Winning the new financial era

Chapter 393

"What the hell, this "rabbit is obedient" is a foodie!"

At Toutiao's emergency high-level meeting, some executives couldn't help but swear.

"You can't let her go so easily, just block her account!"

Some other executives objected, "The account cannot be closed. Doesn't it show that we have a guilty conscience."

"Then how do you let her go gently? This bitch is definitely the black gold that has been accepted by Doushi."

"Surely you can't let her go so easily, why don't you sue her directly for defamation."

"I think it's a bit inappropriate. A lawsuit will definitely cause things to further escalate. And she is standing behind Doushi, so she won't be afraid to file a lawsuit with us.

I think DouTV is hoping that we will have a lawsuit, and the bigger the trouble, the better. "

……

The executives chattered and discussed, and Zhang Ming was also very tired.

In order to catch up with DouTV, Toutiao has tried everything.

From poaching anchors, robbing MCN organizations, to moving videos, all tricks have been used, but the gap with Douvision can't be narrowed.

While Toutiao Video is still seeking to break through 2000 million daily active users, DouTV’s daily active users are already approaching the 10 billion mark.

A gap of 10 times makes people almost lose their fighting spirit.

And as this gap widens, the Matthew effect is about to take shape.

The number of Douvision users is growing faster and faster, because the content on it is more and more refined.

Toutiao Video has fallen into a growth bottleneck. Although the number of users is also increasing, they are all purchased with money.

What bothers him the most is that user activity is declining.

Zhang Mingsi thought about it, but he couldn't figure out where the parallax was.

In terms of technology, Toutiao's content distribution and recommendation mechanism is the best in the industry.

In terms of investment, after obtaining actual financing of 10 billion US dollars, Toutiao quickly allocated 2 million US dollars to Toutiao Video.

With this money, Toutiao Video spent money to grab Internet celebrities and put in advertisements. The effect was still there, but it was not as good as Zhang Ming expected.

He even said that it was far from what he expected.

It is difficult to do things that are not easy to spend money on.

Zhang Mingsi thought about it, and felt that he still missed the short video outlet.

Zhang Yida is a master of "blitzkrieg", which can be seen from the development track of Huimin travel.

The headline video was launched a year later than Douvision, and the opportunity has been lost.

We can only pin our hopes on the opponent's own mistakes, but Douvision didn't make mistakes, and the rise is as fast as a rocket.

Faced with such a situation, he was helpless.

"How about going abroad to make short videos? I heard that Musical.ly has developed very well in Europe and the United States, and it has also become popular in Korea.

We can enter blank markets that Musical.ly does not cover, such as Japan, Hong Kong and Taiwan, Southeast Asia, India, Central Asia, West Asia, Africa...

After gaining a foothold in these markets, we will enter Europe and America. "

Zhang Ming put forward his idea, then looked at the senior executives, expecting their opinions.

“These markets are indeed gaps that Musical.ly hasn’t covered yet, but that’s only temporary.

Moreover, compared with Europe and the United States, most of these regions are economically backward.

Even if it can occupy a part of the market, if it cannot enter the European and American regions, it may be difficult to make profits. "

One executive objected, adding: "I think we should focus our business on news distribution.

In China, Toutiao is already the overlord in the subdivision field.

But in foreign countries, we don't have many layouts.

The vast overseas market is equivalent to several Chinese markets.This virgin land is still waiting for us to cultivate.

As long as we copy the model in China to these areas, it is very likely to create the miracle that happened in China again. "

Zhang Ming nodded, "Currently the most important business of the group is indeed the news aggregation platform. We should also focus more on Toutiao.

But you can't give up on short videos!

Think about it, if we master the graphic and short video tracks, we can do too much.

Moreover, short videos are a time black hole, which can easily make users addicted to it.

The domestic Internet dividends are gradually drying up, and the stock market will be the competition in the future.

It’s not about who gets new users, but whose product users use for a longer time…”

Zhang Ming talked a lot and finally convinced other executives.

Toutiao decided to maintain the status quo of domestic Toutiao videos and divert more funds and manpower to overseas markets.

As for the transfer of the video, Toutiao pretended to be deaf and dumb.

You can't pretend to be deaf and dumb, and published a clarification article.

Said that Toutiao will strengthen the review mechanism in the future, and called on users to pay attention to originality and respect intellectual property rights.

Anyway, Toutiao did something wrong, and anyone with a discerning eye can see that there must be a platform mastermind behind the transfer of the video, and at the end of the day, there was connivance.

DouTV did not chase after it, and after gaining the upper hand in public opinion, it died down.

Anyway, after such a round of turmoil, it will be even more difficult for Toutiao Video to catch up with DouTV.

For example, Doushi is the Qidian Chinese website, while Toutiao has become a pirated website such as Biquge and Dingdian.

And this genuine version is free, with more and richer content, everyone must watch the genuine version.

……

Ruixin Group has digested it for a long time after acquiring Weizhong Tax Bank.

Now, they are eyeing a new target, the enterprise query website.

"Enterprise query websites began to blow out in 2014, and at the peak, more than 40 companies were fighting each other.

