Rebirth of the Wild Age

In a tea room in Rongcheng International Convention and Exhibition Center, five people, Ma Xiaoyun, Xiao Ma, Ding Sanshi, Zhang Chaoyang, and Ding Ming, gathered together. They were all bosses of an Internet company in which Song Weiyang held shares.

"Xiao Ding, I just listened to your special lecture and found your encyclopedia very interesting." Ma Xiaoyun said while pouring water from a teapot.

Ding Ming smiled and said, "Old Song's idea."

Song Weiyang shook his head and said: "In the United States, someone proposed an idea several years ago, but it has never been implemented. Because venture capital institutions only focus on portal websites and have no interest in online encyclopedias, they have been lacking funds to expand their scale. This year Wikipedia has also appeared in the United States, which may be the benefit of the bursting of the Internet bubble, and there will always be good things out of the big waves.”

Brother Xiaoma suddenly asked: "How to make money on the Internet encyclopedia?"

"It doesn't make money," Ding Ming explained, "but it has greatly increased the utilization rate of search engines, which can be regarded as attracting traffic to search engines. Now we mainly make money by selling search ads."

Ding Sanshi couldn't help asking: "Has Sogou Search achieved a break-even balance?"

Ding Ming said with a smile: "Since last year, more and more companies have started to create corporate websites, and search ads are also selling well. Now the net profit is about 5 million per month."

"It's 60 million in one year!" Ding Sanshi couldn't help but marvel.

Ma Xiaoyun suddenly turned his head and asked Xiao Ma: "Does Tencent make money?"

Brother Xiao Ma said: "I have been losing money before, and I just achieved breakeven last month."

Zhang Chaoyang asked in surprise, "How did you do it?"

Brother Xiaoma said: "Monternet."

Zhang Chaoyang and Ding Sanshi were speechless for a moment. They were also engaged in Monternet business, but they couldn't compete with QQ, a big killer.

In order to develop Montnets business, China Mobile promised to distribute 85% of the SMS value-added revenue to its partners, so major websites began to cooperate with China Mobile one after another. However, as early as March this year, QQ has already dominated this field, accounting for more than 50% of the business volume since the implementation of the "Monternet Project" by mobile companies.

In other words, the most profitable business in the cold winter of the Internet, Tencent directly took half of the share with QQ.

This data has not been made public yet, but Zhang Chaoyang and Ding Sanshi can imagine it, because they also use QQ sometimes, and they know how convenient it is.

Sohu and Netease are like a pair of brothers and sisters who have tried various methods but can't make money. Coupled with the same tragedy of Sina, the three major portals are now constantly comparing who will lose the least. Zhang Chaoyang glanced at Ding Sanshi, and said angrily, "Why do you still have time to come to Rongcheng to attend the forum? Have you already negotiated with Cable Broadband?"

"Okay." Ding Sanshi smiled.

"Congratulations!" Everyone hurriedly congratulated.

Song Weiyang has no personal shares in Netease, but Jinniu Capital invested spontaneously. Now NetEase loses more than Sohu every day, which makes the big and small shareholders worried, so the shareholders urged Hong Kong City Cable Broadband Company to enter the market for acquisition.

Song Weiyang can't stop this kind of thing, because Jinniu Capital is not the major shareholder of NetEase.

Why does everyone want to congratulate Ding Sanshi?

Because Ding Sanshi started the company very conservatively, after several rounds of financing and listing, he still holds more than 50% of NetEase shares. As for Hong Kong Cable Broadband Company, this time it wants to buy NetEase in a package. Except for Jinniu Capital, other companies are willing to sell their stocks. Ding Sanshi is also willing to sell. As long as the transaction is completed, he will get more than 40 million US dollars in cash at the cost of directly clearing his shares in NetEase.

Song Weiyang didn't know the details, and he didn't know whether there was this negotiation in another time and space.

But when the relevant news came out a week ago, Song Weiyang still paid attention to it a little bit, and then began to sit firmly on the Diaoyutai.

Hong Kong City Cable Broadband acquired NetEase not because it wanted to be a portal website, but to use NetEase as a platform to develop broadband access services in the mainland, and even wanted to enter the cable TV network in South China.

The reason why Song Weiyang sat on the sidelines and watched the excitement was that on the day that Cable Broadband announced its acquisition intention with NetEase, its US stock price plummeted by 20%, and its Hong Kong City stock price plummeted by 15%. In the next few days, the company's stock prices in the two places have continued to fall, and it has not been able to drag NetEase's stock up.

