My Age of Investment

   Chapter 953 Sold Out

  At the suggestion of the major shareholder Xia Jingxing, the oil pipeline convened a board meeting.

  The meeting mainly discussed one thing, the dark fiber investment plan.

  Bandwidth consumption has always been a sword of Damocles hanging on the head of the tubing. I don’t know when it will be hacked down, and it will be worthless for this startup that has been valued at tens of billions of dollars.

  Tubing Director, Larson of Waterfall Investment is very supportive of the dark fiber investment plan.

  At this time, Larson also knew that he had been on a thief ship. If he did not find a new way out for the oil pipeline as soon as possible, Mr. Gates’s investment of more than 600 million US dollars would be devalued at the slightest level, and at the worst.

  Because Google has taken the lead in investing in dark fiber, other shareholders also think they might as well try it.

  So, the dark fiber project passed the resolution of the board of directors smoothly and entered the project approval stage.

  As the meeting drew to a close, Larson talked about the development of Hulu Video.

"Relying on the resources of the five major Hollywood giants and the seven major shareholders including Waterfall Investment and Oil Pipeline, Hulu Video’s initial development is very smooth, and it has achieved good results of 5 million registered users during the closed beta period. It is considered to be traditional TV and movies so far. The most successful case of industry connecting to the Internet."

Speaking of this, Larson suddenly changed his mind, "But Netflix also launched its own streaming service soon afterwards. Although this company does not produce content and does not control the source of copyright, they have been doing online services for many years. DVD rental business is equivalent to mastering the distribution channels.

  At the same time, Netflix has nearly 10 million loyal subscribers, and these online DVD rental users are constantly turning into paying members of Netflix streaming.

  This also means that Netflix has launched a strong challenge to the status of Hulu Video.

  The same is true. Hulu Video has fewer paying users than Netflix. "

  Xia Jingxing nodded slightly and said with a smile: "The five major media giants have blocked Netflix, so why not sell them the copyright?"

   Larson said sternly: "Daren, I didn't joking with you, how could it be blocked? If an antitrust hat is buckled down, who can stand it?

  Tubing is also a shareholder of Hulu Video. Can’t sit back and watch Hulu Video be defeated by Netflix, right? "

  Xia Jingxing thought about it in his heart, and then he understood Larson's intention.

  Waterfall Investment is both a shareholder of YouTube and Hulu Video. Naturally, it is hoped that both companies can achieve good development.

But he is different. Envision Capital bought a large amount of Netflix shares in the secondary market. This is his pro-son. His shareholding in Hulu Video is indirectly held through the tubing, and the shareholding ratio is not high. The equivalent of a godson.

  And Hulu Video was originally the product of a compromise between him and the five major media giants on copyright disputes.

  So, for Hulu video, he has always been in a stocking state, and he is not particularly concerned.

   But since Larson mentioned it today, he still needs to say a few words from the position of the major shareholder of the oil pipeline.

  "The management power of Hulu Video has always been in the hands of their five giants. People from their five companies take turns to be CEOs, and it is not easy for YouTube to intervene.

  Tubing is an original video website. Although the development direction of Hulu Video’s network TV is different, their five major media giants have always been wary of YouTube. "

  Xia Jingxing spread out, "Man, you told me these are useless, it's better to persuade their five companies to work together and don't give Netflix any chance."

The YouTube CEO Luo Li Greer echoed: "Dylan was right. The staff who we sent to help Hulu Video build the website and operate it were sent back by Hulu Video once the work was over, for fear of our people. It's rooted in them, showing that they don't trust us."

   Larson's head hurts a bit, and he suddenly feels like he is falling into a pit.

  The oil pipe burned out hundreds of millions of dollars in a year. It was the second time to spend a huge amount of money to invest in the dark optical fiber. The third time that Hulu Video started to break out of internal fighting...

  One after another, one after another.

  He felt that Mr. Gates was calculated from the beginning.

  Speaking of, Youtube invested USD 30 million in Hulu Video, which was taken from the investment fund of more than USD 600 million invested by Waterfall.

  Waterfall investment has spent so much money, and we have invested in two messes, each with its own troubles.

  Xia Jingxing saw that Larson's face was not very good, and he guessed how dissatisfied the other party was.

  To be more real, these few investments, he did arrange Gates clearly, and it seemed not so kind.

  But in the long run, these are definitely two good investments.

  Xia Jingxing has considered it clearly, and he can't pull Gates' hatred for the time being, so he needs to appease it.

   So he said: “Larson, Mr. Gates is highly respected, you let him come forward and invite the five major media giants to sit with Youtube. Everyone put aside the conflict, and work together to make the gourd video well.

  Tubing’s dark fiber investment plan, I asked Envision Capital to run on Wall Street to see if I could find a few infrastructure funds for cooperation. "

   Hearing this, Larson's face was a little awkward, and finally he still had a bit of conscience, and he didn't continue to cheat them.

  However, he had made up his mind and he turned around to persuade Gates to stay away from the project Xia Jingxing participated in. The routine was too deep.

  …………

  …………

  Ending the Youtube board meeting, Xia Jingxing took a private jet and embarked on the way back to China that night, along with Lin Bing, Huang Jiangji, Zhou Guangping, and senior executives of the North American branch of Fuxing Mobile Phone.

