These three are real big shots. China Mobile was established in the early 2000s. It's a state-owned enterprise with a registered capital of 200 billion yuan! That's right, 200 billion yuan.
China Unicom has not yet officially merged with China Netcom, which is the main reason why China Unicom's market share cannot compete with China Mobile. It was not until 2009 that China Unicom officially merged.
Then there's China Telecom, the big brother, whose main business is still network services in China, and they don't care much about mobile phone operations.
All three companies are state-owned enterprises, unlike Shen Fang's. However, the identities of the three are beyond Shen Fang's reach. Inviting the three of them this time was also a way of giving Shen Fang face.
At this moment, Ren Zhengfei, Shen Wei, Chen Mingyong, Hou Weigui, Liu Lirong, Duan Yongping, Chen Tianqiao, Lei Jun, Liu Qiangdong, Zhang Chaoyang of Sina, Li Yanhong, Luo Yonghao, and other industry leaders and future leaders have all arrived.
They congratulated Shen Fang and gave him a thumbs up.
Not for any other reason, nor for any other purpose, but simply because of what Chen Fang said today: to make mobile phones that are our own Chinese people, and to create a national brand that we Chinese people can be proud of.
They taught everyone present a lesson; this is what true righteousness is! These entrepreneurs today create their businesses with a belief; they want to be trendsetters, to make a name for themselves, and to accomplish great things.
"Mr. Shen, I've long admired your name, it's a pleasure to finally meet you."
Lei Jun looked at Shen Fang with great admiration. Penguin Brother, Lei Jun was very clear about Penguin's success. Pony Ma and he were best friends. He knew Penguin's situation back then. Who would have thought that Shen Fang's appearance would directly change Penguin's fate and make it the leader in the Internet industry today? It wouldn't be an exaggeration to call him the godfather of the Internet.
Shen Fang smiled and asked, "Are you okay?"
Lei Jun: "Huh?"
o
Thank you!
Are you OK?
Hello!
Thank you!
Thank you very much!
Hello!
Thank you!
Thank you very much!
He He Hello!
Thank you!
Thank you very much!
He He He Hello!
Thank you!
...
Chen Fang's catchy "Are you ok?" left everyone bewildered, but Lei Jun inexplicably started dancing along, and the two of them really pulled off a stunt. To be honest, it actually sounded pretty good.
Ding Sanshi stared at the two of them, completely bewildered: "Wait? What's going on? Has Master Chen gone mad? And why is Lei Jun dancing so flamboyantly? What kind of chemical reaction is this?"
Shen Fang laughed loudly: "You jumped well."
Lei Jun scratched his head sheepishly: "It's alright, not as flamboyant as Pony Ma. Mr. Shen, is this our first meeting? How come we feel like we've known each other for ages? And this song, why does it sound so familiar?"
Nonsense, this is your signature work!!! Boss!!!
"It's love at first sight, Lao Lei. Xiao Ma often mentions you to me. How have you been lately?"
Lei Jun scratched his head: "Not good. Recently, JD.com and Taobao are getting fiercer and fiercer. They've both found big investors and they have a whole set of tricks up their sleeves. My Joyo.com is losing market share like crazy. I don't know what to do. I've lost all motivation."
Shen Fang patted Lei Jun on the shoulder. To be honest, Lei Jun is indeed very capable. He founded Joyo.com, which was later acquired and renamed Amazon. That's right, Amazon's predecessor was Lei Jun's Joyo.com.
Lei Jun can be considered the pioneer of e-commerce in China. Lu Yun just got a bargain.
If Joyo.com, China's earliest e-commerce website, had not been acquired by Amazon, there might not be Taobao or JD.com in the future!
In the 1990s, Lei Jun established a business unit within Kingsoft Software, which was later renamed Joyo.com. Joyo.com initially focused on software consulting and download content, but the results were not very good. So in May 2000, Lei Jun brought in Chen Nian and Wang Shutong to transform Joyo.com into an e-commerce website.
At that time, Lei Jun came up with many ingenious marketing strategies, selling VCDs of popular movies and TV shows among young people, such as "A Chinese Odyssey" and "Tokyo Love Story," as well as various books. He even established one of the earliest self-built logistics systems in China. However, the problem was that although Joyo.com occupied 90% of the domestic B2C e-commerce market at the time, the era of e-commerce had not yet arrived, and Joyo.com faced considerable difficulties in raising funds.
Just then, Amazon launched its expansion into the Chinese market. Due to difficulties in securing funding and the interests of Kingsoft's shareholders, Joyo.com was sold, becoming today's "Amazon China." Lei Jun later stated: "Selling Joyo.com was like selling my children; forgetting about it is like quitting smoking."
It's regrettable that the era of e-commerce arrived just a few years after Joyo.com was sold. Had Joyo.com not been sold, under Lei Jun's leadership, its strong market foundation would likely have allowed it to dominate the domestic e-commerce market. In that case, Taobao and JD.com might have lost out in the fierce competition, and Joyo.com would likely have reigned supreme.
However, Lei Jun later built Xiaomi. In 2007, he sold Joyo.com for $75 million. In 2007, he became a winner in life, with a lot of money. There were few people in China with more cash flow than him. He didn't indulge in pleasure and built another business empire.
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