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The same free GMAI1 mailbox in the form of Chinese under the efforts of Baidu after landing in 6 China, because there is no advertising, the interface is simple, and the capacity is larger than other products, so very simply cut their own share of the Chinese EMAI1 market, and formed a squeeze effect on the portal including 163T, although the user growth of 163T has not stopped, but it is no longer as crazy as before.

At this time, the failed merger with Sina 163T fell into the dilemma of having no rice to cook, so Zhang Jingjun had to let Feihua Company invest millions more to tide over the difficulties.

Zhang Jingjun also thought about upgrading a system with a stronger load capacity, but the problem was: Ding Lei and NetEase had moved to the capital, and they couldn't take care of it. Feihua has consulted with American giants such as Netscape, Micro Sun, and Microsoft, and their asking prices are all in the millions of dollars, which is almost an unacceptable condition for Feihua's size!

Moreover, Feihua does not rely on 163t to make money, so there is no reason to come up with more funds to invest at this time. Since March this year, Zhang Jingjun began to report to the above to request telecom investment, but due to many reasons, it has not been approved.

As a last resort, Feihua's top management had to be forced to find a way out. At first, Zhang Jingjun didn't want to sell 163T, but figured out the way of guò financing, brought in the funds, and continued to do 163T.

Dial after dial, this batch is not finished, and a new batch comes, just like the treatment Song Chen received at the beginning, during that time, Zhang Jingjun had to meet at least one group of investors every week on average, IPO, option system, acquisition leverage, investment consultant...... New terms such as these hit Zhang Jingjun's brain.

However, a fatal blow came from the north, and in September last year, the Minister of Information Industry twice reiterated in public the ban that foreign capital cannot enter the telecommunications industry! The Internet is a value-added telecom business. 163T also belongs to the Internet business invested by Telecom. Either way. 163t can't be sold.

Zhang Jingjun was stunned all of a sudden!

163T can't be sold, but Feihua doesn't have the ability to raise it alone, and the user growth is too fast! Coupled with the rise of 21, the telecommunications department of Dong Quang province hopes to re-establish a new brand. Extrusion 163t.

The investor disappeared all of a sudden, and there was only one person, one who kept coming to Zhang Jingjun for tea, and this person was Wang Yan.

Wang was Zhang Jingjun's financing advisor at Feihua at that time. At the same time, he was also the manager of Goldman Sachs' high-tech division, Goldman Sachs was the underwriter of Sina at that time, and Goldman Sachs was very optimistic about the merger and reorganization of Sina and 163T!

But after Sha Zhengzhi was dismissed from class, Sina had to be excluded; Sohu can't do it, because they want to make their own email system; And NetEase is even less likely, the relationship between NetEase and 163 E-mail is too delicate and complex to be clear.

On this day, Wang Yin inadvertently mentioned China Chenxing Holdings, which made the vague idea in Zhang Jingjun's heart suddenly become a reason to wait. Hence this trip to Hong Kong.

"The problem is ......" Yu Wenjie pushed the frame of his glasses, and his originally gentle eyes suddenly became extremely sharp. Telcos have enough positions to interfere in this deal! As far as I know, 163T was rumored to be a possible merger with Sina last year, but because Sina CEO Sha Zhengzhi, who proposed this strategy, stepped down, it was finally over, which is a pity! The traffic of 163T portal is not inferior to Sohu, NetEase and rising star Sina, if the two portals merge, you can tell the story of hotmai1 with American investors! ”

Noticing that the man in front of him seemed to be equally high-powered, Zhang Jingjun asked curiously, "Are you ......?"

"Oh, look at me...... Hehe! Cai Chongxin said with a smile, "Dong Zhang, let me introduce to you, this is Yu Wenjie, general manager of Hong Kong Chenxing Holdings!" ”

"It turned out to be Mr. Yu!" Zhang Jingjun smiled, but in his heart he was very impressed by this man who was a few years younger than him.

"I don't dare, because Dongguang Province is adjacent to Hong Kong, and I am very concerned about the news of the capital level of the science and technology industry after I took up my post in China Chenxing Holdings, so I know a little about 163T and Feihua Company!" Yu Wenjie smiled.

