Rebirth of the Wild Age

(The more I thought about it, the more I felt something was wrong. I quickly turned to the front and found that I made a mistake once. To correct it, Lao Song now only has more than 6 million Lenovo shares left in his hand. At that time, he probably pressed an extra zero. This plot can’t be written , and I have to modify the front, so embarrassing... Let's take it one step at a time.)

Lenovo’s stock price has skyrocketed this year, not only because of the positive factors we mentioned in the previous chapter, but also because of the rapid development of Lenovo Digital (formerly known as Digital China).

Lenovo Digital is a subsidiary established in January this year, with an authorized share capital of 100,000 Hong Kong dollars, divided into 1 million shares, each with a par value of 0.1 Hong Kong dollars. Lenovo Group transferred all the agency business to its subsidiaries, and let the subsidiaries invest in e-commerce. Through private placement and public offering, the valuation of the subsidiaries has expanded to more than 3 billion Hong Kong dollars (Lenovo holds 50% of the shares). The 30,000-fold increase within a month mainly came from the investment of Lenovo Group and other institutions.

The valuation of the subsidiary may be fictitious, but in the process of the public offering, it actually raised nearly 700 million Hong Kong dollars in funds.

Perhaps for the purpose of collecting money, or perhaps for business consolidation, Lenovo disclosed several times that it would spin off its subsidiaries and go public. Every time there is news, Lenovo's stock price will drop a wave, so it immediately clarifies, and after the clarification, it ushers in a big rise again.

The main reason is that the momentum of Lenovo Group and Lenovo Digital is too strong. As a subsidiary of Lenovo, although Lenovo Digital has not yet been listed, every public offering has been greatly oversubscribed. The amount of additional new shares issued is not enough to sell. Some time ago, Goldman Sachs even specially helped to issue more than 13 million new shares to take care of investors who wanted to buy but could not.

The internal allotment stock price of the subsidiary Lenovo Digital is only HK$0.1, but the market price of the public offering has been raised to close to HK$4.

If Lenovo’s major shareholder (the Chinese Academy of Sciences) hadn’t been stuck in a policy that required Lenovo Group to hold more than 50% of the subsidiary’s shares, Lenovo might have issued new shares in the subsidiary, raising hundreds of millions of dollars in minutes.

These are the reasons why Lenovo's stock price soared to 70 yuan, all of which are good news!

If you want money, you need a market, you need performance, you need fame, you need policy support, you need policy support, and you have to catch up with the environment where Hong Kong stocks continue to skyrocket. In the autumn of 2000, Lenovo was absolutely in the limelight. The well-deserved leader of China's technology industry.

Song Weiyang's sale of more than 6 million Lenovo shares only caused a slight ripple, because the daily trading volume of Lenovo's stock is too large. Lenovo's stock price of HK$70.46 was pulled to HK$68.17 by Song Weiyang's large number of sales orders, but it quickly rose back to HK$69.

However, there are also effects. Lenovo's stock price cannot break through 70 Hong Kong dollars again, and some financial institutions that hold shares have also begun to sell slightly. Anyone can see that Lenovo's stock price is too demonic. Sooner or later, those financial institutions will sell a lot of goods, and it is estimated that they will usher in a continuous decline in a month or two.

Even without Song Weiyang, Lenovo's stock price will fall to more than 10 yuan this year due to the impact of the slump in technology stocks. When Lenovo splits its subsidiaries to go public next year, it will fall to 11 yuan on the day the news is announced, and plummet to 5.85 Hong Kong dollars a few days later, and has been fluctuating around 5.5 Hong Kong dollars since then.

And its subsidiary Lenovo Digital didn't make any money. The stock price was more than 4 yuan on the day of listing, and it fell to less than 2 yuan a few months later.

The only advantage is that the business has been reorganized. Lenovo Group specializes in the production and sales of electronic products, while Lenovo Digital is an agent of foreign brands and e-commerce.

No matter what, Song Weiyang sold more than 6 million shares of Lenovo this time, and he still cashed out 430 million Hong Kong dollars. These pocket money can be used to continue to inject capital into Alibaba, Sohu, Tencent and Netease, and even invest in Amazon, whose stock price has fallen into single digits next year. At this time, Amazon’s stock price has changed from triple digits to double digits. .

