Chapter 403: What level do you dare to question me? (5000)
Fang Yu?
ByteDance is not participating, but Youzi Technology is going to participate?
Ma Yun stared at Fang Yu with his Gollum-like eyes, but saw Fang Yu smiling at him harmlessly.
Do you want to replace Qianxun and dominate the search market?
Ma Yun's eyes flickered. It seemed that many of his previous speculations had to be re-examined.
If Ma Yun was just surprised, then ByteDance's Zhang Yiming was a pleasant surprise.
No need for translation, he knew what a fucking surprise was.
The surprise is that the main competitor, who may be his own mortal enemy, could not resist the temptation of Qianxun's fat piece of meat and is about to turn to her!
No, it cannot be said to be a turn, but rather a return to the search track!
Just as Ali and Penguin pay attention to ByteDance, Zhang Yiming is actually most concerned about Youzi Technology!
Ever since Youzi Technology emerged more than half a year ago, he believed that his biggest competitor in the future would not be Penguin, which monopolized the social network of acquaintances, nor Ali, which occupied half of the e-commerce market, but Youzi Technology, which developed large-scale artificial intelligence models!
He started out in the field of algorithms, and no entrepreneur here knows better than him the terrifying strength of Youzi Technology in the field of algorithms.
It is just a semi-public DBAS algorithm of the other party. Even though Byte's algorithm experts know the principle of DBAS, they have not yet developed an algorithm with similar performance.
What's more, after their disassembly of Juzi1.99Dec, they found that there are countless algorithm models like DBAS in Orange's large model.
During that period, every time Zhang Yiming had a meeting with the R&D team, he would feel his scalp tingling. He was completely unable to understand how Youzi Technology came up with so many advanced algorithms.
In the era of big data, algorithms are the basis of all applications, just like the mental methods in martial arts novels. No matter how powerful the moves are, they still need algorithms to drive them.
At present, the best way for algorithms to monetize is through search and content distribution.
In fact, Zhang Yiming has been paying close attention to the developments of Youzi Technology over the past few months.
When Youzi Technology announced the establishment of Ysou, Zhang Yiming was really relieved.
They started to layout the content distribution industry more than a year ago, with short videos and live broadcasts as their entry point.
There is advertising market overlap and algorithm competition between search engines and content distribution platforms, but they are indeed two different business models and do not constitute direct competition. Since Youzi Technology has chosen the search track, at least it does not have to face such a powerful competitor directly in the short term.
When Ysou seized nearly half of Qianxun's market share with great momentum, Zhang Yiming was even more shocked.
He believed that he was the boss who valued Youzi Technology the most among all the major domestic companies, and he never thought that Ysou would be able to succeed so quickly.
In his opinion, it will take at least one to two years for Ysou to gain a foothold in this market. After about two and a half to three years, it will usher in a period of explosive growth and enter the stage of competing with Qianxun.
But no one would have expected that in just three months, Ysou would soar like a rocket and become the second largest search engine in Da Zhou, second only to Qianxun in market share.
Moreover, Ysou has a large number of overseas users, which is completely incomparable to Qianxun.
If these overseas users are included, the actual number of Ysou users has exceeded Qianxun!
Even with the help of black swan events such as the Qianxun outage, Ysou was able to retain these users and make them not want to use Qianxun again after using Ysou, which is also a near-miracle performance!
What makes him even more nervous is that Ysou is also going to enter the short video track!
Just as ByteDance’s short video project cannot be kept completely confidential, Ysou’s content distribution platform project cannot be kept completely confidential either.
A recruitment information alone is enough to reveal some directional information.
ByteDance has been planning its short video business for over a year, having started to build a team at the end of the previous year and began recruiting people on a large scale at this time last year, offering salaries that are double the market price to poach talent. It is widely speculated that 2 billion Da Zhou coins have been invested, but in fact it is far more than that.
ByteDance has invested nearly 300 million yuan just in purchasing the algorithm, and the actual R&D cost has already exceeded 1 billion yuan. If the subsequent publicity and promotion budget is added, ByteDance estimates that the total investment in this project will exceed 10 billion Da Zhou coins.
It can be said that this project has almost exhausted ByteDance’s financial reserves, and it is completely too late to change direction. If it fails this time, ByteDance’s future ceiling will be locked, and at most it will be similar to the current Sohu and Zhuchang.
