'Mistakes' come at a price, impulsiveness comes with a penalty. Pen % fun % Pavilion www.biquge.info

However, the price is not paid by Zhao Zejun.

At the beginning, Sina urged other shareholders to sell their shares in order to become the owner of Blog China, and did not hesitate to spend money to value Blog China to one billion dollars.

When Zhao Zejun heard this number, everyone was stupid.

How much bubble does this have to be in there?!

Lose your marbles?!

Of course, it's not crazy, Sina has Sina's considerations, and the abacus is very clever.

The billion-dollar valuation is unrealistic, but they only need to spend 500 million to completely win over Blog China.

The financial market is not afraid of bubbles, it is high or low, and the more crazy it is, the more sought after.

Whether it is the third round of financing in the future, or the listing, the value of Blog China will become even higher because of this inflated valuation, and Sina's cost can be doubled.

The hope is beautiful, but the reality is too skinny.

Sina's hope is based on the foundation that 'Blogging China can always maintain the number one position in China'.

At the time, there was no doubt about it in the eyes of the vast majority of people.

Weibo and blogs are essentially the same product, but in slightly different forms.

No matter how talented Zhao Zejun is, no matter how lucky he is, it is impossible for Weibo to catch up with and surpass the blog that has started several years in advance in a short period of time.

You must know that Blog China was originally created by Zhao Zejun himself and carefully cultivated.

After Sina took over, it did not make too many adjustments to the general strategy of the blog, and basically inherited Zhao Zejun's guiding ideology, strategic policy, and even a series of auxiliary projects implemented before Zhao Zejun left.

If you want to say that Zhao Zejun had reservations about blogging China before, did not dedicate himself, and even deliberately left loopholes, he was ready to use Weibo to fight with the blog...... No one would believe this, and no one would even think of it.

However, a series of 'accidents' prompted Zhao Zejun to be excluded and had to open a new project.

It can only be said that Zhao Zejun's grasp of the market trend is too accurate, and the new project has achieved the dimensional crushing of the blog.

In the final analysis, it's not about blogs and Weibo, but Zhao Zejun is a bit awesome......

Sina blogger China has poured blood mold, but Weibo has taken advantage of the bubble.

Regardless of whether the second round of financing of Blog China was overvalued, and no matter what was overestimated, but one billion is one billion, and now Weibo is ahead of Blog China, and the valuation of Weibo can only be higher than one billion US dollars, not lower.

Of course, Zhao Zejun will not start financing now.

The more this is the case, the more the initiative of future financing is in the hands of Zhao Zejun himself.

It's definitely far better to fight such a battle with a blogger and win it than to start a Weibo alone without any competition.

Needless to say, if Zhao Zejun doesn't open his mouth for a day, Weibo's valuation will soar for a day on the basis of one billion US dollars;

Competition leads to an increase in the market, which leads to an increase in expectations, and victory proves strength...... If Weibo is developed without wind and waves, it is absolutely impossible for Weibo to reach a valuation of one billion US dollars in a short period of time, let alone exceed it.

Moreover, with the experience of Blogger China, if financing in the future, Zhao Zejun has every reason to raise the threshold and put forward more stringent requirements for capital injection institutions.

Without the pressure of Blogger China, the former department of HKUST would not have been dismantled so easily, and sooner or later it would become an internal tumor that would affect the company's development;

Without competitive pressure, the newly established Weibo will not mature in a short period of time.

Competition is the greatest driving force for development, and war money has always been the most profitable.

After a big war, Weibo stood at the pinnacle of the domestic Internet, and its power was unparalleled for a while.

This is also one of the reasons why Zhao Zejun didn't directly make Weibo on the basis of his blog, but spared such a large circle.

Sometimes, when you go the long way, it's faster.

Of course, it's all about victory.

For losers, life is not so easy.

Sina.

The current situation of Sina and Blog China can be described as a 'black pot pyramid', with the black pot facing down one by one.

What does $500 million mean for Sina?

In 2007, Sina's annual net revenue was 270 million US dollars, and its net profit was 80 million US dollars.

500 million US dollars, equal to Sina's net profit for six years.

After Weibo fully overtook it, the current CEO Cao Weiguo took on huge pressure in the board of directors.

Sina is not without money, on the contrary, the profit margin is still very high, in the financial turmoil, Sina is also an Internet company that has not been seriously affected, and various data indicators have been slightly improved.

But taking out 500 million US dollars at once is equivalent to draining Sina's blood, at least a big tube.

The most direct result is that for a long time, Sina will not be able to make large-scale investments in other directions, and it will be difficult to hold on, let alone develop.

What is called riding a tiger is difficult, and now Sina is riding a tiger is difficult!

There is a saying in the financial world about 'sunken assets': if a ship is doomed to sink, it should not cost more to save it, but a strong man who breaks his wrist and stops losses in time.

However, at present, no one dares to confirm that the blog will definitely be eliminated and is a sunk asset.

Weibo aside, Blog China is still a super-large community on the mainland Internet, with a large number of users, which is by no means a chicken rib.

If Sina wants to make this $500 million investment not go down the drain, all the previous efforts will not be in vain, and there will be a core Internet business that can stand on its feet in the future, it must continue to support Blog China and invest.

But the question is, how can you put aside Weibo?

When it comes to blogs, we have to mention Weibo.

There are microblogs, and blogs are always pressed on the side. If the future development trend is really more and more conducive to Weibo, not conducive to blogging, the consequences are unimaginable.

Zhao Zejun's 'wedding dress magic' is really not so delicious.

