Chapter 1420 Watching a Show with a Bench

February 22nd.

After a few days of warm-up, at 7 pm, it was officially launched on PP video, which has been known to everyone.

Many users who did not download PP videos before started downloading today.

When Li Dong arrived at the company in the morning, Liu Hong came to announce the good news: "Mr. Li, in the past two days, our video downloads have increased by more than 8 million.

Total installs are approaching the 100 million mark!

Your popularity is indeed unparalleled, which is much more cost-effective than asking celebrities to do publicity. "

In 2009, the number of Chinese netizens was about 300 million, and online video users accounted for about 80%, which is 240 million total users.

The PP video installation volume is as high as 100 million, which is obviously not to be underestimated.

The amount of installation does not mean everything. It is normal to uninstall and install again.

For online video, the more important data is not this, but the number of people covered.

The so-called coverage refers to the number of users who independently visit the website within the time limit.

According to the monthly coverage statistics in January 2009, the total market volume exceeded 150 million.

Among them, Youku and Tudou are the current industry leaders, both of which have around 80 million users. Of course, there are overlapping user coverage.

Otherwise, the total number of visitors from these two websites alone would exceed 160 million.

As for Yuanfang, despite continuous promotion over the past year, several variety shows have become popular, PP and Weibo are attracting traffic, and the final monthly coverage is still only more than 50 million, which is much lower than the two.

Of course, these are January stats.

In fact, PP video is growing every month. According to the normal statistics in February, it is very likely to break through the 55 million mark.

But now, I'm afraid we don't have to wait until the end of the month, and it is very likely that we will reach the 60 million mark by the end of the month.

As soon as Liu Hong said it, Li Dong couldn't help laughing and said: "That's right, keep up the good work, get rid of those two, and reach the top!"

Of course, Li Dong didn't take it too seriously.

Seriously, video sites at this time are burning money, both Youku and Tudou are operating at a loss.

On the contrary, it is far away, and it really didn't lose money.

There is this foundation in the distance, bandwidth, servers, data centers...

These hardwares are already in place in the distance, and the investment is not large, and it is not just for the investment of the video website.

At this time, the cost of copyright is actually more expensive.

In 2009, piracy was rampant, but domestic piracy was okay, but piracy abroad was troublesome.

Major video sites are buying copyrights at high prices.

Especially after LeEco was established, it raised copyright prices and waged a price war, causing several giant video sites to complain.

Speaking of LeTV, Lao Jia and Li Dong are somewhat similar.

This guy is also suing for a disagreement!

Anyway, almost all the copyrights he bought were exclusive copyrights, and he immediately started to sue any domestic website for piracy. In the past two years, there have been almost no video websites in the industry that have not been sued.

Of course, except for the distance.

On the one hand, Yuanfang's legal team is strong, and LeTV cannot do it.

On the one hand, Yuanfang has always insisted on authenticity, and Yuanfang is more self-managed, invested and created by itself.

And after it was launched, it also drove the development of Yuanfang variety shows and is in a trend-setting position.

As for TV dramas, Dongxing Entertainment has also invested in and filmed quite a few TV dramas, all of which are only making money and not losing money.

Yuanfang's cost of purchasing copyright is much lower than other websites, and the infrastructure cost is also much lower, so the current video website, I am afraid that Yuanfang can maintain its operation.

Other websites have been burning money, and it seems that they don't know when it will be the top.

So Li Dong didn't pay too much attention to whether the video business can be number one.

The video business is only one point of the rich industry, not all. The top of a single industry will not bring too much benefit to Yuanfang.

After Liu Hong announced the good news, Li Dong interrupted: "Don't worry too much about this,

After the interview is recorded, the matter is over.

As for the reaction of the outside world, we don't need to delve into it.

Now let’s talk about the financing of Weibo. After the B round of financing, Weibo has continued to grow. The international version has developed particularly rapidly, and a large number of domestic users have also increased.

Now registered users, including the international version, have reached 400 million users.

Of course, this is not important, the key is that our monthly unique visitors reached 170 million, this is the key!

Now let me say that we are the world's largest social networking site, and I think it's okay. "

Why did Li Dong dare to say that!

Because there are so many people in China!

Who made Facebook unable to enter the country and cannot be promoted, without the data support of Huaxia, a super populous country.

In January 2009, Facebook had only 140 million monthly unique users worldwide.

