My 1999
Chapter 105: Money for time, acquisition of Excite
"Wang Tao, I have read the development plan for "Dragon Babu" submitted by your Jumang Studio. It is very good. You can contact your colleagues at the Xiangjiang subsidiary and they will help you buy the copyright."
Wang Tao nodded with joy on his face.
As expected, he led his brothers in the studio to work overtime from dawn to dusk for more than a month, and the development plan for "Dragon Babu" was finally approved.
"Like Dijiang, our studio is divided into two groups, C1 and C2. C1 is responsible for the follow-up maintenance of "Legend", and C2 is responsible for the development of the "Dragon Babu" online game."
"clear."
"Wei Xiao, the South Korean subsidiary has just acquired an online game called "Red Moon". You can contact them to complete the localization and post-maintenance of "Red Moon".
From now on, Zhurong Studio will also be divided into two groups.
D1 and D2.
D1 is responsible for the post-development and operation and maintenance of "Pao Pao Tang", and D2 is responsible for the localization and operation and maintenance of "Red Moon". "
"yes."
"Hardware Management Department, Ye Lei; Network Security Department, Zhao Hongwei; Peripheral Development Department, Qian Santai."
The three of them stood up quickly.
“Welcome to join the Hongmeng family.”
It was the first time for Xu Liang to see the three of them.
"Thank you, Mr. Xu, and all my colleagues. It's an honor to work with you." Qian Santai was the first to express his opinion.
Compared with Ye Lei and Zhao Hongwei, he was originally the director responsible for managing daily chemical products at Jingkelong Supermarket, but was headhunted to Hongmeng.
Naturally, he is more talkative than Ye Lei and Zhao Hongwei, who are engineers.
Xu Liang smiled and nodded.
"How are your peripheral development department's preparations going?"
“Currently we have hired 13 designers, all of whom have been engaged in the design of clothing, bags, posters, etc. and have certain experience.
The first offline flagship store is located on the first floor of Xindong'an Mall, at the intersection of Wangfujing Street and Jinyu Hutong. "
Xu Liang also visited Wangfujing Street and quickly thought of the specific location.
It can be called a prime location among prime locations.
"Can I buy it?"
Qian Santai shook his head, "They only rent it but don't sell it, unless we buy the entire Xindong'an Mall."
Although a little disappointed, it was also expected.
No one is stupid. Land in a place like Wangfujing is very expensive. If it weren't for capital turnover or business adjustments, who would be willing to sell it?
"Then rent. Remember to sign a long-term contract and set a higher penalty." Xu Liang said.
"yes."
Hongmeng's offline flagship store is more of a display, promotion and brand building function.
It is enough to open two or three stores in first-tier cities, one or two in second-tier cities, and one in third- and fourth-tier cities.
The main sales are still online.
Hongmeng’s customers are mainly young people, and these people are also the mainstream people who surf and shop online.
“Mr.
Xie Wen nodded.
"Director Zhao, you are responsible for the construction of our company's firewall. My requirements are not high. Don't let those hackers use our company's website and games as their racecourse."
Zhao Hongwei quickly promised, "Mr. Xu, I will do my best."
Xu Liang looked at Ye Lei.
“Our company is currently building IDCs (data centers) in Beijing, Seoul, Hong Kong, and soon Tokyo will be added.
You don't need to take care of the Seoul side for the time being, but in the other three locations, the hardware service department must ensure the smooth operation of the server and must not tolerate downtime, power outages, or data loss. "
"yes."
Ye Lei nodded quickly.
The meeting lasted a day and discussed the problems encountered by the company and its next development plan.
The next day, the president's office in Wangjing Building.
Xu Liang looked at the document in his hand.
This is information formed after the company researched the Japanese Internet market.
"According to the survey, Japanese people have a strong habit of preconceptions. They are used to Yahoo's portal and will keep using it. If we want to win customers, we must make great efforts and waste a lot of time."
This is not surprising to Xu Liang.
I remember that in the last life, after the mobile Internet had developed very maturely, the largest Internet company in Japan was still Yahoo Japan.
Japanese people are still accustomed to browsing the news from Yahoo Japan as the first thing they do when surfing the Internet.
Although Yahoo was already more than just a portal at that time.
But he is definitely the longest alive in the portal.
This is completely different from China and the United States.
The conservative habits of Japanese people are also reflected in the mobile phone industry.
When smartphones became popular, were they still using flip phones? Simply unbelievable.
Xie Wen continued.
"In addition, Japan has the prejudice of advocating the West and looking down on Asia. In the future, we will have to compete with Western search engine technology companies, which is very detrimental to us."
Xu Liang was not surprised. He had been clamoring to leave Asia and join Europe for more than a century, and this concept had long been engraved in his bones.
