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On July 23, 201, NetEase announced that on July 19, 201, the Company received a notice from the NASDAQ stock market that it intends to suspend trading in the company's state depositary shares on the NASDAQ national market when the market opens on July 27, 201.
For several months, Ding Lei suffered from failing to submit financial reports to the NASDAQ in a timely manner and being suspected of misrepresenting financial contracts, and finally handed over the financial report at the end of August, and was suspended from trading on the NASDAQ market on September 4 until he completed the "supplementary questionnaire" required by the NASDAQ side.
At that time, the outside world gave two miserable endings to Ding Lei's fate: first, NetEase was delisted and withdrew from the NASDAQ; The second is that he may go to jail for the company's problems.
However, Ding Lei didn't seem to be in a hurry, and in an interview with a reporter from Computer News, he revealed: "The supplementary questionnaire will mainly focus on NetEase's financial and other issues, but there will be no restrictions on the time to answer the questions!" β
At the same time, he admitted: "The predicament is temporary, but I'm not worried that NetEase will not be able to afford it from now on!" On the contrary, the future of NetEase is brighter than ever, and I believe that by the fourth quarter of next year at the latest, the company will end its financial deficit and get the profit that investors want! β
"Is it true that there are rumors in the industry that you will be responsible for this financial scandal and that you will be removed from work?"
Ding Lei smiled slightly: "I am indeed responsible for this scandal, but I think that leaving my post will not only help NetEase change the status quo, but also the situation will get worse!" In the past two months, I have had many substantive communications with investors, exchanged opinions, and obtained their understanding! I think I still have time to change the wrong view of me on the capital side! β
The reporter asked, "That's really good news!" Does this have something to do with the meeting with Mr. Song a few months ago? In May, you had a meeting with Mr. Song Chen, chairman of Chenxing Group, and there was news that online games and Monternets could help portals achieve profitability, and NetEase was interested in transforming into an online game company? β
Ding Lei shook his head and said: "Portals are still NetEase's core business, but the company does intend to enter the field of online games and open mobile Montnets products, and this plan will be revealed in the near future!" As for my meeting with Mr. Song. This is indeed true, and he made me believe that persistence and confidence are essential conditions for the survival of Internet companies, so I have withdrawn the consulting letter submitted to Goldman Sachs in January this year! β
Compared with the news of NetEase's delisting, this reporter seems to be more interested in the relationship between Song Chen and Ding Lei: "I heard that you and Mr. Song are long-time friends? β
"It's true that I've been friends with him for a long time, but we're not friends!" Ding Lei let out a hearty laugh, shook his head and said, "Strictly speaking, it was only the first time we met at that time, and I took the liberty to ask him for advice!" β
This is really a big revelation! The reporter was so excited that he couldn't help himself.
"NetEase and Chenxing Group's Chenxing Network are competitors, right? With hundreds of millions of QQ registrations, Chenxing Network's portal business easily squeezed out the old portals China.com and Yahoo China. Jumped to 4th place! It is reported that in the list of potential acquirers of NetEase at that time, there was Chenxing Network? β
"Yes!" Ding Lei said with a smile, "This is also the most admirable thing about Mr. Song, he unreservedly put forward a lot of insights to me, and helped me straighten out the changing trend of the Internet!" As far as I know, since the details of my meeting with Mr. Song were revealed, Sina Sohu, including NetEase, has set up a game operation department, either explicitly or covertly, which is also the pressure brought by the capital market! I expect that next year we will have a big fight in the field of online games. Continuing our competition in the portal business! β
"Do you have a follow-up cooperation plan with Chenxing Group? Such as accepting strategic investments! β
Ding Lei laughed and said: "If Mr. Song is interested, of course I can't ask for it!" β
The reporter nodded, and then asked: "With the deterioration of the external environment, the major portals are facing tremendous pressure from the capital side. Following Sina Sohu's launch of VIP paid mailboxes last month, there is news that 263, China.com and other websites have corresponding plans, will NetEase follow up? β
This question made Ding Lei hesitate, and in fact, he was also considering whether to end the free mailbox. Asking users to pay, he muttered: "It's hard to say about this matter at the moment, I prefer to be free." But the specific countermeasures still need to look at the environment! β
"I heard insiders from a company say that websites such as Sohu NetEase 263 are waiting for the reaction of Chenxing Network, is there such a thing?"
Ding Lei smiled slightly, noncommittal, obviously acquiescing.
β¦β¦
Chenxing Network already has its own free mailbox products, after acquiring and integrating a number of domestic and foreign portal resources, it has 14 sites around the world, 7 language versions, and hundreds of millions of users...... The number of visits in a single day seems to have reached hundreds of millions overnight, ranking third in the world after Yahoo and Lex!
