167th Political Contribution

Tencent's performance in the third quarter of 2006 was not good. It was rumored that there was a conflict with Tencent in the spring and autumn because of the four-dimensional space, which caused the market value of Tencent to drop sharply to 4.15 billion US dollars recently. Looking around Huaguo’s listed Internet companies, Chunqiu Network ranked first with a market value of US$7.8 billion, Chunqiu Search ranked second with a market value of US$5.1 billion, and Tencent ranked third with a market value of US$4.15 billion. Chunqiu's two subsidiaries monopolized the top two, and Tencent, which ranked third, was again held by Chunqiu by 35%.

Taking into account that Tencent is held by Spring and Autumn at 35%, even if it maintains its top ranking this summer, it will not weaken Spring and Autumn's influence.

The influence of Spring and Autumn is evident 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 the optimization of the market structure to divide the stock market into three levels: Nasdaq Global Select Market, Nasdaq Global Market, and Nasdaq Capital Market. In July 2006, the Nasdaq Global Selected Markets List was launched, and 10 companies including Chunqiu Network, Netease, Sina, Sohu, Shanda, and Ctrip were selected.

Spring and Autumn Search has been questioned.

The Internet is a cruel market for winners. With Google, other search engine companies will be coldly treated by the capital market. If Baidu comes to Nasdaq, under the current situation and in the shadow of Google, it will definitely lose the "Nasdaq Global Select Market"; Chunqiu has also encountered similar problems, and Google is valued at more than 100 billion US dollars. Search is only valued at billions of dollars. Nasdaq considered Chunqiu Search to be the first to launch an image search engine, considering Chunqiu's absolute dominance in the Chinese Internet market, and was reluctant to include Chunqiu Search in the Nasdaq Global Select Market.

After Chunqiu Search was listed on the market, it immediately announced two strategic layouts.

One is the video website.

On October 9, 2006, Google acquired the YouTube website for US$1.65 billion, expanding the business scope of the search engine. Chunqiu Search didn't have $1.65 billion. Even if it did, Wei Dongsheng would be more willing to invest in the industries under Zhiyu and Zhuwei.

Wei Dongsheng knows the importance of video sites and that video sites are an indispensable part of the development process of search engines. However, he understands that video sites are a bottomless pit for burning money, and it is difficult to see profitability in a few years. In other words, Wei Dongsheng doesn’t care about money when he doesn’t care about money. Seeds downloaded to Chunqiu Security Manager and Chunqiu Security Browser are all free software that does not pursue profit; when Wei Dongsheng cares about money, he cares about money very much. For example, a money-burning bottomless business like a video website. Four consecutive vetoes in internal meetings.

Wei Dongsheng extracts the profits from online games and other businesses to develop search engines, supercomputers, chip design, operating systems, and supporting application software. Wei Dongsheng is always very stingy with minor strategic investments like video sites.

Perhaps some people will suggest that Wei Dongsheng acquires early or partly acquires YouTube for arbitrage.

Wei Dongsheng immediately rejected it.

The reason is simple. Content services such as Youtube, Facebook and Twitter are most likely to attract taboos at the national gaming level. Suppose that Wei Dongsheng acquired Youtube and encountered a user deliberately uploading anti-Chinese and insulting video content such as the old monk of the Usi Tibetans and the tank on the streets. What should I do? If you turn a blind eye, Youtube will definitely be boycotted by the Chinese people, and companies such as Chunqiu, Zhiyu, Zhuwei, Quantum Rose, etc. will also be scolded by others, and the loss is far greater than the gain; if it is blocked and deleted, Youtube will be rejected by Europe, America, Japan and South Korea. When netizens in the country resist, it will lead to security investigations by US government agencies suspecting that Wei Dongsheng is a spy of the Labor Party.

What the Chinese people are angry about 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 coverage, he will be "spurned" by netizens in Europe, America, Japan and South Korea because of his political correctness. When competitors of other competing video sites use politically correct means to draw users away, Youtube will surely slowly become a niche video site friendly to China. In this case, rushing to buy Youtube is meaningless.

The more you understand politics, the more you understand that this is an unsolvable problem: China and the United States sometimes can only choose one of them.

Wei Dongsheng has decided to take root in China and decisively abandon the development of content business platforms in the United States for the first time.

Although Youtube is good, it is not part of Spring and Autumn Search.

Chunqiu Search can only develop domestic video sites for the time being.

In the Internet age, the speed of model follow-up is calculated on a daily basis. On April 23, 2005, Youtube uploaded the first video; at the same time, Huaguo's video site also kicked off. In April 2005, the 56 network was launched in Guangyang City, and Tudou was launched in Yanjing City... In June 2006, Kuliu and Youku were established one after another.

