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After the TT voice cornered overtaking was hopeless, Wang Qinian's mentality was relatively calm. Pen ~ fun ~ pavilion www.biquge.info Actually, it is strange to surpass Tencent QQ on instant messaging software!

ICQ, the originator of instant messaging software, was born in '96 and became popular in the world in the early days of its launch. At the same time, there are a large number of followers all over the world.

In the Chinese market, hundreds of instant messaging apps have appeared within a few years.

It can be seen that there are many smart people in China, and when a business opportunity appears, countless people have begun to come in to speculate!

But this is a tragic fight, in the instant messaging software war, after the survivors, Tencent QQ, other similar software, all have no bones!

Historically, Tencent QQ has stood out from countless copycat ICQs of its kind. The reason is that the user experience of QQ is the best, far surpassing ICQ, the originator of instant messaging software!

Therefore, around 2000, QQ's market share in China was once close to 100%! All the same type of software can't compete with QQ!

At the beginning, it was the leading user experience, and later it was the leading user scale, and many users became dependent on QQ, and their work, relatives and friends were all using QQ, and they were forced to use QQ.

For a long time, whether Sina withdrew from UC, Microsoft launched MSN, or other instant messaging software, pure instant messaging tools, it was difficult to compete with QQ!

Only by playing differentiated competition, gradually encircling users and establishing moats in the corner areas that QQ has not yet covered, can we survive.

For example, the later YY voice and Ali Wangwang are competing with differentiation, so they can withstand the monopoly advantage of QQ. YY Voice's expertise in voice communication. Ali Want Want is an e-commerce online shopping communication tool, the dispute between the owner of the online store and the customer, the chat record on Want Want, can be used as evidence to determine right or wrong, because, Taobao is strong. So Want Want has become a professional instant messenger.

Now the TT of the little partner company is similar to the later YY voice! It's just that because it entered the instant messaging market earlier, Tencent is not as strong as it was later, so the threat to TT is not too great, and TT is also developing during the period of QQ development.

The current pattern is that QQ has a market share. 75%, while TT has a market share of 21%. The boss and the second boss have divided the vast majority of the market, and other instant messaging software has almost no way to survive!

This is the cruelty of the Internet industry, the eldest and second children and other strong people snatch all the food of the third, fourth, fifth, sixth and so on little brothers, and starve these little brothers to death. If the second child is not strong, he will even be robbed of his cake by the boss. Starve to death!

After Tencent's listing, Wang Qinian issued a trading order: "Buy 50 million Hong Kong dollars of Tencent shares!" ”

"HK$50 million in shares? What is the price range? Zhang Wei asked.

"Under 10 bucks. All sweep the goods. Wang Qinian said, "After buying 50 million yuan of stocks, I will call it a day!" This stock, to learn from Warren Buffett, long-term holdings! ”

"Warren Buffett doesn't buy tech stocks!" Zhang Wei complained.

"This is a complete misunderstanding, Buffett's premise for buying stocks is the circle of competence, his upbringing. He doesn't know much about the Internet, so he doesn't think he understands and doesn't know how to judge the valuation of Internet stocks! If, Warren Buffett was born 40 years later. He's definitely buying tech stocks! Wang Qinian smiled, "And we use the Internet, we should understand that stocks like Tencent, which occupy a large number of users, are equivalent to staking land, and the cheap circle occupies a large amount of land. What's even more terrifying is that QQ is the boss in the industry, and the scale of the Internet is the boss winner-takes-all. The third and fourth and other weak people in the industry may die, and the second child may die! But in any market segment, the boss will mix very moisturizing! ”

"Will the second child die?" Zhang Wei couldn't help but think that the TT voice of the small partner company is the second in the market! The second child will die, and the partner company has invested hundreds of millions of yuan, is it a waste?

"After all, TT voice is still innovative, which is different from Tencent's QQ!" Wang Qinian smiled and said, "We are the overlord of voice communication, and we are also the boss!" ”

Looking at the problem from a different angle, it is really different!

In the entire instant messaging market, Tencent is indeed the boss.

However, in the online voice communication market, because TT pioneered this concept and currently accounts for hundreds of millions of registered users, the moat is relatively wide, and it is not so easy to die.

……

In June 2004, the partner company subscribed for new shares of Tencent Holdings. Tencent, which issued 420 million shares, received more than 150 times the subscription. In other words, Tencent has raised more than 1.5 billion yuan, but in the market, there are nearly 200 billion yuan of funds rushing to buy Tencent's shares.

Because, everyone is grabbing, the small partner company spent 50 million Hong Kong dollars to subscribe, and only bought 85,500 shares, and only grabbed 316,350 yuan in market value for new shares.

On the day of the new listing, Tencent's stock price rose slightly, and the partner company ate another 8 million yuan of shares on the same day.

In the following period of time, short-term speculators who subscribed for new shares sold off satisfactorily. As a result, Tencent's share price has been below 4 yuan for a long time.

But the little partner company is a foodie all the way!

The company bought 12.98 million shares of Tencent at a cost of HK$3.85 per share.

Eating some chips cleanly, Wang Qinian felt very satisfied!

In the future, if this part of the stock is held for a long time, it is conservatively estimated that the market value of the stock will increase to more than 7 billion yuan after ten years.

It's no fun to hold Tencent!

Tencent is not bad for money, not bad users, not bad prospects. What's more, Tencent's major shareholder is South Africa's Millard Holding Group, which holds more than 40% of the shares.

The majority shareholder behind South Africa's Millard Holding Group is Standard Bank of South Africa. Standard Bank and Industrial and Commercial Bank of China have always been close to each other in the international community and are strategic allies. In particular, after the 08 financial crisis, Standard Bank sold many subsidiaries in South America, Africa and Europe to ICBC. Including, Standard Bank of South Africa, the most powerful bank in Africa. It was also sold to the Industrial and Commercial Bank of China.

