...
"It's a hit, Mr. Tang! Our Wujiang Cloud Drive is a hit!!!" At 9 a.m. the next morning, Tang Letong arrived at the company and stood nervously in the office lobby waiting for news. At this moment, a technician ran over excitedly and shouted loudly.
"To date, 3.03 million people have tried Wujiang Cloud Drive!"
"Among them, the number of individual paying users reached as high as 27,000, generating revenue of $580,000!!!"
"We have 371 paid enterprise subscribers, generating $720,000 in revenue!!!"
Tang Letong was shocked to hear this. The results were much better than he had imagined. He never expected that so many people would pay!
In fact, the main reason was that hard drive capacity was really insufficient at that time.
The largest hard drive capacity is 50GB, but it's quite expensive. Most users have hard drives with less than 10GB of capacity.
10GB used to seem like a lot, but Wujiang Group has released a lot of software, especially some computer games, which are quite large, with many games approaching 1GB in size.
The latest version of HarmonyOS still occupies about 1.25GB of space.
This has led to many people's computers not having enough hard drive space, and buying SSDs from Wujiang Group is relatively expensive, costing several hundred or even thousands of dollars.
In that case, it's better to just subscribe to cloud storage on a monthly basis.
For individual users, a Level 1 VIP subscription costs only $1 per month and $10 per year.
42.8% of individual paying users have activated Level 1 VIP.
Tang Letong exclaimed excitedly, "That's fantastic! Wujiang Cloud Drive earned $1.3 million on its first day of launch! What a great start!"
After saying that, he immediately picked up the phone and called Zhao Ye.
"Boss, Wujiang Cloud Drive is trending!!!"
Tang Letong immediately reported the detailed data to Zhao Ye.
Zhao Ye smiled calmly; he had anticipated this situation.
In an era when hard drive capacity was too small, the value of cloud storage was magnified infinitely.
"As Wujiang Cloud Drive gains more and more popularity, the number of individual and enterprise users will surge!" Zhao Ye said with a smile.
Tang Letong chuckled and said, "With Wujiang Cloud Drive's sales performance so good, we can finally give the investors an explanation. Wujiang Portal's second round of financing can also proceed smoothly!"
“Yes! However, let’s not release the data for now. Let’s notify them again in a week,” Zhao Ye said.
"Yes, Chairman Zhao!"
...
Wujiang Cloud Drive has become a hit.
Many people even spontaneously and voluntarily promote it.
In universities, teachers encourage students to use Wujiang Cloud Drive. Teachers upload course materials to their "My Shares" folder. Students can access the Wujiang Cloud Drive page, follow the teacher's account, select the teacher's account in "My Follows," enter a password, and then download the course materials.
Word of mouth spread, and the number of users of Wujiang Cloud Drive is increasing.
Immediately, major media outlets in the industry reported on it, and it also sparked heated discussions among netizens.
Major websites in the internet industry have also been compelled to investigate Wujiang Cloud Drive.
A week later, Wujiang Cloud Drive had over 23 million individual users, of which 3.02 million were paying users, the vast majority of whom had activated Level 1 VIP.
The growth in enterprise users is equally astonishing, with 35,000 large, medium and small businesses already using Wujiang Cloud Drive, and a staggering 65% of them being paying users.
In just one week, Wujiang Portal generated $160 million in revenue with Wujiang Cloud Drive!
When Tang Letong informed the four major investment companies of Wujiang Portal of the news, all four companies were stunned.
Awesome!!!
Sequoia Capital CEO Don Valentine was gesturing excitedly, his eyes shining. If all internet users and businesses worldwide became users of Wujiang Cloud Drive, wouldn't Wujiang Portal be rolling in money?!
Goldman Sachs CEO Michael Pullman directly contacted Tang Letong, stating, "Mr. Tang, isn't Wujiang Portal planning a second round of financing? Goldman Sachs is willing to lead the investment!!!"
Morgan Stanley and Barclays were also stunned and speechless.
At the same time, they couldn't help but wonder, if Wujiang Portal were to enter the United States, wouldn't its revenue exceed $300 million within a week!
“Oh God, let’s get Morgan Stanley to get more shares in Wujiang Portal!!!” Morgan Stanley President Spencer Barnard muttered to himself.
A few days later, Wujiang Portal launched its second round of financing. By this time, Wujiang Portal's valuation had soared to an extremely high level, at least $60 billion!
This time, even more investment companies came to participate in the financing.
Zhao Ye certainly wouldn't allow Goldman Sachs, Sequoia Capital, Morgan Stanley, and Barclays to continue growing, so Wujiang Portal will bring in more investors during the second round of financing.
Tang Letong is fully responsible for the second round of financing, which aims to raise $10 billion.
After more than ten days of negotiations, Goldman Sachs led the investment, with the remaining eleven investment companies participating.
This round of financing for Wujiang Portal will be its last, after which it will go public on Nasdaq.
However, before the IPO, Zhao Ye hoped that the shareholders of Wujiang Portal would unite and work together to push Wujiang Portal into the US market.
At this point, the United States had realized that its actions had not caused any devastating damage to the Wujiang Group. On the contrary, they had promoted in-depth cooperation between the Wujiang Group and Europe and other regions, resulting in good achievements in science and technology and the economy.
This chapter is not finished yet. Please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com
