Chapter Thirty-Nine: Talking BD

The first thing Li Zhong did when he returned to his hometown was to contact Mr. Li of BD, preparing to make an appointment to meet together for a meal. After all, he is also well-known in the circle now, and many local government officials are slowly getting acquainted with him, and he can talk about many things.

The two agreed to meet in a hotel in Taiyuan, and after meeting, Mr. Li was really a pragmatic person, and he didn't bring greetings, and he came up to talk about work, and asked how 123 is developing now?

Li Zhong still admires his dedication, and he will also be a big name on the Internet in the future, on the same level as Ma Yun, Ma Huateng and others. And there is also a ranking on the wealth list, remembering that in 2005, BD was listed on the NASDAQ in the United States, and Li YH's personal wealth entered the top ten in China's Internet industry.

Li Zhong asked: "Now that your BD has done a good job, why don't you consider going public, you can list anywhere, now the website must be slow to rely on these financing, and you can quickly raise money after listing." “

"Brother, I don't want to, the funds have been a little bit unable to keep up, and now it's a bit early to go public, and if you want to go public, you must go to the United States to be listed, and the valuation of the Internet in China is too low now. Li YH sat forward a little and began to say his thoughts seriously, "Last year, the United States just experienced the Internet bubble, and now the domestic Internet is just starting, but the number of Internet users is increasing rapidly, and now there are almost more than 30 million people." And now it's growing at an annual rate of almost 50 percent. At this rate, in less than 20 years, almost 90% of China's population is an Internet user. This is a preliminary estimate, and it certainly won't be that large. “

"Almost, the scale is indeed quite large, 50% is not a conservative estimate, now it is true that there are more and more Internet users, and the dependence on the Internet is also getting stronger, I also estimate that in less than 20 years, almost 85% to 90% of the people in China will use the Internet. Mr. Li, have you ever thought about making money through other methods, now that your BD platform is so big and has a user base, they are resources, should you think of other ways to make money?" Li Zhong asked as he lit a cigarette.

"Think, how can you not want to, the general psychology of our Chinese is free thinking, you give it to me for free, I can accept it, if you charge, I will not accept you, anyway, there are other free websites that can be used, so it is really difficult to make money on ordinary netizens." ”

"That's right, free thinking is really serious, now we think about the problem like this, netizens can't make money, we can pay through other merchants who want to do publicity on our website, they are all profitees, they shouldn't care about this money, what do you think? And their number is huge, we collect a little bit of it, this is a big source of funds. In the past, I did publicity and promotion for your Baidu website, and now BD is here to promote these businesses, so that they can also get publicity, and we have made money, and both sides win each other. How nice!" Li Zhong said to Li YH jokingly, picking up a hotel note and starting to write him about the relationship between these groups.

"I've got you the name in mind, it's called Baidu promotion, we don't search a lot now by keyword search, we can create a model like this. If a company purchases our promotion services and submits a certain number of keywords through registration, its promotion information will be the first to appear in the corresponding search results of netizens. To put it simply, when netizens use a keyword to search, content related to that keyword will appear on the search results page. ”

Li Zhong paused for a moment and looked at Mr. Li's reaction, Mr. Li showed great interest and motioned for him to continue. Because these keywords appear prominently on the search results page when a specific keyword is searched. For example, when a business owner registers with Baidu to submit the keywords "diabetes, imported drugs, medical institutions", when consumers or netizens are looking for information on "how to treat diabetes", the company will be found first, Baidu charges according to the actual number of clicks (the number of visits by potential customers), and the fee for each effective click ranges from a few cents to a few dollars, which is determined by the fierce competition of the company's products, who appears in the front and who appears in the back. What do you think of this idea?"

"This idea is so wonderful, it is estimated that Google does not have such a technology now, this technology is a little difficult, and the manpower, material and financial resources consumed will be quite large, but if it can be done successfully, then the benefits are also quite amazing. Inspired by your good 123 website, we used to make some links to websites directly in some locations, but the effect is not too obvious, and now there are too many spam ads on the Internet, which is considered search marketing, so that the pertinence will be very strong, and customers will be easier to find the information they need, and the business advertising is also considered to be lost. Wonderful, wonderful, this idea is so brilliant that it's worth a try. Mr. Li said happily that he was very satisfied with Li Zhong's suggestion.

"I went back to Beijing to prepare for this project after getting together with my family, and if this project can be successful, then BD will not worry about money for the time being, and the more sub-projects, the more chips we will have to go public, and the higher the valuation of the website. You really don't want to go to Beijing with me to do the Internet?" Mr. Li obviously hoped that Li Zhong could work with him in research and development, this young man has a lot of ideas, and they are all very good ideas.