By the way, the box office proceeds of the "Chinese Heroes" that Song Weiyang invested in at the beginning have already entered the account. Since the box office in the Hong Kong city and the box office in other cities are settled together, the settlement only started in August this year. Song Weiyang invested 15 million at the beginning, but now it has become 18 million. Although there is only a 20% profit, it is enough for this large investment to recover the cost. Very good.

Now Song Weiyang has a lot of spare money in his hands, just waiting for the Internet bubble to blow up again next year, and it will be even worse than this year.

...

Some time ago, didn’t Song Weiyang decide to invite Han Han and some celebrities to join in, in order to expand the influence of Sogou’s blog?

After discussing with Ding Ming in detail, the blog development plan was put on hold, and continued to be thrown there desperately, allowing Sogou blog to develop naturally and slowly. Because it is the cold winter of the Internet, this thing can't bring any profit, and it doesn't help Sogou's long-term development.

Although Ma Xiaoyun and others were talking about martial arts novels in West Lake Lunjian before, they were right about one thing. In the cold winter of the Internet, any tricks are useless. The major Internet companies are like knights falling off a cliff. The most important thing is to take the opportunity to practice hard. Whoever can practice their internal skills well will be able to kill all directions when they come out of the rivers and lakes again.

The content that Sogou search is going to practice now is the Internet encyclopedia!

Now there is not even Wikipedia, let alone Baidu Baike. Once Sogou Baike is made, its importance is second only to Tencent's QQ.

At the beginning of October, Beijing.

Song Weiyang was invited to record a CCTV program, and attended Sogou's press conference by the way.

More than 20 media gathered together, but the reporters were not energetic, joking and chatting in twos and threes, and only waited for the money to leave after the press conference.

The Internet is dead, this is the slogan chanted by the media some time ago, no matter how hard you try, it will be the same, there is no possibility of any shocking news, and readers' attention to online reports has also dropped significantly.

Going back half a year has been so lively, Internet companies are established every day. The reporters are soft on their car fees, and they can still write articles to save the newspaper centimeters when they go back. These news are often placed on important pages, but now they are not taken seriously by the editor-in-chief.

There is a doctor surnamed Lu who specializes in the study of the Internet. His book "77 Innovative Models of the Internet Economy" is known as the Bible for Internet entrepreneurship in China. This spring, all the entrepreneurs had a book and went to Dr. Lu to ask whether their business plan was feasible. As long as Dr. Lu nods, he can go back to register immediately, and then hold a press conference to invite Dr. Lu to get financing easily.

Throughout the spring, that Dr. Lu lived in a certain hotel in Zhongguancun, because they all held press conferences there, and sometimes he had to attend two or three times a day.

As for now, Dr. Lu has not received an invitation for a long time, and An Anxin returned to the Academy of Social Sciences to do academic research. Years later, Dr. Lu was hired as a consultant to the central bank and participated in the formulation of the "Guidelines on Security Risks of Online Banking". He then drafted a national strategic report on cyberspace, which was made a national policy after the leadership's approval.

If there was no Internet bubble in 2000, maybe this Dr. Lu would have become a businessman. After all, seeing others make a fortune according to his advice, sooner or later, you will be tempted. If you can't help but start a business, how can you have time to do academic research with peace of mind?

A reporter looked at the large digital screen on the stage and asked his colleagues, "The Internet Encyclopedia Project, do you know what it is?"

"I don't know," the reporter said with a smile, "Whatever you do, you can't make any money anyway. I want to learn more about encyclopedias, so I can just buy "Encyclopedia of China". Do I have to pay to search online encyclopedias?"

Another reporter said: "Sogou search company still seems to be making money, the advertising revenue is very high, and it has not received a large amount of financing to support it. It will not work if it is replaced by other companies. Look at the three major portals today, they can't get wind. Tou died of poverty."

"No matter how high the advertising revenue is, Sogou can at most break even. How can there be so many companies advertising online."

"Now more and more companies are starting to create company websites. Sogou may be able to make a lot of money in two or three years."

"Ghost knows."

"Hey, Song Weiyang is here too!"

"..."

Song Weiyang went directly to the side seat and sat down, leaving the home court to Ding Ming.

