Rebirth of the Wild Age

(The more I thought about it, the more it was wrong, I quickly turned to the front and found that one time I was wrong. Correct, Lao Song now only has more than 6 million Lenovo shares in his hand. At that time, it was estimated that he pressed an extra zero. The plot can’t be written. , And I have to modify the front, it's embarrassing... Let's take it over in one stroke.)

Lenovo's stock price has skyrocketed this year. In addition to the positive factors we mentioned in the previous chapter, it is also because of the rapid development of Lenovo Digital (originally Digital China).

Lenovo Digital is a subsidiary that was established in January this year, with an authorized share capital of 100,000 Hong Kong dollars, divided into 1 million shares, with a par value of 0.1 Hong Kong dollars per share. Lenovo Group transferred all its agency business to its subsidiaries, and also allowed the subsidiaries to invest in e-commerce. Through private placement and public offerings, the valuation of the subsidiaries inflated to more than 3 billion Hong Kong dollars (Lenovo holds 50% of the shares). It has increased by 30,000 times within a month-mainly from the investment of Lenovo Group and other institutions.

The valuation of the subsidiary may be fictitious, but in the process of the public offering, it has actually raised nearly HK$700 million in funds.

Perhaps it is to collect money, or to rectify the business, Lenovo has revealed several times that it will spin off its subsidiaries for listing. Every time there is news, Lenovo's stock price will fall by a wave, so it immediately clarified, and after the clarification, it will usher in a big rise again.

The main reason is that the momentum of Lenovo Group and Lenovo Digital is too strong. As a subsidiary of Lenovo, Lenovo Digital, although it has not yet been listed, has been significantly oversubscribed every time it is publicly offered. The newly issued shares are not enough to sell. Some time ago, Goldman Sachs even specially helped to issue more than 13 million new shares to take care of those investors who wanted to buy but couldn't buy it.

The share price of its subsidiary Lenovo Digital's internal directional allotment is only HK$0.1, but the market price of the public offering has been raised to close to HK$4.

If it is not for Lenovo’s major shareholder (Chinese Academy of Sciences) to have a policy that requires Lenovo Group to hold more than 50% of the shares in the subsidiary, Lenovo may also issue new shares in the subsidiary and raise several hundred million in minutes.

These are the reasons why Lenovo's stock price has soared to 70 yuan, all of which are good news!

We need money and money, we need the market to have a market, we need performance and performance, we need fame and reputation, we need policy support and policy support, and we also need to keep up with the booming Hong Kong stock market environment. In the autumn of 2000, Lenovo was absolutely in the limelight. The well-deserved leader of China's technology industry.

Song Weiyang's more than 6 million shares of Lenovo smashed out, only a ripple, because the daily trading volume of Lenovo's stock was too large. Lenovo's share price of 70.46 Hong Kong dollars was pulled to 68.17 Hong Kong dollars by Song Weiyang's massive selling orders, but it quickly rose back to 69 Hong Kong dollars.

However, it also worked. Lenovo's stock price could not break through 70 Hong Kong dollars again, and some financial institutions that held shares also began to sell slightly. Everyone can see that Lenovo’s stock price is too demon, and those financial institutions will sell a lot of goods sooner or later, and it is estimated that it will continue to fall in one or two months.

Even if Song Weiyang does not appear, Lenovo's stock price will fall to more than 10 yuan this year due to the sluggish technology stocks. Until next year, Lenovo will split its subsidiary to go public. The day the news was announced, it fell to 11 yuan. A few days later, it plummeted to 5.85 Hong Kong dollars. Since then, it has been floating around 5.5 Hong Kong dollars.

And its subsidiary Lenovo Digital did not collect any money. The stock price was more than 4 yuan on the day of listing, and it fell directly to less than 2 yuan a few months later.

The only benefit is to rectify the business. Lenovo Group specializes in the production and sales of electronic products, while Lenovo Digital is the agent of foreign brands and e-commerce.

No matter what, Song Weiyang sold more than 6 million shares of Lenovo this time and cashed out 430 million Hong Kong dollars. These pocket money can be used to continue to inject capital into Alibaba, Sohu, Tencent and NetEase, and even to invest in Amazon, whose stock price has fallen to single digits next year. At this time, Amazon’s stock price has changed from three digits to two. Number of digits.

