Top of the Great Era

Ziweixing is definitely the most profitable Internet company in China now.

In the past year, Baidu's revenue was about 140 billion yuan.Because of its game business, Penguin's revenue is about twice that of Baidu's, about 280 billion yuan.

In contrast, Ali is worse.

Ziweixing is the most, with a total revenue of more than 320 billion yuan last year.Because R&D investment is much higher than that of Penguin, the net profit of the two companies should be about the same, and should be around 100 billion yuan.

However, in December last year, a new round of "12 billion subsidy" plan based on the gold coin wallet system was launched, which directly counted all the profits for the year.

Now Ziwei Star is already preparing for its launch next year.

This is certain. According to Zhou Buqi's prediction, Ziwei Star will go public in the United States next year, and its market value is likely to exceed 1000 billion US dollars.A round of IPO financing can bring in at least US$150 billion.

This kind of super IPO case is very risky.

Enough confidence must be given to the market, so that capital institutions can confidently and boldly purchase the shares of Ziweixing, so as to smoothly promote the listing of Ziweixing.

When Changyou went public in March last year, raising US$3 billion, it ran into serious problems and almost ran aground.At the last moment, Zhou Buqi paid 26.5 million US dollars out of his own pocket to take over the deal, which made Changyou's IPO go smoothly.

The scale of Ziweixing's IPO is too large. If there is an accident, Zhou Buqi will not be able to spend so much cash to take over the deal, so it will be troublesome and must be prepared in advance.

So at this stage, Ziweixing is not suitable to invest in Lianjia.

Lianjia is of course a very good project, especially after a few years when Beike is launched, it will become a giant, and its market value is even higher than that of Vanke.

However, that was many years later.

This is an asset-heavy project, and the results are relatively slow.

This is more inappropriate.

In order for Ziweixing’s IPO next year to proceed smoothly, it is best for Ziweixing to choose something that has quick results and can be understood by the capital market for its current investment.

In this way, capital institutions will actively buy Ziweixing's stock next year.

Investing in chains, most people don't understand at all.

The Internet is engaged in asset-heavy business, and it is easy to be looked down upon by the capital market.

This is a very serious disadvantage that listed companies have to face.

I have spotted a very correct direction, but no one understands it, especially if the capital market does not understand it. When I do it, I will suffer a lot of capital risk.

Take Sohu for example, if Lao Zhang leads Sohu to transform into chips... Even if he knows that the direction of chips has a promising future, it will be useless.

Once this is done, Sohu's stock price will collapse.

A company engaged in portal networks, but also wants to engage in chips?
It's almost like cheating!
Once this completely whimsical and unrealistic strategy is announced, the world will collapse, and the capital market will think that Lao Zhang is trying to transfer the funds in the company's account outward through this high-tech research and development project.

This kind of thing can be too much.

Everywhere.

Anyway, in high-tech research and development, the probability of failure is 99%.The "R & D funds" were transferred out, and the R & D project failed without accident.The money in the company's account is gone, and it's hard to say whose pocket it went to.

This kind of thing is most common in the field of operating systems and chips.On the one hand, it is the call of the state, on the other hand, the response of the whole people; on the one hand, it is the policy encouragement, and on the other hand, it is the guidance of public opinion... It is easiest to exploit loopholes when there is a vigorous movement.

Even if you cheated out of money, everyone will applaud you, thinking that you are loyal and patriotic.Parallel import academicians who have repeatedly stood up for scammers are also called conscience scientists.

Sohu does not have the design of AB shares. Lao Zhang controls the company by controlling the board of directors.However, Sohu's listing place is in the United States, and its shareholders are all capital institutions in the United States, so it is not so easy to be deceived.At that time, the shareholders will jointly initiate a lawsuit against the board of directors, and Lao Zhang may be ousted from office.

For Ziweixing, investing in Lianjia is a good choice.

But can't do it.

At least not before going public.

If the capital market does not understand it, it will think that the board of directors of Ziwei Star will sometimes "act wildly" in its decision-making, which will affect the future issue price.

Once Ziwei Star is listed and gets financing from the market, there will be no constraints.

However, there is no need for Zhou Buqi to talk about these complicated thoughts with these little secretaries.

Zhou Buqi said: "The self-operated model of renting a house is an asset-heavy industry, and the investment is too large. Ziwei Star lost 10 billion last year, and the pressure on cash flow is relatively high."

Yan Qiqi raised her eyebrows, a little puzzled, "How could it be? Senior, although Lianjia is self-operated, most of the houses in their hands are rented, and rarely bought by themselves. Most of them are second landlords character of."

Zhao Li Muge raised his hand, and said quickly: "Yes, Lianjia doesn't need any money now, 95% of their houses are contracted and then sublet out. In January last year, Lianjia accepted a financing, It seems to be less than 1 million."

Guan Nanqing said: "It's CDH Capital, which has invested 9400 million yuan, and its shareholding seems to have reached 10%. It is said that Lianjia is short of money now. CDH Capital is looking for a partner and wants to further increase capital in Lianjia."

"Ok?"

Zhou Buqi raised his eyebrows.

