104th Capital Games

June 19 is a Saturday and June 20 is a weekend, which is a weekend holiday.

The closure of the stock market does not affect the media speculation, and relevant reports revealing Wei Dongsheng's fortune trajectory have been released one after another. Due to the public relations in place, "Xinhe Daily" and other media did not hold on to the black history such as plug-ins and private clothes, and the main space was used to describe how Wei Dongsheng started his business, as well as summarize Wei Dongsheng's image in the eyes of classmates, teachers, and parents. During this period, Wei Manman realized his wish with the assistance of his classmates and was interviewed by several groups of reporters in the name of Wei Dongsheng. Perhaps because of her beautiful and sweet appearance, Wei Manman's beautiful image appeared on local TV stations in Hedong Province, and his photos were even reprinted by the media.

For the sake of the topic, the media and public opinion pursued Wei Dongsheng to make a fortune at the age of 15; The capital market is skeptical of this, and does not believe in the continued stamina of 15-year-olds.

The Hong Kong stock market opened on June 21, and Tencent's share price continued to decline slightly on that day, closing at HK$4.18. The valuation of Wei Dongsheng's 9% stake fell to 670 million yuan on June 21, after falling from 697 million yuan on June 16 to 673 million yuan on June 18.

That is to say, Wei Dongsheng's net worth evaporated by another 3 million yuan.

In fact, the main factor in the decline of Tencent's stock price does not depend on Wei Dongsheng's age. In Tencent's prospectus, it has been stated that Wei Dongsheng's voting rights are negligible and cannot affect Tencent's actual operations through equity. Wei Dongsheng's shareholding in Tencent is a pure financial investment on the surface, more like a large shareholder. The capital market doubted Wei Dongsheng's ability, but it also understood that Wei Dongsheng would not bring real losses to Tencent.

Tencent's stock price continues to fall, mainly due to its own reasons, and its profit prospects are not optimistic about shareholders.

After the media public opinion likes the new and hates the old, and after hyping up the topic of Wei Dongsheng's sudden wealth, he began to focus on Tencent's stock price and Wei Dongsheng's net worth evaporation: "On June 16, Tencent was listed, and by June 21, Wei Dongsheng's assets had evaporated by 37 million yuan in just a few days. According to the analysis, Tencent's profits are mainly concentrated in mobile value-added ......"

On June 22, Tencent's share price continued to fluctuate and fell slightly, closing at HK$4.16.

On the same day, the June 2004 issue of the Global Supercomputer Top_500 was released, and four supercomputers in China were among the top 100. Among them, Nankai_Stars was purchased from IBM by Nankai University, and there are only three truly domestic supercomputers. Lenovo's Shenteng 6800 (DeepComp_6800) ranked 27th with 4.193 trillion Linpack calculations per second, Sugon's Dawning 4000A (Daning_4000A) ranked 11th with 8.061 trillion Linpack calculations per second, and Zhiyu's Cambrian 2004A (Cambrian_2004A) ranked fifth with 11.6 trillion Linpack calculations.

Cambrian 2004A ranked fifth in the world.

Looking up, the first place is still the Earth-Simulator developed by NEC, with a Linpack calculation value of 35.86 trillion times, the second place is the new entrant, Thunder developed by Digital California (California_Digital_Corporation), with a Linpack calculation value of 19.94 trillion times, and the third place is the ASCL_Q developed by Hewlett-Packard. Linpack has 13.88 trillion calculations, and the fourth place is BlueGene/L, a blue gene developed by IBM, with 11.68 trillion calculations. The calculated value of the Linpack of BuleGene/L is only a little more than that of Cambrian 2004A, but the peak value is significantly inferior to that of Cambrian 2004A, which proves that the performance of Cambrian 2004A is not weaker than that of BuleGene/L.

