Chapter 401 Joint Meeting (4172)

No. 38, Taiyindian South Street, Xinhao.

Even in such a hot day, Zhou Shuzi was still wearing a three-piece suit. It was probably because the air conditioning here was turned on high enough, otherwise he would have suffered from heatstroke long ago.

Outside No. 38 was a closed-door military green business car convoy, with security guards standing straight and meticulous. At the door of the conference room stood two young men in security uniforms, with crew cuts, thin builds, sharp eyes, and taut muscles.

In the small conference room, dozens of people were standing densely. Some were whispering to each other, and some were talking and laughing loudly. It was obvious that almost everyone knew someone present.

If you take a photo of these people, it will probably go viral on the Internet within half an hour.

Erma from Tengxun Ali, Lei Jun from Yinshan Rice, Daqiangzi from JD.com, Wang Xing from Maituan, Zhang Yiming from Toutiao, Ding Lei from Zhuchang, Zhang Chaoyang from Sohu, Shen Nanpeng from Hongshan, Liang Jianzhang from Xiecheng, Qiu Hongyi from 720...

There were so many twenty or thirty people that if I hadn't told you, just looking at the lineup, I would have thought the Nanhu Internet Conference in November had been moved forward.

And basically all the people who came were bosses. Apart from him, it seemed that only Cai Chongxin was present, a professional manager like Zhou Shuzi.

It truly represents half of the Great Zhou Internet.

More than half.

If calculated based on the market value and valuation of these people and the companies they invest in, almost the entire country is here.

But it's understandable. After all, everyone wants to get a piece of the fat meat like Qianxun. Since the competent authorities have invited them to determine the relief plan, there is no reason not to come.

Although the search market has changed, Qianxun’s assets are inherently valuable, and very valuable!

Especially in the upcoming AI era, Qianxun's data accumulation far exceeds that of any other Internet company. It can be said that whoever controls Qianxun will have the best data source for the domestic Internet!

Moreover, after so many years, Qianxun still ranks first in user recognition in the search market. After restoring access, it can reconstruct the search engine with an AI engine similar to Ysou and lay off more than 90% of Qianxun's employees. It is not impossible for it to compete with Ysou and return its market value to 30 billion yuan.

After all, in the past, Qianxun’s stock price was undervalued due to its bad reputation and the capital market’s pessimism about its operating model.

Those who were invited to attend the conference today are at least companies that the higher authorities believe can help Qianxun’s predicament.

The value of this conference is much higher than that of the Nanhu Internet Conference with 3,000 people.

Fang Yu and Zhou Shuzi walked into the conference room one after another, and immediately more than a dozen pairs of eyes stared at them.

"Student Xiao Fang! Give me this!"

Seeing Fang Yu and Zhou Shuzi, Lei Jun came up to greet them with a smile, and took Fang Yu's arm: "You are such an enviable entrepreneur. You throw everything to us Shuzi. I think he has lost nearly ten pounds in the past few months, right?"

After saying that, Lei Jun patted Zhou Shuzi on the back and said, "This kid is too cruel to his people. It's not fair. Just come back. I'll ask Binzhi to make room for you."

Zhao Binzhi is the new CFO of Da Mi. He was also a veteran of Da Mi. After Zhou Shuzi left, Lei Jun promoted Zhao Binzhi to this position.

Zhou Shuzi greeted his old leader with a smile on his face.

"Mr. Ma just asked me if you would come. I thought you would leave it to Shu Zi to deal with again this time." Lei Jun looked in the direction of Er Ma three meters away.

Fang Yu laughed and said, "Which Mr. Ma?"

Lei Jun hit the nail on the head: "The ugly one."

The two men were talking loudly, not even thinking about backing anyone. Ma Yun, who was bragging to Shuai Ma and Da Qiangzi, overheard them and came over without any hesitation: "Boss Lei, don't talk nonsense. I'm the most handsome man in Da Zhou, certified by Weibo."

At the beginning of last year, a Weibo account held a vote for the most handsome man. As a result, Ma Yun won the title with a huge lead over the second place Wu Yanzu.

Fang Yu and Ma Yun had naturally met before. After Orange Big Model defeated AlphaGo, Ali was one of the first large companies to cooperate with Youzi Technology. Ma Yun even visited Youzi Technology three times and proposed to acquire Youzi Technology during that period. Of course, Fang Yu did not agree.

"Boss Ma has been in a high position for so long that he's out of touch with reality. He's acting like a tyrant, and he even believes such slander. Brother Shuzi, you must remind me that if anyone in the company praises me like this in the future, I must get rid of him immediately."

