Reinventing the Millennium.

Chapter 328
Yi Ke unilaterally cooled down in the business negotiations with Sony Music.

This puzzled the folks at Sony Music.

For more than half a month in October, let's not talk about the passion for adultery.

Soon, they heard news that they didn't know whether it was true or not.

One, Yi Ke is said to have hooked up with Universal Music.

Second, Yike considers focusing on hardware products and is committed to consolidating the two huge markets of the United States and China.

Second, the president of Yike even holds a Nasdaq-listed company. This "Sina" company has performed well recently.

The first two pieces of news were misleading.

Sony Music tried to confirm the news with Universal Music and got completely different answers from the two executives. Regarding Yike's hardware strategy, this is not entirely impossible.

Both the U.S. and Chinese markets are in the development stage. The music copyright we are talking about now belongs to the future plan, and the current market is Yike's pressure on Apple.

Even if Apple completes a comprehensive music copyright layout, the process of Yike's hardware market from strong to weak can last for a year and a half.

Moreover, Yi Ke seems to have no opponent in China.

In addition, an Internet company that has been listed and has improved its performance...

When Sony Music kept cooling down at the same time, it was inevitable that the young president who only appeared in the first meeting would really give up the layout of software and hardware, right?
Sony Music did not pounce on it immediately, but kept observing, and soon found that the stock price with the trading code SINA continued to rise.

The dot-com bubble is gradually coming out of the gloom. Backed by the fast-growing market in the Eastern countries, Sina is known as "China's No. [-] portal website". Its third-quarter financial report seems to show that it has found a suitable profit model.

Sina Hotline, a wholly-owned subsidiary established in the second quarter of this year, successfully made efforts in the third quarter, earning higher value-added profits than advertising revenue.

Moreover, this business is not temporary, and there is still a lot of room for development.

This directly gave the stock market confidence.

新浪股票在十月份之前一直在1.4美元上下震荡，十月NO.17发布Q3财报之后，股价很快冲破2美元，接着在2.6美元徘徊一阵之后又一鼓作气冲到3.3美元。

On October 24, Sina's stock price corrected, closing at $3.1 on that day.

In just one week, Sina's stock changed from $1.4 to $3.1, a full 2.21 times the previous value!
The other two NetEase and Sohu, which are the three major portal sites, also announced their Q3 earnings during this period.

NetEase reported a net loss of $110 million in the quarter, compared with a net loss of $770 million in the same period last year.

Sohu's net income in this quarter was US$11.2, compared with the net loss of US$87 in the previous quarter, and it also made a profit for the first time.

Similarly, the capital market also responded to these two stocks. NetEase’s stock price stabilized at $1.6, while Sohu’s stock price once broke through $2 and then fell back to $1.9.

The share prices of the three major web portals have risen, especially Sina.

On October 25, after Sina's stock price stabilized, an internal open letter from the company's president appeared in front of all employees.

There are only two sentences in total.

"Sina's issue price is $17, and we will continue to work hard."

"The spring of the Internet is here!"

Fang Zhuo drove Duan Yongji away, and Fang Zhuo took over the position of president.

Sina's hotline is full of momentum, and Sina's Q3 financial results are impressive.

All those who paid attention to, cared about, ridiculed, and watched Sina's excitement a while ago have all seen the third quarter's financial report, and all have witnessed the soaring price of Sina's stock price.

This time, Sina, which has changed its rights, has changed from a low of more than 4000 million US dollars to a market value of [-] million US dollars.

More importantly, the Sina hotline is still developing vigorously, and the Q4 financial report under such circumstances will surely further stimulate the capital market.

Sina looks set to enter a positive cyclical upswing.

Ever since, the second sentence of the Sina CEO's internal open letter, "The spring of the Internet is here," spread quickly throughout the entire Internet industry.

Everyone knows Fang Zhuo's judgment, expectations are greater than doubts, respect is greater than ridicule.

As long as there are achievements, whatever you say can make people think carefully.

Sina's performance is better than that of its peers, and the president of Sina has also faintly changed from a "hostile takeover" to a "visionary" image.

Because of the increase in Sina's stock price, Zhang Chaoyang, the president of Sohu, thought that the drinking atmosphere in the capital was good last time, so he specifically called Fang Zhuo, wanting to gather another round and talk about this "Internet Spring".

It's a pity that other Internet people responded to the call, but Fang Zhuo, the president of the No. [-] portal website, declined the invitation, saying that he was abroad and would not be able to return to China for a while.

"Mr. Fang, your Sina situation is very good, what are you doing abroad?" Zhang Chaoyang complained that Xiao Fang always didn't give face.

"Hey, I'm cooperating abroad. It's very difficult." Fang Zhuo gave such an answer with some complaints.

The two sides are rather competing for patience.

Zhang Chaoyang didn't ask in detail, but at the Internet industry gathering at the end of October, even though Fang Zhuo, the young CEO, was not there, many people couldn't help discussing Sina's momentum.

On October 26, Fang Zhuo held a meeting in the office with some headaches to discuss how to stimulate the nerves of Sony Music.

In the end, he decided to try to restart the acquisition negotiations with Apple, so as to give Sony Music a strong medicine.

You want to suppress my valuation, right? You want more equity, right? Then I will stop playing, and let you take the music copyright in your hand to face Apple, which has acquired hardware rivals and integrated most of the copyrights.

Once Apple completes the acquisition of Yike, once Apple's companies finalize the licensing cooperation, Sony Music will be alone, and will completely lose its bargaining power.

Fang Zhuo didn't know how to choose Sony's concert, maybe if he really sat back and watched the negotiation between Yike and Apple, then he could only make another acquisition with Apple to break up.

He is now negotiating a win-win with a lose-lose intimidation.

This is an invisible competition that needs to test the vision, tenacity, and judgment of both sides, but the winner will be determined soon.

That night, Fang Zhuo received news from employees that Apple was willing to restart the acquisition negotiations and was happy to use funds to solve competition problems in the market.

If nothing else, Sony Music will receive the deliberately leaked news tomorrow or the day after tomorrow.

Fang Zhuo's thoughts wandered until the office phone rang.

"Mr. Fang, I heard that my daughter had some trouble with you. I want to ask Mr. Fang to do me a favor today. She must make an apology to you in person." The voice of Anliang Chamber of Commerce Li Taimao came.

"It's normal for customers to want to deliver profits. There's nothing unpleasant about it." Fang Zhuo said calmly.

Li Taimao was full of apologies, apologizing repeatedly, with a low profile.

"I don't want to eat anymore." Fang Zhuo didn't want to meet, "I'm young and straight-talking. The number of clients of MIGA Fund is limited. The previous 500 million principal of Anliang Club barely passed the threshold. Now the threshold is [-] million principal .”

He continued: "Anliang will either continue to invest money, or deliver profits at the end of the year."

"This..." Li Taimao never expected that the young man would not give him any face.

"The more funds a private equity fund has, the greater the possibility of making money." Fang Zhuo explained this.

"Mr. Fang, let's think about it. After all, this is not a small sum." Li Taimao was not angry.

Fang Zhuo ended the call.

He thought for a while, then called Fan Xiong of Copper Pea, and patiently explained the real increase in the stock this time, expressly indicating that the other party would bring some friends' funds into the market.

There are still fewer people tied up by Fan Xiong now, so I have to help this Tongwandou to gather more energy.

(End of this chapter)