The bottom line that Zhang Yiming set for this project is to become one of the top three in the short video field. Only in this way can he make a profit.
When Zhang Yiming heard that Ysou had also started to develop a short video platform, he almost didn't sleep well for a week.
Finally, after several meetings with several partners, Zhang Yiming made up his mind that he still needed to have strategic determination and not be afraid before the battle. He had to go all in on the short video track!
Therefore, Zhang Yiming stepped up the pace of the project. The short video platform, which was originally expected to be launched at the end of September, was further compressed to August. Even so, Zhang Yiming was still very nervous and asked the project team to speed up the progress, the sooner the better.
This is also the reason why Zhang Yiming remained unmoved when faced with the opportunity to acquire Qianxun.
But who would have thought that Fang Yu, the actual controller of Youzi Technology, would actually declare his intention to participate in the bidding for Qianxun at this time!?
If Ysou really swallowed Chihiro like a snake swallowing an elephant, it would take no less than a year just to digest Chihiro!
Moreover, whether it can be digested or whether it will be dragged to death is completely unknown.
In this world, there are countless examples of companies that seemingly swallowed an elephant but ended up suffering from indigestion and broken cash flow, leading to their sudden demise.
There are quite a few in the Great Zhou.
In that case, the only remaining competitors would be Speedy Hand and the video account that Penguin is developing.
Zhang Yiming looked at Fang Yu and felt relieved.
It seems that I was too nervous about Yuzi Technology before.
Fang Yu is still too young. He has no strategic determination at all. He changes direction as soon as he sees the benefits.
However, I heard that he is Chen Shi'an's nephew and Fang Daqiang's only son. As a second-generation rich man, he must be used to making quick money. No wonder.
Zhang Yiming, the son of a small boss, couldn't help but feel a kind of disdainful attitude towards Fang Yu, thinking, "Wait a minute, I'll stretch my legs."
But the question is, can Youzi Technology compete with Ali and Penguin?
Thinking of this, Zhang Yiming couldn't help but feel a little worried.
Hearing Fang Yu's statement, Wang Fujun's eyes flashed slightly. He was about to speak, but saw a short middle-aged man on Ma Yun's right raised his hand.
"Lord Wang, I am Qiu Hongyi from 720, and I have confirmed that I will register for Qianxun's bidding."
Ma Yun tapped his head lightly. Oh, right, there is also 720. How could he forget this troublemaker?
Oh, by the way, I didn’t forget, I just calculated it, this guy’s company is not qualified at all.
Moreover, based on the previous analysis conducted by the staff, it is impossible for the higher-ups to choose 720 to acquire Qianxun.
Ma Yun just laughed twice at that time.
As Qiu Hongyi spoke, Ma Yun's left hand was numb and painful, and his face was also full of disdain.
If the conflict between Ahri and 720 was just a verbal dispute ten years ago, then the conflict between Penguin and 720 is completely an old grudge.
In previous discussions with the company team, Penguin's staff had already concluded that 720 would do its utmost to participate in this bidding.
Security and search are 720's main businesses, so there is no reason for this company not to participate.
However, why don’t you look in the mirror and ask yourself: have you met the requirements of 15 billion in turnover and 80 billion in market value as required by the prequalification documents?
You were delisted from Maigu just last month. Before the delisting, the Maigu stock market rose by a wave of risk aversion due to the Alcatraz incident, but the increase was only 11.5 billion Maiyuan (Note 1). In the past two months, the exchange rate of Maiyuan to Dazhou currency has plummeted to only 6.22. No matter how you calculate it, you are still short of 10 billion in market value.
Even though Ma Hua Teng had long ago hidden his emotions, he couldn't suppress the disdain on his face.
In fact, the most powerful human emotion is disgust.
The emotion of loving someone can be hidden, and the emotion of hating someone can be hidden, but the emotion of disgust is very difficult to hide.
Public figures who have been in the industry for a long time have all expressed visible disgust towards certain people in public. Many people say that they have not done a good job of managing their expressions. In fact, it is not that they have not done a good job, but that it is very difficult to do so.
It is because the power of disgust is so strong that it can distort reality.
You may stop loving someone because of certain facts, and you may stop hating someone because of certain changes. But there is no way to make a person change his or her opinion of someone in a short period of time except the powerful weapon of time.
