Rebirth in 1984: Beginning with Han Card Development

What happens to the future when humanity loses its imagination?

That slogan created a sensation during the summer of 1984.

Back then, computers couldn't support Chinese input and co...

Chapter 250 Astonishing Revenue, Shocking the Entire Internet

In contrast, the United States has fallen behind Europe and even China in many areas, primarily in the internet and semiconductor sectors.

For example, ADSL is already popular in Europe, and the internet speed is very fast.

Meanwhile, in the United States, people are still using modems for dial-up, and the internet speed is as slow as a snail's pace.

Wujiang Group's ADSL has already created a patent barrier, and bypassing it will not be easy in the short term. The United States will have to make a lot of effort for little reward.

Moreover, the United States' fiber optic technology is not up to par.

Bypassing Wujiang Group's patents is equally difficult.

For various reasons, the development of the Internet in the United States has been much slower than in the previous era.

Nowadays, Americans look at Europeans using the internet with deep envy.

Zhao Ye already sensed that the United States was losing its grip on the issue and would loosen restrictions on Wujiang Group, allowing some of Wujiang Group's products to enter the US market.

Especially in the internet industry, there are growing calls for Wujiang Group to enter the market.

Countless American internet users want to have fun on the Wujiang portal website, play games developed by Wujiang Group, and want Wujiang Group to provide more advanced ADSL technology to improve internet speed...

On March 1, 1995, Wujiang Portal announced that it had successfully raised $10 billion in its second round of financing!

The news shocked the world!

The internet industry is overjoyed. The higher the market value of the leading portal website, Wujiang, the higher the market value of other websites will rise as well.

Investors may have high expectations for them, not necessarily to grow into giants like Wujiang Portal, but to be satisfied with just one-tenth of that.

Once the website goes public, everyone will make a fortune.

At this moment, countless entrepreneurs are planning to enter the internet industry. They seem to be on steroids, each dreaming that their website will become a boundless portal website!

Investors are the same; they act impulsively and don't care about the consequences. Even if you haven't written a single line of code for the website, as long as you have an idea, they'll invest!

From March 1st to March 11th, tens of thousands of internet companies worldwide applied for registration.

That's how the dot-com bubble formed.

Wujiang Portal secured funding at this point, and needless to say, continued to burn money, building data centers, purchasing servers, and fattening up the Wujiang Group.

When the dot-com bubble bursts and countless internet companies go bankrupt, Wujiang Portal's data center will become a burden, as no one will use it, and it will definitely suffer heavy losses. At that time, Wujiang Portal's stock price will definitely plummet, and Wujiang Group can take the opportunity to buy it at a low price.

But right now, the industry is just too good.

As new internet companies were established, most of them paid to use Wujiang Cloud Drive's features, bringing huge revenue to the Wujiang portal website.

This made the investors of Wujiang Portal very happy.

Therefore, they are even more eager for Wujiang Portal to enter the US market and then list on NASDAQ, which will be a feast for all shareholders!

Goldman Sachs, Sequoia Capital, Morgan Stanley, and other major financial institutions or their backers are all lobbying the US government right now.

The US authorities are under tremendous pressure right now.

This issue has had to be discussed multiple times.

Of course, American websites, primarily AOL, and their investors were reluctant to allow Wujiang Portal to enter the market, and thus obstructed it in every possible way.

However, there is a strong public demand from the American public for the inclusion of the Wujiang portal.

"It won't work. With the support of conglomerates and the public, we simply can't hold on any longer. In next year's US election, unless we give up the votes and sit idly by, we must make changes!" Clinton said with a heavy expression.

Those present fell silent. Clearly, everyone realized that Wujiang Portal's entry into the US market was an unstoppable trend...

On March 25, 1995, the US authorities finally succumbed to pressure and sent representatives to China, hoping to talk with the Wujiang Group...

(End of this chapter)