Chapter 477: Yahoo goes public
Ma Yun stood there in a daze, looking at the contents of the magazine, as if she was petrified.
At this time, Bill on the side was curious: "Jack, what's wrong with you?" ”
"I didn't ...... It's nothing! ”
Ma Yun shook her head and took a deep breath.
He never thought that Yahoo, which had set off such a huge movement in the United States during this time, was actually the handiwork of Pang Xuelin.
You must know that in recent months, Yahoo's business model and development model have become the focus of attention in the industry, and many economists and financial experts are studying Yahoo's business model.
The entire Wall Street has focused on the Internet, an upcoming investment outlet.
At present, the number of Internet users in the United States is increasing at a rapid rate of 20 to 30 million per year.
At this rate, I am afraid that in a few years, Yahoo will become a giant in the Internet industry.
No one can say for sure what level Yahoo's market capitalization will reach by then.
But there is no doubt that Pang Xuelin, who owns 80 percent of Yahoo's shares, undoubtedly owns and Bill? Gates' ability to wrench wrists.
……
Ma Yun continued to read along the article.
After a long introduction, the next step is the interview session.
Mitchell? James: Mr. Pang, thank you very much for having the time to interview me today, as far as I know, very few media have been able to interview you, why did you choose to be interviewed by us at this time? Is it related to Yahoo's next in-flight launch?
Pang Xuelin: Actually, I have always been a very open person, but I pay attention to internal management rather than external publicity, so the media think that it is difficult for me to interview, which may be just a misunderstanding.
However, it is undeniable that this decision to accept an interview with you, Mr. James, is indeed related to Yahoo's upcoming IPO, after all, after Yahoo goes public, shareholder information will basically be made public, as an investor in Yahoo, I have the obligation to stand up at this time and convey to the public some of my personal ideas and some information about Yahoo's future development.
Mitchell James: Mr. Pang, I'm glad you're so candid, and I hope we'll be able to have a frank conversation in the rest of the interviews.
Pang Xuelin: I hope so, too.
Mitchell James: Mr. Pang, we know that you invested in Yang Zhiyuan and Ferro's Yahoo two years ago, what kind of perception did you base on at that time? Did you think the Internet industry would usher in great development at that time?
Pang Xuelin: Indeed, if I didn't have this kind of understanding, I wouldn't have invested in Yahoo, in fact, in my opinion, the current stage of Internet development is still in its infancy, there are many immature places, and there are many things that need to be developed by us, I think that the vast majority of people may not realize what kind of changes the Internet will bring to our society. Whether from a political, economic, social or business level.
James Mitchell: So what do you think about Yahoo going public? How many dollars do you think Yahoo's market cap can reach?
Pang Xuelin: Yahoo's listing is a shot in the arm for the entire Internet industry, before Yahoo, many people were wondering how the Internet industry should make a profit, and now Yahoo has given a benchmark business template, that is, to integrate traffic and advertising monetization, and to provide netizens with as many portable Internet services as possible.
As for how many dollars Yahoo's market value can reach, I can't give an estimate for the time being, but I think that as the first Internet company to go public in history, Yahoo should be a company with a market value of 100 billion US dollars!
James Mitchell: Hundreds of billions of dollars?
Pang Xuelin: Yes, in fact, in my opinion, it is not uncommon for technology companies to have a market value of trillions of dollars in the future.
James Mitchell: Mr. Pang really loves to laugh. By the way, Mr. Pang, as far as I know, before Yahoo went public, you divested Yahoo's website navigation, search, and communication businesses, and if all of these businesses were listed at the same time, I believe Yahoo would definitely get a higher valuation, why did you make the decision to divest these businesses? Do you think that the future development potential of search and communication business is stronger than that of portals?
Pang Xuelin: With this in mind, according to my plan, in the future, Yahoo, QQ, Google, Hao123, etc. will become part of Transwarp, and there is still a lot of growth potential in the Internet search and communication business market, and I don't think it is a good time for these businesses to go public now, so I made the decision to spin it off from Yahoo.
