Chapter 1150 Hongmeng 2007 (Part 2)
“Mr. Xu, Hongmeng Japan’s Gonggong studio has deep experience in the development of handheld consoles. We are not short of funds now, so can we also enter the handheld console business? Market?" Wei Xiao asked eagerly.
The handheld and home console markets of Nintendo, Microsoft, and Sony are really too tempting.
Xu Liang: "Old Wei, what do you think of the smartphone launched by Kunlun?"
"Excellent, it can be called a revolutionary product in the mobile phone industry!"
He is not stupid. Of course, what the big boss has worked hard to develop must be greatly appreciated.
"Is the game "Fruit Crush" that comes with the phone fun?" Xu Liang asked immediately.
Speaking of this, Wei Xiao felt somewhat dissatisfied.
Such a good game is not from Hongmeng Games?
But the little-known Jiahua game.
He has also met Fan Xiaopang, the boss of Jiahua Games.
It is indeed a beauty in the world.
No wonder the big boss is so fascinated that he repeatedly transfers Hongmeng Pan Entertainment assets to K. Wah Group.
So even if you are a little dissatisfied, you can only sing praises.
Otherwise, I won’t be able to bear the blow from someone else’s pillow.
""Fruit Crush" is indeed a very good game."
Xu Liang changed the subject, "I think everyone here knows Moore's Law:
What can be accommodated on an integrated circuit The number of transistors doubles approximately every 18 to 24 months. In other words, the performance of the processor doubles approximately every two years. At the same time, the price has dropped to half of the previous price.
This means that the performance of computers and mobile phones has doubled every two years.
Nowadays, smartphones can only run "Fruit Crush". 》Small games like this, which are less than 40MB, will be able to operate hundreds of MB or even 1G games in a few years.
If you can play AAA-level game masterpieces on your mobile phone and achieve top-notch picture quality, then who would be willing to spend another one or two thousand yuan, almost the same as a mobile phone, to buy a handheld console? "
Looking across the people with thoughtful eyes, Xu Liang continued.
"Old Wei, you are the CEO of the company, and you must focus on the long term.
Handheld and home game consoles do make money, and that won't change even in the next ten years.
But what about ten years from now?
If Hongmeng enters the handheld market, as you said, we have sufficient funds and certain research and development experience.
But even so, it will take two years to do research and development.
After the launch of the handheld console, there were obstacles such as Nintendo, Microsoft, and Sony, so we could not capture a large share at the beginning.
There will inevitably be a fight between dragons and tigers.
Even if we can win by then, it will be five or six years later.
How much time is left for us to make money to cover R&D, production and other expenses?
Instead of struggling to earn money in four to five years or at most less than ten years, it is better to aim at the mobile game market that is destined to become a blue ocean now.
Get ahead of everyone and lay the foundation in advance!
Old Wei, what do you think? ”
Wei Xiao’s face turned red. Although the big boss said it tactfully, even a fool could hear that the big boss criticized his short-sightedness.
He quickly felt ashamed.
"Mr. Xu, when I get back today, I will immediately convene a meeting with the top management of the major studios to preside over the research and development of mobile games."
Xu Liang nodded.
Although Wei Xiao is short-sighted, he is more honest, less frivolous, and has good management skills.
This is also the reason why he can firmly sit as the CEO of Hongmeng Games.
"When will the Hongmeng Games launch road show start?"
"Seven days later, we and the Hanhua people will go to Magic City first, then Pengcheng, Japan, South Korea and Singapore, then go to the United States, and finally from Europe Go back to Xiangjiang." Wei Xiao said quickly.
After Xu Liang nodded, he waved his hand to indicate to sit down.
When his butt touched the chair, Wei Xiao relaxed.
It's finally over.
The big boss on the stage didn't talk much and had a smile on his face, but when he looked at him, his whole body became nervous unconsciously.
Xu Liang swept away the crowd.
“Lao Shang, tell me about your Hongmeng Finance company.”
Hongmeng Payment has been renamed ‘Hongmeng Financial Company’.
Last time, through the above hope, the 'Hongmeng Headquarters Project' was renamed to 'Future Science City' and became another Silicon Valley strategic plan outside of 'Zhongguancun' in the capital. Hongmeng Pay obtained the coveted 'Internet Payment License' .
From a black household to a city dweller.
The company's business has also begun to expand.
‘Yue Bao’ has been added, and something like ‘Borrowing’ has also been added.
Cooperated with Hanhua to launch funds and insurance under Hanhua.
It can be said that in the financial sector alone, Hongmeng Pay is not much different from the later Yu'E Bao.
The life section relies on the accumulation of Hanhua and Hongmeng over the years, as well as the relationship between the Jiang family.
It has opened up online payments for water, electricity, and coal in all first- and second-tier cities, paying phone bills, buying movie tickets, train tickets, etc.
“Mr. Xu, dear colleagues, Hongmeng Pay currently has 157 million registered users, making it the largest online payment company not only in China, but also in Southeast Asia, Japan and South Korea.
In the two quarters of this year, Through Yu’e Bao and Jiebei's share of revenue was 3.174 billion Chinese yuan, a year-on-year increase of 77.3%; net profit was 834 million Chinese yuan, a year-on-year increase of 135.5%. "
In the entire Hongmeng Pay, the most profitable are 'Yu'E Bao' and 'Jiebei'. '.
The total amount of the former has grown to 24 billion Chinese dollars, making it the largest mutual fund in China.
Like Jackma, Hongmeng Pay also acquired a currency fund, which is one of the reasons why Hongmeng Pay was renamed Hongmeng Finance.
This huge money fund can earn a profit of nearly 6 points by investing in low-risk government bonds, overnight lending and short-term hospitality.
