Zhou Shi finally accepted Carly Fiorina's suggestion without shame, and when Yelp's financing negotiations were in the final stage, he returned to China and convened a formal board of directors of Guoke. At the same time, he also has to prepare cash in order to buy part of the shares, for which he is ready to cash out from Baidu's shares. You must know that this time he took over about 10% of the shares of Guoke, even if it is half of the employee price (calculated by the market value of Guoke of 160 billion Hong Kong dollars), it is more than one billion US dollars.

Mr. Zhou's shares in Baidu are about 6 percent, most of which were acquired after the merger, some in the form of stock options, and the other in the secondary market. These three ways to obtain stocks are taxed in different forms, for example, stocks purchased through the secondary market are not taxed in China and the United States. Baidu's current market value is about 35 billion US dollars, Baidu in this life is relatively stable, not as radical in the advertising market as in the previous life, maybe Baidu's CFO Wang Zhansheng has no accident in this life, or maybe Xiang Hailong went to Kangsheng to create, so that Kangsheng finally occupied the first position in the domestic CDN market. All in all, Baidu's advertising problems still exist, but at least not as rampant as in previous lives. However, netizens don't know this, and they still hate Robin Lee, so they almost didn't scold Baidu for the dog.

"I really didn't expect you to make a smartphone on such a large scale!" Wang Zhansheng sighed, after several adjustments, Baidu Wang Zhansheng and Ahri Xie Shihuang joined the board of directors, as well as Lei Jun of Time Holdings, McDonald of Galaxy Capital (casual passer-by, don't care) and Yuan Tianfa of Sixiang Fund, of course, Feng Xing and Zhou Shi are indispensable. There is a seven-member board of directors, and after the listing, the shareholders of Baidu and Ahri will leave, and there will be an investor director and an independent director to join.

"I didn't expect it either!" Zhou Shi, he really didn't expect that he would surpass Xiaomi and Huawei at most to become the top three in the global smartphone market. Now I have the opportunity to wrestle with Apple's iPhone. Although it may not be able to achieve the top three in the market, it is also a good choice to occupy the top three in the smartphone profit list. Apple's IPhone has been hit by the shell, regardless of market share and sales, profits have decreased compared to previous generations, but Nokia, Samsung, LG and Blackberry are the most affected. In terms of application proficiency, it is not as good as Android, Android and IOS, and the user experience is much more battery life. However, the blow damage to the feature phone is simply fatal. In the mobile phone market in Europe, America, Japan, South Korea and other countries, the sales of feature phones have fallen again and again. The useless use of the shell and the joining of the two-dimensional idols such as Hatsune Miku have finally opened up the Japanese market, not to mention the Korean market, although there are Samsung and LG here, but these two companies have not yet found the right feeling for smartphones, and the products produced are still a lot of gaps from the iPhone and the shell.

"You are selling Baidu's stock now, it seems that you want to break off the relationship with Baidu!" Wang Zhansheng

"Why do you think that, I'm ...... because of lack of money," Zhou Shi said

"Yes, then why don't you sell ......" Wang Zhansheng didn't say, but everyone knew that Zhou Shi held shares in Apple, Netflix and Baidu.

"My stake in Apple is about to be emptied," Zhou Shi explained, and he wants to take a stake in the husk, so naturally he has to sell the apple, and the income of three times faster is already very good. "In addition to taking a stake in the husk, some of my debts are also coming due. "He has 1.5 percent of Apple's stock, about $3.7 billion, and 6 percent of Baidu, about $2.4 billion, and about $1~200 million in taxes. Therefore, it can roughly cash out to 6 billion US dollars, in addition to the 2 billion US dollars in Guoke mobile phones (purchased at the internal employee price) and Yahoo 2.4 billion US dollars, the remaining 1.3 billion US dollars can pay off part of the debt, and can also make strategic reserves for the acquisition of Yahoo, and there are more than a billion US dollars of debt until the domestic fund matures, and the RMB appreciates to the exchange rate with the US dollar of about 6.2 and then repay, so that you can also earn an exchange rate difference. What's more, Zhou Shi's time in the United States this year is not 183 days, and it may not be in the future. At that time, you may have to pay taxes when you sell the shares.

"So you still have feelings for Baidu!" Wang Zhansheng

"Of course, this is where my dream began......" Zhou Shi, Baidu's listing, gave him a lot of financial means to use, such as equity mortgage, so the speed of capital accumulation is much faster.

"So where do you say the future of Baidu is?" Wang Zhansheng

"Your question is too broad, Baidu's situation is getting better and better, the domestic digital advertising market is getting bigger and bigger, and Baidu's advantages are there......" Zhou Shi is quite envious of Google's Baidu, which has a stable source of income, and the scale is very large, and it can do a lot of things. The instability of the game's market revenue makes it difficult to fully replicate the glory of these games in their previous lives, even if there is Zhou Shi's cheating. It's not that you can make a good game with creativity, you also need someone who can turn your creativity into reality, and more importantly, it fits the taste of consumers. He has not been worried about the funds of Time Holdings for a long time, although the revenue of the entire Time Game in fiscal year 2010 (American) may reach 3 billion US dollars (historically, Blizzard's annual revenue at this time is 4.45 billion US dollars, and Tengxun is 2.3 billion US dollars), in order to maintain its own development, the funds that can be subsidized by Time Holdings are less than 800 million US dollars. Zhou Shi also needs to subsidize Time Lab in various ways, but fortunately, there is an equity transfer income from the American Friends Network.

"But the size of the Chinese market limits Baidu's development,......," Wang Zhansheng

Baidu has established a leading position in the market, and that's something everyone knows. However, it is human nature to have Long Wangshu, Robin Lee and even Jack Ma and others saw Zhou Shi's achievements, and it would be strange to say that they had no ideas. To say that Baidu has no ideals, no ideas, it is also a wrongful Robin Lee, look at his hundreds of products, involving almost all aspects of the Internet, you know that Baidu is not without ideas, but too many ideas.

"Baidu wants to break its own limitations, in addition to expanding its market scope, it is also to open up new business areas, which is a very difficult decision for Baidu. "Zhou Shi, why the internationalization of Baidu search failed, this is really not something that Zhou Shi can know. Even if he knew, he wouldn't tell Robin Lee and Wang Zhansheng at this time, unless his acquisition of Yahoo failed.

"Baidu's market in Japan and South Korea has not been smooth, and it has only improved slightly until now, but its market share is only about 10 percent...... Wang Zhansheng

"???" Zhou Shi was taken aback when he heard this, and the black question mark immediately appeared in front of him.

"Seeing the success of Friends.com all over the world, Baidu also delegated power to the Japanese website, and then carried out localization transformation, and now it has finally achieved initial results...... Wang Zhansheng told eloquently, but he had a big crit on Zhou Shi.

MMP, isn't this lifting a stone to shoot yourself in the foot?