If it weren't for the Nasdaq bubble, both Sohu and NetEase would want to list on the Hong Kong stock market.

Due to the bursting of the NASDAQ bubble, investors in the US stock market are still apprehensive about Internet companies, and they cannot enjoy a good valuation when they go to NASDAQ to be listed.

After repeatedly communicating with the underwriters and realizing that going to NASDAQ was a choice with half the effort, Sohu and NetEase were listed on the Hong Kong stock market.

Xiangjiang is closer to China, and investors in Xiangjiang also have a better understanding of Huaguo's Internet companies, and are still willing to invest in the stocks of some Internet companies as the capital market recovers. From the experience of Ameriken Internet Company, Sohu and NetEase are both first-class enterprises.

As the venture capital institution behind Sohu and NetEase, Xinxing Investment participated in the listing of these two Internet companies in Hong Kong, and Wu Shiqiang participated in the listing bell as a representative. Sohu and NetEase naturally hoped that Zhou Xin would come to the Hong Kong Stock Exchange to participate in their bell ringing ceremony, and they privately joked that if Zhou Xin attended the bell ringing ceremony of the listing, the stock price would rise by at least 20%.

At the same time, Sohu and NetEase were fortunate to complete the listing in the middle of 2001, if it was later, after September, affected by the Ameriken emergency, the entire secondary market collapsed. Sina was a little later than them, planning to go public in October, but as a result, the entire capital market avalanche, Sina's listing plan could only be postponed.

As for Alibaba and Tencent, these two have high expectations, Tencent has achieved breakeven early and is not in a hurry to go public, and Alibaba is also not in a hurry, and their business model is not short of investment.

After talking to Zhou Xin, Zhou Xin asked Jackma to contact Pony directly to find an opportunity to enter Ameriken. Jack Ma did find an opportunity to help some small and medium-sized supermarket chains build an online mall for Ameriken. Huaguo will officially join the WTO on December 11, and Alibaba has already partnered with two supermarket chains to get goods from Huaguo on their shelves.

Jack Ma's sense of smell is sharp enough, even if there is no Taobao and no C2C business, Alibaba's focus on foreign trade and financial business is enough to become a giant.

For a long time after the Nasdaq bubble burst, there was almost only one player in the venture capital market in China. Wu Shiqiang has also changed from the image of only listening to and not investing in the hearts of investors to the only father of the financier, and he vaguely feels like the godfather of the Internet industry in China.

Wu Shiqiang enjoys this feeling, which is much more refreshing than being a lobby manager in the Los Angeles branch. Therefore, Wu Shiqiang knows very well who he wants to serve and who to please.

Every time Zhou Xin came back, Wu Shiqiang would personally saddle the horse and get service, after Zhou Xin and Director Zeng chatted, Wu Shiqiang had been waiting at the door for a long time.

The driver and Wu Shiqiang sat in the front row of the Mercedes-Benz, leaving the entire rear space to Zhou Xin.

"Okay, I probably know, Shiqiang, you have done a good job, we actually have our own methodology for investing in Internet companies, and the follow-up is to continuously optimize this set of methodology around the actual situation."

"In addition, there is no need to be too obsessed with investing in UnionPay, an enterprise of this nature determines that it is impossible to accept external investment, and it is not a good thing for this kind of enterprise to supervise the capital exchange of state-owned enterprises.

When you are in Yanjing, walk around more and help me find out when Huaguo will open electronic payment and when private enterprises will be allowed to apply for electronic payment licenses. ”

Wu Shiqiang observed through the mirror in the front row that Zhou Xin did not close his eyes after getting into the car, so he saw the report of the stitches.

There are not many opportunities for leaders to report their work in person, and Zhou Xin didn't say much after listening to it, because he is very clear about every investment in Xinxing Investment, and the early companies he invested in are also well-known enterprises, and he is not worried that the investment will lose money.

Zhou Xin flew directly to Shenhai on the same day after chatting in Yanjing, and he wanted to take a look at the current situation of Xinxin Technology in Shenhai, and then talk to Hu Zhengming and Guan Jianying in person.

Zhou Xin recognized Hu Zhengming's strategic concept, which is to target the local market in China and produce chips that meet Chinese consumers.

Because after joining the WTO, the purchasing power of Chinese consumers will gradually increase, and in the decade from 2001 to 2010, whether it is computers or mobile phones, China is a huge market.

The most important reason why Neon's NEC entered Huaguo and was willing to cooperate with Huaguo enterprises to set up chip manufacturers was because they fancy the consumer market of 1.3 billion people in Huaguo.

"Newman, I've heard that now that your professor has been replaced by Oldham, Oldham won't be poached." Hu Zhengming teased.

