(The more I thought about it, the more wrong it became, so I quickly flipped to the front and found that I had miscalculated.) To correct it, Lao Song now has only more than 6 million shares of Lenovo in his hand, and it is estimated that he pressed an extra zero at that time. I can't write this plot, and I have to revise the previous one, so embarrassing...... Let's go through it. ）

Lenovo's stock price has skyrocketed this year, not only because of the positive factors we mentioned in the previous chapter, but also because of the rapid development of Lenovo Digital (formerly known as Digital China).

Lenovo Digital is a subsidiary established only in January this year, with an authorized share capital of HK$100,000, divided into 1 million shares, and each with a par value of HK$0.1. Lenovo Group transferred all its agency business to its subsidiaries, and also allowed the subsidiaries to invest in e-commerce, through private placements and public offerings, the valuation of subsidiaries swelled to more than 3 billion Hong Kong dollars (Lenovo holds 50% of the shares), an increase of 30,000 times in four months - mainly from Lenovo Group and other institutions of investment.

The valuation of the subsidiary may be fictitious, but in the process of public offering, it has actually raised nearly HK$700 million.

Perhaps in order to make money, or perhaps for business rectification, Lenovo has revealed several times that it wants to spin off its subsidiaries and go public. Every time news comes out, Lenovo's stock price will fall in a wave, so it immediately came forward to clarify, and after the clarification, it ushered in a big rise again.

The main reason is that the momentum of Lenovo Group and Lenovo Digital is too strong, and Lenovo Digital, as a subsidiary of Lenovo, has not yet been listed, but every public offering has been significantly oversubscribed. Some time ago, Goldman Sachs even specially helped issue more than 13 million additional new shares to take care of investors who wanted to buy but couldn't.

The internal private placement price of the subsidiary Lenovo Digital was only HK$0.1, but the market price of the public offering was raised to nearly HK$4.

If it weren't for Lenovo's major shareholder (Chinese Academy of Sciences) to have a policy that requires Lenovo Group to hold more than 50% of the shares of the subsidiary, Lenovo may issue new shares of the subsidiary, and it can refinance hundreds of millions of dollars in minutes.

These are the reasons why Lenovo's stock price has skyrocketed to 70 yuan, all of which are good news!

If you want money and money, you want the market to have a market, you want to have performance, you want to be famous, you want policy support and policy support, and you have to catch up with the general environment of Hong Kong stocks continuing to soar, Lenovo in the fall of 2000 is absolutely in the limelight, and it is a well-deserved leader in China's technology industry.

Song Weiyang's more than 6 million shares of Lenovo were smashed out, only a ripple was splashed, because the daily trading volume of Lenovo shares was too large. Lenovo's share price of HK$70.46 was pulled to HK$68.17 by Song Weiyang's large number of sell orders, but it quickly rose back to HK$69.

However, it also had an effect, Lenovo's stock price could not break through 70 Hong Kong dollars again, and some financial institutions holding shares also began to sell slightly. Anyone can see that Lenovo's stock price is too demonic, and those financial institutions will sell a lot of goods sooner or later, and it is estimated that it will usher in a continuous decline in another month or two.

Even without Song Weiyang, Lenovo's stock price will fall to more than 10 yuan this year due to the impact of the slump in technology stocks. When Lenovo spun off its subsidiary company to go public next year, it fell to 11 yuan on the day the news was announced, and plummeted to HK$5.85 a few days later, and has been fluctuating around HK$5.5 since then.

And its subsidiary Lenovo Digital did not make any money, and the stock price was more than 4 yuan on the day of listing, and it fell directly to less than 2 yuan a few months later.

The only good thing is that the business has been reorganized, Lenovo Group specializes in the production and sale of electronic products, while Lenovo Digital acts as an agent for foreign brands and e-commerce.

In any case, Song Weiyang sold more than 6 million shares of Lenovo this time, and still cashed out 430 million Hong Kong dollars. This pocket money can be used to continue to inject capital into Alibaba, Sohu, Tencent and NetEase, and even invest in Amazon, whose stock price has fallen to single digits next year, when Amazon's stock price has gone from triple digits to double digits.

