In October, Yelp finally went public independently, and Zhou Shi also served as Yelp's chairman. Unexpectedly, it won the recognition of the market, and the subscription was very enthusiastic. Since the last sale of 5 percent of the shares, this time the financing of 10 percent, Yahoo transferred 10 percent, a total of 25 percent of the shares.

The new company, Yahoo, holds 75 percent of Yelp's shares, which may seem like a big deal, but it won't be that simple, and if Yelp buys other companies in the future, Yahoo's stake in them will be gradually diluted. The relationship between an independent subsidiary and the parent company will become weaker and weaker over time, which is the experience of Europe and the United States for decades, such as the current Broadcom is a subsidiary from HP that has gradually grown and expanded, and finally basically has nothing to do with HP.

"Mr. Zhou, go public and ring the bell!" Shen Haoyu once again invited Zhou Shi to go up and ring the bell

Since starting his business at the end of 2003, Zhou Shi has promoted the listing of several companies, but he has never gone up to ring the bell. Originally Baidu, Zhou Shi, who didn't want to leave Baidu, was despised because of his academic qualifications, or there was a natural gap between his increasingly radical ideas and the conservative ideas of Robin Lee and others. When he thought about it at this time, he still felt quite regretful. But even at the beginning he didn't have much indignation, and now it's even more impossible.

When he left Baidu, he has always been on the way to starting a business, overcoming difficulties one by one, breaking the blockade of foreign countries at home in many fields, and finally having his current achievements.

To go to the market and ring the bell, or not to go? Zhou Shi closed his eyes and hesitated, in fact, he came to the scene and had the idea of going up to ring the bell, but unfortunately there were still some obstacles that were difficult to overcome after arriving.

"Forget it, you go up!" Zhou Shi opened his eyes and said a little lonely, what he didn't expect was that this scene was filmed by reporters.

With the sound of the bell ringing, Yelp was officially listed, with a market value of $35 billion, and the listing price, amount, this casual, determined according to the total shares and the listed market capitalization, has little practical significance.

"Oh, oh, oh!" shouted Yahoo's top management and Yelp's management, including some employees and customer representatives, as Yelp's stock price performed well, with a market capitalization of more than $40 billion and a share price rise of more than 15 percent.

Then everyone was interviewed by reporters, including Yahoo reporters. With the expansion of the influence of Yahoo News and Toutiao, Yahoo's team of reporters has increased a lot, and it has become better and better.

Zhou Shi played soy sauce in it, and he didn't want to say anything today, but sometimes it's not that you can't say it if you don't want to say it.

"Mr. Zhou, you have never participated in the listing bell, is it related to your failure in Baidu?" a reporter asked very suddenly, somewhat unexpectedly.

"My failure at Baidu? Are you kidding, did I fail?"

"Isn't it true that you were kicked out of Baidu's management before Baidu went public, and that's not a failure?" the reporter

"Do you know the Tao Te Ching, there is a sentence in it that says: Success leads to prosperity; That is, I don't see Yahoo's success as my success, and if one day, Yahoo needs me to leave, that's one thing I'm okay with. The same goes for Baidu. "Zhou Shi

However, this question, which had been answered many times, did not satisfy the reporter, and at the end of the press conference, he published his photos and articles. One of the bold guesses is that Zhou Shi never rings the bell, even if he has many chances. For example, Friends.com, Guoke, Alibaba, and now Yelp, he seems to have resisted Zhou Shi to go public because of his previous blows.

Accompanied by Zhou Shi's lonely photos and the exaggerated headline: "The richest man's only first failure!", it spread all over the Internet almost in a day, from home to abroad, and actually surpassed the attention caused by Yelp's listing.

The article said that Zhou Shi's current net worth exceeds $70 billion, but not counting his shares in Amazon, if you add this $20 billion, his net worth will exceed Bill Gai, and if you count those assets that are not listed, he can almost certainly become the richest man in the world.

As for why this photo is linked to Zhou Shi's experience in Baidu, the reason is very simple, Zhou Shi wanted to spin off YELP several times, so this time YELP was listed independently or led by him, on such a happy day, Zhou Shi showed a lonely expression in the face of Shen Haoyu's request to ring the bell, obviously not because the current events affected him, then combined with past experience, it is easy to deduce that Zhou Shi's resignation on the eve of Baidu's listing may hit him more than he imagined. This may be his only failure in the true sense of the word...... And this failure stems from a ridiculous reason, his education is not high enough......

When the news is issued, the impact is quickly manifested. Baidu's market capitalization plummeted, falling by 10 percent. Then Zhou Shi received a call from Baidu, and he looked confused, why is this......

He himself doesn't know if it was because of Baidu's influence that he lost his mind about ringing the bell for the IPO. Maybe there is, maybe not, who knows!

Baidu actually has made some progress, such as not investing heavily in the acquisition of Nuomi.com because of the joint establishment of Meituan with Yelp. And because of the leading position that Time Android achieved in China after the Snowden incident in 13 years, Baidu did not acquire 91 Wireless. In the era of mobile Internet, a lot of money has been saved and invested in the field of artificial intelligence and cloud computing.

Time and Baidu are the two major centers that attract outstanding talents in China, followed by You.com and Alibaba, and then Penguin, Wangyi, Goudong, etc. However, excellent start-ups such as Didi Dache are also full of vitality. Baidu's foray into the field of artificial intelligence and autonomous driving is undoubtedly very far-sighted, but the results of this industry are not so obvious, and it may even cost a lot of money and still be useless. Relying on Kangsheng Chuangxiang's investment in the CDN field, Baidu Cloud Computing has a solid foundation and is relatively easy to succeed. However, time, Ali's technical advantages are more obvious, Amazon is eyeing outside, and the possibility of Baidu surpassing time and Ali is not nothing, but unfortunately it is very slim.

Baidu's overseas business, especially in South America, Southeast Asia and other places, through investment, the establishment of subsidiaries and other means, Baidu can be regarded as a foothold. Taking advantage of Google's attention to be attracted to Yahoo, Yahoo's attention was not focused on the search engine, and Baidu successfully became the third choice for South American and Southeast Asian countries.

"Leaving Baidu is the same as me leaving Amazon, it's my personal choice, don't over-interpret it, thank you......" Zhou Shi doesn't want Baidu to be innocently implicated, Galaxy Capital is Baidu's major shareholder!