Fang Yu first smiled and nodded to greet the quiet Shuai Ma who was three meters away, and then he smiled and shook hands with Ma Yun.

Hearing Fang Yu's teasing of Ma Yun, Zhou Shuzi shook his head and said jokingly, "That's difficult. If that happens, there won't be many people left at Youzi Technology and Ysou."

Holy shit! This flattery feels so good!

Ma Yun and Lei Jun both burst into laughter: "Shuzi, it seems that Xiao Fang is reluctant to kill you."

After chatting and laughing for a while, Ma Yun started to find trouble again, looking up at Fang Yu: "By the way, I heard Huang Jian's report a few days ago. He said that our middle platform was successful thanks to our cooperation with you; but our middle platform was not good enough, and it was also because of our cooperation with you that you didn't use the best things on us." (This sentence is so Ma Yun-like, I give myself a thumbs up)

Huang Jian was the former CTO of Ali and the father of Ali Cloud. He is an expert among experts in architecture and big data, and a technical leader. After stepping down as CTO at the beginning of the year, he still serves on the Ali Technical Committee.

Hua Zecheng of Youzi Technology was once Huang Jian’s student and was almost recruited into Ali by Huang Jian.

Yuzu Technology did not use the best large model in the Ali middle platform. The performance is even worse than the publicly released Orange 2.5P. It is only slightly better than the open source 1.99, and has made certain adjustments to meet Ali's needs.

But this is not because they don't want to give it to Ahri, but rather the result of internal struggle and compromise among Ahri.

Originally, the large model solution that Youzi Technology developed for Ali's middle platform was more efficient, but later several executives in charge of review and acceptance at Ali found it difficult and refused to accept it.

Finally, after private communication between the employees of Youzi Technology and Ali, they discovered that these executives felt that the large model was too powerful and excessively eroded their power space, so they refused to approve it.

In the end, Youzi Technology had no choice but to reduce performance and cancel several functional modules before it successfully received the final payment.

Fang Yu smiled. Of course, it was impossible for him to sell out Ali's senior management. Who would do business with him then?

"Mr. Ma, a company as large as Ali prioritizes risk control over efficiency. I'd like to use you as an experiment and give you access to our best models, but your technical team is a bit overly responsible, raising dozens of risk items and still giving our project team daily feedback, which is really frustrating."

"I'm telling you, your people are such workaholics, they stay up all day practicing Taoism. They send emails at 2 a.m., and then see a guy in our group still hasn't read his email at 3 a.m., so they keep Dingding him. I'm telling you, if you keep this up, there's no one left in our company to work for you."

"However, you guys are also making large models yourself, so I'm afraid I'll be kicked out of my supplier status soon. I'll have to take advantage of this time to ask you for more service fees."

Sure enough, when Ma Yun heard that his employees did not work more than 996 every day, he was very happy. Just as he was about to brag about his management philosophy to educate the young entrepreneurs, he suddenly heard hurried footsteps coming from outside.

Several middle-aged men in dark suits walked in, their expressions stern and silent. They didn't greet anyone, but simply glanced around quickly, clearly making a final on-site confirmation.

The chatter and laughter in the room gradually died down, and several middle-aged men in dark suits prompted everyone to take their seats. These Internet tycoons who were so influential outside all looked at each other and sat down on the folding chairs behind their table signs.

Fang Yu's position was right in the middle of the row behind the ugly horse and the handsome horse.

Ma Yun swiped his phone and turned around casually: "Boss Fang, have you heard? I heard that today's meeting is not going to be easy. The higher-ups are not here to hold a meeting, but to make a decision. If that's the case... this time, we may not be here to discuss cooperation, but to accept a task."

Fang Yu laughed and said, "If the sky falls, we have two tall men like Mr. Ma to hold it up. At the very least, we still have group buying and Toutiao. What's there for small companies like us to be afraid of?"

Ma Yun cursed the boy in his heart for being cunning. He looked at Fang Yu, who was a head taller than him even when he was sitting. He felt uncomfortable listening to Fang Yu's words.

Is this guy mocking me?

Not long after, several middle-aged and elderly people in their fifties and sixties wearing short-sleeved shirts entered the conference room one after another and sat down in front of the large oval conference table that could accommodate more than twenty people.

Hiss~ The specifications now seem really high.

Qiao Situ, the Minister of Winter, Wang Fujun, the Prince of Yian, Zhang Siqing, the Minister of the Imperial Court, and the Chief of the Beisi (Baisi) of the Ministry of Regulation...

