When the plane landed, the snow had stopped. /

The climate in Beijing is dry, and the snow particles on the fields beside the road are blown by the wind and swirl everywhere, sometimes covering the front view. The car drives slowly and steadily on the roads in the suburbs of Beijing.

In the summer of 1996, Ma Xiangdong, who was wearing jeans and a T-shirt, was not much different from a Tsinghua student who was about to graduate: he had great ambitions, many ideas, and was troubled by the choice between employment or going abroad. He had no girlfriend. When his career was not successful, he had no intention of finding a girlfriend. In the summer two years ago, even if Ma Xiangdong had great ambitions, he would not think that his ideal would be realized in more than two years. Novel chapters are updated the fastest

To be in charge of a prestigious company a few years before the first node of life planning is to be considered proud of life anyway.

Well, I admit that these are the goals I set for the age of 30. What's wrong with realizing them ahead of time? In the compartment of the limousine, Ma Xiangdong said happily, his voice rising uncontrollably, I I still find it very strange, you know, in fact, Kumho can insist on not diluting its equity in Quantum...

As you know, the purpose of establishing a venture capital fund at the beginning was to promote and support the incubation and growth of new technology companies, explained Zhang Cha. Even if you talk about investing, you think it's too much, let alone speculative... ... Having said that, Zhang Ke himself felt a little funny, with a shallow smile on the corner of his mouth, which seemed somewhat unpredictable to Ma Xiangdong and Zhao Zilin. Fiction novel chapters are updated the fastest

The halo of high-tech and network economy hangs over the entire North American and European regions, and the entire market has good expectations for the prospects of new technologies... But at this time, it seems that new technologies need to maintain long-term prosperity and need a deeper foundation. .” Zhao Zilin commented objectively, and she also disagrees with continuing to invest too much capital in the Internet industry.

Zhao Zilin and her team are in charge of the Oak Park Venture Capital Fund with a total amount of 500 million yuan for Kumho, focusing on supporting the growth of small and medium-sized high-tech enterprises. In the past two years, the Internet has definitely been the most important branch of new technology concepts. Domestic venture capital is still very weak. Oak Park Ventures must be considered a powerful company. Foreign venture capital has been flocking to the domestic Internet industry. Oak Park Ventures More inclined to support technology companies with basic technologies.

However, Oak Park Venture Capital's holding in the land may be said to be the largest piece of cake in the domestic Internet industry. In addition to the initial capital of 25 million invested by Oak Park Ventures, Quantum Online invested an average of US$166 per share in last winter and this summer to nearly ten venture capital funds under the famous venture capital Walden Group. Two financings were conducted, and nearly 12 million shares of preferred stock were sold, resulting in nearly $20 million in funding. The price of Kumho’s holdings of Quantum Online’s shares, after conversion, is even less than 2 yuan per share. Even if it is not listed, all the shares held by Kumho will be sold, which can already make a huge profit of six or seven times. Ke will not only have this ambition.

Although the profit model and expectations of the portal website are not very ideal,

But before the first new technology bubble burst, the concept of portals was sought after by most investment institutions. At least before 1999, it unswervingly developed the portal network and invested heavily in capital. At this time, Quantum Online has formed a scale of four stations in mainland China, Hong Kong, Taiwan, and North America. It deserves to be the number one in the world. Chinese Portal.

In order for Quantum to become the first Chinese Internet company to be listed overseas. We have formulated a timetable for listing before next summer. The discussion at tomorrow's meeting will revolve around this timetable... Ma Xiangdong said excitedly to Zhang Ke . Ke Shao should meet Zeng Zihui of Goldman Sachs. I think the two of you will have more in common. Zeng Zihui himself is also looking forward to meeting you...

so far. There is no Chinese Internet company listed overseas yet. On the top of the aura of the first Chinese Internet company listed overseas. For investment or speculative institutions. Symbolism is extremely important. Larger scope, more attention to attract the attention of the public and investors. It means that the listed stock price is higher.

Quantum Online preliminarily selected Goldman Sachs to conduct overseas listing operations. Zeng Zihui is the vice president of Goldman Sachs Asia. Just turned thirty this year. It can definitely be regarded as a wunderkind figure.

certainly. To cooperate with Goldman Sachs. In addition to choosing Goldman Sachs as the underwriter for overseas listings. Quantum Online will also conduct a third and larger financing to Goldman Sachs' venture capital fund. At this time, the price of financing with Goldman Sachs. Seems to be more important than setting a timetable.

Listen to Ma Xiangdong conveying Zeng Zihui's intention to meet him. Zhang Yan agreed without hesitation: Okay. You can arrange it for me. It doesn't hurt to meet him before I leave Beijing.

