Rebirth of the Official Business Route

It is difficult for investors in the United States to understand the bubble in the new technology wave of 1999, let alone start a business by domestic college students.

Zhang Ke called Zhai Danqing and asked her to send someone to send some research reports on the wave of the new technology industry. A formal and well-founded research report is more convincing than a mouth.

"The long-term rapid development of the global new technology industry, especially the Internet industry, is affirmative. In the early stage of the Internet industry, its own profitability is extremely limited, and the development cannot be separated from the support of the capital market. Therefore, venture capital is extremely concerned about the trend of the capital market. ," Zhang Ke said with a smile, "The investment and profit path you designed for Chuangyu is to build Zhuoyu into China's Amazon. The fastest way to expand the scale of business, in order to win the favor of overseas venture capital and finally In an overseas listing, Chuangyu will be able to cash out at that time-but this process will take two to three years at the earliest. Unfortunately, the attitude of the capital market to the Internet industry is not always enthusiastic. Once the capital market falls into a trough In the period, the listing plan will die...Have high expectations for the enthusiasm of the capital market. This is the biggest flaw in the plan and the biggest risk. As a standard venture capital model, there will naturally be a kind of risk for this kind of risk. However, there is still a big difference between Chuangyu and venture capital. The purpose of Chuangyu is to support college students’ entrepreneurship, and to be favored by the capital market and finally listed overseas. Naturally, it is the most ideal result, but as a venture fund In essence, it is necessary to relatively reduce the dependence on the enthusiasm of the capital market, and to consider the development potential of the industry itself. "Fiction chapters update fastest" Novels" novel chapters update fastest

"..." Zhang Ke's words made Ma Li and others pursed their lips and fell into contemplation. His words also contained depth that Du Fei could not normally think of. The difference between venture capital is not deeply understood either.

"I didn't deny the essence of this business plan. How can I say it?" Zhang Ke smiled lightly. "It should be said that Chuangyu needs a more conservative business plan with deeper thinking about the industry itself. As for the amount of financing, five million yuan or ten million yuan is okay, and it doesn’t matter."

"In the afternoon, I will discuss this for the local creative association director activities. At least we have a clear idea now." Du Fei handed the plan to Shi Xuebin. He did not intend to take up too much time for Zhang Ke. Now Shi Xuebin, Shi Xinfei, and Dong Yuehua are all Meng Le and Xi Ruolin went to the United States for the Geography of the Innovation Association. Du Fei relied more on them in this regard. Qin Gang and Ling Xiaoyan were more responsible for the daily management of existing businesses. It is derived from the profitability of Chuangyu's existing business.

Shi Xuebin said to Ma Li and his three partners: "You don't have to wait until the afternoon. Let's find a place to have lunch. Let's talk while eating..." Then he asked Zhang Ke, "Are you going to participate?"

"I'm okay?" Zhang Ke said, "You find a place to eat first..."

Let Shi Xuebin and Ma Li leave first, and Zhang Ke, Du Fei, and Chen Feirong walked and talked: "The capital market has always been prosperous and declining. The cycle of venture capital generally does not exceed two years, and the cycle is too long. , It is difficult to make a prepared judgment about the direction of the capital market-venture capital requires more consideration of the potential of the industry itself, considering that the investment cycle can be longer than venture capital. To be precise, the risk is more like industrial speculation... "

Du Fei said: "If you don't consider the introduction of venture capital in this business plan, Chuangyu will almost have to invest in it-it is too big for Chuangyu.

"What are you worried about?" Zhang Ke smiled. Said. "E-commerce will not be limited to the online sales of cultural products such as books, audios, audios, etc. When you reach the stage of online sales of consumer electronics and even home appliances. Aida and Shengxin can both consider investing in equity --"

"Yes." Du Fei smiled. "Speaking of the Internet industry. Behind it, there are Global Music Online and the two big mountain gangs creating domains that stand up to the sky."

