My rebirth is different

Chapter 485 Seriously Underestimated

In Xinzhuang Science and Technology Park, Yu Wenfei personally took Cai Congxin to visit the entire park. The two walked side by side and talked while walking, followed by Hu Jingjing and Manager Wang of personnel administration.

"Mr. Cai, the entire park is ours now, but only the No. [-] office building is in use for the time being, and the other office buildings are for future preparations. In less than three years, after the subsequent projects start, the park will be closed. It's getting lively, hehe." Yu Wenfei said with a smile.

"All the parks are rented out? Does Facebook have many projects in preparation?" Cai Congxin asked immediately after sensitively capturing the information in Yu Wenfei's words.

Now that they are all on their own, Yu Wenfei naturally doesn't need to hide anything, so he nodded and said frankly: "There are already three projects in the pipeline within Facebook, and there is also a project at Star Technology, within two months. Each project is about to go online. Moreover, these projects are not small projects! After any project is completed, it can be spun off to form a branch company!"

It is not surprising that there are projects. Many Internet companies try to open up new growth areas after their main business has stabilized.

Among other things, Alibaba is also engaged in Taobao now. It has not done well in B2B itself, so it wants to launch C2C.

Facebook has already reached the top in the field of blogging, and it is not surprising that it is starting to prepare for a new project. The problem is, according to Yu Wenfei, the preparation of a new project is not easy.

He asked curiously: "Could Mr. Fei tell you in detail what the projects are?"

"Of course, you have to understand and promote these things immediately. Facebook has three major projects: music software, video platform, and chess and card game platform! Star Technology has actually always had a project that has not been disclosed to the public, and that is instant Communication software, and now it’s working on the mail system.”

Yu Wenfei said as he walked, then pointed to the No. [-] office building not far away, "In that building, the fifth, sixth and seventh floors are the Facebook office area, and the eighth floor is the internal project incubation platform. The project team is there. On the Internet, it is the office address of Star Technology, and of course the WeChat project team.”

Cai Congxin's heart was full of waves. He didn't expect that Facebook is still an instant messaging software!

Of course, due to Tencent's explosion in the past two years, coupled with Tencent's constant tricks, many companies are developing instant messaging software, ready to grab Tencent's cake.

What NetEase Bubble, Sina UC, these are portals just launched.

In addition, ICQ, MSN, and Yahoo Messenger are old-fashioned network communication software abroad, and they are also very popular in China, especially MSN, which is definitely the favorite of white-collar workers and a must for petty bourgeoisie!

Although Tencent's QQ is leading, its advantages are not that obvious. Not to mention that many competitors are chasing after it, and users are not so dependent and loyal.

People who have experienced that period should still remember that when surfing the Internet at that time, in the lower right corner of the taskbar, there are usually several communication software logged in!

QQ and MSN are basically necessary, and what else to log in depends on what your friends use...

There was also a chain of contempt in the Internet chat at that time, and I looked down on everything with MSN!Because MSN was very popular in foreign companies at that time, using this basically means that you are working in a top [-] foreign company, a senior white-collar worker, and a petty bourgeoisie!Moreover, even a relatively formal company like a state-owned enterprise was prohibited from using QQ in the company at that time, and generally used MSN.

If someone asks you for a QQ account, you should say flatly, "I never use QQ, only MSN."

That kind of pride is beyond words...

Those who use ICQ and Yahoo Messenger look down on those who use QQ.At that time, foreign trade was very popular, and many people would use ICQ and Yahoo Messenger to discuss business with foreigners, so using these two software at least means that you have good English, have friends with foreigners, and are qualified to look down on those who say "Hello MM, I am GG, are you here for online dating?".

This is not to vilify QQ on purpose. Ever since Xiao Ma personally acted as a female clothing boss, opened multiple QQs on one computer, and chatted online with male netizens from all over the country, the temperament of QQ has been stereotyped.In the first few years of its inception, QQ was not uncommonly ridiculed by others, but as time went by, all competitors were killed, and these things were gradually forgotten.

…………

Among the several projects introduced by Yu Wenfei, Cai Congxin is most interested in the instant messaging software "WeChat". Unfortunately, this project belongs to Star Technology and is not under Facebook.

As for video, music, and chess and card game platforms, only the chess and card game platform caught his attention.

Just look at Shanda and you will understand how profitable online games have been in the past two years. After this game platform is established, it may be the biggest channel for Facebook to monetize its traffic in the future!
In his eyes, video and music should be just a strategic puzzle for the pan-entertainment of Facebook, which is auxiliary in nature.

