Reinventing the Millennium

A phone call from Mr. Fang made Wang Fengyi worried.

Penguin shares are an important asset of Shenxin Science and Technology.

As of today, Shenxin holds 14.46% of Penguin's shares, worth more than US$3 billion.

Wang Fengyi is able to achieve his current reputation because, first, he decisively accepted 20% of the shares of idg and Li Zekai, and second, he successfully joined the Yike Group.

These two important investment decisions are inseparable from Mr. Fang.

Now, Mr. Fang has given an obvious signal. The problem is that judging from the current development momentum, Penguin's future is also great.

Wang Fengyi had previously made bold statements when Mr. Fang was investing in social platforms, selling Penguin shares and building PC communications, but that was more about boosting morale and showing determination, which was rather empty.

Including the judgment of his counterpart during that time, he also used various methods to intimidate Penguin. In the end, he sold Friends.com at a good price and reincarnated into a vibrant Weibo.

But this time...

The less Mr. Fang talks, the more serious the matter becomes...

Wang Fengyi felt that even half of the wine he drank had lost its taste. He left the show in a hurry and went home alone to meditate.

He barely slept that night, and he spent a long time in the office the next day. Afterwards, he held an impromptu meeting and asked everyone to talk about their views on today's giants, focusing on Penguin and Yike.

Towards evening, Wang Fengyi asked the team to issue a more professional analysis report.

Two days later, he looked through the documents on the table. There were sufficient arguments and detailed data, but Wang Fengyi was still very disappointed.

When he finished smoking a cigarette and looked at the documents on his desk, he suddenly realized that it wasn't that his group of people couldn't do it, it wasn't that they weren't elite enough, it wasn't that they didn't have industry experience, it wasn't that they were too high-end this time.

What's the situation now?

It is a change in the industry and even the times, and it is a collision between the most dynamic giants in the country.

Mr. Fang’s words are a signal, his judgment, and his confidence. But in other words, at the level of Mr. Fang and Mr. Ma, can they not have confidence in themselves and the company?

Confidence is subjective, status quo is objective.

Wang Fengyi was sitting in the general manager's office of Shenxin Technology Innovation, feeling the wave of the times hitting his face fiercely. What does mobile Internet mean? How much change can it bring to the present?

One cigarette after another, after a long time passed, the thoughts about Yi Ke and Penguin faded away in his mind, and instead, Baidu came to mind.

Judging from the news received so far, Baidu seems to have no intention of providing more mobile Internet resources. If the mobile wave really breaks out, wouldn't it be a bit like Nokia and Sony?

Both Nokia and Sony are in a bad situation now. These giants have deep-rooted experience within them, and no one can let go of the successful path in the past, which has led to the current decline.

What kind of development will Baidu be like?

With this in mind, Wang Fengyi called Xiong Xiaoge and wanted to discuss future development with his peers.

When Xiong Xiaoge received a call from Wang Fenggou, she thought he was looking for trouble for the financing of Zhihu. Unexpectedly, after a few words of chatting, they actually talked about the development of mobile Internet in a serious manner.

Moreover, the conversation turned out pretty good.

"Mr. Xiong, what do you think will happen to Yike's PP this time?" Wang Fengyi asked politely.

"This has been tested. It is a foregone conclusion that Yike will enter the communications field. We will see what changes will happen to Penguin later." Xiong Xiaoge also did not hesitate to share his views, "Yike will obviously start with the acquaintance system this time. I have to say , it’s really... really miraculous in reading the address book.”

He continued: "Text messages cost money, but PP is free. Calls cost money, but PP is free. This will definitely attract a large number of users, and then rely on the address book to spread."

Who to text and call? That's for acquaintances in the address book.

With such convenience, Yike is definitely willing to invest resources. Therefore, Xiong Xiaoge was willing to invest in this project when he first tried Yixin PP.

It's a pity that Mr. Fang won't let go of this piece of fat.

Xiong Xiaoge said this and suddenly asked: "How much money did Yi Xin raise from you?"

"Huh? No, there is no news about Yixin's financing. Mr. Fang never said anything." Wang Fengyi frowned. This is Mr. Xiong's cliché.

Xiong Xiaoge said suspiciously: "Really?"

Wang Fengyi sighed: "It's absolutely true."

Xiong Xiaoge felt something was wrong with Wang Fengou, and for a moment he didn't know what the problem was. After thinking for a few seconds, he said: "I am optimistic about the development of Yixin. How can I get a share of Penguin's pie in the communications field?"

"Just share a cup?" Wang Fengyi said with a smile.