Zhou Xin said: "I didn't plan to poach him, Oldham should be retired after taking me, I'd better let him enjoy his retirement, the strength of Xinxin Technology is too high." ”

Hu Zhengming asked: "You know that the intensity is high, and you dug me into this fire pit." ”

Zhou Xin said: "No, no, no, you have to be much younger, it happens to be the time of being in the prime of life, and it is the time to work hard at this age." ”

After some greetings, Zhou Xin got to the point: "Professor, I think your idea is right, but we shouldn't wait for Intel, and cooperation with Intel is something we can't control."

Is Intel willing to cooperate with us, is it willing to invest in Xinxin-Hua Hong integrated circuit manufacturing company, and is it willing to design a CPU for the Chinese market?

These are all unknowns, and we can't build Xinxin's strategic vision on the unknowns. Even if you have a good relationship with Intel, we can't build a strategy for the future like that.

This can be one of the things we want to do, but it can't be the only one.

I have another idea, and that is the phone chip.

Is it possible to design a mobile phone chip that integrates various types of audio, video decoding, signal processing, etc.

That is to say, mobile phone manufacturers use our phone chips, they only need to design the case, camera, screen and keyboard.

We will integrate all the chips for them, and we can also provide the system and development platform.

The most important thing for such a chip is the cost, and the cost needs to be controlled at a very low level. ”

What Zhou Xin said is what MediaTek will do in the future, and in 2004, MediaTek launched a program that was praised by industry insiders as a "turnkey" program.

Originally, in the era of feature phones, making mobile phones was a technical job. More than a dozen chips and components, such as mobile phone processors, communication basebands, multimedia decoding chips, and memory, are likely to come from different suppliers.

These different vendors have different standards for their development tools, and mobile phone manufacturers need to do a lot of engineering testing and debugging.

In addition, although it is a feature phone, the mobile phone in the first decade of the 21st century has functions such as taking pictures, music, calculators, and alarm clocks.

The system, software, and UI often need to be handled by the mobile phone manufacturer itself.

The two levels of hardware and software have raised the entry threshold of the mobile phone industry.

Until MediaTek's mobile phone chip changed this status quo, the integrated chip led to the fact that a company could make a mobile phone, and for a time the mobile phone industry was dancing wildly.

After 2004, a large number of mobile phone advertisements in Huaguo's TV shopping advertisements also benefited from MediaTek's solutions.

MediaTek's mobile phone integrated chip has completely changed the mobile phone industry in China in a very short period of time.

For a while, anyone who wants to make money from their mobile phones has risen up and turned into a Huaqiangbei technology giant, what watch mobile phones, four cards and four standby, high-end business mobile phones, only you can't think of it, and there is no copycat machine that can't do.

By 2006, MediaTek's total shipments of mobile phone chips exceeded 100 million, winning 40% of the share of Huaguo's mobile phone chip market, ranking first, and being honored as the father of copycat machines.

From 0 to 40%, becoming the industry leader in the domestic market, MediaTek relied on this solution in only two years.

Until the era of smart phones, even if they made it difficult to have one core and nine cores to watch the myth in the industry, Meizu was miserable, MediaTek was still an important player in the field of mobile phone chips.

What Zhou Xin proposed was to give him MediaTek's road in advance, which is what he thought of as a mobile phone that could be consumed in the Chinese market.

Moreover, this kind of copycat machine can rely on the low-price strategy to export a large number of markets in underdeveloped and developing countries.

After Zhou Xin finished speaking, Guan Jianying knew MediaTek very well, and he instantly thought of another chip, he said: "I don't think there is a problem with this idea."

Whether it is VCD or DVD, the previous chip requires a combination of some chips, and the cost remains high.

After MediaTek entered this market, it launched an integrated optical drive chip, which integrated the player system into a chip, and pulled the price of DVD from 2000 yuan to several hundred yuan.

MediaTek relied on this strategy to quickly seize the market. I don't think there's a problem with Newman's idea.

And it is not difficult to integrate chips, at most one year, we can do it in one year.

Experience in the design of A1 series chips is not even required for a year. ”

To put it bluntly, it is necessary to take the low-price strategy, and the production line of high-end chips in Huaguo cannot be manufactured, so it can only take the low-end strategy, run the chip production line first, and do a good job in cultivating talents and optimizing the manufacturing process.

Hu Zhengming said: "I think it's okay, but I walked around in China before, and I feel that mobile phones are still high-end goods, and the acceptance of mobile phones by ordinary consumers in China may not be as great as that of computers." ”

Zhou Xin said: "That's because the price of mobile phones is often four or five thousand, even domestic mobile phones cost more than two thousand, and this price is indeed a bit high."

If the price of mobile phones can reach below 1,000 yuan, then the demand for mobile phones among Chinese consumers will explode all of a sudden.

And my proposal to make an integrated mobile phone chip does not mean that we will not make computer chips, computer chips are still talking with Intel, but I just said that we can't pin all our hopes on this one thing. ”

Yesterday's was blocked and released this morning

Last night it was 5k.,This chapter is 3k.,It's kind of making up for the day I asked for leave!

(End of chapter)