The Pentium Era - South to North

The "Women's Street" was finally sold to Mr. Ma, Wu Huan, Wu Yue and Sheng Chunyang for a price of 1.5 billion yuan. Xiaofang fulfilled her promise to them at the beginning of the year and gave them a lot of money. I used the money to go to work on the Internet.

The investment in this project, Xiaofang’s 4 million angel round, the final return was more than 100 times. Liu Yun and Xiaohu’s Series A investors also received nearly 10 times the investment return. For Wu Huan and others, What's more, Wu Huan and Xiaofang said, we are diaosi who have completely turned over. Boss, I want to thank you on behalf of diaosi!

It was really time to break up. Wu Huan hugged Xiaofang and Xiaoya and burst into tears. Wu Yue and Sheng Chunyang's eyes were also red.

The farewell banquet was held at the Tuxiangyuan Hotel on Yan'an Road. Zhang Chen, Xiaoli, Xu Qiaoxin, and Li Wei also came.

Finally, Wu Huan picked up the cup and told everyone that we are here to say goodbye to the "Women's Street". Everyone was crying again. Most of the employees of the "Women's Street" followed Wu Huan and the others to Taobao.com. , and some people went to Zhang Chen's "'Sky City' E-Commerce Industrial Park", and they also wanted to build their own website.

Wu Huan hugged Xiaofang and said, "Boss, do you want me? If you want me, I will follow you and do whatever you ask me to do."

Xiaofang said to Wu Huan sincerely: "I don't have a suitable position for you yet. You are overqualified for your job here. Really, I suggest you go to Dabao.com first. They are a very good company. You can learn a lot there. If you don’t want to use money for retirement now, learn more, it’s all yours.”

Wu Huan nodded "Yeah".

Back home, Zhang Chen and Xiaofang said that it was like a myth. In less than a year, each of these three young people had hundreds of millions in cash. When there were so many people in our factory and store, you and I I remember it took almost a year for my sister to earn her first 10 million.

"This is the characteristic of the Internet economy. Most websites go from prosperity to decline in a three-year cycle. If a website remains unknown after a year, it can be abandoned. Think about it, the speed of information transmission now People accept all kinds of information so quickly. If no one pays attention to your website for a year, does it still have the value of existing? "

As Xiaofang said, Zhang Chen thought of the website he made for Half an Acre of Field, and he chuckled:

"The website I built has not been visited by anyone for several years. Speaking of it, my website seems to be only a few months later than Dibao.com."

Xiaofang giggled: "This is the specialty of the industry. At that time, if you had a suitable team to carry out professional operations, needless to say, if Zheng Huihong was still in the company, you might leave it to her to run it. Just started doing it.”

Zhang Chen agreed: "If Zheng Huihong is here, it really is like this."

"What you make is not a website, but your work, just like the paintings you draw. When you make it, you are just curious. When you are done, you are satisfied. You don't care what happens next. Because you didn’t expect this website to bring you anything, right?”

Zhang Chen nodded and said yes.

"Wu Huan and the others are different. They want to make money from the beginning, so even if I tell Wu Huan that making money is not her task, she still thinks about how to make money every day, although she doesn't actually make much money. But it has a profit model, and as long as it continues along this path, it will become more and more profitable," Xiaofang said.

"After being acquired by Dabao.com, will the 'Women's Street' grow rapidly?" Zhang Chen asked.

Xiaofang shook her head: "No, it will go away, and it will shrink quickly."

"How could it be?" Zhang Chen was surprised.

"Dear, Zheng Huihong and the others had no intention of making it bigger when they acquired 'Ladies' Street'. After the acquisition, in the first step, all links to external websites from 'Ladies' Street' will be cut off. Next, you will When a woman searches for a piece of clothing on the street, what comes up will not be a few comparison links from Taobao, JD.com, Dangdang and Vipshop.”

"This function is no longer available?"

"There will be more, but the ones that come out will all be links to Diabao.com, from different websites to several different stores on Diabao.com." Xiaofang said, "Finally, the community function of the 'Women's Street' , will be merged into Taobao.com, and the 'Women's Street' will completely become an empty shell."

"I'll go!" Zhang Chen scolded, "Zheng Huihong and the others spent 1.5 billion just to kill people?"

"Yes, after diverting all the traffic to Taobao.com, the life of 'Ladies Street' will be over. For Teacher Ma and others, the main purpose is to snipe the growth of any website with similar functions to theirs , the acquisition is just to kill you gently, not to help you grow up together, do you know why Zheng Huihong came to me at this time? "

Zhang Chen shook his head and said he didn't know.

"Because they know that if they miss this opportunity, they may not have it in the future. They know that 'Women's Street' already has the conditions to be listed on NASDAQ, and Sister Liu Yun and I have the ability to get it listed on NASDAQ." After Dake goes public, they are not sure whether 'Ladies Street' will become a strong rival to them and take away their traffic.

