In a tea room at the Rongcheng International Convention and Exhibition Center, Ma Xiaoyun, Xiao Ma Ge, Ding Sanshi, Zhang Chaoyang, and Ding Ming gathered together, all of whom were the CEOs of the network company in which Song Weiyang held shares.

"Xiaoding, I listened to your special lecture just now and found your online encyclopedia very interesting. Ma Xiaoyun said while carrying the teapot and pouring water.

Ding Ming smiled: "Old Song's idea." ”

Song Weiyang shook his head and said: "On the American side, someone put forward an idea several years ago, but it has not been done. Because venture capital institutions only focus on web portals and have no interest in online encyclopedias, they have been lacking large-scale funding. Wikipedia has also appeared in the United States this year, which may be the benefit of the bursting of the Internet bubble. ”

Brother Xiao Ma suddenly asked: "How does the online encyclopedia make money?"

"It's not profitable," Ding Ming explained, "but it has greatly increased the usage rate of search engines, which can be regarded as driving traffic to search engines, and now we mainly make money by selling search ads." ”

Ding Sanshi couldn't help but ask: "Is Sogou Search breaking even now?"

Ding Ming said with a smile: "Since last year, more and more companies have begun to make corporate web pages, and search ads have also sold very well, and now the net profit is about 5 million yuan per month." ”

"It's 60 million in a year!" Ding Sanshi couldn't help but exclaim.

Ma Xiaoyun suddenly turned his head and asked Brother Xiaoma: "Does Tencent make money?"

Xiao Ma said: "I have been losing money before, and I just broke even last month. ”

Zhang Chaoyang was surprised: "How did you do it?"

Brother Ma said: "Mobile Monternet. ”

Zhang Chaoyang and Ding Sanshi were speechless for a moment, they were also doing the mobile Montnets business, but they couldn't fight the big killer of QQ.

In order to develop Montnet's business, the mobile company promised to distribute 85% of the SMS value-added revenue to its partners, so major websites have launched cooperation with Mobile. However, as early as March this year, QQ has dominated this field, accounting for more than 50% of the business volume of mobile companies since the implementation of the "Montnets Plan".

That is to say, the most profitable business in the Internet winter, Tencent directly took half of the share with QQ.

This data has not been made public for the time being, but Zhang Chaoyang and Ding Sanshi can imagine it, because they sometimes use QQ, and they know how convenient this thing is.

Sohu and NetEase are like a pair of difficult brothers, trying all kinds of ways to make money, plus a similarly tragic Sina, now the three major portals are competing to see who loses the least. Zhang Chaoyang glanced at Ding Sanshi, and said angrily: "Why do you still have time to come to Rongcheng to attend the forum?

"That's it. Ding Sanshi smiled.

"Congratulations, congratulations!" everyone hurriedly congratulated.

Song Weiyang does not have personal shares in NetEase, but is spontaneously invested by Taurus Capital. Now NetEase is losing more than Sohu every day, which makes shareholders big and small worried, so the shareholders are asking Gangcheng Cable Broadband Company to enter the market for acquisition.

Song Weiyang can't stop this kind of thing, because Taurus Capital is not a major shareholder of NetEase.

Why do you want to congratulate Ding Sanshi?

Because Ding Sanshi is very conservative in opening the company, in addition to several rounds of financing, he still holds more than 50% of NetEase's shares. The Hong Kong City Cable Broadband Company, this time wants to package and acquire NetEase, except for Taurus Capital, other companies are willing to sell their shares. Including Ding Sanshi is also willing to sell, as long as the deal is completed, he can get more than $40 million in cash, in exchange for directly emptying his stake in NetEase.

Song Weiyang didn't know the details, and he didn't know if there was also this negotiation in another time and space.

But when the relevant news came out a week ago, Song Weiyang still paid a little attention, and then began to sit firmly in the Diaoyutai.

The acquisition of NetEase by Gangcheng Cable Broadband Company is not intended to be a web portal, but to use NetEase as a platform to carry out broadband access services in mainland China, and even wants to enter the cable television network in South China.

The reason why Song Weiyang sat next to watch the excitement was because on the day i-cable announced that it had reached an agreement with NetEase, its U.S. stock price plummeted 20 percent, and its Hong Kong City stock price plummeted 15 percent. In the days that followed, the company's stock price continued to fall, and it was not able to drag NetEase's stock higher.

Just the news of the acquisition intention will make the stock fall wildly, and the real signing of the contract will not explode? Unless the shareholders of i-CABLE Broadband are traversers or are determined to enter the mainland market, it is impossible to complete the deal.

