Chapter 793 Positioning of the Two Social Platforms

  The next day.

  Hainet held a high-profile celebration banquet in Shangri-La Hotel. Related videos and reports began to circulate on a large scale, which aroused heated discussions on the Internet.

  Among them, the most discussed by netizens is undoubtedly the miracle of the surge in valuation of Hainei.com.

It has been less than a year since Xia Jingxing took over Hainei.com from Huang Xin. The number of registered users has grown rapidly from more than 300,000 to 80 million, and the valuation has increased by nearly a thousand times. The purchase price of US$2 million has become a B round of financing. The post-investment valuation is $1.5 billion.

  In China, there has never been an Internet company that has grown so rapidly, or if you are more confident, since removing the Internet and reopening it, there has never been a company that has grown so fast. This is a business miracle.

  Even Shanda, which relied on "Legend" to emerge in the past, is weaker than the current domestic network in terms of capital actions, fierce commercial competition, and social topics.

  Using the answer of a highly praised and highly commented netizen on the Tianya Forum, the summary is: Mr. "Legacy" is too lazy to respond to questions and discredited remarks on the Internet because he is an activist.

  The silent acquisition of Skyworth changed the pattern of the home appliance industry;

   clamored to block the conscience system of the Vision Department, encountered a class action lawsuit by stockholders, the stock price plummeted, and at the same time, it was facing investigations by multiple departments, which caused a lot of trouble;

  In his spare time, Xia Jingxing also launched a farm game, which quietly changed the pattern of China’s social network industry amidst the infamy of “junk games”.

  The real richest man is nothing more than this, with the strength to shake multiple industries.

  Even if he really encountered a personal financial crisis and became the "first loser", he would still be named the richest man with his ability, skill, and vision.

   However, there are still netizens who do not buy it, and attribute all the success to capital power.

  Someone cited the financing record of Hainei.com.

After Envision Capital became the owner, it first injected US$10 million, and then completed a US$100 million Series A financing with Facebook participation, a US$20 million Series A+ financing invested by DCM, and now Hanergy, Northern Lights, and Cyberspace. , Today's capital four joint investment of 150 million US dollars in Series B financing.

  Except for Ari, no domestic Internet company has completed such a huge financing before going public. The three major portals, Shanda, Baidu, and Penguin, all raised no more than US$100 million before going public.

  Four rounds of intensive financing a year set a new record for domestic Internet companies in financing.

  In the 1.5 billion US dollars valuation of Hainei.com, nearly 300 million US dollars came from equity financing. Some people have a sour evaluation: this is a product that has been matured by capital, and normal development can never be so fast.

  At the same time, some people questioned the existence of bubbles in the valuation of Hainei.com.

   Soon, someone responded to him with a Facebook valued at $25 billion.

   However, unconvinced netizens believe that Facebook also has a valuation bubble.

   Arguing and arguing, the discussion on the Internet has completely digressed.

  It can also be seen through this incident that no one questioned Xia Jingxing’s capital strength, ability, status as the richest man, etc. anymore.

  In the past, Facebook was far abroad, and domestic netizens had no intuitive feelings about the industry and industry influence of the newly richest man.

  Now I have a strong feeling!

  At least I know the first richest four listed home appliance companies, as well as Hainei.com, Kaixin Farm, and the conscience of domestic established IT companies, and they have won...

  Controversies over companies such as Envision Capital and Hainei.com have also shifted to valuation bubbles, profit models, and other aspects. No one makes jokes about the richest man anymore.

  In a sense, the recent series of actions gave Xia Jingxing a popular publicity, which truly established the prestige of the richest man.

  In the past, people always had a sense of scrutiny about the richest man who suddenly returned from overseas. This is because they did not rise locally, and most people lacked understanding.

  …………

  …………

  Xia Jingxing was sitting in the office, and had a video call with the babes.

   "Darren, congratulations, once again won a major commercial victory."

  The foreign **** the big screen with loose hair, wearing a **** silk pajamas, holding a cup of coffee in her hand, and the familiar Chinese-style study layout behind her.

  Considering the frequent video calls with Xia Jingxing and the time difference between China and the United States, the babes installed a video call system at home.

  "A major victory?"

  Xia Jingxing smiled and shook his head.

  "Are you worried about penguins?"

  Because of Xia Jingxing, Yang Niu is also familiar with Chinese Internet companies.

   "Well, instant messaging software is very sticky, and it is always a big enemy to the domestic network."

  The foreign girl was surprised at first, and then nodded, “It’s strange. After ICQ was acquired by AOL, the development has been tepid. Instead, ICQ’s Chinese protégé, OICQ, has developed a new world.”

