Rebirth of the Wild Age

Zhongguancun, known as the "Silicon Valley of China", was a desolate cemetery in the Ming and Qing dynasties. Most of the eunuchs in the palace were buried here.

The **** is also called "Zhongguan", so it is called "Zhongguan's Tomb" here.

At the same time, the eunuchs also bought a house near Zhongguancun, so they had a place to stay when they were old, and they were dragged directly to Zhongguancun for burial when they died. The powerful eunuchs also built Buddhist temples here, allowing the retired old eunuchs to burn incense and pray for the Buddha, and pray for the ancestors' forgiveness-the little brother is gone, and he has no face to face his ancestors after death.

Gradually, "Zhongguan Tomb" became "Zhongguan Tun", and it was renamed "Zhongguan Village" during the Republic of China.

After the founding of New China, the "Zhongguan Village" was designated as the capital's cultural and educational district, and a large number of colleges and universities moved here. "Zhongguan" really has no connection with cultural people. Writer Guo Moruo swiped his pen, and the name of "Zhongguancun" was decided in this way.

Beginning in 1984, batches of scientific and technical personnel went to Han merchants, and Zhongguancun became the "electronic street" of the capital.

Until now, there are so many technology companies and electronic shops that they have developed into daily traffic jams.

In order to alleviate traffic pressure, the government cut down many large trees that were decades old last year to widen the road as much as possible, but it still cannot solve the bad traffic conditions.

What's more troublesome is that there is no decent office building nearby.

This year, the central government’s signal has become clearer and clearer. The real estate developers have heard the news, and Zhongguancun has immediately become a large construction site-several office buildings have been built at the same time.

Zhongguancun Building was built relatively early, and finally opened for business this year. Sohu.com and Sogou Search jointly rented a whole floor for office use.

Today, more than 30 mainstream media reporters across the country gathered in the public conference room of the Zhongguancun Building.

"Old Li, have you heard of Sohu.com before?"

"I temporarily learned to surf the Internet yesterday and logged on to Sohu. It felt pretty good."

"I heard from my friends that several American companies have invested in shares this time, and they must invest at least one or two million dollars, or U.S. dollars!"

"I estimate that I will invest 3 million dollars!"

"This Chaoyang is about to become a multi-millionaire."

"The high-tech industry is about making money."

""

The reporters talked a lot in private, admiring Zhang Chaoyang, a young man, and showing a keen interest in the emerging industry of the Internet.

Zhang Chaoyang walked into the conference room in a suit and leather shoes, stopped at the door, and smiled and invited the investment representatives in.

"Crack, click!"

Flashes all around.

Everyone was seated, and Zhang Chaoyang raised his hands and said, "Thank you friends from the press for coming to participate in Sohu's financing signing ceremony in Baimaozhong. My name is Zhang Chaoyang and I am the CEO of Sohu. After nearly two years of development, Sohu.com, It has grown into China’s largest Internet business company, and has taken the lead in launching a web comment function in the world. This is a great initiative. People will be more closely connected with the world. The Internet is becoming bigger and the earth is changing. , Sohu.com is valued at 13.5 million U.S. dollars. IDG, Intel, Harrison, Dow Jones and Hong Kong's Hang Lung Company will jointly inject 6 million U.S. dollars into Sohu.com today."

"Wow!"

The reporters were all stunned.

"13.5 million U.S. dollars? That's more than 100 million yuan, right?"

"It's amazing. Sohu was founded less than two years ago, and it didn't make much money. It was actually valued at more than 100 million."

"What's more, these five companies have to invest 6 million US dollars. Sohu's market value adds up to 160 million!"

"I don't understand, I don't understand, it's so profitable to engage in the Internet!"

"How many shares does Zhang Chaoyang have? Isn't it a sole proprietorship?"

"I don't know, but the multi-millionaire definitely didn't run."

""

This is the first time a Chinese business website has received financing from the United States. How can journalists have seen such a big deal? In their opinion, a website is only one, and they can't figure out that it can be worth more than 100 million.

Because this is 1998!

The Internet bubble in the United States has blown so much that many young people have become multimillionaires, even billionaires, through financing.

All investors firmly believe that the Internet represents the future, and the prosperity of the Internet has just begun-this is true, but the timing is wrong.

American Internet companies have been robbed, and Wall Street is looking for any potential website to invest in. And China is still undeveloped, and this has promoted the falsely high valuations of Chinese Internet companies.

Historically, Zhang Chaoyang had to make Sohu.com a portal website in order to "defraud investment." Sohu has just succeeded in its revision, and its traffic is much lower than that of People.com. It was valued by Wall Street at more than US$3 million and received a one-time investment of US$2.1 million.

Now it's different. Sina has not been officially established, NetEase is still selling software, Sohu is the only portal website in China, and the number of visits exceeds that of People's Daily Online!

"Be quiet, please be quiet." Zhang Chaoyang smiled, he is today's protagonist.

