Top of the Great Era

Chapter 1691 Strong business

During this period of time, domestic video website companies have been listed one after another, and Baidu and Penguin have also begun to deploy in this industry, which makes many people in Ziweixing more anxious.

This time, Zhou Buqi spoke clearly.

Ziweixing does not intend to do everything.

The size of the company does not mean that the company is strong.Take Baidu for example. The company is very large, but its real strong business is search.Other businesses may also make money, but they are not high-value businesses. If they can make money today, they may not be able to make money someday.

Ziweixing wants to be a strong company, not a big company.

At least domestic business should be like this.

Must have a strong ability to withstand pressure.

Back then, Enron was also very strong, with a market value as high as US$1000 billion. When something happened, it went bankrupt in half a year. In fact, it was big but not strong, and its ability to withstand pressure was too poor.

That night, Zhou Buqi, Guo Pengfei and Meng Houkun got together in private.

Guo Pengfei actually has some doubts about such a choice, "Ziweixing only does domestic business, and it's such a big market. There will be a growth bottleneck one day."

Zhou Buqi said with a smile: "It's still early. WeChat, Toutiao, Weibo are easy to talk about, like cloud computing and artificial intelligence, there is still a long way to go in the future."

Guo Pengfei said: "The capital market relies on storytelling, and storytelling means doing many things. It doesn't matter whether you do it well, as long as you do it, you will be sought after."

Zhou Buqi said: "So we need to look at it from a longer-term perspective. We hold so many stocks in Ziweixing. What does the short-term fluctuation of the stock price mean to us?"

Guo Pengfei was slightly taken aback, and said "Damn".

Meng Houkun laughed, and said with admiration: "That's right, this is the Boss Zhou I know."

For some ordinary employees, they hold very few stocks, so it is very important for the company to follow the trend.If they follow suit, the stock price will easily rise sharply in a short period of time, and they can sell the stock to make a fortune.

However, to Zhou Buqi, Guo Pengfei, and Meng Houkun, the veterans of the ten-school entrepreneurial alliance, this method is meaningless.They hold so many stocks that every time they cash out, they have to issue an announcement in advance.

That's it.

If an important shareholder at the founder level wants to run away, it will inevitably lead to panic in the market and leave an impression on the market that Ziweixing is telling stories and hyping in the short term, with the purpose of driving up sales.At that time, a large number of people will inevitably sell, causing the stock price to plummet.

If you want to maintain the stability of the stock price, the shipment must be slow.

For example, Guo Pengfei, if he wants to cash out, he must score at least ten or twenty years.

But how many Internet companies can live for more than ten or twenty years?
More importantly, it is impossible for Guo Pengfei to cash out Ziweixing's stock on a large scale, and he still relies on the stock to run the company, which means that he may still be an important shareholder in [-] to [-] years.

How can we ensure that Ziwei Star can still have a strong vitality after decades?Can it still maintain a high market value?
Those fragmented businesses with low barriers to entry are meaningless.

Maybe it can be done in a short time and make money.

However, under the rapidly changing Internet wave, low-threshold businesses can easily be subverted by new products.These big but not strong businesses can't survive for too long.

From a longer-term perspective, Ziweixing should still do some strong business with core competitiveness, so as to maintain its long-term existence value.

From this point of view, Ali has done a good job.

Ali has acquired many companies and merged them into its own ecology, but the results have not been very good. All these companies have been killed by repeated actions, and they have been greatly ridiculed by the outside world.

But this is just a failure at the business level.

At a higher level, Ali's goal is to live 102 years.

Ali bought these companies not to run these companies well, but to rely on these companies to strengthen the core position of Tmall, Taobao and Alipay to maintain the longer-term value of these products.As for the other piecemeal companies that were bought, whether it is dead or alive, how can it be so important?

Companies like Youku, Are you hungry, Koubei, and UC are not dead today, and they will basically die in ten or twenty years.

For Ali, as long as the core businesses such as Tmall, Taobao, Alipay, and Alibaba Cloud remain strong, they can continue to make a lot of money.If Youku, UC, and Are you hungry can no longer survive, and if they cannot survive, they will not survive. Wait for new good companies to come out, and then buy them.

After all, it is necessary to maintain Ali's core business, so it is necessary to constantly combine and patch up its own core business.

Ziweixing is different from Ali.

The fundamental purpose of Ali's doing this is for traffic, and they rely on traffic to maintain Taobao's long-term vitality.

There is no need for Ziweixing. Several of its products are traffic transfer stations, so there is no need to patch them. It only needs to focus on operating a few core products, and relying on selling traffic in the future is like owning a cornucopia.

Zhou Buqi said: "Ziweixing's current core product layout is almost the same, artificial intelligence, cloud computing, WeChat, search, Weibo, and Toutiao. These are just a few, and we can make a short video product in the future. Like what? How many years can fragmented products such as Meitu Xiuxiu, Weidian Mobile Assistant, and Weidian Security Guard last? Almost enough! In terms of vitality, it is the fee-based products such as Weidian Notes and Weidian Ledger, as well as Weizhi, Xiaonei, etc. Products with a certain threshold, such as Internet and micro-point maps, have a longer lifespan. These are the ones that need to be focused on.”

