0711 Self-censorship
"Chairman!"
"Lao Zhu, is the company okay?"
"δΈqiΔ progress shun lΓ¬!"
It was Song Chen who asked, and Zhu Tiejun who answered, although the age difference was more than ten or twenty years old, they all looked like a spring breeze. Especially for Zhu Tiejun, Baidu's refinancing is good news for him and his team, because the last time SoftBank was introduced, Baidu was small in size and correspondingly small in the option pool, with only a few high-level and early-stage veterans-level employees getting options.
Even if his work performance is good, perhaps because Alibaba Group, Ctrip.com and Chenxing Network are too eye-catching, he has not been able to get the expected options, including him and Zhen Haomiao, all the management received less than 5% of the option rewards, after several major venture capital shares, it is diluted even lower!
Once again, both Baidu and goog1e must set up an option pool for the next company expansion, which means that the management team can benefit from this financing, and it is no wonder that Zhu Tiejun is more pleased than Song Chen!
Wang Xiaoxue, who was standing beside Zhai Yan, gave Song Chen a sultry and sexy look without a trace, and said with a smile: "You have found so much money for Baidu, it is impossible to invest all of it in the construction of the Digital Center, right?" [Note: The above forgot the leadership of China Chenxing Holdings, and I will make up here.] γ
Song Chen shook his head and said, "The loss of server depreciation rate is staggering, and the cost of using telecom equipment and bandwidth in China remains high, so I won't invest in so many capital-intensive heavy assets in one go!" And strictly speaking, although China has a large area, network users are more concentrated than North America, South America, Don'ou, Western Europe, the Middle East and other regions, so the number of jΓΉ centers, goog1e has more substantial demand than Baidu! Once Baidu's current Qiantang City Center is fully completed, it will be enough to cope with the scale of high-growth Chinese netizens in the next three years! β
Zhu Tiejun perked up and asked, "Then how to use this $3o6 million?" β
Song Chen groaned: "Pinch this money well, I believe it will come in handy soon." If funds are not tight, perhaps this is the last financing before Baidu goes public! β
Hearing the word listing, Zhu Tiejun, Zhen Haomiao and other well-dressed high-level executives all smiled excitedly: "Yes!" β
After laughing for a while, Zhu Tiejun's expression soon became solemn.
Song Chen glanced at him, and then looked at Jiang Zheng who was talking to Jiang Yan on the other side of the venue, Song Chen quietly picked up his wine glass, and a touch of contemplation flashed in his eyes. However, he quickly put aside Jiang Zheng's visit to the United States for the time being, and he smiled while pulling Zhu Tiejun's arm: "Today, you people and Eric are the protagonists of today, enjoy this glory!" β
Saying that, he pulled the man towards Gerald? Belu, Kant? Pamo and the others walked away.
β¦β¦
After the banquet. Temporary servants began to clean the venue.
Song Chen, Jiang Yan, Jiang Hongling, Jiang Zheng, and Zhu Tiejun sat opposite each other around a round and delicate mahogany table, with a cement building supported by thick wood at their heads, which looked very magnificent. From here, you can see the city of Woodside in the distance, and you will feel a sense of relaxation.
Bai Mengyao was wearing a short black tight patent leather skirt, and her slender white arms were holding a plate with five glasses of refreshing and transparent lemonade and various delicious fruits.
The power of the pillow wind is amazingly awesome in ancient and modern times, and no one wants to offend these seemingly lowly women who can influence their bosses at close range. Therefore, Zhu Tiejun nodded slightly to express his respect. And Jiang Zheng, as a "relative", also bowed slightly to express his gratitude.
Putting things on the table, Bai Mengyao was about to leave, but Song Chen took her hand. asked softly, "Didn't you see Yin Xin just now, she was in the room all the time?" β
Bai Mengyao glanced back at the other men, shook her head, and said softly, "Yin Xin took Xiao Jue and Yixian out to play. Drive that sports car you gave her! β
Song Chen raised his eyebrows slightly, and he nodded, indicating that he understood. Wait until she leaves. He asked, "Does the central government have a new policy?" β
"It's not a new policy, it's just that the Central Propaganda Department has strengthened its control over Internet companies! Not...... To be precise, it is the control of information and the contraction of capital! It was Jiang Yan and Jiang Hongling's cousin Jiang Zheng who spoke, and his expression was somewhat solemn, "Because the government has decided to refuse the financial support of state-owned banks for Internet companies, it is impossible to replicate the story of us borrowing so much money from the bank in the previous two years, no matter how deep the relationship is, it is useless!" β
Jiang Yan said disapprovingly: "If you really want to talk about it, the government's support for private Internet companies is almost negligible, and the loan to us can be called the largest and probably the only support in history, and it has an operational background that combines politics and business, and has no basis for replication!" β
In China's big 6 without the influence of Song Chen's "butterfly effect", the government is ignorant of the business model of Internet companies based on free foundation, and even arrogant and prejudiced, so that the support for Internet companies is almost zero - probably only Internet companies with state-owned background can borrow money from their parent companies and even banks, for example, the acquisition of Chenxing Network is an example of being born around!
