Chapter 479: Look at it rising a tall building, watching it feast guests, watching it collapse!
At the moment, World of Warcraft has been a success in China, and Ma Huateng is getting closer to the position of president of Tencent Technology (China).
Li Zetian pondered, the sooner Ma Huateng was put in power, Tencent would be able to develop faster in China, what ...... Carry out plagiarism to the end, Tencent homepage, Tencent video, super whirlwind, QQ browser, QQ music, QQ pinyin input method, QQ music, QQ space, QQ farm, QQ video and so on all as soon as possible to create a strong Tencent business empire in China.
China has a population of 1.3 billion, the United States has only 300 million, the total population of Europe is 700 million, and the total population of Europe and the United States combined is only 1 billion.
With the recovery and development of China's economy, the Chinese market is more important than the U.S. market.
Tmall's "Double 11" single-day transaction volume exceeded 168.2 billion yuan, but Amazon.com was absolutely impossible, and the highest day of sales at Amazon's Prime Shopping Festival was only "2 billion US dollars", which was converted into RMB and only more than 10 billion yuan. The difference between the two is 108,000 miles!
In addition, China is the core economic, cultural and political hub of Asia, and it is easier for Chinese companies to gain a foothold in Asian countries.
As we all know, Asia has a large population, and seven of them have a population of more than 100 million: China has more than 1.3 billion, India has more than 1.1 billion, Indonesia has more than 250 million, Pakistan has more than 180 million, Bangladesh has more than 150 million, and Japan and the Philippines are all in the early 100 million. Other countries do not have a population of more than 100 million, but they are also very large, such as Vietnam, which has a population of 90 million.
The Asian market is huge!
On July 30, Ma Huateng received a letter of appointment.
He opened it and almost screamed with excitement.
"I want to be the CEO of Tencent Technology (China)!!"
"Congratulations, Mr. Ma!"
"Congratulations, Mr. Ma!"
Tencent Technology (China) executives congratulated one after another.
Li Zetian and Li Youran also sent emails to congratulate him.
The next day, when the news broke, China's major media outlets sent reporters to interview Ma Huateng. The spring breeze of Ma Huateng is proud, and the whole person is full of energy, as if he has a second spring!
Later, under his auspices and at the behest of Li Zetian, Tencent began to "run amok" in China, and it can be expected that the Chinese Internet will be full of complaints in the near future......
Once the success is done, Tencent is going to step on their corpses and climb up!
……
On the morning of July 20, Chen Tianqiao announced that Shanda Group had launched the corporate listing process and chose to list on the NASDAQ in the United States for financing. In fact, Shanda Group has long wanted to go public, and has been preparing for a long time, and the relevant application documents prepared by sponsors and other intermediaries have already been sent to the SEC for review.
Based on Shanda's current profitability, there should be no problem in passing the review, and it is expected that in a few months, Shanda Group will be listed in Hong Kong.
As soon as the news of Shanda Group's preparation for listing came out, the Chinese game industry was shaken, and other game companies also moved their minds and planned to go public for financing.
After Li Zetian heard the news, he was not surprised.
Shanda Group will be listed on the stock exchange, and the situation of China's Internet pattern has been formed, and Shanda Group will not be able to make any big waves in the end.
In addition, Shanda Group is almost a family-owned company, and many of the company's top executives are relatives of Chen Tianqiao. It is conceivable that such a family business can develop? The Shanda Group in the previous life was out of the ordinary!
At the beginning of October 2004, Shanda Group was successfully listed in Hong Kong and raised $180 million!
If you have money, of course, you have to spend it.
Shanda Group's first step was to take a controlling stake in Actoz Co., Ltd., an upstream content provider. Shanda Group paid a total cash premium of US$106 million to purchase a 38% stake in Actoz's major shareholders and take a controlling stake in Actoz. Because the copyright of "Legend" is jointly owned by Actoz and its shareholding company EMADE.
This huge merger and acquisition case caused a sensation in China and South Korea.
However, when the news reached Li Zetian's ears, Li Zetian smiled.
Selena wondered, "Mr. · Li, Shanda Group bought Actoz, aren't you worried?"
The corners of Li Zetian's mouth twitched, and he sneered: "What is there to worry about, Shanda Group has spent a huge amount of money to control Actoz, which is definitely a big failure!"
"Failure?"
"That's right, it's a failure!"
Li Zetian's face showed obvious mockery, he knew very well why Shanda Group wanted to acquire Actoz, its original intention was nothing more than to solve the copyright issue, but it was too short-sighted. The assets that Shanda Group has bought are not actually strategic!
In the venture capital world, venture capitalists have an iron law of investment: "The essence of buying a high-tech company is to buy the hearts of the core entrepreneurial team!"
Shanda Group holds Actoz, but EDADE, Actoz's shareholding company, is the real controller of game R&D capabilities, and EDADE founder Park Ho and his team, who have a technical R&D background, are the most strategic assets that Shanda should acquire. On the contrary, Actoz, which cannot produce a successful new product, only has the copyright of "Legend", and Actoz technology developers, who are described as "genius" by a senior management of Shanda, are not the strategic and most valuable assets that Shanda Group should acquire.
Without a core team that has mastered technology research and development capabilities, a controlling stake in a high-tech company does not make any sense at all.
