In October, Yelp finally went public independently, and Zhou Shi served as Yelp's chairman position. Unexpectedly, it won the market recognition and subscriptions were very enthusiastic. Since the last time he took 5% of his shares, this time he raised 10% and Yahoo transferred 10% of his shares, and a total of 25% of his shares were sold.

The new company Yahoo holds 75% of Yelp's shares, which seems to have little impact, but things will not be that simple. If Yelp acquires other companies in the future, Yahoo's shares in it will be gradually diluted. As time goes by, an independent subsidiary will have a weaker relationship with the parent company. This is a decades of experience in Europe and the United States. For example, Broadcom is now gradually growing and growing from a subsidiary separated by HP, and it has basically nothing to do with HP.

"Mr. Zhou, go public and ring the bell!" Shen Haoyu once again invited Zhou Shi to ring the bell

Since he started his business at the end of 2003, although Zhou Shi promoted several companies to go public, he never went to ring the bell. It was Baidu at first. Zhou Shi, who had never wanted to leave Baidu, was despised because of his academic problems, or his increasingly radical ideas had a natural gap with the conservative thoughts of Robin Li and others. When he thought about it, he still felt very regretful. However, even at the beginning, he did not feel much indignant, and it is even more impossible to have it now.

Looking back at the beginning of his departure from Baidu, he has been on the road to starting a business, overcoming difficulties one by one, breaking the foreign blockade of domestic affairs in many areas, and finally achieving his current achievements.

When he was on the market, ringing the bell? Go, or not? Zhou Shi hesitated with his eyes closed. In fact, he had the idea of ​​going up to ring the bell when he came to the scene. Unfortunately, after he arrived, there were still some obstacles that were difficult to overcome.

"Forget it, you go up!" Zhou Shi opened his eyes and said a little lonely. What he didn't expect was that this scene was photographed by a reporter.

With the sound of ringing the bell, Yelp was officially listed, with a market value of US$35 billion. The listing price and amount are randomly determined based on the total shares and the listing market value, and there is little practical significance.

"Oh! Oh! Oh! Oh!" Yahoo's senior management and Yelp's management, including some employees and customer representatives, shouted in unison. Yelp's stock price performed well, with a market value of over $40 billion, and the stock price rose by more than 15%.

Then everyone accepted interviews from reporters, including Yahoo reporters. With the expansion of Yahoo News and Toutiao's influence, Yahoo's reporter team has increased a lot and has become more and more outstanding.

Zhou Shi was making soy sauce in it. Today he didn’t want to say anything, but sometimes it wasn’t something you didn’t want to say if you didn’t want to say it.

"Mr. Zhou, you have never participated in ringing the bell. Is it related to your failure at Baidu?" A reporter asked suddenly, somewhat unexpected.

"My failure at Baidu? Are you kidding, did I fail?" Zhou Shi

"Isn't that true? You were kicked out of Baidu's management before Baidu went public. Isn't this a failure?"

"Do you know the Tao Te Ching? There is a saying in it: If you succeed, you will not live; if you do not live, you will not go. That is, I will not regard Yahoo's success as my success. If one day, Yahoo needs me to leave, this is something I can accept. The same principle applies to Baidu." Zhou Shi

However, this question that has been answered many times did not satisfy the reporter. After the press conference, he published the photos and articles he took. One of the bold speculations was: Zhou Shi never rings the bell, even if he has many opportunities. For example, Friends.com, Guokel Company, Alibaba, and now Yelp, he seems to have caused Zhou Shi to be resistant to the listing because of the previous blow.

Accompanied by Zhou Shi's lonely photos, and the exaggerated title: "The only first failure of the richest man!" It spread throughout the Internet almost in one day, from home to abroad, and surpassed the attention attracted by Yelp's listing.

Why is Zhou Shi the richest man? The article says that Zhou Shi's current net worth exceeds US$70 billion, but he does not count his shares in Amazon. If the 20 billion US dollars are added, his net worth exceeds Bill Gain. If the assets that are not listed are still included, he can almost be sure to become the world's richest man.

As for why this photo is linked to Zhou Shi's experience on Baidu, the reason is very simple. Zhou Shi wanted to split Yelp several times, so he was the only one who led the independent listing of Yelp. On such a happy day, Zhou Shi showed a lonely expression in the face of Shen Haoyu's request to ring the bell. It was obviously not because of the current situation that affected him. Based on his past experience, it is easy to deduce that Zhou Shi's resignation on the eve of Baidu's listing may have a blow to him beyond his own imagination. This may be his only failure in the true sense... and this failure comes from a ridiculous reason, his education is not high enough...

When the news was released, the influence was quickly reflected. Baidu's market value fell sharply, falling by 10%. Then Zhou Shi received a call from Baidu, and he looked confused. Why...

He himself didn't know if it was because of Baidu's influence that he had lost his thoughts about ringing the bell for listing IPO. Maybe there is, maybe not, who knows!

Baidu actually made some progress, such as the reason for jointly establishing Meituan with Yelp, it did not acquire Nuomi.com at a huge amount of money. Moreover, because of the leading advantage gained in China after the Snowden incident in 13 years in Time Android, Baidu did not have the idleness of acquiring 91 Wireless. In the era of mobile Internet, it saved a lot of money to invest in the field of artificial intelligence and cloud computing.

Time and Baidu are two major centers to attract outstanding talents in China, followed by Friends.com and Alibaba, then Penguin, Net-1, Goudong, etc. However, excellent start-ups such as Didi Taxi are also full of vitality. Baidu is undoubtedly very visionary to enter the fields of artificial intelligence and unmanned driving, but the results of this industry are not so obvious, and it may even cost a lot of money and is still useless. Baidu cloud computing has a solid foundation in the CDN field, and it has a solid foundation, which is relatively easier to succeed. However, Time and Alibaba have more obvious technological advantages, Amazon is eyeing it outside, and Baidu is likely to surpass Time and Alibaba, but unfortunately it is very slim.

Baidu's overseas business, especially South America, Southeast Asia and other places, has gained its foothold through investment and establishment of subsidiaries. Using Google's attention is attracted by Yahoo, Yahoo's attention is not focused on search engines, and Baidu has successfully become the third choice for South America and Southeast Asian countries.

"Leaving Baidu is the same as leaving Amazon. It is my personal choice. Don't over-interpret it, thank you..." Zhou Shi didn't want Baidu to be implicated innocently. Xinghe Capital is Baidu's major shareholder! Baipanyi reads the latest chapter of "Rebirth of the Post-80s Legendary Claw Bookstore" for free as soon as possible.
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