainei Holdings is actually an increase on the basis of Fuxing Mobile Assistant and 91 Assistant, just like Hainei Cloud is an effective complement to Fuxing Cloud. "

Xia Jingxing rubbed his forehead. The amount of information Zhang Yong said was a bit large, and he was still slowly digesting it.

According to what the other party said, it seems that Overseas Holdings needs to expand its industrial territory, because if you don't occupy these commanding heights, others will occupy them in the future.

China's Internet is not too busy at the moment, but sooner or later it will, and the relationship between several giants will escalate from a small friction to a war.

Xia Jingxing asked tentatively: "Do these companies have to be bought? Can't we do it ourselves?"

Zhang Yong smiled and said: "Not only does it take time to do it yourself, it also easily involves energy. Acquisition and integration are the most efficient methods.

Moreover, we have not yet dominated the social network industry and cannot use traffic to accurately feed too many new products.

By the time we have this feeding capability, the market will have been completely occupied. "

Xia Jingxing nodded lightly. What Zhang Yong said made some sense. The rise of domestic holdings was too fast. From the SNS field to games, and then to big entertainment and instant messaging, these industries alone have divided almost all the domestic holding groups. With all the energy, there is not much time and energy to take care of low-priority industries such as browsers and maps.

This is different from Penguin, which basically does whatever is popular. The key is that Penguin, relying on its own traffic, can often do well, and even kill originals! Of course, there are more failed products.

Xia Jingxing asked: "Do you plan to use these businesses to form a mobile Internet business group?"

Zhang Yong smiled and replied: "Yes, what do you think? We are not greedy, we just pursue each product to be among the top two in the country."

"I thought you would set your goal to be the number one in the industry!"

"It's too difficult to be number one. Maps, browsers, and app stores still have a chance to compete, but search engines... I'm afraid it won't be easy to defeat Qianxun."

Xia Jingxing was silent for a long time, then forced out a smile and said, "Your suggestion is good. We should find something for Robin Li to do."

Hearing these words, Zhang Yong smiled happily. Qianxun had publicly declared war on Haihai Holdings for more than half a year, but they had endured without fighting back. Now it was time to take revenge and complain.

"But we need to wait patiently for Lao Zhou to take action first!"

Zhang Yong quickly reacted and asked quickly: "Is the red cannon going to show off its power?"

"Yes, I think the Penguin side is almost ready. It's time to show off and fight.

Let's not worry first, wait until Lao Zhou, the pawn, crosses the river! "

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