Of course, they are not weak in the United States, with nearly 70 million user visits, surpassing their rival MySpace's 58 million.

Yuanfang Weibo is much less competitive in the United States, with only about 20 million followers.

The main data support from afar comes from domestic sources.

China is a country with a large population, and the number of netizens is also quite large, reaching 300 million, making it the number one in the world.

Of course, the statistical data of various institutions are different. According to the data given by some American institutions, the other party is still the first, but no matter what, it is a fact that the number of Chinese netizens has increased greatly.

Even if it is comparable to the United States, if you lose the Chinese market, you will almost lose Facebook's global market except the United States.

In this case, it is naturally much easier for the number of users of Yuanfang Weibo to surpass the opponent.

Of course, according to the proportion of registered users and the proportion of active people, Yuanfang is still losing a bit.

But if Li Dongfei wants to say that he is the number one social networking site in the world, Facebook can't refute it. Compared with the data, at least it is far better.

As for Huaxia's data accounting for more than 60%, this is out of Li Dong's consideration.

Li Dong continued: "Since we are number one in the world, the C round of financing can't be lower than Facebook..."

Liu Hong's face turned green, sir, are you serious?

Not lower than the other party?

In 2007, the other party's C-round financing was valued at US$15 billion!

This is the peak period. In fact, the impact on the world's environment in 2008 is not so inflated, but what's the matter, 10 billion US dollars is still there.

Now Li Donglai said that he is not inferior to the other party. Doesn’t it mean that his C-round financing goal is more than 10 billion US dollars?

is it possible!

Liu Hong forced a smile and said, "Mr. Li, is it too tall?

After the B round of financing, our post-financing valuation was only 3.12 billion US dollars.

In the C round, our goal is to raise 500 million US dollars, with a total value of 5 billion US dollars after financing. "

In other words, before the financing, Yuanfang valued Weibo at 4.5 billion US dollars.

In Liu Hong's view, this is in line with the market environment, and it is considered very high, a very good valuation.

However, in less than half a year, from less than 3.2 billion US dollars to 4.5 billion US dollars now, the increase has been astonishing.

Of course, in fact, such changes often occur in the Internet industry. It is not a single company that has increased by more than 1 billion US dollars in half a year.

But no matter what, it can't double and double again.

According to what Li Dong said, this round of financing cannot continue.

10 billion dollars!

Whether it is pre-financing or post-financing, it is impossible.

Of course, if Li Dong doesn't mind his shares being diluted by more than half, there is still a little bit of hope.

But can Li Dong agree?

According to Liu Hong's understanding of him, Li Dong should not let his equity be diluted too low in this financing.

That is to say, the scale of financing is not too large.

Even if it raises 1 billion US dollars, if Weibo wants to meet Li Dong's expectations, it must at least reach a value of 9 billion US dollars before financing.

Facebook is right, but the other party takes all the global market. If Huaxia is excluded, Yuanfang's global market size is only half of the other party's.

Half the gap, sometimes even more than half the depreciation.

Of course, the Huaxia market is also a very important part, and there is no reason to exclude it. Generally speaking, it is still possible for Yuanfang Weibo to reach more than 50% of the value of Facebook.

It's almost impossible to get the equivalent.

Li Dong raised his eyebrows when he heard the words: "The financing is over 5 billion US dollars? Are you kidding me?"

After all, Li Dongdao: "This financing is our last round of financing, after which we will choose to go public, almost a money-making business.

At this time, don't use round B as a reference.

And these days, our market share has been rising steadily, especially in the Chinese market, which is called a real monopoly.

The world's largest social networking site is not just bragging, it's a fact.

Okay, I admit that I can't compare to the other party in the United States, and I can't even rank in the top three, but the old Americans are so valuable?

I am not too demanding, and it is no problem to estimate more than 6 billion US dollars before financing.

This time, it raised 1 billion US dollars, and after financing, it will reach 7 billion US dollars.

My current shareholding ratio is 40%, and after dilution, it will reach more than 34%. After listing, I will dilute a part and maintain it above 30%, which is just right.

You told me that it was only 5 billion U.S. dollars after financing. Do you really think our things are worthless? "

Liu Hong is tired, and the pre-financing valuation is 6 billion US dollars. I really can't do this.

Moreover, the current valuation of Weibo at 4.5 billion US dollars is not done by Yuanfang, but by many institutions.

