Chapter 316: 2.2 billion US dollars! The three giants of yin and yang! Chen Yansen: What is credit?
September 11, Yanjing International Conference Center, Conference Hall 1.
The nearly 2,000-square-meter indoor space is now packed with people. The ten-meter-high dome is shining with lights. Directly in front is a giant circular LED screen. Each seat is equipped with a touch-screen electronic screen and simultaneous interpretation headphones.
As soon as ten o'clock arrived, the presidents of the Industrial Information Association, the China Engineering Association and the Internet Association took turns to come on stage to deliver speeches.
It also presents awards such as the Outstanding Contribution Award and the Leading Technology Award to industry-leading companies in sub-sectors such as PC Internet, mobile Internet, Internet of Things, cloud computing, online marketing, and e-commerce.
To put it bluntly, it's just honor, without any benefit.
Companies such as Penguin, Ali, and Qiandu all won awards, and Yunsu Express won the Innovation Breakthrough Award for its electronic waybill technology.
Chen Yansen felt drowsy after listening to it. In his opinion, it was just a bunch of empty words and clichés with no value at all.
The chairmen of the three major operators, China Telecom, China Mobile and China Unicom, successively shared their views on the mobile Internet era.
But after all the talk, there was no mention of the policy of giving concessions.
If the restrictions on WIFI usage had not been lifted two years ago, with mobile data charges of 30 to 50 yuan per 1GB, users would not dare to turn on mobile data. How could the industry develop? "Just take your time. I don't want to wait any longer anyway."
Chen Yansen raised his eyelids and looked over the three giants. Some epoch-making products could not be sold in China, so they went overseas.
For example, the sales volume of Alexa smart speakers in overseas markets is three to four times that in China.
It was not until the host announced that Penguin CEO Ma Wenteng would speak that Chen Yansen showed some interest.
At this time, Ma Wenteng was in high spirits, obviously well rested. He was wearing a light blue suit and stood in front of the microphone and talked freely: "Penguin attaches great importance to mobile phone security and has invested heavily. In 2013, Penguin will invest no less than 1 billion in the security fund to protect the mobile phone security of users.
I personally strongly oppose some companies using the names of users and the excuse of security to recommend indistinguishable search results to users..."
Certain companies?
When Zhou Hongyi heard this, his face immediately darkened.
Although the 3Q war has come to an end, the conflict between Penguin and 360 has never ceased.
A month ago, 360 took the initiative to provoke the "3B search engine" war. Security software companies such as Penguin, Qiandu and Kingsoft formed a security alliance. On the surface, they wanted to crack down on phishing websites, but secretly banned 360's software.
Ma Wenteng's butt is crooked! Zhou Hongyi stared at Brother Ma on the stage, his eyes filled with anger, his mouth corners turned down, and his face was full of dissatisfaction.
Although Ma Wenteng did not mention anyone by name, anyone with a discerning eye knew who he was scolding.
Li Yanhong smiled faintly. In the 3B war, Qiandu and Penguin were on the same front. While mocking 360, Pony Ma also lightly praised Qiandu, which made him secretly happy.
Ten minutes later, Ma Wenteng finished his speech leisurely and returned to his seat.
Immediately afterwards, Zhou Hongyi took the stage to speak.
Seeing this, many dozing entrepreneurs straightened up and looked like they were watching a show.
They knew in their hearts that with Zhou Dapao's personality, he would never admit defeat and would most likely scold Penguin and Qiandu.
As expected, Zhou Hongyi spoke in a sarcastic tone as soon as he opened his mouth: "I know everyone wants to hear me spit, but the big guys above have criticized me several times, so I have been more careful with my words recently. I won't spit today."
The implication was that if there was no one to restrain him, he would have wanted to pick out Ma Wenteng and Li Yanhong and give them a good scolding.
Chen Yansen smiled and thought: Zhou Hongyi is not stupid.
In addition to domestic Internet companies, this Internet conference also invited overseas giants such as Microsoft, Sanxing, AMD, Apple, Qualcomm and Cisco. Although it feels good to curse people, it will embarrass the big guys above.
"Also, I would like to take this opportunity to clarify one thing. 360 has not poached any R&D engineers from Fetion, nor does it plan to launch an instant messaging software. Please rest assured, Xiao Ma."
"Mobile Internet is the general trend. As for instant messaging software, I prefer Lei Yijun's Xiaomi. It is said that Lei has invested a lot in Mi Chat."
Zhou Hongyi said with a smile, and in just a few words, he brought the topic to the competition between MiTalk and WeChat.
As soon as these words were spoken, the audience in the audience couldn't help but smile knowingly, secretly cursing Zhou Hongyi for being evil and openly trying to sow discord.
Lei Yijun looked at Zhou Hongyi with an increasingly unfriendly look.
"In fact, both MiTalk and WeChat have disruptive innovation spirits. When they gained access to the mobile Internet, they also had a huge impact on the operators' SMS business."
Zhou Hongyi continued to add fuel to the fire, trying his best to create hatred between Lei Yijun and Ma Wenteng.
