Chapter 583 The Internet Is Heating Up

Fan Wubing thought about it and thought that Fan Kang probably had never heard this joke, so he told him the story.

A couple surnamed Huang had three daughters. All of them were of marriageable age. However, due to strict family education, all three daughters were still virgins.

The Huang couple found good husbands for their three daughters. As the wedding day was approaching, they could not help but worry. After the wedding, the three daughters and their husbands were about to leave home for their honeymoon. The Huang couple was very concerned about whether their daughters' first night was perfect. As a mother, she told the three daughters privately that your father and I were concerned about your wedding night and hoped to know whether you were happy. In order not to arouse your husbands' suspicion, you should inform us in code. The happy daughters went out for their honeymoon.

A week later, the Huang couple received the first letter. When they opened it, they saw that it was written by their eldest daughter. There were only a few big words on the letter: Yalan Simmons mattress. Without saying anything, the couple immediately picked up the newspaper at hand to look for the advertisement of Airland Simmons. Mr. Huang found it, and the title was "Big Size, Strong and Gentle". The old man and his wife were extremely happy.

Seven days later, the second daughter wrote a letter, and simply wrote about Nestle Coffee. This time, Mr. Huang quickly found the advertisement page of Nestle Coffee, and the main title was "Joy to the Last Drop". The couple embraced each other and were overjoyed.

Seven days passed, and until a month later, they still did not receive a letter from the third daughter, and the couple began to worry. The letter from the third daughter finally arrived two months later. The words on it were not clear, and Mr. Huang took some effort to decipher it. It turned out that his daughter wrote about Cathay Pacific.

Mr. Huang did not bother to put on his coat, and ran to the nearest newsstand nearby to buy a newspaper. When he got home, he quickly flipped through the newspaper with trembling hands to find the advertisement of Cathay Pacific, and finally found it. Mr. Huang grabbed the newspaper and read it aloud. Before Mr. Huang finished reading, Mrs. Huang had already fallen on the recliner with a thud. The title of the advertisement was, seven days a week, three shifts a day, no rest in between.

After hearing this, Fan Kang couldn't help laughing. After laughing for a long time, he said, "Do you think that it took so long for the elder sister to call back, so you have some associations?"

"Ahem——" Fan Wubing said seriously, "Your idea is not pure. Be careful that the elder sister will come back and spank you. I won't help you then."

"Unless you go to tell on her, how could she know?" Fan Kang replied.

Fan Wubing had no objection to Fan Kang's desire to set up a charity fund. However, the previously envisioned matter of letting Fan Kang go to the United States to raise money has indeed been mentioned on the company's agenda at this time.

The madness of Chinese concept Internet stocks was a scene that took place when the Internet and technology stocks in the United States were the hottest.

Basically, there is a fixed pattern. Once the stock market is booming, it is the last moment of this market.

Therefore, before the Internet bubble burst, the market of several Chinese concept Internet stocks listed on NASDAQ was quite good. However, with the bursting of the Internet bubble, the stock prices of most companies could not be supported by actual performance, and finally plummeted, almost becoming junk stocks.

If you want to make money perfectly in the US stock market, you must list Internet companies with strong Chinese concepts on NASDAQ before the Internet bubble comes, and then find a more suitable buyer to transfer the shares. This is naturally not as profitable as reducing holdings in the stock market, but it is faster. Otherwise, once the bubble bursts, everyone will lose everything. Who will still want to touch the stocks of such companies?

This year, China's Internet industry has shown unprecedented vitality. Although at that time, the development of the domestic Internet industry was still a bit thin. According to reports, the total number of Internet users in China was only about one million, and the international export was less than 100 mbps, like a toddler who had just learned to walk. However, some industry insiders have sensitively noticed that the storm of the Internet is about to sweep across China, and a new era full of dreams and legends is coming.

At the beginning of the year, the first free all-Chinese email system in China began to be known, which greatly surprised the first generation of Chinese netizens, who now number less than one million. From now on, many people began to print email addresses on their business cards. Although in this era, the symbolic significance of this behavior is far greater than its actual value. However, this heralds the beginning of a new era.

In March of this year, the first session of the Ninth National People's Congress formally approved the establishment of the Ministry of Information Industry. This marks the beginning of the long process of breaking the monopoly of China's telecommunications industry. It is undoubtedly good news for the domestic network industry. The high network usage fees have finally been reduced. As a new pillar industry of the national economy, the network industry is also receiving unprecedented attention. Many people on the front line of China's network industry clearly feel the warm breath of spring.

Because he wanted to use the Internet company to make money in the United States, Fan Kang was also concerned about the development of the Internet during this period. He said to Fan Wubing, "In July, the second phase of the China Public Computer Internet Backbone Network Project started. It is planned to expand the backbone bandwidth of eight large areas to 155m and replace all node routers in the eight large areas with gigabit routers."

Fan Wubing nodded. He had noticed this, and the major media cheered for such broadband for a while. However, they would soon find out that in the Internet age, bandwidth is never enough. At this time, Internet addicts happily look forward to their "cats" running in full.

"Although many aspects are not satisfactory, things are developing in a good direction after all." Fan Wubing said to Fan Kang, "Our company is also vigorously expanding network infrastructure, and is also coordinating with the United States to strive to expand the export bandwidth by more than two times. We must also make the most of the satellite advantage to make the network quality of Fan's Network Service Company surpass that of all companies under the General Administration of Telecommunications."

