The penguin company's appreciation dinner ended in laughter, and Jiang Hui also took the opportunity to get acquainted with the Penguin executives, and also received a lot of business cards from various people.

At about eleven o'clock in the evening, Jiang Hui and Bai Xue returned to their hotel rooms.

The listing of Penguin is a landmark event in the Celestial Empire Internet community. On the one hand, the market value of 27 billion yuan has refreshed the market value of Tianchao Internet Company, and on the other hand, the successive successful listings of Shengda Network and Penguin Company have made the Tianchao Internet investment market that has been silent for several years begin to burst out with a new vitality.

After that, 51JOB, Ninth City and e-Dragon also quickly completed their overseas listing and financing. The market has performed well, which has made many analysts shout: The "golden age" of online concept stock listing is back!

In the past 2004, 81 Chinese mainland companies landed in overseas capital markets, forming another round of overseas listing of Chinese mainland companies. Among them, the successful listing of 7 Internet companies has become the biggest highlight throughout the year. In particular, Shanda, 51JOB and other companies have excellent performance as soon as they are listed, which makes many analysts shout: The "golden age" of online concept stock listing is back!

Internet IPOs in the market began to attract renewed attention, especially in August this year, with the successful landing of Internet search giant Google on the NASDAQ, Internet companies regained the attention of investors, and the IPO of Internet concept stocks was awakened again. However, there is still a big difference between the Internet IPO listed in 1999 and the Internet companies listed in 1999. The most important feature is that these Internet companies have stable profits, clear business models and good market prospects, and these company models mainly combine the Internet with a certain traditional field, so as to obtain the support of a clearer target customer group.

These changes are very beneficial to the subsequent financing of other companies in the Korn Ferry Group. According to the current pace of development, Tudou, Meituan and other companies will launch Series B financing in the second half of this year, and Jiang Hui feels that the valuation at that time can reach at least three times that of the first financing.

Penguin's listing on the Hong Kong stock market to achieve today's results is actually very surprising to many people. Because in terms of IPO pricing, the P/E (price-to-earnings ratio) value of the NASDAQ is significantly higher than that of the Hong Kong area. This is due to the fact that the Hong Kong and Hong Kong stock markets do not have a deep understanding of technology stocks and have a relatively small ability to bear technology stocks, so the P/E value of Internet companies listed in Hong Kong and Hong Kong is low, and the stock price is not high. The acceptance and recognition of listed companies in the Internet industry in the NASDAQ market is significantly higher than that of other markets. And Penguin's ability to achieve a valuation of 27 billion in this case shocked many people in the industry.

With the increase of Celestial Empire netizens and broadband users, the Celestial Empire broadband market has rapidly entered a period of rapid growth. Affected by different needs, the online business market has gradually become diversified and applicable, and websites specializing in online games, e-commerce, retrieval and other businesses have emerged. At the same time, the establishment of a paid fee model ensures the lucrative profitability of professional websites. In the future, professional websites such as Autohome and Meituan will become more and more recognized in the market.

……

After the news that Penguin Company had become the largest listed company in the Celestial Empire was transmitted back to the mainland, it quickly caused heated discussions on the Internet.

"Penguin has gone public and created 11 billionaires, 25 multimillionaires, and more than 500 millionaires."

"Is this wholesale plutocracy".

"I originally thought that the market value of Shengda Network was scary enough, but I didn't expect to become the second child lying underground after only a few months."

"I heard that Boss Ma wanted to sell the Penguin Company for 600,000 yuan that year."

"In April 2000, IDG and Pacific Century Digital spent $2.2 million to take a 20% stake in Penguin, I don't know how Boss Ma feels today."

It is said that once Boss Ma found Zhang Chaoyang and wanted to sell the penguins for 500,000 yuan. And Boss Zhang not only decisively rejected Brother Xiaoma, but also threw out the classic line: I will find a few college students for no more than 3 months to do better than you, and it is not worth 500,000 at all. Well, people are worth 27 billion now, I don't know how Boss Zhang feels?"

……

Du Niang headquarters.

"Have you seen the information that the market value of Penguin exceeded 27 billion on the first day of listing?".

"See, to be honest, a bit of a surprise to me. A friend was in contact with Penguin's listing preparations, and the valuation given by the early investment institutions was only two or three billion."

"Yes, it's too far from the current 27 billion."

"Penguin's valuation mainly began to change in the first half of this year, after the cooperation between Penguin Game Platform and Guanghui Games, the launch of "Happy Farm", "Happy Landlord", "Fishing Game" and so on have brought a lot of income to Penguin, and it is said that Penguin's current monthly profit level is close to last year's annual profit. The rapid and continuous increase in profits has led investment institutions to continuously raise the valuation of Penguin."

"The launch of a series of games has not only brought the benefits of the game itself, but also greatly increased the number of registered and concurrent users of Penguin Messaging, and the stickiness of users has also been greatly improved."

"Yes, in a way, it's the glorious games that have made Penguin what it is today."

To be precise, Jiang Hui has achieved today's market value of Penguin, but Jiang Hui did not suffer a loss, not only got a very important amount of cash from Penguin, but also obtained Penguin's shares. With these shares alone, Jiang Hui is expected to enter this year's rich list. However, this kid is shrewd enough to make the equity relationship very complicated, and has registered a bunch of offshore companies, making it difficult for outsiders to find out what shares he really holds."

"Mr. Jiang should be regarded as a rare genius in the Internet industry of the Celestial Empire in recent years, and with the help of his few ideas, our market share has also risen rapidly."

"Indeed, now Google and Yahoo have no way to threaten our market position in the Celestial Empire."

……

IN FACT, IN JIANG HUI'S VIEW, BOSS MA SEEMS TO HAVE INADVERTENTLY CREATED A HUGE PENGUIN EMPIRE IN THE IMITATION, CHANGING THE WAY THE CELESTIAL PEOPLE COMMUNICATE, MOBILE PHONES, TELEPHONES, EMAIL, AND PENGUINS HAVE BECOME THE NECESSARY TOOLS FOR MOST CELESTIAL DYNASTY PEOPLE, AND EVEN, THERE ARE MANY LITTLE BROTHERS AND SISTERS WHO CAN DO WITHOUT MOBILE PHONES AND EMAIL, BUT THEY CAN'T DO WITHOUT PENGUINS, THERE ARE A LOT OF PEOPLE TO TALK TO, AND THERE ARE A LOT OF FUN GAMES. The fact that the penguins can achieve today's market value, and even that the penguins will be able to achieve a higher market value in the future, is actually not an accidental phenomenon, and Boss Ma and others have made great efforts behind the scenes.

Relatively speaking, Jiang Hui himself started from the creation of the school intranet, but it was smooth sailing, and he did not experience any setbacks, Jiang Hui still admires Boss Ma and others.

(End of chapter)