Although it is more important to go public in the summer of 1999 in advance. But Zhang Ke didn't want to cause others that he didn't care.

appearance. In fact, it is not a myth that the stocks after listing rely on the concept of the Internet for hundreds, thousands, or even thousands of times, or tens of thousands of times the market profit. What a big deal. However, most of the things that are given away for nothing will not be cherished by others. Negotiations should at least be more difficult, or it can be added to the negotiation process if everyone can see each other like old friends and cherish each other.

Zhang Tuoma Xiangdong was very excited, so he didn't think it was strange.

In the Internet industry, most of them are young people like Ma Xiangdong who are full of spirits. It is not difficult to imagine the enthusiasm for the Internet industry in their circle. Let alone Beijing, it is under construction, and more and more people believe that owning the Internet is almost equivalent to owning everything.

Since the spring of 1994, the domestic government has carried out large-scale infrastructure construction for the Internet. Local information ports have penetrated into almost every county-level city. The perfect infrastructure provides a platform for Internet content service providers to display. According to the latest statistical data, as of mid-December, domestic Internet users have risen to

In addition to e-mail, BBs and news have become the new core of the Internet, attracting more and more capital attention. The story of how Ma Xiangdong obtained the first venture capital to start Quantum Online has also become the main topic of discussion after dinner. At this time, the media and the public would rather believe that if you have a perfect business plan, it is enough to get tens of thousands of dollars from investors. In order to win the favor of capital, website creators spend all day planning how to attract more eyeballs and how to occupy important positions in major media every day. At this time in Beijing, new websites are born every day, and Internet companies always have endless press conferences. Beijing also takes the lead in domestic high-tech industry exhibitions by virtue of the Internet industry. Oak Park Venture Capital Fund rarely involves investment in Internet companies outside of Quantum Online. In the eyes of many people, it is an unrealistic thing. Zhang Ke sighed in his heart. No matter how powerful Kumho is, it cannot simultaneously Supporting two first Chinese portals, I don't know how many ambitions will be crushed when the technology stock bubble bursts and the new economic cold wave suddenly hits, and I don't know how many people will struggle in the cold wave Survive and grow into a true internet hero.

At this time, Zhang Ke was more worried about the Ministry of Information Industry's cautious support for Internet companies' overseas listing than the cooperation with Goldman Sachs.

The car drove into the family compound of the former Ministry of Posts and Telecommunications, and saw his little cousins ​​Liang Wenjiang and Wang Cailing standing in the open space in front of the building waiting for him from a distance. Next to them stood a thin young man in his thirties looking at the car. Zhang Ke asked the car to take him downstairs, got out of the car, Liang Wenjiang first introduced Wang Cailing's brother Wang Zhi, Zhang Ke shook hands with Wang Zhi, and asked Liang Wenjiang, Uncle is upstairs?

It was still early to go to the hotel at this time. Although it was a banquet, it was only of a nature. Zhang Ke came over to catch up with the schedule for a meal. Except for his uncle and aunt, neither his cousin Liang Wenshan nor his wife came to Beijing. On the contrary, Wang Cailing's family paid more attention to it. Her brother Wang Zhi and his wife led their daughter back from Wenzhou in Eastern Zhejiang.

Going upstairs, my brother-in-law Liang Guosheng and Wang Cailing's father Wang Xuchen sat in a Japanese-style study and played chess. They greeted their little aunt and Wang Cailing's mother and gave gifts. Zhang Ke stood by and watched the game. Zhi said next to him: I heard from my dad and Wen Jiang that your chess is very good, and it's still early for dinner. Could you ask me a game?

Zhang Ke didn't expect that Wang's family had prepared two sets of chess. He didn't know if he had prepared on purpose, and he was bored. He said, The timing is just right. Wang Cailing ran to get the chess pieces, and Zhang Ke, Liang Wenjiang and the others went to the living room and sat down together. , chatting while playing chess.

Wang Zhi is an ordinary civil servant in the Wenzhou Municipal Government in Eastern Zhejiang. He studied in Eastern Zhejiang University and met his current wife. Wang Zhi heard many stories about Kumho being a legend from his father and sister. When he saw Zhang Ke, he saw that his performance was not much different from that of a slightly silent college student, and he did not see such a dazzling halo. . As far as IQ is concerned, no one sitting in the living room will admit that IQ is worse than others. Maybe Liang Wenjiang's pure IQ is higher. However, like his father, they are all technical. Although his father is a department-level cadre in the Ministry of Information Industry, he actually has no real power. Rarely ask. At the beginning, Wang Zhi was also worried that when he returned to Beijing, he would force his family to engage in technical work, so he decided to stay in Wenzhou. It’s just that his father can’t do anything in Beijing, and his father-in-law’s family has no background in Wenzhou, and his work is not special. As one wishes.

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