Chapter 1104 A New Era
Hongmeng Games can be said to be second only to Bing within Hongmeng.
Especially now, with World of Warcraft in full swing.
China's game market continues to skyrocket.
Once the company goes public, it is highly likely that the market value will exceed 100 billion US dollars.
"Hongmeng Games, Kingsoft, and Universal Pictures should all prepare together and strive to go public in June this year."
There's a subprime mortgage crisis coming soon.
Now that it is listed, the half-year blockade period has passed until the end of 2007. Before Lehman collapses, we will sell a wave of equity.
Anyway, with the AB share system in place, you don’t have to worry about others taking away the company if you hold too few shares.
Wait until Lehman collapses and the crisis reaches its peak, then take advantage of the opportunity to buy at the bottom.
This one goes in and one goes out.
At least Hongmeng can earn another few billion dollars.
Xie Wen was a little surprised.
I didn’t expect that the big boss would be so happy to list all Hongmeng’s highly profitable subsidiaries?
"You don't agree?"
"No, no, it's just a bit unexpected. In the past, our subsidiaries were listed one by one, but now they are all launched at once. Some of them are very busy this year."
"It's better to be busy, because being busy means that the company is developing."
"You are talking about the listing strategy...?"
"Same as Bing, it is listed on both Hong Kong and Nasdaq. JP Morgan and Goldman Sachs are responsible for the United States, and Hanhua is responsible for Asia."
"Universal Pictures is also listed on Hong Kong and Nasdaq?"
Hongmeng Games accounts for a large proportion of its business in Asia, accounting for about 40% of the company's overall revenue.
However, after Universal Pictures integrated DreamWorks Animation, 90% of its revenue is located in the European and American markets, so there is no need to list in Hong Kong.
“It must be listed in Xiangjiang.
Nowadays, Hollywood is popular all over the world, especially in the Chinese market, where the box office is getting higher and higher.
However, none of the major Hollywood companies are listed in the East. Universal Pictures' second listing here is considered to be testing the waters. The initial stake does not require much.
5% will do.
If the results are good, new shares will be issued. ”
Xie Wen nodded and agreed.
"Lao Xie, is Bing's listing blackout period coming soon?"
"One month and seven days left."
"After Bing is unblocked, it will sell its shares to the outside world without affecting Bing's stock price. Yihaodian and Sina, as well as Hongmeng Games, Kingsoft Software and Universal Pictures that will be listed later, will also do the same."
"Mr. Xu, are there any restrictions?"
"It cannot be less than 10%, just maintain our management rights over major subsidiaries."
Xie Wen nodded and smiled.
“By next year, I’m afraid Hongmeng will become the technology company with the most cash in the world.”
The market values of Bing and Hongmeng Games are basically over 100 billion US dollars. Even if they sell 10% of their shares, they can recover US$23 billion in after-tax income.
If you sell 20%, this amount will double.
Plus other companies.
By the end of 2008, Hongmeng headquarters was able to recover at least US$50 billion in cash. With global stock markets rising well and Internet stocks being favored by capital,
60 billion, 70 billion, maybe even higher.
Coupled with the cash accumulated by Hongmeng itself.
That's a small $100 billion.
No other company in the world has so much cash.
Xu Liang smiled. It was true that he didn't have it now, but later that rotten apple accumulated US$250 billion in cash assets.
This money is just deposited in the bank to earn interest, and Apple's income exceeds 99.99% of the world's largest companies.
"There is indeed more liquidity, but it is only temporary. When the sores of the subprime mortgage crisis in the United States burst out, we will still have to use money to buy the bottom."
The overheating of the U.S. real estate market is no secret to Xie Wen, who is already at the top of the business world.
"Do you think the U.S. subprime mortgage market will collapse in 2008?"
"No, there will be signs this year. But it will take some time for the crisis to break out, and the peak will be in 2008."
Xie Wen nodded. Over the years, the big boss's judgment has never gone wrong.
Glanced at him.
“The capital market risks are too high, and there is no need for Hongmeng to rush in.
With its huge capital accumulation, just low-risk government bonds, overnight lending, and currency funds are enough for Hongmeng to make a lot of money. ”
"Don't worry, Hongmeng will not make high-risk investments." Xie Wen said with a smile.
Xu Liang stood up.
"I've said all that needs to be said. Just do your work. I'll go to other departments."
Xie Wen agreed, turned and left.
Xu Liang came to Hongmeng R&D headquarters.
Last year, Hongmeng’s R&D headquarters was still in the UFO.
But there are people from all major companies here, and people come and go, so the risk of leaking secrets is very high.
Therefore, we will wait for the second phase of the ‘Future Science City’ to complete the unfinished buildings that originally belonged to the ‘World Style Park’.
Hongmeng R&D headquarters picked the largest one and moved it there.
