Chapter 649: The Future of New Oriental

Yu Minhong was sitting in the office drinking tea, he received a call from the secretary, and learned that Li Feiteng had arrived, so he quickly stood up and walked out of the door to greet him.

He and Li Feiteng met for the first time, but the New Oriental he founded had to change hands to this legendary young man.

This kind of mood is very complicated and indescribable.

The two met at the door of the company, Li Feiteng saw Yu Minhong for the first time, and looked at this forty-year-old man with myopia, as if he had seen his real age.

Li Feiteng held his hand and said with a smile: "Mr. Yu, look up for a long time." ”

Yu Minhong hurriedly said: "Where is it, third master, you are polite." ”

"Don't, don't call me a nickname, just call me Feiteng and Xiao Li. Li Feiteng smiled politely.

The success of New Oriental cannot be said to be accidental, but Yu Minhong single-handedly became bigger, he used to be an English teacher at Yan University, because he worked part-time outside, and left after being punished.

In the past, teachers in the system were not allowed to conduct any training courses outside.

In fact, now, including in the future, this is also not allowed.

It's just that most teachers will secretly make extra money in a low-key way, compared to a man like Yu Minhong, who is also ambitious, he is naturally unwilling to make a small fuss.

When Yu Minhong was 39 years old, she founded the first New Oriental School in 1993, and by this year, more than a dozen schools have been opened, including the launch of the New Oriental online education website last year, transforming from a traditional educational institution to a new technology distance education company combined with the Internet.

To put it bluntly, he also wants to use the Internet and create a good dream. Get venture capital. So as to realize their entrepreneurial dreams.

Li Feiteng succeeded relatively early. The speed of accumulation and reserves of wealth is very amazing, but there is no doubt that the current Yu Minhong is equivalent to Li Feiteng three years ago.

And Li Feiteng has transformed into the role of an investor played by Masayoshi Son two years ago, and has become an angel investor that people love and hate.

Love is what Li Feiteng will give entrepreneurs capital. Hatefully, the entrepreneur never knows whether his choice is right or wrong.

Because it is very likely that one of his current behaviors, a single financing, has led him from a boss to a senior part-time worker in the future.

Yu Minhong took Li Feiteng into the office, and naturally he would not say all the things he thought in his heart.

He just asked, "Mr. Li." I'm curious, why do you favor us New Oriental?"

Li Feiteng smiled instead: "Actually, this question." It should be better for you to answer, my investment is generally a wide net, although there is a lot of success, but there is a certain amount of luck, maybe at a certain time, I will also suffer, will be planted. ”

When Yu Minhong heard this, he couldn't say anything.

He could only reply politely: "Mr. Li, you are the godfather of the Internet industry, how can you not have a sharp vision?"

Li Feiteng smiled slightly and said: "Mr. Yu, I came here in person this time, in fact, I want to know how you plan to develop after New Oriental receives an investment of 200 million US dollars, after all, I am still very willing to hand over the group to someone who is really suitable, and you will be in charge." ”

Yu Minhong nodded lightly, he felt very comfortable in his heart, at least the right to operate the company, Li Feiteng gave it to him, not to find someone else to come over and disgust him.

The members of the board of directors that are about to be formed now are actually quite complicated, but there is no doubt that as long as Li Feiteng wants to control New Oriental and complete his ideas, it will not be difficult at all.

Because Yu Minhong and his friends only account for about 32% of the shares together, while Li Feiteng has 45%, and the rest of them are very supportive of Li Feiteng.

"I think the next step for New Oriental is to learn from Mr. Li's Google Group's Qingmu Portal, and use the way to build a brand to open up the market. ”

"Oh, you tell me about it. ”

Yu Minhong said: "For example, advertising on TV stations, day after day, year after year, playing the first school of New Oriental cooking, finding a skill for migrant workers and ordinary people, etc., as long as the brand is started and the people know that New Oriental's education is good, then they are not afraid that the company has no future." ”

Li Feiteng was very satisfied with what he said, because New Oriental should do this.

However, compared with Lanxiang Technical School, New Oriental's brand is still not so loud enough, the only good thing is that New Oriental English and cooking are still relatively tall, and the brand is also showing a good side, unlike Lanxiang, which was hacked out of Xiang.

Like in the previous life, as long as it was 2B's behavior, it was linked to whether Lan Xiang graduated or not.

In a certain way, although this attracted many people to Lanxiang, it also prevented many people from going to Lanxiang.

Li Feiteng said with a smile: "Since New Oriental has been invested by us, New Oriental needs to do brands in the future, and this kind of thing can be cooperated with Tengda Advertising Company, and I believe that it will be able to build a brand soon." ”

When Yu Minhong heard this, she sighed in her heart, this is Li Feiteng!