After drinking tea for a while, everyone dispersed, and Ding Sanshi found Song Weiyang alone.

"Old Song," Ding Sanshi was in a very comfortable mood, and suddenly became very generous, "You have been saying that you want to increase your holdings of NetEase, and while I haven't signed a contract with i-CABLE Broadband, I will sell you as much as you want, which is 3% lower than the price of i-CABLE Broadband." ”

Song Weiyang smiled: "Haha, you sell it, I don't plan to sell it for the time being." ”

Ding Sanshi was really going to sell, and after leaving Rongcheng, he immediately launched a final round of negotiations with i-CABLE Broadband, and the two sides finalized the details of the transaction very smoothly. Immediately, NetEase's CEO and COO both announced their resignations, which is the basic operation of large-scale acquisition activities, and the new CEO and COO will be appointed by i-CABLE.

When the news broke, everyone felt that the matter had been settled. Ding Sanshi also thought so, the company's first and second leaders have stepped down, and he is just waiting to sign a contract to take the money and leave.

At the same time, the share price of Hong Kong City cable broadband company plummeted again, but NetEase's stock price rose only slightly.

One night in mid-June, in a bar in the capital.

The bar was already packed, with a table full of champagne and a bouquet of flowers on the bar. Many of Mr. Ding's friends, as well as senior executives who own NetEase shares, are waiting here for the celebration.

In the cold winter of the Internet, when there is no financing and no one to take over, it is indeed a thing worth celebrating to be able to liquidate the shares of a listed Internet company.

"It's coming, it's coming!"

Before Ding Sanshi stepped into the bar, some people had already picked up champagne, and some people were holding flowers and planning to present them to Ding Sanshi.

Ding Sanshi walked in dejectedly, his throat was dry, and his voice was hoarse: "Things are messed up......"

"What's wrong?" the friends asked.

Ding Sanshi smiled bitterly: "i-CABLE has terminated the acquisition plan. ”

A veteran employee who holds NetEase shares was stunned in disbelief at first, and then shouted: "How can this be!"

yes, how can this be?

You talk to someone about the acquisition, everything is finalized, they fire the CEO and COO, and you suddenly come to say that the acquisition plan is invalid.

Three days later, i-CABLE unilaterally announced the news, and NetEase immediately confirmed the news of the breakdown of the talks. Ding Sanshi has become a laughing stock in the industry, he is too anxious, he wants to realize the stock too much, and he fired the CEO and COO before signing the contract, I am afraid that the world will not find a second one to play like this.

People say that if you don't see a rabbit, you don't scatter an eagle, but Ding Sanshi saw a rabbit and let the eagle go.

This news caused the share price of i-CABLE to rise by 5.6% in one day, because investors were confident that they would not buy money-losing goods. NetEase's stock price didn't rise much before, and after the acquisition negotiations broke down, it actually went all the way up, and Ding Sanshi and the shareholders couldn't hold it anymore.

It is not only Ding Sanshi who is unlucky, but also Wang Zhidong, the boss of Sina.

Wang Zhidong went to work in the company as usual, and before his ass was hot, he was told that his positions as president, CEO and director of Sina were clean.

Every time Wang Juntao, chairman of 8848, announces his resignation, he is forced to leave, because his correct development path is completely rejected by investors, which gives Alibaba a great opportunity to develop B2C business.

The five heads of the West Lake Sword Debate last year were directly cooled down by two, and one became a joke in the industry.

And because of the ridiculous failed acquisition, NetEase's stock price is about to fall below $1. In order to raise the stock price, investors and Ding Sanshi actually manipulated the mid-year financial report and were directly suspended by Nasdaq. Finally waiting for the resumption of trading, its stock price plummeted to $0.64, and the stock trading volume has been at zero for several months since.

Duan Yongping called back from the United States and asked: "Old Song, NetEase's stock price is so low, you have always said that you are optimistic about this company, how about I enter the market to buy the bottom?"

"Yes, let's copy the bottom together," Song Weiyang said, "but don't copy randomly, let's first buy the shares in the hands of shareholders, then raise funds to increase NetEase's funds, and finally take shares from shareholders in the form of on-site buybacks." ”

Duan Yongping said: "It costs a lot of money." ”

Song Weiyang said with a smile: "Let's pay a little money privately, and let Taurus Capital contribute a little." I'll find other friends, and if I want to, I'll do it together, and if I don't want to, forget it, and I'll regret killing them when I make money in the future. ”