Du Jiayi just gave Wan Cheng a rough idea, the purpose was to let Wan Cheng be responsible for the preliminary preparation work and recruit enough game architecture and artists. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

It would be great if you could write a running program for a moba game.

Wan Qian didn't know that Du Jiayi didn't plan to reuse him from the beginning, ability is very important, but character is even more important. Talent without virtue is a scourge.

What Yijia Games needs is a CEO who is aggressive and responsible, not an old fritter who is sleek enough.

Penguin did not expect that such an old game company as Jingshan Games would be sold to Yijia Network, which is equivalent to injecting a strong impetus into the game development of Yijia Network.

However, Penguin did not have time to snipe at Yijia Network for the time being, Penguin entered the final step of going public, and the whole company was busy.

In 07 years, there was no GEM, and the minimum requirement for listing on the main board was to make a profit for three consecutive years, which was unattainable for the vast majority of Internet companies that burned money. The problem is that the mainland market has a high degree of recognition for high-tech enterprises or Internet companies, the popularity of broadband in the United States has reached 70%, and the application of the Internet in society has a history of nearly 50 years, while China has only been about 10 years.

The capital strength in overseas markets is stronger, which can also meet the transformation process of Internet companies once they are listed, like an ugly duckling turning into a little swan. So as it stands, almost no internet companies will list on the mainland market, mainly in the South Island and the NASDAQ in the United States.

The valuation of Internet companies listed on the NASDAQ should be much higher, and the founders can make more money. But Penguin's listing is not just about pursuing a higher valuation at that moment, nor is it for short-term cash-out, the pursuit of long-term sustainable development is the ultimate goal of its listing.

Compared with the Nasdaq, investors in the South Island adjacent to Shenzhen know more about penguins and understand their value.

In addition to the above reasons, the interests of Penguin employees are also the most important weight in choosing the South Island motherboard. Because Mr. Ma promised employee stock ownership before going public, if the initial valuation is more reasonable, it can allow employees and investors to obtain more shares for the same amount, and in the long run, there is more room for appreciation.

Whether it's for the long term or for tying the vast majority of employees to the penguin chariot, Goldman Sachs and Penguin's leadership, which is responsible for underwriting, have reached a consensus, so they both set their sights on the South Island.

Penguin and Yijia have fought several times, although they did not take advantage, but also let many investors see the strength of Penguin.

Of course, the emerging Yijia Network may be more in line with their expectations, but the stock price of Du Jiayi to Yijia Network is too high, causing many capital overdrafters to wait and see.

Penguin has become a giant of the domestic Internet, as well as hundreds of millions of users, which still makes many investors very optimistic about the development of penguins.

Penguin's IPO share price was only HK$17, and in less than two days, the share price more than tripled to HK$45 per share. In fact, Goldman Sachs, as an underwriter, is still too conservative.

JPMorgan and Chase announced that they would keep Tencent's stock rating unchanged at "buy", saying that they are very optimistic about the future development of Penguin.

In fact, not only Morgan, Chase, but also a large number of brokerages are actively "singing long" on Tencent stocks. Morgan Stanley raised its price target to HK$75 in early August, believing that Penguin's current share price is far from reaching its limit. Morgan Stanley pointed out that although Penguin's traditional instant messaging market has shrunk a lot, it has a leading position in the mainland game market, and last year's game revenue was the sum of the next five rivals, and it has a lot of players.

Penguin's market capitalization is as high as HK$186.5 billion, or more than US$27 billion, making it the most valuable company among domestic Internet listed companies. And this, has not yet reached the peak of Penguin's stock price, and there is still a lot of room for growth.

Du Jiayi felt that the market value of Yijia Network was much larger than that of Penguin, but he could not tolerate the low valuation of Yijia Network by investors.

Capital investors are like this, when they inject capital, they will depress the valuation of the company, and with the same investment, they will be able to own more shares. When a company goes public, investors will push up the company's valuation as much as possible to attract more retail investors to buy the stock and push up the stock price.

Du Jiayi doesn't want Yijia Network to become a tool for other investors to make money, and make wedding dresses for others in vain.

Whether Du Jiayi likes to admit it or not, the news of the penguin's listing has become a hot topic sought after by the media, especially the penguin's listing has created a number of billionaires and multimillionaires, which has become the focus of media reports.

People are always like this, they like to see success, so the bookstore is always full of success books.

The success of others will become a placebo and an anesthetic for many more.

In the media coverage, the success of Mr. Pony will be reported as dreamlike, and there will be no mention of Mr. Pony's rush and despair in the early days of penguin's birth.

After the penguins raised a lot of money, they began to expand wildly.

The first targets were a few companies that had weakened in the original protest coalition, mostly in the areas of anti-virus security and social networking. These member companies could not resist the attack of Yijia Network, and most of them survived.

Penguin bought these companies outright, and it didn't add up much anyway. Relying on Penguin's strong channels and resources, we began to integrate these companies.

Penguin's main computer butler and penguin space have become the core of promotion, not seeking to dominate the market, as long as it can be opened with Aegis security and Weibo, Pony is already happy.

In addition to integrating the member companies of the Protest Alliance, Penguin has also begun to invest in a number of fields, including video websites and online original literature, and has begun to compete with Yijia Network in all fields.

Penguin can't stop Yijia Network from developing its own games, so it stretches the competitive front, so that Yijia Network is tired and has no time to take care of the development of games.

Penguins began to enter a period of expansion, and Yijia Network had to move to the strategic defense stage. In the final analysis, in an all-out war, Yijia Network lacks game products, and no matter how much it hits Penguin, it can't hit its core.

In the competition between the two, Yijia Network is at a disadvantage.

When Du Jiayi sees the news of the penguin now, he has a headache. It is really feng shui in turn, thirty years in the east of the river, thirty years in the west of the river.

If the penguins care about the gains and losses of one city and one place, they will be troubled and lose in the competition with Yijia Network. But when the pony always looks away, the penguin discovers its inner meaning.

Sure enough, everyone who carves their name in history cannot be underestimated. (To be continued.) )