Are those investment banks stupid?

Don't they know that the taller the better?

But why did they only get 4.5 billion US dollars? That's because of Yuanfang Weibo, which is indeed the current value.

Even if Li Dong is loud enough, he is number one in the world, he has 400 million users, and Asia beats each other, and Europe and the United States are on equal footing, but that's all.

C round of financing 500 million US dollars, 5 billion US dollars after financing.

In the case of listing, because there is no social networking site listed as a reference object, we can only refer to Internet companies.

Based on the price-earnings ratio and other data, after the listing, the market value of Yuanfang Weibo may reach 10 billion US dollars, or slightly higher.

Of course, skyrocketing or plummeting cannot be ruled out.

But according to Li Dong's statement, the market value of the listing will be positioned at 15 billion US dollars.

At the previous annual meeting, everyone thought he was joking.

Well now, he really intends to do so!

With a bitter face, Liu Hong said after a long while: "Then I'll go back and make a new plan, and I have to discuss it with various investment banks. Look, is this okay?"

Li Dong nodded slightly and said: "That's it, in fact, if it wasn't for preparing to repurchase part of the equity, I would have prepared 10 billion US dollars.

However, I still want to repurchase part of the stock before listing, so that the valuation cannot be too high, otherwise it will not be worthwhile if someone makes money. "

Liu Hong smiled wryly, co-author, I still have to thank you for considering this point, otherwise, with such a valuation, I am afraid that the financing will not be able to continue.

15 billion U.S. dollars, it is serious to break through the 100 billion RMB mark.

Can a Weibo really create such great value?

Of course, sometimes the Internet industry depends on whether it can boast, which is also true.

If your bragging is reasonable, can impress investors, and make investors feel that it is a good deal, then there is no problem.

But if you can't, it's useless for you to blow the sky.

Whether Yuanfang Weibo can impress investors is hard to say at the moment.

Other people's money does not come from strong winds. Once this bubble is burst, it will plummet, and major institutions will also consider it clearly.

Originally, he came to report good news, but in the end, Liu Hong left full of worries.

Of course, his worries are his business.

As time goes by, it is about to go online.

On the PP video, some clips have also begun to be released.

...

"If the industry wants to say who is the most annoying, I will say I know it, and I will not say who I don't know.

You will definitely think I said **, but this time it is really not! "

"If you want to say that it makes people uncomfortable, it's still a *******"

"Almost forgot, there's also the **** of the ****, the boy who gave you money!"

"Then Mr. Li, would you mind telling us about your fiancée?"

"There's nothing to say, just make do with it."

"Whether it's the Internet industry or logistics... Looking back, it's actually in the top ten, in the top five, or even in the first place..."

The appearance of strips of flowers made many people almost curse!

Damn PP video!

Why did you beep a few times to cover up the name of the person!

Who does Li Dong hate?

Also, who is the good fortune boy?

It seems that this time there seems to be a lot of revelations.

Netizens speculated one after another, and some people swore: "I bet, Ma Yun must be the one Li Dong hates the most!"

"I bet 10,000 no, Xu Shengzhe from Longhua is about the same."

"I guess the good fortune boy is Xu Shengzhe."

"Tell me, is there any other news? Will Brother Pao fire the cannon this time?"

"Nonsense, is it still Brother Pao if you don't shoot it? I am extremely suspicious. The ones released now are actually pediatrics, and the real ones are yet to come."

"It makes sense, but Brother Pao's interview is interesting."

"..."

There was a lot of discussion among the people, and for a while, many people began to sit and wait for the show to officially start.

...

At the same time, Li Yanhong, who was far away in the capital, saw the video and murmured: "This bastard, you can't be talking about me, right?"

He vaguely remembered that he had been called that by Li Dong before.

Of course, that's all Li Yanhong said, she didn't scold herself.

As for who Li Dong wanted to bombard, he felt that it was definitely not him.

Both Ma Yun and Ma Huateng are possible, as are several giants in the physical retail industry.

Anyway, no matter who it is, just watch the show with a bench.

Li Yanhong was a little lucky, anyway, he and Li Dong didn't have much business overlap, otherwise, who could stand such a big mouth, nagging all day long.

Li Yanhong felt that it was not her, and many people felt the same way.

Including Suning's Zhang Jindong, Lao Zhang didn't expect that Li Dong would talk about him, and he was still waiting to have fun at this time.