"What else? Penguin is still very strong. You, the shareholder, should know it. I think it will have a rising period in the next two years. From the perspective of international Internet companies, our domestic market still has obvious expansion..." Xiong After Xiaoge said this for a while, a thought suddenly popped into his mind, and he suddenly asked, "Is Mr. Fang trying to pull you into a match?"

Wang Fengyi was a little bit dumbfounded by Mr. Xiong's jumping-up thinking, and replied in a fake tone: "Do we have to talk about Mr. Fang? Can't we talk about industry trends?"

However, the direction in which this bear always jumps is indeed not bad.

If Mr. Fang officially enters the communications field, then his selling is tantamount to an attack from the financial field... It is not just Mr. Fang who instructs him to sell on highs.

Moreover, if Shenxin Science and Technology wants to sell Penguin's stocks, it must also comply with the Hong Kong stock reduction rules and must reduce its holdings multiple times.

"It's not that we have to talk to Mr. Fang, haha." Xiong Xiaoge smiled sarcastically at the phone. The thoughts in his mind turned quickly and he joked, "It was you who called me suddenly. I thought Fang I always ask you to sell Penguin stocks."

Wang Fengyi: "..."

He swallowed unconsciously.

There was five seconds of silence on the phone.

Xiong Xiaoge was immediately shocked and said: "Isn't it? Isn't it? Really? Mr. Wang, if you sell the stock, you will have money. Hurry up and invest in Zhihu!"

Wang Fengyi: "..."

This guy with the surname Xiong really deserves it. Don’t blame Mr. Fang for treating him like that!

"It's not stocks, I'm just thinking about future development. As you know, Shen Xin owns Penguin shares." Wang Fengyi still denied the matter.

"Of course I know, you bought it from me." Xiong Xiaoge said angrily, "It's hard for me to give you an opinion on whether to sell the stock or not. If you have money, remember to come to me. Let's find a good project to invest together. Yike and I don’t know how competitive Penguin can be. There will definitely be many projects in this wave of mobile Internet development.”

Wang Fengyi sighed, if you don't give me any advice, then what's the point of talking about it.

He ended the call without interest.

This decision is too important. Unlike the last time I sold Yike stock, if I was not careful, I would be talked about by the industry for a long time and become a negative teaching material.

Well-known Chinese investors could not calm down for a long time while sitting in their offices.

Two days later, when Wang Fengyi was still thinking about the competition between the two giants, he received another call from Mr. Fang.

"Brother Wang, come here, there is a good project here."

Wang Fengyi received the invitation and went to Hang Lung 23.

When he arrived at the familiar Yike President Office, there was already another guest here, also an angel investor he knew, Lei Jun.

"Mr. Lei, don't you need me to introduce you? This is our Eastern Buffett." Fang Zhuo smiled and said to Mr. Lei when he saw Brother Wang, "He is also the God of Wealth I found for you."

Wang Fengyi nodded to Lei Jun and exchanged pleasantries with his colleague, thinking they were going to make a joint investment.

In the past few years, there have been large and small cooperations between Shenxin Technology and Yike. In addition to Bingxin-level investments, some small and medium-sized projects have also been united, such as the Android manufacturer Kesheng, which is the company founded by Ni Runfeng. That's it.

When Fang Zhuo saw this, he knew that Brother Wang had not seen it, and said with a smile: "Mr. Lei came back from the United States for inspection, and there is a group buying project that I approve of, because it is expected to require a lot of investment. I thought, if there is no Oriental Buffett to pressure me, The cabin stone is not confident enough."

Lei Jun heard the praise of "Oriental Buffett" and the evaluation of "Ballast Stone" from Mr. Fang twice, and he couldn't help but stand in awe. In the past, it was just a nod, but now it seems that Mr. Wang is completely different from the rumors in the industry.

Sure enough, even if the bandit's nickname is "Wang Fenggou", it is not something that can be done casually.

Wang Fengyi looked at Lei Jun with some surprise. He knew that this angel investor did not have a professional team and was a bit similar to "hot money". He was originally from Jinshan. He didn't know what project could be highly recommended by Mr. Fang.

"Mr. Lei, forgive me for my blindness, I just thought we were going to jointly meet with the project team." Wang Fengyi shook hands again, "Mr. Fang said it was a group purchase project. I don't know what the group purchase method is?"

Lei Jun became energetic and immediately talked endlessly about his experiences in the United States and his thoughts on the domestic market.

Ever since I confirmed that I wanted to make rice dumplings and left Jinshan, all the depression that had been hidden in my heart had dissipated. Regardless of whether I could succeed this time or whether I could chase the light of my career, I had to try my best first.

Most of Wang Fengyi's attention was on Mr. Lei, and the other half was on Mr. Fang's face, who was drinking tea over there.

