Chapter 1500 I Am Willing to Be Your Investor

"Will the U.S. invade Canada?"

Judging purely from the geography, geography and politics of the war, the annexation of Canada by the U.S. is easy and has many benefits. However, judging from the post-World War II world situation, the U.S. will never invade Canada.

The reason why it is impossible to invade Canada is also very simple. The main reason is that Canada is on the road and is wholeheartedly moving towards the United States.

Under the influence of the U.S. strategy of global hegemony, the only thing Canada wants is to be a neighbor to the hegemon, even entrusting its own national security to him. It is necessary to go to war with Canada, such a country with thousands of miles of border with itself, and it does not defend itself at all, and cooperates deeply with itself in various fields, and it is not necessary to fight him if you fight all over the world.

However, if Canada also wants to learn from the United States and pursue a strategy of global hegemony, the United States will definitely not allow such a competitor to survive under its nose, and the first thing to do is probably to eliminate this opponent first.

Because of this, everyone can hear the deep meaning of Li Mu's words. If Google is at ease as its own search engine and does not actively compete with Muye Technology in other fields, then Muye Technology is completely unnecessary. After five years, go grab Google's search engine market.

If it was a month ago, Larry Page would have been full of resentment at Li Mu's remarks, but now, Larry Page is completely indifferent, he has corrected his mentality, and regards Google as Canada, an ancient The Chinese philosophy made him realize an eternal truth: it is good to enjoy the shade under a big tree.

The entrepreneur who asked the question nodded lightly, and politely said to Li Mu, "Thank you, Mr. Li, for your answer. The metaphor is very vivid. I understand what you mean."

Li Mu didn't speak, but nodded slightly.

Then, the host added: "Next, Robin from Baidu will answer everyone's questions."

At this time, the people who raised their hands in the audience were obviously not as many as the audience who raised their hands when Larry Page answered the question. This aspect is related to the lack of personal influence of R, and on the other hand, it is also related to Baidu's cooperation in this merger and acquisition. The status is more marginal.

Out of courtesy, Robin first chose a reporter from an overseas media to ask questions. After the other party got up, he asked: "Hello Mr. Robin, we know that in Muyeamp;Baidu, Baidu holds 10% of the shares, which means that Baidu will After the completion of Google's merger, it directly owns 3.33% of Google's shares. The current value of this share in the capital market has exceeded 400 million US dollars. As far as I know, no funds have been invested in Yeamp;Baidu. Get hundreds of millions of dollars in dividends, then I would like to ask,

What do you think of Baidu's huge profit? "

Robin was stunned for a while, then smiled: "What do you think? Of course, it was a very successful cooperation with Muye Technology. What else can you think of it?"

The reporter asked: "Do you feel that Baidu's efforts and gains in the whole process are not equal?"

Robin smiled indifferently and said, "If the giving and receiving are completely equal, the business cannot be done. How can there be a completely equal business in the capital market? There is only one kind of completely equal business, that is, the bank's change exchange business. He has a one-hundred-dollar bill, and he gives you ten ten-dollar bills, which is equal."

The reporter asked again: "Don't you think that Baidu's profit from it is a little too high compared to Baidu's investment?"

Robin's expression was a little displeased, but he still put the fire down and said: "Investment is full of opportunities and risks. Baidu just according to the cooperation agreement with Muye Technology, it is reasonable to share 10% of the benefits of the project. 10% is not directly related to how much money Baidu has invested, how much manpower and how much material resources. If you are not satisfied that Baidu has made too much money in this cooperation, you can ask Mr. Li later to see what he thinks about it. Do you have any comments?"

The reporter was so choked by Robin, and he didn't think about how to deal with it. At this time, Li Mu picked up the microphone and said with a smile: "Let me first clarify one point, Muye Technology and myself are very committed, since I and Robin are very committed. After reaching a cooperation agreement and letting Yeamp;Baidu account for 10%, the 10% will definitely be cashed, no matter if the 10% represents 40 million, 400 million, or 4 billion, this is a must for a qualified entrepreneur. The basic quality of equipment, so I feel that every penny of profit Baidu gets from it is what they deserve."

After a pause, Li Mu said again: "But I'm very curious, in accordance with the agreement signed by the two sides to honor and fulfill the promise, such a simple, direct and open and transparent cooperation, why do you think Baidu's profits are too high? Is it in your thinking? In the model, when you see the partner making money, do you still have opinions? If it is this way of thinking, then I am afraid that no one will be willing to work with you in the future.”

There was laughter from the audience, and the reporter said with a blushing face: "Sorry, there is a problem with my opinion expression, I have no other problems, thank you!"

