My Age of Investment

Chapter 788 The positioning of the two major social platforms

the next day.

The high-profile celebration banquet held by Hainei.com at the Shangri-La Hotel, related videos and reports began to circulate on a large scale, which aroused heated discussions on the Internet.

Among them, the most discussed by netizens is the miracle of the soaring valuation of Hainei.com.

In less than a year since Xia Jingxing took over Haineiwang from Huang Xin, the number of registered users has grown rapidly from more than 300,000 to 80 million, and the valuation has increased by nearly a thousand times. The post-money valuation is US$1.5 billion.

In China, there has never been an Internet company that has grown so fast, or to be more confident, since the Internet was removed and opened, there has never been a company that has grown so fast, which can be called a business miracle.

Even Shanda, which was born out of "Legend" back then, is weaker than Hainei.com at this time in terms of capital actions, fierce business competition, and social topics.

Using the answer of a highly praised and highly commented netizen on the Tianya Forum, the summary is: Mr. "First Negative" is too lazy to respond to those comments on the Internet that question and smear him, because he is an activist.

The silent acquisition of Skyworth has changed the pattern of the home appliance industry;

The conscientious department clamoring to block the vision department suffered a collective lawsuit from shareholders, and its stock price plummeted. At the same time, it was also facing investigations by multiple departments, making it embarrassing;

In his spare time, Xia Jingxing also launched a farm game, which quietly changed the structure of China's social network industry amidst the infamy of "garbage games".

The real richest man is nothing more than this, with the strength to shake many industries.

Even if he really encountered a personal financial crisis and became the "first loser", he can still be called the richest man in terms of the ability, skill, and vision he has shown.

However, there are still netizens who don't buy it, and attribute all the success to capital power.

Someone cited the financing records of Hainei.com.

After Envision Capital took over, it first injected US$10 million, and then completed the US$100 million A round of financing with the participation of Facebook, the US$20 million A+ round of financing invested by DCM, and now Hanergy, Northern Lights, Cybernaut, etc. , Capital Today’s four joint investments of US$150 million in Series B financing.

Apart from Ari, no Internet company in China has completed such a huge financing before going public. The three major portals, Shanda, Baidu, and Penguin all raised less than US$100 million before going public.

Four rounds of intensive financing in a year has set a new record for domestic Internet companies in financing.

Of the US$1.5 billion valuation on Hainei.com, nearly US$300 million came from equity financing. Some people commented sourly: This is a product ripened by capital, and it is impossible for normal development to be so fast.

at the same time,

Some people also questioned the existence of bubbles in the valuation of Hainei.com.

Soon, someone replied to him with Facebook with a valuation of 25 billion US dollars.

However, unconvinced netizens believe that Facebook also has a valuation bubble.

After arguing and arguing, the discussion on the Internet completely digresses.

It can also be seen from this incident that no one questioned Xia Jingxing's capital strength, ability, status as the richest man, etc. anymore.

In the past, Facebook was far away overseas, and domestic netizens had no intuitive experience of the industry and industry influence of the new richest man.

Feeling strong now!

At least I know that the richest four listed home appliance companies, as well as Haineiwang, Happy Farm, and the Conscience Department of an old domestic IT company, have fought and won...

Controversies over companies such as Vision Capital and Hainei.com have also shifted to valuation bubbles, profit models, etc. Play for fun, make trouble for trouble, and no one will make fun of Mr. Richest Man anymore.

In a sense, the recent series of actions gave Xia Jingxing a popularity boost and truly established the prestige of the richest man.

In the past, people always had to scrutinize the richest man who suddenly returned from overseas. This is because most people lacked understanding because they did not rise at home.

…………

…………

Xia Jingxing was sitting in the office, making a video call with the foreign girl.

"Daren, congratulations, you have achieved another major commercial victory."

The foreign girl on the big screen has loose hair, is wearing a sexy silk pajamas, and holds a cup of coffee in her hand. Behind her is the familiar layout of a Chinese-style study.

Considering the frequent video calls with Xia Jingxing and the time difference between China and the United States, Yang Niu installed a video call system at home.

"A major victory?"

Xia Jingxing shook his head with a smile, "Not to mention, it's a phased victory."

"Are you worried about the penguins?"

Because of Xia Jingxing's relationship, the foreign girl is also very familiar with Chinese Internet companies.

"Well, instant messaging software is very sticky, and it has always been a great enemy to Hainei."

The foreign girl was stunned for a while, then nodded her head, "It's very strange. After ICQ was acquired by AOL, the development has been tepid. On the contrary, OICQ, ICQ's Chinese disciple, has developed a new world."