By the way, the box office proceeds of the "Chinese Hero" that Song Weiyang invested in have already entered the account. Because it is the Hong Kong box office and the box office of other cities are settled together, so the settlement only began in August this year, Song Weiyang originally invested 15 million, and now it has become 18 million, although there is only 20% of the profit, but this kind of big investment can recover the cost is already very good.

Now Song Weiyang has a lot of spare money in his hands, just waiting for the Internet bubble to explode again next year, and it will blow up even more tragically than this year.

……

Some time ago, didn't Song Weiyang decide to invite Han Han and some celebrities to settle in to expand Sogou's blog influence?

After a detailed discussion with Ding Ming, the blog development plan was shelved, and it continued to be thrown there, and the natural and slow development of Sogou Blog was carried out. Because it is now the cold winter of the Internet, this thing cannot bring any profits, and it will not be of much help to the long-term development of Sogou.

Before the West Lake on swords, although Ma Xiaoyun and others were talking about martial arts, there was one thing they said very right. In the cold winter of the Internet, any tricks are useless, and the major Internet companies are like chivalrous men falling off the cliff, and the most important thing is to take the opportunity to practice their internal skills. Whoever can practice his internal skills well, when he goes out of the rivers and lakes again, he can kill the Quartet.

Sogou search now has to practice what it is going to practice - network encyclopedia!

Now there is not even Wikipedia, let alone Baidu Encyclopedia, once Sogou Encyclopedia is made, its importance is second only to Tencent QQ.

At the beginning of October, the capital.

Song Weiyang was invited to record the CCTV program and attended Sogou's press conference by the way.

More than 20 media outlets gathered, but the reporters were not in any spirit, joking and chatting in twos and threes, just waiting for the press conference to take the money and leave.

The Internet is dead, this is the slogan shouted by the media some time ago, no matter how much you toss it, there will be no shocking news, and readers' attention to online reports has also dropped significantly.

It's been more than half a year since I went back, and there are Internet companies established every day. Journalists are very good at paying for their carriage and horses, and when they go back, they can write articles to save the newspaper's public share, and these news are often placed in important pages, but now they are not very valued by the editor-in-chief.

There is a doctor surnamed Lu, who specializes in the Internet, and his book "77 Innovation Models of the Network Economy" is known as the bible of China's Internet entrepreneurship. This spring, entrepreneurs took a book and went to Dr. Lu to ask if their business plan was viable. As long as Dr. Lu nods, he can go back to register immediately, and then hold a press conference to invite Dr. Lu to come, and he can easily get financing.

Throughout the spring, Dr. Lu stayed in a hotel in Zhongguancun, where he held press conferences, sometimes two or three times a day.

As for now, Dr. Lu has not received an invitation for a long time, and he returned to the Academy of Social Sciences to conduct academic research with peace of mind. Years later, Dr. Lu was hired as an advisor to the central bank, participated in the formulation of the "Guidelines for Security Risks of Online Banking", and then drafted a national strategy report on cyberspace, which was adopted as a national policy after the approval of the senior leadership.

If it weren't for the dot-com bubble of 2000, perhaps this Dr. Lu would have become a businessman. After all, watching others make a fortune according to his instructions, sooner or later, you have to be tempted, and if you can't hold back, you will start a business, where will you have time to engage in academic research with peace of mind?

A reporter looked at the big digital screen on the stage and asked his colleagues around him: "Do you know what the Internet Encyclopedia Project is?"

"I don't know," the reporter laughed, "whatever you do, you can't make any money anyway." If I want to know about encyclopedias, I can just buy the "Encyclopedia of China" directly, or do I have to pay to check the Internet encyclopedia?"

Another reporter said: "Sogou search company seems to be still making money, advertising revenue is very high, and it has not been able to get a large amount of financing to support it." If you look at the three major portals now, you can't get venture capital and die of poverty. ”

"No matter how high the advertising revenue is, Sogou is at most breaking even, how can there be so many companies advertising online. ”

"Now more and more companies have begun to make company websites, and Sogou may make a lot of money in two or three years. ”

"Hell knows. ”

"Hey, Song Weiyang is here too!"

“……”

Song Weiyang walked directly to the side and sat down, leaving the home field to Ding Ming.