The reporter was from a Silicon Valley media. They were quite indignant about Muye Technology's 33.3% stake in Google. They always had a sense of justice from nowhere, and hoped to express their unique opinions on this matter. The reporter He didn't dare to offend Li Mu, so he wanted to tease Robin in a subtle way, but what he didn't expect was that he ended up shooting himself in the foot.

Then Robin learned to be smart, and for the next question, he directly chose a domestic media reporter.

The domestic media reporter obviously did not have the same strong angry youth mentality as the previous reporter. After he got the microphone, he asked Robin: "Hello R, I want to ask you, Baidu and Google are both search engine companies, you can say that the most direct However, Baidu now directly holds shares in Google, and both parties have a very in-depth cooperative relationship with Muye Technology, so how will Baidu and Google handle the relationship between each other and business conflicts in the future?"

Robin explained: "Baidu's holding of Google's shares is due to our cooperation with Muye Technology, but this is a capital-level matter, and the development direction of Baidu and Google will not be affected by this, that is to say, Google In fact, the deep-seated relationship with Baidu is still a competitive relationship, but I think this is normal, so when the time comes, the way both parties deal with it should also follow the normal business development process."

"thanks!"

For the third question, Robin still chose a reporter from China. After the other party got up, he asked: "Hello R, I would like to ask your question: Will Baidu consider expanding overseas markets in the future? If so, what areas will it focus on? Woolen cloth?"

Robin smiled slightly and said: "We have always been yearning for the overseas market. When it comes to the focus, it is actually very simple. We will definitely give priority to expanding the overseas search market. After all, search is our strength, and the overseas Chinese user group is also very large. It's huge, and it's strictly a 'local market located overseas', and it's easier for Baidu to develop."

"Thank you R for the question."

At this time, the host smiled and said: "Then it's time for Mr. Li Mu to answer questions. I believe that many people have many questions to ask Mr. Li. Then, we will hand over the time to Mr. Li. Let him choose the questioner."

As soon as the voice fell, most of the people in the audience raised their hands.

Li Mu hesitated a little, and first chose a Chinese-faced guest to ask questions.

The selected guests stood up excitedly and said stutteringly: "Hello, Mr. Li, I am the person in charge of an online novel entrepreneurial team. My question is, what do you think of online novels? Why? Muye Technology has not yet made efforts in the field of novel reading, and your future open platform, are you willing to open it to the novel team?"

Li Mu asked him curiously, "Can I ask you first, what is the name of your product?"

"starting point."

"Starting point..." Li Mu suddenly laughed out loud and said, "To be honest, I have read novels on your website."

As soon as the voice fell, the guest who asked the question had a look of disbelief, and the surrounding media reporters and guests were also stunned. Li Mu was so busy that he still had time to read online novels? There is also this website called the starting point. Li Mu mentioned it like this. I'm afraid it will become popular, right?

At this time, before the questioner could respond, Li Mu continued: "I will answer your questions one by one. First of all, what do I think of online novels? I think this is a very good product. You all pay to read online. The model is also a very good and very advanced innovation, although currently paid reading is still a low ARPU value industry, but I am still very optimistic about the future of online novels.”

The so-called low ARPU value means that the average income of users in this industry is relatively low, reading is very cheap these days, two or three cents per thousand words, and each book has free chapters of 20,000 to 300,000 words, so a Users may only need to pay a few cents to read novels for a day, and the average income of such users is indeed very low;

In contrast, the ARPU value of online games is much higher. Players consume at least one yuan per day for point cards alone, excluding other inputs such as game recharge and item purchase. A well-done game has an ARPU value per capita. At least several times or even ten times that of the novel;

The higher ARPU value is e-commerce. Currently, on Taobao, the average amount of each customer order has reached more than 30 yuan, which is infinitely higher than that of novels.

After taking a sip of water, Li Mu continued: "As for your second question, why Muye Technology has not made efforts in the field of novels, the reason is actually that we have not yet had the energy to operate such a content industry project, because content work, especially Long-form content work requires a large number of authors and editors. For the time being, Muye Technology's focus on content is still on news, information, and user-created short and medium content, and there is not enough energy to build a novel industry from scratch;

However, if the time is right in the future, we will definitely consider bringing in your model of paying to read novels online. That's right to answer your third question. We are naturally willing to open the open platform to the novel team, and even to everyone. An author is open. At that time, the operation mode of Makino Technology should choose to directly acquire a relatively mature team from the industry, and then directly import the resources of Makino Technology for quick hot start. If your team is interested in financing or being acquired , you can leave a contact information for my assistant Ms. Li Ziwei later, I am willing to be your investor! "

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