Similarly, many people who work very hard do not really like success, have clear goals, or know what kind of person they want to be.
It’s just that they hate mediocrity and know very clearly what kind of person they don’t want to be.
Of course, as one of the most powerful Internet companies in the Great Zhou Dynasty, what Mahua Teng hates will naturally also be hated by his younger brothers.
"Boss Qiu, if I remember correctly, it seems that 720 didn't meet both conditions of the first prequalification?"
Before Wang Fujun could express his opinion, Wang Xing, who was standing to Mahua Teng's left, suddenly interrupted.
He spoke not just to show his goodwill to Mahua Teng, but mainly because he and this guy also had conflicts.
When he was developing the campus network, it was Qiu Hongyi who interfered, causing Hongshan, which had almost reached an agreement, to abandon its investment in the campus network, which indirectly led to the failure of the campus network.
Moreover, Qiu Hongyi had a very low opinion of him at that time. She directly told him to his face that he had no ability and could only brag. She also said that just looking at him, she knew that he would never achieve anything in his life.
Qiu Hongyi was a seasoned troll, well-versed in the art of counter-trolling. She didn't get angry, but slowly said, "If 720 hasn't reached this line, then Ysou and Youzi Technology certainly haven't either. We can't just criticize one and ignore the other, showing favoritism, right?"
Everyone present was smart and reacted immediately.
So this is what this guy meant.
I don't want it to be okay, but I can't have Ysou and Youzi Technology either.
This means that they are afraid that after Ysou takes over Qianxun, 720 Search will be completely finished.
Not only that, there may also be the idea of testing Yian Prefecture.
If you think about it carefully, the first clause of this standard is quite interesting, as it just excludes 720.
For 720, which had always had a good relationship with Yian Prefecture, this signal was indeed unusual, at least revealing certain tendencies of the new leadership of Yian Prefecture.
But you, Qiu Hongyi, said that Youzi Technology has not reached this line. Isn’t that a bit nonsense?
Everyone knows that Youzi Technology is definitely unable to meet the turnover requirement, but they definitely meet the 80 billion valuation line.
Yuzu Technology alone was valued at 12.6 billion Malaysian dollars in its previously announced first round of financing, equivalent to more than 78 billion Da Zhou coins.
Add to that the currently popular Y-search, not to mention the domestic market, even the international market part of the business will be valued no less than 2 billion US dollars. The two combined far exceed the 80 billion valuation requirement required by the prequalification documents.
Qiu Hongyi was writing and drawing on the paper, her tone calm and she didn't look anxious at all.
"I did some calculations. According to the official announcement from Youzi Technology, the company's Series A funding round three months ago was valued at 12.6 billion Malaysian dollars. Today's exchange rate is 6.22, which is equivalent to 78.372 billion Great Zhou coins. This leaves us 1.61628 billion Great Zhou coins short of the 80 billion target."
After saying that, Qiu Hongyi raised her head, a cold glint flashing across her glasses. "As for Ysou, as far as I know, they haven't even started their Series A funding round yet, so naturally, they don't have a definitive valuation. It's not like they can just say what they're worth, right?"
"Of course, if the Securities and Futures Commission sends a professional auditing and investment team to conduct a detailed audit of Ysou and provide a credible valuation, I would also approve it. However, before that, I believe Ysou should not be included in the overall valuation of Youzi Technology, and it is even less qualified to be the main bidder in this bidding."
"Mr. Fang, I've always been a person of opinion, not of opinion. This isn't targeting you, much less Ysou. Since the higher-ups organized this bidding and set such strict standards, then these standards should be verifiable and non-negotiable. Lord Wang, am I right?"
!!!!!!!!!!!!!!!!!!!!!
Everyone at the scene was stunned.
yes!
Ysou has not yet started its Series A funding round! There is no definite valuation at all!
All ideas about how much Ysou should be worth are actually predictions, not written down confirmations after a financing agreement is reached!
For such a large acquisition, the prequalification requirements issued by Yian Prefecture are not very rigorous or formal, and are more like a private communication.
After all, this meeting is called a briefing meeting.
If it is a formal bidding, for unlisted companies such as Youzi Technology and Byte Buy Group, at least a third-party evaluation agency approved by the above should issue a temporary valuation report for these companies based on their market potential. This is an operation method without any consequences.