  When the plane arrived at the Capital International Airport, it was already the next morning.

  Xia Jingxing, who slept beautifully on the plane, led Lin Bing and the others out of the airport vigorously, and together they boarded the convoy sent by Fuxing Industry Group to greet them.

  After arriving at the Fuxing Mobile Office in Zhongguancun Software Park, a group of executives immediately held a meeting.

Zhu Zhaojiang, who is in charge of mobile phone market sales in China, got up and reported: "Since last week, Fuxing FX1 has been out of stock. It will take another month before the next batch of mobile phones arrive."

  Xia Jingxing nodded, and said with emotion: "One million units, less than three months, so it's sold out."

  Lin Bing smiled and said: “We still underestimated the enthusiasm of consumers. The 500,000 mobile phones put on the US market were all sold out at the beginning of the month.

  Now many Internet users on Facebook, Twitter and other social media are complaining that they have not bought a mobile phone. "

  Qian Chen joked: "Fuxing mobile phone is sold out, they don't know to buy Wisdom Fruit?"

  Lin Bing said sternly: “The Wisdom Fruit is also sold out. Like us, we are facing the problem of insufficient production capacity.”

  Several Fuxing mobile phone executives who stayed behind in China suddenly took a breath. What does this mean? It means there is a big market for smart phones!

  Zhu Zhaojiang smiled and said, “It seems that our second batch of stocks of 2 million units is still a bit conservative.

  Many netizens on domestic social media are also complaining about not being able to buy mobile phones. "

Speaking of this, Zhu Zhaojiang took a look at Xia Jingxing and said in a deep voice: "In addition, there is another bad phenomenon in China. Some scalpers are selling Fuxing mobile phones at a price increase of 500 yuan and 1,000 yuan, which has caused a lot of bad comments on the Internet. ."

  Lin Bing frowned and said, “We have already restricted purchases through multiple online and offline channels before, so users are spreading the fire on us?”

  "We are a mobile phone manufacturer, we can only carry this pot!"

  Xia Jingxing said lightly, “Users don’t think so much. In their opinion, it’s a mobile phone manufacturer’s problem that they can’t buy mobile phones through normal channels.”

  Zhu Zhaojiang nodded fiercely, "Yes, there is also a conspiracy theory spread on the Internet, saying that we are hunger marketing and treat users as monkeys."

   "Then why don't they buy it earlier? In more than two months, no matter how slow the action is, you can buy a mobile phone, right?"

   Zhou Guangping said coldly, “To me, it may not be normal users who are dissatisfied on the Internet, but that some mobile phone manufacturers are jealous of us and spread rumors.”

  Zhu Zhaojiang nodded, "There is a possibility, but I investigated it carefully. The 500,000 Fuxing mobile phones sold in China have basically been bought by users in first- and second-tier cities, and the scalper party’s price increase speculation is mostly in third- and fourth-tier cities.

  The information in these small cities is relatively blocked. Many people can't even shop online, but there are a small group of people who have considerable purchasing power. They have always only bought the expensive ones, not the right ones.

  In addition, we also found a phenomenon that some people in the hypermarkets such as Gome and Suning colluded with the scalpers inside and outside the party, and many scalpers in the market came from these stores. "

"The store employees colluded with the scalpers and deliberately waited for the market to be out of stock before shipping?" Lin Bing looked shocked, and then murmured to himself: "That's true. We don't have enough control over the store channels. They can easily play a little bit. Tricky."

   Thinking of this, Lin Bing looked at Xia Jingxing with a serious face, and said, “Mr. Xia, do you want to write to Gome and Suning to ask them to check themselves?

  Now the penetration rate of e-commerce is not enough. Many people buy mobile phones through offline store channels. If the scalpers control the offline channels, normal users will not be able to buy mobile phones and are forced to accept the scalper’s price increase. "

  President Xia Jing sighed and said, "Now the scalpers are still relatively dirty. I am a little worried that the scalpers will come out with some plug-in software for grabbing goods in the future, and the online channels will also be tainted by the scalpers."

  Everyone thought about it along this line of thinking. It is possible, but only if the popularity of the revival mobile phone cannot be reduced.

  "The scalpers must be in charge, otherwise the credit of our brand will be overdrawn."

  Xia Jingxing smiled, "But if the scalpers are engaged in this way, has the market set off a second wave of enthusiasm for buying machines?"

  Zhu Zhaojiang nodded, “That’s for sure. After I heard that there was a price increase, many users who bought the Fuxing mobile phone showed off on social media, thinking that the value of this mobile phone is worth buying and it will save face when it is taken out."

  Xia Jingxing fell into silence. Was the Wisdom Fruit of the previous life hyped up like this in China?

  Some people have to buy fruit machines for selling kidneys, and some people have to buy fruit machines for selling themselves...

  This gives the mobile phone extra meaning. It is no longer a communication tool, but a luxury to show off.

  Fuxing mobile phones are not so exaggerated at present, but there are already some signs of this.

   "Just enough, after the second batch of stocks arrive next month, the scalpers will have no room for speculation."

  Zhu Zhaojiang glanced at Xia Jingxing and reminded: "There should still be some."

  (End of this chapter)