Unexpectedly, these little secretaries are really unusual.Not only is the order smooth, but also considerately helping Boss Zhou make money.

Yan Qiqi blinked her eyes and said quickly: "Senior, if the Lianjia is really a good project, then you should start it now. Unless you are coaxing us, the Lianjia is actually not good at all."

Zhou Buqi smiled and said: "I didn't tease you, I'm telling the truth. Lianjia is a good project. You have a strong learning ability and a good eye."

Yan Qiqi hesitated and said: "But now the capital institutions seem to be reluctant to give money to Lianjia, only CDH Capital is trying to help."

"That's because their vision is poor, far worse than yours!" Zhou Buqi didn't hesitate to praise them, and then he had some doubts, "Huh? How do you know this kind of industry information?"

Yan Qiqi smiled lightly and said, "Ask Assistant Qu."

Zhou Buqi didn't know, "Assistant Qu? Who is it?"

Sun Guanran on the side smiled and said, "It's Liu Qing's assistant, Qu Yuanyang, who invests in business."

Liu Qing is in charge of Ziweixing's investment business.

It is not surprising to inquire about the industry situation from her.

Zhou Buqi asked: "Who is connecting with Assistant Qu?"

Yan Qiqi and Zhao Li Muge raised their hands together.

No wonder they are the most active.

Zhou Buqi praised: "Excellent, rational use of resources, learning to communicate with others, and obtaining effective information from others is ability. In the modern world, sweat, talent, beauty, and luxury cars are all worthless. Effective Information is the most valuable."

Yan Qiqi was a little embarrassed, "Sister Wanran helped us get in touch, and Assistant Qu didn't dare not help."

Zhou Buqi said with a smile: "The first thing is to find a channel to obtain information, and then to find a way to connect with this channel. It is a good thing to have this idea."

Yan Qiqi blushed a little after being praised, "Senior, then...then do you think we should inject capital?"

Zhao Limuge said: "Lianjia launched the A round in January last year, and now it is still raising capital at the price of the A round. However, the market seems to be very pessimistic about Lianjia's model. Except for CDH Capital, no one else is willing to give money. Assistant Qu said that his immediate boss is not optimistic about Lianjia either."

"Liu Qing?"

"Correct."

"That's because she is stupid, she is not as good as you."

"Where is it?"

Zhao Li Muge covered his mouth and snickered, extremely happy.

Zhou Buqi said: "The current Lianjia is mainly offline. It has only launched the online business of Lianjia Online last year. The asset-heavy model is also contrary to the traditional Internet thinking. The investment field is not optimistic about Lianjia. Not surprisingly."

Then, he contacted Liu Qing.

After dialing the phone, Zhou Buqi said concisely, "The Lian family wants to raise money? Increase capital?"

Liu Qing said the same as Zhao Li Muge, saying: "It's a capital increase. With the price of the A round, the company's valuation is 10 billion yuan. But now we have encountered some difficulties. The main investor, CDH Capital, can't afford much money. But the Lianjia couldn't find a new investor. Now CDH is mobilizing contacts, and they all found me."

Zhou Buqi said: "Please contact me for me, and I will give you the money."

"Ah?" Liu Qing was slightly surprised, she was really not optimistic about Lianjia, "You want to invest in Lianjia? Is this okay? It's a traditional real estate agency."

Zhou Buqi smiled and said, "Isn't it transformed to be online."

Liu Qing said: "It launched Lianjia Online, but they lack excellent Internet talents. Their idea is very good. They want to build a dictionary of housing listings and a database of housing listings covering the whole country. But they don't have any relevant databases at all. Talent. The boss of Lianjia, surnamed Zuo, is a traditional thinker. All the company’s shares are held in his own hands. Employees are not given a share. Who will go for excellent Internet talents? He doesn’t understand the meaning of the Internet at all. The elites are dreaming, not working."

Zhou Buqi took it lightly, "It's all about the details. As long as the strategy is chosen correctly, there are some flaws in the details, which can be easily corrected. I'm afraid that if the strategy is wrong, the ship will turn around. The platform economy must be self-operated. "

Liu Qing was very worried, "Do you really want to vote?"

"Isn't this a supplement for the A round? The scale is limited, and it won't cost too much money. I personally contribute, please contact me to see how much I need."

Through this incident, Zhou Buqi has a new understanding of the meaning of the team.I also understand why Boss Ma was able to lead Ali with a group of crooked melons and dates back then. If he brought a group of elite soldiers and strong generals, his business might really fail.

In terms of ability and experience, Liu Qing is certainly better than these little secretaries in the office.

However, in judging the Lian family, Liu Qing was wrong, but the young, beautiful and vase-like little secretaries were right.

Because Liu Qing knows a lot, she has her own thoughts and understanding.

Because the little secretaries don't understand anything, they have to blindly trust Boss Zhou. He says what he says. He said that the core of the platform economy is self-employment, so it can only be self-employment.

They don't have those messy thoughts, and they don't need to think for themselves.

Just follow the lead of the big boss.

From this point of view, the personal secretaries are more vases, and beauty is more important than talent, which is also very positive.