From Becoming Penguin's Major Shareholder to Building an Entertainment Empire

Note that this book is a slow-burn novel, and it will become increasingly exciting as the story progresses.

It starts from 2002, beginning at the Beijing Film Academy, and starting with the H...

Chapter 417 Creating a Wealth Myth

"Let me tell you about the future development direction of the penguin, which is also the future development direction of the Internet."

"Currently, the most mature technology is web search, which helps us collect all kinds of information. We only need to enter keywords to find the relevant information we need. The most typical examples are Baidu and Google, these portal search engines. They help people find answers and solve many problems."

"Then there are online communication services, which are divided into two main categories: email and instant messaging. The current online instant messaging service is not yet very mature, but online video services will be developed in the future. No matter where you are in the world, you can see each other through online video, thus building a bridge for global communication."

"Another major service of online communities is dating websites, also known as QQ. Through dating websites, we can make friends from all over the world; through blogs, we can record our feelings about life, study, and work, and share them with netizens online."

"Then there is online entertainment, which mainly includes online games, online music, and online videos, enriching human spiritual civilization and achieving diversified development."

"Then there is the development of commerce through the Internet. E-commerce is an important network application closely related to the lives of netizens. Through online payment and online transactions, sellers can sell their goods to the world at a very low cost, and buyers can buy their favorite goods at a very low price."

"There's also online finance, which mainly includes online banking and online stock trading. Customers who open online banking accounts can transfer money, make payments, and trade foreign exchange online. Stock investors can buy and sell stocks and funds and transfer funds online. In the future, cash and credit cards will be replaced by virtual currencies. People will only need to scan their faces or use fingerprint authentication to conduct transactions and buy goods from all over the world without leaving home."

"Online education, including online schools, distance education, and exam preparation courses, is permeating traditional teaching activities. By paying, one can obtain a login account and password, and then log in to the website at any time to study or participate in exam preparation... and so on, providing convenient services."

The stories Shen Fang told about Liu Tianxian, Fan Xiaopang, and Chen Huilin sounded like gibberish to him; he couldn't understand them at all. But it wasn't that he didn't understand them; it was just that he hadn't experienced the changes Shen Fang described and couldn't imagine them. The internet has developed too fast, especially e-commerce platforms, online virtual currency transactions, and technological advancements. If Shen Fang hadn't been reborn, he wouldn't have been able to imagine how quickly things would have developed.

Back in the early 2000s, could you imagine a future where you could complete work on your phone, browse the internet, and buy things with just a tap to complete the transaction? These things wouldn't have existed until they did.

However, this did not hinder the three girls' admiration for Shen Fang. Shen Fang, with Fan Xiaopang's big white legs as his head, looked up at the starry sky and fell asleep involuntarily.

As dawn broke, major media outlets began reporting on the event, especially in China where it had already created a sensation. Shen Fang, Little Ma, the Four Great Kings, Ding Sanshi, and Zhang Zhidong were all featured prominently in the news.

"Tencent listed on the Hong Kong Stock Exchange, with a valuation exceeding 30 billion!!!"

"Tencent's IPO creates a wealth legend!!!"

"The eight penguin brothers are rampaging through the streets of Hong Kong!!!"

"Tencent's IPO: The spring of the internet has arrived!!!"

"Penguins will become a behemoth in a new industry!!!"

"A Wealth Legend, the Era of Young People!!!"

"From nothing to the top, let me introduce you to penguins!!!"

......

The most attention-grabbing news is...

"19-year-old becomes a billionaire overnight with a net worth of 7.5 billion RMB!!! China's richest 19-year-old creates a wealth myth!!!" The photo directly shows Shen Fang looking dashing at the Hong Kong Stock Exchange yesterday.

This completely shocked the entire nation; he became the richest person in China at the age of 19!

A net worth of 7.5 billion?! That's a huge sum in 2003, man!

Suddenly, a wave of excitement swept through the internet industry! Sohu's IPO already demonstrated the value of the internet, and now Tencent has emerged. Is the internet downturn finally over?

Tencent has now surpassed Zhang Chaoyang. Keep in mind that Sohu is listed on NASDAQ, while Tencent, listed on the Hong Kong Stock Exchange, has managed to obtain such a high valuation.

Sohu Building in Beijing.

Inside the president's office, Zhang Chaoyang looked very displeased. As the godfather of the Chinese internet, he had actually been surpassed. Sohu went public in 2000, with a market value of 27 billion yuan, all under his leadership.

He was the most influential person on the internet. Now he's been surpassed! He's really unhappy. He knows Pony Ma (Ma Huateng, Tencent's parent company), and to be honest, he didn't think Pony Ma's company, Tencent, could reach this level. He never expected that after going out and making waves, he would be surpassed.

"Dry!!!"

He was particularly annoyed by Shen Fang's face in the newspaper. "Why the hell do you have to be so handsome?! There's no way there's a man this handsome in our IT industry!!!"

Sohu once had many accolades: it became one of the top three portal websites in China within two years of its founding, and successfully went public in the United States within three years.

As a company standing at the center of the internet stage, Tencent even had investors hoping to sell it to Sohu.

However, he was rejected by Pony Ma, and Zhang Chaoyang also looked down on Tencent because he didn't know how Tencent would make a profit.

Zhang Chaoyang, the founder of Sohu, enjoyed immense success. He had interviewed Lu Yun and Lei Jun, and boasted, "I am the most famous and richest person in China."

Ding Sanshi of NetEase also stated that before 2000, Zhang Chaoyang was the most influential figure in the Chinese internet industry. Zhang Chaoyang is undoubtedly a veteran-level internet godfather in China.

But at the peak of Sohu's success, Zhang Chaoyang chose to enjoy life to the fullest, including hiking with celebrities and appearing on the covers of fashion magazines.

Moreover, Sohu is truly the "Whampoa Military Academy" of the internet industry; many founders of well-known internet companies have worked at Sohu, but I'll elaborate on that later...

"Summon them immediately: Li Xueling, Gu Yongqiang, Gong Yu, Chen Yizhou, Li Shanyou, Lü Gang, Yu Qingmu... Let's have a meeting. Sohu's diversification strategy needs to be launched!!!"

The secretary nodded hurriedly and said, "Yes, Mr. Zhang!!!"

......