Basically, I can call out their names as soon as I see their faces.

Several staff members began to distribute a document to each person, and specifically reminded them in a low voice not to look at it in advance.

The cover of the document reads "Qianxun Company Market Risk Assessment and Relief Plan Research Report"

"Thank you very much to all the entrepreneurs for taking the time to attend this meeting. I think you all know each other, so I won't introduce you in detail."

After the documents were distributed, Qiao Situ in the middle knocked on the microphone to make sure there was a sound, then coughed and made an opening statement.

"I believe everyone knows why we are holding this meeting. Qianxun's current situation is not just a problem for Qianxun itself, but a crisis faced by all internet companies in the Greater Zhou Dynasty."

"We've invited all of you entrepreneurs here this time to find the best solution to the market crisis. We need everyone to pool their wisdom and come up with feasible market stabilization and asset restructuring plans to restore market order as quickly as possible and minimize the negative impact on Da Zhou caused by this incident."

As soon as Qiao Situ said a few words, the expressions of the Internet giants present at the scene changed slightly, and their attention became obviously more focused.

Come on, let’s see what the rules are and how to get this piece of fat!

Every big boss who felt that he was qualified to have a piece of the pie could not help but lean forward and concentrate.

Only Zhang Chaoyang from Sohu was looking at this and that, with a look of disinterest on his face.

"Market problems must be solved primarily by the market. Qianxun's situation is somewhat unique. As a near-monopolistic search engine company in China, it's suddenly faced with such a dilemma. If it's not handled properly, it could cause irreparable losses to the Great Zhou."

"Especially in terms of data security, we will not allow our core data to be lost due to problems with Qianxun. This is a major premise."

"Your responsibility is to solve the problem, and our responsibility is to monitor and manage how you solve the problem in a safe manner."

"The normal operation of the market depends on a stable supply of data and services. As a core domestic internet infrastructure, the prolonged outage of Qianxun will not only lead to a service gap, but is also likely to trigger systemic risks in the capital market and affect foreign investors' confidence in the Dazhou market."

"Furthermore, Qianxun's position as a node in the international data chain also gives this crisis a serious international impact. We must not allow the crisis to continue to escalate and lead to unnecessary regulatory and foreign affairs pressure."

Qiao Situ paused and looked around at the faces of everyone present. There was almost no sound except breathing.

Fang Yu was sitting behind Erma and couldn't see Erma's expression, but he could see the thoughtful look on Wang Xing's face opposite him.

The other entrepreneurs also did not make any movement, except for the occasional sound of their clothes rubbing against the chairs when they changed their sitting positions.

"Mr. Wang, you are the responsible unit. Please tell us the details." Qiao Situ nodded, picked up the teacup on the table and took a sip.

Wang Fujun nodded seriously, took off his glasses, reached out to pick up the document in front of him, flipped through it, and put his glasses back on.

"Today, there are 22 companies participating in the meeting, including 17 internet companies and 5 investment institutions that are relatively active in the domestic high-tech investment market."

"After three days of research, we can basically confirm that Qianxun can no longer survive this crisis on its own. The details are in the report in front of you. You can take a look."

When everyone heard that they could finally read the report, they couldn't wait to read it.

Hiss~ Robert Lee is so evil. More than half of the company's cash flow has been lost. Just looking at the debts and liabilities, the company will soon be insolvent.

But Internet companies cannot just look at these things. They also have to see whether the business can run normally. If it can, they will not lose money!

I don’t know what exactly is wrong with Chihiro, but as long as it is a problem, there must be a way to solve it. All we lack is time.

This time Qianxun fell, but she changed her boss, cleared her reputation, and maybe even got reborn.

Cash flow is indeed a problem. Another question is that even if Qianxun is reborn, can she defeat Ysou?

Furthermore, if you were to acquire Qianxun, how much would it cost? What would the overall cost be? Are there any more cost-effective options?

"Based on our research, we believe the only solution to Qianxun's current predicament is a merger and reorganization, with a capable company taking over all of Qianxun's debts and liabilities and restoring it to normal operations in the shortest possible time."

"But we also believe that Qianxun, as the internet infrastructure of the Great Zhou Dynasty, upholds the spirit of responsibility to the people and enterprises and cannot be blindly acquired. Companies interested in participating in the acquisition must pass the qualification review of Yi'an Prefecture, Taifu Temple, and Dongguan Commercial Affairs Bureau. The review standards are on page 7 of the report."

(End of this chapter)