167th Political Contribution

Tencent's performance in the third quarter of 2006 was not good, and it was rumored that the Spring and Autumn Period had conflicts with Tencent because of the four-dimensional space, resulting in Tencent's market value recently plummeting to $4.15 billion. Looking around Huaguo's listed Internet companies, Spring Network ranked first with a market value of $7.8 billion, Spring Search ranked second with a market value of $5.1 billion, and Tencent ranked third with a market value of $4.15 billion. Two subsidiaries of Spring and Autumn monopolized the top two, and Tencent, which ranked third, was 35% owned by Spring and Autumn.

Considering that Tencent is 35% owned by Chunqiu, even if it maintains its momentum to rank first this summer, it will not diminish Chunqiu's influence.

The influence of the Spring and Autumn Period can be seen from this.

The influence of Spring and Autumn in China has been fed back to the United States and has also been valued by international capital.

In February 2006, NASDAQ announced that it would optimize the market structure and divide the stock market into three levels: NASDAQ Global Select Market, NASDAQ Global Market, and NASDAQ Capital Market. In July 2006, the list of NASDAQ global selected markets was released, and 10 companies including Spring and Autumn Network, NetEase, Sina, Sohu, Shanda, and Ctrip were selected.

The Spring and Autumn search was questioned.

The Internet is a brutal market where winners take it all, and with Google, the rest of the search engine companies have been given a cold shoulder by the capital market. If Baidu comes to NASDAQ, in the current situation, in the shadow of Google, it will definitely fail to be selected as the "Nasdaq Global Select Market"; Spring and Autumn also encountered a similar problem, Google is valued at more than 100 billion dollars, while Spring and Autumn Search is only valued at several billion dollars. Considering that Spring and Autumn Search was the first to launch an image search engine, and considering the absolute dominance of Spring and Autumn in China's Internet market, it was difficult for Spring and Autumn Search to be included in the Nasdaq Global Select Market.

After the Spring and Autumn Search was listed, two strategic layouts were immediately announced.

One is the video site.

On October 9, 2006, Google acquired Youtube for $1.65 billion, expanding the search engine business. Spring and Autumn Search does not have $1.65 billion, and even if it does, Wei Dongsheng prefers to invest in Zhiyu and Zhuwei's industries.

Wei Dongsheng knows the importance of video websites, and also knows that video websites are an indispensable part of the development process of search engines, but he also understands that video websites are bottomless pits for burning money, and it is difficult to see any hope of profitability in a few years. In other words, Wei Dongsheng doesn't care about money very much when he doesn't care about money, and the torrent download to Spring and Autumn Security Butler and Spring and Autumn Security Browser are all free software that does not pursue profits; Wei Dongsheng cares about money when he cares about money, such as the bottomless pit business of burning money such as video websites, which has been vetoed four times in a row at internal meetings.

The profits of online games and other businesses were extracted by Wei Dongsheng to develop search engines, supercomputers, chip design, operating systems and supporting application software. For a minor strategic investment like a video website, Wei Dongsheng is always used to being very stingy.

Perhaps, someone will suggest that Wei Dongsheng make an early acquisition or partial acquisition of Youtube arbitrage.

Wei Dongsheng vetoed it as soon as possible.

The reason is very simple, content businesses such as Youtube, Facebook, and Titter are the most likely to attract taboos at the national game level. Suppose Wei Dongsheng acquires Youtube, what should he do if a user deliberately uploads anti-China and insulting video content such as the old monk Wusizang and the tank on the street? If you turn a blind eye, Youtube will definitely be boycotted by the Chinese people, and companies such as Chunqiu, Zhiyu, Zhuwei, and Quantum Rose will also be scolded, and what they lose is far greater than what they gain; If it is blocked and deleted, Youtube will be boycotted by netizens in Europe, the United States, Japan, South Korea and other countries, and it will also attract a security investigation by US government agencies suspecting that Wei Dongsheng is a spy of the Workers' Party.

The anger of the Chinese people is regarded as politically correct by European and American public opinion.

Even if Wei Dongsheng tries his best to keep Youtube's objective and neutral reporting, he will be "spurned" by European, American, Japanese and South Korean netizens because of political correctness. When other competing video site competitors use politically correct means to pull away users, Youtube will surely slowly decline into a niche video site that is friendly to China. In that case, there is no point in snapping up Youtube.

The more I understand politics, the more I understand that this is an unsolvable problem: China and the United States, sometimes they can only choose one or the other.

Wei Dongsheng has decided to take root in China and decisively gave up the development of content business platforms in the United States as soon as possible.

Youtube is good, but it doesn't belong to Spring and Autumn Search.

Spring and Autumn Search can only develop domestic video websites for the time being.

In the Internet era, the speed of pattern follow-up is measured in days. On April 23, 2005, the first video was uploaded to Youtube; At the same time, Huaguo's video website also overcame obstacles. In April 2005, 56.com was put into operation in Guangyang City, and Tudou.com was launched in Yanjing City...... In June 2006, Kuliu and Youku were established one after another.

At that time, Spring and Autumn Search also suggested that Wei Dongsheng follow up the investment, but Wei Dongsheng was unwilling to burn money for the video website, and vetoed it four times in a row from 2005 to 2006. It wasn't until Spring and Autumn Search was successfully listed and raised hundreds of millions of dollars that it was able to self-hematopoiesis through capital operation, and Wei Dongsheng approved Spring and Autumn Search to develop its video website business.