In fact, he was not wrong. The existence of WeChat and MiTalk has indeed taken away a lot of the operators' SMS business.
After "scolding" for ten minutes, Zhou Hongyi finally walked off the stage with satisfaction.
Ma Wenteng and Zhou Hongyi's speeches were highly consistent, raising the industry influence of their own products, attacking competitors, and causing trouble for their peers.
Judging from the results, Zhou Hongyi is slightly better.
Then Li Yanhong took the stage. He had just been scolded for a long time by Zhou Hongyi, so naturally he wanted to retaliate. When talking about the development of the search engine industry, he secretly mocked 360 Search for having no technology and relying entirely on rogue tactics.
Chen Yansen looked around and saw that all the local bosses in Yanjing had sullen faces.
Qiandu, Penguin and 360 are iconic companies in China's Internet, but the speeches made by Li Yanhong, Ma Wenteng and Zhou Hongyi were totally disgraceful.
After Li Yanhong came down, Ma Liyun followed closely behind, and Chen Yansen ranked fifth.
In terms of age, he is the youngest one.
In terms of business achievements, Sunlink Capital is no less powerful than BAT. Some media even changed "BAT" to "BATS".
After Chen Yansen came to the stage, he did not wantonly criticize his competitors, but slowly introduced the research and development and production process of the Orange mobile phone, as well as the original intention of Yunsu Express to set up service points in the rural market.
Firstly, the e-commerce business will be extended to even the most rural towns.
Secondly, it provides a channel for "agricultural and sideline products to go online" to increase the income of township residents.
In addition, the article also focused on introducing products such as Kuaidi, Kuaipao, and AutoNavi Maps, and the changes they have brought to the lives of ordinary people.
It only took seven or eight minutes, but the amount of information was two or three times that of Li Yanhong and others.
After Chen Yansen, Dangdang's Li Guoqing, Jike's Deng Yaping, QQ Group's Liu Qiangdong, Kuaipao's Pei Yi, Google's Liu Yun, Youku's Gu Yongqiang, Microsoft's Lu Qi and others took the stage to share their views.
It was almost twelve o'clock when the morning's conference process was barely over.
After a two and a half hour break at noon, Chen Yansen wanted to go back to the hotel first, but as soon as he came out of the conference hall, he was stopped by Ma Wenteng, Lei Yijun, Yu Chendong and others, who invited him to have lunch at Yuelongju next to the conference center.
Chen Yansen declined for a moment, but seeing that Ma Wenteng was determined, he called Zhou Shouzhi, Pei Yi, Cheng Weixing, Huang Zheng and others to go to the appointment together.
Since the distance was only two hundred meters, the group decided to walk.
The participants from Senlian Capital followed Chen Yansen in a mighty and imposing manner.
When the reporters saw this scene, they quickly raised their cameras and pressed the shutter.
"What do you think about the online car-hailing market?" Ma Wenteng asked casually on the way to the restaurant.
Although Penguin participated in Kuaidi Dache's Series A and B financing rounds, he could not figure out Chen Yansen's true thoughts.
Didi Dache suffers a net loss of 300 million yuan every month, and Kuaidi Dache has a large user base, so it will only lose more.
Although Kuaidi Dache raised $500 million in its Series B round of financing, the money will be spent in less than a year at the current rate of spending in the subsidy war.
Will Penguin continue to invest in Kuaidi Dache at that time?
If I invest, it feels like throwing stones into water; if I don’t invest, it will undoubtedly affect my cooperative relationship with Senlian Capital.
"Li Yanhong wants to admit defeat?" Chen Yansen asked back.
"He wants to stop the subsidy war and limit the means of competition to products and services."
Ma Wenteng nodded and admitted it readily.
Li Yanhong doesn't want to seize market share by spending money, and he doesn't want to either.
"Boss Ma, it's not that I don't agree, but this kind of verbal agreement is not binding. I trust you, but I don't trust Li Yanhong."
Chen Yansen smiled and shook his head, firmly refusing.
The business world is like a battlefield. When things have reached the point of fighting with knives, and then suddenly a halt is called, who can guarantee that Li Yanhong will not do something shady behind the scenes?
“We can suspend it for a week to see the effect. Otherwise, if we keep fighting the subsidy war, how can we follow up the investment in Kuaidi Dache’s Series C round?”
Ma Wenteng looked at Chen Yansen with a serious expression.
"Okay, tell Li Yanhong that the instant discount for new customers will be adjusted back to 10 yuan, and the maximum subsidy for old customers will be 5 yuan per day. The subsidy per order on the driver side will be reduced to 2 yuan. It will be implemented tomorrow."
Chen Yansen thought for a while and said.
Since he could lose less, he certainly wouldn't refuse.
"No problem." Ma Wenteng agreed readily.
In fact, this proposal was not Li Yanhong's original intention. The real driving force behind the scenes was all the investment institutions of Kuaidi and Didi Dache.
Chen Yansen smiled slightly. He didn't know whether Li Yanhong would keep his promise, but he would definitely not honestly suspend the subsidy activities.