Hardware construction is always an important foundation for the development of all network technologies. No matter how the situation develops in the future, the underlying network service providers will definitely make a profit. Therefore, Fan Wubing must firmly maintain his advantage of being able to compete with the network service technology of the General Administration of Telecommunications, and even continue to promote it.

"Have you read this month's "Times"?" Fan Kang asked.

"I rarely read that kind of stuff, and it doesn't have my cover photo, so why would I read it?" Fan Wubing replied.

"Your thoughts are not good, but it's good to read it." Fan Kang shook his head.

It was also in this month that Zhang Chaoyang, the president of Sohu, was selected as one of the 50 "digital heroes" in the world by the famous American "Time" magazine.

So Zhang Chaoyang naturally became the focus of the domestic news industry. Various reports about him were overwhelming. His entrepreneurial story was regarded as a legend, and he became the second Jerry Yang. The image of domestic "digital heroes" represented by him gradually began to gain popularity.

In fact, in February this year, the first professional search engine site in China was officially launched. Within one month of the official launch of this website, the average number of visitors per day was about 12,000, and the page traffic exceeded 100,000 pages per day. With such a meager number of visitors, the website quickly became one of the most popular websites in China, and the name of this website was later known to almost all domestic netizens. It is Sohu.

At that time, the domain name of Sohu was a name that was difficult to remember, and digital hero Zhang Chaoyang was carefully making a Chinese clone of Yahoo, which was already at its peak at that time, hoping to bring Yahoo's success to China in the same way.

Two months after the launch of the Sohu website, Sohu received the second venture capital since its establishment. Investors included Intel, Dow Jones, Hang Lung, Idg International Data Group and Harrison Corporation of the United States. At that time, many people did not know what venture capital was, this was indeed an achievement worth celebrating, although the total investment was less than two million US dollars.

At the same time, another of the three musketeers in the Chinese Internet industry, the famous Ding Lei, was vigorously tinkering with NetEase's free email, free e-cards, free homepage space, free domain name system and a lot of other things that start with free.

After NetEase's free email system achieved unprecedented success, many local information ports and Internet companies purchased this set of products, and NetEase obtained extremely considerable profits. It was also with the funds obtained from the sale of the free email system that NetEase was able to independently support itself for a long period of time without any external financing in the early stage of its operation. This is also one of the main reasons why Ding Lei holds such a high proportion of shares in NetEase.

However, from Fan Wubing's perspective, the most praised service of NetEase at this time was not the free email, but the fact that they were the first to launch a free personal homepage space system in China.

At this time when Chinese information resources were relatively scarce, this service launched by NetEase not only cultivated a large number of web designers with professional production standards, but also these various personal websites greatly enriched Chinese network information resources.

It can be said that the reason why NetEase was able to establish a good reputation among netizens was due to this free personal homepage space service, and this good reputation also laid a solid foundation for NetEase's future development.

As another of the Three Musketeers, Wang Zhidong, who founded the number one portal site Sina.com, had not yet launched Sina.com at this time. Sina.com's predecessor, Sitong Lifang Information Technology Co., Ltd., opened a World Cup special site in May and became the only Chinese site designated by the French government. After the French summer that attracted millions of fans, the number of visits to the World Cup website of Sitonglifang also soared every day, and soon set a record of 2 million hits per day. This is simply a miracle now. The successful operation of this time has made the general public gradually recognize the existence value of the Internet as an emerging media.

Fan Wubing has always been concerned about the future development of the three major portals, so he is also very clear about what these three people are doing now. When chatting with Fan Kang, he said to him, "If you have time, it's best to contact these people and express your interest in network technology. It's okay to buy some shares from them. It's best to get some US dollars over, which is guaranteed to work."

"Since you want to do it, wouldn't it be better to do it yourself? Why do you have to join others?" Fan Kang was a little puzzled. He felt that since he had decided to set up an Internet company and build a portal, why did he have to partner with others?

Besides, isn't funding other people's development the same as providing bullets to the enemy? And it is very likely that these investments will not be recouped at all.

Fan Kang has studied the matter of venture capital seriously for a while. He knows that this is different from loans. If you say it is wasted, it is wasted. You can still hear it when you throw money into the water. As for the sound, if the venture capital fails, there will be no sound at all.

"These are two completely different effects." Fan Wubing immediately explained, "Running your own website is nothing more than two results. One is to fatten up and sell it, and the other is to keep it, no matter which one it is. , it requires a lot of effort, and it is not that easy. Purchasing other people's shares as a shareholder is simply venture capital. As long as the other party can become bigger and stronger, your investment will be returned hundreds or thousands of times. The returns are astonishingly high, and they don’t require any effort on your part.”

In fact, this is an important reason why venture capital is very popular overseas, because there is too much hot money overseas, so everyone has to invest this hot money in various projects, not to find a job for themselves. Rather, we should try our best to make funds flow and achieve value-added as much as possible.

Generally speaking, if you invest a hundred dollars, there will always be a dozen or so projects completed. As long as one or two projects are successful, your investment in the hundred projects will be considered a return, and the other ones will be successful. It's pure profit.

For entrepreneurs, venture capital is life-saving money, but for venture investors themselves, this money is actually a burden. Only by letting it flow can it not depreciate and bring profits to themselves.

"Oh, that makes sense, but do you think these websites are reliable?" After hearing Fan Wubing's words, Fan Kang thought that was the case, but if he invested his own money, he still needed to be serious. Check it out.