In short, Wei Dongsheng is unwilling to burn the video website himself, and if he wants to burn it, he will also burn the funds obtained from financing.

The above is the first strategic layout.

The second strategic layout of the Spring and Autumn Search is to counterattack the international market represented by the United States to a limited extent.

From the announcement of the establishment of the Huaguo R&D Center on July 19, 2005 to the announcement of Google's global Chinese name as Google in April 2006, Google has unswervingly developed the Chinese market. Unfortunately, Google has reaped very few fruits. In Huaguo's search engine market, Spring and Autumn Search currently firmly occupies the top spot with a proportion of 75%; Baidu maintained a 10% market share with pirated and infringing MP3 music and online struggles, ranking second; Google can only maintain 8% of the market share with the impression of "using Spring and Autumn at home, using Google abroad, and illegally looking for Baidu".

In China's domestic market, Spring Search's market share is ten times that of Google, and there's no reason to be afraid of it.

That's not enough, though.

The best defense is offense.

Taking advantage of Google's backwardness in image search technology, Wei Dongsheng decisively announced that Spring and Autumn Search would enter the American market, and set up a Spring and Autumn Search R&D center in the United States just like Google set up a research and development center in China. I have previously used the library metaphor to introduce the limitations of competition in the search engine market, Google firmly occupies the time advantage and the online and offline resource support advantage in the US market, and it is difficult for Spring and Autumn Search to beat Google in the US market. Wei Dongsheng did not expect the Spring and Autumn R&D Center in the United States to defeat Google, and it was a success to be able to contain Google in actual operation.

Spring and Autumn Search went public in the United States to Spring and Autumn R&D center in the United States, and it was superficial to fight back against Google's counterattack on the American market, but Wei Dongsheng's real purpose was actually to build the second hole of the three holes of the cunning rabbit.

Enterprises that go abroad are accustomed to setting up R&D centers around the world, and these R&D centers can evade China's foreign exchange supervision in addition to their inherent technical support role. The flow of foreign exchange is very unfree. For example, if you want to return to China to acquire video websites, you need to accept the country's foreign exchange regulatory review on the way, and sometimes you must sell all the funds to designated foreign exchange banks at the bank's licensed exchange rate. If the funds are transferred to the Spring and Autumn R&D center in the United States, it will avoid the supervision of the Chinese government and freely invest in other businesses.

Evading U.S. regulation in China and evading U.S. regulation in the U.S. is a common tactic used by multinational groups.

Wei Dongsheng has decided to lengthen the front, and he will definitely follow the evasion routines of his predecessors and raise development funds for Shuoguang Group openly and secretly. Because the purpose is not very clear, the more complex the shareholding structure of the international branch, the better. As a result, Wei Dongsheng turned the subsidiary of Chunqiu's R&D center in the United States into a joint venture between China and the United States, with Chunqiu Search holding one-third of the shares, the U.S. branch of Shuoguang Group holding one-third of the shares, and the Pacific Win-Win Group, a leather bag company registered in California, holding the remaining one-third.

Just as Jing Minqiang weaved a network of interests in Yanjing, China in the past years, Wei Dongsheng came to the United States to make a layout, and also used Clinton, who was at the intersection of the sword at West Lake last year, as a breakthrough point to weave a network of interests in the United States. Clinton has faded out of politics, but his wife Hillary Clinton is active in the New York Senate, so Wei Dongsheng is regarded as a key node.

Wei Dongsheng returned with 30 years of memories and clearly understood that Hillary Clinton was ambitious and would run in the 2008 and 2016 presidential elections in the future. Of course, the results were tragic, losing to Omaba in the 2008 Democratic primary, and in 2016 he was slapped by Teplan.

However, this is exactly the result that Wei Dongsheng wants.

The more Hillary fails, the more valuable she becomes.

If Wei Dongsheng wants to speculate in politics, if Wei Dongsheng really wants to develop in the United States, he will definitely take advantage of the time advantage to invest in the dark horse Obama in advance. Unfortunately, Wei Dongsheng's roots are in China, and the future development will be dominated by Chinese industries. Obama is a successful person, the light is too dazzling, and the closer you get to Omaba, the easier it is to provoke taboos. As a president, he must give priority to serving the interests of the country, and no matter how many resources Wei Dongsheng invests in him, he is destined to be crushed by the general trend, because the United States is, after all, the United States of the American chaebol. At the same time, Wei Dongsheng's private investment in Obama will also attract taboos from domestic political groups.

Huaguo is Wei Dongsheng's basic plate, and the more stable the interest relationship, the better; The U.S. market is a buffer bias, and it is good to build a network of interests to a certain extent, and it will be counterproductive if the favorability is too high.

In this case, Hillary Clinton as the loser happens to be a good pawn. Success is a collective success, and failure is an individual failure. If you can continue to support Hillary Clinton after her defeat, you may be able to establish a relationship of interest with the interest groups behind her. After losing the 2008 election, Hillary Clinton was able to continue to run in 2016, and Clinton's political resources were worth Wei Dongsheng throwing hundreds of millions of dollars to gain favorability.

Hillary Clinton's rout in 2016, what to do after that?

Wei Dongsheng didn't care.

What Wei Dongsheng wants is a buffer time.

Wei Dongsheng must have saved enough capital by 2016, and if he abandons her like abandoning her at that time, what can he hesitate about.