Mr. Lei talked non-stop, and Mr. Fang drank tea and nodded from time to time. He didn't know whether he agreed with Mr. Lei's words or whether he was satisfied with the contents of the document in front of him.

"This model of using the Internet to connect users and merchants is quite interesting." Wang Fengyi digested it for a while and gave his own evaluation. "I suddenly thought of Tesco. Tesco's development model is quite important, and its warehousing and logistics are very important. It costs money, but this group purchase is quite light.”

Fang Zhuo behind the desk raised his teacup: "Brother Wang is right."

Wang Fengyi smiled. The model is quite new, and there has been initial success verification in the United States. It is this team... Mr. Lei in front of him looks honest and friendly. He seemed to have struggled in Jinshan in the past... Can he lead this kind of business? ?

He turned around and asked Mr. Fang: "Mr. Fang, what is the expected investment valuation of this rice dumpling?"

Fang Zhuo didn't want to steal the limelight on this occasion. He glanced at Lei Jun and said with a smile: "I'm also discussing with Mr. Lei to see how to invest and what the ratio is."

Lei Jun is very determined to start a business this time, but because he particularly wants to pursue success, he pays special attention to the experience of successful people. He doesn't care about others. Mr. Fang is like this. He is very willing to listen to ideas.

"Mr. Fang, Mr. Wang, I want to keep more of the company's option pool, so that more employees can participate and stimulate enthusiasm."

"The group buying model is good, but the threshold is really not high. If Mi Tuan can achieve good results, I feel that many people will flock in, so I think this financing will establish a stable institutional relationship."

The project is not started yet, but the funds go first.

Lei Jun is not an ordinary entrepreneur. He has free personal wealth and a lot of investment experience. While building a team now, he also wants to lay a good foundation for institutional shareholders in the future.

"Are Yike and Shenxin a bit short?" Fang Zhuo said with a smile, "Mr. Lei, let's convince Brother Wang first. With the ballast stone, other institutions will be easy to find."

Upon hearing this, Lei Jun nodded and said the plan: "15% of the option pool, 35% of the financing ratio, 50% of the shares owned by myself and the team, and the valuation... Although the project has not started yet, I think US$50 million is within a certain period of time." These are reasonable valuations over time.”

Wang Fengyi raised his eyebrows slightly. He was quite confident in setting a valuation of 50 million based on a group buying model.

Again, if Mr. Fang were to do it, he would vote without hesitation. Mr. Lei's past performance... is now a bit cross-border.

Wang Fengyi looked at Mr. Fang.

Fang Zhuo pondered for a while: "The more you value the valuation, raise more money this time, the foundation will be laid first. Since Mr. Lei also thinks that the industry will attract many competing teams, then be bolder."

He lamented: "The times are different now. It's time for the market value of giants to exceed 20 billion or 30 billion US dollars. When combined, it is no longer tens of millions."

This exclamation immediately blew up a heavy whirlwind in front of Lei Jun and Wang Fengyi.

"Doubling it, and you're not afraid of Mr. Lei running away. Mr. Lei is different from ordinary people in starting a business. This time he also invested real money." Fang Zhuo said with a smile, "The financing ratio is like this, and the valuation is calculated as US$100 million. Mr. Lei, Can you get so much here?"

If the valuation doubles, the founder Lei Jun will also double his own money. But if the project is really not completed, the freedom of wealth may shrink.

Lei Jun only hesitated for a moment and immediately agreed: "No problem."

"Okay, let's talk about the allocation of 35% of the financing. If Shenxin or other institutions are not willing, then Yike will invest by itself. Don't worry about this. The same goes for subsequent investments." Fang Zhuo promised.

Seeing this, Wang Fengyi said: "Mr. Lei dares to invest his own money, and Mr. Fang is so optimistic. If Shen Xin doesn't invest, he will live up to the good intention of coming here, no problem."

A smile appeared on Lei Jun's face. This is Buffett from the East. It's a good fortune.

At noon, the three of them chatted for a while while eating, focusing on the development of Groupon in the United States.

Wang Fengyi had something on his mind, and he felt normal after hearing about a promising project.

After seeing Mr. Lei off, he hesitantly asked Mr. Fang before getting in the car: "How is Yi Xin doing this time? Can it develop in one fell swoop?"

Fang Zhuo knew what Brother Wang was asking and said with a smile: "It's only 2%, don't be nervous."

According to the reduction of Hong Kong stock holdings, if a new application is reduced by 2%, the time will be locked.

Wang Fengyi took a breath, looked at Mr. Fang's calm expression, and took a gamble.

If you win the bet, you will be the number one investor in China. If you lose the bet...if you lose, you will switch to Yike!