At that time, Chunqiu Search internally suggested Wei Dongsheng to follow up the investment, but Wei Dongsheng was unwilling to burn money for video sites. From 2005 to 2006, he rejected it four times. It was not until Chunqiu Search successfully went public to raise hundreds of millions of dollars and was able to make itself through capital operation, that Wei Dongsheng approved Chunqiu Search to develop its video website business.

In short, Wei Dongsheng refuses to burn the video website himself. If he wants to burn, he will burn the funds obtained from financing.

The above is the first strategic layout.

The second strategic layout of Chunqiu 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 was unswervingly developing the Chinese market. Unfortunately, Google has harvested very few fruits. In China’s search engine market, Chunqiu Search is currently firmly at the top of the list with a ratio of 75%; Baidu has maintained a 10% market share by relying on pirated and infringing MP3 music and online novels, ranking second; Google can only use “Domestic Spring and Autumn,” Foreign countries use Google and illegally find Baidu" impression to hold 8% market share.

In the Chinese mainland market, Chunqiu Search's market share is ten times that of Google. There is no reason to be afraid of it.

However, this is not enough.

The best defense is offense.

Taking advantage of Google's lagging behind in image search technology, Wei Dongsheng decisively announced that Chunqiu Search has entered the US market and established a Chunqiu Search R&D center in the United States like Google established a R&D center in China. I used the analogy of a library to introduce the limitations of search engine market competition. Google firmly occupies the time advantage and the online and offline resource support advantages of the US market. It is difficult for Spring Search to defeat Google in the US market. Wei Dongsheng also did not expect Spring and Autumn to be able to beat Google in its R&D center in the United States. It would be a success to contain Google in actual operations.

Chunqiu Search went to the United States to go public to Chunqiu's R&D center in the United States. It was a superficial statement that Google counterattacked the American market. Wei Dongsheng's real purpose was to build the second cave of the Three Caves of the Rabbit.

Chinese companies going abroad habitually set up R&D centers around the world. In addition to their inherent technical support functions, these R&D centers can also escape China’s foreign exchange supervision. The flow of foreign exchange is very unfree. For example, if you want to return to the domestic acquisition of video sites, you need to accept the country's foreign exchange regulatory review on the way. In some cases, you must settle and sell all the funds to the designated foreign exchange bank at the bank's licensed exchange rate. If this fund is 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.

Avoiding American supervision in China and avoiding Chinese supervision in the United States is a routine commonly used by multinational groups.

Wei Dongsheng has already decided to lengthen the battle line, and he must follow the evasive routines of his predecessors and raise development funds for Shuoguang Group in secret. Because the purpose is not so open and honest, the equity structure of the international division is naturally more complicated, the better. Therefore, Wei Dongsheng mashed the subsidiary of Chunqiu's R&D Center in the United States into a joint venture between China and the United States. Chunqiu Search holds one-third of the shares, and the US branch of Shuoguang Group holds one-third of the shares, and its registered office is in California, the United States. The leather bag company Pacific Win-Win Group holds the remaining one-third of the shares.

Just as in the past years, through Jing Minqiang weaving a network of interests in Yanjing, China, Wei Dongsheng came to the United States to establish a network. He also used Clinton, who was on the side of West Lake last year, to weave a network of interests in the United States. Clinton has faded out of politics, but his wife Hillary is active in the New York Senate, and Wei Dongsheng is regarded as a key node.

Wei Dongsheng returned with 30 years of memory and clearly understands that Hillary Clinton is ambitious and will continue to participate in the 2008 presidential election and 2016 presidential election in the future. Of course, the result was very sad. In 2008, the Democratic Party lost to Omaba in the primary election, and in 2016, he was slapped and stunned by Teplan.

However, this is exactly what Wei Dongsheng wanted.

The more Clinton failed, the more valuable.

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

Hua Guo is Wei Dongsheng's basic board, and the more stable the interest relationship, the better; the US market is a buffer, and the interest network is built to a certain extent. If the favorability score is too high, it will be counterproductive.

In this case, Hillary, 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 failure, you may be able to establish a relationship with the interest groups behind her. After losing the 2008 election campaign, Clinton can continue to run for 2016, and Clinton’s political resources are worth hundreds of millions of dollars for Wei Dongsheng to lose his favor.

Hillary Clinton defeated in 2016, what will happen afterwards?

Wei Dongsheng didn't care.

What Wei Dongsheng wants is buffer time.

Wei Dongsheng will definitely have saved enough capital by 2016. By then, abandoning her will be like abandoning her shoes. What hesitation can there be?

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