Neither Song Weiyang nor Ding Ming showed up, just to highlight Zhang Chaoyang. In order to build momentum, Sohu.com must hold up an entrepreneurial hero, create a wealth myth, and thus become a hot topic among common people.

Under the lens of the reporters, Zhang Chaoyang, on behalf of Sohu.com, signed contracts with representatives of five companies.

At this point, Sohu’s stocks have become: Song Weiyang 38.07%), Zhang Chaoyang 27.34%), Ding Ming 3.81%), IDG 6.62%), Intel 6.81%), Harrison 6.65%), Dow Jones 5.95%), Hang Lung Company 4.75%).

Dogs are expected to be listed on the US IPO next year!

If it fails to go public next year, Song Weiyang will not plan to go public, and will postpone it until 2003.

Because until the first half of 2000, American investors had a blind enthusiasm for the Internet. "Whether you make money or not, regardless of the lack of feasibility of your profit model, as long as you have a lot of traffic, as long as you are well-known, then you will be crazy about throwing money in.

In the second half of 2000, the Internet bubble began to burst, and investors became more and more cautious.

Historically, Sohu vowed in July 2000 to repeatedly lower the issue price, but it still broke that day, and the closing price on the first day fell by $0.0325 from the issue price.

If Sohu can go public next year, Song Weiyang will sell a portion of the cash after the six-month period has passed, and then sell a portion of the cash in another six months. When you have enough money, you should basically encounter a sharp drop in Internet stocks. At this time, you will buy back the shares at the bottom. After two or three years, you will become a major shareholder, and the stock price will rise again.

Free interview session.

The reporters suffocated their energy and began to ask: "Mr. Zhang, how much Sohu equity do you own now?"

Zhang Chaoyang smiled and said, "Almost 30%."

The reporter said: "In other words, your current net worth is more than 6 million U.S. dollars, and converted to RMB 50 million!"

"Almost." Zhang Chaoyang said.

"How much money did you have when you started your business?" the reporter asked again.

"Tens of thousands." Zhang Chaoyang said.

"Wow!"

The reporters once again exclaimed that in less than two years, tens of thousands of yuan has become 50 million, and assets have increased by 1,000 times!

Another reporter asked: "Zhang, can you share your entrepreneurial experience?"

Zhang Chaoyang said: "Yahoo went public two years ago, the total stock price reached 500 million U.S. dollars on the first day, but their turnover last year was only 1.3 million U.S. dollars, and the actual loss was 630,000 U.S. dollars. Among the two founders of Yahoo, One of them is Chinese. I’m thinking, Yang Zhiyuan is okay, why can’t I Zhang Chaoyang? I went back to China to investigate the Internet environment in China, so I wanted to be China’s first commercial website. I was looking for investment everywhere in the United States, and also China looked for investors and rushed back and forth for more than a month, and finally found a boss willing to invest."

"Who invested?" the reporters asked with their notebooks.

Zhang Chaoyang smiled and said: "Here, I want to thank Mr. Song Weiyang for providing me with the start-up funds."

"Song Weiyang, Chairman of Xifeng?" The reporters suddenly became excited ~ www.readwn.com ~ has another news selling point.

"Yes, it is Mr. Song Weiyang," Zhang Chaoyang said, "At the same time, I would also like to thank our entrepreneurial partner Ding Ming. At that time, we had only a few employees, and we were all in the basement for food, lodging and work. We ate instant noodles for two months at the hardest time. Ding Ming took over all the logistics work and later took charge of administrative work, making a huge contribution to the development of Sohu.com."

The reporter wondered: "Who is Ding Ming?"

Zhang Chaoyang said: "Ding Ming is Mr. Song Weiyang's college roommate. He didn't finish his sophomore year in Fudan, so he followed me to start a business. His current net worth is almost 6 million."

It's a news break again!

Sophomore at Fudan University, still Song Weiyang's roommate, but like Bill Gates, he started his own business and gained more than 6 million net worth in two years.

The reporter asked: "Why didn't Ding Ming come today?"

Zhang Chaoyang said: "Ding Ming has resigned from Sohu.com's management job and founded Sogou.com. The company is next door. Mr. Song Weiyang and I also have shares. Ding Ming is very busy now, so I can't come to the signing site today. "

The reporter asked: "Is Sogou a portal like Sohu?"

"No, Sogou is a search site, which is completely different from Sohu's profit model," Zhang Chaoyang said. "If it goes well, Sogou's valuation next year can reach more than US$5 million."

The reporters are all numb. This Nima can easily make millions of dollars. It is easier to make money than to rob a bank.

Zhang Chaoyang also talked about various entrepreneurial stories, half true and half made up. For example, living in a basement is a real thing, but eating instant noodles is a fabrication out of thin air.

But reporters like it. They don't know much about the Internet. It's enough to catch these entrepreneurial stories and report them crazy.

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