Reinventing the Millennium

Unlike the last time when Du Ji's "resignation" caused a small rebound in the stock price after the stock price fell, Du Ji's "personal and family reasons" this time seem to be more worrying than imagined.

The lowest point in 21 months is not the end. The market value of Duji will soon reach 35 billion US dollars.

Product reputation, competitive pressure, personnel shocks, and Sogou's latest countercurrent PC have all come together to detonate the secondary market.

On May 7, NetEase Finance interviewed a former employee who recently left Duji and revealed the recent internal status of the company.

"To be honest, everyone misses the comfortable days of the first two years. The pressure brought by Yike has changed a lot of things."

"How should I put it? There must be more or less problems within the company, but without Yike's constant pressure from the outside, the public opinion will definitely not be so fierce this time. Yike's pressure is like a fuse, internal problems Like gunpowder.”

"The gunpowder may explode if it accumulates, but without a fuse, it will not explode in such a short period of time."

"For example, Li Mingyuan, I feel that some people thought they had an opportunity and took advantage of the attention of Yike from outside. Intentionally or unintentionally, they used it as a knife to combine the inside and the outside, and then... they got away with it. Well, maybe they didn't get away with it. Who knows? Did you get what you wanted?”

"It's just like Yike. A similar thing happened to Yike. Didn't Chen Weixiang, its vice president in charge of supply chain, also happen before the structural adjustment and the increase of seats on the board of directors? I don't believe it. It just happened to be unbiased at that time. Yes, Du Ji is doing the same thing this time."

"Perhaps we have been comfortable for too long, and now it's a bit confusing to compete with Yike. The last time we really competed was with our peers, but Yike has a feeling of multi-dimensional competition, which makes us... don't know how to compete, anyway. , that’s the emotion I felt.”

"A while ago, the higher-ups were trying to work fast and slow. There was a significant speedup in March. However, I was talking to my former colleagues two days ago and I was a little confused again."

"From the business and personal perspectives that I am responsible for, Yike has completed the overall outline of the competition this time."

"On the one hand, Sogou has been fully developing the mobile terminal in the past few years and has captured 30% of the market. Last year, it joined forces with other companies to build an ecosystem. This is Yike's long-term development. On the other hand, Sogou is accelerating its transformation at Duji, even at the expense of the PC experience. When users complained, Sogou came out to kill them. This is not long-term, this is now!!"

"Sogou's current PC development is tantamount to attacking Duji's base camp. The repercussions of this matter in the company are actually quite large, but you don't know it."

"Yike has always claimed that mobile Internet is a sunrise industry, making PC seem to be a sunset industry. But in fact, mobile is growing very fast, and the PC market is still very high. It is also growing year after year, but the growth rate is not as good as that. .”

"Looking at Sogou's posture and choosing it at this point in time, it is obvious that this point has not been ignored strategically. Yike's long-term competition is just a misunderstanding. Is Yike slow? It has never been slow, and it is not intended to be left to Du Ji. Space where the fast beats the slow.”

"Now it's a bit difficult for Du Ji to decide whether to insist on moving the PC or to cancel the original action. Both measures seem inappropriate."

"As for the higher-level strategic game between the two sides, I don't know."

"There is another secret that is not a secret. Whether it is Wang Zhan who left or Xiang Hailong who is slightly better than Wang Zhan now, they have no financial power in the company. Many finances have to go through the hands of CFO Li Xinzhe, and then she will When reporting to Robin, sometimes there are some obvious contradictions.”

"Hey, I don't know what other companies are like. Duji is really a bit complicated."

"Hey, Du Ji's comfortable days may really be over."

"Hey, I better wish Duji to keep making progress."

This report by NetEase Finance did not show the name of the interviewee, but when he was transferred to Moments, many people judged that this person’s level was not too low, and his level of yin and yang was also good. In the end, he took Yike " Keep up the progress" slogan to wish his old club.

It was two days later that Fang Zhuo heard part of the interview from Teacher Xiao Su when he was playing with his son in the morning.

"Is Sogou's 'I'm Coming' the name of the project you personally gave it?" Su Wei asked.

"Sogou's PC is determined in advance. There is competition between the two sides. How can we not go for the key points? Duji also spends a lot of money on the mobile terminal." Fang Zhuo tempted his son to scratch his fingers and saw him giggling. He smiled and said, "I didn't come up with the name. You don't have to think about it. It must be Qi He."

