Chapter 1013: Can't keep loneliness

After the new technology wave entered the spring of 1999, there were signs of fanaticism. When the Internet entrepreneurs in Zhongguancun in Beijing discussed financing, they counted tens of millions of dollars. Chuangyu and Dongda Technology Development Corporation jointly invested 8 million yuan in JOYU to develop online book sales business of B2C model. In the eyes of domestic Internet elites, it is not worth mentioning at all.

E-commerce is the hot spot in the Internet industry at present. In addition to Zhuoyu.com, there are also many e-commerce websites that have been invested in and established at the same time. They all chose books and audio-visual products as the wedge point of e-commerce. What attracted Zhang Ke's attention was the 8818 Online Mall registered and established in Wenzhou, East Zhejiang.

The investor of 8818 is also a domestic private capital. Hongxin Investment, hidden behind Xintong Bank and Hongxin Construction, is the first investor, but the second investor is Zhang Ke unexpectedly Haisu Technology. The media reported that 8818 Online Mall received a total of 50 million investments from two companies.

In comparison, it is a bit too shabby for JOYU to receive only 8 million yuan in total.

In any case, Zhuoyu is currently the largest investment in Chuangyu. Although the first investment is only 5 million, Chuangyu will continue to inject capital as long as the initial market target is achieved.

To truly build e-commerce and form a certain business scale, at least hundreds of millions of funds are required to invest at least.

Chuangyu's own business has only 20 to 30 million cash flow per year. It is planned to get four to five years of profits to a project. Investing in Zhuoyu can be said to be the key layout of Chuangyu's development. Du Fei also tilts Chuangyu's resources to Zhuoyu's domain network as much as possible. Jianye Kewen's daily management rights are still controlled by founders such as Ma Li, Yang Weiyi, but Du Fei will not give up participating in the strategic decision-making of Zhuoyu's domain network (JOYU).

When Jianye Science and Technology Company moved to Dongda Science and Technology Park, Zhuoyu Network entered the preparation period. Zhang Ke was idle and helped Du Fei do some business planning work. For Jinhu, Zhuoyu Network can be done, and it will be an important Internet platform resource in the future.

"The sales of the business within one year reached 8 million, and the loss must be controlled within 6 million. Only after achieving this goal will there be a second financing - will this goal be too conservative?" Zhai Danqing knew that Zhang Ke had nothing to do to help Du Fei. She occasionally cared about what Zhang Ke was busy with, who was not doing business. Seeing Zhang Ke writing business planning materials for Zhuoyu Network all day long, she was speechless. He didn't care much about the investment of hundreds of millions or even hundreds of millions of yuan under Jinhu, but he rushed to a small project with an investment of eight million yuan.

"Why are you conservative?" Zhang Ke asked Zhai Danqing unconsciously. He lay lazily on the sofa in the living room of the apartment, holding his head with his knees, bent his knees, and put the material on his knees.

"Hongxin dug up Zhang Wenxin, the marketing director of Microsoft China, to 8818. Do you know?" Zhai Danqing thought that Sun Jingmeng didn't know when she would come back, so she stood next to the sofa without being seated by Zhang Ke.

"How can you not know this?" Zhang Ke smiled. Nowadays, the Internet is like a top lady, and it attracts attention wherever it goes. Zhang Wenxin dug 8818 to Hongxin as the marketing director. The media created a lot of news that Chen Xinsheng jumped from Deyi to Jinhu back then, and said with a smile, "Haha, Oak Garden Venture Capital transferred Quanteng Online's equity, and made at least ten times more profitable on the surface. Hongxin and some other domestic private capitals are also strange to be jealous-"

"The Yan family has accumulated a solid foundation over the years, and diversified development is an inevitable choice. Since Kumho can make profits in the Internet industry, it is normal for them to come down to try the waters. The Economic Research Center has obtained some contents of the 8818 business plan. They will reach 20 million sales by the first half of next year - the advertising investment is 30 million. What is strange is how could they bring Haisu Technology into it?"

"The mud is not enough to stick to the wall. Haisu Technology has also won the title of pioneer of the domestic software industry!" Zhang Ke smiled, picked up a book on the coffee table, looked at the price at the back of the book page, and said, "This book is only 20 yuan, which means they pay 30 yuan in marketing expenses for the sales of a book - they are very ambitious and want to be an Amazon in China. Unfortunately, although we are all saying that the future development potential of the Internet is unlimited, the reality is that Chinese Internet users have just reached 8 million. Before the middle of next year, they will have to reach 20 million sales, and the advertising investment of 30 million is probably still a bit insufficient. To reach this amount, the marketing expenses of 50 yuan in a book are about the same."

There are only 8 million netizens in a population of 1.3 billion. The traditional advertising carriers are used to promote markets, which are the shortcomings of catching small fish in big-eyed nets. It is really impossible to imagine that the buses that print advertisements of Internet companies are shuttled through the streets and alleys of cities, and the advertisements of Internet companies are broadcasting at the end of CCTV TV series. How much good steel will be really used on the edge? It is really doubtful. In the fanatical wave of new technology, Internet elites rarely consider these issues - venture investors rarely consider these issues. If Internet elites do not burn out the money in a limited time, they will have strong dissatisfaction.