Just the news that the acquisition intention has been reached has caused the stock to fall crazily, and the actual signing of the contract will not explode? Unless the shareholders of Cable Broadband Company are traversers, or determined to enter the mainland market, it is impossible to complete this transaction.

After drinking tea for a while, everyone dispersed, and Ding Sanshi went to Song Weiyang alone.

"Old Song," Ding Sanshi was in a very comfortable mood, and suddenly became very generous, "You have always said that you want to increase your shareholding in Netease. Before I signed a contract with Cable Broadband, I will sell you as much as you want. Compared with Cable Broadband The price over there is 3% lower.”

Song Weiyang smiled and said, "Haha, sell it, I don't plan to sell it for now."

Ding Sanshi was really about to sell. After leaving Rongcheng, he immediately started the final round of negotiations with Cable Broadband. The two parties finalized the details of the transaction very smoothly. Immediately afterwards, Netease's CEO and coo both announced their resignation, which is the basic operation of large-scale acquisitions, and the new CEO and coo will be appointed by i-CABLE.

When the news came out, everyone felt that things were done. Ding Sanshi thought the same way. Both the top and second leaders of the company had resigned, and he was just waiting to sign the contract and get the money to leave.

At the same time, Hong Kong City Cable Broadband's share price plummeted again, while NetEase's share price rose only slightly.

One night in mid-June, in a bar in Beijing.

This bar has been booked, the table is full of champagne, and there is a bouquet of flowers on the bar. Many of Ding Sanshi's friends, as well as high-level executives who hold NetEase stocks, are waiting here for the celebration party.

In the cold winter of the Internet when there is no financing and no one to take over, it is indeed something worth celebrating to be able to realize the stock of a listed Internet company.

"I'm coming!"

Before Ding Sanshi stepped into the bar, someone had already picked up champagne, and someone was holding up flowers to present to Ding Sanshi.

Ding Sanshi walked in dejectedly, his throat was dry, and he said in a hoarse voice: "It's messed up..."

"What's wrong?" the friends asked in surprise.

Ding Sanshi smiled wryly, "Cable Broadband has terminated the acquisition plan."

A veteran employee who held NetEase stock was stunned in disbelief, and then shouted: "How can this be done!"

Yes, how can this be?

You talked with someone about the acquisition, and all the details were finalized. They fired both the CEO and the coo, and you suddenly came to say that the acquisition plan was cancelled.

Three days later, Cable Broadband Company unilaterally announced the news, and Netease immediately confirmed the news of the breakdown of the negotiations. Ding Sanshi became the laughing stock of the industry because of this. He was too impatient and wanted to cash out his stocks. He fired the CEO and coo before signing the contract. I am afraid that there is no second person in the world who plays like this.

People say that if you don't see a rabbit, you don't let the eagle go. Ding Sanshi just let the eagle go when he saw a rabbit droppings.

The news made the cable broadband company's stock price rise by 5.6% in one day, because investors are not buying money-losing goods, and investors are also confident. However, NetEase's stock price hadn't risen much before, but after the acquisition negotiations broke down, it unexpectedly plummeted all the way, and Ding Sanshi and the shareholders couldn't help it no matter what.

Not only Ding Sanshi was unlucky, but also Wang Zhidong, the boss of Sina.

Wang Zhidong went to work in the company as usual, and was told that his Sina president, CEO, and director positions were wiped out before his butt was hot.

Every so often, 8848 chairman Wang Juntao announced his resignation. He was forced to leave because his correct development path was completely rejected by investors, which gave Alibaba a great opportunity to develop b2c business.

Of the five masters who participated in West Lake Discussion of Swords last year, two of them were lost directly, and one became a joke in the industry.

NetEase's stock price has almost fallen below $1 because of the ridiculous acquisition failure. In order to increase the stock price, investors and Ding Sanshi actually manipulated the mid-year financial report, and were directly suspended by Nasdaq. After finally waiting for the resumption of trading, its stock price plummeted to $0.64, and the stock trading volume has been zero for several months since then.

Duan Yongping called back from the United States and asked: "Old Song, the stock price of NetEase is so low. You have always said that you are optimistic about this company. How about I enter the market to buy the bottom?"

"Okay, let's buy the bottom together," Song Weiyang said, "but don't copy casually. We will first buy the shares in the hands of shareholders, then raise funds to increase Netease's funds, and finally buy back the shares from shareholders in the form of on-market buybacks." Take stock."

Duan Yongping said: "It will cost a lot of money."

Song Weiyang said with a smile: "Let's contribute a little money privately, and let Jinniu Capital contribute a little more. I'll find other friends, and I will do it together if I want to. If I don't want to, forget it. I will regret them after I make money."