Top of the Great Era

Chapter 1625 Promotion
That night, Zhou Buqi stayed up late at home to watch the game. In the second leg of the Champions League semi-final, Manchester United beat Lyon 3-0 at home.In addition to the score of 2:0 in the first round, they easily entered the final with a total score of 5:0.

At the same time, the semi-finals on the other side also came to an end.Although Professor Bu gave an actor-level performance, he failed to prevent Barcelona from being eliminated by Inter Milan with a total score of 2:3 in two rounds.

This year's Champions League final will be Manchester United VS Inter Milan.

On the day of the spring outing, Zhou Buqi invited everyone to watch the UEFA Champions League final. Unfortunately, no one responded, but he was very interested in the barbecue he personally arranged and had a very happy meal.

I also went to catch a fish in the reservoir, asked the chef to clean it up, and grilled the fish outdoors.

Unfortunately, the weather is still a bit cold.

In the evening, it became a bit cold, and everyone returned to the venue one after another.

The beginning of May is a holiday and you can rest, so the Entrepreneur Club organized an event.Zhou Buqi has not participated in many sessions, and he should respond to the call when he is free.

With the development of the Entrepreneur Club, the Taishan Club in the past has no commercial nature, and commercial activities are generally undertaken by the Entrepreneur Club.

Although Zhou Buqi is young and does not hold a job, he is a star among entrepreneurs. He was invited by Mr. Liu many times, so he had to speak on stage, and he wanted to speak a few words to more than 120 domestic entrepreneurs from all over the world.

This was a temporary arrangement, and he was not prepared at all, so he could only talk about his experience in doing business—integrity.

This is even more important when many people want to go public in the United States.

A major event that shocked China and the world happened recently, that is, an unknown American research company called Muddy Water shorted a well-known domestic paper company, Dongfang Paper.

Muddy Waters is actually a short-selling fund.

Their purpose is to short stocks to make money.

But which stock to short?

How can we guarantee that after shorting, we will definitely make money?
Then, Muddy Water came up with an idea in another way, that is, to conduct unannounced visits and write a detailed investigation report.Shorting the stock in the market first, and then reporting the investigation report with detailed evidence can cause the stock price to plummet, thereby making a lot of money from the capital market.

Dongfang Paper was their first business.

It is said that the few foreigners in Muddy Waters were looking for people to find connections in China, and they pretended to be business partners to visit the site in person, and found that the factory of Oriental Paper was simply dirty and messy, like the 80s and [-]s, and the modernization they publicly advertised. The equipment gap is huge.Moreover, they stayed for a day, and the logistics vehicle made a total of two or three trips, which was too far from the sales data they claimed.

Then, Muddy Waters made a move, thinking that Orient Paper’s revenue in 2008 was nearly 27 times, and also said that they had misappropriated 3000 million US dollars of funds in the past year...

Muddy Waters won the first battle and earned at least 1200 million US dollars, and their research fee was less than 100 million US dollars. This business is really a bargain.

In the auditorium of Zhou Buqi Capital Hotel, he looked at the crowded domestic counterparts with a microphone, and said in a serious tone: "I am very young, I am a junior, and there are some things that I shouldn't say. But honest words are harsh, I am willing to A reminder to friends here. I don’t know people from Muddy Waters, but I have inquired from people from Sequoia. Muddy Waters is essentially a short-selling fund. They just want to find moths in the market, and then take the opportunity to short and release This is their business model. This means that Orient Paper is just the beginning, and more and more companies will be targeted by them in the future. I hope that all colleagues here can learn a lesson .Oriental Paper has a solid foundation and may be able to withstand it. If another company encounters this situation, it may be required to be forced to delist.”

Muddy Waters is mainly engaged in the business of Chinese concept stocks. It has released research reports on more than a dozen Chinese-funded companies. Only New Oriental, TAL and Anta have resisted. Other companies are basically finished, ranging from delisting to bankruptcy.

When Zhou Buqi began to tell the story of muddy water, laughter came from the auditorium from time to time.

But as we talked, many people couldn't laugh.

Data falsification is a common phenomenon.The companies that can go public in the United States are all the best companies in China. Even such companies have suffered serious fraud, let alone those companies that cannot go abroad and can only be listed on the big A shares.

During the gathering, Zhou Buqi still has a very important task, which is to promote the application of micro-books in China, and call on everyone to follow the times and digitalize the office.

As a result, a very ridiculous scene appeared. Many people don't understand, what is digital office?
Zhou Buqi felt cold inside.

In contrast, the gathering of Son Zhengyi's family is very relaxed.

On May 5, Zhou Buqi returned to San Francisco to attend a party organized by Masayoshi Son. It is said that he also invited more than 7 entrepreneurs, all of whom were SoftBank’s investment projects in the United States.

The purpose is to hope that these SoftBank-invested companies can help each other and use each other's products when conditions permit.