Zhang Ke, Du Fei, Ma Li, Yang Weiyi and others designed a marketing promotion route for Zhuoyue.com, whether it is to implant advertisements into computer pirated CDs, whether it is to place advertisements in a chain of Internet cafes that gradually become large in central cities, or to place advertisements on portals, the publicity is much more accurate.

Oak Garden Venture Capital Fund invested in Quantum Online two years ago. Before going to Quantum Online to cash out ten times its investment profit before going overseas, it still retains 15% of Quantum Online's equity. This is naturally well-known in the industry.

"I really don't understand. Quanteng Online is going to be listed on the Nasdaq. What is Kumho in a hurry to cash out?" Wang Haisu sat opposite Xie Jiannan, Lin Xue, and commented on Kumho without much scruples. "According to the preliminary listing pricing, the equity transferred by Oak Garden will be transferred after it is listed, and it will be less doubled... The capital market is the king."

"If you transfer it after it is listed on the public, you will have to wait for at least six months before the transfer will be allowed," Lin Xue said with a smile, "Maybe Jinho doesn't have the patience, Mr. Xie, what do you think?"

"..." Mr. Xie raised up and looked at the Yangui Lake outside the north window. On the north side of Hubei is the Oak Garden Experimental Park and the Entrepreneurship Park. The ruined place two years ago was already full of flowers and the scenery was charming. They were in the office of Jianye Software Industrial Park. "Jinhu should not be without this patience." He thought to himself that Jinhu did not lack the 300 million yuan in his hands, although this money seemed huge in their eyes.

"Maybe there are obstacles to listing overseas?" Lin Xue guessed.

Xie Jiannan nodded. Although Lin Xue is not familiar with the knowledge of the capital market, she can guess some rules. If you want to list on Nasdaq, how can domestic companies gain absolute control? However, in his opinion, it may be a way for Jinhu to transfer assets overseas. After all, the equity transferred by Jinhu is definitely worth more than 38 million US dollars. Zhang Ke and the senior executives of Jinhu are definitely not without vision. Xie Jiannan thought so in his heart, and did not want to share these doubts with Lin Xue and Wang Haisu.

"It's meaningless to discuss the fat meat in other people's mouths, especially the fat meat in Kumho's mouths makes people hate it," said Lin Xue, "Let's talk about our affairs. Mr. Xie, you are a professional, please tell me..."

Affected by the wave of new technology, domestic officials' minds are inevitably getting hotter. The Ministry of Information Industry, the Planning and Development Committee, and the China Securities Regulatory Commission have jointly issued a document to promote a group of enterprises in the field of new technology industries to enter the capital market, so that the domestic capital market can also be baptized by a wave of new technology. Some people also actively promote the establishment of a technology stock section in the Shanghai securities market.

Jingdian Real Estate has neither Kumho's huge profitability nor Kumho's unique connections among Chinese businessmen in Southeast Asia. At least in April 1999, the profitability of the real estate industry was not much higher than that of traditional industries. If Jingdian Real Estate wants to develop rapidly, it can obtain the funds needed for development from banks. However, the bank loan amount is limited after all, and interest must be paid - entering the securities market to make money from the stock market is a shortcut.

It will definitely not be able to wait for the CSRC to launch the technology stock sector, and Haisu Technology's financial situation cannot be listed directly. However, so many state-owned listed companies in China are flooded with interest. By borrowing a shell to install Haisu Technology's software industrial park business, you can achieve the purpose of curve listing, and you can also use the themes of the new technology wave to hype it up.

In May 1997, Kumho introduced its DVD player business to the Hong Kong securities market through a backdoor, sweeping away 4 billion yuan at once. It is not only a classic that is talked about in the industry, but also makes people particularly jealous of wanting to copy Kumho's classic battle in the domestic market.

Xie Jiannan knew that Lin Xue had a very special relationship with Huaxia Electronics CEO Ge Jiande and Jianye Municipal Party Committee Deputy Secretary Hu Zongqing. If you want to talk about shell resources, whether through Huaxia Electronics or through Jianye Municipal Government, backdoor acquisition is not a big problem, but it is definitely a big problem to be able to go from the stock market circle after listing.

It is true that Kumho's DVD player business has suddenly swept away 4 billion yuan, but before the backdoor listing, Kumho's DVD player business had an annual net profit of about one billion yuan. After the backdoor listing, the market environment has changed. In addition, the tax and fee preferential period has gradually passed, and the profitability has weakened. However, Aida Electronics' annual profit in 1998 remained above 600 million yuan, and its stock price also returned to a high of 10 billion yuan in April this year - all of this is supported by market performance.

What is Haisu Technology?

Xie Jiannan didn't really want to get involved.
Chapter completed!