Rebirth: My dad is a coal boss

"Now YY has completely connected all the software within the company. As long as you have a YY number, you can log in to "Miracle MU", "Tianlong Babu", Taobao, Duowan Forum, Alipay, website navigation websites, etc., which has brought many new users to YY.

Especially Duowan Forum, because of your work in Italy last year, the number of users of Duowan Forum has increased dramatically, directly breaking through the hundreds of millions mark. In addition to the subsequent acquisition of Manchester United, Duowan Forum will have a large number of new users every day. We have seized this opportunity very well and the conversion is very successful. In addition, the daily push of the Internet cafe management system has allowed the number of YY users to directly break through the hundreds of millions mark."

As soon as Zhang Xiaolong finished speaking, warm applause rang out in the conference room. When YY was first created, no one was optimistic about it. In the field of instant messaging, there was no concept of coexistence. It was either you die or I die. The number of users was the most important. At that time, the number of QQ users had exceeded 100 million, which was a very critical node. This has changed from quantity to quality.

It is conceivable how difficult it is to snatch food from QQ at this time, but YY opened up the situation with the online voice function, and then launched various functions one after another to gain a foothold.

Now it has the qualifications to challenge QQ, which was unimaginable at the beginning, and it took only a little over a year to achieve it.

"How is the user activity, and how is the retention time?" This is the most critical. There are more than 100 million users, but there is no activity at all, which is useless. The retention time is also very important. If you just log in to take a look and then log out, it is useless.

"We have a very high number of active users, and the average retention time exceeds half an hour. Both the activity and retention have exceeded QQ. This is due to the popularity of the company's two games and the popularity of the Duowan Forum. In addition, the YY space we launched is also very popular among users. Basically, as long as you log in to YY, the first thing you do is to open the space and take a look.

At the same time, our YY voice, YY video, YY group, and YY room functions are also very popular, which makes the user activity very high. In addition, the YY level function we launched can be upgraded after accumulating two hours of login every day. The first thing users do when they go online is to log in to YY first. People who don’t have time to go online will also ask their friends to log in for them.

This function is simply a genius design, it’s really great."

Zhang Xiaolong said a lot, and finally flattered Lin Hao, after all, this function was proposed by Lin Hao.

"What are your plans for this year?" Lin Hao asked.

"This year, we plan to launch the mobile version of YY, so that users can log in to YY and chat with their mobile phones. It is currently under development. At the same time, we have already contacted the three major operators, especially China Mobile. YY will be fully connected to the Mobile Dream Network.

In 2000, China Mobile launched the Mobile Dream Network and began to recruit value-added telecommunications service partners, i.e. content providers, and adopted a 15:85 profit-sharing model, i.e. China Mobile gets 15% of the revenue and value-added service providers get 85% of the revenue. Among the first three partners to sign contracts, Penguin is included.

After our research, if we connect to the Mobile Dream Network, it can bring us a considerable amount of income and get rid of the current situation of burning money.

The services we provide include "mobile chat, IVR services, ringback tone services, mobile ringtones and pictures, mobile phone news and information content services, mobile phone games and other value-added telecommunications services ".

There is also the deepening of the functions of the YY space. The company previously acquired Lianzhong Games. We plan to transform Lianzhong into a YY game platform and embed it directly into YY.

In addition, we will also launch Y coins, which can be recharged through Alipay. Y coins can be used to recharge games, purchase points, purchase various virtual items, and can also be used for shopping, etc.

After our careful internal research, this year is the most important year for YY. It is related to whether we can surpass QQ, completely get rid of QQ, and establish our position as the dominant player in instant messaging. This is a key year, so we hope to get strong support from the company."

After hearing this, Lin Hao smiled and said, "How much did the YY department spend last year?"

The 2 billion raised from Haohan Capital last year was almost spent in just a few months. The speed of burning money is really not slow at all, and it is even surprisingly fast. You must know that it is only 2004, not the time when people in the future burn tens of billions of money at will.

When Lin Hao asked this, Zhang Xiaolong was a little embarrassed.The company's focus in 2017 was e-commerce, but YY also spent a lot of money. First, it acquired Lianzhong, and then spent a lot of money on promotion to increase the number of users.

"Last year, YY's various expenditures were 800 million yuan. Although it cost a lot, I think it was worth it compared to the achievements." Zhang Xiaolong said.

"So what support do you want to get this year?" Lin Hao was not opposed to spending money, as long as it was proportional to the achievements.

"We want to double YY's budget to 1.6 billion. Of course, this includes YY, Duowan Forum and Alipay. At the same time, the company's internal resources should be appropriately increased for YY, especially the budget. If it can reach 1.6 billion, I can guarantee that it will exceed QQ this year and achieve profitability next year."

Zhang Xiaolong looked at Lin Hao and promised. Lin Hao still believed what Zhang Xiaolong said. You know, Penguin was still poor before 2001, but after joining Mobile Dream Network in 2001, it began to make profits that year, and it doubled every year.

In the past, this year, Penguin's profit income sources have become more: Internet value-added service income, telecommunications value-added income and online advertising income.

This time, Penguin has transformed itself into the darling of the capital market, and on June 16, 2004, it was officially listed on the Hong Kong Stock Exchange, and the listing sponsor was the famous international investment bank Goldman Sachs Group.

Lin Hao believes that YY is not worse than QQ, and now the number of users has exceeded 100 million. After joining Mobile Dream Network, the income will naturally increase greatly. If it still cannot surpass QQ after spending another 1.6 billion this year, Zhang Xiaolong can pack up and go home.

"Mr. Zhang has said so, the company will naturally support it, so let's follow the 1.6 billion budget, and I will wait for Mr. Zhang's good news."