Ding Ming made a thankful opening remark and quickly turned to the topic: "The Internet is a world, a virtual world outside the real world, which will shorten the distance between people and between countries. The Sogou search engine was born for this, just enter keywords, click once, and you can quickly find your target in the online world. In reality, you need to know something, and the first choice for ordinary people is to look up an encyclopedia. But encyclopedias are too expensive, take the "Encyclopedia of China" as an example, there are 10 copies in the complete set, each of which is very thick, adding up to more than 100 million words, even if you buy a pirated copy, you have to spend hundreds of yuan. Moreover, it is very inconvenient to carry, you can't always go to work with a full set of encyclopedias, right? Now that the benefits are coming, Sogou has recruited 50 employees during the summer vacation this year, which is specially used to implement the 'Internet Encyclopedia' plan!"

It's kind of interesting.

Journalists are finally interested, they are writers, and they are more sensitive to encyclopedias.

Ding Ming pointed at Song Weiyang: "Please ask the typist Mr. Song to demonstrate." ”

In the chuckle of the reporters, Song Weiyang typed in the keyword "Confucius", and the first search result of Sogou was Confucius's encyclopedia.

With the mouse slowly pulling down, the reporters saw the content through the large digital screen, including the introduction, life, achievements, evaluation, etc. of Confucius, which was very comprehensive and detailed.

Ding Ming said with a smile: "As of yesterday, Sogou Encyclopedia has included 12,000 entries, and our plan is to include 500,000 entries within this year!"

Thanks to the state and the government, we not only convened more than 20,000 experts and scholars to compile the "Encyclopedia of China" over a period of 15 years, but also compiled it into a CD-ROM e-book last year. The staff of the Sogou Encyclopedia project team only need to copy and paste and directly transfer the "Encyclopedia of China" to the Internet.

Ding Ming continued: "Sogou Encyclopedia not only contains the content of traditional encyclopedias, but also more popular and fashionable things. Mr. Song, typist, please demonstrate. ”

Song Weiyang casually typed in the keyword "frog", and the reporters soon found that there were different options for this entry, one of which was called "Internet term": frog originally referred to an amphibian, and was usually used on the Internet for some bad-looking boys, and was called frog by girls.

Ding Ming said with a smile: "Many buzzwords and popular words cannot be found in encyclopedias. If you want to know, then just search the encyclopedia with Sogou, and you can easily get the content you want. ”

The reporters finally got excited, they belonged to the group of people who needed to check the information the most. Sometimes, due to the interlacing of the mountains, very simple knowledge points have to be specially invited to the teacher, which is time-consuming and laborious, and may delay the publication. If Sogou's online encyclopedia plan can be successful, then how convenient it will be to write articles in the future, you can just search it on a computer. Even if there is content in the encyclopedia, it is more convenient to use a computer, and there is no need to slowly check the index to flip through, after all, there are more than 100 million words.

Ding Ming said: "Sogou has launched a universal account, as long as you register an account, you can use all Sogou products. For example, Sogou blog, if a blog hits a certain value, we will reward the user with points. Similarly, we also call on many netizens to write online encyclopedia entries together. As long as you find that you can't search for this entry, you can write it yourself, and as long as it is approved, we will reward you with a certain number of points. These points are useful, and as for what they are for, we will tell you later. ”

This is even more reliable, now the number of Chinese netizens is close to 20 million, even if only one in 1,000 participate in the editing of entries, it can quickly enrich Sogou Encyclopedia.

There were several reporters at the scene, and when they got home, they tried to search for terms. Once you find that there is a deficiency, you will immediately edit it yourself, and then you will be very happy to accumulate Sogou points, and you will have a sense of excitement about participating in big projects on the Internet.

If there is any news worth paying attention to in this Internet winter, it must be Sogou's "Internet Encyclopedia" plan.

As soon as it was reported, it immediately caused a sensation, and many netizens spontaneously joined in.

After many years, people who are familiar with the Internet regard the Internet Encyclopedia as commonplace, but it is difficult to imagine the shock that came when it first appeared.

The foreign Wikipedia was mentioned by Time magazine in 2006, and it is alongside YouTube, Facebook and MySpace, which shows the great influence of the Internet Encyclopedia.

And now, Wikipedia has not yet appeared, and Sogou Encyclopedia was thrown out by Song Weiyang in advance, the only thing in the world.

If it were replaced a year ago, just one "Sogou Encyclopedia" was worth an investment of 50 million US dollars, and I don't know how many investors rushed to throw money.