Reborn Entrepreneurial Giant.

Chapter 340 Acquisition of Time Network

Web page pictures, music videos are some of the biggest search needs of Internet users. Qu Li didn't want to make videos, but with ancient songs, he seemed to have to make them, let alone music.

"Emails, maps, music, and videos are all important..." Lin Bing thought of Qu Li's words, and felt a sense of urgency in his heart. He was under great pressure.

The domain name of Gu Ge has been changed from Google to guge. The search content has not changed, and the layout of the web page has not changed. However, the homepage logo and domain name have changed. Many people who do not pay attention to financial news think that the web page has been hijacked.

We had to increase publicity efforts to let the vast majority of Internet users know that Jumei acquired Guge and that Google had become guge. For this reason, a red reminder message and search links for related news reports were even added to the homepage.

It is certain that the share of ancient songs in the domestic market will decline. It depends on whether they can stabilize and maintain the market share above 25%. If it really falls below 20%, ancient songs are basically hopeless.

It's not that Qu Li doesn't care about ancient songs, but he can't always make the decision on everything. Besides, search engines are too professional. Most reborn people wouldn't choose this even if they had the chance. The uncertainty is too great. .

Actually, even if Qu Li wants to worry about Guge, he doesn’t have time. Kuxun, which he is responsible for, is in trouble. Zhang Haiju wants to do group buying for life. The reason is that Qu Li said he wants to do online ticket sales and offline event and performance ticketing. , now Quli wants to do big travel and big accommodation, but does not do life group buying, who is it a slap in the face?

Not only that, Nuomi.com, a lifestyle group buying company, has also started a movie ticket business. This is not the only group buying company that has followed suit. Although Kuxun Movie Tickets became famous because of "Avatar", under the eyes of the wolves, it must increase its business. If you invest, what about group buying?

"No, Kuxun insists on doing big business in travel, accommodation and movie tickets. Let me think about it again..." Qu Li was simple and direct in his communication with Zhang Haiju. He did not do group buying. He had actually decided that in case of acquiring Douban , and handed over the movie ticket business to Douban Movies.

"Mainly expand the accommodation business and focus on hotels and B&Bs..."

Zhang Haiju didn't dare not listen to Qu Li's words. Jumei acquired Guge, and Kuxun's search and price comparison function received technical support. She first built a platform, found third-party suppliers (hotels, air tickets), earned advertising fees and commissions, and then focused on Go to a B&B.

"It would be a pity to give up the group buying business like this."

"It's okay, we can invest in the companies that are most promising to succeed..."

"Public comment?"

"You can see it too!" Qu Li was a little surprised

"It's not difficult." Zhang Haiju

"Then I'll leave it to you to contact me. Are you confident?"

"Of course." Zhang Haiju was surprised and happy.

"Don't be too happy. The company hasn't discussed this matter yet. You can only count it as early contact. The company's strategic focus is not on this area, and it may not be able to make much money." Qu Li added

"I understand!" Zhang Haiju participated in the investment in Shenzhou Car Rental last time and the development was pretty good.

Qu Li also exchanged views on travel and accommodation with him. Zhang Haiju meant: These two industries have great potential, but require a lot of manpower and material resources. Kuxun has not yet achieved breakeven unless the head office continues to invest a lot. cash……

“We need to make achievements first, but are we afraid of not having funds?” It’s not like Qu Li didn’t know that running online ride-hailing and homestays requires money, but they are not a start-up. Even if they don’t have money, they can still find venture capital, and it will be much easier to raise funds. , funds are really not a big problem.In the final analysis, I am still not optimistic about the general direction of these two businesses.

In fact, Qu Li does not necessarily have to do these two businesses. Since acquiring Guge, in his mind, Kuxun can be abandoned.

"Douban's Abei refused to be acquired." Lin Bing quickly gave him a piece of news, a little disappointed. In recent years, the spiritual home of Douban has been the favorite of literary and artistic young people. Unfortunately, the controversy has become more and more serious.

"Then acquire Time.com, this name is quite good." Qu Li had already been mentally prepared. It is said that Abei is a sentimental person. He originally wanted Douban to become a public welfare organization, but the process was too cumbersome and difficult, so he finally gave up. .

"Acquisition in the name of Guge?" Lin Bing asked back

"It is better to divide it into the innovative business department. After acquiring Time.com, we will use this brand to develop the book, video and audio business. No, what about ancient music..." Qu Li said with a headache. Jumei's business line seemed too broad.

"In fact, it is enough to search for ancient songs, there is no need to provide music services..."

"Don't provide music services?" Qu Li didn't expect Lin Bing to say that, and once again confirmed that this was his true thought, he didn't feel too relaxed when he told him about Kuxun.

"What do you think?" Lin Bing asked on the other end of the phone.

"I want to shut down Kuxun, reduce sunk costs, and then invest in travel and accommodation businesses. These two industries have great potential and are both destructive innovations. Forget it if it fails. If we really do it, we will be under great pressure. ..." Qu Li

“Travel and accommodation are not fundamentally different from the online travel industry, right?”

"It's completely different, okay?" Qu Li felt something was wrong after saying that, and added: "Most travel and accommodation needs occur in the same city, and tourism is cross-regional..."

"Why don't you leave me in charge of Ku News? Gu Ge can help guide Ku News." Lin Bing didn't say anything.

"Don't let ancient songs become closed and become a traffic diversion tool for Jumei. Search should always solve problems for users and provide a good user experience..." Qu Li

"..." Lin Bing sounded a little depressed.

The two continued to communicate about Kuxun's business and decided to give Zhang Haiju some time and postpone the handover to Lin Bing. After all, he had not even sorted out the ancient song search business.

As for Time.com, it was founded in 2005. At the beginning, it mainly provided movie information inquiries. In 2009, it began to develop movie promotion business. Its traffic is far less than Douban. It was later acquired by Wanda. It is a good website. Of course, what Qu Li cares about most is The name of this website, Time Network, a good name can reduce the difficulty of marketing.

In 2016, Wangda spent 18.6 billion to acquire Time Network. Now it has just emerged from the subprime mortgage crisis. Although capital has become active, it has not yet paid attention to movies.This website received US$2011 million in Series A financing in 100 and US$2013 million in Series B financing from Venture Capital and others in 1000.

Based on comprehensive calculations, the price for Jumei's acquisition of Time Network is not too high. It should be in the tens of millions and not exceed 100 million SoftMei coins. The specific amount depends on the number of users and revenue scale.Qu Li doesn't need to worry about any of this. Jumei's current market value exceeds US$[-] billion, and the acquisition of Time.com doesn't even require any announcement.

After preliminary communication, Jumei's financial department was very confident, and Qu Li included Shiguang.com in his plan, preparing to move the company to Xingsha to facilitate nearby management.