Ding Ming made an opening speech of thanks, and quickly turned to the topic: "The Internet is a world, a virtual world outside the real world, which will shorten the distance between people and between countries. And the Sogou search engine , was born for this purpose. You only need to enter keywords and click to quickly find your target in the online world. In reality, you need to know some knowledge, and the first choice of ordinary people is to search for encyclopedias. But encyclopedias are too expensive. Take the "Encyclopedia of China" as an example. There are 10 volumes in the set, each of which is very thick, adding up to more than 100 million words. Even if you buy a pirated version, you will have to spend hundreds of dollars. Moreover, It’s very inconvenient to carry, you can’t go to work with a full set of encyclopedias, right? Now that the benefits are coming, Sogou has recruited 50 more employees during this summer vacation, dedicated to implementing the ‘Network Encyclopedia’ project!”

Interesting.

The reporters finally showed some interest. They are writers and are more sensitive to encyclopedias.

Ding Ming pointed to Song Weiyang: "Please ask Mr. Song, a typist, to demonstrate."

Amidst the chuckles of the reporters, Song Weiyang entered the keyword "Confucius", and the first search result of Sogou search was the encyclopedia of Confucius.

As the mouse was slowly pulled down, the reporters saw the content through the large digital screen, including Confucius' introduction, life, achievements, evaluation, etc., the content was very comprehensive and detailed.

Ding Ming smiled and said, "As of yesterday, Sogou Encyclopedia has collected 12,000 entries, and our plan is to collect 500,000 entries within this year!"

Thanks to the country and the government, it not only convened more than 20,000 experts and scholars to compile the "Encyclopedia of China" over 15 years, but also made it into a CD-ROM e-book last year. The staff of the Sogou Encyclopedia project team only need to copy and paste, and directly move the "Encyclopedia of China" to the Internet.

Ding Ming continued: "Sogou Encyclopedia not only contains the content of traditional encyclopedias, but also has more popular and fashionable things. Typist Mr. Song, please demonstrate."

Song Weiyang entered the keyword "frog" casually, and the reporters quickly discovered that there were different options for this entry, one of which was called "Internet slang": Frog originally refers to a kind of amphibian, and it is usually used for some bad-looking people on the Internet. Boys are called frogs by girls.

Ding Ming said with a smile: "Many buzzwords and popular words cannot be found in the encyclopedia. If you want to know, you only need to use Sogou to search the encyclopedia, and you can easily get what you want."

The reporters finally got excited. They belonged to the group of people who most needed information. Sometimes, due to interlaced lines like mountains, very simple knowledge points have to be specially consulted with scholars, which is time-consuming and laborious, and may delay the publication of the manuscript. If Sogou's online encyclopedia project can be successful, it will be so convenient to write articles in the future, just search it with a computer. Even for the content in the encyclopedia, it is more convenient to use a computer. You don't need to look up the index slowly, after all, there are more than 100 million words.

Ding Ming said: "Sogou has launched a general account, and as long as you register an account, you can use all Sogou products. For example, Sogou blog, if the click-through rate of a blog reaches a certain value, we will reward the user with points. Similarly, we also Calling on many netizens to write online encyclopedia entries together. As long as you find that you can’t search for this entry, you can write it yourself. As long as you pass the review, we will reward you with certain points. These points are useful. As for what it is useful for, we will tell you later.”

This is even more reliable. Now that the number of Chinese netizens is close to 20 million, even if only one in a thousand participates in editing entries, it can quickly enrich Sogou Encyclopedia.

There were several reporters at the scene, and they tried to search for entries after returning home. Once you find something missing, edit it by yourself immediately, and then happily accumulate Sogou points, with a sense of excitement in your heart to participate in a big network project.

If there is any news worthy of attention in this cold winter of the Internet, it must be Sogou's "Network Encyclopedia" project.

Once it was reported, it immediately caused a sensation, and many netizens joined in spontaneously.

After many years, people who are familiar with the Internet regard the Internet Encyclopedia as commonplace, but it is difficult to imagine the shock when it first appeared.

The foreign Wikipedia was mentioned by Time magazine in 2006, and it was listed alongside Youtube, Faebook and MySpae, which shows the great influence of Internet encyclopedias.

But now, Wikipedia has not yet appeared, and Sogou Baike was thrown out by Song Weiyang in advance, and it is the only thing in the world.

If it were a year ago, only one "Sogou Encyclopedia" would be worth an investment of 50 million U.S. dollars. I don't know how many investors rushed to spend money.