Wang Qinian said with a smile: "The discovery of 100 baggers is largely due to luck. Pen & Fun & Pavilion www.biquge.info because I'm a person who pays more attention to new things, and pays attention to some companies in emerging industries. For example, NetEase used his mailbox for a long time, and then it went public, circled a sum of money, and a large amount of money began to invest in portals, e-commerce, online games, chat rooms, blogs, etc., and he invested almost all of the more popular things on the Internet. However, revenue and profits have declined sharply, mailboxes have encountered challenges, and the portal's advertising revenue is far inferior to Sina, or even Sohu. However, after all, NetEase was still the top website in domestic traffic at that time, accumulated a large number of users, and had an online recharge payment system. Because, we made our own online games very profitable, and Shengda made huge profits in online games, and almost all those who made online games at that time made money as long as they were not too stupid. At that time, we were the largest game company in China, and we knew the industry and knew that our competitors were also profitable. Under this logic, I boldly bought the bottom of the stock price and fell below $1, not only below the net worth, but even below the price of NetEase's cash reserves, and then, this created a hundredfold miracle. Assuming that NetEase was listed at the beginning of the $20 per share, it was naturally impossible to have a hundredfold miracle, and only when it fell from more than $20 to less than $1 created space for it to rise a hundred times from the bottom. ”

"Does the little partner company still hold NetEase shares?" The journalist asked.

Wang Qinian pretended to be helpless and said: "At that time, the warehouse had been cleared, and if it was not sold, it might be a thousand-fold profit." ”

"Another very classic investment, Tencent! It seems that the partner company has been increasing its holdings, and even, the founder of Tencent has reduced his holdings, and you have also increased his holdings. The reporter asked curiously.

"After Tencent's listing. I told the company that I must buy some Tencent shares. Because, Tencent's QQ registered users at that time had exceeded 100 million. It is the tool with the most Internet users in the country, and we also have instant messaging software. However, it can only engage in voice communication and differentiated competition to avoid the edge of QQ. When Tencent was listed, it was HK$3.7 per share, and it fell below the issue price, with a total market value of billions of Hong Kong dollars. Fools don't buy it. Later, Tencent grew rapidly, and it is reasonable, it is invincible in instant messaging, with a large amount of traffic, and then, through the game to monetize the traffic into profits, at present, it is in the game market, and it is also similar to our little partner. As for Tencent's founders, they reduced their holdings. This is very normal, every time he reduces his holdings very little, Tencent will sell it for twenty or thirty yuan a share. Tencent sells more than 100, more than 200, and more than 300. At this rate of reduction, it may not be completely sold out in a few decades, which shows that it is not that it is not optimistic, but it is just a regular sale of some stocks. Wang Qinian said, "We used to buy again, and now we don't buy it, but we won't consider selling!" ”

"Japan's is also your most successful investment in recent times?" The reporter said adoringly. "It's almost like NetEase, a hundredfold miracle in more than a year! Why thought of investing in it. What's your secret this time? ”

Wang Qinian said: "There is no special secret, just careful observation. Japanese. Its mobile game manufacturer, the development of mobile games requires good mobile network infrastructure and fast network speed. The 3G network in Japan was already the most popular in the world at that time, and then there was the popularity of touchscreen mobile phones. Therefore, we judge that mobile games will definitely be popular, and the Japanese market should become popular two years earlier than other markets! We took a game "Rose Girl" to Japan and asked for directions, and it was very profitable. At that time, I thought that in an industry with such good profits, if there is a small listed company that makes mobile game products, it should have some potential. It just so happens that there is a company in Japan that started to make PC online games, and before the advent of the mobile game tide, its founder was also the major shareholder of its company, insisting on the transformation of mobile games, for which the game has been developed for more than a year and is about to go public. Sure enough, a mobile game "Lost in the Dragon" was launched, which was launched in January 2012, and now the game has a monthly revenue of more than $100 million, ranking among the top 10 in the world's game revenue rankings. At that time, I only thought that it was very promising as a mobile game, but it exceeded my expectations a hundred times, but it was reasonable to think about it. Originally, it was going to be sold, but its performance has been solid and new games are still being released, so I don't plan to sell it. ”

"Is it possible a hundredfold?" ATV reporter asked.