Li Zetian told Selena his opinion, and Selena suddenly realized.
However, Shanda Group is still complacent.
After Shanda Group acquired Actoz, Chen Tianqiao was confident and ready to execute a "big plan" in his heart, but before this "big plan" was implemented, he had to buy Sina!
The acquisition of Sina has to spend money, Chen Tianqiao thought, where does the money come from?
Soon, Chen Tianqiao came up with a solution: issue bonds!
Chen Tianqiao contacted Goldman Sachs, and Shanda issued bonds with the help of Goldman Sachs. Unexpectedly, in just one week, Shanda Group successfully raised 200 million US dollars, which once again made Chen Tianqiao's self-confidence burst!
On December 4, Chen Tianqiao suddenly announced that Shanda Group spent a huge amount of $230 million to buy a 19.5% stake in Sina in the secondary market.
As soon as this news came out, this can be described as a stone that shocked a thousand waves!!
This not only set off waves on the NASDAQ, but also shocked China's Internet industry, with major websites and media in China publishing the news of "Shanda's acquisition of 19.5% of Sina's shares", and netizens were even more controversial after seeing the news.
"Since Shanda Group went public, it has begun to become awesome, and has acquired many companies one after another, and this time even Sina did not let go!"
"Damn, Shanda Group has simply undertaken all the news in the second half of the year!"
“……”
At this time, a question that has attracted everyone's attention is, why does Shanda want to acquire Sina?
People in the industry are not willing to be lonely and have expressed their opinions.
Fang Dongxing, a veteran Chinese Internet commentator, said: "Shanda Group's merger with Sina is a 'match made in heaven'! Sina and Shanda's two Internet companies complement each other's advantages, and it can be said that "a pair made in heaven and a pair set in the ground." Sina is a high-profile global Chinese information platform with great influence in China, and Shanda Group's profitability is also ranked first in China. Combined with each other, it is a game where 1+1 is far greater than 2, and it will be a great improvement to each other's core competitiveness!"
Another critic, Mui Yongkang, said: "Chen Tianqiao's dream is to build a cross-media Disney-style entertainment empire, so he needs a portal because the portal is the first place to gather Internet influence." Now the combined market value of the two companies alone is more than $3 billion, and if they merge, a world-class Internet giant of $5 billion or even $10 billion will be born soon!"
On December 5, Chen Tianqiao said in an interview with reporters: "Actually...... I just want to make a box!"
Due to the rise of online games such as "World of Warcraft" and "Fantasy Journey to the West", the pressure on Shanda Group has increased greatly!
When the reporters heard this, they were all stunned, "Shanda Group's acquisition of Sina is just for a box?
Everyone was puzzled and hurriedly asked.
Chen Tianqiao smiled faintly and said without hurrying: "Shanda Group intends to develop a strategic product, which I call the 'Shanda Box Project'.
Shanda will move the entertainment center of users from the PC to the TV, and we will solve these technical problems by providing 'boxes', and the content available on the TV will not only be limited to online games, but also news, stocks, movies, and more!
As we all know, every household now generally has a TV, and in the future, as long as users buy a grand box, they can watch TV, play games and surf the Internet in the living room. What you can do on the computer, you can do on TV! You say, isn't that cool?"
When the reporters heard this, they were stunned.
On the same day, the news of the Grand Box project spread all over the Internet, and it was really more sensational than dropping an atomic bomb on a calm lake!
Some netizens commented: "Shanda Group is going to fly to the sky, so awesome!"
"The box plan is really admirable, definitely a first-class strategic !!"
"The grand box is invincible, I am looking forward to it!"
“……”
The industry, the media, and even the financial community were shocked by Chen's box plan.
However, there are still many people who question this plan, believing that it is completely against the tide and is destined not to succeed!
In fact, not only outsiders questioned it, but also many people within Shanda Group questioned it, and even openly opposed it. But Chen Tianqiao insisted on going his own way, and threatened that whoever didn't do it would leave.
Chen Tianqiao firmly believes that the Shanda Box project will be successful, and Shanda will use the box as a fulcrum to build online Disney, and the acquisition of Sina shares is actually just part of the "home entertainment strategy" he has formulated since 2003, which is based on Shanda Box and involves nine aspects: personal computers, televisions, mobile phones, movies, music, games, advertising, prepaid and e-commerce.
I have to say that if the grand box is successful, it will be awesome!
Xiaomi network box in the previous life、Huawei network box、Youku network box, etc. abound,Very popular,It has gradually replaced the traditional set-top box,Nearly 1,000 yuan of TV costs have been saved for users every year。
And the Xiaomi network box is basically the same as the grand box proposed by Chen Tianqiao!
Li Zetian was taken aback and muttered: "Shanda Group has taken the old path of its previous life again, it's just ...... The product is too advanced and easy to die. The shopping mall is like a battlefield, one step ahead is a pioneer, and two steps ahead is a martyr. At present, China's Internet coverage and speed are not enough. In addition, Shanda Group itself is not strong enough, and the resources it can use are limited, so it is difficult to support the development of Shanda Box......!
However, Li Zetian obviously doesn't want to develop the box yet. It's only 2004 now, it's too early, and in the previous life, in 2016, the network TV box became popular.
"Look at it rising tall, watching it feast guests, watching it collapse!"
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