Baidu, as the largest Internet company in China in terms of market capitalization, Robin Li was actually full of ambition at this time, and this time he said that he was here to consult Zhou Shi, and he didn't know what to think in his heart. Anyway, Zhou Shi didn't think what he said had any effect on Robin Lee.

Baidu's overseas development is not good, one is because it has lost its first-mover advantage, and the other is even if it has management problems. Google has a market share of more than 90 percent in many places, which is almost a monopoly, and if Baidu provides a website with similar performance as Google, it will also hope to gain a large part of the market. It's a pity that Google occupies a technological and financial advantage, and Baidu will definitely invest a lot of money in technology research and development and publicity and promotion if it wants to develop. This is where Microsoft's Bing search provides the answer. Zhou Shi finally said that if you want to focus, then divide the market according to each language, develop one market after another according to your financial strength, be patient, and don't be in a hurry. Robin Lee is notoriously impatient with Baidu's new business, and many businesses are not done after a few years of development, such as Baidu's current C2C mall, and there are many ideas and products, but unfortunately there are not many boutiques, or they are amazing at first, and then gradually deviate. For example, Baidu's family bucket, many of which were good products at the beginning, may be due to the pressure of KPIs, and some methods are almost all-encompassing, without the demeanor of a large enterprise.

Separated from Robin Lee, Zhou Shi also knows a lot, Baidu's revenue in 09 will probably exceed 4 billion soft girl coins, and the profit will exceed 1.5 billion. Alibaba probably won't be much different, and as for the penguins, he doesn't know.

"How are we doing this year?" Zhou Shi finds Lei Jun and Yu Wei.

"Friends has maintained a leading position in the social network market, with 280 million registered users, a market share of more than 70 percent, and more than 80 million daily active users, and more than 100 million instant messaging tool MM users and more than 90 million monthly active users," said Lei Jun

"What about the revenue of the friend network?" Zhou Shi also found that the scope of his questions was too wide, and it was not easy to report on so many products in time.

"There are three main revenue components of Friends.com, advertising (the largest source of income for social netizens), game value-added (web games, avatars, etc.), and mobile and telecom value-added services (such as CRBT). Among them, the advertising revenue is roughly 1.3 billion, the game value-added is about 1.1 billion, and the mobile value-added revenue is about 800 million. "Yuvi

Zhou Shi calculated that the total revenue was more than 3 billion, but during this time period, the gross profit margin of domestic Internet companies was generally very high, and the net profit margin could reach 70 percent, and the net profit margin could also reach about 50 percent. Even if the R&D and labor expenses are a little higher, the net profit margin will be 40%. That is to say, last year, Friends Network will have a profit of 1.2 billion, even if all invested in cloud computing, computer deep learning and artificial intelligence are far from enough.

"What about Time Company?" Zhou Shi asked absentmindedly, there are still many difficulties now

"The main source of income for time is time games, of which some domestic games have more than 4 billion soft girl coins, and there is no specific data for the foreign part for the time being, but it may be the same as the domestic one. Others such as browsers, Android systems, etc. have revenues of more than 1 billion ......"

Games have always been the bulk of the revenue of Internet companies, and even Apple and Microsoft will inevitably become a game company in the future, and the great development of Time Friends mostly depends on this. In addition to Zhou Shi's three game trumps from the penguin's side, Yao Xiaoguan also has their own development. Moreover, after setting up branches in Rongcheng and other places, the efficiency of game company development is also much higher. In the overseas market, there is a big killer of friends, and it is not surprising that there is a current income scale. As for Android, browsers are still small, and these revenues may not be able to exceed R&D investment.

"What about capital gains?" Since Zhou Shi knows when to buy the bottom, he will definitely not let his companies miss this opportunity, Time Holdings has obtained hundreds of millions of dollars through loans, equity pledges and other channels to invest in the domestic and foreign stock markets at the beginning of this year. Bought stocks such as Baidu, NetEase, Shanda, Perfect Time and Space.

"Perfect Space's shares haven't been sold, everything else has been emptied, and if you count Perfect Space, we made a profit of more than $500 million this time. "Yuvi

"Oh!" Although he was very ambitious, Zhou Shi didn't think so, this was still the money earned by opening the hanging, especially the perfect time and space, investing millions of dollars and making hundreds of millions of profits. A few years ago, when Perfect went public, he sold a little, and added a little during the financial crisis, so to speak, he had been shaved many times on him. And other stocks have at least doubled, and a profit of only $500 million is not much.

"Sell all the perfect stocks!" Zhou Shi

"Mr. Zhou, if we cash out so much money, it will cause a lot of funds to be idle, is this appropriate?"

"If there is any remaining funds, buy Baidu shares!" Zhou Shi

"Why? We've only been selling for a short time. "Yuvi, Lei Jun is also puzzled

"First, we have to invest heavily in cloud computing, artificial intelligence, and other businesses that are burning money, and these funds will not last long. Second, Baidu's performance is about to explode, and it will not suffer a loss if you buy more now. Zhou Shi, although the development of Friends.com has reduced Baidu's advertising revenue a lot, Kangsheng's CDN market, as well as blogs and other businesses, can also be regarded as expanding Baidu's revenue sources.

"Why do you say that?" Lei Jun didn't see any signs of Baidu's performance outbreak, if it was a big outbreak in the Chinese market, Friends would obviously feel it. But Lei Jun did not feel such signs from his friend's operation.

"You have been in the country all the time, don't you really feel it?" Zhou Shi's eyes as he looked at them were full of disbelief, and he hit them deeply.

"Do you have any friends in Google?" Zhou Shi continued

"Yes, there is, but everyone's communication rarely involves their respective companies," said Lei Jun

"Robin Lee came to talk to me today, and they seem to be going to increase their internationalization efforts and face the competition of Google abroad. "Zhou Shi

"It's nothing, their internationalization has not been effective, more than a notch worse than ours. "Yuvi

"That's not the point, the point is that I feel that they have a lot of confidence this time, even if I refuse to help them and blow them air, I am still very confident. "Zhou Shi

"What does this have to do with Google!" Lei Jun didn't understand, Zhou Shi's thinking was too strange.

"The source of confidence is nothing more than self and external, Baidu's management level is much worse than ours, which is not enough to support their self-confidence. The external factor is very simple, it must be Google, Google's overseas operation has no problems, then it can only be a problem in China, thinking of Google's changes this year, we have reason to believe that there will be changes that are very beneficial to Baidu. "Zhou Shi

"I'm not sure about it!"

"But it's enough for investment, the domestic market is expanding, Baidu's revenue growth is not as unstable as the game market, and benefiting from the domestic market, the current price and market value will certainly not be his highest point, and we don't need to use this money urgently, so it's almost risky, why don't we do it." What Zhou Shi didn't say was that he was reminded of one thing by Robin Lee's excitement, one thing that had a profound impact on the domestic Internet market: Google's withdrawal from the Chinese market.

(End of chapter)