What's wrong with me being a rich man?

Chapter 218 Three Victories
Bai Xiaosheng had already anticipated the team adjustments, but there was an unexpected surprise instead, which made everyone in the company very happy.

Even Lei Weiming, who almost got promoted, was very happy, at least... on the surface.

Mr. Liu is my old boss. Baixiaosheng is a unique workplace platform in China. The recruitment business has been rebuilt after learning from past experience and lessons. It is said that the company's financing channels are also not a problem. Under these various factors...

Lei Weiming firmly believes that it is most perfect for General Manager Liu and General Manager Yu to take charge of the company's development!
Of course, this is only the first instance. If there is a turn in the second instance, I am willing to step up at the critical moment and assume the necessary responsibilities.

Lei Weiming had a talk with General Manager Liu, and then General Manager Yu also came to see him, continuing to express his extremely clear position.

Yu Xing felt relieved upon seeing this. Whether the old salesperson really supported Liu Hao or thought that Bai Xiaosheng was a good team, everyone would work together as one in the foreseeable future.

That's enough.

This year's Chinese New Year is on February 2th, but in mid-January, Bai Xiaosheng has once again reviewed 14 and looked forward to 2009. Not only itself, but also three institutional shareholders, IDG, Today Capital, and Qiming Venture Partners, also gathered together at Bai Xiaosheng's headquarters in Shanghai for a small summary meeting.

Bai Xiaosheng had already reported on the company's situation before, so this meeting was a reward-giving one, and also a rehearsal for the next round of financing communications.

If the company is not doing well or has frequent problems, such as LeTao.com, it is useless to beg for help. If the company is developing well, the institutions themselves are enthusiastically prepared to pay money.

As of January 1, when the meeting took place, Bai Xiaosheng had again increased its user base to 16 million, compared to 216 million half a month ago.

On the one hand, many potential workplace users joined Bai Xiaosheng's discussion on the Alibaba and Yahoo incidents. On the other hand, Yu Xing personally received a wave of focused promotion on the Weibo platform.

On January 2010, 1, Yu Xing became the first Weibo account to have over one million followers.

This was beyond the expectations of both Yu Xing himself and Sina Weibo. The next closest person in terms of number of followers was actress Yao Chen, who was only tens of thousands away from having one million fans.

Sina Weibo has shown its potential for growth since its internal testing, and is realizing this potential at a very fast pace.

The meeting started at ten o'clock in the morning, but everyone only talked about the Bai Xiaosheng business for fifteen minutes before turning to chatting about other topics, one of which was Yu Xing's popularity on Weibo.

"The Weibo platform spreads information very quickly. Mr. Yu's stature is really the result of the combined effect of TV programs, workplace platforms and personal charm." The person who came this time from IDG was elder Zhang Suyang, which shows how much importance IDG attaches to Bai Xiaosheng.

Hu Xubo of Qiming Venture Partners nodded in agreement and raised a small concern: "Sina Weibo seems to be going to be very popular. Will it have an impact on the development of Bai Xiaosheng?"

"I don't think it will, or the impact will be small. Sina Weibo is a social platform." Liu Jiankai of Capital Today expressed his thoughts, "Bai Xiaosheng's vertical segmentation is a kind of protection. I am optimistic and don't think there will be similar platforms or strong competitors in China, as long as Bai Xiaosheng doesn't make big mistakes in the mobile Internet era."

Liu Jiankai mentioned the future of mobile Internet, and then looked at Yu Xing: "Mr. Yu, what do you think?"

"Well, about the same. I am also quite optimistic. Moreover, I think the Weibo platform will share some of the pressure of public opinion supervision on Bai Xiaosheng." Yu Xing talked about a point that has been worth noting since Bai Xiaosheng was founded. "After all, Bai Xiaosheng produces workplace-related content, while Weibo is aimed at a more mainstream group."

The three institutional shareholders all nodded secretly in their hearts, agreeing with this observation and praising Yu Xing's perspective.

The rapid development of Bai Xiaosheng in the past period was, to a certain extent, based on sensitive topics. Yu Xing, as the founder, was not only aware of this, but he was also developing under pressure.

If Bai Xiaosheng were to go bankrupt because of this, then it would be a huge mistake.

But now that Bai Xiaosheng has begun to take shape, and platforms like Weibo have emerged to share the pressure, it is natural that there will be thousands of pairs.

In the final analysis, no matter what objections there were before, everyone will look at the results, and dissatisfaction and objections will be subject to reality.

"In fact, the one who is worried about the impact of Weibo should be Penguin," Zhang Suyang said. "If Sina can develop its social media platform, it will definitely take away the time of Penguin users."