After meeting with the principals in charge of various departments of Facebook, after getting a general understanding of the company's situation, Cai Congxin took office quietly without making any big moves.

I can't take care of the welcome banquet and the like, because he is busy.

As soon as he sat in his office, Cai Congxin asked the leaders of several major departments to send all the relevant data.

He will spend one night to take a serious look at all these things, because tomorrow, the people from Softbank will come!

Yu Wenfei has already said that letting him lead this negotiation can be regarded as a test for him.

Cai Congxin himself is very good at this. Don't forget that he has worked in an investment bank for several years, and with his background in a law firm, negotiation is of course not a problem.

Perhaps, in terms of negotiation skills, he is better than Yu Wenfei.

This night, until three or four o'clock in the middle of the night, the lights in Cai Congxin's office in office building No. [-] were still on. He didn't know when he went back to the apartment to rest.

…………

On March [-]th, early in the morning, Cai Congxin came to find Yu Wenfei as soon as he arrived at the office.

Although he only rested for three hours last night, he was still full of energy without a trace of fatigue.

"President Fei, I have something important to talk to you about." He said bluntly.

"Sit down, have a cup of coffee?" Yu Wenfei smiled and beckoned him to sit down.

"I think our offer was low in the last negotiation!"

As soon as he sat down, Cai Congxin said something surprising.

"Oh? The valuation of 32 billion is still low? That's US dollars, Mr. Cai read it right, right?" Yu Wenfei said jokingly.

"Of course I know it's US dollars, and I also know that Sina's current market value is 32 billion. This price should be based on Sina's market value. But I still think that Facebook is seriously undervalued!" Cai Congxin said with a serious expression as he leaned forward.

"Then how much do you think Facebook should be worth?" Yu Wenfei asked rhetorically.

"If the market value of Sina is 32 billion US dollars, then our Facebook must be worth at least 40 billion! This is still based on the current development trend. If you include several projects in preparation, it can be even higher!" Cai Congxin Said without hesitation.

Yu Wenfei frowned. The market value of Facebook will of course be very high in the future, even to an unimaginable level!
But the problem is that no one will recognize it now. You value your company at one trillion dollars, and you firmly believe that it will be worth the money. If VCs don’t recognize it, then what’s the use of it...

After all, the company needs to raise funds. If it wants to get other people's money, it needs to be recognized by others.

The reason why Cai Congxin came to Yu Wenfei early in the morning was to reach an internal agreement before the meeting with SoftBank to increase the valuation of Facebook.

Last night, after carefully studying various important data of Facebook at this stage, he found that everyone underestimated Facebook.

This website is not just a simple blog site, it is a huge sticky and all-encompassing social platform!

It is no exaggeration to say that comparing various data, Facebook is no worse than Tencent's QQ in terms of social attributes.

The two just have their own strengths. QQ is more convenient in one-to-one network communication, while Facebook has more advantages in content and one-to-many social interaction.

And there is one point that many people ignore.

That is what QQ can do, Facebook can also do, such as one-to-one network communication, in fact, Facebook now has this function, the background private message is just that.

It's just that this function is not so easy to use, or Facebook has not tapped the potential of this function.

But what Facebook can do, QQ can't do anything...

For example, after a star enters the site, fans can interact with the star in real time conveniently and directly. Can QQ do this?

Like a grassroots netizen who became popular overnight and became a big V with millions of fans, can QQ do it?

For example, on Facebook, you can directly know what kind of person the other person is based on the content of their Facebook, which is not possible with QQ!

Isn't it said on the Internet that when you chat with your QQ friends, you don't know whether the person sitting opposite the screen is a person or a dog...

In addition, since Mei Muzi and Sister Fu Rong became popular years ago, Facebook has really exploded on the Internet.

The user group is no longer limited to fans of Yu Wenfei and many celebrities, and the age group has also begun to explore. In the past, there were many users in their teens and early twenties, but now many users in their thirties have also joined in.

The growth rate of new users is extremely amazing!
It has only been a few days since Yu Wenfei negotiated with Xue Chunhe from Softbank last time, and the number of website users has grown from more than 8000 million to nearly [-] million!

Perhaps, just today, the total number of Facebook users will exceed [-] million.

The more Cai Congxin analyzed, the more he felt that Yu Wenfei's asking price was too low last time!
Besides, Facebook didn’t have me last time, but now I’m here too, how could it be the same price as before.

To put it bluntly, Cai Congxin believes that his arrival is also a support for Facebook's price increase!
(End of this chapter)