Entertainment: Reba godfather, I was exposed by Mushroom House

Who is Zhang Yi?

Many people may not know it, or even hear it at all.

But in today’s multimedia era, there are many users of the two software, Douyin and Toutiao.

Both apps belong to the ByteDance Group, and the market value of ByteDance has also risen because of these two software.

There are many unicorn companies in the world, and these powerful unicorn companies, in the process of development, continue to innovate and develop, so that they can firmly sit in this position.

Today, the world’s largest unicorn is ByteDance.

In just two years, ByteDance’s revenue reached $58 billion, and that took only ten years.

And the valuation of this company is also more than 400 billion US dollars!

What is this concept?

For example, last year, Singapore’s GDP was $390 billion, which means that this Internet company called ByteDance is higher than a country’s annual economy!

If ByteDance is really listed, its market value is bound to rank in the top three of domestic Internet companies, and it may even surpass Penguin and Ali.

Such a company, in the eyes of the outside world, is absolutely super strong.

As the founder, Zhang Yiyi is very famous in the circle of the Internet.

But now.

But he appeared in the longing.

This is really unexpected.

“Mr. Zhang, hello.”

“Hello.”

Huang Xiaochu and the others shook hands with Zhang Yiyi one after another.

Zhang Yiyi didn’t have much to do, and greeted everyone with a smile.

I don’t know.

At this moment, the longing for the live broadcast room, the audience has already fried the pan.

“Groove!”

“What is the situation?”

“Oh my God!”

“What did Zhang Yiyi say just now, the major shareholder of ByteDance is Chu Sheng?”

“It’s really fake, it’s not a joke.”

“yes, is this Zhang?”

“I used to work at ByteDance, and this is definitely a one.”

“My mother, that Chu Sheng is also too powerful!”

“Godfather is mighty!”

“yes, godfather!”

“………………”

The barrage is directly fried, and the news is like a snowflake, and it is not clear at all if you don’t look carefully.

No way.

It’s really unimaginable.

It turns out that the short video app that everyone uses every day is a product of Chu Sheng’s company, which is also shocking.

The director’s side was also surprised.

No one expected that.

Chu Sheng turned out to be the founder and major shareholder of ByteDance.

“This Teacher Chu is really powerful.” 513

Wang Zhengyu and Zhang Hangxi came up with this idea in unison.

………………

This side of the wooden house.

After some pleasantries, Zhang Yiyi was asked to sit down on a chair in the courtyard.

Looking at the surrounding environment, he smiled and said to Chu Sheng: “Mr. Chu, your place is really good, I will build one nearby.” ”

“Why, you’re going to rest?”

Chu Sheng said angrily: “Don’t be a neighbor with me, I don’t want to be a staff officer for you all day.” ”

“Hahahaha!”

Zhang Yiyi immediately laughed.

Everyone was a little strange, and Huang Xiaochef asked curiously: “Mr. Zhang, Teacher Chu Sheng, is it really the founder of ByteDance Group?” Or a major shareholder? ”

“yes.”

Zhang Yiyi nodded: “If there was no Mr. Chu, ByteDance would not have been able to establish at all. ”

Talking.

He looked at Chu Sheng: “My first investment came from Mr. Chu.” ”

？？？？

？？？？

Everyone was a little surprised.

Then I listened to Zhang Yiyi tell his entrepreneurial story.

In 2012, in Qiu Jin’s home near Zhichun Road in Yanjing, Zhang Yiyi started his business with an investment of several million yuan and a team of 30 people.

In this year, the number of Chinese Internet users was 560 million, and the size of mobile Internet users was 420 million.

The proportion of Internet users using mobile phones rose to 74 percent from 69 percent at the end of last year, while the proportion of desktop and laptop users both fell, with the number of Internet users using desktop computers falling by 3 percent.

“At that time, the entire industry did not have confidence in mobile Internet advertising. I think the screen is too small for advertising. At that time, the form of advertising was banner, overall wall and the like, with low conversion efficiency and poor user experience. ”

Zhang Yiyi said to Huang Xiaochu and the others with a wry smile.

“So what to do?”

Teacher He and the others asked in surprise.

Although everyone knows that ByteDance is developing very well today, they are still curious about how the company developed and survived the difficulties.

“Cold mix.”

Zhang Yiyi smiled bitterly and said, “In the first year or so, the most I did was to call Mr. Chu and lick my face and ask for money. ”

Talking,

He looked at Chu Sheng: “Mr. Chu should have an impression.” ”

Everyone’s gaze naturally looked at Chu Sheng.

Chu Sheng nodded: “Almost, it seems that in the autumn of one or three years, that guy from Lidong finally found a piece of business from the Gome Electric North Taipingzhuang store.” ”

“Yes.”

