My 1999
Chapter 128 Great strides in expansion
"Hongmeng Game Hall, do you have any income now?"
"Yes, the mobile share this month is 570,000."
"A little less." Xu Liang said.
"We are just a newcomer in casual games, with currently only 840,000 registered users. Most of the market is in the hands of Lianzhong and Bianfeng, and the share they receive from Telecom is as high as tens of millions.
However, through the diversion of the three games "Legend", "Millennium" and "Red Moon", the user growth is relatively fast. We are confident that the number of users will increase to 3 million before the end of the year. "
Xu Liang nodded.
"Mr. Xu, although Winger is not as good as Lianzhong, it is still the second largest casual game operator in the country. Should we acquire it directly?"
"Acquisition?"
"Yes. This way we can also get all the assets of the wingers, especially those who are good at developing casual games."
Xu Liang thought for a while and shook his head.
"It's not necessary. Most of Winger's games overlap with the games in our game hall, and the acquisition will not make a qualitative change in our strength. As for talents, the price of poaching them is definitely not as high as acquisitions.
Our core has always been online games and 3A-level stand-alone games. "
Wu Xifan nodded.
Glanced at him.
"Old Wu, the company wants to set up a strategic development department to be responsible for developing foreign markets. Are you interested?"
Wu Xifan shook his head and said: "Mr. Xu, if I were ten years younger, I would definitely do it. Now, my family and children are all in the capital, and I really don't want to take risks abroad."
Xu Liang nodded.
Wu Xifan's reaction was what he expected.
The strategic development department was on the same level as the game division. It was replaced by the person in charge of the company's pillar department who would not give up on the huge profits, and a new organization was built from scratch.
"Okay, I understand. You go ahead and do your work. I'll take this report."
Back in the office, Xu Liang looked at the list of senior company personnel.
First, cross out the names of Xie Wen, Wu Xifan, Yu Jun, and Xia Wei.
A COO, a head of the game division, a head of the search division, and a head of the interactive entertainment department.
Each has its own large business, which looks more promising than the newly established strategic development department.
Secondly, CTO Shen Jianguo, HR Fang Dexin, CFO Xiang Jie, and marketing department He Guiyou were also crossed out.
These are also vice president level executives.
The remaining dozen directors are the most suitable choices.
Although you have to start from scratch, and developing international business is very hard.
But at least after being promoted to vice president, the options he gets are far more than those of a director.
Under the heavy reward, there must be a brave man.
After thinking about it, I circled a few names.
After the time entered November, news of victory finally came from Xie Wen.
——
‘Wow…. ’
The loud applause shook the entire Hongmeng headquarters.
Xu Liang smiled and walked over and held Xie Wen's right hand.
"Mr. Xie has returned with great honor and great achievements for his hard work."
"It's all the credit of Xiang Jie and the others. I just signed it."
"Mr. Xie is so polite. If it weren't for the fact that Mr. Xie and Excite CEO Acme Masson were MBA classmates at Columbia University, the other party wouldn't have let go so easily," Xiang Jie said.
"Okay, let's not praise each other anymore. I have reserved a seat in Hongbin Building and will be there for you tonight." Xu Liang said with a smile.
After sending everyone away, he took Xie Wen and Xiang Jie to the office.
The three of them sat down.
Xiang Jie handed the signed contract text to Xu Liang.
“For US$23 million, we acquired all of Excite’s businesses in Asia, including Japan, Hong Kong, Jakarta and Singapore, and assumed US$3.47 million in debt.
According to the contract, we are no longer allowed to use the Excite brand before December 31, 2000.
The first tranche of funds, 12 million, will be paid within half a month after the contract is signed, and the remaining 11 million will be paid in two installments, three months and six months after the contract is signed. "
Xu Liang nodded, "Yes, this way we basically have no financial pressure."
I borrowed 100 million and still have nearly 40 million in cash on my account.
It is sufficient to pay for the acquisition of Excite's Asian business, as well as the expenses required to continue to maintain the operation and integration of the entire company.
"Thanks to the Nasdaq crisis, otherwise if we wanted to acquire Excite's Asian business, it would have cost at least US$100 million." Xie Wen lamented.
Xu Liang nodded in agreement and sighed.
"It's a pity that we don't have enough money now."
If you had enough money, you would be everywhere now.
Google, Amazon, Yahoo, and Alibaba are all very cheap. Even Apple’s current price is just over 4 billion US dollars.
If you buy any amount, you will make huge profits in the future.
After briefly discussing the arrangements for Excite’s business in Asia, we went to have dinner to celebrate.
the next day.
Xu Liang held a director meeting in the big office.
"Everyone, I believe you all know that we have successfully acquired the Asian business of Excite, the fourth largest portal and search engine company in the United States.
From today on, our Hongmeng company will become a multinational Internet company that spans East Asia and Southeast Asia and operates many businesses including games and search.
The value of the company, as well as the value of the options in your hands, will increase exponentially. "
Wow….
Loud applause rang out in the conference room.
Everyone looked excited and beamed with joy.
Xu Liang waved his hand to signal everyone to quiet down.
"We are indeed happy to be happy, but after being happy, everyone should also see that we are still facing arduous tests.
