Rebirth of the World’s Richest Man

Chapter 3612 Listing Invitation

 Once a company monopolizes a certain market, it is actually unfair not only to the industry but also to all consumers.

 Let’s look at the three communication companies. The first is the monthly fee.

Chinese people are very familiar with monthly rental fees. They are charged every month, and there are different monthly rental fees. Some monthly rental packages include some free call minutes, some free data traffic, etc.

 The price of the monthly rent also varies. The most expensive ones cost dozens or even hundreds of yuan, while the cheaper ones cost about five yuan, ten yuan, or twenty yuan.

 The cheapest monthly fee comes with nothing, no call minutes, no data, and no text messages.

 But no one has ever thought about monthly rent. What exactly is being rented?

 There is a monthly fee for renting something. Some people say it is the operating cost between the phone and the base station. Some people say it is the cost of renting a number.

 But it’s actually all nonsense. To put it bluntly, this is just a product of the planned economic system at that time.

 But telecommunications is a monopoly, and you have no choice, so you can only pay them money, even if it is an inexplicable fee.

 The sales price of a product is the cost of producing the product, which includes product raw materials, labor costs, etc.

 After making a profit, it is necessary to divide the gross profit and the net profit.

But the three companies in the communications industry don't do this. The monthly rental fee should be the operating cost borne by the communications companies, but they just blatantly take it out and make you bear it.

 Last year, that is, in 2004, the monthly rental fees exposed exceeded 200 billion.

 This is the communications industry, let alone two barrels of oil.

 The international oil price is ninety US dollars per barrel, but the domestic extraction cost is less than seven US dollars. The cost is so low, but when it is sold outside, the price is higher than the international oil price.

 It is true to the saying that monopoly is neither good nor bad, only bad and worse.

Zhang Weiyi was also indignant when he mentioned these things. Although he was no longer an angry youth and had experienced too many things, it still made people uncomfortable when he mentioned these things.

“I guess the higher-ups won’t always look at the three giants like this.” Jiang Xiaobai shook his head and said, although he was willing to watch the fun, it would be better if the three giants could knock the brains out of people.

 But in fact this is impossible, and it is impossible for the higher-ups to keep watching.

“Director Jiang, these three giants have been doing this for many years, at least three to five years, and they haven’t seen any action from above. It’s useless to warn them.

 The three of them are now incompatible..." Zhang Weiyi didn't quite agree with Jiang Xiaobai's view.

 He feels that there is no way to reconcile the contradictions between the three giants, and it cannot be reconciled.

 “Just watch.”

Jiang Xiaobai didn't say much. At this time, the phone on his desk rang. Jiang Xiaobai answered the phone, and Zhang Weiyi stood up and left.

 “Hello, Mr. Jiang, I am Li Yanhong from Baidu.”

“Mr. Li, I haven’t contacted you for a while. Is there something wrong?” Jiang Xiaobai asked directly.

"Well, I haven't dared to disturb you because I'm afraid that you're busy with work. It's like this, Director Jiang. When Baidu was listed on Citigroup's NASDAQ on August 5th, we wanted to invite Director Jiang to come with us. This invitation I've asked you to send the letter in advance. I'm afraid that Mr. Jiang is busy with work and doesn't have time to read it, so I'll give you a call." Li Yanhong said with a smile. After a few years, Baidu has gone from obscurity to becoming the largest Chinese search engine in the world.

“Search” website itself is a hot word now. Yahoo and Google are the hottest words in Citigroup. Each time they go public, they will cause a wave of craze.

 China is also very popular on Wall Street. The domestic economic development rate in the past two years is too exaggerated.

As for Baidu, it relies directly on these two hot words and searches in China.

There is no reason why this product should not be popular after it is launched.

 Jiang Xiaobai has been very busy recently. He has heard that Baidu is preparing to go public, but he really doesn’t know the specific launch time.

“Okay, I’ll definitely make time to go there then.” Jiang Xiaobai said with a smile. After hanging up the phone, he asked Zhang Tingting to bring over the invitation letter Baidu sent.

“I am probably the most irresponsible shareholder.” Jiang Xiaobai opened the invitation letter and said with a smile. Huaqing Holding Group Investment Company holds 4.4 million shares of Baidu.

 At that time, it was bought at a price of 1.8 US dollars per share, which cost several million US dollars.

This share is not too much for Jiang Xiaobai, but it is still quite a lot.

 More than four million shares, it depends on how much money can be made.

"Director Jiang, the investment company has invested in many companies. If you are invited to go to every listing, then you don't have to do anything else for a day, just go to the listing and ring the bell." Zhang Tingting said jokingly.

When outsiders heard this, they thought her little secretary was speaking too loudly, but in fact what he said was also true.

On the Internet companies alone, Jiang Xiaobai personally made the decision to invest in many of them. The investment company saw that Jiang Xiaobai liked investing in Internet companies, and the investment company also invested in some of them.

In the past two years, Internet companies have gone public one after another. If Jiang Xiaobai went to all of them, he would definitely be too busy.

 What’s more, companies in other industries that we invested in have gone public.

“Are there any other Internet companies we have invested in that have gone public recently?” Jiang Xiaobai asked.

Zhang Tingting nodded: "When I got the invitation letter just now, I asked about the investment company there. There is another company, which is also listed on Nasdaq, called Focus Media. Will you go on July 13th?"

Focus Media, when Jiang Xiaobai heard the name, he immediately remembered what kind of company it was. It mainly did building advertising, such as in elevators. The multimedia video advertisement that played the advertisement belonged to Focus Media Company.

 Later generations did quite well, but at this time, they are definitely incomparable with Baidu and the like.

Jiang Xiaobai is not interested in participating either. He is still too busy with the listing of China Construction Bank.

“Forget it, let Hu Jinshan go.” Jiang Xiaobai waved his hand.

Zhang Tingting said: "I guess Manager Hu doesn't have time to go. Now the investment company is thinking about the securities industry. When I went to the investment company just now, there was a meeting at the investment company to discuss how to open up the securities industry after entering it. The breakthrough point.

It is estimated that there is no time to pass... It is very likely that Vice President Zhang Zhang Jun went there. But it’s hard to say, Zhang Jun seems to be working on some project recently..."

 (End of this chapter)