Where there is a cause, there must be an effect, and where there is an effect, there must be a cause!
The prejudice and arrogance of bank capital against Internet companies have made Internet companies that are not supported by Chinese capital but are hungry for capital because of their brutal growth report to the thighs of venture capital! As long as the founders came up with a project plan, whether it was reliable or not, they were very likely to be favored by venture capital who had to find "investment hotspots" because of the Asian financial crisis!
Foreign venture capital has entered China as early as the 8o years of the last century, and the early death of the earliest state-owned venture capital "Zhongchuang" has led to the growth of local venture capital due to the lack of funds, policies, ideas, and systems, which has laid the groundwork for the absence of Chinese banks from China's Internet explosion.
The retreat of Chinese capital has made room for the rapid entry of foreign capital, although the NASDAQ stock market crash swept the world, but in the case of intensive netting, there are always a few seeds that will grow and thrive! And in this country with a population of 12.3 billion and "fertile soil without natural enemies" due to policy blockades, hundreds of Internet companies have fallen, but the Internet tycoons who later called for wind and rain in China were born!
This is the case for the three major portals of NetEase, Sohu, and Sina; The online game bigwigs are grand, JD.com, and even the Internet bigwigs who can be called are all like this, and behind them are all investment banks with strong capital and unfathomable strength! Later, the three giants of China's Internet, Baidu, Alibaba, and Tencent [BAT], even represented the three major information forces: search, e-commerce, and social networking!
Chinese capital may not all be absent from the listing feast of the three giants after the 21st century, but it is only a belated soup, and most of it has been taken away by foreign multinational investment banks. [Note: It is worth mentioning that the investment bank with a "special" state-owned background invested in Alibaba Group has been interpreted as a conspiracy theory, which is really ridiculous!] Crony capital may be arrogant and domineering, but no matter how outrageous the reality is, it is impossible for the magnates in a certain novel to shout "I will give you a million, and you will give me a company worth tens of billions", right? Or maybe it's because my understanding of the gentlemen is too "gentle", at most it will involve some gentlemen who drive a sports car and hit people but shout "My dad is so-and-so" and so on, but can't write about the above powerful people's style of acting, even Abe Ryuji, I just define him as an "impulsive and reckless" nationalist, not a pure brain-dead...... Here are a few words of self-deprecation, readers just take a look, don't take it to heart! It's really unpleasant...... Please also spray lightly, I'm a very affectionate person, so far I only dare to read the comments at a glance and ten lines, and I don't dare to read it carefully, for fear of affecting the writing feelings! γ
A drink and a peck, always!
Therefore, Jiang Zheng said that the Chinese government and banks did not start to fully withdraw from the investment of Internet companies, but as early as 1997, when NetEase was founded, the seeds of doubt were planted! It is not surprising that the Chinese government's subconscious vigilance instinct is not surprising when it encounters the soil of freedom with a vague business model and an inherently "anti-authoritarian" nature.
At least back in 97, combined with his own identity and status, Song Chen has enough experience and vision to speculate on the jealousy and anxiety of Chinese leaders.
If the government's high-level perception of China's Internet industry is weak, and there is a strategic misjudgment, then information control is the real lifeline of the Chinese government.
"Just as the chairman guessed, the state has decided to strictly control the information distribution of Internet companies!" Jiang Zheng stared at Song Chen deeply, and once again felt admiration, and even fear, for this person's foresight - there are many smart people, but they are so smart that they understand the political wisdom that requires profound social experience to cultivate at a young age, which really cannot be summed up by a simple "genius"!
"How do you control zhì?" Jiang Hongling asked curiously. Perhaps she is the only one of the five people present who does not understand the far-reaching impact of this incident on Baidu and even the entire Chinese Internet!
"Self-censorship!" Jiang Zheng succinctly spit out a noun.
Self-censorship, literally easy to understand these four words! However, for any commercial company, the self-censorship is often thought to be an unshirkable responsibility, as well as a financial burden - the AI of the current process is often unable to undertake the complex review work, which means that it is necessary to increase the number of departments and personnel dedicated to reviewing the content, and the additional labor cost cannot be used temporary workers, right? (To be continued......)
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