This is Quantum's last financing and equity adjustment before its listing. Except for Kumho's left hand and right hand. Transfer most of the equity held by venture capital to overseas companies. In addition, it only raised 20 million US dollars from venture capital investment related to Goldman Sachs. The US Nasdaq Composite Index has been steadily rising in the past two years and there are already signs of gaining ground. Quantum Online has been adjusted at this time. It can be listed overseas as soon as mid-June. The fundraising work is proceeding in an orderly manner.

Except for Quantum Online. Global Music Online is an online genuine music sales store that was originally established to cooperate with the sales of ip1ayer hardware. It is also an important Internet resource under the name of Kumho. Years later. Toshiba and Skoper jointly injected US$60 million in Global Music Online in exchange for a 30% stake. It also means that the market value of the remaining 70% equity in Kumho's hands is US$21.1 billion. Kumho invested more than 20 million U.S. dollars on global music online.

If you only count the wealth on paper. It seems that Kumho’s book profit on global music online is dozens of times that of hardware sales-unfortunately it is only book profit. In a few years this year, Kumho will not be able to cash in on its book profits.

"These are related to the long-term planning of the resources of the Internet platform. It is also that Kumho is considering the big issue at the moment." Zhang Ke said. "It's like Toshiba and Skoper jointly inject 60 million US dollars into Global Music in exchange for 30% of the equity. It seems that this is a bold investment in the context of the new technological wave. But for Toshiba and Skoper. Take it out. This money comes. More importantly, it is industrial considerations."

"Kumho's left and right hands this time, isn't the Oakland Ventures Group's more than 30 million U.S. dollars out of thin air? It should be possible to do something." Du Fei said.

"Thirty million dollars can't do much," Zhang Ke smiled. "There are many things to do. Now the Aida Cultural Fund has been established. Expanding further, will it be more meaningful to build a digital library on the Internet-this project is much more complicated than building a physical library with two floors underground and six floors above ground... All of these involve The future segmentation of Internet content, platforms, users and other resources——"

"The digital library you mentioned was actually proposed by a researcher from the Institute of Science and Technology Information of the school. However, the scope of his delineation is very narrow, and it is limited to the collection of materials in professional fields. It should also be attributed to it.

"The library category," Du Fei said, "The person was introduced by Qin Gang, and the problem that came up was too complicated. I didn't let Chuangyu take over..."

"Is he just proposing ideas, or does he also have the ability to execute?" Zhang Ke asked. In these years, creativity is a very cheap thing, or it can be said that it is an investment place. In the end, it depends on people's ability to execute.

"Then you have to give him hundreds of thousands a try before you know it." Du Fei said.

The people introduced by Qin Gang should not be too bad in ability, but there are too many factors for success. For investment funds, they will never invest all the funds needed for development at once.

Since Du Fei has a strong interest in the Internet industry, Zhang Ke also hopes that Chuangyu can do some basic things down-to-earth. As long as the pace is not too high, even Chuangyu will encounter the Internet cold wave, for Kumho, It will not be too much trouble. After all, basic things must be done, and this resource can be grasped in their own hands as much as possible, and they must be grasped as much as possible.

Zhang Ke was still quite idle during this period. Whether it was Samsung, Mitsui, the supporting King of Science, and Yanjia and Horizon Construction, they were all busy with industrial layout.

Time went on to April 1999, and the haze of the Asian financial turmoil was finally blown away. The new technology economy is surging vigorously. Although a bubble is brewing, it has provided considerable assistance to the economic recovery at this time. Singapore and Malaysia were the first to signal economic recovery. South Korea’s Samsung’s financial pressure has also been greatly eased, and it has continuously announced additional plans for investment in China. Kewang has the support of Mitsui and Huaxia Electronics. The manufacturing base in Jinshan is also increasingly prosperous. For Yan Jia, The expansion of ICT Bank's business to Donghai Province can be regarded as opening up the two lines of Ren and Governor for the real estate business of Horizon Construction in Donghai Province. At least there is no need to worry about financial pressure. This must be the most rare guarantee for a company. .