By the way, the box office proceeds of the "Chinese Hero" that Song Weiyang invested in has already been credited to his account. Since the box office of Hong Kong City and the box office of other cities are settled together, the settlement only started in August this year. Song Weiyang originally invested 15 million yuan, but now it has become 18 million yuan. Although only 20% of the profit, this large investment can recover the cost. Very good.

Song Weiyang now has a lot of free money, and he just waits for another wave of the Internet bubble next year, and it will explode even more tragically than this year.

...

Some time ago, didn't Song Weiyang decide to invite Han Han and some celebrities to settle in, in order to expand Sogou's blog influence?

After discussing with Ding Ming in detail, the blog development plan was shelved and continued to be thrown there, letting Sogou blog develop naturally and slowly. Because it's the winter of the Internet, this thing can't bring much profit, and it doesn't help Sogou's long-term development.

In the previous Xihu Lunjian, Ma Xiaoyun and others were talking about martial arts novels, but they were right about one thing. In the winter of the Internet, any tricky tricks are useless. The major Internet companies fall off the cliff like knights. The most important thing is to take the opportunity to practice internal skills. Who can practice the internal strength well, when they come out of the arena again, they can kill the Quartet.

The content that Sogou Search is going to practice now is-Web Encyclopedia!

Now there is no Wikipedia, let alone Baidu Baike. Once Sogou Baike is made, its importance is second only to Tencent’s QQ.

In early October, the capital.

Song Weiyang was invited to record CCTV programs and attended Sogou's press conference by the way.

More than 20 media gathered together, but the reporters were not very energetic, joking and chatting in twos and threes, just waiting to take the money and leave after the press conference was over.

The Internet is dead. This is the slogan that the media chanted some time ago. No matter how hard it is, it is impossible to have any shocking news, and readers' attention to online reports has also dropped greatly.

It's been more than half a year, and there are Internet companies established every day. The reporters are comfortable with the horse and horse expenses, and they can write articles to save the newspaper's cents when they go back. These news are often placed on important pages, but now they don't receive much attention from the editor-in-chief.

There is a doctor named Lu, who specializes in the Internet. His book "77 Innovative Models of the Internet Economy" is known as the Chinese Internet Entrepreneurship Bible. This spring, entrepreneurs all have a copy, and they all go to consult Dr. Lu with books, asking whether their business plans are feasible. As long as Dr. Lu nodded, he could immediately go back to register, and then hold a press conference to invite Dr. Lu, and get financing easily.

Throughout the spring, that Dr. Lu lived in a hotel in Zhongguancun, because they all held press conferences there, and sometimes he had to attend two or three times a day.

As for now, Dr. Lu hasn't received an invitation for a long time, and he is back to the Academy of Social Sciences for academic research. Many years later, Dr. Lu was hired as a central bank consultant to participate in the formulation of the "Internet Banking Security Risk Guidelines", and then drafted a national strategy report on cyberspace, which was set as a national policy after the approval of the major leaders.

If there was no Internet bubble in 2000, it is possible that Dr. Lu would become a businessman. After all, watching others make a fortune according to his instructions, sooner or later, they will be tempted. If you can't help it, you will start a business. Where is there time to do academic research at ease?

A reporter looked at the big digital screen on the stage and asked his colleagues next to him: "Network Encyclopedia Project, do you know what it is?"

"I don't know," the reporter laughed, "whatever you do, you can't make any money anyway. I want to learn about encyclopedias, so I can just buy the "Encyclopedia of China". Do I have to pay to check the online encyclopedia?"

Another reporter said: "Sogou search company seems to be still making money, and its advertising revenue is very high. It has not been able to support it without large financing. It can't be replaced by other companies. Look at the current three major portals, you can’t get the wind. Tou died early and poor."

"No matter how high the advertising revenue is, Sogou will at most balance its income and expenditures. How can so many companies advertise online."

"Now more and more companies are starting to make company web pages. Sogou may be able to make a lot of money in two or three years."

"The ghost knows."

"Hey, Song Weiyang is here too!"

"..."

Song Weiyang went straight to the side and sat down, leaving the home court to Ding Ming.