South Africa's Standard Bank later became a controlling stake in the Industrial and Commercial Bank of China.

ICBC is a state-owned enterprise, so after a long time, Tencent was later a state-owned enterprise controlled by the Chinese government -- foreign enterprises and private enterprises are only superficial.

In the future, ICBC will be known as the bank with the strongest assets and profitability in the universe, and it will be invincible on the earth.

Wang Qinian is awesome. It is not expected that they will be able to compete with the universe.

It is also normal for South African companies to be Chinese state-owned enterprises for a long time. South Africa is a country that has quickly been a mess since the black people ruled. Originally, when the Boers ruled, South Africa was developed in all aspects of economy, industry and technology, and the Boers practiced apartheid and did not treat blacks as human beings. So, the country is strong.

When the blacks came to power, the Boer enterprises were taken away one after another. A large number of Boers fled South Africa, and those who remained in South Africa could only sit and watch the blacks turn over and become masters, and the native whites became spectators in South Africa.

Then, under the rule of the blacks, South Africa's financial center, industrial center, developed medical care, and good law and order all came to naught!

In order to keep going. The South African government asked other countries for advice, and Europe and the United States naturally opened up a lot of money to South Africa. Finance, industry, ports, everything is sold to foreigners. South Africans actually accepted them all, and then, the French, the British, the Americans, the Chinese, the Russians, any big country, joined in the feast of dividing up South Africa's national wealth and resources.

South Africa's financial, resource, and industrial lifeblood are almost entirely in the hands of foreigners. China is also in league with other countries. One of the great powers to share up the feast of South Africa's assets and resources. In the feast of carving up South Africa's assets, finance, resources, and enterprises, China is basically dominated by large central enterprises and state-owned enterprises.

Therefore, it is normal that many famous enterprises with a long history in South Africa are actually Chinese state-owned enterprises.

Precisely because. Most of the big and powerful countries in the city participated in the feast of dividing up South Africa's wealth, so everyone happily called South Africa's Mandela "great man" an old friend.

Mandela is not only an old friend of the United States, but also an old friend of China, Britain, France, and Russia. Only for the Boers, this man ...... It's sinful!

South Africa, built by the Boers, is a powerful country, a developed country. However, after a black man came to power, South Africa quickly became a developing country.

The point is that South Africa was not originally a black country, and the natives of its country are not black! The Boers first immigrated to South Africa and conquered the local yellow people. The yellow race was integrated into the Boers. Soon after, blacks also immigrated to South Africa.

From the point of view of the country of South Africa, it is true that the Boers are colonizers, and the blacks are also invaders and colonizers!

At the time of Boer rule, South Africa was at least a developed and civilized country. During the period of black rule, South Africa quickly regressed!

Therefore, blacks are naturally not proficient in management, they naturally have the talent of losers, and they are naturally chaotic. If you want to make a mess of a place, you only need to bring in a large number of blacks, and soon, a region that was originally stable, prosperous, developed, and well-ordered will become a chaotic, poor, backward, and declining area.

It is precisely because the black people are completely unable to govern the country that after the black people in South Africa came to power, they quickly lost their fortunes, frantically sold the factories, mines, banks and docks established by the Boers, and sold all their assets to foreigners. Therefore, the Chinese are also lucky to follow everyone to share a piece of the pie, in the chaos of South Africa, control a large number of assets and resources.

Of course, the psychological side complains about black people, but if he meets black people, Wang Qinian will also kindly call them friends of Chinese.

As for whether ICBC's later holding of South Africa's Standard Bank was to indirectly control Tencent, it is unknown. After all, ICBC has never interfered in the operation of its grandson company, South Africa's Millard Holding Group, in the future, and it seems that it does not care about the entertainment and Internet business, but only wants to settle in Africa. South Africa's Millard Holding Group, which has been a major shareholder of Tencent for ten years, has never asked about Tencent's operation.

Therefore, just ask the major shareholders of the operation, so that Tencent's control has always been firmly in the hands of the founding team, which is also the reason why Tencent's development speed has been very stable since then.

After the establishment of Tencent, the investment company under the small partner company has also come to an end in the capital market. So far, the investments of small partner companies are in the Hong Kong stock market and the US stock market. Because, in Hong Kong stocks and U.S. stocks, many investment targets are 100 baggers of 10 years. There are also 100 baggers in the A-share market, but they are all 100 times in more than 10 years and 100 times in 20 years. Therefore, the partner company has not included the A-share market in the "range" for the time being.

However, in the future, small partner companies will also get involved in the A-share market, but that will be at least a few years later. In the ** bull market of 05 ~ 07 years, Wang Qinian can't look down on it. After all, how many hundred-fold stocks are in your hands, and you can still see a 6-fold increase in the big bull market?

At this stage, the investment position of the small partner company has 1 million shares of Apple, 1 million shares of Shengda, 1 million shares of Vale, 350,000 shares of FLIX and other stocks in the market per share. The market capitalization of the U.S. stock market is $34 million.

In the Hong Kong stock market, it only holds 12.98 million shares of Tencent Holdings, 1 million shares of CNOOC and 1.53 million shares of China Southern Airlines, with a market capitalization of HK$55 million.

Basically, the position of the partner company in the stock market has been established, with an ultra-long term that will not be sold for ten years, and a long-term term that will not be sold for three years. and mid-term stocks that will be sold in a few months. and stocks that will rebalance repeatedly in the short term. (To be continued.) )

ps: First update, thank you for my lazy sheep monthly pass support!

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