What's even more striking is the total number of processors, with Earth-Simulator having 5,120 processors; The total number of processors in Thunder is 4096; Both the ASCL_Q and BuleGene/L have a total of 8,192 processors, while the Cambrian 2004A has only 274 CPUs and 242 GPUs. The total number of processors in Cambrian 2004A is 496, which is less than one-eighth of Thunder's, but its performance is 58.17% of Thunder's.

The difference between Cambrian 2004A and other supercomputers is so obvious.

In fact, before the supercomputer Top_500 was announced, the relevant news media learned that Zhiyu had successfully developed an 11.6 trillion heterogeneous supercomputer. It's just that the news is so incredible that the media in 2004 found it hard to believe that Cambrian 2004A sprinted to the fifth place in the world, and it was even harder to believe that Zhiyu was more powerful than HP, IBM and other companies, and even some suspected that the so-called heterogeneous supercomputer might be a scientific research fraud. Therefore, with the endorsement of the credibility of the supercomputer Top_500, the relevant media seem to believe it or not, and report the achievements of Cambrian 2004A.

Under the scepticism, public opinion has paid very limited attention to Cambrian 2004A.

At the same time, the Cambrian 2004 project is being reviewed by various departments, and the media is reluctant to risk revealing the composition of the Cambrian 2004A R&D team. In short, the news of Cambrian 2004A and the news of billionaire Wei Dongsheng are like two parallel lines with no intertwined points.

On June 23, Chunteng Games officially launched the casual music and dance game "Dance Forest Meng Master", which exceeded 100,000 online at the same time. As a casual music and dance game, this is actually very good. At present, the casual game "Bubble Hall", which has the highest market share, only exceeded 10,000 people online at the same time after three days of public beta that year; After more than two months of accumulation, the number of simultaneous online users successfully exceeded 100,000. With the help of QQ's traffic import, "Dancing Forest Meng Master" completed the two-month journey of "Bubble Hall" in one day, and it can't be said to be bad in any case.

However, casual games are casual games after all.

Compared with the monthly sales of 159.32 million yuan in May of "Spring and Autumn of the Ten Kingdoms", and compared with the 200,000 simultaneous online records on the first day of the public beta of "Spring and Autumn of the Ten Kingdoms", the results of "The Master of the Dancing Forest" are so inconspicuous; The conversion rate of 100,000 simultaneous online users is also low compared to the 200 million QQ users advertised by Tencent. Reminiscent of Tencent's hit the rocks in the "Triumph" project, the capital market has looked down on the benefits brought to Tencent by "Dancing Forest", and Tencent's stock price continued to fall.

On June 23, Tencent's share price closed at HK$3.93, shockingly breaking through the HK$4 defense.

At the end of June, NetEase announced that NetEase Bubble had integrated a module for network and traditional telephone intercommunication, and users could communicate with their mobile phones through the Internet as long as the policy allowed; On July 1, Microsoft said it would accelerate MSN's development in the Chinese market. These two pieces of news are very bad news for Tencent. Shareholders are optimistic about the prospects of QQ's competition with NetEase Bubble and MSN, and suspect that the "Dancing Forest Cute Master" project has suffered a setback, and Tencent's stock price will soon usher in a new round of diving.

On July 1, Tencent's share price closed at HK$3.69. Tencent's listing price was set at the maximum limit of the IPO price of HK$3.7, and the stock price broke through HK$3.7 to HK$3.69, which means that all shareholders who bought Tencent shares have lost their capital. It is human nature to chase up and down, and some shareholders who decide to stop losses resolutely sell their stocks.

On July 2, Tencent's share price fell to HK$3.43.

July 3 and July 4 are weekend breaks.

On July 5, Tencent's share price continued to slide, closing at HK$3.28.

The stock price has fallen to such an extent that Tencent's founding team should be gloomy.

However, the truth is diametrically opposite, and Tencent's core employees have been smiling confidently since July 3.

Why?

The answer is "The Master of the Dancing Forest", the answer is the operating data of "The Master of the Dancing Forest", and the answer is the sales of "The Master of the Dancing Forest".

