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Chapter 107 Building the Foundation (2/3)(2/2)

Now Su Mingzhe decided to build a website.

Renren.com in the previous life was founded by Su Mingzhe's future students.

The highest market value of Renren has reached nearly 10 billion U.S. dollars. In the domestic Internet field, its market value ranks third after Qiandu and Penguin.

At this time, both Qiandu and Penguin are online.

Su Mingzhe is still in Qiandu and Penguin has invested in it, and now he has founded Renren on his own, which is to dominate the entire Internet field.

Outsiders don't know that Su Mingzhe is so ambitious.

Even the three roommates in the same dormitory just wanted to help each other and each held 5% of the shares in the Renren company registered by Su Mingzhe.

Su Mingzhe used his own companies to hold 85% of the shares, making him a veritable major shareholder.

As soon as Renren went online, Su Mingzhe asked Ma Ge for help and used Penguin to push the news.

With the help of Penguin, Renren became popular on the Internet as soon as it came into being.

Brother Ma was also feeling very bitter.

The largest shareholder of his own company has created a new competitor.

Penguin not only cannot suppress the opponent, but also links with the opponent to help promote it.

Such an embarrassing thing happened to me.

Let the big guys comment, and you can go find someone to reason with.

Su Mingzhe also knew that what he did was a bit excessive, so he quickly used the name of Renren to pay Penguin 10 million in advertising fees.

Well, Penguin has to do things after taking the money, and the joint promotion in the next year cannot be stopped.

This is even more bullying.

Count balls.

Xiao Ma gradually accepted the reality.

Because Su Mingzhe agreed to give up 20% of Renren shares to Penguin.

At this time, Penguin has not yet found a profit point.

At this time, there was no online payment, and even wealthy people who wanted to spend money could only pay with cash.

Su Mingzhe has a lot of money-making ideas in his mind, but they are directly restricted by the lack of secure online payment channels.

On this issue, Su Mingzhe and Xiao Ma also talked several times.

At the Internet Forum held in China, Su Mingzhe and Xiao Ma both proposed to solve the problem of online payment.

Online payment not only involves network issues, but also has restrictive factors from organizations such as the China Banking Regulatory Commission.

So, everyone knows this issue.

But if you want to solve it, it still needs time to slowly ferment.

Anyway, Penguin and Renren are not too worried about this issue.

At present, those most anxious to solve the problem of online payment in China should be several B2B Internet companies.

Companies like Huicong.com, Alibaba, etc.

If these companies do not solve the problem of online payment, their development will be greatly restricted.

In a blink of an eye, it was the last day of December 1999.

In one day it will be a new century.

Su Mingzhe doesn't have time to spend time with his two girlfriends, playing about the turn of the century.

He has bigger things to do.

New Year's Day.

Hualong Technology, a joint venture between Weilong Communications and Huawei Technologies, held a press conference.

At the press conference, Hualong Technology launched the world’s first mobile phone with a color screen and camera capabilities.

As soon as this mobile phone came out, it caused an uproar in the world's technology community at the beginning of the century.

Because, Su Mingzhe found someone to make a holographic projection of a future science fiction image.

"Hualong Technology makes the future no longer a dream."

The price of Hualong mobile phones is also very affordable. There are three grades in total, namely 1,800, 2,800 and 4,800.

The mobile phone system also has built-in English, Japanese, Korean, French, Russian, Arabic and other world language versions.

As the press conference was held, investors from all over the world came to the news again, like sharks smelling fishy smell, constantly looking for investment opportunities.

Some sales channels want to quickly win regional agency rights.

Su Mingzhe didn't have too high requirements for these channel vendors. As long as he didn't make any mistakes, he agreed to their agency rights.

At present, Su Mingzhe has only one requirement for Hualong Technology, which is to make a quick return on investment.

In order to develop this mobile phone, Su Mingzhe and Huawei jointly developed it and have invested more than 3 billion.
Chapter completed!
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