Yu Xing nodded slightly and listened to the three people discussing the penguin's position and possible mentality.

Then, he smiled and mentioned the internal incubation projects of Baixiaosheng: "We also made progress outside of our main business last year, such as the price comparison website, which took advantage of the number of users of Baixiaosheng. No wonder Penguin likes to use its own traffic to conquer the world. It is really cool."

"I went to Lin'an last month and said that the mobile wave has actually arrived, and it is not an exaggeration at all."

"Mr. Zhang, Mr. Liu, Mr. Hu, I don't know if you have read our review of Apple's smartphones. The response was quite enthusiastic."

"If possible, we will also incubate a mobile communications project internally this year, temporarily named 'WeChat'."

Yu Xing formally mentioned the new incubation. Hu Xubo repeated the name twice and said with a smile: "WeChat? Seeing that Weibo is booming, you also want to make a product with the word 'WeChat' in it?"

"Compared to computers, mobile is very micro. The concept of 'micro' is quite popular now, such as micro movies, so we chose this word, '信', which is the '信' in Fetion." Yu Xing introduced the name and commented, "Fetion's functions are actually very good, but it is only willing to do so among its own mobile user base, which is a particularly big flaw."

Before Penguin's WeChat was released, the most popular mobile communication software was actually China Mobile's Fetion. Its feature of being able to send text messages for free made the software very popular in an era when text messages were generally charged.

"Well, Fetion still has a lot of room for development. However, Fetion is backed by China Mobile, so it is not easy to connect users of the other two companies. Neither one side may be willing, and the other side may not be willing either." Liu Jiankai suddenly had an idea when he said this. "It's just like when you were the know-it-all, why couldn't Penguin do it? Because it had a position. Why didn't Fetion connect users? Because China Mobile also has a position."

Yu Xing nodded, agreeing with this analysis.

Position is also an interest, but by the time external interests become sufficient to drive it, it is already too late.

Zhang Suyang of IDG thought for a moment and suddenly said, "This kind of incubation is not easy to do. It's not that there is competition from Fetion, but there is already Penguin in this field. Its QQ has such a function. If you divert your attention to WeChat, it is tantamount to snatching food from Penguin directly. It is difficult not to be noticed."

"Once they pay attention, the penguins' reactions are unmatched by movement."

"So, in my personal opinion, Mr. Yu, you shouldn't choose this direction."

He expressed his opinion clearly.

After this reminder, Liu Jiankai and Hu Xubo quickly turned their thinking from Fetion to Penguin, and their brows furrowed at the same time.

"Penguin does care about this kind of competition, and it's not like the price comparison websites," Liu Jiankai said. "The purpose of this kind of project is quite 'dangerous'."

Hu Xubo also expressed his objection: "Yes, Mr. Yu, if you say that Bai Xiaosheng is 'the penguin has a position', then your idea is facing the same reason 'the penguin has a position'. It definitely has a position to fight you to the death. If you can't develop, it will fight you. If you develop, it will fight you even more desperately!"

The three investors have the same opinion: don’t do it, don’t do it, don’t do it.

Yu Xing held up three fingers and said seriously, "Mr. Zhang, Mr. Liu, Mr. Hu, I have three wins over Penguin by developing WeChat."

Zhang Suyang asked: "Which three wins?"

Yu Xing said seriously: "The company is small, it can adjust quickly, and it has less baggage. I am faster than it, so this is a victory!"

The three of them had no objection, so this could be considered a small favor.

Liu Jiankai asked: "What about the second one?"

Yu Xing elaborated: "I already have one victory, Penguin has not, this is called the second victory!"

Liu Jiankai was confused and suspected that he had heard it wrong.

Hu Xubo couldn't help but answer: "So, you already have two wins, and Penguin hasn't, so this is called three wins?"

Yu Xing smiled and nodded: "Yes."

Liu Jiankai and Hu Xubo looked at each other and didn't want to curse.

Zhang Suyang actually thought seriously about this "three wins" for a few seconds, and finally helped to summarize it: "Three wins can be summed up in one word: fast. The only martial arts in the world that cannot be defeated is speed."

Yu Xing nodded seriously this time: "Yes, in all martial arts, the only thing that cannot be defeated is speed. Use speed to defeat slowness..."

The three investors looked at Yu Xing in front of them.

Yu Xing hesitated for two seconds, and finally said, "Scare it."

Liu Jiankai couldn't help rubbing his face, a little anxious: "In this case, the penguin has met its match."

Don’t scare the penguin first, or you’ll be scared.

(End of this chapter)