Media Tycoon since 1999

Chapter 319 Revisiting the Internet Jianghu (Limited and exempted)
Ding Lei, the boss of Yiwang, postponed the dinner to March 51th because Gaoyang organized the investment plan of 3 Fortune.com.

This weekend, under Wu Ruohan's pleading, Wu Lan still agreed, and the family went to Wanliu Hua Mansion's villa for the weekend.

Seeing that the environment here is very good, and being in the city, Wu Lan was a little moved, and planned to buy a villa of the same size.

In the end, Gao Yang suggested to the mother-in-law that there is no need to spend tens of millions of cash in one go to buy a villa in full, and just get a mortgage.

Wu Lan also agreed, with a down payment of 300 million, and booked villa No. 5 in the detached area.

Wu Ruohan's villa is No. 7. The two villas are actually facing each other, separated by an aisle, and staggered by about 30 meters.

On the evening of March 3, Wu Lan took her children and Gu Wenlong to Muxidi again.

Gao Yang took Gu Yawen, Wu Ruohan and Shao Hanyun to Houhai for an appointment, and had dinner with Ding Lei and Li Yan.

After dinner, I found a quiet bar in Houhai, the three men sat down to drink and talk, Gu Yawen and the three daughters went to Houhai to play.

Sitting down, Gao Yang asked: "Brother Yan, has the matter of Baidu's listing been settled?"

Li Yan shook his head: "It's not fully settled yet. It won't work in the first half of the year, but it will definitely be fine in the second half of the year."

Gao Yang said with a smile: "Then I will congratulate Brother Yan in advance, and wait for the day when you strike the gong at NASDAQ."

Li Yan sighed: "It's still old Ding who moves fast, it's been almost 5 years since Yiwang went public."

Ding Lei nodded with a smile:

"Easynet was listed in June 2000, and the result was that the Nasdaq index collapsed. I was also shocked and broke out in a cold sweat, and I also experienced a life-and-death situation later.

The issue price of our listing was 15.5 US dollars, and the market value was close to 5 million US dollars. As a result, the lowest price fell to around 10 US dollars that month.

The worst thing was that in the second half of the year, the Nasdaq collapsed, and Yiwang's stock price fell to as low as 0.48 US dollars. At this time, the stock was already worthless.

Later in 2001, at the beginning of September, we were accused of financial problems, and the stock price was at 9 US dollars, so the exchange suspended trading, and the market value at that time was only 0.64 million US dollars.

Before the trading was suspended, I was disheartened. I really wanted to sell the company. I still had tens of millions of dollars in my account. I looked for a buyer everywhere, and finally almost sold it to a company in Hong Kong Island for 8500 million dollars.

As a result, when it was about to sign, it suddenly turned yellow, and it was still due to financial reporting issues. I really wanted to sell it, but no one dared to buy it.

At that time, I held close to 60% of the shares, and Yiwang was facing the risk of delisting. I was the founder and CTO myself, but in terms of company management, I was almost emptied.

In September, trading in the stock was suspended, so it could not be sold.

Later, he gritted his teeth and made a transformation. First, he recruited Shen De, who had worked in Bear Stearns, as CEO, and lobbied on Wall Street.An accountant was recruited from KPMG as the chief financial officer to deal with financial issues.

Finally, in early 2002, it finally resumed listing.

In this process, in addition to major internal management surgery, there is another more important reason, Yi.com has achieved a major breakthrough in the game business.

In 2001, before the stock was suspended, I used 1000 million to acquire a game company in Guangdong Province to make Journey to the West series of games.

At the end of that year, I invited Xingye to be the image spokesperson for "A Chinese Journey to the West". At that time, his work was very popular in the mainland, but our game of the same name failed in the end.

In August 02, Yiwang resumed its listing for more than half a year, and launched an upgraded version of Journey to the West. This time, it finally succeeded.

At that time, people in the circle were not optimistic about Yiwang's transition to the game business, and I was almost sprayed to death by shareholders.

In 2003, our game business revenue exceeded 04 million, in 6 it exceeded 10 million, and this year it is very likely to exceed 8 billion. This business accounts for about [-]% of Yiwang's revenue.

In the past few years, the stock price has also risen step by step. My shares have diluted a bit, and the stock price has fallen back a bit last year, but the company’s market value is still more than one billion US dollars. The investors who gave carbon in the snow at the beginning have made nearly 10 times the profit Well, there are also nearly 20 times the profit.

As far as I am concerned, the biggest lesson I have learned over the years of starting a business is people. "

Gao Yang said with a smile: "Brother Lei, I totally agree with what you said.

I came to Beijing in mid-October 1999 and worked as a reporter at CPI. At that time, I was poor. I borrowed 10 yuan, plus the resignation compensation of civil servants, and I made up enough 1 yuan to work in Beijing.

I worked in CPI until early 2003. In May 2002, I started a business with my friends. I was the main investor. At that time, I invested a total of 5 million, and I personally invested 850 million to be a paper media in the solar energy industry.

Until now, the people who have cooperated with me to start a business are either my old classmates or my old colleagues at CPI. They are all friends who have a good relationship. They trust each other and I treat others with sincerity.

In fact, I have already started to buy Yiwang's stock last year.In the past two years, I couldn't find a suitable channel. Otherwise, when Yiwang fell below 1 US dollar, I would have to buy it even if I sold it. I am very optimistic about Yiwang's prospects. "

Ding Lei asked with a smile: "Gao Yang, how did you buy Yiwang stock and how much did you buy?"

Gao Yang said: "I bought it through my uncle, not much. I invested more than 100 million US dollars. My uncle settled in the United States. He is a Ph.D. in economics and an associate professor at Columbia University. When I first came to the capital, there was no Qian, and secondly, I haven’t met my wife yet, so I don’t have such a connection.”

Li Yan asked with a smile: "Gao Yang, after Baidu goes public, do you want to buy some?"

Gao Yang said with a smile: "I have to buy it and support Brother Yan. However, compared with the two of you, I am still poor, especially Brother Lei. You have been the richest man."

Ding Lei chuckled: "The richest man in the world, how can the ranking of the richest people represent the real level of wealth? It's all just for entertainment, just to catch people's attention."

Li Yan said with a smile: "Old Ding, don't be modest, it should be in 03, you ranked first on the rich list, and you are worth more than 10 billion U.S. dollars."

Ding Lei shook his head and smiled: "Don't mention this, it's boring. Gao Yang, we made Yiwang Bubble, and you made a 51talk. What do you mean, we are here to fight in the IM?"

Gao Yang shook his head: "Brother Lei, what kind of arena are we playing? Yiwang is so rich, and in the arena, 51talk will be crushed to death in minutes. If you want to fight in the arena, you should also fight Goose Factory.

We do 51talk, one is for internal use of the company, and the other is to provide a choice for users on various 51 platforms, that’s all.

However, if 51 Company gets rich in the future and Yiwang doesn’t want to do POPO anymore, you can sell it to me, and I’ll fight Goose Factory. "

Ding Lei laughed aloud: "I am ambitious, but you also have too good ideas. Goose Factory is too strong in IM, and it is also the foundation of others. If you go to the ring, they will trample you to death."

Gao Yang said with a smile: "Then 51talk will develop obscenely, wait slowly, there will always be a chance, Feng Shui takes turns."

(End of this chapter)