In China, the reason why Chenxing Network is not as good as Sohu, Sina, NetEase, the three major portal media, is that only the big 6 users and brand influence are considered, just from the number of users to compare, with the world's first social products as the traffic engine of Chenxing Network, the number of visitors is actually far more than the three major portals of the old domestic brand - this is also the essential reason why Yahoo has chosen to be a stranger with Chenxing Group from the initial close cooperation, and finally became an enemy!
It starts with benefits and ends with benefits!
In addition to the aggressive attack on the core portal business by Chenxing Network, the new Yahoo CEO Terry? Smoore is anxious about the free mailbox project, which involves two essentially but the same enemy: Chenxing Network's QQ mailbox and goog1e's GMAI1 mailbox, the former uses the same set of technology as the latter!
In order to avoid unnecessary internal friction between the two companies, Song Chen, after several thoughts, also talked to Yao Hua and Eric? After many communications, Schmidt referred to the example of 36O Network Technology Co., Ltd., and upgraded the mail business group to an independent business department, and Goog1E divested the GMAI1 business group and related intellectual property rights, and placed it into the new mail division of Chenxing Network as a whole!
As a reassurance and compensation for GOOG1E, Liu Yang, the former head of the GMAI1 business group who joined Chenxing in the first batch of Baidu and GOOG1E and then returned to Chenxing Network, officially served as the president of the division and concurrently served as the senior vice president of Chenxing Network. In addition, goog1e is used abroad, and Baidu, two major search engines are used in the Chinese-speaking world.
As the consideration for Chenxing Network's acquisition of GMAI1's business, Chenxing Network granted Goog1E nearly 10 million Class B ordinary shares worth approximately $120 million, and Goog1E thus became a shareholder of Chenxing Network, owning 4.76% of the equity and voting rights equivalent to 1O times the Class A common stock!
Chenxing Network is a listed company, for Chenxing Group, this is "left hand out and right hand in" capital operation, and for global investors, in the case of a slight easing of the capital environment, the acquisition price of Chenxing Network is slightly larger, but considering the importance of GMAI1 technology, the share price of Chenxing Network in the NASDAQ stock market jumped slightly, the stock price rose slightly compared with before the acquisition, reaching $11.32.
U.S. investors even speculated from this acquisition that there might be "cross-shareholdings" between Chenxing's subsidiaries, and the stock prices would be completely different!
Terry? The reason why Smoore is worried is because the QQ mailbox of Chenxing Network has really shaken the dominance that originally belonged to Yahoo.
On August 8, 2oo1, after more than half a year of construction, Baidu and goog1e digital jΓΉ centers were completed and put into operation, which had nothing to do with Yahoo and even publicly ridiculed many times, thinking that goog1e was a redundant thing!
However, after the operation of these two centers, not only has the search processing of goog1e and Baidu been greatly improved, but the visit degree of Chenxing's company website and products has also been greatly improved! The most typical example is the QQ mailbox after the integration!
Before the company did not have its own data center, the servers related to the processing of data were hosted in the computer room of telecom or third-party service providers! Compared with building their own data centers, hosting servers is a better way for small and medium-sized Internet companies to save costs, as large as Baidu and goog1e to serve hundreds of millions of users around the world in the future, processing billions of searches every day, the operation and maintenance costs of hosting servers to third parties are undoubtedly unacceptable, and building their own data centers has become a matter of course!
Baidu and goog1e construction of digital jΓΉ center for Chenxing network, Alibaba Group and other brother companies, the biggest benefit is that you can make the best use of things, the original entrusted to the third-party IDC of the matter to Baidu and goog1e operation and maintenance team to do, whether it is to save a part of the expensive manpower salary or operation and maintenance costs, is the best choice of Chenxing company, goog1e and Baidu can also get additional benefits from the brother company - in the end, it is still a matter of left hand and right hand!
After obtaining the "base area" built on the cloud from the brother company, Yao Hua completely let go of his hands and feet! Since domestic and foreign portals announced the launch of paid mailboxes, reduced the capacity of free mailboxes and even closed free services, not only the old domestic portals are speculating about Yao Hua's strategy, but Yahoo Lex, which is headquartered in the United States, is also cautiously watching!
Yao Hua really lived up to their expectations, on the third day of Ding Lei's interview, on September 7, the high-spirited Yao Hua announced at the press conference of Dongou Hotel: After the integration of GMAI1, the personal QQ mailbox will be free forever, and the original 8M capacity space will be increased to an unprecedented 1G capacity!
What is this concept? (To be continued......)