First of all, the corporate culture of Excite Company is inconsistent with that of Hongmeng Company.
Secondly, the personnel within the company are also mixed.
Finally, Excite's business is also very different from ours.
It is still unknown whether we can successfully integrate Excite’s Asian business into Hongmeng and become the nourishment for our development and growth.
Therefore, our task is still very difficult.
Everyone here needs to continue to work hard.
Everyone, do you have confidence? "
"have."
The loud voice shook the entire floor, causing all the employees outside to look here.
Did the leaders take the wrong medicine?
Xu Liang smiled and said: "The momentum is very strong, I feel relieved.
Next, I announce the formal establishment of Hongmeng Japan Company, Hongmeng Singapore Company, and Hongmeng Indonesia Company. Excite’s original business in Xiangjiang will be merged into Hongmeng Xiangjiang.
Because after the acquisition agreement was reached, we could no longer use the Excite brand, so the names of all portals were changed to Naver. "
Xu Liang didn’t pay much attention to the portal website, so he didn’t give it a Chinese name.
“Excite’s original search business was spun off and Bing Search was established directly under the leadership of each subsidiary.
At the same time, various departments of the head office sent personnel to form three working groups and went to Japan, Singapore and Indonesia to assist the integration work of each subsidiary and embed the business of our Hongmeng company into it. "
Everyone nodded quickly.
"In addition, the company decided to establish a strategic development department to be fully responsible for developing foreign markets. It also decided to promote Wang Tao, director of Jumang Studio, to the company's vice president and president of the strategic development department.
Wu Yahui, the original deputy director of Jumang Studio, serves as the studio director. "
Thanks to the popularity of "Legend: Overlord War", Jumang Studio's performance is the best in the company. Moreover, the cleanup of cheats and private servers is also relatively timely, maintaining the fairness of the game.
Although some people think that Jumang Studio is lucky and has come across a good game, but its own abilities are not outstanding.
But grades are grades.
The monthly revenue of 15 million yuan contributes 35% of the company's total revenue, which is the most important thing.
"Thank you Mr. Xu and the company for trusting me. I will work hard to do my job well." Wang Tao said excitedly.
Although Xu Liang had communicated with him before, when it was actually announced, he still couldn't help but be excited.
"Don't be too happy, you have a heavy burden on you.
You don’t need to worry about the markets in Japan, Hong Kong and Taiwan. What you are responsible for is the development of the entire Nanyang market. The good news is that Excite has laid a good foundation in Malaysia and Indonesia. You can use these two markets as tentacles to gradually cover the entire Southeast Asia. "
Wang Tao nodded.
"In terms of funding, I will give you 5 million in the first phase and 10 million in the second phase, totaling 15 million in development funds. All development plans will be reported directly to me."
"Yes, Mr. Xu."
"Also, our company is pursuing a localization strategy. Therefore, in addition to seeking development, you must also select responsible persons for each branch in Nanyang."
Wang Tao nodded.
"Mr. Xu, what about Japan...?" Xie Wen said.
"I'll go there myself."
Japan is now the second largest market in the world, more important than South Korea, and he is worried about others going there.
"Yu Jun, there are too few computer engineering talents in Nanyang, and we need your technical support in a short period of time. Therefore, you have a heavy burden."
"I understand. However, we are mainly responsible for developing the underlying technology of the search engine and improving search relevance and accuracy. The remaining web page translation, establishment of databases, encyclopedias, knowledge, etc. can only be left to the brothers in the subsidiary."
Xu Liang nodded, "If the subsidiary cannot solve these simple things, there will be no need for its existence."
The words were very serious, which made Wang Tao feel secretly awe-inspiring and at the same time decided to make great achievements so as not to be underestimated by his colleagues in the company.
"Who has any questions?" Xu Liang asked.
He Guiyou raised his hand. He is the marketing director.
"Mr. Xu, do I need to disclose this acquisition to the media?"
The acquisition of US$23 million is enough to cause a national business incident in this era, and it involves international expansion. Once word spreads, it will be a great blessing to Hongmeng's goodwill and brand influence.
Xu Liang thought for a while.
Shaked his head.
"Don't expose it. Our acquisition this time is very risky. If the integration is completed later, everything will be fine. If it cannot be completed, I'm afraid it will become the laughing stock of others."
Although He Guiyou didn't quite agree, he didn't say much.
Xu Liang's eyes flashed.
"No one is allowed to disclose the details of this acquisition to the outside world without my consent, otherwise they will be fired."
Hongmeng is currently not listed, and the outside world does not know its revenue. If the $23 million acquisition is exposed, it will attract countless prying eyes.
His body can't stop these predators that eat people but don't spit out bones.
Therefore, Hongmeng’s strategy is to keep quiet until there is no external financing and some strong legs to rely on.
Of course, it won’t take too long. It’s almost time to start Series A financing next year.
"Who has any more questions?"
Everyone shook their heads.
"Meeting dismissed."
Hongmeng Company is busy again.
Hongmeng Games, Hongmeng Music, Hongmeng Website Directory, and Bing Search (including information, encyclopedias, knowledge, music, and games) each allocated manpower to prepare working groups.
Two rushed to Singapore and Jakarta, and the other went to Japan with Xu Liang.
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