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[I originally wanted to code it to 4k words, but after all, I still forgot it! ] Some can't hold it anymore! Get a drip today, so let's rest early! There should be three chapters tomorrow! Sad! Back then, don't talk about a cold or cold, even if you have a fever, you don't take medicine to support yourself, let alone take a drip...... It's so old! 】

On the same day, players reported that there was no movement in the update, and there were not a few people with only 1k downloads, and there were many complaints one after another. If it weren't for the fact that Chenxing Network's QQ up and down transmission numbers and QQ game platform numbers were not running on the same server, even so, there would have been reports of QQ games running poorly on the same day.

After a long-distance conference call with the senior management of the United States, Yao Hua, the executive officer of Chenxing Network, and other senior executives of Chenxing Network, the first decision was to separate the operation and update of the QQ game platform! The second decision was to increase the number of servers after the bandwidth had reached the maximum available to the moment, which inevitably added millions of dollars in server investment costs. [Note: googLe does not share server technology with Chenxing Network!] 】

But even so, global gamers are still excited about the news that Counter-Strike is the first to provide a global battle platform, and although they have to endure problems such as the "drift" of game characters, it is clear that operators and game developers cannot be blamed in the absence of a major increase in global broadband.

However, the industry has expressed a certain degree of caution about this move of Chenxing Network, the reason is that the results of the QQ game platform and even the only major sales product of Chenxing Network at present, "Devouring Fish", cannot be said to be very good, at least the market response is far less than the heat of "Counter-Strike"!

"Devouring Fish" is beautifully cartoonish, very cute, and has an impressive background music. It's not expensive at $8.8 compared to 28 yuan in China, and it supports paypaL, Alipay, VIsa, and masTeRcaRd credit cards. After paying the balance, the user will be authorized to download the game to pnetbsp; As of September 4th, the global sales of "Devouring Fish" are only more than 100,000 copies, and there are only a pitiful hundreds of copies in the Chinese market.

Such sales volume is insignificant compared to QQ's nearly 20 million users. Previously, the industry has always regarded the launch of the QQ game platform as a "tentative measure" for Chenxing Network to face up to the "pressure of shareholders to make profits" and "traffic monetization......

Although there are many people who sing the decline, there are also many people who affirm the efforts of Chenxing Network, saying: "Although the launch of "Devouring Fish" has not brought a lot of income, it has broad prospects! The collaboration with the game developer was an amazing surprise and was well received! Regardless of the ongoing investment in servers and bandwidth, this would be an exciting plan, especially with the upcoming launch of Chenxing Network! ”

Yes, Chenxing Network will be available in September! Compared with other listed companies, Chenxing Network, which had a market value of more than $400 million before going public, has a surprisingly high financial deficit and even no stable earnings at all.

At present, Chenxing Network's income table is divided into two parts, one is unstable and the number and limited advertising revenue, but because the value of the display position is relatively high, the income is acceptable; The second is the advertising revenue of Penguin brand authorization, the main source of which is the Penguin Design Studio established by Dongou Limao, which specializes in Penguin's high value-added products. Sales channels include online 8848 and offline gift stores, Beijing, Huating, Pengcheng and other first-tier cities also have a small number of penguin stores, sales volume is good, net profit margin is also very high, there are millions of sales commissions and brand authorization fees a year, and with the increase in sales every year, the operating income also increases.

It's just a drop in the bucket compared to the tens of millions of annual expenditures of Chenxing Network.

But for the Nasdaq, which is not rational at this time, the financial deficit of the Chenxing network is nothing, and people will point out the hundreds of non-profitable technology companies in the Nasdaq: "Look! There are not so many profitable companies, and even dozens of them have been listed for several years, and it is not uncommon for more Chenxing Network to be one, the key is that Chenxing Network as a Chinese Internet company has trustworthy technology and strong insight into products, and more importantly, Chenxing Network is backed by China Chenxing Holdings! Chenxing Network, 8848, and Ctrip.com directly or indirectly represent the market value of China Chenxing Holdings, especially the increasingly valuable search engine, which is the most valuable dark horse in the entire Internet industry! And as we all know, Baidu and googLe are controlled by Chenxing and are Song Chen's! ”

The underwriters of Chenxing Network's listing have not yet been decided, but the major investment banks have already offered the best conditions they can to Zhai Yan, the owner of China Chenxing Holdings, and the owners behind the scenes.