"The company, if you buy it now, I don't think it's likely to be a hundred times, because its market value is already more than 16 billion US dollars, what is the concept of more than 16 billion US dollars? More than half of the world's countries don't have that much GDP, right? In addition, the world's top companies, technology companies, oil companies and financial companies, more than $500 billion are already the world's largest market capitalization companies, even if the ceiling is raised to 600 billion, 700 billion or even 1 trillion US dollars in the future. So, do you think the company can get to that point? Wang Qinian said with certainty, "Perhaps, the market is optimistic about it and let it reach the point where Time Warner's market value is about the same." But it is impossible to become a giant of the level with a market value of hundreds of billions of dollars or even trillions of dollars! Its current business, in a market that does not support this market capitalization. Well, maybe in the future, it will transform into other industries, maybe it's possible. But according to the information I have so far, it is mainly in the video industry at present. ”

"Excuse me, Mr. Wang, the company's stock price has risen sharply due to the stimulus of the concept of House of Cards. In terms of profitability alone, it is not very profitable. It's good to have hundreds of millions of dollars in net profits a year, will you choose to take it when you see it and reduce your shares? ATV's reporter asked.

"I won't be considering selling it for the time being." Wang Qinian explained, "Besides, as a partner, the benefits are not just a little bit. By selling our content on the Internet in the United States, we can steadily bring more than $5 million in revenue to our partners every month, and this income is still growing rapidly. In addition, content like "House of Cards" has been introduced into China, which has also allowed us to have more exclusive paid content, and the content imported from the United States has brought 10 million yuan to our video website, and this income continues to grow. According to this cooperation model, we don't even need dividends, we only need to maintain the business cooperation between the two sides, and within less than ten years, the benefits generated by the business cooperation can earn back the cost paid by the equity investment. So why should we sell its stake? ”

"Most of the domestic video sites are free. Now, stimulated by "House of Cards", we have to engage in a charging model, what do you think, Mr. Wang? The reporter asked.

"The transition won't be easy, they didn't pay attention to copyright at the beginning, so they missed the opportunity to buy copyright cheaply. Later, they rushed to buy copyrights at a high price, so they have been swallowing the bitter fruit of not paying attention to copyright, and the entire industry is not profitable. Moreover, websites such as Youku, Tudou, and iQiyi, similar to websites that mainly rely on advertising to make money, have transformed into similar websites that rely on content fees to make money, I think, it is not easy. Wang Qinian said confidently.

Although, he did not arrogantly say that other video websites in China are all garbage, but in fact, he is contemptuous enough of all his peers.

"Is station b a model website?" The journalist asked.

If it was station B before Wang Qinian's rebirth, it was naturally not, but station B made by Wang Qinian was not based on barrage and ACG, but a website that focused on high-quality paid content from the beginning. It's not a pattern, though.

"Strictly speaking, although we charge, it is not a model. The mode is mainly monthly, a user pays a monthly rent of about $20 and can watch most of the content of the website. This model is transformed from the traditional cable TV business model. Wang Qinian said very confidently, "Our model is more advanced, and users can order their favorite content independently." 2 yuan for a movie, 1 yuan for a TV series or animation, so that users pay more accurately and do not need to pay for content they don't watch. At the moment, they are learning from our business model, for example, they are running online theaters and streaming movies on a per-film basis. At the same time, we have also introduced a serial charging model. ”

"I'm very humble to learn the B station mode, aren't you going to learn B station?" ATV's reporter asked.

"For this, we have considered launching a new à la carte package model, which is based on the model." Wang Qinian said, "Users can choose 10 completed dramas in a month, and they only need to pay 10 yuan for this 10 dramas in the same month." This mode is suitable for audiences who watch a large number of films, and they are not chasing new dramas. In addition, ATV's current business model is changing, I am aware of it. The model that you ATV Hao is always engaged in, similar to the mode of subscribing to the channel section like a magazine, rather than ordering all the plates, actually gives me a lot of inspiration, it is a similar model, but a little different model. By the way, how many users have subscribed to the Internet media that your ATV is engaged in? ”

"More than 200,000 users have already subscribed!" The reporter was stunned for a moment, and said excitedly in a blink of an eye.

"I hope that your ATV's Internet new media can be successful, if it succeeds, although it will not be very large, it will become a stable foundation, relying on the income of its own platform to invest in works. The copyright of the work can be sold to the outside world for a profit. Wang Qinian said encouragingly. (To be continued.) )