After Zhao Zejun returned to China, he found two very interesting comparisons. Pen "Fun" Pavilion www.biquge.info

On the one hand, the whole people are immersed in the joy brought by the Olympics.

In the 2008 Olympic Games, China topped the list with 51 gold medals, and it was also the first Asian country in history to reach the top.

On the other hand, however, the entire financial market is wailing.

At the beginning of 2008, scholars impassionedly said that 8,000 points should be seen before the Olympics, and there will definitely be 10,000 points by the end of the year, and that China's stock market will not see a major correction before 12,000 points.

These words seem to be still in my ears, but after the beginning of the year, the market fell from 6,000 all the way to 4,000, the Shuzhong earthquake, the stock market had a brief stop falling, and before the Olympics, the stock market even once regained confidence. Unfortunately, the Olympics will not save the global economic downturn.

The stock market finally fell below 2,000 from more than 6,000 points.

All listed companies have been greatly impacted, and a large number of listed companies have shrunk by more than half in most of the year, and even new shares have languished.

It was only at this time that the company felt how important Zhao Zejun's foresight was.

At the beginning of Zeyue's listing, Zhao Zejun repeatedly emphasized to the company that he should not be overly obsessed with the stock market and focus on the development of the company.

So after the listing, it didn't take long for the whole Zeyue to take his mind back from the stock market, the company's performance rose steadily and rapidly, and the quarterly financial statements were beautiful and abnormal, showing extraordinary strength when this financial winter came.

So much so that in the 08 years when the performance of almost all Internet companies fell sharply, Zeyue's stock price actually stabilized, and in the six months before the Olympic Games, the market value fell by less than 13%, which can be regarded as a miracle in comparison.

What is needed most in the stock market now is confidence, and after discovering that Zeyue's performance is strong, a large amount of retail funds have poured into Zeyue.

Zhao Zejun can go to Australia for a vacation with peace of mind, which has a lot to do with it.

He asked the company's employees to withdraw their hearts from the stock market, but after all, he is the largest shareholder of Zeyue, if the stock price plummets, how can there be no fluctuations in his heart?

I didn't look at the stock market during this time in Australia, and I came back = I opened the software and looked at it, and I was happy. One Olympics, the stock price actually rose back.

The form in the country and even the world is not good, and the market has shrunk by two-thirds Today, Zeyue can actually maintain its ups and downs, and according to the current momentum, it can still rise if it is not good.

The SFC was the first to sit still.

If something is abnormal, it will be a demon.

The China Securities Regulatory Commission came to check Zeyue once, from beginning to end of the investigation carefully and carefully, seriously, and to find a conversation, and to verify the materials, busy for more than half a month, and finally came to a conclusion: Zeyue's stock price is strong, precisely because it conforms to the laws of the market, because Zeyue's performance is too good.

Originally, I came to Cha Zeyue, but instead gave Ze Yue an official publicity for free.

In response to this, a well-known domestic stock review newspaper published a signed commentator's article.

The first sentence of the article is: 'All behaviors that make finance seem very complicated are all with ulterior motives and hoolig......anism'

In terms of details, theories and specific operations, finance is indeed ever-changing, myriad, and esoteric.

However, from a macro point of view, a few sentences of Marx's market economics can be summed up: prices fluctuate around value and are affected by supply and demand.

To put it simply, if your product is of good quality and recognized by the market, it is valuable, on the contrary, it is not valuable.

It is also true when applied to the stock market.

The price of a stock should be mainly determined by the company's performance, and at the same time affected by policies, concepts, trends, etc. For example, the stock price of Zeyue Chinese Network can be strong in the global financial crisis because of its good performance and fast Internet development.

But in fact, there are a large number of stocks in the stock market at present, and the market price is completely disproportional to the company's performance, or even inversely proportional.

The reason for this is self-evident, so when there is a crisis in the financial market, the stock market bubble bursts quickly.

At the end of this article, Zeyue's name was named again.

It means that although Zeyue's performance is very good, I still hope that shareholders can invest rationally.

The problem is that a single shareholder may be rational, but all shareholders themselves are an irrational group, and the reason for irrationality is that there is human nature to seek advantages and avoid disadvantages, and more information is not equal.

Therefore, in the month after the Olympics, Zeyue's stock price actually increased slightly.

It was also around this time that an astonishing event occurred in the financial circles at home and abroad.

Abroad, Lehman, the fourth largest investment bank in the United States, filed for bankruptcy protection.

This giant financial empire, which has a history of more than 150 years and has won the world's best investment bank many times, collapsed in this global financial turmoil.

Investment banks put their eggs in countless baskets and merge themselves with the market, so the risk of investment banks is minimized, but in the same way, when the whole market is in a downturn, investment banks cannot escape, and they sink together with the market, nothing more than how much they lose.

In China, the China Securities Regulatory Commission announced the suspension of IPOs, that is, the suspension of new share issuance, and the resumption time is far away.

These two news have hit the already stormy financial market again.

At this time, Zhao Zejun was thinking about another question.

In 2008, the era of mobile Internet has opened a chapter, but at this time in the country has not yet become a climate, 2009, is a turning point, a wait-and-see period, 2010 began to break out.

In other words, all actions must be started before 2010 at the latest, and infrastructure construction will begin in 09, or the layout will be completed.

Then before that, there is one more problem that must be solved.

Blog China.

Blog China, in the previous years, was the core engine of Zhao Zejun's Internet industry, bringing him traffic, influence, customers, relationships, and direct huge economic benefits, as well as Alibaba's equity.

The times have changed, and no one could have imagined that the blog China at this time, in the hands of Zhao Zejun, is about to become an outcast.

In the early days of Web 2.0, in the Internet era with computers as the main terminal, the blog mode met the market demand, but in the coming mobile Internet era, the blog mode is about to be eliminated.

This is a stepping stone on the road to development, and the historical mission of stepping on the foot is nearing the end.

What Zhao Zejun is thinking about is, how to phase out blog China in the most reasonable way?

Blog China has a large number of shareholders, including investment banks with international influence and domestic government backgrounds, as well as well-connected cooperative Internet companies, and the composition is complex.

If one day, suddenly move the blog China to the second or even third line, no longer invest in the main energy, and replace it with another product, this is obviously an act of no commercial integrity, which not only hurts the interests of the partner, destroys its own reputation, but also may face various legal problems.

In addition, although the value of the blog itself is about to be exhausted, its user traffic and user data are still valuable assets, and it can even be said that it is the driving force for new products to start smoothly;

In addition, Blog China must also stand on the last shift and complete the pivotal work of 'passing on and leading' between new projects at the beginning of the mobile Internet era.

Blog China's first round of financing, valued at $500 million, Zhao Zejun and the company's management have 45% of the shares, Sina 5%, the lead investor SoftBank 25%, Yahoo 20%, and CICC 5%.

As for Yahoo and SoftBank, if they offend them in China, Lao Zhao is not afraid, but in the future, Zezi will always go to the world one day, and if this black case is left because of this incident, the gains outweigh the losses, and it will become a veto in foreign financial markets.

"Gianna, you can help me contact SoftBank, Yahoo, CICC, and Sina, and I'm going to have a shareholder meeting. Zhao Zejun said.

"Okay, Mr. Zhao. Gianna nodded in agreement, and then reminded from a professional point of view: "In the financing agreement, SoftBank, Yahoo, and CICC all grant you proxy voting rights, and if you hold a shareholder meeting, you don't need them to participate in theory." ”

Zhao Zejun smiled faintly: "Theoretically, this is the case, but this meeting has a different significance, and it is an important turning point related to the future development of blog China. ”