When you eat it, you can't digest it, and you can't spit it out.

I thought it was a big piece of fat meat, but when I ate it in my stomach, I found out that it was a tooth mixed with my own blood.

Fishy and bitter.

What's even more annoying is that no one forced Sina to eat at all, but Sina wanted to die or live, drove away Zhao Zejun, grabbed the food himself, and couldn't open his mouth if he wanted to blame others......

The black cauldron can only be carried by one's own people, and the bitter fruit can only be swallowed by oneself. It's too dry to swallow, so mix it with some tears.

Mr. Cao usually seems very gentle, but he has his own set of methods, otherwise he would not stand tall in Sina, and after being questioned by the board of directors, he finally retreated.

However, the board of directors has one more proposal: some directors proposed that Ms. Du, senior vice president of sales and marketing, who was promoted to chief operating officer last year, assist Mr. Cao in his follow-up work.

It means to take away his power, at least partially.

Mr. Cao's anger was sent to Mr. Bai's head in the Social Business Department.

Mr. Bai's position is very good: not the most core level, but definitely the top level, the competition for blog China is his single-handedly proposed, planned, and executed, blog China is the largest part of his business......

All in all, the legendary king of the black cauldron in the rivers and lakes is Mr. Bai, who is the best object to carry the black cauldron, and he is the best candidate.

As a result, both the board of directors and Cao Weiguo decided to transfer Mr. Bai from his current position, only retaining the company's shares, and becoming an 'idler'.

"Lao Fang, in the future, it's up to you. ”

Mr. Bai looked gloomy and patted Fang Xing's shoulder.

Mr. Bai can deal with it, but Blog China still has to continue to do it. The leader can go, and the person who is in charge of the specific work still has to be protected.

Even if it can't catch up with Weibo again, if it can form a strong momentum and compete with Weibo, even if it is only the second largest social community in China, it will also have great value.

So Mr. Bai left, but Fang Xing was not too implicated, and he is still the CEO of Blog China.

Fang Xing's heart was very complicated.

When I first entered Sina, I was superior and subordinate to Mr. Bai, and I looked like I was separated, but this time on the issue of blog China, the two did stand on the same front, and Mr. Bai fully supported him, so to speak, he was his Bole and his closest comrade-in-arms.

Mr. Bai left the scene gloomily, and Fang Xingtu died sadly.

"How can this be...... Fang Xing's brows furrowed, "It's only been a long time, it's only been more than half a year, and the victory and defeat have already been decided." Zhao Zejun, is this person really like the legend, with great luck?"

"Old Fang, don't talk about these useless things now, does he have any luck, the result is already like this. ”

It's really over, Mr. Bai looked at it lightly, shook his head, and said with a bitter smile: "Old Fang, let go of the knot that should be put down, the blog still has a future, what about you, you also have feelings for the blog, do it well." Sina will continue to support Blog China in the future, but don't deliberately fight with Zhao Zejun anymore. ”

"Mr. Bai...... "What else does Fang Xing want to say."

In terms of business, Fang Xing has nothing to say, but looking at the pattern of the problem, there is still a gap with Mr. Bai.

"Lao Fang, I know what you have to say, I'm not afraid of your jokes, Zhao Zejun, I'm really a little scared of him, once like this, twice like this, competing with him, it seems that there is really no good end. ”

Mr. Bai interrupted him with a wave of his hand, "I also thought about it calmly after that." We put too much energy on targeting Zhao Zejun and Weibo before. You think, when people's attention is concentrated, they can certainly see one point more clearly, but they will also weaken their sensitivity to other points and the overall situation, and it is often easy to be blinded and go to extremes. You and I are both people who manage enterprises, and we should broaden our horizons and minds. ”

Fang Xing was silent for a moment and nodded, "Mr. Bai, I've been taught." ”

"Haha, don't say anything like that. You and I are a fate, I won't be doing it in the future, I'm still friends, I have time to drink tea and fish together. Mr. Bai smiled.

In the original world, Mr. Bai, who later became the real inner circle of Sina, interrupted his career in Sina due to the birth of Zhao Zejun.

In the circle of fame and fortune, in the business field, every day people rush in, and every day there are dazzling new stars emerging and casting one legend after another.

But in unknown corners, more people are leaving in disgrace.

Those who leave are not necessarily weak or foolish.

Bai can always let go of his knot at the last moment and face it calmly, but he shows rare wisdom and freedom.

……

……

"Congratulations, Boss Zhao. Qiao Xinyun said with a smile.

"Why do you want to add a big word?" Zhao Zejun originally wanted to start a very cliché sentence, asking where it was big, but the words stopped when they came to their mouths.

This yellow cavity is too cliché.

"The boss is a rich man, and the big boss is a very rich man. But I said you're big, not big here. Qiao Xinyun said.

Zhao Zejun was stunned for a moment, and thought to himself, since you have to send it to the door, I can only take it, so he drove casually: "Where is that?"

Qiao Xinyun didn't know whether he didn't hear his yellow accent, or pretended not to understand, and said seriously: "First the real estate industry, this time it was the Internet, I was provoked twice, and both times I cleanly overturned the opponent with a high level." Your power has been established, and no one dares to offend. Big, that's what it means. ”

As he spoke, he gave a thumbs up and said with a smile: "The sky is big, you Boss Zhao, the biggest!"

"Come on, my mouth is so sweet, it seems that I have to pay for today's meal. ”

Zhao Zejun laughed: "What have you done recently, you have to go to Jianwu City to rub my food, and you don't have to go to work?"

"I resigned. Qiao Xinyun said.