In mid-April 2001, the economic bubble of the Internet was blown bigger and bigger, and finally reached its peak.

Then it began to rupture.

It was a belated storm.

Heavy rain is coming.

Black clouds crush the city.

As many Internet projects around the world announced that their final investments would fail, the Internet economy began to collapse without warning that day.

Investors who could not see the future of the Internet began to withdraw their capital to protect their capital, and the stock prices of many Internet listed companies began to dive, and shareholders also reluctantly cut their flesh and sold their stocks.

With the avalanche of the Internet stock market, many of the first Internet listed companies have instantly shrunk their market value by half in less than two months, and some have even shrunk to only 10% of the original, which can be described as tragic.

Governments around the world have also taken many emergency measures against the bursting of the Internet bubble economy, but they still can't stop the collapse of the market.

The capitalists fled, the ordinary shareholders mourned all over the wilderness, and countless people met on the rooftop.

The most serious losses are also Internet companies whose assets have shrunk to the point where they are about to go bankrupt or have already closed down.

This turmoil has swept the world, and the development of the Internet in China is not as good as that of developed countries, but it has still been violently impacted.

Many Internet companies even filed for bankruptcy in the middle of the night, announcing official bankruptcy.

Many Internet workers have become laid-off workers overnight, business owners have become poor eggs, and even more have become in debt.

At this time, none of the members of the entire Internet industry were comfortable, including Tencent Technology and Qihoo Technology.

But companies that aren't listed and those that haven't thrown too much money into it won't lose that much, and they're lucky.

And those listed companies, if they do not have a strong umbrella and a strong capital chain to support, will also collapse or shrink assets under such a severe cold.

Taking domestic Tengfei Technology as an example, they are a listed company, and the impact is naturally unprecedented.

It's just that he has the strong support of capital predators behind him, and he hasn't sold too many shares to the outside world, so the losses he suffered are not serious.

But this is not serious, but compared with those companies that have gone bankrupt and collapsed, the market value assets of Tengfei Technology have still shrunk by 30%, and the losses are significant.

Pei Mohua's Tencent and Qihoo's valuations have also been impacted, but because these two companies are wholly owned by Pei Mohua and have not yet been listed, they have not been affected much.

In today's Internet industry, everyone is at risk, trembling and walking on thin ice, for fear that if one wrong decision is made, it will be doomed.

This powerful medicine has dealt a blow to Internet people, and has also made some direct or indirect victims afraid of the Internet since then.

Investors are not optimistic, no matter how much the government regulates it, the Internet stock market is still declining, and there is no opportunity to turn around.

People have given up on the Internet, and can only wait for the turmoil to subside on its own, and it is still unknown whether they will pay attention to the Internet again.

Some news media also published some articles on this:

In recent years, the international and domestic Internet industry has developed vigorously, and many outstanding Internet enterprises have emerged, but now, in just two months, the Internet industry has been completely damaged and dilapidated, and we do not know how the future of the Internet should go.

Netizens are also asking online: Is there a future for the Internet?

In Pei Mohua's office, Ding Yuqin also read these reports and comments, and asked worriedly: "Boss, now that the Internet industry is in such a recession, will we really not be affected?"

Although Tencent QQ has not received much impact on revenue under such an uproar, the general environment is still worrying.

"The bursting of the dot-com bubble economy is almost doomed. Pei Mohua said lightly: "Because of the recklessness, greed and squandering of capital, some even just want to put the company on the market and then take a handful and leave."

Capital pursues profits, they will not have any bottom line in order to make money, and there is a dirty undercurrent hidden under the turmoil!

Such a proud Internet environment will certainly not have a good soil for survival, and the failure of some enterprises' investment is naturally unavoidable.

But we don't have to worry too much, we're getting little impact now, and the storm is almost over. ”

Ding Yuqin heard Pei Mohua's firm reply, and her worries in her heart were also reduced a lot, and after more than two months of working together, she also understood that Pei Mohua was not a big talker.

She knows that although Pei Mohua is young, her thinking is mature, and the decisions she makes can hit the nail on the head and hit the sore spot.

Now that he has said so, he is naturally targeted, and Ding Yuqin is now sincerely convinced and blindly trusts Pei Mohua.