After the reconstruction of the "World Style Garden" plot, 70% became green space, leaving 18 independent buildings with different styles from various countries.
They range from three to four thousand square meters to tens of thousands of square meters.
Because of the beautiful scenery and the excellent location.
As soon as it was launched, it was taken away by financial and technology companies from all over the world.
Foreigners prefer such green places.
"Mr. Xu, happy New Year."
Hearing that the big boss was coming, Qiu Bojun, the chief engineer of Hongmeng Research Institute's "mobile operating system" research and development, hurriedly came out to greet him.
"Happy New Year. Lao Qiu, I heard Mr. Xie say that you have come up with mature products, so come and take a look."
Hongmeng has been developing mobile operating systems under the leadership of Xu Liang since 2003, and acquired Android in 2004.
The cooperation between China and the United States has accelerated several times.
"Just made it last month."
"Come on, show me." Xu Liang said happily.
"Please come this way."
The two came to the laboratory.
After rigorous inspection, Xu Liang got the smartphone he had longed for.
"This is a mobile phone we made together with Kunlun Company. The main screen is 3.5 inches, the resolution is 320×480 pixels, the phone size is 115×61×11.6mm, and the body weight is 135g.
The network mode is GSM, the data service is GPRS, EDGE, and the network supported frequency band is GSM850/900/1800/1900MHz.
The CPU model is ARM11, and the rear camera has a pixel size of 2 million pixels. "Qiubojun said excitedly.
Xu Liang took it.
This phone does not have a ‘home’ button placed at the bottom of the screen, but uses the ‘three-keyboard mode’ that was very common in the previous generation.
The former has been patented by Apple.
There are not many apps, and they are basically mobile versions developed by Hongmeng and Penguin.
I clicked on the Penguin APP and tried it. The Internet speed was very slow and it took three seconds to open.
Xu Liang frowned.
This speed is very uncomfortable for him who is used to the speed of later generations.
But there is nothing we can do. China is still 2G now and will not truly enter the 3G era until 2009.
So, this is actually a 2G phone.
Xu Liang worked hard, and because of his guidance, this phone has the shadow of mature smartphones in later generations.
For example, the control center list slides down, and the phone book and text messages are fixed at the bottom, etc.
The only pity is that the speed is too slow. In order to increase the opening speed as much as possible, the APP has many fewer functions than the PC version.
But the flaws do not hide the virtues.
This is indeed an epoch-making mobile phone, stepping into the threshold of smartphones with one foot.
After being satisfied, Xu Liang put down his phone.
"Lao Qiu, you have worked hard these past few years." Qiu Bojun's face was filled with pride. In the past four years, he has spent most of his time in Hongmeng's laboratory, leading an increasingly large team in research and development. This operating system is officially named 'Android'.
After putting in countless efforts and hard work, we finally saw the dawn of victory.
After patting his shoulder, Xu Liang continued with a smile.
"I am going to set up an 'Android Company' to be responsible for the promotion, research and development and operation of the Android operating system, and you will be the CEO."
"Should I be CEO?"
After Xu Liang nodded, "No one is more familiar with Android than you. And this Android is only the first one, and it will take a lot of time to perfect.
Develop a better 3G version, and there will be a 4G version in the future, etc.
In addition, as the CEO of Android Company, you also hold 3% stock options of Android Company.
How about it, are you willing to take on this responsibility? ”
Qiu Bojun nodded after thinking for a while.
"Since you trust me, I am willing to take over Android."
"Haha, I knew you would agree."
Xu Liang waved, and Lu Hui handed over a document.
After flipping through it briefly, he handed it to Mr. Qiubo.
"This is the development plan for Android Company that I wrote. Take it back and have a look. If there are no problems, just start taking action."
This plan is the free plan provided by Google for Android.
Qiubo Jun took it and flipped it over, "Mr. Xu, if Android develops according to this plan, then Kunlun's mobile phone business will have no advantage over other companies."
He and Lei Jun are very good friends after working together at Jinshan Company for many years.
"Hongmeng is Hongmeng, Kunlun is Kunlun, they cannot be confused.
Hongmeng Android’s goal is to become the world’s number one ‘mobile operating system’ company.
As for Kunlun, even without the exclusive rights to the Android operating system, no mobile phone company in the world can match it except Apple. ”
I hope Mr. Bo understands what he means.
Kunlun has come up with a full-fledged Android smartphone with the help of Hongmeng Android.
In contrast, other mobile phone companies, even Motorola and Ericsson, are still immersed in the world of feature phones.
Kunlun has caught the pulse of the times, but they have not.
This is a huge advantage.
"Okay, go back and prepare for your Global Developers Conference. Kunlun will naturally have its own way."
"Yeah."
After explaining Qiu Bojun, Xu Liang went around in other departments of the R&D department.