These three words came from the phone call between himself and Robin. There were several people present at the time, but needless to think, 99% of it was Qi He.

"Qi He has a strong sense of presence recently." Su Wei commented simply.

"The cloud business in Europe has been handed over to Zhang Yaqin. He was originally responsible for YMS, which has the most complex business in China. This time he was particularly enthusiastic about Shangduji." Fang Zhuo thought and was caught by Fang Xiaoman, "The competition with Duji later will be That is to say, he takes the lead."

Su Wei asked with a smile: "Can he make further progress?"

"How come it's up here?" Fang Zhuo slowly pulled away his fingers and looked back.

"Xiao Man, Xiao Man, look at your dad, take a good look at him. His expression now is the awakening moment of a powerful creature. Don't chat with your dad like this in the future." Su Wei spoke to her son.

Fang Zhuo had no choice but to realize this new channel of dialogue with himself recently.

"Look, they are all quite motivated. Let's get their business done first, and then we'll see what happens." He pondered for a moment, "They haven't moved on in their positions in the past few years. They've changed jobs. They are all under their control, so it is stable and we will have a special period of development."

Just as Fang Zhuo was about to continue speaking, he felt his phone vibrating in his pocket. He took it out and looked at it, and said with a smile: "Personnel shocks are personnel shocks. Duji has reacted very quickly this time. How do you think it will cope with Sogou's upstream trend?"

Su Wei took a serious guess: "Has the PC page been optimized?"

Fang Zhuo announced the answer: "No, Du Ji allows you to turn two more pages before playing the prompt."

Su Wei was slightly shocked. She neither canceled nor followed through. She chose a compromise method. How to evaluate this...

She could only say: "I have to thank Duji for his gift. This decision is quite typical of Duji."

Fang Zhuo laughed: "Sogou seems to be doing well on PC this time. Now it's time to see when it can break through a critical point."

Su Wei talked about the last news: "Ma Dongmin returned to Duji as Li Yanhong's special assistant, and also took on the group's strategic investment work. This is quite interesting."

Fang Zhuo said "hmm" and said thoughtfully: "I have many investment friends, and I would welcome Du Ji to do this work."

He thought for dozens of seconds and suddenly shouted: "Hi, Siri."

Mars in his hand was awakened and responded: "I am here."

"Open the door, I'm going to work." Fang Zhuo gave the order.

Siri replied: "Okay."

A few seconds later, the door opened. Liu Zonghong was waiting outside with no expression. He was already used to this scene.

Su Wei pursed her lips and smiled, feeling that Fang Zhuo was quite arrogant at this time every time.

Smart home is a focus of Yike's March press conference, and it has launched cooperation with some home appliance brands. However, the equipment at home is willing to try new things and in-depth customization. Many functions are interesting but also tasteless.

She reached out and picked up her son. It wasn't long before she returned to Tesco.

…

The records are still disturbing.

Because many of its businesses are in direct confrontation with Yike, Yike's internal summary is also very fast.

Fang Zhuo usually doesn't look at things very much, but when he arrived at the office today, he tried out Xiaduji's search and Tieba products as an ordinary user, and then he felt relieved.

Without mandatory reminders and jumps, it would be difficult to complete the KPIs for various departments in Duji to switch to mobile, so we came up with such a response that can be explained from top to bottom.

Fang Zhuo briefly read the YMS report. Because of the return of the proprietress Duji, he thought of a friend named Xiong who was left behind in Tokyo.

That friend who holds shares in Duji, how are you doing?

After all, Fang Zhuo is a person with a warm heart. He took the time to call his friend while the arranged matters were not in hand, and gave him a full greeting in the first sentence.

"Old Bear, have you cut off the meat?"

Xiong Xiaoge didn't even say basic greetings, and almost threw away the phone that was transmitting the devil's whisper.

He still has some Duji shares in his hand. He had talked with Mr. Fang last time. At that time, the man said that it would rebound in the long run. Therefore, even if Duji rebounded slightly in March, he did not take action. The record blew up and the stock price became even more depressed.

"Didn't you say that Duji can run away in the long run?" Xiong Xiaoge asked.

"I still have this view now." Fang Zhuo said.

"You didn't even mention Sogou's attack on PCs." Xiong Xiaoge was quite resentful, "In the long run, can it really rebound?"

"I didn't expect that Duji would collapse from within this time. Besides, can Sogou's business secrets be disclosed to you, a shareholder of Duji?" Fang Zhuo answered the question head-on again, "I think so."