If Kuaidi Taxi APP cannot provide subsidies, then Kuaipao, Pinbei and Gaode Map will provide subsidies.
For example, if you order a 12 yuan takeout meal, you will get a 12 yuan coupon for a Kuaidi taxi. After placing an order on the Pinbei Mall, a link to receive the taxi coupon will pop up on the payment page.
There are so many noisy operations!
Are there any honest people in the business world? Five minutes later, everyone walked into Yuelongju and came to a magnificent box on the top floor.
As soon as Chen Yansen sat down, he saw Liu Qiangdong and a middle-aged woman passing by the door of the box.
“It’s Xu Xin from Today Capital.” Ma Wenteng followed his gaze and explained softly.
"If Xu Xin hadn't interfered, Mr. Ma's QQ group buying, Yixun.com and PaiPai.com would have been successfully sold."
Chen Yansen couldn't help but sigh.
As soon as the 815 price war between Dongfang, Suning, Dangdang and Gome ended, Li Guoqing exposed Liu Qiangdong's past on Weibo, saying bluntly that Dongfang's capital chain was about to break and would not survive September.
This caused chaos in Liu Qiangdong's supplier system. Merchants were afraid that Liu Qiangdong would use their payment for advertising, and they would not be able to settle the payment later.
At the critical moment, Xu Xin took out some money to help Liu Qiangdong get through it.
Now that OTPP has invested 400 million US dollars in Yidong, the funds are more abundant, and even the cooperation with Penguin's traffic portal has been temporarily shelved.
Ma Wenteng laughed dryly and did not say anything.
He will not interfere with the cooperation between Senlian Capital and 360. Conversely, Chen Yansen will not be able to shake Penguin's strategic layout in the e-commerce industry.
After lunch, Chen Yansen took a car back to the hotel to rest.
At 2:30 in the afternoon, the sub-forum exchange meeting officially opened, and the project leaders of various subsidiaries under Senlian immediately dispersed to look for business opportunities.
Chen Yansen brought Gao Weilin and Song Yuncheng, and met with the heads of Penguin, Goldman Sachs, Huake and Huaxin. They found a small meeting room and signed an investment intention agreement for Pinbei's Series B financing.
The financing amount is 2.2 billion US dollars, led by Penguin, followed by Goldman Sachs, Huake and Huaxia, and the post-investment valuation is as high as 22 billion US dollars.
Whether it is daily active users, platform transaction volume, or project valuation, Pinbei’s second place ranking in e-commerce is undisputed.
After all, after Liu Qiangdong obtained 400 million US dollars in financing from OTPP, the valuation of QQ was only 8 billion US dollars, less than half of Pinbei.
The next morning.
When Chen Yansen, Pei Yi and others were having breakfast in the hotel restaurant, Pei Yi's face darkened instantly after receiving a phone call. He subconsciously looked up at Chen Yansen, and then arranged in an orderly manner: "Let colleagues from the administrative and legal departments come forward to reduce the impact of this incident..."
After he hung up the phone, Chen Yansen asked, "What happened?"
"When the sales staff in the Northeast market were communicating with the merchants, they encountered some minor friction with the business representatives of Meituan, Dianping and Lashou."
Pei Yi frowned, pondered for more than ten seconds, and then spoke in a tactful way.
"You didn't suffer any loss, did you?" Chen Yansen asked again.
"No." Pei Yi replied quickly.
"Yeah." Chen Yansen responded and didn't ask any more questions.
With his extraordinary hearing ability, he naturally heard it clearly. In the group buying and takeout market in 2012, it was normal for sales staff to fight with each other in order to compete for merchant resources.
This is the first time such a thing has happened in Shanghai, but it will not be the last.
Generally speaking, colleagues from the administrative department are responsible for visiting injured employees in the hospital, and colleagues from the legal department are responsible for going to the inspection office to rescue people. Pei Yi's experience in handling this aspect has also become more mature.
In the next few days, I attended Internet conferences during the day and dealt with drinking parties from all walks of life at night.
After four consecutive days, Zhou Shouzhi, Gao Weilin, Pei Yi and others, who were usually full of energy, all looked tired.
Fortunately, the results were fruitful, and a number of letters of intent for cooperation were signed in the areas of advertising, commercial monetization, joint cooperation and information copyright.
For example, AutoNavi and Ctrip have reached a cooperation in advertising resource placement and product shopping guides. When users use navigation services, AutoNavi will recommend corresponding travel packages and attraction tickets on the destination interface.
In order to improve work efficiency, Dongfang and Suning’s self-built logistics also purchased Yunsu Express’s electronic waybill technology patent.
On the evening of September 14, Chen Yansen returned to Xucheng by plane.
On the other side, Li Yanhong had just returned to the office when Xiang Hailong knocked on the door and walked in. "Boss, Kuaidi Taxi is not trustworthy. They did cancel their APP subsidies, but added a bunch of subsidy activities to Kuaipao, Pinbei and AutoNavi Maps."
"Let LaShou and Qiandu Map follow up immediately." Li Yanhong made the decision without any hesitation.
(End of this chapter)
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