My Fintech Empire

As of the first quarter of this year, among the Weibo users who use Quantum Beat, there are 35,083 media personal Weibos and 7,372 official Weibos. The number of official government agencies and their civil servants in various fields that have passed Weibo certification has exceeded 10,000, of which the official Government agencies have more than 6,000 microblogs, civil servants have nearly 3,850 microblogs, and more than 20,000 enterprises have registered and used microblogs.

After browsing the material, Fang Hong put it aside, turned to look at Xu Jingren and said, "The development momentum is very good, but the company's next strategic center will be fully tilted from the PC end to the mobile end. Xingyu Technology's product release has been a great success. It will inevitably push the smartphone industry to usher in a blowout development in the next few years, and it will also inevitably push the mobile Internet into a stage of explosive growth."

I came to Quantum Jump headquarters today mainly for this matter.

Xu Jingren nodded and said, "The mobile client version of Weibo has completed the final testing half a month ago, and my plan is to officially launch it on May 1."

Entering the mobile Internet is a grand strategy that Quantum Beat has set at the beginning of its establishment. Xu Jingren is now following the strategy originally set in the school dormitory.

"Weibo is not a big problem, just proceed according to your plan. I came here today for another matter." Fang Hong said, then turned to glance at the beautiful assistant sitting next to him.

Tian Jiayi understood his gaze, and immediately put the briefcase he brought on his lap and opened it, took out a document from it and handed it to Fang Hong.

Seeing this scene, Xu Jingren was also secretly surprised. A managing director of Qunxing Capital behaved like a subordinate of the boss, which made him a little surprised. What role does the boss play in Qunxing Capital?

At the same time, Fang Hong took it and handed it to Xu Jingren with a smile: "Start to form a new project team. Quantum Beat can't just have a Weibo. It's time to start a new project."

"New project?" Hearing this, Xu Jingren also put away the confusion in his heart, focused his eyes on the materials handed over, and immediately took them over to take a look. After a while, he looked at Fang Hong and said in surprise: " WeChat?"

Fang Hong nodded: "WeChat should be a social application based on the real-name system. It should have a wealth of functional applications, including voice call functions, Moments, official accounts, etc. Its core factor is the relationship chain. To be precise, it is three A chain of relationships..."

Speaking of which, Fang Hong glanced at the material in Xu Jingren's hand and changed the subject: "I have high hopes for WeChat, it is the key to us shaking Penguin's dominance in the social field. I would say that this material is worth 300 billion, which is conservative. It is estimated that it is not exaggerated at all, and there must be no leaks before the product is launched, and it is listed as the company's top commercial secret."

Worth 300 billion? Or a conservative estimate? Isn't that pompous enough?

As soon as these words came out, not only Xu Jingren was stunned, but the beautiful assistant sitting next to him was also stunned for a while. The net assets of Qunxing Capital in fiscal year 2009 have not yet passed the 300 billion mark.

Although it is a bit exaggerated to say that it is worth 300 billion yuan, it also shows how much the boss attaches importance to this new project. Xu Jingren looked through the content of this material again, first of all, it discussed the three "relationship chains".

Acquaintance relationship: That is, through the function of matching the address book, WeChat authorized by the user can add friends in the user's mobile phone. In addition, it also allows direct login with the Weibo account, which can be regarded as Weibo attracts WeChat.

Stranger relationship chain: that is, WeChat development has functions such as drifting bottles and shaking. Strangers make friends.

In addition, there is a social service triggered based on geographic location. When users reach a location, they can chat with people near that location.

This is definitely a god-level function!

Users can play tricks, and it is an important factor that makes WeChat popular quickly, because this function is based on the relationship chain based on strangers, and naturally has the attribute of "promise//cannon".

Offline relationship chain: By developing a QR code business card, everyone can add WeChat to each other when they meet offline. From acquaintances to strangers, the offline relationship chain can be imported into WeChat with just a scan .

After reading the discussion of the three major relationship chains, Xu Jingren continued to look at the following content, and gradually became fascinated, showing a surprised expression from time to time. This material basically formulated the development of the new project "WeChat" in the next five years. detailed strategy.

In the end, Xu Jingren closed the document and turned to look at Fang Hong and exclaimed, "Boss, your idea is really... I dare not say it's worth 300 billion, 30 billion should be possible."

Fang Hong said with a smile: "The structure is small, isn't it? In fact, the future expected valuation of the WeChat project in my heart is 500 billion."

Hearing this, Xu Jingren and the beautiful assistant both said the word "outrageous" in their minds, and the numbers became more and more exaggerated.

However, Fang Hong didn't bother with this issue too much. After all, they had historical limitations, and as a time-traveling rebirth, Fang Hong obviously didn't have such limitations.

After a while, Xu Jingren looked at the materials in his hand and said, "This new project may really shake Penguin's dominance in the social field, but apart from Penguin's QQ, which is the main competitor, China Mobile's Fetion is also not to be underestimated." Looking at it, the user activity of these two products is very exaggerated, and both of them have reached a scale of 100 million online at the same time.”

Fetion is a software launched by China Mobile in 2000. At that time, the mainland mobile phone market was still dominated by operators. This application can realize the seamless connection between the Internet and SMS, and is currently the most popular social software in China. One, it is not an exaggeration to say that Fetion belongs to the same echelon as QQ at the moment.

Users can use Fetion to send text messages to friends in their address book, which is very limited for users who need to send notifications, and the service is free, only a little traffic fee is required, but this is limited to mobile If it is sent to China Telecom or China Unicom, it will still cost money.

The current Fetion can be said to be in the heyday stage. After all, relying on mobile, the number of users has reached 500 million, and the number of active users has reached 100 million. Moreover, smartphones have not yet been popularized on a large scale. Most of Fetion Users are still running on so-called smartphones with plastic keyboards.

At this time, Fang Hong said calmly: "Fetion seems to be powerful, but in fact there is nothing to worry about, because this product shuts out Telecom and China Unicom users, and does not support Three Netcom. This will become the biggest shortcoming of Fetion in the future. The key It’s because China Mobile didn’t think about seeking change, maybe it’s too easy to acquire users.”

In addition, Fetion's free service is limited to its own mobile users, while users of China Telecom or China Unicom still have to charge. This is also a big factor, and I don't want to give up this piece of cake.

The IT Internet industry is a typical "fast fish eats slow fish" industry. Emerging companies are also rising very quickly, and it only takes a year or two to decide the winner. When WeChat rises and smart phones become popular on a large scale, it will only take two or three years. It will be too late even if Fetion is changed to Three Netcom.

Fang Hong looked at Xu Jingren and said: "Quantum Jump was split and reorganized before, and the funds that were originally raised for the Weibo subsidiary were spun off for refinancing. The funds spun off before were actually intended to be used for this project."

Xu Jingren was very surprised when he heard it, and said immediately, "Did you start planning at that time?"

That is to say, this project had already been brewing in the boss's heart at that time, maybe even earlier than that time.

The boss really took one step at a time to see ten steps. Xu Jingren couldn't help but feel admiration secretly, but quickly said: "Is this project an independent operation? Or is it merged into Weibo?"

Fang Hong immediately said: "Of course it is an independent operation. Quantum Jump splits and reorganizes and separates Weibo to go public through a backdoor. The purpose is to make the WeChat project independent. Wouldn't it be cheaper for those VCs to merge WeChat into Weibo's subsidiary?"

If WeChat is merged into Weibo's subsidiary, the VC who raised money last time will be very profitable, and the equity they get will definitely be the floor price of the floor price.

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