At this point, domestic internet companies such as NetEase, Sina, and Sohu were speechless when they heard that Wujiang Group was about to raise funds for Weibo and Twitter.

Damn, it's already the internet winter, and many investment companies are keeping their distance from internet companies.

Now, investment companies are scrambling to invest in Weibo and Twitter, which makes these internet companies look rather pathetic.

It's so enviable!

"Sanshi, should we at NetEase also launch a microblog? I've been looking into the microblog launched by Wujiang Group, and it's a truly ingenious idea!!! If microblogs are done well, they can be a powerful tool for controlling public opinion. At the same time, it's also a cash cow. Just by putting ads on every user's interface, the revenue will definitely be higher than that of portal websites!" A senior executive at NetEase said excitedly to Ding Sanshi.

Advertising revenue is linked to traffic, and Weibo's development model and user scale destined it to have much higher traffic than portal websites.

Furthermore, Weibo allows for targeted advertising to different users; for example, travel bloggers can be targeted with travel-related ads, while food bloggers can be targeted with food-related ads.

NetEase currently focuses primarily on its portal website and has not yet ventured into the gaming industry.

Weibo has only just been launched and is not difficult to develop. If companies enter this field now, it is still unknown who will ultimately prevail. NetEase may be able to get a share of the pie.

Ding Sanshi hesitated slightly. The Matthew effect is very strong in the Internet industry. "The strong get stronger and the weak get weaker." If NetEase develops Weibo, it may end up with nothing and suffer heavy losses.

However, it would be a shame if NetEase didn't seize such a good opportunity, and NetEase's investors might also be dissatisfied.

After thinking for three minutes, Ding Sanshi said in a deep voice, "Okay, let's make a Weibo too! President Xue, you organize the programmers to work overtime and try to develop the website within a week!"

Xue Mingtian laughed and said, "Haha, okay, no problem!"

Website development isn't particularly difficult. For an individual developer, it typically takes several months to develop a website, while a team can speed it up even more. If there are existing websites to learn from and emulate, the process can be even faster.

At this time, domestic internet companies such as Sina and Sohu also started to consider using microblogging.

They all organized their own teams and embarked on the path of plagiarism.

...

Major global investment firms are more optimistic about the Weibo and Twitter platforms launched by Wujiang Group.

On the morning of September 4th, representatives from investment companies arrived at Wujiang Building.

A unique investment negotiation meeting was held here.

Fu Xiaoyue stepped onto the stage and began to announce the development of Weibo and Twitter to the audience.

"As of now, Weibo has more than 30 million users, and Twitter has more than 50 million users."

"Page views (PV) reached 600 million on Weibo and 1.25 billion on Twitter."

The investors in the audience were all shocked as they listened to Fu Xiaoyue's introduction.

These numbers are incredible!

Weibo and Twitter are incredibly popular!

Fu Xiaoyue seemed oblivious to everyone's surprise and continued, "Both Weibo and Twitter have launched 'Trending Topics,' and both lists are very popular with users. Most users open Weibo or Twitter to see what's trending on Weibo or Twitter today!"

Upon hearing this, many people in the audience shared the same sentiment, and they also immediately checked the trending topics on Weibo or Twitter.

More and more people are getting their news from trending topics on Weibo or Twitter instead of reading newspapers or logging onto portal websites.

It is foreseeable that with the rise of microblogs and Twitter, even portal websites will decline.

In the future, many celebrities will undoubtedly try every means to climb the rankings to gain exposure, which will cost money, right? Of course, they'll have to pay Weibo and Twitter. Ultimately, who gets on the list is decided by the websites.

Fu Xiaoyue had finished her presentation. She took a sip of water, tossed her hair with her right hand, and looked at the representatives of various investment companies below the stage with a radiant smile.

"Representatives of investment companies, please begin submitting your bids. We will announce the list of bidding investors in half an hour!"

After saying this, Fu Xiaoyue left the stage.

Suddenly, the atmosphere in the audience became serious and eerie, with everyone present feeling like a rival to each other.

Everyone wants to get this investment opportunity.

No one is going to bother finding out what their competitors are valuing them at this moment.

Everyone remained silent, pondering how many numbers they should fill in to impress Wujiang Group.

Time passed slowly, and soon everyone had submitted their quotes to the staff of Wujiang Group.

Fu Xiaoyue and the others looked at the quotes, studied them for a while, and then finalized their decision.

Weibo's investors had to be state-owned enterprises. In the end, China International Capital Corporation Limited, CITIC Group Corporation Limited, and China Investment Corporation were selected, all of which are well-known, powerful, and influential state-owned enterprises in China.

Twitter's investors are mainly European and American companies, and Vanguard, Goldman Sachs and Sequoia Capital were ultimately selected.

As the investment representatives waited anxiously, Fu Xiaoyue finally appeared.

"Ladies and gentlemen, representatives of the investment companies whose names I will call out later, please stay. Everyone else may leave."

"The investment companies that received investment from Weibo are: China International Capital Corporation Limited, CITIC Group Corporation Limited, and China Investment Corporation."

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