Hongmeng’s R&D department has many departments. However, after splitting off the R&D departments of subsidiaries such as Bing, Yihaodian, and Sina, the R&D departments that still remain at the headquarters mainly focus on cutting-edge technologies such as big data, artificial intelligence, cloud computing, and virtual reality. Technology is the main focus.
After inspecting Hongmeng and having dinner with the company's senior executives in the evening, Xu Liang returned home.
After looking at Jiang Xiaoyang and his son, he came to the study room with Hongmeng's 2006 operating information and financial report.
After selling off Wangke and merging Universal Pictures and DreamWorks Animation, there are currently eleven subsidiaries under Hongmeng Corporation.
Bing, Yihaodian, Sina, Universal Pictures, Hongmeng Games, Hongmeng Pay, Youku (YouTube), Hongmeng Pay, Pangu Company, Chaos Company and Android Company.
Pangu Company operates big data and cloud computing. After nearly four years of development, it has become the largest big data and cloud computing company in Asia.
Because it was established earlier than Amazon.
Its share in the international market is also 9 percentage points higher than that of the other party.
Chaos Company mainly provides satellite images and aerial images, serving global Internet map companies.
Not to mention Android.
For the whole year of 2006, it generated total revenue of US$24.7 billion and net profit of US$5.475 billion.
Excluding Internet Technology, the total market value of its listed companies is US$218.4 billion, with Bing accounting for 70%.
In terms of assets, cash and general cash equivalents were $24.05 billion.
It also owns 12% of the shares of Penguin and 16.3% of Ctrip.
It can be said to be prosperous.
Of course, this prosperity also lurks crisis.
The mobile era is coming. Although Xu Liang has already made plans, whether he can finally grasp it and prosper again for another twenty years depends on the management of him and Hongmeng senior management.
Jingle bell…
The phone rang.
After picking it up and looking at it, I pressed the answer button.
"Mr. Xu, it's me, Lei Jun."
"Lao Lei, is it okay for you to call me so late?"
"Mr. Xu, Kunlun has signed a purchase contract with Foxconn, and 20,000 Kunlun K1 mobile phones have been shipped, so I want to hold a new model launch conference to officially launch the 'Kunlun K1' smartphone."
In the past life, it was the basic practice of all consumer electronics companies to invite large media and major customers to hold a new machine launch conference.
So when Kunlun was established, Xu Liang told Lei Jun this idea.
Whenever Kunlun launches a new computer, it will find a gymnasium or auditorium to hold a press conference for the new computer.
Come down again and again.
Kunlun has become the domestic technology giant second only to Lenovo.
Even among most young people, Kunlun has a better reputation than Lenovo.
"Okay, no problem. When you decide the time, remember to tell me."
"Okay."
"How is the chip development going?"
At the beginning, Xu Liang acquired all the R&D and production patents of Hynix's IC chips.
The latter was sold to SMIC, and the R&D patents were sold to Kunlun, allowing it to directly develop mobile phone chips.
The examples of Apple and Huawei prove it.
If you want to make a good mobile phone, self-developed chips are the way to go.
An adapted chip not only saves more power and runs more smoothly, but can also tap into more performance of the chip.
"Mr. Xu, we are still working hard."
"Will the finished product be available by the end of this year?"
"I will do my best."
Judging from his tone, Xu Liang knew that he was reluctant.
But this is understandable.
China's mobile phone SOC foundation is too poor.
No talent, no foundation.
Even with Hynix's patent, Hynix itself is second-rate in this area.
Moreover, after these patented technologies arrive in Kunlun, they must be digested and absorbed before innovating on their basis.
It takes too much time.
“I know it takes time to develop self-developed chips, and Kunlun’s foundation is poor, but if a company wants to go long term, it must have its own patent pool.
Just doing assembly without its own moat will not last long. ”
"I understand. Mr. Xu, don't worry, I will urge the R&D department to come up with qualified 3G mobile phone chips as soon as possible."
"When you encounter difficulties, remember to tell me and I will fully support you."
"Yes."
The two chatted for a while and then hung up the phone.
Kunlun's SOC chips were aimed at 3G from the beginning and gave up on 2G.
Setting high goals is also one of the reasons for difficult childbirth.
But Xu Liang doesn't want to waste precious funds on 2G, a technology that is destined to be eliminated soon.
Would rather spend more time and energy.
"The era of intelligence is coming soon, and some Internet giants in the new era must start planning early."
China’s Didi, Meituan, and Toutiao, and foreign companies such as Uber and Airbnb.
This time he doesn't plan to get involved personally, but simply becomes an investor.
It is enough to get Ali, Penguin, and Hongmeng. If we talk more, Iron Fist will come.
The same goes for the United States. One Facebook is the limit of the United States.
(End of chapter)