At around 8 o'clock in the morning on March 30th, Mr. Ma just entered the office and heard a good news that the QQ game hall had entered the final testing stage and could be launched next week.

In fact, the main body of the QQ game hall has already been completed, and Mr. Ma spent an extra week in order to keep improving and let the technical team find breakthroughs in the interface and operation.

Mr. Ma is full of confidence in the game hall, and he believes that with this move, QQ will definitely compete for users from WeChat.

But just when Mr. Ma was full of confidence, his investor Mih couldn't sit still, and the penguin, a chicken that used to lay golden eggs, now looks a little miserable.

However, MIH is not the largest shareholder now, he only holds 33% of the Penguin's shares, the remaining 60% is in the hands of the Penguin team, and the remaining 7% is in the hands of IDG.

Later, MIH acquired 20% and 12.8% of Penguin's shares from them, and 13.5% of the shares from Mr. Ma and his founder, so that MIH became Tencent's largest shareholder.

In his previous life, MIH had always had a tolerant and trusting attitude towards penguins, and the two were not at all like a relationship between an investor and an investee, but more like a partnership.

From the outset, MIH had big hopes for the penguin, believing that its future would certainly be brilliant.

As it turned out, HIM was right.

But that was a matter of the previous life, and now that there is the variable of Yu Song, the future of the penguin is a bit stormy.

In this case, the top management of HIM couldn't sit still, and they sent a representative to Huaxia to have a good chat with Mr. Ma.

The representative who came this time was called John Dora, and as soon as he got off the plane, he rushed to the Penguin headquarters and found Mr. Ma, who had just gone to work.

Mr. Ma only received a notice from MIH yesterday, but he didn't expect the representative to come today, and it seems that MIH is really in a hurry.

"John, welcome. Mr. Ma said enthusiastically.

Mr. Ma and John have worked together for a while, and the two of them are old acquaintances.

John smiled and replied in broken Chinese, "Thank you!"

Mr. Ma smiled and asked in English, "John, do you have something to tell me this time?"

John nodded, "This time I'm here to convey the company's suggestion, hoping that Penguin can temporarily give up its interests and compete for lost users by sacrificing interests." ”

Mr. Ma was stunned for a moment, and then asked, "Could it be that your company has lost confidence in me?"

John waved his hand and said, "Friend, please don't get me wrong, everything the company does is to hope that the penguins can develop healthily." ”

Mr. Ma said: "Okay, then please continue, I also want to hear your company's opinion." ”

John said seriously: "Our company's opinion is to completely stop all advertising cooperation, and all paid services of QQ are sold at low prices and discounts to recover lost customers."

When necessary, you can take a free giveaway activity to let QQ own and >

After listening to this, Mr. Ma replied: "John, our company has discussed your method before, but the result is not feasible.

The main income of the domain company is based on WeChat farm, WeChat is just a side product, but the main income of penguins comes from QQ.

Once we give up these revenues, it is a catastrophe for our company. ”

John nodded, "I know what you're talking about, but this is the last resort." ”

Mr. Ma shook his head, "No, John, you don't understand. If giving up these revenues can save users, I will definitely do it without hesitation.

But have you ever thought about if the domain company also gave up

With WeChat's revenue, we can't compete with them at all.

Moreover, once Penguin stops all its value-added services and advertising business, then the whole company will not have much money.

Penguin needs to maintain such a huge team, but also to purchase a large number of servers and supporting bandwidth services, as well as the company's other miscellaneous expenses are also a lot of money, without income we can't last long.

The consequence of this is that after half a year, WeChat will lose some benefits at most, but for Penguin, it will be a failure. ”

John said: "Mr. Ma, the situation you are worried about, our company has long anticipated.

The company does not want to see QQ fall like this, and our company is willing to increase its holdings of Penguin shares again under such circumstances.

On the IDG side, we have communicated again to try to buy back 7% of their shares.

At the same time, we are also willing to buy an additional 20% of the shares from you and your team, and we can negotiate the valuation slowly. ”

Mr. Ma smiled slightly, "Does your company have no requirements?"

John said: "Our company has always trusted your company, and there is only one requirement for this increase in shares, that is, the funds injected this time can only be used as operating capital for Penguin at this stage, and you and your team cannot cash out!"

After listening, Mr. Ma already understood what Mih meant.

MIH doesn't want to let QQ be lost, and their previous investment is tantamount to a waste.

They want to gamble again, and when they lose, they lose a little more.

But if the penguins can carry it, MIH can make too much!

This is venture capital! There is risk, there is a big return!

If you don't have a 7% stake in Penguin, or get a stake from Mr. Ma's team, it's almost impossible.

