Chapter 232 Portal Website Financing

Looking at his own businesses, Zhao Ye probably thinks that only the internet industry and the HarmonyOS operating system are what the West fears most.

HarmonyOS completely outperforms Windows and holds an absolute market dominance in Europe.

However, the HarmonyOS system will definitely not be given away.

As for internet companies, they can raise large amounts of capital to inflate the internet bubble, while Wujiang Group can find an opportunity to cash out and then buy back at the bottom when the internet bubble bursts.

The highest level of business is making money with other people's money.

Currently, all the websites under Wujiang Group are burning through cash, which is a good opportunity to raise funds and use investors' money.

Wujiang Portal has the highest traffic and is also the website most favored by investors.

Let's start by having Wujiang Portal set an example, showing people the website's enormous "potential" and valuation.

This time, there's no need to exclude American capital; after all, in the Western world, it doesn't matter whose money you cheat.

Zhao Ye immediately relayed his decision to others, instructing Wujiang Portal to prepare for fundraising.

Sheila Church finished reading the pop-up ad very slowly, and then she felt excited.

...

Clearly, the advertising on Xinjiang's portal website is ineffective.

He paused, then added, "We can't release it immediately. Tonight at 8 PM, the Xinjiang portal website will add a Zhao Ye feature and notify all users via a pop-up ad!!!"

"Perhaps by next year, the number of internet users worldwide will exceed 200 million!"

"You valued Youjiang Portal at $20 billion. Do you doubt that any other company can compete with Sequoia Capital?" Don Valentine said confidently.

It just achieved commercialization and generated $500 million in revenue. Isn't that amazing? Or should we hurry up and invest our checks in the Youjiang portal website?

...

As soon as he finished speaking, everyone was stunned. The unusual valuation was based on a multiple of PE.

The young man looked at you, and you looked at him, their brows furrowed. They were very satisfied, but for the sake of investing in the Youjiang portal website, what did it matter if they accepted a shareholding structure of "one share, few votes"?

We were all very interested in Pei Wan, not to mention the rest of us.

There were still fewer than ten investment companies on the remaining list.

...

Holy crap, this scene is so beautiful, it's unbelievable...

If there weren't 6 billion internet users worldwide, given the current dominant position of Xinjiang's portal websites, their annual revenue would at most exceed $100 billion.

Blogs are a product of later generations, and they know very little about methods for monetizing traffic. However, currently, advertising monetization is the slowest and most achievable method.

"It is a personal 'Reader's Digest' for the internet age, an online diary accessed through hyperlinks, representing a new way of living, working, and learning!"

"You should first tell me about the financing requirements of the Xinjiang portal website."

That very evening, nearly a million people posted their first Zhao Ye profile.

"Almost every internet user logs onto Xinjiang's portal website to browse various news, post comments, or make friends..."

It's said that Zhao Ye has become a sensation!

Moreover, Longteng Internet Cafe is more like a catfish, stimulating the entire internet cafe industry and enabling it to flourish worldwide.

In just over seventy days, all the ads on the Xinjiang portal website were sold out. These ads were calculated on a quarterly basis, and the Xinjiang portal website generated $500 million in revenue!

For our investment firms, the most important thing is not making money.

At 9 p.m. on October 1, 1993, Youjiang Group announced the quarterly advertising revenue of the Youjiang portal website.

Is he still lonely because he can share his thoughts?

"Oh no, boss!" everyone responded in unison, filled with anticipation.

The internet cannot reach tens of millions, or even hundreds of millions, of people to see an advertisement.

Thanks to the rapid and aggressive expansion of Tenglong Internet Cafe, the growth rate of the number of internet users worldwide is astonishing.

Currently, the number of internet users is only close to 100 million. If the number of internet users could increase tenfold, then the revenue of Xinjiang portal websites would not be able to exceed 20 billion US dollars!

Inside the meeting room, everyone's faces were flushed, clearly extremely excited.

Products that rarely advertise on Xinjiang's portal websites almost all see increased sales, and the growth rate is astonishing.

Seeing this, the advertisers, who rarely missed an opportunity, were dejected and secretly encouraged themselves to try their best to get the advertising space on the Youjiang portal website next time.

Users are spending more time on the Youjiang portal website.

Traffic to the Xinjiang portal website increased slightly, but user engagement also decreased.

Sequoia Capital, USA.

"Boss, after the financing, Youjiang Portal should proceed with commercialization and monetization as soon as possible, so that investors can see the huge profit potential of Youjiang Portal and thus increase the website's valuation!" Pei Wanye, CEO of Youjiang Portal, suggested.

Sheila Church is a photography enthusiast, and I'm also a loyal user of the Xinjiang portal website. I was browsing the news at the moment when an ad suddenly popped up.

"..."

It's certain that someone else will take over the Xinjiang portal website, meaning its valuation will be cut in half at most...

...

Meanwhile, Wujiang Group spokesperson Fu Xiaoyue held a press conference at around 5 p.m. that day to announce Wujiang's portal website's financing plan.

On the homepage of Wujiang Portal, a detailed plan for Wujiang Portal's financing was published.

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!