Nodding, Zhang Jingjun sighed deeply: "Yes, after Sha Zhengzhi's resignation, Sina's position made it very difficult for us!" On the one hand, Feihua needs to find better exhibition opportunities for 163T; On the other hand, the daily surge of 163T visits makes us need to increase a lot of investment in Feihua, Feihua added several million investments last year, but can only barely support this year's operation, if you want to increase hardware investment......"

Before he finished speaking, Zhang Jingjun suddenly fell silent.

If you want to know what kind of capital black hole hardware investment is, there is no better understanding than Tsai Chongxin, Baidu and Chenxing Network are not deeply trapped in the black hole of "hardware investment" that burns money? There is also Chenxing Entertainment, although it is profitable, but it is not inferior to Baidu in terms of hardware investment, and it is no wonder that Zhu Tiejun has not forgotten the parallel computing number jù library technology and assembly server technology of goog1e year after year!

These technologies and patents alone can save Baidu 3o% of hardware spending every year!

Although he felt sympathy, but from Cai Chongxin's position, he did not reveal any affection, he muttered: "Then Zhang Dong, can you sue me, Feihua Company's position?" If the transaction amount is huge, I need to consult the chairman; If the conditions were right, I would have given you a direct answer right now! ”

Zhang Jingjun's eyes lit up, but he was very worried, after all, the current Internet capital assets are suffering an unprecedented heavy blow, and the valuation of the past is very out of place today.

In 1998, hotmai1 was acquired by Microsoft, although the acquisition funds are unknown, but the industry estimates are around $400 million, and at that time hotmai1 had 10 million registered users worldwide, which is equivalent to about $4O per user.

Of course, a company's assets cannot be measured so simply! Even the current 163T is not comparable to the hotmai1 two years ago!

Therefore, although Zhang Jingjun had a certain asset evaluation of 163T before he came, he lacked sufficient trading chips during specific negotiations. Plus it's an initiative to see. So the momentum is compared with the potential investor China Chenxing Holdings. Belong to the weaker side.

"163T has certain achievements in the mail system, and it is also a first-line site of the Chinese portal in terms of the active traffic of the portal! If Chenxing Holdings is sincere, our Feihua company is willing to transfer all assets of 163t to you for 50 million! ”

50 million RMB!

Tsai shook his head resolutely: "I must admit that you do have enough performance to convince investors to accept such a price." But that was before! Now today, when the global Internet industry has been hit hard, the technology sector of China's stock market has generally fallen sharply, and Feihua's quotation seems out of place! Moreover, I don't know if Zhang Dong has heard of it. Our chairman attaches the most importance to technology and patents, and in this regard, the 163T customized by NetEase mail system is not attractive! If we want to spend 50 million yuan to buy a portal, NetEase is the real right target! ”

Of course, Zhang Jingjun knew that 50 million was an unacceptable price for the powerful China Chenxing Holdings, and the reason why the price was high was nothing more than to leave enough room for negotiation for the two sides to bargain. So she asked, "So what do you mean?" ”

"163T is a good asset, and aside from the email system technology, it will help our group's business in terms of the value of 120,000 users and the portal...... That's it, Dong Zhang. How much of the 163t book funds are still retained? ”

"There are only more than 800,000 yuan, and our Feihua company still has two batches of funds totaling 2 million that have not yet arrived!" Zhang Jingjun said.

Tsai Chongxin said: "Chairman Zhang's offer did not exceed the investment limit given to me by the chairman. But the price is still inflated for me! Judging from the current tight capital situation, 163T is not worth the price! ”

Zhang Jingjun was about to speak, but Yu Wenjie said with a smile: "Zhang Dong, as far as I know, the industry said that you asked Dongguang Provincial Asset Company to evaluate the market value of 163t not long ago, and I don't know what the appraisal price given by the asset company was at that time?" ”

Zhang Jingjun was silent for a while, and laughed at himself: "Mr. Yu, it seems that you are not just paying attention to 163T!" ”

Yu Wenjie smiled faintly: "Although the Hong Kong holding company is an offshore company, the research on companies in the industry may be stricter than outsiders speculate!" 163T is just one of the domestic companies! ”

The looming ambition of Chenxing Holdings made Zhang Jingjun's heart tremble, and the only thing that is gratifying is that Cai Chongxin and Yu Wenjie have clearly revealed in their words: China Chenxing is indeed interested in 163T!

