Chapter 576 - I want to invest in SoftBank

The launch of karaoke, in Lin Qi's view, is more about selling the product itself. What's more, the karaoke system has a whole set of billing, leaderboarding, and copyright sharing functions behind it.

Although the end users of this system are mainly aimed at merchants, it is not directly sold to consumers. But there is no doubt that this system has made Xinfei Electronic Technology Co., Ltd. have a little bit of Internet genes.

For example, after the song ordering terminal is connected to the Internet, it will feed back the consumption of the machine to the platform.

At the same time, there are some niche songs, there are no physical VCD discs in the store, and there is no relationship. The song ordering system is connected to a web server, and as long as the song is in the copyright library, it can be provided for download.

This system,Compared with the current stupid coin-operated singing,Imitation of the arcade's speculative system of the karaoke mode,Naturally, it's a lot more advanced.。

Those coin-operated karaoke systems are simply not networked, and the number of songs owned by the machine is very small, and it is impossible for customers to order songs they are familiar with as they want.

The most affecting user experience of karaoke is actually the number and variety of songs. The vast majority of customers are ordering the song they want to sing at KTV, and they will not be rejected by the service staff and say, sorry, we don't have that song, you can change it.

The kind of song that you want to sing and can sing is not there, and it is not intended to be extremely disappointing.

It is precisely for this reason that the karaoke system of Xinfei Electronic Technology was launched, which quickly became popular in Japan, of course, after choosing the Japanese market as the first location, and then, Xinfei Electronic Technology Co., Ltd. will promote the karaoke system to all over the world.

In addition, the platform will be coerced to attract music copyright companies to cooperate, and more music companies will license KTV and Internet copyrights to the new entrepreneurial department, so that after the platform grows bigger in the future, those music companies will be nothing.

A strong platform is always much stronger than those music companies scattered all over the world.

The biggest growth point of the future music market is to order songs, karaoke, and paid music on the Internet. Although there will be some music TV shows, concerts and the like offline, the main battlefield of the market will gradually shift to the Internet. Those who get traffic win the world.

After mastering the mainstream traffic platform and owning a large amount of content, you can do whatever you want than those big music companies.

"Mr. Lin, our business in Japan is almost over, and I plan to book a ticket to the United States, you see when it is appropriate. ”

I've had a lot of fun in Japan these days, and I'm going out after work, although I'm a little reluctant, but Lin Qi's schedule is very tight. In the next few months, we will inspect subsidiaries in many countries around the world one by one, and understand the business situation and team situation of the subsidiaries.

Although Japan is currently the most successful overseas branch, there are still so many companies to inspect that we can't stay here for too long.

"Don't worry, there's one more thing to do. Lin Qi said.

"What kind of business is there, everything is going according to plan, and other things can be left to them to take care of themselves, Mr. Lin, you also need to take care of your body. There was a slight complaint in his tone, but he could hear that he was still very concerned about Lin Qi.

"They can't do this, I ask you, what kind of means of communication do you think is the best in modern society?" Lin Qi asked rhetorically.

"Phone, mobile phone, Internet?" is less than having a mailbox.

"Yes, these can be covered by telecommunications services, so which one do you think Japan has done the best in this area?" Lin Qi continued to ask.

"Of course, it is NTT, the Japan Telephone and Telegraph Company, this company is definitely a monopoly giant in the Japanese telecommunications industry, the current telegraph and telephone and other businesses are a monopoly, and more importantly, it is a Japanese state-owned enterprise, the world's top 500. "The position of a century-old operator has always been unbreakable!"

"Hehe, do you think we can have a chance to invest in such a giant?" Li Yuntao asked rhetorically.

"Of course...... Can't!" Xiao thought about it, this company is not bad background, not bad money, and the business is still making money, mainly relying on its Japanese government background, it has been a monopoly in the Japanese market for a long time and monopolized the telecommunications business.

"However, NTT's monopoly will soon be broken, and Japan's telecommunications industry will gradually open up, and more operators will join the market competition. Although NTT has taken the lead in the landline and telegraph services. However, because of its rigid thinking, it is more arrogant. With the advent of the Internet era and the era of mobile communications, a large amount of market share will be lost. Lin Qi said affirmatively, "I think that it is necessary to lay out investment, a relatively small company! There is more than one such company in Japan, but all of them are short of money, and whoever solves the capital problem will inevitably develop better than their opponents in the future." So, I'm going to make a venture capital investment as a partner in the Japanese telecommunications market. ”

Lin Qi is ready to find a partner-SoftBank!

SoftBank is the abbreviation of Software Yin Yang Company, and Son graduated from the University of California, Berkeley in 1978. Founded in 1981, SoftBank Group has become an information technology empire in just 33 years. The American magazine "Business Week" called Son the emperor of the electronic age.

In 1981, at the age of 24, Masayoshi Son established the software bank, and within half a year of the establishment of the software bank, he traded with 42 specialty stores and 94 software practitioners in Japan, and persuaded Toshiba and Fujitsu to invest and expand the scale, but he lost money due to poor management, and he returned the original investment funds of the consortium a year later. Although Son shouldered the responsibility of the loss, he won the admiration of his predecessors, and the software bank became famous, laying the foundation of Son's career credit.

In the same year, Masayoshi Son established Unison orld, Japan conducted market research in the name of the company, and spent one and a half years, 40 industries to carry out a series of market research, visited all kinds of people, read many books and materials, respectively compiled ten years of estimated profit and loss statement, balance sheet, capital turnover statement, and organizational chart, but also according to the different time series, made different forms of organizational chart, compared the results with the list of inspection items, to judge whether these are suitable for their lifelong career.

By analyzing and judging the world's most profitable industries and companies, SoftBank went on to become one of the most successful venture capitalists in the world. Not to mention other achievements, the two venture capitals of Yahoo and Alibaba alone are enough to give them a long-term vision and shake the world's venture capital industry.

However, people talk more about Son's later successful venture capital, but as everyone knows, there are thousands of SoftBank venture capital projects, and thousands of venture capital cases have all lost their money. Of course, most of the losses in those cases where nothing is lost are not very large, and the few successful cases are enough to cover all the loss-making venture capital projects in the past few decades.

Of course, SoftBank is not only engaged in investment, in fact, in Japan, SoftBank has built a troika of telecommunications, Internet, and investment. In the telecommunications industry, SoftBank has continued to seize opportunities and gradually developed from a company with no foundation to the second largest telecom operator in Japan.

In addition, SoftBank is vigorously developing Internet platforms and content with the traffic entrance of operators. E-commerce, instant messaging, mobile phone reading, web portals, search engines, video websites, basically, many businesses are relatively advanced. In addition, many of the self-operated Internet businesses are the hegemons of Japan.

In later generations, it was constantly reported in the news that Masayoshi Son and SoftBank had invested large sums of money in such and such a country. Because of his aura as the king of venture capital, every time he invests, he receives a lot of attention.

And now, Lin Qi is simply a venture capital to Son Masayoshi!

In the future, if Son's SoftBank succeeds in investing in such and such a project, people will say, what is that? Lin Qi, the big boss behind Son, is even more hanging!

Of course, Lin Qi does not fancy Son Zhengyi's so-called venture capital halo. If you really want to compare with venture capital, Lin Qi believes that he is better than Son Zhengyi. Lin Qi invested in Masayoshi Son, mainly because he felt that this person had strong execution ability, and Masayoshi Son was interested in entering the Japanese telecommunications market!