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Chapter 744 Invest in the Internet Industry

...

"Chairman, this is the company's business statement for the first half of the year!"

After taking the document handed over by Zhang Fan, Liu Dong quickly finished reading it. Every capital flow recorded on it was very clear. ∽↗,

"Are you so optimistic about the future of Google, Amazon and ebay?" Liu Dong asked after putting down the document.

Most of the funds he handed over to Zhang Fan were invested in these three companies. Amazon and ebay were a little better. The former had 8.9% stake and the latter was 12.3%, but Google exaggerated it, and it had reached %!

In contrast, none of the remaining dozen Internet companies has more than 5% of them!

"Yes, Mr. Liu! I am very optimistic about the future of these three companies. Google has already occupied a leading position in the search field. Amazon is the leader in the b2 field, that is, the online retail field, and ebay is the number one in the online auction industry. I have also seen the leaders of these three companies. They are all operating in the Internet industry and have very clear strategic plans for the industrial positioning and future company development strategies. Moreover, they are all Internet companies that have persisted in the Internet bubble and can expand. So I think the future of these three companies is limitless!" Zhang Fan said seriously.

After Liu Dong nodded, "You are the president of Qingyang Venture Capital. Since you think the future of these three companies is limitless, then you can go and operate it. I will still be the same as before, only looking at the results!"

"Thank you for your trust!" Zhang Fan said hurriedly while breathing a sigh of relief.

"You're welcome. This trust is earned by your own hard work. Since the establishment of Qingyang Venture Capital, its performance has doubled in more than a year. You have made an indelible contribution!"

Liu Dong's words made Zhang Fan feel deeply relieved, and of course he was more confident in the next talks!

"Tell me, this time you took the risk to fly over to Phoenix, probably not just to report the company's performance, right?" Liu Dong said with a smile.

Upon hearing this, Zhang Fan also smiled and nodded. If Liu Dong had not stayed in Los Angeles for too short and he happened to be away, he would definitely not have chased Phoenix.

"Chairman, I ask you to invest another $200 million to enter Qingyang Venture Capital!"

Zhang Fan quickly explained his purpose, and he guessed it right from Liu Dong. He just came to ask for money, and it was a huge sum of money!

"200 million US dollars?" Liu Dong was a little surprised.

He didn't expect that Zhang Fan had such great ambitions.

Of course, this is also related to Liu Dong's previous strategy. His unscrupulous loan of 20 billion Chinese coins in China allowed Zhang Fan to see the huge energy in his boss. Therefore, Zhang Fan, who was eager for his company to achieve further development, naturally had greater confidence to make demands.

"That's right! Chairman, look!"

As he said that, Zhang Fan took out another document from his briefcase and handed it to Liu Dong.

"iq, Internet instant messaging?" Liu Dong said in surprise as he looked at the beginning of the document.

"Yes, Chairman! iq is an instant messaging software. In 1996, three Israelites, Weisger, Wadi and Gordefinger, got together and decided to develop a software that allows people to communicate quickly and directly on the Internet. They named the new software iq, which means "i sequelae (I look for you)".

"...As soon as this software was launched, it responded globally. With unprecedented creativity, it quickly had a large number of users around the world. Even in Asia, where the Internet was not very developed, the market user base accounted for 70% and 80% in China. In 1998, iq was acquired by American Online for US$407 million, and its number of users exceeded 10 million at this time."

"…In 1998, after purchasing iq online, the United States launched more functions such as 99a, 99b, 2000, etc., but at the same time, it added advertisements to iq. The built-in search function made the software bloated, plus the less popular advertising bar, and the launch of software such as msn mesenger and skype has given people who use iq a downward trend."

"In other words, this is a company that is on a downward tide!" Liu Dong said after hearing the introduction.

"Yes, Chairman! In 2000, when more than 80% of the world's Internet companies went bankrupt, and because of the wrong policies of the United States Online, the number of online users of iQ has dropped year by year. But now it is still the world's number one instant messaging software, with around 30 million users worldwide, which still has great value, so I think this is an opportunity for us!" Zhang Fan said.

Of course, this is also an opportunity for him. As an IT person, he is actually not good at investment, but corporate management, so he is likely to be able to control a large Internet company.