Zhang Ke had nothing to do in his spare time. He accompanied Du Fei, Shi Xuebin and others on weekends, and submitted business plans to Ma Li and Yang Weiyi. They were all locked in the office of the Innovation Association to study and study the business model of e-commerce websites.

Amazon has achieved great success in North America, but Amazon's business model cannot be simply imitated in China. The development of domestic e-commerce can even be described as a long way to go.

"In North America, online credit card payment is quite popular, while in China, it is a big country for cash transactions. People are not even used to remittances to the post office..."

"In North America, there are upss and Fedexx logistics companies covering the United States and even the world. Compared with the prices in North America, logistics costs are low. China's postal express charges are expensive and the service is not ideal. Intercity express and urban express companies cover a narrow area... "

"Consumption in North America has a mail-order tradition, and a mail-order business model has long been formed, and the recognition on the Internet is extremely high. For Chinese consumers, online shopping is as uncomfortable as ‘buying cattle from a mountain’..."

"Consumers in North America have a high tolerance for delivery. Amazon usually delivers goods after seven working days, while the patience of Chinese consumers is very limited..."

Details that were not emphasized in the original business plan were listed on the blackboard of the Creative Association Office for discussion.

As a well-known student bookseller in Jianxiao, Ma Li, Yang Weiyi and others have laid a certain foundation in the physical sales of books. The book store under construction has a physical bookstore covering an area of ​​more than two hundred square meters for his previous college sales network. With the support of warehousing, logistics and distribution, supply of goods, etc., although the previously established online book sales network is limited to a few universities, it has initially taken the first step in the transformation of physical business to virtual business mode. They sell books online and The personal website of audio-visual products also sells some electronic products for students, and even cooperates with a flower shop to launch flower ordering business online.

However, the previous online sales were only limited to the established colleges and universities. College students who organized work-study programs rode on bicycles to form a complete distribution team, and it was aimed at college students. Once the entire business model is promoted to the whole country, it will face the entire online consumer group. , The added difficulty is hard to imagine.

Relatively speaking, it is simpler to build an Internet sales platform.

Ideas and ideas are always cheap. What is really valuable is the ability to realize ideas and ideas step by step. Investing in business is not as good as investing in people who propose business solutions. If you vote for the right person, a seemingly poor business plan may be profitable; if you vote for the wrong person, no matter how perfect a business plan is, it will be an endless bottomless pit.

Zhang Ke and Du Fei finally decided that Chuangyu would inject five million yuan into Jiankewen, a partnership company of Ma Long, Yang Weiyi and others, to establish a joint stock limited company ~www.wuxiaspot.com~ to establish a database for collecting and selling Chinese books to show Zhuoyu In the online book sales business, Ma Li, Yang Weiyi and other founders of Jiankewen applied to the school for a leave of absence and devoted all their energy to the company's exhibition.

Tunghai University has not made great achievements in the university industrialization exhibition. For example, Peking University has Founder and Jade Bird, Tsinghua University has Tongfang and Ziguang, and there are no particularly well-known technology companies under Dongda Technology Development Corporation. This is also Dongda’s The domestic weakness is not strong enough.

In the past two years, Dongda has also made great efforts in industrialization. More than two hundred acres of land on the east side of the campus have been invested in the construction of Dongda Science and Technology Park, supporting technological entrepreneurship projects, and jointly established with the Oak Park Venture Capital Fund. The Venture Fund of the Science and Technology Park, naturally also cheeky, regards Chuangyu as a model of Dongda's industrialization exhibition. After all, Dongda also holds 30% of the shares of Chuangyu Online School.

Chuangyu invested in Kewen to develop the online book sales business of Zhuoyu.com, which also received strong support from the school. The school not only supported Ma Li, Yang Weiyi and others to suspend their studies and start businesses, but also the opening of Dongda Science and Technology Corporation also injected an additional 3 million in capital, together with Chuangyu Holding the equity of Jiankewen, Ma Li, Yang Weiyi and others founded the original resources to hold 51% of the equity of Kewen.

The Kewen company will also move into Dongda Science and Technology Park to prepare for the formal launch of online book sales.