Xia Jingxing smiled lightly, "Who says ICQ doesn't pay attention to the Chinese market, and the QQ team is not simple, they update and iterate quickly, and have a keen sense of the market.

At present, the functions launched by QQ are becoming more and more abundant. Qzone and Friends.com, these two products can be called the heavyweight competitors of Hainei.com.

You see, if my predictions are correct, they are just taking a break, and they will play new tricks soon. "

Based on Xia Jingxing's understanding of Little Ma and the penguins before 2010, the imitation should have been arranged by now, and he can even be sure of the name, it will definitely be called "QQ Farm".

The foreign girl frowned, she felt that the Chinese market is quite complicated, and the development may be much more difficult than Facebook.

The rise of Facebook is fairly smooth, all competing with rivals in the SNS industry, without a strong competitor like Penguin standing in front of it.

Say Penguin is powerful, far inferior to Google and Yahoo.

However, the main business of Google and Yahoo is different, and it is not easy to cross from the main business to SNS.

And Penguin started as an instant messaging software, so it is relatively easy to cross over to SNS.

The achievements of Youyou.com and Qzone have already explained everything.

With the further expansion of Haineiwang, the conflict with Penguin will become more and more irreconcilable, and each is a stumbling block on the way forward for the other.

"Okay, let's not talk about this. This time, neither Envision Capital nor Facebook will participate in the B round of Hainei.com's financing. Do you have any objections?"

The foreign girl put down the glass, spread her hands, and said with a smile: "Of course I have no objection, you just decide."

If it was before, the foreign girl might have to argue, but now she knows that it is almost impossible to integrate Facebook and Hainei.com into one.

Therefore, for Hainei.com, she just treats it as an ordinary financial investment. She will no longer think about acquiring Hainei.com as before, and build a social network empire that truly covers the whole world.

Xia Jingxing nodded slightly. Now that the non-compete period with Facebook has ended, he no longer needs to take care of the feelings of Facebook shareholders. Whether or not Facebook invests is all up to him.

After the completion of the B round of financing, the four allies of Capital Today, Hanergy, Northern Lights, and Cybernaut will be absorbed as new shareholders of Hainei.com, each accounting for 2.5% of the shares.

Facebook's shareholding ratio has been diluted to 15.71%, ranking it as the second largest shareholder. Except for sending a director, it cannot exert significant influence on Facebook.

Vision Capital continues to firmly occupy the position of the largest shareholder and actual controller, holding 62.86% of the shares.

DCM holds 2.7% of the shares, which is close to that of the other four allies, which is convenient for balance.

The option pool is diluted from the original 10% to 8.73%.

"Can the "Happy Farm" game on Hainei.com be put on Facebook's open platform?"

The foreign girl suddenly suggested that she is in the United States and has heard that this game is popular throughout China.

She said with a smile: “Some time ago, Facebook’s open platform was officially launched, and Yelp and several start-up consumer Internet companies entered the platform.

Now, we really need a game like "Happy Farm" to help us promote the open platform. "

Xia Jingxing immediately realized that this was a good opportunity to help the Hainei game department to go overseas, and nodded quickly: "Of course, I will immediately arrange someone to connect with Facebook."

Xia Jingxing originally planned to leave this business to Zynga, founded by shareholder Mark Pincus.

Now that guy's company has not been seen yet, Xia Jingxing naturally cannot wait for him.

As for why the foreign girl doesn't plan to develop her own game, Xia Jingxing doesn't even need to ask, she knows that she doesn't like this kind of small business. Facebook is currently developing the advertising business on a large scale, trying to break through the 1 billion US dollars in revenue.

This is the real cash cow.

This kind of tasteless game is also appreciated by the domestic network whose development stage is lagging behind.

In addition, he does not intend to guide Facebook to make games on a large scale, as long as the advertisement can be done well, the game should be handed over to Hainei.com.

As a shareholder of Hainei.com, Facebook can provide Hainei.com with some assistance in marketing and promotion when it comes to launching games overseas.

Therefore, Xia Jingxing took advantage of the situation and proposed the idea of ​​game cooperation, and Yang Niu naturally agreed.

The two exchanged views on the positioning of the two major social platforms, and established the basic positioning of Facebook as an advertisement and Haineiwang as a game.

In the future, Hainei.com can extend the tentacles of the game to the whole world through Facebook's user network.

In addition to normally charging advertising fees, Facebook, as a shareholder, can also share in the growth dividends of overseas online games.

As for social business, neither of them talked about it. For the time being, Hainei.com has a foothold in the Chinese market, and Facebook has a foothold in markets other than China.

For the two companies, this solution is very complementary, without internal friction, and it balances the interests of all parties well.