Ding Ming made a thankful opening remark and quickly turned to the topic: "The Internet is a world, a virtual world outside the real world. It will shorten the distance between people and between countries. And Sogou search engine , Was born for this reason. You can quickly find your target in the online world by entering keywords and clicking with one click. In reality, you need to understand a certain aspect of knowledge. The first choice for ordinary people is to find an encyclopedia. But the encyclopedia is too expensive. Take the "Encyclopedia of China" as an example. There are 10 copies in the complete set, each of which is very thick, adding up to more than 100 million words. Even if you buy a pirated copy, you will have to spend hundreds of dollars. It’s very inconvenient to carry. You can’t bring a full set of encyclopedias to work, right? Now that the benefits are here, Sogou has recruited 50 employees during the summer vacation this year, specifically for the implementation of the'Network Encyclopedia' plan!"

It's kind of interesting.

The reporters finally got some interest. They are literary workers and are more sensitive to the stuff of encyclopedias.

Ding Ming pointed to Song Weiyang: "Ask the typist Mr. Song to demonstrate."

In the chuckles of the reporters, Song Weiyang entered the keyword "Confucius", and the first search result of Sogou's search was Confucius's encyclopedia.

With the mouse slowly pulling down, the reporters saw the content through the large digital screen, including the introduction, life, achievements, evaluations of Confucius, etc. The content was very comprehensive and detailed.

Ding Ming smiled and said: "As of yesterday, Sogou Encyclopedia has included 12,000 entries. Our plan is to include 500,000 entries within this year!"

Thanks to the country and the government for not only convening more than 20,000 experts and scholars to compile the "Encyclopedia of China" in 15 years, but also making it into a CD-ROM e-book last year. The staff of the Sogou Encyclopedia project team can simply copy and paste the "Encyclopedia of China" directly on the Internet.

Ding Ming continued: "Sogou Encyclopedia not only contains the content of traditional encyclopedias, but also more popular and fashionable things. Typist Mr. Song, please demonstrate."

Song Weiyang entered the keyword "frog" casually. The reporters quickly discovered that this entry had different options, one of which was called "Internet terms": frog originally refers to an amphibian, and it is usually used on the Internet for some bad-looking animals. Boys are called frogs by girls.

Ding Ming smiled and said: "Many buzzwords and popular words are not found in the encyclopedia. If you want to know, then just use Sogou to search the encyclopedia, and you can easily get the content you want."

The reporters finally got excited. They belonged to the group of people who needed to check information most. Sometimes, because of the very simple knowledge points that are separated from each other like a mountain, it is time-consuming and laborious, and it may also delay the publication of the manuscript. If Sogou's web encyclopedia project can be successful, then how convenient it will be to write articles in the future, just use a computer to search it. Even for the content in the encyclopedia, it is more convenient to use a computer~www.wuxiamtl.com~ You don’t need to look up the index slowly, after all, there are more than 100 million words.

Ding Ming said: "Sogou has launched a general account. As long as you register an account, you can use all Sogou products. For example, Sogou blog. If the click rate of a blog reaches a certain value, we will reward this user with points. Similarly, we also We call on many netizens to write web encyclopedia entries together. As long as you find that you can’t find the entry, you can write it yourself. As long as you pass the review, we will reward you with a certain amount of points. These points are all useful. As for what it is useful for, we will tell it later."

This is even more reliable. Now the number of Chinese netizens is close to 20 million. Even if only one in a thousand participates in editing entries, Sogou Encyclopedia can be quickly enriched.

There were several reporters at the scene, and tried to search for entries after returning home. Once you find something missing, immediately edit it yourself, and then earn Sogou points very happily. I feel a sense of excitement about participating in major online projects.

If there is any news worth paying attention to in this winter of the Internet, it is Sogou's "Internet Encyclopedia" project.

Once it was reported, it immediately caused a sensation, and many netizens joined in spontaneously.

After many years, people who are familiar with the Internet regard the Internet Encyclopedia as commonplace, but it is difficult to imagine the shock when it first appeared.

The foreign Wikipedia was mentioned by Time magazine in 2006, and it is listed alongside YouTube, Facebook and MySpace, which shows the great influence of Internet Wikipedia.

But now, Wikipedia has not yet appeared, Sogoupedia was thrown out by Song Weiyang ahead of time, the only thing in the world.

If it is replaced by a year ago, only one "Sogou Encyclopedia" would be worth 50 million US dollars of investment. I don't know how many investors are rushing to throw money.