  Xia Jingxing smiled faintly, “Why don’t ICQ pay attention to the Chinese market? Moreover, the QQ team is not simple. They update and iterate very quickly, and the market has a keen sense of smell.

  Currently, QQ has launched more and more functions. Qzone and Friend.com, these two products, can be regarded as heavyweight competitors of Hainei.com.

  Look at it. If I didn’t expect it to be bad, they are only taking a temporary break and they will soon play new tricks. "

  Based on Xia Jingxing’s understanding of Xiao Ma and his understanding of penguins before 2010, the imitation should have been arranged at this time, and he can even determine the name. It will definitely be called "QQ Farm".

  The foreign girl frowned. She felt that the Chinese market is quite complicated, and the development may be much more difficult than Facebook.

  The rise of Facebook is fairly smooth. It is all about competing with competitors in the SNS industry. There is no strong competitor like Penguin in front of it.

   Say that Penguin is powerful, far inferior to Google and Yahoo.

  But Google and Yahoo have different main businesses. It is not easy to leap from the main business to SNS.

  While Penguin started as an instant messaging software, it is relatively easy to cross to SNS.

The results of   Youyou.com and Qzone have already explained everything.

  As the domestic network further expands, the contradiction with Penguin will become more and more irreconcilable, and each other will be a stumbling block on the other side's path.

   "Okay, let's not talk about this. This time, Envision Capital and Facebook are not participating in the B round of financing of Hainei.com, do you have any comments?"

  The foreign girl put down the cup, spread her hands, and said with a smile: "Of course I have no opinion, you can decide."

  If it was before, Yang Niu might have to argue. Now she knows that it is almost impossible to combine Facebook and Hainei.com.

  So, for Hainei.com, she just treats it as an ordinary financial investment. She will no longer be thinking about merging and acquiring Hainei.com and forming a social network empire that truly covers the world as before.

  Xia Jingxing lightly nodded his head, he now has the end of the limited period of competition with Facebook, and he does not need to take care of the feelings of Facebook shareholders anymore. Allowing Facebook to invest is all his affair.

  After the completion of the B round of financing, the four allies of Capital Today, Hanergy, Northern Lights, and Cyberspace will be absorbed as new shareholders of Hainei.com, each holding 2.5% of the shares.

   Facebook’s shareholding ratio was diluted to 15.71%, ranking the second largest shareholder. Apart from dispatching a director, it was unable to exert significant influence on Hainet.com.

  Vision Capital continued to firmly occupy the position of the largest shareholder and actual controller, holding 62.86% of the shares.

  DCM holds 2.7%, which is close to the holdings of the other four allies, which is convenient for balance.

  The option pool was diluted from the original 10% to 8.73%.

   "Can the game "Happy Farm" on Hainei.com be available on Facebook's open platform?"

  The foreign girl suddenly suggested that she was in the United States and heard that this game was popular throughout China.

  She smiled and said: “Some time ago, Facebook’s open platform was also officially launched, and Yelp and several start-up consumer Internet companies entered the platform.

  Now, we badly need a game like "Happy Farm" to help us promote the open platform. "

  Xia Jingxing immediately realized that this is a good opportunity to help the game department of Hainet.com to go overseas, and nodded hurriedly: “Of course it is possible. I will arrange for people to connect with Facebook immediately.”

  Xia Jingxing originally intended to leave this business to Zynga Xingjia founded by shareholder Mark Pincus.

  Now that the guy’s company hasn’t been seen yet, Xia Jingxing naturally can’t wait for him.

  As for why the babes don’t plan to develop their own games, Xia Jingxing doesn’t need to ask, knowing that she doesn’t like this kind of small business. At present, Facebook is aggressively developing its advertising business and striving to break through the $1 billion in revenue.

  This is the real cash cow.

The tasteless game of    is also worthy of the domestic network, which is lagging behind in the development stage.

  In addition, he doesn't plan to guide Facebook to make a big game. It only needs to be able to do a good job of advertising. The game should be left to Hainei.com.

   Facebook, as a shareholder of Hainei.com, can provide Hainei.com with some assistance in marketing and promotion in terms of games going overseas.

   So, Xia Jingxing took advantage of the trend and put forward the idea of ​​game cooperation, and the babes naturally agreed.

  The two exchanged on the positioning of the two major social platforms, and established the basic positioning of Facebook for advertising and Hainei.com for games.

  In the future, Hainei.com can extend the reach of the game to the world through Facebook’s user network.

  In addition to the normal charging of advertising fees, Facebook, as a shareholder, can also share the growth dividends of Hai intranet games.

  As for the social business, neither of them talked about it. For the time being, Hainei.com is based in the Chinese market, and Facebook is based in markets other than China.

  For the two companies, this plan is very complementary, does not produce internal friction, and well balances the interests of all parties.

  (End of this chapter)