MMB Chapter Two Hundred Trillions Of Empires, The Fall Of [Thousand Degrees]
Chapter Two Hundred Trillions Of Empires, The Fall Of [Thousand Degrees]
To be honest, Lin Fei did not expect that the first person to visit would be 【Qiandu】!
Of course, he never expected that [Qiandu] would come over so quickly.
You know, when discussing business, there are very few people who will visit directly and hastily.
Generally, a phone call will be made in advance, and the prophet will speak,
How many days has it been since the first day's data of 【Kai Yishou】was released?
If you want to cooperate with Jiaxing, you must at least let the negotiating parties make sufficient preparations before communicating.
As a result, Li Yanhong seemed to have ignored this at all, and then went directly to the door.
This point really made Lin Fei feel very strange.
This is not like the style of doing things that a company with a market value of over 100 billion will have.
But now is not the time to think about these little things,
Now that Li Yanhong has already paid a visit,
In any case, I have to understand the current situation of [Qiandu] first.
It's okay if you don't understand,
As soon as he understood, Lin Fei immediately understood why Li Yanhong rushed over without stopping.
It turned out that [Qiandu] was in a hurry!
There is an interesting little detail when discussing business,
That is to pay attention to cost performance, no matter how many products you want to deal with, you should not show too eager a state,
This is because, whether it is a buyer or a seller, once they are too eager,
It is easy to be led by the nose by the other party.
For [Qiandu], a company with a market capitalization of hundreds of billions,
It is even more impossible to make such a low-level mistake.
And now, why did Li Yanhong still do this?
From the very beginning, it showed a very urgent desire to cooperate with Jiaxing?
It's because he can't wait anymore, and his [Qiandu] can't wait anymore either.
Jiaxing is really important to 【Qiandu】.
What is the current market value of 【Qiandu】?
It is 37 billion meters of gold!
Converted into RMB, it is about 220 billion.
Does it look awesome?
Wow, this company with assets of more than 200 billion yuan,
But in fact, for [Qiandu] with a market value of more than 200 billion, 28 is simply in decline and can no longer be in decline.
Lin Fei learned one thing by checking the information,
Li Yanhong was once the richest man in China.
The year he became the richest man was ten years ago.
Ten years ago, [Thousand Degrees] at that time was at its peak,
What was its market value at the time?
It is 400 billion meters of gold!
Converted into RMB, it is almost 2.4 trillion!
At that time, [Goose Factory] had a market value of only 320 billion meters of gold,
In that year, [Qiandu] could be said to be a well-deserved leading pillar in the Internet industry.
The main business of [Goose Factory] is not strictly speaking the Internet, it can only be said to be a small section of the Internet industry: [Social Networking]!
Ten years ago, 【Qiandu】was awesome, unrivaled in the Internet industry!
But, look at now?
[Goose Factory] has become the leader of the [Internet] industry,
And what about 【Thousand Degrees】?
He didn't even make it into the top ten, and was directly driven into the second echelon.
From this, we can see how miserable [Qiandu] has been in the past ten years.
I remember that when Lin Fei chatted with Boss Yang before, he described the Internet industry.
At that time, Lin Fei said that the Internet industry is changing with each passing day, one day at a time,
Change is so fast, sometimes it's a simple matter of chance,
If you catch it, you will fly to the sky,
If you can't catch it, the sun will fade away!
And [Thousand Degrees] undoubtedly belongs to the latter ranks.
There is no other reason for their decline!
It is because he did not seize the opportunity and was abandoned by the times.
After understanding some basic information, Lin Fei couldn't help but sigh with emotion:
"Sister Mi, I finally know why Li Yanhong came to visit us without stopping."
Hearing Lin Fei's emotion, Boss Yang cast a curious look immediately:
"How do you say that?"
Seeing Boss Yang's puzzled eyes, Lin Fei smiled and said:
"Do you remember what I told you earlier?"
"The Internet industry is changing too fast to seize opportunities. No matter how big a company is, it may be lost in a blink of an eye?"
Boss Yang tried his best to recall, and then clicked:
"Yes, you did tell me that."