Since its launch on June 23, the number of active players has steadily increased, and as of July 3, it has exceeded the 200,000 mark of simultaneous online. If "Dancing Forest Cute Master" is a time-paid game, such operational data has ensured that Chunteng Games can quickly become a second-tier online game operator. Although "Dancing Forest" is not a timed pay-to-play game, and although it is impossible to predict the future of "Dancing Forest" in a short period of time, Tencent has been pleasantly surprised by the total sales of the eight-day period from June 23 to June 30.

1.2 million yuan.

This is the answer sheet handed over by "The Dancing Forest Master".

In just eight days, "Dancing Forest Meng Master" brought 1.2 million yuan in revenue.

What's more, the daily sales of "Dancing Forest Cute Master" have been climbing at a steady rate, and the average daily sales in July will only exceed the average daily sales of these eight days. Based on the operating data on June 30, the minimum lower limit of the total monthly sales in July is 6 million yuan.

The monthly sales volume is 6 million yuan, and such data is not outstanding.

The VAM agreement between Wei Dongsheng and Tencent stipulates that if one of the three games achieves monthly sales of more than 6 million yuan in eight months, Spring and Autumn Company must pay 250 million yuan to compensate the equity transferor, and if it achieves monthly sales of more than 18 million yuan in six months, it can take 9.6% of Tencent's equity at a reserve price of 50 million yuan. The monthly sales of 6 million yuan have not yet been able to complete Wei Dongsheng's VAM agreement.

However, based on reality, Tencent dare not expect "Dancing Forest Cute Master" to rush to the same height as the series of games or "Spring and Autumn of the Ten Kingdoms". If Tencent is confident, it will not sign a VAM agreement with Wei Dongsheng for the transfer of 9.6% of the equity for 50 million yuan.

After all, "Dancing Forest Cute Master" is just a casual game.

"Bubble Hall", the leader in the field of casual games, has a monthly revenue of about 15 million yuan. If "Dancing Forest Meng" can achieve a monthly revenue of 6 million yuan in July, the prospect must be very, very optimistic. Chunteng Games and Tencent released the operating data for June and the expected revenue for July, depicting a wonderful prospect to the capital market: the existing growth rate continues to develop, and "Dancing Forest Leader" has a great probability of becoming the "Spring and Autumn of the Ten Kingdoms" in the field of leisurely games.

In 2004, it was still the era of online games.

Whoever wins in the online game market must also be a winner in the capital market.

When "Dancing Forest Cute Master" indirectly showed that Tencent had made up for the lack of the online game sector, Tencent's stock price immediately bucked the trend, closing at a high of HK$4.79 on July 6, an increase of 46%.

On July 7, Tencent's share price closed at HK$4.84.

On July 8, Tencent's share price closed at HK$4.90.

On July 9, Tencent's share price closed at HK$5.0, hitting a high of HK$5 for the first time.

At HK$5, Tencent's market capitalization has skyrocketed to HK$8.4 billion, or about 8.9 billion yuan, which is very close to Wei Dongsheng's valuation of 10 billion yuan a few months ago.

Wei Dongsheng's 9% stake jumped in value.

Tencent's stock price continued to fall some time ago, and the media that continued to pay attention to Wei Dongsheng were calculating how many assets Wei Dongsheng evaporated every day, regretting the sudden rise and fall of Wei Dongsheng, a young rich man. What do you think, Chunteng Games has just released its results, and Tencent's stock price has immediately bottomed out, and Wei Dongsheng's previous 679 million assets have not evaporated, but have rapidly increased to a new height.

Tencent's 9% stake is valued at RMB526 million at HK$3.28 on July 5 and RMB800 million at HK$5 on July 9.

8-5.26 = 274 million.

The 1.2 million revenue of "The Dancing Forest Master" drove Wei Dongsheng's net worth to increase by 274 million.

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