After Ren Pingsheng took a course at Cheung Kong Graduate School of Business, he flew to Hong Kong non-stop.

This is the first time he has entered Hong Kong since his rebirth, but not for sightseeing, but at the invitation of Lei Jun to participate in the listing ceremony of Jinshan Software.

Standing in the crowded lobby of the Hong Kong Stock Exchange (The Stock Exchange of Hong Kong Limited, a trading firm authorized by the Hong Kong Securities and Futures Commission), Ren found himself seeing many familiar faces.

One of the tall and stout middle-aged men caught his attention, although he was dressed like a standard entrepreneur, his expression was not as serious as Lei Jun's, the corners of his mouth were always smiling, and his eyes revealed childlike curiosity.

Although the collar flower on the collar of his suit reads the title of "Chairman", he did not show his face much in this listing ceremony, and gave up all exposure opportunities and conspicuous positions to Lei Jun.

Ren Pingsheng found this person from the memory image, he is the founder and chairman of Jinshan Software, Qiu Bojun.

For people born after 90, most of them may not know or have not heard of the character Qiu Bojun.

But in the growth process of Ren Pingsheng's generation, they have more or less heard the legendary story of Qiu Bojun.

Qiu Bojun is older than Lei Jun, but his status in the software industry is even higher, he once single-handedly developed the "WPS" Chinese file processing software, occupied 80% of the market share of the Chinese word processing system in the heyday, and single-handedly founded "Jinshan Software".

As a programmer, no one had as much influence as Qiu Bojun back then. So much so that on the day Bill Gates came to China, China Television "Oriental Times" invited Qiu Bojun to talk "face-to-face" about national software and how WPS97 fights against Word. In the eyes of many people, Qiu Bojun is a symbol of national software.

Although later because of his health and personality, Qiu Bojun handed over the management of Jinshan Company to Lei Jun and took a back seat.

But this company has left traces of Qiu Bojun everywhere.

Jinshan's game studio "Dongshanju", named after Qiu Bojun's hometown - Dongshan Village, the first software he developed was called "Dongshan Printing System".

Jinshan Company's most famous product "WPS" until now was developed by Qiu Bojun himself in Shenzhen-Hong Kong City for one year, writing hundreds of thousands of assembly programs by himself.

Even the name Jinshan Company came from the area where Qiu Bojun lived when he was developing software in Shenzhen-Hong Kong City.

But these have become history, just like Qiu Bojun himself has become a historical figure.

Today's era is no longer the era of Qiu Bojun.

It was a heroic era, a romantic era when a programmer could start a company and achieve his own career and fame with his own source program.

Today's software industry has become a systematic industrial system that requires multiple teams to work together, and programmers have become a screw in this industrial system, and are even derogatorily called "code farmers".

Qiu Bojun's heroic era when programmers single-handedly broke into the world is gone.

As the protagonist of today, Lei Jun, the president and CEO of Kingsoft, is naturally dressed in a suit and leather shoes, and his hair, which is rarely taken care of, has also made a special trip to make a new look, and the collar of the suit is also wearing a collar flower, which looks like a typical professional manager.

As Lei Jun sounded the gong of the listing ceremony of the Stock Exchange, "Jinshan Software" (code: ) officially landed on the Hong Kong stock exchange market, with a net financing of HK$626 million and an opening price of HK$3.9, 8.33% higher than the issue price of HK$3.6.

After the listing ceremony, Lei Jun was surrounded by reporters at the scene, and he was very patient and tireless in answering reporters' questions.

A reporter asked:

"As a pioneer in the domestic software industry, why did Jinshan Company go public so late?"

Lei Jun replied very modestly:

"Jinshan put forward the plan to go public in 1999, but we later went through some detours in the listing, and the listing environment was not as good as it is now, so it took a lot of time and made the employees suffer a lot, this is my personal problem, our company is excellent, and our employees are also amazing. ”

A reporter asked:

"Why does Jinshan Company want to be listed on the Hong Kong stock market, and does it not meet the listing requirements of mainland A-shares? ”

This question was a little ill-intentioned, but Lei Jun still patiently explained.

"The listing of Jinshan Company is in full compliance with laws and regulations, and our financial auditors and underwriters are all world-class large firms and banks, and there is no such situation as you said. Jinshan chose to list in Hong Kong entirely because Hong Kong is suitable for Jinshan, and Jinshan also has a brand foundation in Hong Kong, and we believe that the Hong Kong market can give Jinshan a reasonable valuation. ”

Although there are many problems, many of which are quite acute, Lei Jun still took on them one by one and resolved them.

The last question he answered was friendly, and the reporter asked:

"What is your biggest feeling after Jinshan is listed?"

Lei Jun was silent for a while, and said:

"I feel relieved that from now on, I don't have to answer the question of when Jinshan will be listed. ”

The reporters present all laughed, thinking that Lei Jun was showing his unique sense of humor.

But Ren Pingsheng didn't laugh, he knew that this was a true portrayal of Lei Jun's heart.

After the whole listing ceremony, although Lei Jun was very active and excited, only Ren Pingsheng could see that he was a little absent-minded, and his mood was not as high as expected.

Ren Pingsheng can understand Lei Jun's mentality very well, because he is going public for Jinshan Software, and the time and energy he has put in it is too much.

Listing is the biggest problem for Jinshan Software and Lei Jun.

In 1998, Golden Shirt Software received an investment of $4.5 million from Lianxiang Group, and Lei Jun set a three-year plan to go public. According to the capital situation at the time, this goal was entirely possible. The bubble of global technology stocks has just been blown, and the domestic securities market is also proposing a plan for the Growth Enterprise Market.

It's just that it backfired, 2 years later, just in time to catch up with the bubble of global technology stocks, the domestic gem was also postponed, and Jinshan Software had no choice but to seek listing in the United States, but with the outbreak of the "Enron scandal", the United States also passed the Sarbanes-Oxley Act, adding a lot of harsh requirements to listed companies, Jinshan Software was once again blocked out, and finally could only choose the Hong Kong Stock Exchange.

In the face of the tide of the times, Jinshan Software is like a drifting boat, flashing all the way, in order to be listed, from the mainland GEM, to the US stocks, and finally back to the Hong Kong GEM listing.

Lei Jun and Jinshan Software went around and around, exhausted, and it took 8 years.

During this period, not only the four major portals in China have risen, but also future giants such as Tengxun, Ali, and Baidu have been born, and Lei Jun has also paid a huge opportunity cost for the past eight years.

Although Jinshan Software is finally listed today, for Lei Jun, although this battle is over, it is only a miserable victory.

Although there is still a certain market share and user base, it cannot provide the company with a lot of income, nor can it give the market any imagination.

Today's Jinshan Software, which really supports it is a series of online games represented by "Martial Arts Love", as well as a series of studios that develop online games, and the company's main income also comes from online games.

To be precise, Jinshan is a company that focuses on the development and operation of online games, and this is also the positioning given to it by the market.

The legacy that brought the daimyo to Kanefir and the inability to provide more value to the company, as the market for personal PC software was already in decline and will continue to shrink in the future.

Just as Qiu Bojun's era has ended, the era of Lei Jun and Jin Shan's era is also coming to an end.

Where to go in the future, only Ren Pingsheng knows best.

。 Sogou