In the days that followed, Lin Feng's private team conducted several rounds of behind-the-scenes negotiations and investigations on the investment in Legendary Pictures, and finally determined that it would acquire nearly 32% of the shares held by some of the original shareholders of Legendary Pictures at a price of $100 million, and Lin Feng entered the board of directors of Legendary Pictures as a non-executive director.

At this time, Lin Feng and Ye Weiyu were ready to return to China.

According to Li Dong's news from China, it seems that some subtle changes are taking place in the entire Chinese Internet market......

On August 5, 2005, Baidu, China's largest search engine service provider, was officially listed on the NASDAQ in the United States with an issue price of US$27, an opening price of US$66, and a closing price of US$54.

Based on the closing price on the first day of listing, Baidu's market capitalization has reached $5.8 billion.

At the same time, Baidu CEO Robin Li is worth more than 900 million US dollars with 9% of the shares, so that his net worth has also become the richest list, second only to Lin Feng, Chen Tianqiao, Huang Guangyu, Rong Zhijian, Lu Guanqiu, higher than Ding Lei's sixth.

The emerging giants are on full display.

And Baidu's soaring stock price after listing also greatly shocked the industry!

Baidu's successful listing also brought to an abrupt end the frenzy of mergers and acquisitions of Internet companies set off by companies such as Fengxing and Shanda.

Baidu's experience has given many Internet companies more and more confidence, and at the same time, they are also wondering: whether the purchase price proposed by the giant companies is really in line with the potential value of the company?

"Baidu's IPO has pushed the value of Chinese internet companies to new heights and surpassed the price offered by previous acquirers. ”

After getting this news, Lin Feng secretly rejoiced, fortunately, the acquisition of the two companies of Bubble Network and Che 168 has been completed, and after completing the vertical industry portal, in the short term, Fengxing has no plans to acquire companies for the time being.

The popular "open platform strategy" is aimed at small companies that do not meet the IPO standards, and the impact is not large.

The most important thing is that Lin Feng has achieved a huge first-mover advantage in terms of capital with the help of Menglong's early listing.

Now Fengxing has taken the "T" in BAT under its command.

And "B" has just raised $0.9 billion, with annual sales of only $14 million and profits of $1.45 million. For the current popularity, it is not too much of a threat. What's more, Baidu is still mainly committed to completely defeating the challenges of Google, Sogou, Yisou and other search engines at this stage, and is temporarily unable to expand.

On the contrary, it is the "A" that deserves attention!

On August 11, 2005, just one week after Baidu's listing, Alibaba (China) Network Technology Co., Ltd. announced in Beijing that it had fully acquired all the assets of Yahoo China, including Yahoo China's portal ( ), search portal "Yisou" ( ), online auction business ( ), 3721 online real-name services, media and advertising sales, wireless services and mobile applications, Yahoo e-mail, and instant messaging tool "Yahoo Messenger"; Alibaba will also receive exclusive access to Yahoo's world-leading Internet brand in China.

Yahoo also announced that it has reached a strategic alliance with Alibaba, and Yahoo will invest $1 billion to acquire 40% of Alibaba's shares and become one of Alibaba's shareholders.

This is the issue that Lin Feng really attaches importance to!

Through this cooperation, Jack Ma not only has a large amount of money of up to $1 billion in his hands, but also expands his business from the previous pure e-commerce to many popular areas of the Internet, which is no joke!

Although the assets of the entire Yahoo system gradually declined because of the incompatibility with Alibaba's own corporate culture, it must be admitted that this acquisition, whether it is in absorbing a large number of outstanding talents, expanding business layout, or the self-confidence of Alibaba's overall personnel, has greatly promoted Alibaba's rapid development!

Lin Feng realized that from now on, in the Chinese market, Ma Yun's Ali has become Fengxing's biggest opponent!

Although it should be the most popular opponent, it should be Shanda.

But now Chen Tianqiao is wholeheartedly laying out "Disney Online", and has no intention of competing with Fengxing in the field of games and other fields, and even tries to communicate with Fengxing, whether it is possible to cooperate with Shanda's "box strategy" as a content provider.

This is 2005, the year 2005 when China's Internet was surging!

In addition to the establishment of a group of "05-level" emerging Internet companies in this year, some old Internet companies are also undergoing the most important turning point in the company's history!

Lin Feng needs to return to China, deal with the new competitive situation that has emerged, and start a new round of layout.

…………

"Joe, Jenifer, I want to gradually reduce Menglong's financial performance from now on, is there any way?"

Li Mengyuan looked at Lin Feng with some surprise: "Boss, what do you mean ......?"

Lin Feng nodded: "Yes, I plan to reduce Menglong's share price to the level of the initial listing as soon as possible and privatize it." ”

Li Dong was also a little surprised: "Lin Dong, didn't we plan to start lowering the stock price next year?"

Lin Feng shook his head, the reason why it was set after 2006 was because China Mobile would set up a wireless music base in March 2006, which was also the beginning of the heavy blow to the SP company of the domestic CRBT business. As the No. 1 wireless music value-added service provider in China, Menglong will of course be greatly affected, which can just be used to release negative news to the market.

"I calculated the time, and if I don't start until next year, the time is a bit tight. Ali just got a $10 investment and bought Yahoo China, and I have a feeling that our opponents will soon become stronger, and the pace of popularity will have to be accelerated. The merger of Menglong is an important step before the listing of Fengxing. Our plans are ahead of schedule. ”

Li Mengyuan's responsibility is to share the worries of the boss, not to question the boss's decision, she thought about it and said: "The financial report data must be audited, and there is no way to operate in terms of revenue, but there are many ways to reduce profits and increase costs, such as: increasing R&D expenses, investment and acquisitions, increasing advertising expenses, increasing the cost of content procurement, increasing operating costs in human resources, and increasing equity remuneration expenses......"

Lin Feng nodded: "Okay, you can handle the financial report matters." ”

He also said to Li Dong: "Joe, Menglong will continue to increase investment from now on, especially for the mobile communications industry, you can appropriately carry out some technical acquisitions, you and Lao Wang can discuss this, he is developing smart phones in the research institute, what technologies are needed, overseas acquisitions or domestic acquisitions." ”

"Advertising spending is of little significance, in terms of content procurement, we can take this opportunity to acquire some record companies in Fengxing, and then increase the copyright licensing fees of songs by Fengxing, appropriately transfer profits, and dilute the acquisition costs of Fengxing. ”

"Menglong will carry out another full-scale equity incentive, including management, and some shares can also be rewarded according to individual performance. After all, everyone is working hard. ”

"Plus, add another $100 million share buyback program, and this time I'll convince the board to approve it. ”

"Now Menglong's stock price is still maintained at about $37, and I hope that by the end of the year, it will be able to drop to about $30, and by the middle of next year, it will be about $25, so that in the second half of next year, we will start the privatization of Menglong!"