According to Yahoo Startup's plan, the initial stage is simply to categorize the website. As for upgrading to a news portal, it requires a lot of traditional print media.

Of course, the portal is free to show users news, but at the same time, the source of press releases is traditional media, which have to contract with traditional media in order to obtain authorization to import these news. In a sense, if the portal cannot produce its own exclusive news, then the timeliness of the news may not be faster than that of traditional print media.

In order to obtain news sources, Yahoo, which has deep pockets, has directly acquired some small print media, some of which only require hundreds of thousands of dollars, but they are old local print media with certain news gathering and editing capabilities, but they lack circulation. However, portals don't care about whether the print media has a circulation or not, they just buy the media team, and use those teams to write the news.

In just one month of its founding, Yahoo has acquired 10 media outlets, which seems to be vigorous, but in reality, it is only a $5 million investment. At the same time, more than 200 journalists have been recruited, who are constantly writing news every day.

The Chinese information in Hong Kong is relatively simple, and you can get a lot of news and information by cooperating with the New Venture Publishing Group. However, Lin Qi specially explained that Chinese news should be cautious, must understand the spirit of the central government in the interior, and must not write indiscriminately. It is more important to have political consciousness than the media in the mainland. Some stupid media in the mainland have no political consciousness and write and make up all day long, but many media have backgrounds, so they can't learn from them.

Lin Qi demanded that Yahoo's Chinese channel correct its three views compared with the mainland media, and if the mainland media's three views are crooked, they can stand on the Chinese's side and spray the mainland media. Moreover, in safeguarding the central policy and the interests of the hinterland, we must take the stand of the state and the people. It is not like a word if you must not use Chinese media to write articles in Chinese that criticize China from the standpoint of foreigners. There is a problem with the domestic propaganda mouth, resulting in a bunch of domestic media, not from the position of Chinese, often some spiritual Americans, spiritual Europeans, spiritual Indians and the like, as soon as they encounter the world, they stand on the position of foreigners to analyze. The media of the Chinese should first consider the interests of the Chinese in the first place! Don't encounter conflicts between Chinese and foreigners, the first reaction is to analyze and analyze the hardships of others from the perspective of foreigners! If others are bitter, we will have no bitterness?

As for smashing Yahoo's Japanese website, it was at the recommendation of Lin Qi to cooperate with Son's SoftBank. Historically, Yahoo Japan was also controlled by SoftBank, and due to Japanese policy issues, foreign companies needed to enter in joint ventures with Japanese companies. Therefore, a joint venture with SoftBank is also a better strategy, in addition, SoftBank is not only a media, but also preparing to enter the telecom operator, which is naturally a complementary partner of Internet companies.

As a result, Yahoo quickly entered into a joint venture with SoftBank, Yahoo Japan, SoftBank and Yahoo USA, Inc., with 51% and 49% of the shares, respectively.

The team of the Chinese and Japanese websites basically operates independently. Yahoo's head office is still mainly based on English websites. After all, in the next decade, the Internet landscape will be dominated by the American market.

……

In December 1990, the Shenzhen Stock Exchange and the Shanghai Stock Exchange were registered and established. Although, these exchanges, which seem to be weak now, have a single-digit number of stocks listed. The market capitalization is millions, tens of millions, almost a joke.

In the beginning, the state only regarded the stock exchange as a pilot, and made the decision that if something went wrong, it could be shut down. But because the scale was too small at the beginning, it was simply not enough to make much of an impact.

Later, the stock market was worth billions, second only to the U.S. stock market. The annual contribution to the listing and financing of domestic companies is even the first in scale for many years.

In a sense, China's stock market has been more bullish and bearish for a long time, also because it has contributed too much to the country. Obviously, China's capital market is not as big as the U.S. capital market, but the annual financing blood supply to listed companies far exceeds that of the U.S. market.

This shows that the state owes each A-share shareholder a certificate of merit, and at least recognizes the sacrifice and contribution of the Chinese shareholder. Rather than simply because of investment losses, you have to be sarcastic. Every year, trillions of financing are transfused to the state, and millions of jobs must be added every year!

This is the reason why China's A-shares have not risen for a long time, and financing ranks first. The preservation and appreciation of investors' value is ranked second.

Of course, even so, there is no shortage of companies with a hundredfold or even a thousand-fold growth in A-shares, but not everyone can find Gree, Midea, and Moutai, and buy them at the beginning of listing, hold them for more than ten or twenty years, and fully enjoy the returns of corporate growth.

At the beginning of December, Konka Electronics, which is controlled by Xinchuang Electronics Group, officially announced its listing on the Shenzhen Stock Exchange.

However, this time the listing is different from other small companies that are just playing.

Due to the continuous support of the new entrepreneurial department, Konka Electronics now has an asset scale of up to 10 billion, with 1 billion original shares, an issue price of 10 yuan per share, and an additional 250 million shares. In other words, to raise 2.5 billion yuan, such a sky-high financing scale, for the A-share market, not to mention now, even at the end of the 90s, it also seems sky-high!

After this news was released, many people said that Konka was crazy.

"Do you want to buy Konka Electronics' stocks?"

"Buy a fart, 10 yuan per share, issued 250 million shares, this is simply terrifying! I have relatives who speculate in Hong Kong stocks, they don't buy this kind of stocks at all, and the large-cap stocks that can't be speculated by the bookmakers can't make a fortune! With a market value of more than 10 billion yuan, do you want it to rise to more than 100 billion yuan?"

"But Konka is a big company after all, so it shouldn't be messing around, isn't this teasing us? ”

"Brother, brother, I am mixed in the Hong Kong stock market, I have rich experience, this kind of large-cap stocks, there is no speculative value, speculation can not move, can only be a shareholder dividends, can not develop rapidly, what's the point?"

"Forget it, I'll wait and see, I don't have much in the first place, if I lose it, my family will have to stab me to death. ”

As we all know, some small-cap stocks in the stock market are easy to speculate, with a very low market capitalization and a small circulating plate. Just like some companies with a market value of tens of millions in the early 90s, they skyrocketed dozens of times, and they were only billions, which is very suitable for gamblers' psychology.

However, large companies with good performance mainly look at the company's profits and dividends. Normal is industry, and it is impossible to have the kind of huge profits in the gambling market, so it is not liked by gamblers. For a long time, speculators, including those in Hong Kong, did not like such large companies.

Later, the speculators in the Hong Kong market were almost wiped out, and the surviving investors found that those companies that were undervalued and had high profits and high dividends were reliable. After that, the Hong Kong market preferred the kind of giant companies with high dividends and large market capitalization.