"It's just that, does this have anything to do with Li Dong's visit to us?"
Lin Fei nodded:
"Not only is there a correlation, but the correlation is huge.
"Li Yanhong couldn't wait to come to us because he wanted to make money"
"I checked the information just now."
"Ten years ago, [Qiandu] was the leader in the Internet industry. At that time, their market capitalization peaked at nearly 400 billion yuan!"
"And now, their market value is pitiful, and even 40 billion meters of gold are gone."
"It has shrunk, more than ten times."
Hearing what Lin Fei said, Boss Yang was startled instantly,
Maybe it’s because I’ve been using [Qiandu] since I was a child,
Her impression of 【Qiandu】is still at the level that this company is awesome.
Because even now, [Thousand Degrees] is still very famous.
However, Boss Yang never expected that the market value of [Qiandu] would shrink to such an extent.
In the next second, Boss Yang raised his head and looked at Lin Fei:
"The market value fell from 400 billion meters to less than 40 billion meters!"
"No way?"
"[Qiandu] What are they doing? How did they shrink so much?"
"In my impression, they seem to be very famous even now.
Seeing Boss Yang's puzzled eyes, Lin Fei explained:
"Whether you are famous or not is not the same as whether the market value is high or not."
"Is it strange why their market value has plummeted so much?"
"It's not because of what they did!"
"It's because they didn't do anything."
[Qiandu] Lin Fei has already analyzed the reason for the decline.
Mainly based on four aspects.
One: The commercialization of [Qiandu] is too poor!
Any business must consider the issue of making money.
Comparing [Ah Li] and [Goose Factory], [Ah Li] itself is an e-commerce company, and the profit method is clear and clear, so there is no need for others to ask or think. As for [Goose Factory], its main business is [Social Networking],
This [Social Network] itself is not easy to generate profits, but [Goose] has explored other ways to make profits.
Relying on Penguin and vx, they hijacked other products under [Goose Factory] and realized profits through other products, so in comparison, the profits of [vx] and [Penguin] themselves are not so important.
As for [Qiandu], in the transformation of commercialization, they have done an extremely cheating job. Their profit method is to sell advertisements.
This is obviously not a mature and effective business model,
Their [Qiandu] main business is a search engine.
Excessive advertising behavior will seriously affect the quality of search engines.
To give a very simple example, you play Penguin or VX, and before chatting with your friends, suddenly a lot of advertisements pop up, do you think you will be disgusted?
So to sum it up in one sentence, [Qiandu]’s profit model has already damaged the quality of their main products.
Second: The [Internet] industry has moved towards a closed mode.
[Qiandu] started out as a search engine, and now the function of the search engine has gradually been replaced by the internal search of each APP. To give a very simple example, in the past, if you wanted to watch a TV series, you might use [ Qiandu] to search, and now open a video APP, you can search by yourself.
The rise of major APPs has further compressed the living space of [Qiandu] and reduced the usage rate of search engines.
It’s like watching the news, how many people will use [Qiandao] to search for news now? Obviously, there are more people who watch the hot search for scarves, okay?
Third: [Qiandu] The user kidnapping of this company is not strong.
[Goose Factory] Why is it so awesome? It’s because they kidnapped all social users. If you don’t use Penguin and vx, you can’t chat with your friends, unless of course you choose to send text messages and make phone calls. But will the cost increase?
[Ah Li] Why is it awesome? It’s because they have kidnapped all merchants. If you want to shop online, you can only choose a platform. Merchants and online shoppers cannot live without it.
And look at [Thousand Degrees], there is no kidnapping at all.
First of all, life is still beautiful without you,
Even if you really want to use a search engine to search for some information, you can also choose other search engines, and there is not only one [Qiandu]!
To put it bluntly, they are in the market, and their importance is not high!
Fourth: [Qiandu] missed the era of mobile Internet!
Strictly speaking, this can actually be called the most important reason for their decline.
Other Internet giants have already seen that the mobile Internet is the future development trend,
So we had our own new products and layout early on.
For example, [Goose Factory], in the era of smartphones, launched the x!