He invested in New Oriental, but as a result, the money still fell into his pocket.

It is equivalent to that Li Feiteng does not spend a penny, but only needs to pay some platform resources and use the resources of other companies to realize the value of New Oriental.

In short, in Yu Minhong's place, it is really easy for Li Feiteng to make money, and his $200 million has not been invested yet, and he may immediately earn back a lot of billions.

In the afternoon, after the establishment of the board of directors of New Oriental, Li Feiteng and other members got to know each other one by one, briefly said his guiding words as the chairman of New Oriental Group, and announced the appointment of Yu Minhong as president, and then left New Oriental.

There are so many companies in him, and New Oriental is really just one of them.

However, after Li Feiteng left, he forgot about one of the more important things, which was to let New Oriental prepare to set up a school for training for opening an online store.

Taobao has been officially launched, but there are still very few online store owners and merchants, most of them are brand stores joined by Zhongguan Village, as well as some large import trading companies, which have been invited to open stores.

But what really made Taobao popular was because of the arrival of thousands of online stores.

Nowadays, computers are a very magical electrical appliance, and people know very little about the Internet.

Although there are many college student entrepreneurs, opening an online store on Taobao is still a novel and emerging thing.

Now opening a Taobao store, although it is also very profitable, but it is more profitable than opening a Taobao store, which is naturally to teach people to open an online store.

One level higher is Li Feiteng's creation of a platform owner like Taobao.

He doesn't necessarily have to make this money, but New Oriental Group needs this profit point to ensure that every shareholder can give a satisfactory answer in the first year after the establishment of the group.

Li Feiteng thought about it, so he immediately called Yu Minhong.

As soon as the two chatted, they chatted for more than half an hour.

After Yu Minhong hung up the phone, he sat in the office with a red face, and said to himself with some excitement: "Why didn't I think of this, Taobao will definitely become popular, and when the time comes, our New Oriental will definitely become the first distance education company, so that it will be much easier to be listed on the NASDAQ." ”

It's a pity that Yu Minhong didn't know that since New Oriental was controlled by Li Feiteng, it was destined to not be able to go public soon.

Listing, although it can improve the brand, but Li Feiteng can no longer be listed to improve, and he doesn't want to give the shareholders of New Oriental's board of directors too quickly a chance to cash out.

Education is not just about making money, but a very important thing for the country and the nation, Li Feiteng's acquisition of New Oriental, he is more to improve the people's quality.

Because, since public ordinary high schools and universities, people cannot be educated on how to make money and how to survive.

Then, Li Feiteng will be a super large private education group, specializing in teaching Chinese people how to survive in society and master one or two skills to survive.

In terms of education, Huaxia may be the country with the most public schools in the world, and the unique education system really makes Li Feiteng unable to say anything.

The establishment of a private school may be the only way Li Feiteng can make a change.

"Who will be the spokesperson of New Oriental?"

This is not something that Li Feiteng has to consider, but he attaches importance to New Oriental, so he has to worry about it.

At present, New Oriental has three main education schools: English, cooking, and computer, and in addition to these, there are many small compound educational institutions.

Cooking is the most famous, and there are the most schools, but Li Feiteng doesn't want New Oriental to continue to be famous in cooking.

He thinks about the advertising video of New Oriental in the future, in which hundreds of people learn to stir-fry together, although it is spectacular, it looks really speechless.

It's like looking at excavators, and it hurts.

Li Feiteng wants to take computer education as the educational direction that New Oriental will rely on to survive and carry forward this year.

However, in this regard, Yanda Jade Bird, the two major schools and enterprises of Qingmu Education, have always occupied the market, which is a headache.

More importantly, Li Feiteng's company has been working closely with these two major schools and enterprises.

If he lets New Oriental stand on the opposite side of the two major schools and enterprises, there will be a feeling of crossing the river and demolishing the bridge.

"It doesn't matter so much, anyway, public and private must be opposed, and I am also a private enterprise, so it is a big deal to get rid of the relationship with the two schools and enterprises in the future. ”

Li Feiteng muttered to himself, he decided to choose to offend and stay away from the school enterprise.

In order to make New Oriental rise, he has to pay and sacrifice a lot.

As for whether it is worth it or not, it is still unknown.

"Let Guo Tao endorse cooking, let Zhou Tao endorse movies, or Chen Example to endorse English?"

Li Feiteng thought of a suitable spokesperson, the popularity of the chief disciple made the four disciples almost become national stars, and their popularity was very high. (To be continued......)