Reinventing the Millennium.

Chapter 1049 Dragon Snake (4K)

Mr. Chenxing Yang's presumptuousness and Wei Boyun's situation are just a small episode for Fang Zhuo.

He once had great hopes for Morningstar, and today, Morningstar still maintains its office in the Silicon Valley R&D center. However, with Morningstar’s repeated tape-out failures, this hope has turned into a calm understanding of reality. .

Morningstar's technical accumulation is indeed a bit weak, and its failure to overtake at this critical corner means that the window left for it is getting smaller and smaller.

Yike can't wait for Morningstar, and the same is true for other mobile phone companies targeting entry-level models, so that's the only way to go.

Fang Zhuo believes that Morningstar’s struggles and volatility will continue for a period of time. The product share will be impacted, and competitors are making efforts. Even though the TV market is still growing, it is really difficult for Morningstar to find a suitable direction to break through. Correspondingly, the stock price may not nice.

However, this fact or prediction still needs time for Morningstar's top management to accept.

Fang Zhuo had a good impression of Wei Boyun, but he hoped he could realize and accept this sooner.

The appearance of Morning Star this time did not interfere with Yi Ke's relationship with Gothe.

When the reality and the long-term are close to the same, when the management and shareholders jointly promote, the whole thing will be finalized with everyone's drinking and talking.

Gaode is valued at US$8 million, and Yike invested US$1.2 million, accounting for 15% of the shares, becoming the largest institutional shareholder.

The two parties will work together to promote the development of AutoNavi in ​​the domestic market and the mobile Internet era.

This news was not concealed, and soon attracted the attention of competitors, and after superimposing another news, it also caused some discussions on Yike's plan.

On June 6, Fang Zhuo attended Sogou's press conference in Beijing.

Rumors that have been circulating since the Lin’an Internet Symposium have finally come to fruition this time, that Sogou will be spun off from Sohu to operate independently, and Yike will take a stake in Sogou for strategic cooperation, which will challenge Baidu’s search market.

To be more accurate, Sogou is valued at US$1.5 million, Sohu and Zhang Chaoyang personally hold 68% of the shares, Yike invested US$2400 million to account for 16% of the shares, and Sina used business packages plus US$600 million in cash to account for 16% of the shares.

In addition, Sogou has seven board seats, Yike and Sina have two, Sohu has four, and Sogou has one. Zhang Chaoyang is the chairman, Fang Zhuo is the co-chairman, and Wang Xiaochuan is the director and CEO of Sogou.

From the perspective of power structure, Sohu still has a firm control over Sogou, and according to the agreement, Sohu has the right to change the size and composition of the board of directors after 2 years, and will be able to appoint most of the directors, leaving only one seat for Yike.

The press release filled the atmosphere from the very beginning.

All the journalists who participated in the meeting seemed to have received a signal. Is this really going to challenge Baidu?

The former "Three Musketeers of the Portal" Sohu and Sina cooperated, and the powerful Yike joined in. Will the domestic Internet search market change?
The reporters at the scene were very enthusiastic and sought answers in the questioning session.

Fang Zhuo smiled the whole time. He actually gave a concentrated answer after seeing many reporters throwing questions at himself.

"Today's protagonist is our Sogou, Wang Xiaochuan."

Today is the day of Sogou’s independent operation. CEO Wang Xiaochuan sat in the middle in a row. On the left is Zhang Chaoyang of Sohu, and on the right is Fang Zhuo, the former richest man in the world, practitioner of financial art, double head of Yike and Sina, and Chinese business leader.

"Just now a friend asked about how much Yike invested, the shareholding ratio, and the company's dominance... Look at our seat, and you should know that Sogou is a brand new company, and Wang Xiaochuan is its helm. .”

"From my point of view, Sogou was born not to challenge anyone, but to better serve the domestic market. Competition is indeed unavoidable in this process. To put it bluntly, competition with Baidu is unavoidable, but our original intention Or serve users better.”

"Wang Xiaochuan is excellent. I believe everyone will realize this more clearly in the future."

"I really like Sogou's rare way of successfully incubating internal company projects in China. Sogou and Sohu are like fish and water. Sogou, which was born out of Sohu, will become better and better."

"The investment of Yike and Sina actually doesn't care about the amount of investment and the amount of shares. Sogou itself has enough funds, otherwise it will not raise funds until now. You don't need to pay attention to this point. This is a strategic one. cooperate."

"I am very optimistic about the development of Sogou. Mr. Zhang may be more sensible than me. Therefore, he and I agreed to see the development of Sogou in two years, and everyone will be optimistic at that time."

Fang Zhuo put down the microphone with a smile, and suddenly heard a voice below, and added: "This two-year period is not a bet, and we don't set revenue and profit targets for Sogou. burden."