This is Zhou Buqi's idea to him.

The purpose is to promote micro-books.

Domestic Weishu is still a free version, but foreign Weishu is different. Kurian led a team to complete the revision of this product, pursuing personalized product design for large companies, insisting on word-of-mouth marketing, and rejecting "growth hacking".

The Weishu product was designed by a domestic team, and the design of many details may not meet the needs of foreign companies. Kurian outsourced the product interface design to Metalab, and asked a public relations company to do marketing.

At the party, more than 62 entrepreneurs expressed their willingness to accept Weibo and cooperate with Ziweixing.There is a relationship with Softbank, and more importantly, Ziweixing International's increasingly prominent reputation.

There are more than 62 employees in 4100 companies.

The basic version of Weishu is $5.99 per month and $59.99 per year.In other words, at this gathering alone, Zhou Buqi has brought in orders for Weishu with an annual income of 50 US dollars.

The amount is not too much, the key is that there are many well-known companies among them, and this is the most important thing.When we promote Weibo in the future, sales can say "XX company and X company also use our products", and then a chain reaction can be generated, gradually pulling up the growth curve.

The next day, Zhou Buqi met Yuan Zheng, who had already completed the procedures for resigning from Cisco.

Next, let's watch the negotiations of Ziweixing International.

If the conditions are good, he will join.

If the talks were not good, he started his own business.

Zhou Buqi smiled and said, "Actually, you can choose both conditions."

Yuan Zheng immediately understood what he meant, "Join and start a business? Intrapreneurship?"

Zhou Buqi said: "Yes, Ziweixing International will invest resources, funds and technical teams, and you will be in charge of this project and get 10% of the shares."

If it is a general entrepreneurial venture, it is most suitable for the founder to hold about 40% of the shares, and the probability of entrepreneurial success is the highest.If the individual shareholding is too high, the team will lack entrepreneurial spirit and become wage earners, which will discourage enthusiasm; if it is too low, the founders will lack the decision-making power to make a promise, which will affect the choice of start-up companies.

But intrapreneurship is different. The logic of intrapreneurship is that one or several entrepreneurs lead a group of migrant workers to do one thing. The entrepreneurial spirit is stronger than that of large companies, but weaker than that of real independent startups.

In many cases, a large company spends 100 billion and uses the most powerful technical team and the best management team to do a project, but it may not be successful; a start-up company with only 100 million funds and a relatively mediocre team can defeat the giants and obtain success.

What is missing is the entrepreneurial spirit.

Large companies have funds, technology and the best team, but lack entrepreneurial passion; startups have passion, but lack many hardware conditions.

Intrapreneurship is a better compromise option. It is the most popular method among Japanese companies. Many consortiums continue to start intrapreneurships, and then become large holding companies in charge of several industries.Baidu launched iQiyi and Penguin launched China Literature, both of which are considered internal entrepreneurship.

Yuan Zheng asked, "What about decision-making power?"

"Here you are." Zhou Buqi paused for a moment, and added, "You connect with me directly, and you don't need to be responsible to anyone. If you want to be listed separately in the future, I will use AB shares and get A shares for you." .”

Yuan Zheng is quite appreciative of this model. Not only does he have decision-making power as a boss, but he can also use the team, technology and funds of Ziweixing International, which greatly reduces the risk of starting a business.

Zhou Buqi smiled and said, "The product you want to make is cloud video conferencing, right?"

"Yes, it is a cloud-based product."

"Weishu actually has the function of cloud video, but the function is not that strong. At least it can give you a solid foundation. You can improve and upgrade on this basis, and the speed will be faster."

Zhou Buqi has heard that Facebook has developed a cloud video product, but this is currently their internal product for internal use.

When the internal use is almost complete and the product is mature, they will definitely release it to the market.Including Google, Microsoft, and Oracle are also eyeing this track.

Of course, the sooner this entrepreneurial project of Yuan Zheng can be done, the better.

In his previous life, he left Cisco to start a business. He worked hard to form a team, find funds, do technology development and product design. After more than two years of silent work, he finally launched the product.

In this life, relying on the powerful resources of Ziwei International, the efficiency can be greatly improved.

Yuan Zheng said with a smile: "I think we can build two R&D centers, one in Silicon Valley and one in China."

"Yes." This is a trivial matter for Zhou Buqi, "You in Silicon Valley prepare it yourself, and I will contact you in China. This is easy to handle. If it is not too high-end technology, the cost of doing research and development in China is even higher. Low."

"What about the name?"

"What did Kurian say?"

"He said it would be better to be branded 'Ever'."

Zhou Buqi nodded, "Well, this is the unified brand of Ziweiyun's series of cloud Saas products, and it will also help you open up the market."

Yuan Zheng nodded, "Then Everzoom."

(End of this chapter)