However, there are currently three companies with relatively good development momentum, Qichacha, Tianyancha, and Qixinbao.

Qichacha completed its A-round financing of 9 million yuan in September last year, with a valuation of around 5000 million yuan;

Tianyancha received an investment of 4 million yuan in April last year, and was valued at 2500 million yuan at that time;

Qixinbao was launched in March 15, and was sold to Hehe Information, the parent company of the business card Almighty King, for 3 million yuan in September of that year..."

Fang Yuhan introduced the situation of the three companies to Zhang Yida one by one.

Zhang Yida nodded, "Let's focus on the first two. The latter one probably won't be sold, and its market share is lower than the first two."

Fang Yuhan responded well, and then began to introduce: "Qichacha is currently the number one in the market, but Tianyancha is growing rapidly and has a stronger technical background.

The founder, Liu Chao, once served as the chief scientist of Sogou. He started his business the year before last, and formed a small team of four, which achieved a valuation of 2 million yuan in one year. "

Zhang Yida was also taken aback, and said in surprise, "Four people have created a company with a valuation of 2 million?"

"Yes, it is also a legend in the industry."

Fang Yuhan chuckled, "Actually, the technical barriers to this kind of enterprise query website are not high, a few IT technicians can just mess around and get a crawler software to grab the public data of the enterprise.

Data source channels: National Enterprise Credit Information Publicity System, China Judgment Documents Network, China Enforcement Information Disclosure Network, State Intellectual Property Office, Trademark Office, and Copyright Office.

If we want to build the platform ourselves, it will probably take less than half a month.

But to promote your own brand, you still need a lot of advertising investment.

In addition, these companies of Tianyancha were established a few years earlier, and they have already seized the opportunity.

It is not an easy task for us to snatch food from the tiger's mouth.

To be on the safe side, acquisition is the best. "

"Well, Qichacha and Tianyancha, which one do you prefer?"

Fang Yuhan smiled and said: "It must be Tianyancha, and the product will be launched later, but it will soon catch up with the company to check.

It is expected that the overtake will be completed within this year.And Tianyancha is an authentic Beijing University Department.

CEO Liu Chao and COO Liang Shuang both graduated from the Department of Computer Science of Peking University. Speaking of which, Mr. Zhang and you are still alumni. "

"Hey, there are still two senior brothers! Then we should buy them."

Zhang Yida's sentence was quite nonsensical, Fang Yuhan couldn't answer it.

However, she also thinks Tianyancha is more suitable because it is cheaper and has greater growth potential.

……

Fang Yuhan, CEO of Ruixin Group, personally called Tianyancha CEO Liu Chao and invited the latter to meet.

"Hello Senior Brother Liu, Senior Brother Liang!"

Both of them are no strangers to Zhang Yida. This is a well-known alumnus who hasn't graduated yet. How could they not know each other.

However, the acquaintance was limited to knowing Zhang Yida's face, and it was the first time that they had dealt with each other.

Several people exchanged pleasantries for a while, Liu Chao pondered for a moment, and said, "Junior Brother Zhang, what do you want us to do?"

Liang Shuang, who was sitting next to him, also looked at Zhang Yida. The two of them didn't believe that Zhang Yida came to them just to make friends.

Most of it is related to Tianyancha, either investment... or mergers and acquisitions.

"Ruixin Group's ambition is to become China's "Experian" and "D&B". To accomplish this goal, more partners are needed to provide suggestions, so I sincerely invite two seniors to join."

Zhang Yida spoke very elegantly, but the two of them still understood that they wanted to incorporate themselves.

"Junior Brother Zhang, to be honest, Tianyancha is already in contact with investors for the A round, and the SME Development Fund under the Ministry of Finance has expressed its investment intention to us.

The intended investment amount is 1.3 million yuan, and the post-investment valuation is 4.33 million yuan. "

Hearing what Liu Chao said, Zhang Yida thought quickly.

With this round of financing, Tianyan Chake has become half of the national team, and the direct investment fund under the Ministry of Finance accounts for 30% of the shares.

With this background, if you don’t go sideways in China, the probability of entrepreneurial success will be greatly improved.

You have to add some chips, otherwise you won't be able to fool people.

"oh, I see!"

Zhang Yida said with a smile: "This is a good thing. I expect Tianyancha to stand out from the list of corporate search websites soon."

"In fact, Tianyancha has not been in a hurry to start commercialization in the past few years, and we have been practicing hard.

We invested most of the funds we raised in research and development, and developed a graph database with independent intellectual property rights, which realized the multi-point aggregation of business entity relationships and presented them in front of users in a visual way.

After the research and development results come out, C-end users will naturally know whose query software to use to query the company's relationship more clearly..."

Liu Chao has high academic attainments. He was the No. 99 student in science in the [-] college entrance examination in Hen Province. He received a Ph.D. in computer science from the University of Illinois in the United States.

He has published 3 English monographs, 5 articles, and more than 30 international first-class academic conference papers, with a total of 1300+ independent citations.

At this time, when talking about technology, it was eloquent, and Zhang Yida couldn't understand most of it, so he nodded along with a smile.

(End of this chapter)