Korean idols haven't really taken off yet, so fewer Chinese tourists visit them; the most popular destinations are Japan and the United States.
Japan is mainly because it is relatively close.
The reason people want to see what America is like is because it is the world's leading superpower and many people admire it.
Zhao Ye is a very angry young man. There are so many places in China that you guys can't go anywhere, why do you have to travel to other countries?
After thinking it over, he decided to take advantage of the impending boom in China's tourism industry and quickly have Wujiang Group vigorously develop the tourism industry in China, contracting and developing scenic spots, building hotels and resorts, etc., to boost China's tourism industry and attract tourists from home and abroad.
At that time, not many people paid much attention to the tourism industry, but Zhao Ye knew the enormous potential of China's tourism industry!
Experts have predicted that by 2033, China's tourism industry will generate $4 trillion in revenue, surpassing the United States' $2 trillion and becoming the world's number one!
The added value of the national tourism and related industries accounts for about 4% of GDP, and the growth rate of tourism catering, tourism shopping and tourism entertainment is simply astonishing!
...
In the following period, Zhao Ye wrote tourism investment plans whenever he had time. Combining his understanding of China's tourism industry from his previous life, he developed a plan with a huge investment scale in about a week.
Subsequently, Zhao Ye handed the investment plan over to his subordinates, asking them to refine it.
Zhao Ye's idea was to launch this tourism investment plan in 2000, when the internet winter broke out, to stimulate the domestic economy.
The stark contrast between the widespread suffering in the United States and China's soaring success will undoubtedly attract many talented individuals and tourists to China.
...
The most adrenaline-pumping event in the US in 1999 was the impending IPO of several websites under the Wujiang Group.
Throughout August, Wujiang Group's three major e-commerce platforms—Alibaba, Amazon, and Taobao—all went public, achieving tremendous success and raising a total of no less than $15 billion!
Even Alibaba, the website with the lowest market capitalization, has a market value exceeding $100 billion!
The website with the highest market capitalization is Taobao. The C2C model is more popular with capital and shareholders than B2C and B2B in this era, which has led to Taobao's market capitalization exceeding 200 billion US dollars, which is simply crazy!
Amazon's market capitalization is in the middle, at only $156.7 billion.
Investment institutions are more optimistic about Taobao's C2C model, and believe that Amazon's self-built warehousing and logistics are unnecessary and too costly.
In September, all of Wujiang Group's websites involved in film and entertainment went public, including Netflix, Pandora Music, and Rotten Tomatoes.
In October, some other less important websites under the Wujiang Group also went public through IPOs, successfully raising huge sums of money.
Meanwhile, domestic websites such as NetEase, Sohu, and Sina have also successively listed on Nasdaq.
The entire global internet industry has gone crazy due to this wave of IPOs.
"My God, America has gone crazy! Almost every American I've met is talking about the internet, and as far as I know, most of them have bought a ton of stock in internet companies!" a returned overseas student told his friend. "And many people don't think about doing anything productive all day; instead, they dream of developing their own website and getting rich overnight! You know what? Today, on my flight back to China, I even overheard an American flight attendant telling her colleague that she didn't want to work there anymore and was going to start a business in Silicon Valley!"
"Holy crap, is America this crazy? That's unbelievable!"
"They've all gone mad, each one fantasizing about realizing their own 'American Dream'."
"..."
Seeing the numerous successful IPOs of websites affiliated with the Wujiang Group, generating immense wealth, naturally attracted countless people who dreamed of developing their own websites and going public. Consequently, everyone was frantically speculating on internet concept stocks!
Even many physical companies see their stock prices soar simply by being associated with the internet.
Cisco Systems, the American company that makes routers and switches, has seen its market value soar to $340 billion. If it weren't for the existence of competitors like Wujiang Group, its market value would be even more staggering.
Riding the wave of the internet concept stocks, Microsoft launched several internet software products, including the MSN Microsoft portal and MSN Messenger instant messaging, causing its market value to soar and exceed $300 billion!
AOL, the largest internet company in the United States, even has the resources to acquire Time Warner.
At this point, AOL's negotiations with Time Warner were nearing a substantive stage.
What kind of company is Time Warner? It's currently the largest media giant in the United States, owning a behemoth of film and television companies, television stations, newspapers, and magazines. Famous publications like Forbes and Time magazine are Time Warner's assets.
However, this powerful media giant is about to be acquired by AOL.
AOL, on the other hand, has only generated over three billion dollars in revenue to date and has consistently suffered significant losses, never achieving profitability.
This shows just how crazy internet stocks have become in the US.
...
Li Yanhong had been studying and working in the United States for many years. At this time, the Internet was booming, and Li Yanhong decided to return to China to start his own business with a strong entrepreneurial idea.
Although Wujiang Group has already occupied a large market share in the internet industry, he believes that he is not without opportunities for breakthrough.
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