After a little thought, Liu Dong said: "Since you think it still has great value, I believe there are still many people who can see the value of this instant messaging software, but why is it still in the hands of American Online?"

"Chairman, there are many companies pursuing iQ, but American Online people are asking for too high prices. Coupled with the recent Internet bubble, capital has lowered its favor for the Internet industry. In addition, the profit prospects of instant messaging software are not too clear, so now iQ companies are still in the hands of American Online!" Zhang Fan said.

"Since that's the case, are you confident that after you acquire it, you can reverse the decline of iQ and turn losses into profits?"

After hearing this, Zhang Fan knew whether Liu Dong could agree to his acquisition plan. The key was whether he could come up with a solution that could perfectly solve these problems!

Of course, Zhang Fan has long been prepared for this issue!

"Chairman, the problem with iQ is mainly caused by the wrong business policies of the United States Online. Too many ad inserts affect the user experience, and too many feature collections not only affect the efficiency of iQ's opening, but also affect its most basic instant messaging function!"

"...So, if we take over iq, we can start from these two aspects, delete the unchanged search function, reduce the program kernel of the product, and return to iq's original instant messaging function! Simplify the window, remove permanent advertisements, and change it to connection-time advertisements, reduce the efficiency of advertising pop-ups...!"

From the documents prepared by Zhang Fan and his explanation, Liu Dong can see that Zhang Fan really put a lot of effort into solving its existing problems after acquiring iQ and making it have a better development.

However, Liu Dong is not a real business leader. He positioned himself as a "Liu Bang" character. He is not as good as Feng Jianhui in company management, and he is not as good as Zhang Fan in terms of understanding of the Internet. But as long as he can make these talented business talents work wholeheartedly for him!

Moreover, Zhang Fan's achievements in operating Qingyang Venture Capital over the past year also show that he is indeed a talent who truly has a deep understanding and control over the Internet.

So, after he finished speaking, Liu Dong thought about it and said, "If I agree with your plan, how much does it cost to get the iQ?"

Hearing this, Zhang Fan was shocked. He knew that his plan was finally coming true, so he hurriedly said: "It is estimated to be between 80 million and 120 million!"

"Are you sure?" Liu Dong said in surprise.

After all, this is a company that was worth $400 million when it was acquired in 1998.

"It's very certain, Chairman! The impact of the Nadasque crisis in 2000 on global Internet companies is decisive, and now is the time when this crisis reaches its bottom. Moreover, the outbreak of the September 11 incident has caused serious turmoil in the US economy, hindered the recovery of the Internet industry, and also affected the confidence of capital to enter the Internet industry now. In addition, the outbreak of the September 11 terrorist attack has also caused the stock of iQ's parent company, AOL and Time Warner, to fall seriously. I believe that as long as our price is right, they are willing to sell us the money-lossing goods!"

"Money-losing guy? Zhang Fan, I feel very unconfident when you say this!" Liu Dong shook his head and smiled.

"Chairman, I believe this is an opportunity for us. With the help of the good foundation laid by iQ, I am confident that I can make it the world's number one instant messaging software!" Zhang Fan immediately assured.

After nodding, Liu Dong said: "I know, if I hadn't had confidence in you, I wouldn't have heard you say it's been so long!"

"So, Chairman, have you agreed?" Zhang Fan said in surprise.

"Of course, but I don't have that much money on hand now, but I can also guarantee you that at most, at the end of this month, I will transfer 200 million US dollars to the company's account at a low price!" Liu Dong said.

"Thank you for your trust, Chairman!" Zhang Fan stood up and said excitedly.

"Hey, don't rush to thank me for now. I'm still saying the same thing. I only look at the results!... In addition, I will give you a year to adjust the company. If I can't see the increase in iQ's revenue or number of online users in a year, then I will replace you or sell the company without hesitation!" Liu Dong said seriously.

Of course, this is also a goal he set for Zhang Fan, and it is also an inspiration!

"Don't worry, Chairman, I will definitely not let you down!" Zhang Fan said confidently.

After seeing off Zhang Fan, Liu Dong also began to prepare to fly directly from Phoenix to Vancouver!
Chapter completed!