Rebirth of the World’s Richest Man

Although the media reporters did not know the specific amount from Jiang Xiaobai, everyone could tell from the smile on Jiang Xiaobai's face that Jiang Xiaobai really made money this time.

Of course, the ones who faced the most media reporters were Li Yanhong and his team of Baidu executives. These are newly promoted rich people and the protagonists present today.

"Mr. Li, what do you think is the reason for Baidu's success? Why is Baidu able to achieve such unprecedented success?" The reporter looked at Li Yanhong and asked, using the adjective "unprecedented".

It is indeed an unprecedented success, because Baidu has directly refreshed the record of foreign companies listed on Nasdaq, so using the word unprecedented is not an exaggeration at all.

Li Yanhong's face was full of excitement. Yes, it was indeed unprecedented. He created a history.

"I believe that the reason why Baidu can achieve today's success is inseparable from the help of investors and the support and trust of the majority of users. Of course, Baidu's success is also a contribution to our long-term efforts. For sure..."

Li Yanhong talked in front of the camera with a smile on her face.

"Mr. Li, I am a reporter from the Wall Street Journal. I would like to ask, what does Mr. Li think is the reason why Baidu was able to set a new record for the first day of listing for foreign companies on the Citi stock market on the first day of its listing?"

"Today's Nasdaq, the two most popular terms are China and search, and our whiteness happens to occupy both..." Li Yanhong said lightly.

At this moment, the giant wheel is flying by, bringing about a new era.

Of course, Li Yanhong faces not only praises, but also some doubts. Some people think that the current stock price of Baidu is too high.

Last year, Baidu's revenue was more than 14 million US dollars, and its current market value has reached 279 times its revenue. This number is too high.

As for its fellow search company, Google's current market value is 26 times its revenue last year.

The market value of Baidu must be exaggerated. Regarding these questions, Li Yanhong dealt with them vaguely because he didn't have a good answer in mind.

Because this answer was not in his consideration. He had never thought that the stock price would rise to this extent. In his opinion, if it could be $40 or $50, it would be about the same.

Otherwise, he would not have negotiated with the underwriters to set the issuance price of the stock at twenty-two dollars per share.

You must know that this issuance price is very influential to Baidu Company. Baidu's listing must raise funds for development. With so many publicly issued stocks, they are issued at a price of 22 yuan per share. We went out and raised 100 million US dollars in development funds. If we issued it at 40 yuan per share, we could get 200 million US dollars in development funds.

If it's $60, that's 300 million in development funds, so the issue price has nothing to do with shareholders like them, and it won't affect their worth.

But it will affect the share of funds Baidu can raise.

Of course, the higher the price, the better, but Li Yanhong didn't have this confidence before.

So when faced with reporters' questions now, whether the valuation is too high, Li Yanhong actually feels that the valuation is too high, but can this kind of thing be said?

He definitely can't say it. If he dares to say now that Baidu is overvalued, the stock price will fall at the opening tomorrow, so he can only deal with it vaguely.

Needless to say, the atmosphere at the celebration party in the evening could not be more lively. Similarly, at this time, Nasdaq news also began to spread in the country.

Even the news about Li Yanhong and others being interviewed has been spread back to China. The big guys in the Internet industry who had been paying attention in real time before had already received the news, but now it has been spread throughout the domestic shopping malls.

Another company with a market value of several billion US dollars and a founder worth several hundred million US dollars was born. Previously there was Cheng Tianqiao from Shengda Games, and now Baidu's Li Yanhong is here.

Since the Internet bubble, traditional industries have felt that the Internet industry is no longer viable and the sun has set. This is no longer reliable. How can doing business be so simple?

In just a few years, not only the company can be listed on the market, but also the market value can reach several billion, and it is still in U.S. dollars. If converted into domestic terms, it would be tens of billions.

Are you kidding? What have Internet companies done? Needless to say, how many assets do they have? How many employees do they have? Why is the company worth so much money?

Take Baidu as an example. Currently, Baidu has less than a thousand employees. In the domestic real industry, if there can be a company with a market value of one billion, it will not have tens of thousands of employees and a lot of fixed assets. Only then is possible.

How can it be so easy? It can be launched easily in two or three years.

It’s a bubble, it’s not going to work now. As a result, the bubble in the Internet industry has just passed, but it has stood up again. Companies in the Internet industry have begun to go public one after another in Citigroup, and they have begun to become popular.

The market value is nearly 4 billion U.S. dollars. If converted into domestic money, this is almost a market value of nearly 30 billion. What is the concept of 30 billion? Most of the domestic real industries have been in business for more than ten years. None can reach this level.

As a result, in just a few short years, Baidu has created another miracle.

And Li Yanhong's net worth is more than 100 million US dollars, which makes a bunch of real estate bosses envious.

Even the eyes are red with envy. They are still worried about the share-trading reform. As a result, the Internet industry is better. It can be directly listed abroad and how many shares can be exchanged for how much money.

Moreover, it is worth 900 million U.S. dollars. With this net worth, in the domestic shopping mall, not to mention ranking in the top five, at least it can be ranked in the top three. How can this not make people jealous?

The key is that the success of this Internet industry always gives people the feeling that it comes too easily. It is obvious that there are no assets, but an Internet website can be so valuable.

Suddenly, there was a lot of rumors about Baidu's listing on Nasdaq.