Chapter 608: Shi Yuzhu: I Don't Believe that I Can't Do Anything to You

10 billion? "

Hearing this number, Shi Yuzhu took a deep breath.

It is impossible to say that Shi Yuzhu is not moved by the number of 10 billion.

Even if Shi Yuzhu considers himself a genius, he has already achieved financial freedom.

But the wealth freedom of this hundreds of millions of assets is not comparable to others who make 10 billion a year.

It's like the difference between a small asset and the richest man in the world.

Of course, he didn't think Chen Yu was bragging.

Although Huanyu Technology has not released their specific annual report, they have several 1 million games online at the same time, which is enough to prove their profit in online games.

If Chen Yu's assets are exposed now, or if Huanyu Technology goes public.

Then Shi Yuzhu believes that Chen Yu is definitely the richest man in China.

In fact, it's not just them, even if there is only one game with hundreds of thousands online at the same time, it is already very profitable.

NetEase made a lot of money from the big talk about Journey to the West.

The Ninetowns also earns very well by miracles.

The grand saga has always been their cash cow.

Even the Jinshan Swordsman's relationship, which is actually average, earns very well.

However, although his heart was extremely excited, Shi Yuzhu was not someone who trusted others so easily.

He was thinking, why did Chen Yu come to find him today?

Do you really want to chat with his senior brother about school feelings?

how can that be.

"Mr. Chen, why are you telling me this?"

Chen Yu calls Shi Yuzhu a senior brother, but Shi Yuzhu is not so concerned about calling Chen Yu a junior brother.

He was actually extremely wary of Chen Yu's arrival today.

"It's very simple, I just want to say that making games is very profitable, why not make games?"

"You mean to tell me not to do 51.com?"

"It's almost the same. The game makes money 100 times more than 51.com. It doesn't matter whether 51.com does it or not."

Looking at Chen Yu, Shi Yuzhu pursed his lips: "Mr. Chen, if I expect it to be good, you guys seem to want to launch a social networking site similar to our 51.com."

"It seems that President Shi is well informed."

Chen Yu didn't hide it either, and nodded directly.

In a few days, YY Space will be officially launched.

"Haha, Mr. Chen, the purpose of your coming to me today is not simple."

Shi Yuzhu smiled.

Sure enough, it's not a good thing for Chen Yu to find himself today.

However, Chen Yu also underestimated him.

Although Huanyu Technology is very powerful, he, Shi Yuzhu, was not frightened.

"Senior brother seems to be very wary of me."

Chen Yu was helpless.

Indeed.

As a competitor, Shi Yuzhu would believe him to be strange.

Besides, it seems embarrassing to say so.

Games are more profitable.

But it seems too arrogant to ask others to give up what they are doing now.

"Forget it, Senior Brother, think about it."

Knowing that this matter could not convince Shi Yuzhu, Chen Yu didn't say more.

However, before leaving, Chen Yu asked, "Senior brother, is the content important or the channel important when building a website?"

"Of course the content matters."

Shi Yuzhu said directly: "It is impossible for a website without excellent content to retain users."

"It makes sense."

Chen Yu nodded: "But it depends on the situation."

"If you are in a relatively mature field, of course, content will become more and more important. However, in a new field, the most important thing at the beginning is often the channel."

This is also a point of view mentioned in the previous life - "channel is king".

To put it more clearly, whoever controls the traffic has the right to speak.

Of course, the channel is king is not static.

In an age where the Internet is becoming more and more mature, content will surpass channels.

But in the 2004 era, it was almost fair to say that channels trumped all content.

but,

Obviously, in the early days of the Internet, many people wanted to verify whether this was right or not.

After meeting Chen Yu, Shi Yuzhu returned to 51.com.

And, on the same day, he held a meeting with the company's top management.

During the meeting, Shi Yuzhu told everyone about the meeting with Chen Yu.

All the high-level officials are serious.

Regardless of what Chen Yu said was right or wrong, Huanyu Technology was the most powerful competitor they had ever encountered.

However, despite this, Shi Yuzhu did not panic.

Although Huanyu Technology is powerful, it is not invincible.

The current 51 network has accumulated a certain number of users, and has formed a small word of mouth.

And because of its positioning in social networks, the development of 51.com is simply explosive.

Through word of mouth, 51.com has gained a lot of capital attention.

Before Shi Yuzhu did not particularly want to raise funds, but now he can meet with these capitals.

As long as 51.com raises funds, then he can have a good fight with Chen Yu.

He didn't believe it, they took one step first, and could they still beat Chen Yu?

However, although Shi Yuzhu thought of financing, Shi Yuzhu is not an ordinary business manager.

He understands how capital works and the unique appeal of the Chinese Internet.

To this end, Shi Yuzhu contacted several venture capital firms.

SoftBank, Goldman Sachs, Sequoia Capital, Digital Pacific...etc.

All of these capitals have invested in a large number of Internet companies in China, and have obtained rich returns.

For 51.com, a group of capital is also very interested.

But obviously Shi Yuzhu is not a novice in capital.

Under Shi Yuzhu's capital operation, Goldman Sachs finally decided to invest 300 million yuan to obtain 30% of the shares of 51.com.

This is also equivalent to 51.com's valuation close to 1 billion.

It should be said that this estimate is on the high side.

Although 51.com has performed well, it has not been established for a long time.

But the recent growth rate is very obvious.

But even so, the valuation of 1 billion yuan is too high.

But that's what the internet is.

The valuation of high-growth companies is bound to be high. Once missed, there will be no chance to get on the bus.

Furthermore, China's Internet has developed rapidly in recent years. Looking at their performance in recent years.

As long as they have invested, all of them are doing well.

Especially Shanda, Shanda has recently launched the Nasdaq roadshow.

Once successfully listed, they will get a huge ROI.

However, just when Goldman Sachs was about to sign a formal investment contract with Shi Yuzhu, Universal Technology announced their YY space business.

According to the regulations of Huanyu Technology: All YY instant messaging users can get an exclusive space.

The space can upload diaries, photos, and interact with other friends to leave messages.

Of course, you can also create a more personalized exclusive space.

All right.

In fact, many people didn't know what this YY space was for at first.

However, Internet products have always been simple and easy to use.

Although I don't know what this thing is, I just need to click to enter, and I will understand it after a little groping.

As if you don't understand.

that's OK.

Take a look at your friend's space and you'll know how to do it.

...

"John, let's go earlier today to give them a good impression."

"Boss, does 51.com really have such great potential?"

"Of course, looking at what Facebook has developed recently, I can tell you that 51.com is China's Facebook."

"Lorne", the head of Goldman Sachs Capital China, sorted out the documents and confirmed that there was no problem, and he was ready to go.

Although the investment valuation is slightly larger this time, it is also worth it.

Thinking of Facebook in particular, Ron thought it was a once-in-a-lifetime opportunity.

However, just when Ron was about to go to the hotel to sign with 51.com, the secretary suddenly came.

"Hey, Huanyu Technology has launched a business called YY Space."

"YY space?"

"Yes, this business is basically the same as 51.com's positioning."

"This……"

Hearing this news, Ron was stunned.

Afterwards, he quickly opened the laptop and personally experienced the YY space.

"Give 51.com a call and say that the signing arrangement will be suspended this time."

Closing his eyes, Ron said helplessly.