Zhang Yiyi nodded.

subsequently

He introduced everyone: “Lidong is the person in charge of our current ByteDance Hua Guo Company. ”

Everyone reacted to this, and Chu Sheng was talking about Zhang Lidong.

“In fact, the development of ByteDance is still not easy.”

Chu Sheng said lightly at this time.

Everyone was stunned, and saw Chu Sheng slowly said: “The situation at that time was very complicated, and ByteDance wanted to win the market from Baidu, which can be said to be a fool’s dream. But fortunately, Jian. ”

He’s not bragging about ByteDance, it’s a fact.

In 2012, Baidu was the largest search engine with a market capitalization of US$35 billion, with a market share of more than 80%.

However, Baidu is not completely without opportunities, but in the end, due to several decision-making errors, it lost the possibility of competing with ByteDance in information distribution.

In 2014, the information flow product promoted by Baidu used to be Baidu News, which used personalized recommendations like today’s headlines, but paid more attention to content quality, adopted a targeted invitation system, strictly controlled the number of self-media and self-media, and was not completely algorithmic recommendation in the distribution mechanism, but added the recommendation of seed users.

“Baidu News performed mediocre, peaking at 800,000 single-day active users, then dropping to 200,000.”

At that time, Baidu insiders revealed to Interface News.

Followed by

At the end of 2015, Zhu Guang, head of Baidu News, was transferred to be in charge of financial business, and Baidu News was abandoned.

The following year, Baidu began recommending algorithms and introducing a large number of self-media accounts.

In September of that year, the daily activity of today’s headlines has exceeded 60 million.

After the confident success of graphics and text, in 2016, short videos were laid out in the form of byte-plus, and launched the Volcano Small Video, Watermelon Small Video, and TikTok Troika respectively, and once again successfully laid out the next outlet.

Compared to bytes, Baidu is always half a beat slower.

“In a year or five, someone mentioned doing short videos within Big Search, but because Baidu focused on the O2O business, no one paid attention. Because of insufficient internal attention, Baidu’s actions on information flow and short videos are much slower than ByteDance. ”

Chu Sheng looked at Huang Xiaochu and the others, and said to everyone with a smile.

Everyone suddenly realized.

No wonder at that time, I never saw any action from Baidu in terms of short videos, and they didn’t pay attention to this aspect of the business at that time for a long time.

“And what about later?”

Teacher He asked puzzled.

“Later?”

Chu Sheng smiled and then said: “Three years ago, Baidu returned its strategic focus to search and redid the content ecology with search as the core on mobile. Reorganized the literary game team, launched the literary game channel on Baidu App, strategically invested in NetEase Cloud Music in music, took video and live broadcast as a key business, and acquired YY Live while increasing the layout of good-looking videos. At the end of the day, it’s also for service search. ”

Speaking of this, Chu Sheng shook his head: “But to be honest, it’s already late. ”

“What do you mean?”

Peng Peng was a little surprised when he heard Chu Sheng’s words. (Read violent novels, just go to Feilu Fiction Network!) ）

Chu Sheng didn’t speak, Zhang Yiyi on the side smiled, and said proudly: “In 2020, the overseas version of Douyin’s daily live, that is, the number of users had reached 600 million, and today’s headline creators released nearly 700 million pieces of content of various genres that year, far surpassing Baidu in two different carriers. ”

She didn’t need to continue, but everyone understood what he meant.

Obviously.

Baidu’s advertising market has been further eroded by ByteDance.

The encroachment of the (BBBI) advertising market naturally means that the value of the company will change.

“Teacher Chu, then according to your statement, hasn’t ByteDance surpassed Baidu?”

Yixing listened for a long time, finally understood what Chu Sheng meant, and asked Chu Sheng in surprise.

Chu Sheng shook his head when he heard this: “This kind of thing is not so absolute, after missing the mobile Internet, Baidu is running to a different orbit than bytes, betting on artificial intelligence and the next smart terminal.” ”

“What about ByteDance?”

Huang Xiaochu asked puzzled.

Zhang Yiyi on the side said with a smile: “Our strategy of ByteDance is to continue to tap user value on the basis of traffic. ”

He was telling the truth.

Surrounding the traffic of today’s headlines, although ByteDance has already laid out in e-commerce, games, education, enterprise services and other fields. At present, from the perspective of revenue composition, advertising is still a cash cow, and more than seventy percent of the company’s revenue is advertising revenue.

In fact.

ByteDance’s advertising revenue has now exceeded 200 billion yuan, and Douyin has contributed nearly 60% of the total advertising revenue, ranking second in today’s headlines, accounting for one-fifth of the total revenue, while the long-form video platform Watermelon Video accounts for less than 3%. In addition, overseas short video platforms currently account for only a small part of ByteDance’s advertising revenue.