It is understandable. After all, everyone knows that the most urgent task for the higher-ups is to find a new person in charge to take charge of Chihiro.
This makes it theoretically possible to falsify the data.
Just find an investment company and sign an investment agreement.
But putting aside the fact that everyone present here is a prominent figure in the Internet industry of the Great Zhou Dynasty, they certainly wouldn't do something so idiotic that could be easily exposed. Even if there really is someone with such a stubborn mind, it would be difficult for him to fake it now.
The time is too short.
The prequalification materials have to be submitted tomorrow afternoon. According to this material, the investment department of each company will basically not be able to sleep tonight, not to mention falsifying it.
And which company’s operating conditions are not understood by the above?
Except for Youzi Technology and ByteDance, most of them are listed companies, so it is impossible for them to falsify information temporarily.
Everyone's eyes couldn't help but look at Fang Yu behind Ma Yun and Ma Hua Teng.
"Tsk~ Mr. Qiu, it seems that using 720 search really doesn't yield any useful information. Let me advise you: if you only focus on trying to take on more scam ads from Qianxun, you'll end up following Qianxun's footsteps sooner or later."
Fang Yu folded his arms and sneered.
Hearing Fang Yu's words, Qiu Hongyi's face flushed and her eyes widened.
"Mr. Xiao Fang, 720 has been in this industry for four years and is the second largest search engine company in the country. You are not qualified to judge 720 yet, and the issues you mentioned have nothing to do with whether Ysou is qualified to bid."
Fang Yu chuckled. "Of course it's related. I saw you searched for a long time on your phone just now. If your 720 is really useful, you can find out by searching now. This morning, Y Search just announced that it has completed its first round of financing of 680 million US dollars at a valuation of 6.8 billion US dollars. The financing funds have already been received."
!!! ...
Qiu Hongyi's expression changed drastically.
Ysou completed its first round of financing! ?
How is it possible!?
Who voted?
Valuation of 6.8 billion Malaysian dollars?
Ysou, which was established just over three months ago, has a valuation of 6.8 billion?
Is this investment institution crazy?
The others were all horrified.
Especially the five investment institutions represented by Hongshan.
As a leader in Da Zhou’s venture capital industry, how could they be completely unaware of Ysou’s completion of its first round of financing?
They did not have much doubt about the figure of 6.8 billion. After all, after the second shutdown of Qianxun, everyone could see that Ysou was already the most likely search engine company to become the next monopoly in the market.
Moreover, unlike Qianxunwoliheng, Ysou also has overseas business. The number of overseas searches by Ysou is currently second only to Google and Biying, and is almost the same as Yahoo.
You know, Yahoo owned almost the entire Japanese market a few years ago!
This is achieved even though no mobile phone abroad has Y-search as its default search engine!
Moreover, whether in the Dazhou market or the overseas market, Ysou has achieved an alarmingly high monthly growth rate over the past three months. It is estimated that by the end of the year, Ysou may officially establish itself as the number one search engine company in Dazhou and the third in the world.
If Ysou puts more effort into mobile, it is not impossible for it to catch up with Biying or even surpass Biying to become the second largest search engine.
Not to mention a valuation of 6.8 billion, even if it adds another 3 billion to reach 10 billion, it wouldn't be too surprising.
In a valuation report five years ago, Bing's valuation exceeded 10 billion. Now, analysts from various institutions generally believe that if Bing's business is separated from Bing and listed separately, it is very likely to have a market value of more than 20 billion yuan (Note 2).
In its first round of financing, Youzi Technology bypassed all venture capital firms and directly connected with major investment banks, but rumors still leaked out.
How could it be possible that there was no news at all this time?
Which institution invested in this? How could it be kept so secret?
"This financing has been approved by multiple departments, including the Commerce Bureau and Yi'an Prefecture. I won't show you the financing agreement and funding information. I will naturally provide the relevant information when you submit the documents tomorrow afternoon."
Fang Yu glanced at Qiu Hongyi with disdain.
What level are you at? How dare you question me?
This standard was set by me, how can I get myself blocked?
As for which institution it is?
It cannot be said. It cannot be said.
Those who know will naturally know, and those who don’t know will naturally not know.
When the time comes, check out the annual reports of certain sovereign funds.
(End of this chapter)
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