For example [Ah Li], only Taobao and Zhifubao were launched in the mobile phone era!
Even [Wangyi] has Wangyi Cloud and Wangyi Mobile Games.
But look at [Qiandu] again, what do they have?
Just one [Thousand Degrees Map]!
Isn't it silly and cute?
As far as their thinking and consciousness are concerned, it's no wonder that their days are getting worse!
Missing the mobile Internet era is the most important reason for the decline of Qiandu.
They did pay a heavy price for their lack of vision.
Falling from the leading position to the second echelon,
From a market value of 400 billion meters of gold, it fell to less than 40 billion meters of gold.
During the decade of decline,
[Qiandu] Very painful! Really painful!
They are also learning from the painful experience, constantly repeating the mistakes they made.
Through continuous research and thinking, they also really realized why [Qiandu] fell.
But what about summing it up?
They can't think of a way to change the situation at all, okay?
[Ah Li] and [Goose Factory] are like two insurmountable mountains,
Standing in front of 【Qiandu】.
It is impossible for them to give 【Qiandu】 a chance to rise again,
Moreover, even if given a chance, the mobile Internet market has already been divided up by these two big companies.
【Qiandu】What else can we do?
For ten years, every day,
【Qiandu】This big brother is sad!
Every minute and every second, Li Yanhong, the founder, was silently worrying.
I remember at an Internet summit, he moved to Pony.
Ten years ago, my pony
Brother politely call him Li Dong!
But at this summit held not long ago,
"Yan Hong!"
"Xiao Li!"
This address that doesn't take herself seriously really hurt Li Yanhong's bones.
But, does he have a calendar?
[Qiandu] is already on the same level as [Goose Factory] and their 670, okay?
Even without mentioning [Goose Factory] and [Ah Li],
Even the market value of [Jingdong] is around 70 billion meters.
Hehe, now that Li Yanhong sees Brother Dong, he really has to politely call him Mr. Liu!
Li Yanhong originally thought,
[Qiandu]'s fate should be like this.
But at this very moment,
Hope appeared!
What made Li Yanhong see the hope of rising again?
It's 【Quick Hand】!
The number of registrations on the first day is approaching 15 million!
Is this data still available?
Once the time and space for the development of [Kuai Yishou] is given,
In the future, it definitely has the potential to develop to par.
Li Yanhong knew that 【Qiandu】was in decline because it failed to grasp the era of mobile Internet.
But now, he has reflected on his mistakes.
So this time, he will never miss it again.
Unexpectedly, in addition to [social network] and [e-commerce market],
The [short video community] market actually has such great potential.
do you know?
After knowing the awesomeness of [Quick Hand],
Li Yanhong immediately booked a plane ticket to Shanghai,
Then he asked the people in the company to complete the collection of Jiaxing information, and it was sent to him after getting off the plane.
Collect a little and send a little,
Therefore, he was able to reach the door as quickly as possible.
Li Yanhong knew very well that [Goose Factory] and [Ah Li] would definitely find them. ,
Only if I am faster than them, can I hope to cooperate with Jiaxing.
After all, [Goose Factory] and [Ah Li] are too rich.
Their [Qiandu]'s financial resources are not comparable to each other.
To be honest, the best way is to finance Jiaxing.
However, [Qiandu] can’t afford financing, okay?
He himself has a market value of just over 200 billion RMB,
How can we spend so much money to finance Jiaxing?
That's why Li Yanhong came up with the idea of cross-shareholding.
Even this, Li Yanhong raised it cautiously.
Exchange 30% of [Qiandu] shares for 15% of [Jiaxing] shares.
Regarding the quotation given by 【Qiandu】, Lin Fei just laughed,
scary low,
But Li Yanhong should also show his greatest sincerity.
After all, [Qiandu] is very poor now, okay?
After learning the cause and effect of the incident from Lin Fei,
Boss Yang also knew instantly, why Li Yanhong ran over in such a hurry,
In the next second, she said dumbfoundedly:
"According to [Qiandu]'s current market value, can we just ask Li Dong to go home early?".