Xiong Xiaoge confirmed again and again: "Is it really possible? What if there is no rebound?"

Fang Zhuo said matter-of-factly: "That means my point of view is wrong."

Xiong Xiaoge couldn't help but give a thumbs up in the air: "You are awesome."

"I'm not a god." Fang Zhuo added, "Besides, it's not my money."

Xiong Xiaoge had to remind: "I am holding the money of some rich man in Tokyo."

During this time, he has been living and dreaming in Tokyo, becoming good friends with SoftBank's Masayoshi Son and others. He has also conducted in-depth inspections of the situation of Japanese companies such as Nikon and expressed some positive views.

The financial fraud of major Japanese companies has far-reaching consequences.

At this time, there was optimism from China's number one investor. Xiong Xiaoge was very popular with the Japanese government and the public, and his biggest goal here was to lobby Nikon's lithography machine department and burst the PPT bubble.

Xiong Xiaoge participated in several Japanese financial programs, and the response was good. He planned to use this as a final platform for anger to help stir up the relevant situation.

However, just talking without doing anything is not enough. He got the European private equity money, lobbied Sun Zhengyi and others, and together with IDG, they jointly established a new Asian investment company.

Needless to say, European private equity funds are naturally funded by the wealthy surnamed Fang.

Fang Zhuo got the reminder, hesitated for a few seconds, and said: "Throw it away, it will be easier if you cut it early."

Xiong Xiaoge's blood surged instantly: "You..."

"There are risks in the stock market. I thought about it this time. The risk is indeed quite high this time. If you make less money, why not invest elsewhere in time? There are some good companies in our mobile ecosystem, and you can join us." Fang Zhuo said sincerely said.

Xiong Xiaoge made a judgment and looked for a reference: "Wang Fengyi's Shenxin Technology Ventures will follow the investment?"

Fang Zhuo replied: "Follow the vote."

Xiong Xiaoge saw a suitable reference and finally made up his mind: "Okay."

"Remember to step back." Fang Zhuo gave advice, "You are just telling the truth anyway."

Xiong Xiaoge sometimes wonders how on earth he got mixed up with such people.

He replied: "Okay."

Although I agreed, there would be a trace of guilt flashing in my heart. Du Ji made IDG make a lot of money, but... there are people who can make IDG make more money, that's all, a small step does not count as a step.

Xiong Xiaoge decided to cut the meat, and talked about what he saw in Japan: "When I went to Nikon to see the lithography machine, they all asked me if it meant what you meant. Your ice core meaning is also considered a passerby. Everyone knows it.”

This industry is actually relatively narrow, with only a few well-known companies. In addition, Xiong Xiaoge's identity as "Zuo Xiong" is well known to the world, so it is natural to guess his intentions.

"Well, there is nothing we can do. The restriction on ice core procurement was announced." Fang Zhuo was helpless. Ice core was turned on all over the server. Everyone in the industry knew what was going on.

"However, they did not refuse investment. I was vague and they laughed it off. As long as there is no problem with the procedure." Xiong Xiaoge said, "The problem is, how to expose their PPT production now? Is there any authority to speak in China? Sex? No endorsement."

"Those who are looking for ASML, Japanese giants have already committed fraud. If ASML is not authoritative, there will be no more authoritative one." Fang Zhuo said about the situation, "ASML is also short of money, and mass production of EUV is more difficult than planned. , but they don’t want my money.”

In order to promote the mass production of EUV, ASML, which is short of money, implemented a "customer stock ownership plan" last year and introduced investment from three customers. Intel invested US$4.1 billion, accounting for 15% of the shares, and Taiwanese invested US$1.4 billion, accounting for 5%. %, while Samsung invested 800 million euros, accounting for 3%.

When Bingxin learned the news, he actively responded to ASML's plan, but was still rejected.

"Let Bingxin contact Nikon and let you take the lead. If you want to invest, then talk to ASML. They won't be willing to see their competitors increase their strength."

“Nikon’s PPT is just the emperor’s new clothes.”

"There will be other media outlets that will follow up and make noise."

"We are just picking people up and we won't do anything too extreme."

Fang Zhuo has a plan.

"Xiong Xiaoge, Xiong Xiaoge, how did you get together with someone like Fang Zhuo?" Xiong Xiaoge said sincerely.

Fang Zhuo said gently: "Just think about it in your heart, don't say it out loud."