Moreover, the national character of Chrysanthemum and Dao makes them worship the strong even more.
Simply put, the harder you beat him, the more he worships you. Therefore, American and Western products naturally have an advantage.
"Also, the search habits and online methods of both parties are also different. Among Japanese searches, movie and TV searches, especially anime, account for the main part."
In fact, this is not only the case in Japan, but also in South Korea.
Therefore, the more developed the economy, the higher the proportion of cultural life. They entered the era of entertainment to death earlier than China.
"In addition, the proportion of mobile search among users in Dongying far exceeds that in China, so I think when we enter the Japanese market, we must pay attention to the development of mobile search engines."
Xu Liang nodded.
"The content is very detailed, and you can see that a lot of effort has been put into it. However, how do you plan to start the Japanese business? Acquisition? Or innovation?"
"My idea is to acquire." Xie Wen affirmed.
"Tell me."
Xie Wen nodded and organized his words.
"The acquisition will allow us to quickly open up the Japanese market and save a lot of time. As mentioned before, Japan is a preemptive market, and we must occupy a major share before Western independent search engine companies enter Japan in a big way.
The earlier this time is, the better. The earlier, the easier it is to establish an advantage. "
In fact, Japan already has many Western search companies, but they are all portals plus search.
Search is an adjunct to the portal, not a standalone search engine like Google, and this is their opportunity.
"... In addition, including game and advertising revenue, Hongmeng can exceed 20 million Huaxia coins in September and 23 million in October. We have enough funds to support overseas expansion."
Xu Liang nodded slightly, "You mean, time is more important than money now?"
"That's right."
"Now that you say so, do you have a goal?"
Xie Wen brought over a document.
“Excite, a mainstream portal and search engine company in Silicon Valley, although its market share in the United States is far lower than that of Yahoo and AOL, it is developing very well in the Asian market, especially the Japanese market.
Now they are the third largest portal website and the second largest search engine company in Japan.
It also has branches in Hong Kong, Jakarta and Singapore.
If we acquire Excite’s Asian business, after integrating it with our own, we will be able to complete our business layout in Japan, South Korea, Greater China and Southeast Asia, saving a lot of development time. "
"Are they willing to sell?"
Xie Wen said with a smile: "Now is the Nasdaq crisis, Internet companies are bankrupting, and no one knows who will collapse at the next moment. At this time, we pay for the acquisition, whether it is Excite itself or government regulatory agencies of various countries. There will be no obstruction.”
Xu Liang nodded.
Now is indeed a good time for mergers and acquisitions and expansion.
"How much do you estimate the purchase price will be?" Xu Liang said.
He had not originally planned to expand through mergers and acquisitions, but Xie Wen did make sense. Seizing the Japanese and Nanyang markets before Google was more important than pure money.
"About 25 million U.S. dollars. Mainly because Japan's business is valuable, and most of Nanyang's business suffers losses, which drags down the value of Japan's business." Xie Wendao.
"We can't afford so much money," Xu Liang said.
“In fact, I have received investment invitations from institutions including IDG, Kleiner Perkins Caufield \u0026 Byers, Morningside Capital, Dashen Venture Capital, and even Goldman Sachs and Lehman Brothers.”
"Why didn't you tell me?"
"The company has considerable profits. I think you will definitely not agree to raise funds now."
Xu Liang smiled and said, "You still understand me. How much money do we still have on our account now?"
"With 31.39 million Huaxia coins, we can earn about 15 million yuan every month. However, the subsequent promotion of the three clients of Hongmeng Search, Hongmeng Music, and Hongmeng Game Hall will definitely require a large amount of funds.
Moreover, the Xiangjiang subsidiary is also expanding, and the profit in September may only be 7 to 8 million on the account. "
"Let's take a loan. We now have stable profits and a lot of fixed assets. It shouldn't be difficult to borrow 50 to 60 million yuan." Xu Liang said.
Now that the entire Chinese financial market is in a period of reducing reserve requirements and interest rates, loan financing is relatively easy.
"Which bank to choose?" Xie Wen asked.
"Which bank do we usually cooperate with?"
"ICBC Beijing Branch."
"Then find them."
You can't always take Jingcheng Bank alone.
"Let Xiang Jie be in charge of the bank. Who are you going to let in the acquisition negotiations?"
"Let Yu Hongming from the Administration Department go. He once studied at the University of Southern California, is proficient in English, and knows a lot about the place."
Xu Liang nodded, "Then let him go. Also find Goldman Sachs or Morgan Stanley and let them be our M\u0026A consultants."
The United States is a completely unfamiliar market to them, so it is better to make more preparations.
Xie Wen nodded in agreement.
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