"After that turmoil, the Internet can be rebuilt very quickly. Ding Yuqin's tone was a little brisk.

Pei Mohua looked at Ding Yuqin's beautiful appearance and smiled.

Ding Yuqin's recent work, Pei Mohua is very satisfied, and it also proves that his previous decision is not wrong.

Ding Yuqin is talented, but he doesn't have a very clear view of the direction of the Internet.

"It's not that simple. Pei Mohua's fingertips tapped on the table a few times, "After this battle, shareholders have lost confidence in the Internet, investors will become more cautious about investing in the Internet, and the surviving Internet companies will also become afraid because of the turmoil."

In this way, the Internet will continue to be in a downturn for a period of time, and when there are Internet companies that can stand out in such a predicament and inject confidence into the Internet, it will be the beginning of the rise of the Internet!"

"When will such an opportunity appear?" Pei Mohua's words gave Ding Yuqin a great feeling, and she found that the development of the Internet did not seem to be so simple and rude.

At the same time, she is also fantasizing about whether Pei Mohua will let her company become an opportunity to change the status quo of the domestic Internet.

This comes from the only thing she knows about Pei Mohua, and since he has spoken out, he may come forward to save the Internet from the dire situation.

"Don't worry, at this time, it is good for us, some of the more promising enterprises have closed down, and someone urgently needs to take over.

Recently, we are planning some worthwhile project acquisitions, and we are making acquisition plans, and we will soon be able to gather a lot of excellent companies to join the company, and the cost is relatively small. ”

Now that many Internet companies are on the verge of bankruptcy, business owners are taking to the streets to seek investment, but with little success.

In such an environment, as long as there is an investment company that releases the news, there will be many Internet companies that will come to the door, and they can sell at the price and choose the best investment.

"Does the boss want to merge them into the company?" Ding Yuqin's eyes lit up, now that Internet companies are in a downturn, many companies have encountered a financial crisis, and they are planning to sell their companies at a low price, and it is also a good choice to buy them by themselves.

But Pei Mohua didn't do this: "No, I invested in them in the name of Qiuhua Holdings, and invested in them at a lower price in the early stage, and I will get rich returns in the future." ”

There are so many giants in the domestic Internet world, Pei Mohua can't take them all under his command, it is better to promote their development as an angel investor, so as to speed up the domestic Internet development process.

At that time, your own industry can spread all over the world, and that is the real wealth that can be rolled in by sitting at home.

But think about it, at present, Qiuhua still does not have much profit, after all, Tencent or Qihoo are constantly increasing investment in research and development and expansion.

Ding Yuqin nodded thoughtfully, in fact, she still didn't understand, but this also made her more convinced of Pei Mohua, with such an advanced vision, the company's reach to today depends on more than luck.

Only this person can be called the Dinghai Needle of Tencent Technology and Qihoo Technology. Ding Yuqin's inner activities are very rich.

Now that the second quarter of 2001 is about to pass, Tencent QQ's revenue in the first and second quarters is only 300 million, and Qihoo has a net loss of 50 million, Pei Mohua's burden is actually quite heavy.

Under the turmoil, Pei Mohua is also thinking about what to do next, how to improve the company's income, he has thought about making games, games are very profitable, just look at YY to make games.

But the game needs money to operate, and Pei Mohua doesn't have much spare money to do this now.

Do you want to raise money? Pei Mohua was a little entangled, he didn't want the company to raise money or raise money so early.

Nowadays, some venture capital institutions have come to the door and want to find Pei Mohua for financing, ready to enter Tencent or Qihoo, but the prices offered are not very ideal, and Pei Mohua, who has not thought about financing, will naturally not agree.

So the financing thing has been put on hold.

Now that the Internet is still in turmoil, it is estimated that not many investors dare to make venture capital in the midst of the turmoil.

They are gamblers, but they are sensible gamblers, and they will not make easy moves without careful consideration and research, let alone in today's turbulent environment of the Internet economy.

If they want to make a move, they must give them irresistible temptation of interests, which Tencent or Qihoo does not have today.

So Pei Mohua no longer thought about financing.

Isn't it fragrant to own so many unicorn companies by yourself? It's very fragrant, but it's a little uncomfortable to eat.

But what should be eaten still has to be eaten, and Pei Mohua is already planning what to eat in the next bite.