Reinventing the Millennium.

Chapter 448
The New Year in the Internet industry has been disturbed, return trips, overtime work overtime, angry anger, and panic panic.

Many employees of the blog Huaxia are terrified and terrified.

The company has mentioned before that it aims to "catch up with Sina". President Fang Xingdong announced it formally and grandly at the annual meeting in January, but there is only a very low expectation for whether Sina will put down its arrogance to compete.

Don't look at the excitement of shouting, there are nearly 400 employees up and down, who really believes it?
Unfortunately, Sina seems to believe it!
Even convinced!
It's been a year since the backhand f*cked up, so I just worked overtime and hit back!

This, this... This is really unexpected to Fang Xingdong.

He once met Mr. Fang at the Internet Industry Development Conference in Shanghai, and he was quite kind-hearted. How could he be so ruthless?
Fang Xingdong was a little stunned by the heavy punch, he naturally maintained a strong confidence in the company on the surface, but he was aggrieved and aggrieved when chatting with his friends in private.

"How could Sina do this... I don't understand!"

"Why can't Sina do this?" Fang Xingdong's friend Xu Chaoyi also works in the Internet industry, but when he heard the words, he asked, "Why did Fang Zhuo enter Sina? Could it be because of his good looks?"

"People like Duan Yongji are defeated by him. Why do you have nothing to do with him? You have to say that you have to catch up with Sina and NetEase. NetEase is now worth more than Sina."

Fang Xingdong was a bit at a loss when asked, yes, why not catch up with NetEase?

Perhaps, it may be because Sina is the first portal website to go public in the United States, and it is the first industry leader to obtain the qualification for news publication, or it may be because of the subconscious feeling that NetEase surpassed its market value by relying on games.

He replied a little unconvinced: "Who would really take this slogan seriously? TOM, which is engaged in wireless, also said it surpassed Sina!"

Xu Chaoyi said leisurely: "Speaking of TOM.com, how do you know that Fang Zhuo didn't respond? I heard that Fang Zhuo said in Shencheng that the Li family's business in other places in the mainland has nothing to do with it. Shencheng got his nod." .”

Fang Xingdong was overwhelmed: "He, is he so arrogant?"

Xu Chaoyi gave his friend a strange look, and said: "He is the richest man in the mainland. Although he is not as good as Li Jiacheng, he can still wrestle with his wrists, right? What's more, it is only in Shencheng. Li's He Huang was the first to lose last year." It's been a while."

Fang Xingdong murmured: "Fortunately, we have finalized an investment intention years ago, which is enough for us to make a larger scale."

Xu Chaoyi nodded: "Anyway, Fang Zhuo, the richest man, is not so easy to get along with, and his tactics are quite dark, so you should pay attention."

A drunk is over.

When Fang Xingdong came home, just as he put down his phone, an investor suddenly called.

Fang Xingdong reckoned that the vice president of Dachen Venture Capital, Zhou Zisen, would have to listen to his plan for competing with Sina. He took a deep breath for three seconds before calling.

It's just that, before he exchanged any pleasantries, the other party gave him a piece of news that completely shocked him.

Dachen Venture Capital will withdraw from this round of blog Huaxia financing!

Fang Xingdong couldn't accept it. The talks were very good years ago and the initial agreement was signed. Even if Sina wants to start a blog now, they can't just run away like this, right?

He communicated with Zhou Zisen repeatedly on the phone, and even stated that he would immediately buy a plane ticket to meet the investor.

After such a conversation on the phone, Zhou Zisen, the vice president of Dachen, gave a reason other than the expected reduction of the project.

"Mr. Fang, it's like this." Zhou Zisen said in a deep voice, "Shencheng called me, um, I know President Fang Zhuo of Yike, not only did I know him, but I also voted for his project, It has a relatively low sense of presence now, and it was considered a moment of glory at the time.”

"Guahao.com changed its name to Medical Group, but it has never had a good profit method. Shencheng has money now, and now it gives the original investors a chance to withdraw with money."

"We Dachen invested 1000, and now we can get back 500."

"However, Shencheng called me. They heard that the investment between Dachen and blogger Huaxia has not yet been completed. This, this one comes and goes..."

"In short, this is a factor we consider. Of course, the most important thing is that Sina is also a blog now. The competition you are facing is too high. If Blog Huaxia can survive this period, we are still willing to vote."

Zhou Zisen finished speaking.

Fang Xingdong was dumbfounded.

He was stunned for a long time, and said urgently to the phone: "Mr. Zhou, Mr. Zhou, isn't Fang Zhuo threatening you?! You just give in like this?!"

"Mr. Fang, don't think so. The main reason is Sina's competition." Zhou Zisen said seriously, "Our company abides by principles, so how can we easily make a decision just because of one person?"

He continued: "Also, Mr. Fang, let me give you a piece of advice. You really have to deal with Sina's competition well. The one from Shencheng has always been good at doing projects. If it really doesn't work, you can expand the scale and let Sina buy you."

Fang Xingdong gritted his teeth, and said angrily: "I will never surrender, I will fight to the end! If I, Fang Xingdong, are even a little bit afraid, I will take his surname!"

The president of the blog Huaxia slapped his phone on the table angrily, and he felt confused the next second.

The person surnamed Fang turned out to have such dark hands!
There is no bottom line!

I, Fang Xingdong, will never give in!

Blog Huaxia dies to the end!

……

Sina's actions continued, and the secondary market was optimistic about it. The stock price rose from 50.36 to 52.18 US dollars in two days.

Then, MIGA Fund announced that it would reduce its holdings by 6% in the next 2 months and submitted a notice of sale to the SEC.

The chairman reduced his holdings?
The previous actions were just to raise the stock price so that you can sell?
There are some doubts like this in China, and they also have doubts about whether Sina really wants to vigorously expand the blog business.

Relevant financial media learned from Sina that the reason for MIGA's stock sale is only a vague "business factor", and it will not continue to reduce its holdings, and will hold its shares for a long time.

Even so, Sina shares were volatile, falling below the $52.18 mark from a recent high of $50 to close at $49.56.

Under such a background, MIGA Fund announced on the afternoon of February 2th the launch of the "MIGA Huaxia Collective Fund Trust Plan", which will start business with Shanghai Pudong Development Bank and Shencheng Trust, and deeply cultivate the domestic private equity market.

That is to say, Shencheng Trust is the issuer, Shanghai Pudong Development Bank is the fund custodian, and MIGA Fund is hired by Shencheng Trust to be responsible for fund management.

As a result, MIGA Fund became the operating entity of the third securities trust plan in China, and it was also the first Sunshine Private Equity Fund registered in Shanghai, which attracted attention for a while.

Yike was successfully listed, Sina made frequent moves, Yongke was invited to bid, and MIGA Fund opened up the domestic market.

Since Fang Zhuo became the richest man, and since Fang Zhuo returned from the United States, he only stayed silent for a few days before the Spring Festival, and he immediately attracted the attention of many people and caused a lot of discussion.

From the richest man in Shanghai to the richest man in the mainland, his behavior seems to have become more radical.

(End of this chapter)