Zhang Jingjun took a sip of tea, pondered for a moment and asked: "The valuation of the website by the asset appraisal company is 6oo, but we Feihua think that the asset company underestimates the market value of our website!" Mr. Cai, this meeting is an informal negotiation and is not recorded in the file, can I know Mr. Cai's offer for 163t? ”

Cai Chongxin looked at Yu Wenjie on the side and said, "Wenjie, since you are more familiar with 163t, what do you think?" ”

Yuwenjia smiled slightly, folded his legs and said very confidently: "Zhang Dong, a few months ago, the assets of 163t were still muttered, and now if you ask a third-party asset appraisal company to make an asset statement, you will definitely suffer a lot!" Zhang Dong, I'm not wrong, right? ”

Zhang Jingjun nodded: "So I want to know the price you can accept!" ”

"Considering Feihua's years of investment and energy, we can pay 20 million to take over all the assets of 163T!"

Million! Although Feihua Company will have more than 10 million earnings, Zhang Jingjun is still disappointed, this is not the price she is willing to accept!

Cai Chongxin saw Zhang Jingjun's face change, and knew that the other party was unwilling to accept such a price, so he muttered: "That's it, Zhang Dong!" Tomorrow our chairman will come to Hong Kong, if you are interested, you can stay in Hong Kong for one more day, I will introduce you! ”

Zhang Jingjun perked up and said, "Chairman Song Chen?" ”

"Not bad!" Tsai Chongxin nodded.

"It's my honor to meet Chairman Song, then I'm sorry to you!"

"It's not troublesome, the key is that the 163T achievement is worthy of recognition!" Cai Chongxin stood up, and then stretched out his hand to Zhang Jingjun, "Feihua needs to sell for cash, and we China Chenxing Holdings need to strengthen our position in China's Internet market, 163T has a good portal foundation......"

"These may be the consensus of our cooperation!"

……

The house Bai Mengyao bought in Dongou is very close to the European City project led by Shangcheng Fangkai, which is invested by Dasong Group, Dongou Hotel Management Group and Dongou Limao, only more than 100 meters away, and you can still see the magnificent Western-style buildings of Eurotown from the window.

As Song Chen's lover, Bai Mengyao is far luckier than the other "little three", not only has monthly pocket money, but also has her own house, because she also has a part-time health care job in the Song family and has a separate salary income, although it is not as good as Xu Xiaoying, but it is true that it is twice as much as her parents combined! What's more, she doesn't need to worry about moral interrogation from Zhang Ruoxi, which is what she is luckiest.

Of course, the house came with a mortgage, and Song Chen paid for her, it's not that Song Chen is stingy and unwilling to give away a whole house, in his words, this is just an investment, not a self-occupation! Moreover, the monthly payment of the house is nothing compared to Bai Mengyao's current income!

The four-bedroom suite of more than 150 square meters has two small balconies, and Bai Mengyao spent a lot of money on decoration at the beginning. Because she mortgaged another house for her younger brother in Huating at the same time, Bai Mengyao, who did not have enough funds, had to borrow a little money from Zhang Ruoxi to decorate her new home.

According to Bai Mengyao's mother Guo Man's complaints, her daughter and Song Chen's fiancée are probably the most harmonious original partner and junior in modern times......

When Bai Mengyao returned home, her parents, who worked at the Chenxing Logistics Operation Center in Zhuangyuan Town, had not yet left work, and only her younger brother Bai Mengfei put his feet on the coffee table to watch TV. has a charming and beautiful sister, Bai Mengfei, who has inherited the excellent genes of her parents, is naturally not far behind, with distinct facial features and an abstract pendant on her chest, which looks like the male protagonist from a Taiwanese idol drama.

"Sister!" Seeing Bai Mengyao go home, Bai Mengfei was very happy.