At the beginning of April 2001, several authoritative institutions in Huaxia jointly made a simple valuation of a well-known domestic Internet company, which appeared in the eyes of investors as a first-hand investment advisory.

Among them, the most eye-catching are naturally Tencent QQ and Qihoo 360, two dark horse companies.

Once, YY won the favor of Hengyuan Financial at a valuation of 500 million US dollars, and exchanged 200 million US dollars for 40% of the shares.

Although he was collided by the QQ that came out of nowhere, he still got all the investment funds.

And because of Zhang Jing's mistake, YY entered the field of online games, becoming the second largest online game platform in China after Yiwang, and gaining the power to fight back against QQ.

Nowadays, there is still a vacancy in the domestic online game market, and Zhang Jing is now investing heavily in the expansion of the game field, and the current effect is good.

According to YY's recent revenue, the authority gave YY a valuation of $600 million, an increase of 20% from the previous valuation, as if it had not received a blow from QQ at all.

In fact, YY's valuation has risen, which is a bit overvalued, but because of the trend led by QQ, both QQ and YY have embarked on a new development path.

Under the condition of free use to generate income, the ability to absorb gold is underestimated, and it is highly favored by people.

Therefore, YY's valuation of 600 million is completely acceptable, and if there is no QQ, it is estimated that it can be doubled.

But there is no QQ, YY is still standing still at the moment.

As YY's lifelong opponent, that is, Tencent QQ, the most powerful instant messaging software in China, his valuation is 100 million higher than YY!

With a valuation of $700 million, QQ stands in the first position of the domestic instant messaging platform.

This valuation is obtained by comparing YY, and they found that the satisfaction of QQ users is much higher than that of YY.

Whether it is at the technical level or at the operational level, QQ is higher than YY, and people are naturally more optimistic about the development of QQ, which is why the valuation of QQ can be 100 million higher than your YY.

This is still the valuation under the premise that QQ has not yet started to do online games.

Since you can find a breakthrough from the road of online games, QQ is naturally possible, and Pei Mohua's layout naturally includes online games.

You don't see that there are many online games in the previous life, but Tencent is still crazy about attracting money in them.

Even if your game is slightly inferior to other games, there will always be someone who likes it, but its user base is there.

In the area of antivirus software, it was always monopolized by Jinshan and Ruixing in the past, and the remaining small shrimp did not have much respite soil, and there would be no valuation, because there would be basically no capital to invest in them.

Later, after the war between the three antivirus software companies, these small households were even more shocked and dying, and the biggest impact on them was naturally Qihoo 360's free model.

Originally, they were surviving in the gap between Jinshan and Ruixing according to the lower price, but now the free measures of 360 have made the gap that could still have had the opportunity to shine in a beam of sunlight almost closed, and most of the anti-virus households have closed down.

For this, they hated this Qihoo 360 that robbed them of their users.

But in reality, it is so cruel, and the small countries caught in the war of the great powers will be the victims of their wars, and even a little aftermath will be enough to make them disappear.

Today's antivirus software landscape is divided into three parts of the world, with Rising at the top with 25 million users, followed by Qihoo 360 with 20 million users, and Kingsoft at the bottom with 15 million users.

In this way, it seems that Jinshan is really miserable, and the user has lost more than half, for which Huang Tianhai was once again accused by the company's directors, almost half of such a big loss was caused by his son Huang Shaoyu.

However, they had already convened a board of directors and reached an agreement, so Huang Tianhai could not be expelled from the board of directors because of this, but his prestige had been minimized because of this matter.

For this reason, many people who want to change the dynasty have begun to take action, constantly creating incidents to disintegrate the overhead Huang Tianhai.

They don't care about the state of the company today, they just think about how much they can get out of it.

Huang Tianhai also knew about these things, but he had no way to stop it, he could only pray to God not to let the situation continue to deteriorate.

And Huang Shaoyu is honest, he goes to class on time every day, no longer goes to spend time drinking, and even takes notes in class, asks questions to the teacher, and shocks a large group of people's glasses.

However, everyone has also heard of the recent failure of Huang Shaoyu's family business Jinshan, and naturally guessed a little, thinking that he rose up to study because of the company's predicament.

Everyone didn't know that Jin Shan ended up in today's field because of his wrong operation, and he decided to change himself to save his image in his father's heart.

And every time he sees Fan Hui in the 404 dormitory, he turns around and leaves, which makes people feel confused.