Based on the possibility of future cooperation, Song Chen did not put investment banks outside the United States such as Deutsche Bank, Credit Suisse and other investment banks into his inspection objects, so the objects of previous cooperation such as Merrill Lynch Group, Meisheng Group, Goldman Sachs Group, Morgan Stanley were included in the key objects of investigation, the two or three underwriters listed on the Chenxing Network are mainly based on these four investment banks, and the rest such as Lehman Brothers, JPMorgan Chase, Bear Stearns and other investment banks have also sent people to lobby. But Song Chen thought about it again and again, but he still put it aside and didn't consider it.

For Song Chen, deepening the relationship with Wall Street will help him and Chenxing Holdings in the future!

However, after all, Chenxing Network is an industry under China Chenxing Holdings, and Song Chen also handed over the company's main affairs to the professional managers with Zhai Yan as the leader, including the listing of the subsidiary. In the absence of urgency and necessity, he did not want to interfere with the decisions of the top management of China Chenxing Holdings, he knew that his strength level was inferior, so he tried to play the role of the person who made the final decision.

That is, the role of the financial investor rather than the owner of the company.

Seattle, Washington, USA, at 2 p.m. local time.

Seattle's Terry Avenue North is home to an e-commerce company that has made a name for itself in recent years: e-commerce giant Amazon.

Amazon started as an online bookstore with its founder, Jeff? Bezos is an analyst on Wall Street in New York, and the genes of the founder's finance determine that Amazon's starting point is destined to be higher than other Internet startups! It's just, amazingly, Jeff, who came from the financial field? Bezos, on the other hand, pays special attention to technology and user experience, and it is difficult to say whether it is a technology company for a long time.

Amazon has always told a joke about Bezos's founding company, and in 1994, when the Internet was just starting out, Bezos decided to start his own online retail company. Knowing that there were many good engineers in Silicon Valley, he drove across the American Intercontinental Highway from New York on the Atlantic coast in the eastern United States to the Pacific coast in the western United States.

Hurry up to the West Coast of the United States, Jeff? Bezos went the wrong way, and was supposed to go south to California's Silicon Valley, but instead went north to Seattle. Later, he now has a large number of excellent engineers in Seattle, so he decided to exhibit here and set up Amazon.

It was later confirmed that Bezos chose Seattle over California mainly to save California customers a whopping 8.25 sales tax to stimulate Amazon sales. [Note: Later, this tax increased slightly!] 】

Amazon's e-commerce was most successful in selling books in the early days, because buying books is not like selling clothes, you don't need to "try", and you can't return them at will, so the high standardization of its products is more suitable for online sales. Taking advantage of the spring breeze of the Internet at the end of the last century, Amazon has completed the feat of staking its ground on the U.S. e-commerce map and exchanging money for the market with the help of investors and venture capital.

Since the beginning of this year, Amazon's stock price has fluctuated dramatically, from the highest share price of $1o5.o6 on April 19 this year to the lowest point of 44.78 on August O2, a decline of 42.6. [Note: Amazon's highest stock price during the Nasdaq fever period appears to vary between different sources, with some sources indicating that Amazon's stock price was past $12o before the Nasdaq crash.] However, the author checked the history of the NASDAQ Amazon stock price, and now it is only 1o5.o6 US dollars, which is subject to the record of the NASDAQ, if there is any error, please forgive me! 】

What does this foreshadow of Wall Street's vs Jeff? Bezos's patience was becoming extremely weak, and Amazon's stock price was close to 8848 at that time! Using this stock price as a benchmark to compare 8848 and Amazon, the former's global revenue is incomparable to the latter. The reason why 8848 did not suffer the impact of Amazon's stock price crash:

One is that the investment of 8848 is very pure.

The funds raised by 8848 are basically invested in e-commerce websites and human salaries in China, Japan and the United States, deducting the website's express delivery costs, marketing costs, office equipment and servers, and various taxes and fees, and there is no large-scale investment in logistics like Amazon. The flow of money from 8848 is clear and pleasant to Wall Street. [Note: Taxes and fees mainly refer to value-added tax, and 8848 is still in the tax exemption period!] 】

China Chenxing Holdings obviously played a big role, because the cost of Chenxing home delivery to 8848 express delivery has always been the internal price, relative to the market price is at least 2O, this preferential policy has been criticized by the shareholders of Chenxing home delivery, but considering that the establishment of Chenxing home delivery itself is to serve 8848, and 8848's strong growth prospects and the two shareholders of Chenxing home delivery have chosen to acquiesce, so there is no discordant voice. (To be continued.) If you like this work, you are welcome to subscribe (Biquge), reward, your support is my biggest motivation. )