He turned off the microphone, indicating that he only had so many scenes today.

The reporter at the scene was not very reconciled, but seeing that Mr. Fang stopped answering and could only point at other people, Wang Xiaochuan became the focus and asked him to evaluate this financing action.

This time, Wang Xiaochuan... was actually not... quite right.

One is that Mr. Fang has a strong personality and has always acted in an unpredictable manner. Many cases have proved this point. He is not the kind of person who can be restricted by equity, because other equity is also in the hands of others. People may change. Or be pushed to change.

The second is that Sogou's strategy has changed from what it expected, from a three-stage rocket to a mobile priority.

According to Wang Xiaochuan's idea, the three-stage rocket will be transferred after it has achieved results, which will naturally bring more users, but... this is the common will of Sohu and Yike after communication.

Even though he was reluctant in his heart, Wang Xiaochuan knew how to respond to questions at the press conference at this moment.

"I have always admired Mr. Fang. Mr. Fang has a unique insight and can see the essence and potential opportunities behind things. This time, I can get the support of Mr. Fang and Yi Ke, both for me and Sogou. It is a great encouragement.”

Wang Xiaochuan was delighted.

Zhang Chaoyang opened the microphone, and said happily: "This time we are a strong alliance, just like Mr. Fang said, we must really serve the vast number of users well."

The development of the times has brought extremely rare and in-depth cooperation to the fiercely competitive portals in the past. Including Sina Portal, Blog, and Weibo, the search in the future will be provided by Sogou, which was impossible in the past.

Zhang Chaoyang has been working hard since lending out the "Happy Account". He felt the sincerity from Mr. Fang, and after full research and thinking, he recognized the development of mobile devices, and believed that Sogou really has a lot to do.

Yike's YMS ecology needs to have search, which is no problem. Sogou can also use YMS to speed up its development.

This is the win-win situation of strong alliance.

The happy Zhang Chaoyang, the serious Wang Xiaochuan, and the smiling Fang Zhuo basically constitute the on-site photos of the Sogou report.

After the press conference, Fang Zhuo was still not let off by the reporters.

These days, it's so easy to meet Mr. Fang's public appearances, so he needs to squeeze out more information no matter what.

Fang Zhuo listened to miscellaneous questions, and many of them were still the follow-up effects of Yike’s financial war, including the evaluation of some foreign media, the reaction of Internet platforms such as Twitter, and Yike’s prosecution by hedge funds.

"Oops, I haven't checked Twitter recently, you guys are still watching."

"It's like this, friends, a person, if everyone says he is good, then this person is quite scary."

"Now, some people say I'm good, and some people say I'm not good. Isn't that normal? Let's go back to the individual, can you please everyone? It's the same reason."

"As for the hedge fund's lawsuit, Yike has legal affairs, so don't worry about it."

"Let me just say this for the last time. Yike is a mobile phone company. Its biggest purpose is to provide consumers with easy-to-use mobile phones. It was only a defensive plan before. Unfortunately, it took effect."

"Relevant comments on Yike and myself, whether it is praise or slander, whether it is "Washington Journal", "New York Times", whether it is a cover report, or an online compilation, it will pass."

"In my heart, this is already a thing of the past, and we all focus on the company's follow-up development."

Fang Zhuo made a kind statement.

I let go, why are you still entangled?
I started looking for Sogou, AutoNavi, and Chenxing. Why do you still remember the king of retail investors?

Fang Zhuo continued to answer a few questions. In addition to the situation abroad, everyone was also very interested in Yi Ke's actions, and asked about the intense situation that was looming this year.

Just today, Taobao announced its 618 record. The transaction volume successfully exceeded 100 billion, and it was raised to 123.6 billion, which is still a 45% increase compared to last year.

Along with this figure, some people say that the financial crisis not only did not affect the development of e-commerce platforms such as Taobao, but instead encouraged consumers to pay more attention to choices with price advantages.

Fang Zhuo knew what everyone wanted to hear from him, but he just vaguely passed it cheerfully.

This press conference was his last event in the capital.

Zhang Chaoyang reluctantly sent Mr. Fang to the car in person, and asked a question before parting.

"Mr. Fang, I think the new building you built in Shencheng by Yike is not bad. Tell me, should the money in my account be used to build the building or to invest in mobile projects?"

"Mr. Zhang, you have a lot of money in your account." Fang Zhuo laughed.

This time, Zhang Chaoyang personally invested in Sogou with US$1500 million, accounting for 10% of the shares.

Hearing Mr. Fang's words, Zhang Chaoyang said with some complacency: "Changyou performed well when it went public. It's not as good as you, the former richest man, and you still have a lot of money left untouched."