Previously, the valuations of Jinshan and Ruixing were about one billion US dollars, but after this battle, Jinshan's valuation dropped to 700 million, and it fell by 300 million, which can be said to have been hit hard.

In fact, the number of users of Kingsoft has dropped from 30 million to 25 million, which is not so much valuation, but because of the entry of Qihoo 360, the pattern of dividing the world equally has become three points in the world, which has shaken the current hegemony of Ruixing.

After another year and a half, this leading title is estimated to have to be given to 360.

Since Rising lost a valuation of 300 million because it lost 5 million users, how much valuation does Kingsoft have left?

There are only 400 million, more than half of which has dropped, who calls them users are gone, and they are still losing!

The most important thing is that the current market share is so much, and the competitors are so strong, especially the new big Qihoo 360, they are much better than you Jinshan, and it is not too much to cut your valuation!

The previous estimate of the domestic market capacity gave the domestic anti-virus market a valuation of two billion US dollars, does it mean that the valuation of 360 can reach 900 million?

In fact, no, although the anti-virus capacity of the domestic market is growing, but because of the free measures of 360, the current revenue of anti-virus software has been reduced.

Therefore, the valuation of Qihoo 360 at this time is about 700 million US dollars, ranking first with Ruixing!

With 20 million users, he ranked first with Rising with 25 million users!

Moreover, now 360 is still in the free period, he has no other revenue, and he can still get such a high valuation, which is enough to prove the excellence of Qihoo 360 and enough to see how optimistic investors are about Qihoo 360.

So Qihoo 360 has once again become the focus of attention of netizens and investors.

"In less than a year, it has grown from zero to a valuation of 700 million US dollars, how many yuan can you help me calculate?"

"About 5.6 billion, a lot of money, can you help me see if there are any lemons in my eyes?"

"There are no lemons, and there are two lumps of poop in the eyes. ”

"Anyway, I'm going to write my resume and invest in these two companies. ”

At the same time, the interior of Qihoo 360 is also jubilant, even if Qihoo 360 still has no revenue at this time.

But the $700 million valuation of the company gave them a lot of confidence.

Seeing that everyone was so happy, Pei Mohua was also excited: "Everyone, now we Qihoo Technology has achieved good results, which depends on the hard work of everyone here in the recent period of overtime, although the company has not yet begun to generate income, but I still give you bonuses, last month's salary, doubled!"

"Long live the boss!"

"The boss is so handsome!"

If you have money, the employees are naturally excited, what is the purpose of working so hard? Of course, it is for income, but if you don't have income, can't you talk about feelings?

In Pei Mohua's office, Ma Yinqing had just finished reporting to Pei Mohua, and the two were drinking coffee there and chatting with each other.

"I didn't expect you to become a young billionaire with a net worth of $1.4 billion in less than a year, I thought I was already looking down on you, but I didn't expect to underestimate you. ”

Ma Yinqing was a little emotional every time he talked to Pei Mohua, you think that this young man has come to that point is already very good, but he always gives you a great surprise again when you think that he is almost like this at the moment.

"This is just the beginning, and when the Internet is popularized in China, it is not impossible for these valuations to increase more than ten times, dozens of times. ”

Pei Mohua naturally knows what level of value the two companies can reach.

"And the company's valuation is so high, it doesn't completely belong to me, I will take out a part of the equity in the future, put it in the employee equity pool, and also give dividends to employees. ”

The company has developed so well, Pei Mohua naturally does not think that it is all his own credit, every employee in the company has contributed their strength, especially those outstanding employees, they deserve these rewards.

"I hope that in ten years, Mr. Ma will be one of the employees in our company with an annual salary of 10 million!" Pei Mohua said as he looked at Ma Yinqing with his chin propped up.

Ma Yinqing was so shocked when he heard Pei Mohua's words that he couldn't speak.

What is the concept of 10 million annual salary? Or is it one of the company's tens of millions of employees with an annual salary, and the company can really reach that point in ten years?

Ma Yinqing couldn't believe it in his heart, but he didn't dare to believe it even more, what Pei Mohua said before, he had already bragged about it.

For this reason, his heart was a little excited, even if it was just a big cake that Pei Mohua painted for himself, he was willing to eat it, after all, the achievements of the two companies under Pei Mohua are obvious to all.

"I hope that day, too. Ma Yinqing's tone was firm and full of enthusiasm, as if he had returned to the time when he had just graduated, and he was full of spirit.