Chapter 1269 – Chinese Web
“Manager Feng, why did you call all of us here?” Ma Yun asked.
Ma Yun, Pony Ma, Wang Zhixi, Ding Lei, Li Yanhong, Zhang Chaoyang, and all the Bosses of internet companies, including Zhong Qingxian, Liu Chuanzhi, Qiu Bojun, Sun Lijie, etc. are in the office.
“I have an idea, but I need to discuss with all of you to see if it will work.”
Everyone’s eyes brighten up when they heard what Feng Yu said. All of his ideas are brilliant, and all of them are at this meeting means they will get a share of it.
“Manager Feng, do we still discuss your ideas? It must be a profitable idea.” Sun Lijie was the first to reply.
The rest did not say anything, but from their facial expression, they also agreed with Sun Lijie.
“All of us have classmates, right? Have you ever wanted to contact one of your former classmates but could not?” Feng Yu smiles as he asked.
“Of course. After graduation, everyone had gone separate ways, and some even changed several jobs and moved away. You should know that we don’t even have pagers at that time, and many of our families don’t even have telephones.” Liu Chuanzhi sighed.
Pony Ma asked. “Manager Feng, are you suggesting setting up a website that can help people to find their former classmates?”
The rest got excited after hearing what Pony Ma said. Finding former classmates is a good idea, but after that, they felt it might not work too.
Many people have telephones at home or mobile phones, and mobile phone technology is developing rapidly and getting more common. It is not that troublesome to find their former classmates compared to before. But many people at Liu Chuanzhi’s age are not using PCs or know how to use one.
That’s why Liu Chuanzhi felt this idea might not be profitable.
But Li Yanhong felt this is a great idea. Most people his age know how to use a PC. Although most people own mobile phones now, they don’t know their friends’ numbers, and if there is such a website, many people will register an account.
Everyone has their own views, and they look at each other without saying a word.
Shi Dazhu said. “If you all think this might not work, then let me do it. My Giant Internet will develop this website.”
Shi Dazhu had produced Chinese language cards and set up an internet technology company. He had made money from selling health supplement products. Still, he invested all his profits into Giant Internet as he felt the internet company is the next big thing.
Shi Dazhu had wanted to develop online games to increase his company’s reputation. But it’s not easy to develop online games. His game must be different from others, fun, and takes time to develop.
When Feng Yu made this suggestion, he immediately felt this will work and help his Giant Internet quickly gain awareness.
Pony Ma immediately voices out. “Manager Shi, I did not say this will not work. I think it will be easier for Tencent Group to do this because we are China’s biggest instant messaging software with the most active users. This is our advantage.”
Feng Yu looked at Pony Ma and remembered that Tencent had developed a QQ Campus in his previous life. It was popular for a period.
Many people said Tencent is a company that focuses on copying others. Whenever a software or site becomes popular, it will develop its own version and overtake the original with its big userbase.
But these people did not notice Tencent’s products are more user-friendly and better. That is the real reason why they can win against those original products.
Tencent’s goal is to create an internet empire, and an empire must have a variety of products. Aiwa might be very popular in the consumer electronics sector. Still, they cannot set up an empire as they are only focusing on music-related products.
That’s why Pony Ma is interested in all sorts of internet products.
“I think we should be the best ones to develop this site. We are the best in blogs and have the biggest advantage.” Wang Zhixi said.
After one person expressed interest, the rest started to speak up. But Liu Chuanzhi and Qiu Bojun remained quiet, and Zhong Qingxian is frowning.
Feng Yu interrupted their argument. “Since all of you are interested, why don’t we all work together to set up this website? We can make use of each companies’ advantage and develop it.”
All of them realized why Feng Yu had asked all of them to this meeting. He wants all of them to work together.
“Manager Feng, how are we going to split this company’s share?” Ding Lei asked.
“Tai Hua Holdings will provide most of the funds, and each of you will provide the necessary technologies to form a new internet company. I will give each of you 5% shares of this company.”
Everyone exchange looks and is not happy with this outcome. Their companies can develop this site easily and didn’t need to work with others.
Shi Dazhu asked. “Manager Feng, if I can invest a sum of money, can I get more shares?”
Feng Yu looks at Shi Dazhu. “Yes. I planned to invest 100 million RMB in the initial phase and will continue to invest in the future. If anyone of you is willing to invest money, I can increase your shares.”
Zhong Qingxian suddenly asks. “Manager Feng, is the proportion of shares for the technology too high?”
There are eight companies there, and it will amount to 40% shares of this new company. If Feng Yu sells additional shares to them, who will be the controlling shareholder of this company?
Zhong Qingxian is Tai Hua Holdings CEO, and he must think for the company.
“I had not made myself clear earlier. The 5% shares I mentioned earlier are for your companies and not individuals.”
Tai Hua Holdings is the main shareholder for most of the companies here. They will still be the controlling shareholder of this new company. Even if everyone’s shares are the same, it will still be Tai Hua Holding calling the shots.
Zhong Qingxian did not continue as Tai Hua Holding will be the biggest shareholder of this company.
“Then if I invest a sum of money, I will own the shares?” Shi Dazhu asked the question everyone wants to know.
“Of course. But each one of you cannot own more than 5%. If anyone of you is going to sell your shares, the original shareholders must get the priority to buy them.”
“No problem.”
Besides Shi Dazhu, Ding Kei can also afford to invest as NetEase is making profits now and has received high dividends over the past two years. The rest cannot afford all 5% of the company’s shares, but they still invested some money. All the top internet companies in China are in this joint venture, and it is impossible to fail!
“Oh, I had come up with this internet company’s name. Chinese Web. The web that connects all Chinese.”