Changyou is a company spun off from Sohu's game business. It is also the first Huaxia company to be listed on Nasdaq this year. Its market value now exceeds US$10 billion and it is the leading game company in China.

Looking at Zhang Chaoyang's expression, Fang Zhuo couldn't make up his mind for a while.

The real estate market will definitely continue to be very good, but there are also many opportunities for mobile projects.

The question is, can Zhang Chaoyang cast well?

He thought about it and said, "I have a private placement here, why don't you try investing in it?"

Zhang Chaoyang laughed loudly: "Your fund is too fierce, I'm afraid of overturning, forget it, I'll think about it again."

Out of normal risk perception, the MIGA fund is quite unique.

"You...you write down the phone number of Kong Yu, the person in charge of my MIGA fund. If you have any questions, you can ask him." Fang Zhuo kept his friendship and left a phone number. This old Zhang seems to have a different meaning now.

It's just that it doesn't cost much to eat, drink and play, and it's not a small number once the project is invested.

After thinking about this, he lowered the car window again, gestured for the phone to Zhang Chaoyang outside the car, and said: "Remember to call Boss Kong, he is good at this, and it is always good to communicate more."

Zhang Chaoyang waved his hand and sent Brother Fang away.

Changyou went public this year, and Sogou became independent. He is also full of ambitions to lead Sohu to a big fight.

Let's start with Sohu Video's counterattack against Youku and Tudou.

Burn the video, clear the door, return to the C position, and reappear the light.

……

"Boss Fang, are you back?"

"Well, Shencheng still has something to do. This month's Taobao has put a lot of pressure on everyone."

When the convoy arrived at the airport, Fang Zhuo received a call from Xiong Xiaoge.

Xiong Xiaoge asked again on the phone: "Where's your private jet? Didn't you take it this time?"

"President Yu has been inspecting the cultivation of the domestic mobile phone industry chain since returning to China, and also inspected the situation of Android mobile phone companies such as Meizu and Hanwang. It is more convenient for her to use a private jet." Fang Zhuo said, "I don't care about it. This trip is just to have a drink and talk, it doesn’t matter if it’s earlier or later.”

"President Yu is so dragged down by you that he can't go abroad. It's really hard work." Xiong Xiaoge sighed, "How about Chenxing?"

"That's it." Fang Zhuo said lightly.

Xiong Xiaoge understands that the company is not as good as a dog.

He reminded: "Mr. Fang, IDG also has shares in Morningstar."

Mr. Fang, don't accidentally hurt a good person.

"Well, I know what's going on, I'm going to die." Fang Zhuo felt that the old bear didn't seem to have anything serious.

Xiong Xiaoge listened to the impatience on the phone, and knew that it was someone who was too angry...

He hurriedly asked: "Boss Fang, I looked at this pp software, why did I click into Wang Fengyi's account, he also has something similar to QQ space, with texts."

This is Xiong Xiaoge's latest discovery. Moreover, after he rejoined Mr. Fang, he also saw Mr. Fang's praise for him.

——Wang Fengyi: At the Shanghai Investor Summit today, everyone said that I was the number one investor in China, but I said I was not. Who in the end leaked the wind?

Fang Zhuo thought for a while, and replied: "Oh, this software is on a small-scale trial, and his permission is also a grayscale test. It's just for fun. If you want it, I will add it for you later."

Xiong Xiaoge said "hmm": "Just by the way, I'm thinking about the user group and future direction of this software. Hey, you came to the capital. I didn't feel it before. This time I really feel that the dragon and the snake are on the ground."

Taobao has been riding the dust, YMS has successively finalized AutoNavi and Sogou, domestic brands such as Hanwang and Meizu are aggressively selling goods, online video sites are playing banners one after another, Penguin focuses on the performance of QQ on mobile terminals, and Mr. Fang is trapped in the domestic heart. ...

While Xiong Xiaoge was drinking, he also heard President Fang's impressions and brief comments on Wang Xiaochuan, Lei Jun, Jia Yueting, Cheng Congwu and others.

Talking about the mobile Internet, it seems that the mobile Internet has not fully arrived, but a group of people have already taken advantage of the trend.

When Fang Zhuo heard what Old Xiong said, the different people he met during this period flashed in his mind, and he said with a smile: "It's good, it's interesting to have competition. Yike needs to do a solid foundation first. Well, I am I like everyone’s initiative.”

Xiong Xiaoge put down his mobile phone with the PP grayscale test that he had applied for successfully on his own initiative. Heaven and man co-published, and Wanhua set the foundation. Mr. Fang said that other people's subjective initiative, but his subjective initiative is the strongest he has ever seen.

(End of this chapter)