In addition to advertising, other revenue totaled 60 billion yuan.

Including rewards, e-commerce, games, education, enterprise services and other business lines.

It’s no exaggeration.

The traffic that ByteDance has is unimaginable, this is a company that is only ten years old.

The industry’s valuation of ByteDance has reached nearly $400 billion, just imagine that this figure is outrageous.

“Teacher Chu, what did you think of investing in ByteDance?”

Everyone looked at Chu Sheng, all a little curious.

Although the value of this company has now been proven by time, they still don’t understand why Chu Sheng chose to invest in such a company ten years ago.

To know.

At that time, no one realized that the era of mobile Internet had arrived, and no one knew that software such as short videos and today’s headlines could become the mainstream today.

It is no exaggeration to say that Chu Sheng simply achieved this investment with the vision of spanning the entire era.

Chu Sheng smiled slightly, and then said lightly: “Actually, it’s nothing, I think this idea is very interesting, just one found me, I voted.” ”

Saying that, he smiled and said to Huang Xiaochu and others: “In fact, making investment is not as complicated as you think, I invested not only in one company of ByteDance, during the Thousand Group War, I invested in nearly fifty group buying websites, and only the Meituan family survived, Jumei at that time, Chen Ou and I vowed to surpass Amazon, and it went bankrupt in a few years, and I regretted it at that time.” ”

“………………”

Everyone was speechless.

They looked at Chu Sheng, trying to find out if there were any clues of what he said, but it seemed that he was speaking from the heart.

But the more so, the more speechless everyone felt.

After making trouble for a long time, this investment depends on luck?

Wrong!

Everyone’s gaze suddenly changed.

They don’t believe Chu Sheng’s words, once or twice is luck, but there are too many examples of his successful investment.

The audience in the live broadcast room did not believe it either.

“What a joke!”

“One success is luck, two successes are luck, three times five times, then it is not luck, but the strength of the Eight Classics.”

“Yes, I don’t believe that a net worth of hundreds of billions of yuan can be obtained by luck.”

“Is it possible, Teacher Chu Sheng’s net worth has exceeded one trillion yuan.”

“Absolutely, his net worth is conservatively estimated at $300 billion.”

“Wipe, so much?”

“Yes, don’t forget, ByteDance’s valuation is 400 billion US dollars, and Chu Sheng is a major shareholder.”

“What kind of person is this!”

“You should ask how many shares he owns in ByteDance.”

“yes, I really should ask.”

“Curious, I’m very curious.”

“………………”

Above the barrage, everyone is curious about how much wealth this Chu Sheng has.

After all, although his wealth has been exposed a lot, but with the appearance of Zhang Yi, everyone knows that the world’s largest unicorn enterprise is also invested by Chu Sheng.

Even if ByteDance has almost diluted its equity after several financings, they believe that Chu Sheng will definitely have a lot of shares in his hands.

Not to mention.

Don’t forget that ByteDance is not just a company, their Douyin and Toutiao are qualified to go public.

In other words.

If ByteDance’s companies are spun off and listed, Chu Sheng’s wealth may increase somewhat.

………………

This side of the steppe.

Huang Xiaochu and the others were naturally curious, so they asked Chu Shenglai how many shares he had in ByteDance.

Chu Sheng smiled slightly and looked at Zhang Yi.

Obviously.

This question still has to be answered by Zhang Yi.

“Mr. Chu is the largest shareholder of ByteDance and now owns 25% of the shares.”

Zhang Yiyi saw that Chu Sheng did not object, but said it calmly.

Hiss!

Hearing Zhang Yiyi’s words, everyone gasped.

Twenty-five percent!

A quarter of the equity!

In other words.

ByteDance is now valued at $400 billion, and Chusheng’s equity valuation is as high as $100 billion!

And.

This number is likely to continue to rise.

After all, ByteDance’s development continues, and once the company goes public, the market capitalization may exceed this number.

to think of this.

Everyone’s gaze towards Chu Sheng was different.

Previously, some people on Weibo had estimated that Chu Sheng’s net worth was at least conservatively estimated at 300 billion US dollars.

Well now.

With Zhang Yiyi exposing the identity of the founder and largest shareholder of Chu Sheng ByteDance, everyone was surprised to find that they were going to reestimate Chu Sheng’s net worth.

If nothing else, Chu Sheng’s net worth is likely to exceed 400 billion US dollars!

If converted into RMB, that is, more than 2 trillion RMB!

Oh my God!

At this moment,

Even the two stable people, Huang Xiaochu and Teacher He, couldn’t hold it a little!

PS: Ask for flowers, ask for evaluation votes, ask for tips, ask for automatic subscription! Please support the automatic subscription, click on the custom subscription, and strive to send 30,000 words a day, please support me a lot! .

wuxiax.com, 11/03/2023 18:41