James Mitchell: Mr. Pang, in addition, as far as I know, you are also the largest individual shareholder of Cisco, in addition, Transwarp, the world's largest film and television disc manufacturer, Huawei Technology, China's largest private communications company, and HiSilicon Semiconductor, China's largest chip design company, are all your industries, in a sense, your company represents the pinnacle of China's commercial high-tech companies, what kind of expectations do you have for the future after investing in so many companies? Also, how do you see the future of high-tech cooperation between China and the United States?
Pang Xuelin: Actually, we are the poorest high-tech company in the world, poorer than any company in the world, but our investment is better than any other company in the world, what is the reason?
We are for the ideal, for the future, so we invest a lot in scientific research and are among the top 10 in the world.
Our scientific research is not only limited to engineering technology innovation, but also leads the world in engineering technology; Now we pay more attention to theoretical innovation, and make a large-scale strategic layout in mathematics, physics, chemistry, 3G/4G/5G in ten or twenty years...... layout, in the next ten or twenty years, our competitiveness will be stronger.
We hope to strengthen cooperation with the United States for a win-win world.
I believe that with the continuous development of China's economy, there will be more opportunities for cooperation between China and the United States in the field of high-tech, and it is a loss for American companies to exclude Chinese companies from cooperation with the United States. Overall, I personally hope that there will be more win-win cooperation between the two countries.
James Mitchell: We all know that you didn't have a happy childhood, did you learn anything from your childhood? I mean, what kind of impact has your family had on your life?
Pang Xuelin: I don't think my childhood was unhappy, although my parents died early, but my three uncles and three aunts still tried their best to support me to grow up, maybe in terms of material conditions we did not live well, but in terms of spiritual life, I think my childhood was more colorful than most people.
Most of my energy is focused on studying, mathematics, physics, chemistry, literature, for me, business is just a business tool to achieve my life ideals.
James Mitchell: Oh, isn't your ambition in life to make your own business better?
Pang Xuelin: No, as I said, the reason why I am in business is entirely for my ideal service.
In the mid-20th century, when Armstrong made his first footprints on the moon, almost everyone believed that humans would be on Mars within 10 to 20 years. Now, more than 30 years later, let alone Mars, no one has ever visited the moon again, for a simple reason: it was a loss-making deal.
Since the end of the Cold War, the economic norms have been dominating the world day by day, and humanity has made great achievements under this norms: now, we have eliminated war and poverty, restored the ecology, and the earth is becoming a paradise. This makes us more convinced of the correctness of the economic norm, which has become supreme and permeates every cell of our lives, and human society has become 100% economic society, and what input is greater than output will never be done again. The development of the moon makes no economic sense, the large-scale manned exploration of the planets is an economic crime, as for the interstellar voyage, it is a real psychopath, and now, humanity only knows the inputs, the outputs, and enjoys these outputs!
For me, I hope that one day, the money I earn will make a more meaningful contribution to our human civilization.
For example, investing in scientific research to explore the boundaries of our cognition.
For example, devoting ourselves to space to explore our natural boundaries.
Perhaps the natural adventurous gene in me, for me, human science and technology should serve the future development of mankind, and should not become a tool for countries to tilt between countries......
……
The interview was very long, and Ma Yun watched it for nearly half an hour before putting down Fortune magazine.
This interview had no less impact on him than the introduction in the first half.
Many Chinese people's perception of Pang Xuelin is still stuck in the identity of a genius boy, the inventor of the CVD DVD player, and the boss of Transwarp Technology Company.
But he never expected that Pang Xuelin had been silent for two years, and he had done so many things unconsciously.
Huawei company Ma Yun has heard that in China's communications industry is a legendary existence, from the invention of C&C08 program-controlled switch three years ago, Huawei has embarked on the fast lane, from program-controlled switch, to network switch, and then to mobile digital communication base station, this company is simply a mudslide in the field of China's communications industry, all foreign brands are impacted, and even now there is a faint counterattack on the castration of foreign markets.