"And once it goes public, if they want to acquire it, it may cost more than 15 billion, so they have to take action at this time, and I am waiting for them."

Zhang Chen was a little confused. He asked: "Since you said that after the launch of 'Women's Street', it may become a strong competitor of Dibao.com, why don't you just wait for it to go public?"

"This is possible." Xiaofang said, "It may be possible, and it may not be possible. For us, it is an unknown number, and for Teacher Ma and the others, it is also an unknown number. If they take action now, it can be said that Spending the minimum cost to eliminate a potential opponent is also the best opportunity for us to make profits.

“I am an investor, not a website person. The most important thing for an investor is to know how to stop when things are good.

"After the listing, once 'Ladies Market' fails to become a competitor to Dibao.com, investors will quickly abandon it. For us, the risk is too great, so an acquisition at this time is the best for both of us. The timing is right, as Zheng Huihong said, a 1.5 billion business deal has already been concluded before even a pot of tea is served."

“I really don’t understand these Internet companies now,” Zhang Chen said.

Xiaofang smiled and said: "You don't need to understand, it's enough if one of our family does. If you think too much, you will mess up your thoughts. My dear, just do what you understand. That's fine." very good."

Zhang Chen smiled bitterly and said: "I just can't understand how a company like this, which is located in a small house next to Tan Shuzhen's house, is worth 1.5 billion?"

"Do you know Huabing, dear?" Xiaofang said, "No matter what name it is, whether it is the Internet economy or the virtual economy, their biggest characteristic is that they are asset-light. Unlike real enterprises, real enterprises are Assets can be seen and touched. You have several acres of land and several houses there. Once you find an appraisal company to evaluate them, the appraisal price will come out. It is impossible for you to draw a pie.

"The Internet economy is different. It is asset-light and has various possibilities. You can't see or touch it. The pie can be drawn infinitely. Who knows what the future will be like. In addition, there are companies like Google , Amazon and Diobao.com are such successful cases, who can guarantee that this company will not be the Google or Diobao.com in the future? This pie can be painted according to the picture, and the picture will get bigger and bigger.

"So I think the Internet economy, if I use a more definite term, should be called the subjective economy. The measurement standards are subjective, and the value is also subjective. Just like when I first valued the 'Women's Street', I can It can be said to be ten million, or it can be said to be twenty million. Similarly, if I say five million, Wu Huan and Wu Yue will accept it.

"All of this, just in my mind, I felt that the risk of 20 million was too high. If I estimated 5 million, it would be a bit bullying these children. I just said 10 million. What should I use as the standard? There is no standard, I am the standard, my feeling is the standard.

"The valuation of all Internet companies is based on this. Even if you find a third-party evaluation agency, the evaluation report they produce is still subjective and has no standards. You said the traffic data is always true, but the traffic does not wait. Due to the price relationship, the video website has a lot of traffic, but it has no benefits at all. The same traffic of Dibao.com can produce real benefits.

"Even traffic data is unreliable. What data do Internet companies have that is reliable? Anyway, there are people buying and selling, and the real value is generated."

"Then beat the drum and pass the flowers. You don't have to worry about buying it too expensive. As long as there may be someone to take over later, you can buy it boldly?" Zhang Chen asked.

"Yes, when the Internet bubble burst, many companies were completely destroyed overnight. It was not that the company itself had any problems overnight, but that no one believed in the pie painted. So the Internet economy, especially confidence The economy, the credit economy, once confidence collapses, the entire industry collapses.

"The most typical one is 'Bitcoin'. In fact, it is nothing, it is just an algorithm. If everyone believes and recognizes its value, it will have value. If everyone thinks it has no value, it will depreciate in value. The gold coins and game coins in the game are also algorithms, so the rise and fall of Bitcoin is actually the rise and fall of people's confidence in it."

The next day, Zhang Chen sent Xiaofang to work and walked to the door of "Zhenshui Tea House". Xiaofang said that she wanted to go to that townhouse to see Wu Huan and the others. She thought about herself and Xiaoya and the others. Can I move back?

Zhang Chen accompanied Xiaofang and walked towards Tan Shuzhen's house. When he walked to the door of the house, he was surprised to find that the door was open. The two people walked in and saw Wu Huan, Wu Yue, Sheng Chunyang and the others inside. They, Wu Huan, came over quickly, Xiaofang said:

"Why are you still here and haven't reported in?"

"I've been there. They will officially start work tomorrow. I will bring them over to do a good job of cleaning. They will squat down with a towel and wipe every place clean."

Wu Huan said: "I want them to remember this place. This will probably be the most memorable place in their lives. In this society, everyone is working hard and everyone wants to succeed, but not everyone will be like this." The lucky one."

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