Guo Pengfei took a deep look at him, "No wonder you don't support Weidian's security products and start a war with Baidu and Penguin. You're backing off."

"It's not a retreat, it's unnecessary. It not only affects word of mouth, but also wastes human, material and financial resources."

"Aren't you afraid that your judgment will be wrong?"

Guo Pengfei questioned.

Zhou Buqi said: "It can't be wrong!"

Meng Houkun frowned and said, "Your way of thinking is right, but who can guarantee which business is strong and which business is big but not strong? How can you tell? Maybe the business of security products is a strong business."

Zhou Buqi is full of confidence, "The basic logic is the same. Now they are making Baidu antivirus, QQ security guards and so on. They are all free products. How can this be strengthened? Aren't we doing enterprise-level antivirus software? This business If it is done, it will be a strong business with Ziweiyun's security protection project."

Guo Pengfei mused and said, "So bring in the products related to strong businesses, and separate out the big but not strong products."

Zhou Buqi smiled and said, "Yes!"

"How to divide?"

"Either go public independently like YY. Or find an opportunity to sell it."

"Sell?"

"For example, Weidian Mobile Assistant and 91 Mobile Assistant, we have two products with [-] to [-] million users. With the advent of the mobile Internet era, the number of users of these two products will definitely increase. Tool products , the most popular in the early days of the mobile Internet.”

Zhou Buqi had exchanged this point of view with Fu Sheng long ago, and Fu Sheng had already packed up and set off to America to conquer the New World.

Guo Pengfei still didn't quite understand, "Sell it to whom?"

Zhou Buqi said: "Internet products, in the final analysis, play traffic, but Ali lacks this thing."

"Well..." Guo Pengfei suddenly realized, "That's really the case. If the number of mobile users of 91 Mobile Assistant reaches 2 million, and the activity of this product is often very high, it means traffic. After Ali bought it, 91 Mobile Adding some Taobao advertisements to the assistant is a strategic supplement to their strong business."

Zhou Buqi smiled and said: "Yes, that's what it means. Let alone 2 million users, even if there are 1 million users, you can still sell 10 billion US dollars. If there is money to make, why not make money?"

This is really not an exaggeration.

In 2013, Ali was interested in buying pea pods. At that time, the scale of pea pods was less than 1 million, but they called out a sky-high price of 15 billion US dollars.Boss Ma thought it was too expensive, and at that time Ali was not listed, so he put it on hold.

By 2016, the installed capacity of pea pods had reached 5 million, and Ali sold it for 2 million US dollars.The reason for the sharp drop in price is that in 2016, Apple, Google, and Facebook all launched boycotts one after another. The era of tool products is over, and the best time is gone.

But even though he bought pea pods at a low price of 2 million US dollars, Ali also suffered a big loss in this matter, and did not borrow much traffic from pea pods at all. 5 million users are useless, if you say you die, you will die.

The Internet is changing too fast, and such a big but not strong product, even with a huge scale of hundreds of millions of users, is likely to be completed in a short period of time.

Zhou Buqi went on to say: "Alibaba has no traffic, so I sold 91 mobile assistants to them. Baidu is busy making security products, and obviously does not pay enough attention to the mobile Internet. When it is found that it is behind, it must be bought at a high price. It is estimated that 10 billion U.S. dollars will come into the account if the mobile assistant is sold to them. Let them change their name and change Weidian Security Assistant to Baidu Security Assistant.”

Guo Pengfei said angrily, "Just think of beautiful things!"

Zhou Buqi said: "Anyway, that's what it means. If you need to continuously strengthen your own strong business, if you need to acquire it, you should join in decisively. Then find a way to separate out those big but not strong businesses."

Guo Pengfei remembered something, "By the way, I almost forgot, Wang Xiaozhou has something to tell you."

"Oh? What is it?"

"Search now, remember?"

Zhou Buqi nodded, "Well, Deng Pingpang did it, the national team."

Guo Pengfei said: "It seems that there was a big technical problem. There were a lot of non-compliant web links on it. It was very serious, and it was even worse than Google back then."

"..."

Zhou Buqi didn't know what to say. Although the current Internet technology is very mature, search is still a high-tech field, and it can't be done by just pulling together a team.

Guo Pengfei said: "There is a second national team that is about to leave. The domain name has been applied for. They found it and called Pangu Search."

Zhou Buqi waved his hand and said indifferently: "Search is Ziweixing's strong business and core business. If you do your own thing well, the sky will never fall."

　Watching the Barcelona game last night, I found that there was an entertainment promotion on the stadium advertisement.It's not a Hollywood movie, but a Korean girl group.It's amazing, Fenmo is really popular in Europe.

　　
　
(End of this chapter)