HiSilicon Semiconductor, this company Ma Yun is not familiar with, but judging from the title of China's largest chip design company mentioned in the interview, it is obviously not simple.
As for Cisco, it goes without saying.
Ma Yun has been in the United States for more than a month, and the name Cisco is often mentioned on TV.
It's one of the fastest-growing companies in the U.S. over the past decade, and the potential isn't in the way below Microsoft's.
Ma Yun never expected that Pang Xuelin would still be the largest individual shareholder of Cisco.
For this alone, Pang Xuelin is indeed qualified to compete with Bill Gates.
At this time, Bill on the side was curious: "Ma, this person seems to be Chinese, do you know him?" ”
Ma Yun smiled slightly and said, "Of course I know!" This is our Chinese Bill Gates! ”
……
In fact, when Fortune magazine's interview with Pang Xuelin was released, it quickly caused a sensation in the United States.
Many Americans did not expect that Cisco, Yahoo, one is a network communication equipment company, the other is an Internet company, these two can be said to represent the highest level of the United States in the Internet field, there is a shadow of Chinese behind them.
Moreover, this Chinese is still so young!
The media began to report on Pang Xuelin's life experience one after another.
Media outlets, including the New York Times, The Washington Post, The Wall Street Journal, CNN and other media, all gave Pang Xuelin a very high evaluation.
The American media has a natural affinity for capital, especially in the era when the Internet is underdeveloped, and under the appropriate coin scattering policy, a capital tycoon like Pang Xuelin can quickly establish a good image among the people of the United States.
There are even many Americans who regard Pang Xuelin as the Chinese version of Bill Gates.
The tide of public opinion in the United States soon caused a sensation in China on the other side of the ocean.
Many Chinese have a sense of daydreaming after seeing relevant news.
After all, in this era, the magical Ganges River water in India, the summer camp in Japan, the domineering little passport in the United States, and the sewer of conscience in Germany are all commonly instilled in the mouthpieces of the literati to the Chinese people's perception of foreign countries, and many Chinese people have a serious sense of unconfidence in the face of foreigners.
Therefore, when people learned that Pang Xuelin controlled the largest Internet company in the United States and had also become the largest private shareholder with a market value of more than $100 billion, almost everyone felt like they were dreaming.
When will the Chinese be able to make such a powerful enterprise?
As for companies such as Huawei and HiSilicon, they were automatically ignored in media reports.
Of course, except for a very small amount of lemon essence, the vast majority of Chinese people have a sense of honor.
After all, Pang Xuelin makes foreigners' money, and it is a tall Internet industry, which makes people feel excited when they think about it.
Even in this storm of public opinion, almost all Chinese people have been popularized about the future of the Internet industry, and there are also countless young generations who are grinding their fists and trying to enter the Internet industry and replicate Pang Xuelin's success.
Pang Xuelin naturally ignored the disturbances from the outside world.
On March 10, 1996, Yahoo was finally officially launched in the eyes of countless people.
Yahoo went public this time, and a total of 30 million outstanding shares were spun out, accounting for 30 percent of Yahoo's total shares.
The IPO price is $50 per share, which is equivalent to a valuation of $5 billion.
But no one expected that ten minutes after Pang Xuelin rang the bell, Yahoo's stock soared at an unprecedented rate.
An hour later, the stock broke through $70.
Three hours later, the $100 was breached.
When trading stopped six hours later, the stock had topped $180.
Even Pang Xuelin was a little surprised.
Although the development level of Yahoo under his command has far exceeded that of Yahoo in history, its market value has also exceeded 20 times the market value of Yahoo on the first day of listing in history, which still far exceeds Pang Xuelin's expectations.
If this rate continues to rise, Yahoo's market value in the future may be far higher than the highest market value of Yahoo in history, much higher.