Even if it is possible, the price of the stock will definitely outpace the market by a lot, but now that the penguin is in crisis, MIH will definitely push the price of the stock down a lot, which is the most common in the mall.

Mr. Ma smiled slightly and asked John, "Is there anything else you want to tell your company?"

John said: "Actually, what I just said is just one point, I have another suggestion for this visit to the group, and I hope Mr. Ma can adopt it." ”

Mr. Ma stretched out his hand and said, "Please speak!"

John said: "The group studied the WeChat of the domain company, and combined the opinions of some of our analysts, I hope that Penguin can put more energy on the development of new products in the future, as long as the new products can attract enough users, they can stand on their feet."

The group felt that if the penguins simply imitated the functions of WeChat and developed products, the result would be certain to die.

Only by making every effort to develop new products and strive to catch up with WeChat in the product itself can it be possible to reverse this situation. ”

Mr. Ma nodded after listening, "Your company's suggestion is very pertinent, and my team and I will accept it humbly." ”

John saw that Mr. Ma was just polite, so he asked, "Mr. Ma, how did you think about the stock?"

Mr. Ma said, "John, don't worry, I'll take you to see something." ”

John doesn't understand, what time is it now, you still look confident and don't care, is it necessary?

But John can't be angry, the company is most afraid that Mr. Ma will break the jar, and it will be troublesome if he doesn't sell his shares.

Mr. Ma took John out of the office and walked towards the QQ game hall development department.

Halfway through, John persuaded: "Mr. Ma, how much effort has you and your team spent on the penguin to get to where it is today, do you just watch it fail like this?"

Mr. Ma smiled: "John, the company is my hard work, and I naturally won't watch it decay."

In fact, what I want to show you is a new product recently developed by Penguin, QQ Game Lobby. ”

John subconsciously repeated: "QQ game lobby?"

Mr. Ma nodded, "There is the credit of the sticker, and the credit of the farm."

But why did QQ fail? There is only one reason, and that is that its function is >

"That's right," John said, "that's what the top of the company said. ”

Mr. Ma continued: "Just now, John, you also said that if you want to surpass WeChat, the only way is to develop new products.

The QQ game hall is a new product that we have spent a lot of time and effort developing, only as soon as it is launched, I am 80% sure that I can fight back the lost customers from the hands of WeChat. ”

John's eyes widened, "Mr. Ma, then I want to ask, how is the progress of your new product?"

Mr. Ma smiled slightly and said confidently: "It has been tested in the past few days, and it is expected to be launched next week." ”

John perked up, "Mr. Ma, can you take me to experience this new product now?"

Mr. Ma nodded, "John, my friend, I originally brought you to experience this new product."

I hope that when you go back, you will inform the top management of your company that you do not lose faith in the penguins, and that we have the ability to take responsibility for the future of the penguins. ”

John said: "Mr. Ma, don't worry, I will tell you on my behalf." ”

When I came to the project team in the game hall, the employees inside were busy, and when they saw Mr. Ma coming in, everyone greeted each other.

Mr. Ma's face also regained its previous look, this is the place where QQ restarts, and it is also where Mr. Ma's confidence lies.

When John saw this scene, he praised him: "Mr. Ma, your employees are very conscientious! I believe that the penguin's tomorrow will be better and better." ”

Mr. Ma smiled slightly, did not answer, but took John to a computer, on which the QQ game hall was installed.

John sat in front of the computer at the invitation of Mr. Ma, and under the explanation of the developer, opened the QQ game hall.

As soon as he opened the game, the screen made John refreshed and looked good!

Mr. Ma smiled and watched John try the game, but his mind went to other places, as if he saw QQ re-emerge.

John tried to play for more than ten minutes, stood up and said excitedly: "Mr. Ma, I have to admit that this product does make up for the weakness of QQ, as long as it can be launched and do a lot of publicity, I believe QQ will definitely be able to come back to life." ”

Mr. Ma smiled slightly, "John, Penguin has always been a company with a high-end development team, you must believe us." Even in difficult times, we can still find a breakthrough. ”

John praised: "Mr. Ma, I will apply to the company after I go back, and inject capital into your company again, which will definitely make this product get enough promotion opportunities." ”

Mr. Ma's face was also full of smiles, "My friend, then I will thank you in advance." ”

John smiled and nodded, looking like he wanted to say something.

Mr. Ma quickly caught John's expression and asked, "John, do you have any questions?"

John was a little embarrassed and said, "Mr. Ma, I don't know when your product will be launched?"

Mr. Ma thought for a moment, "If there is no problem, it should be next week." ”