Chapter 692: Daddy Becomes a Billionaire

Time flies, 2003 has passed, and a brand new 2004 has arrived.

As winter deepened, there was also scattered light snow on the streets of Jiangzhou City, and the temperature dropped below freezing.

At this time, Li Feng was still a student who had just entered college, but now, he is the CEO of an international Internet group company with a scale of more than two billion dollars.

After the rapid development in 2003, Li Feng not only established a group company, but also successfully expanded the business to the American market and became an international company.

The entire Internet economy in China may be rewritten because of him, and his current ability, if not to call for wind and rain, is not much worse.

On New Year's Day, Li Feng put down his work and returned to his home in Xianhu City to spend the festival with his parents.

Now Li Feng's father Li Wanmin's career development is also very good, without Li Feng's help, his Internet café chain franchise company has covered more than 10 large and medium-sized cities in East China, through the replication of the successful experience in Jiangzhou City, Li Wanmin has set up branches in other cities, the total number of Internet cafes has been close to 1,000, the scale is huge, has become the largest chain Internet café brand in East China.

So now Li Wanmin's business is also very busy, and if it weren't for New Year's Day this time, he probably wouldn't have time to go home and rest.

When the family of three returned home, Zhang Guilan hadn't cooked for a long time, and this time it was finally time for her to play, so she bought hearty dishes early in the morning and prepared to cook a big meal to reward the whole family.

Li Feng discussed his next plans with his father Li Wanmin, and learned from Li Wanmin that his company might be listed soon, which also surprised Li Feng.

"What, Dad, this is too fast, my mixed yuan game company has not been listed yet, and your park Internet café chain brand is about to be listed, it seems that I really can't compare to you." Li Feng said.

"I didn't expect it to be so soon, originally I planned to let the Paradise Internet Cafe go public, I would free up my energy to develop the monitoring market, so I arranged a plan with my subordinates to go public, plus we have always had a cooperative relationship with your subordinate hybrid game company, so I often contact Dai Yunfei and ask him for advice on how to go public. Li Wanmin said, "Because our financial statements are very bright and the market expansion speed is also very fast, so all parties are very optimistic about us, and our listing plan is very smooth." ”

"Then what is the company's valuation now, and when will it be officially listed?" Li Feng asked.

"At present, it is about 800 million. Now the valuation has risen rapidly, from December last year to January this year, the valuation has risen by 300 million. Mainly because of our announced development strategy in 2004, we will continue to set up three regions in North China, Central China and South China, and expand our business from East China. Therefore, the market is very optimistic, thinking that we may occupy the entire domestic market in 2004, and even may push our chain brand to the international market, so that our valuation has also risen, I originally thought that it would be at most five or six billion levels, but I did not expect that it can reach 800 million now, and so on, when it is really listed, the valuation can reach one billion. Li Wanmin said happily, "After the Spring Festival this year, that is, around March, we will be officially listed." ”

Li Feng didn't expect that his father's company could now be worth 800 million, a level that even some successful Internet people may not be able to reach. Looking at the entire market, there are not many companies that can reach 800 million in the Internet field, but more companies hovering in the range of 200 million or 300 million.

And Li Wanmin actually made a chain franchise brand to a scale of 800 million, which is of course foamy, but it also shows the strength of his company.

Now in the whole East China, the park Internet café is already a well-known brand, and is a high-end brand, the Internet café has formed its own style both from the business philosophy, service mode or the overall environment, in the current majority of small and medium-sized Internet cafes are still disorderly and chaotic operation, the park Internet café has done the management to a very meticulous point, whether it is in the quality of service, or in the control of comprehensive costs, have far exceeded those small and medium-sized Internet cafes that fight alone.

Especially in the case of the overall franchise scale of the current park Internet café of thousands of people, the Internet café has a huge advantage in comprehensive procurement and negotiation with suppliers, and many electronic products and even online game manufacturers are required to provide them with channels to promote their products through the superior resources of thousands of Internet cafes.

Therefore, this wealth can reduce the comprehensive operating cost of the park Internet café to an unimaginable extent, which also allows the park Internet café to maintain high-quality services while its comprehensive operating cost is much lower than those small and medium-sized Internet cafes that work alone.

This makes those small and medium-sized Internet cafes completely lose their competitive advantage, whether it is in service, or in the environment, and even in the Internet experience, they are far inferior to the park Internet café quality, plus the price is not at all advantageous, users will of course choose the park Internet café to surf the Internet.

Therefore, many small and medium-sized Internet cafes saw this trend and had to choose to join the brand of Paradise Internet Cafe and accept their transformation and unified management.

In this way, the scale of the Internet café in the park will naturally become larger and larger, and when the Internet café in the park can be seen casually on the street, those small and medium-sized Internet cafes will not be able to join in order to survive.

Now, just the number of Internet cafes that have submitted applications to join is no less than a thousand, and there are still a large number of small and medium-sized Internet cafes that are squeezing their heads to join in.

Li Wanmin also increased the franchise fee, and now if you want to join, you must first come up with a franchise fee of 500,000 to 100,000 yuan, and even screen according to the conditions, and eliminate the applicants who are not suitable for the location, insufficient scale, and weak operation ability, so as to ensure that the overall quality of the Internet café in the park will not decline.

"Dad, it's amazing, now the valuation scale is 800 million, and when the Internet café is listed, it will be 100 million, I didn't expect you to become a billionaire now." Li Feng said happily, "If this continues, I'm afraid my new dream group will not be as good as you." ”