Hongmeng Pay keeps two points of profit for itself and gives the rest to customers, which can attract more and more idle funds to invest in "Yu'E Bao".
‘Jiebei’ is a product of cooperation between Hongmeng Financial and Guangdong Development Bank.
In fact, the best way is to invest the money from Yu'E Bao and borrow it.
This in and out is a spread of nearly ten points.
Even after sharing with Yu’e Bao, Hongmeng Pay can still retain a net profit of five or six points.
Unfortunately, Hongmeng Financial is not a bank after all and does not have the qualifications to lend to the public.
We can only cooperate with 'Guangdong Development Bank'.
Platform fees are charged in the middle.
If you are abroad, of course you have to cooperate with Standard Chartered Bank.
“In the two quarters, the total platform fee income from financial platforms and lifestyle platforms was 578 million Chinese dollars, a year-on-year increase of 56.3%; net profit was 403 million Chinese dollars, a year-on-year increase of 77.5%.
Among them, the revenue and profit of the financial platform accounted for 77% of the total revenue and 84.3% of the total profit.”
The water, electricity, coal, train tickets, phone bills, etc. that the life platform cooperates with are huge state-owned enterprise giants. Not missing your channels.
So the benefits from them are very low.
Xu Liang nodded secretly. Although Hongmeng Pay has not stood out within the entire group in recent years, its development has not been slow.
“Lao Shang, Hongmeng Financial is developing well. However, domestically, it is limited by the environment, so that’s it.
There is huge room for development abroad.
You want Be more considerate.”
“Don’t worry, Mr. Xu, Yu’e Bao Overseas Mutual Fund has been successfully registered in Japan, South Korea, and 11 Southeast Asian countries, and will be officially listed by the end of July at the latest.
In terms of investment channels, it is still with Hanhua Cooperate with Standard Chartered."
Shang Zhengfeng said quickly.
Xu Liang nodded, "The financial environment abroad is more relaxed than at home. After today's meeting is over, you can contact Hanhua."
He plans to go online with Hongmeng Pay. ETF funds such as 'Golden Treasure' and 'Silver Treasure'.
Of course, there are now ETF funds on Hongmeng Pay, such as the first domestic ETF fund ‘Shanghai 50’.
This is an index fund launched by Hanhua Securities, which can be traded on the websites of Hongmeng Pay and Hanhua Securities.
However, this kind of ETF fund based on index or futures has limited appeal to ordinary people.
But gold and silver are different. They have been symbols of wealth for thousands of years and can attract attention in any country, especially the former.
Xu Liang still remembers the days when ‘Yue Bao’ launched paper gold, and how he watched the price of gold every day.
"Okay, Mr. Xu."
After waving for him to sit down, Xu Liang called out to Liang Xiaoping, the president of Chaos Company.
Chaos Company is China’s ‘Digital Earth’, providing accurate satellite maps to users around the world.
"Mr. Xu, the Feilian imaging satellite is currently operating well. The Baize, which was renewed from the Canadian MDA company, will be delivered in September. The launch is still Blue Origin.
The subsequent "Baize" and "Jiuying" will not be delivered until June next year. ”
Global imaging satellites are different from communication satellites. Three of the former can cover the world, and four are more effective.
For the latter, the GPS of the United States has 24 satellites, while the Beidou of China has 39 satellites.
“In terms of customers, in addition to Bing, we have signed contracts with 13 companies including Domestic Baidu Company, Sogou, Japan Super Map Co., Ltd., etc.
Main business in the two quarters of this year Revenue was 27.83 million Chinese dollars, net profit was 9.53 million Chinese dollars..."
In terms of financial data, Liang Xiaoping introduced it very simply.
No wonder he is like this.
Chaos Company has been losing money until now. Not to mention anything else, just four imaging satellites cost the company nearly 200 million US dollars. Plus ground receiving stations, personnel training, and operating expenses.
Chaos has invested $260 million.
Even a fraction of the investment has not been recovered until now.
Xu Liangdao didn't think so. In the aerospace field that Chaos Company was involved in, China's market was too narrow and resources were concentrated on it.
There is no hope of recovering the cost in a short period of time. Xu Liang would be very satisfied if he could even maintain his expenses within three to five years.
But he was not satisfied with just having Chaos become a supplier of satellite imagery.
The next step will be to enter the field of GIS.
Digital Earth, Remote Sensing (RS), Global Positioning System (GPS) and Geographic Information System (GIS) are concepts that are easily confused.
Chaos is now a digital earth company that arranges satellite photos, aerial photography and GIS on a three-dimensional model of the earth.
I won’t talk about GPS.
Remote sensing is a technology that identifies and measures targets through long-distance detection of electromagnetic wave information radiated and reflected by targets.
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It has the characteristics of high precision, high efficiency and saving manpower and financial resources, and is widely used in resource census, environmental disaster monitoring and other fields.
The four satellites launched by Chaos Company use remote sensing technology.
GIS is a computer system that specializes in processing geospatial data and can input, manage, analyze and express geospatial data.
GIS plays an important role in regional geographical environment research and urban management.
The largest company in the GIS field in the world is the ‘American Environmental Systems Research Institute, Inc.’.
This company, founded in 1969 and headquartered in Redlands, California, has offices across the United States.
We have branches or agents in all major countries in the world, with a total of more than 4,000 employees worldwide.
Its business partner program has more than 2,000 field developers, consulting service providers, value-added agents and data providers around the world. Together with international agents distributed in 80 countries, ESRI forms a strong Technical support and service network.
In the United States, ESRI is considered to be one of the largest software suppliers to the U.S. federal government, following Microsoft, Oracle and IBM.
It has entered China in the 1980s, but it has never taken off.
It’s normal to think about it. How could China allow an American company to openly collect its own country’s geographical information and city information?
However, GIS is an industry that requires deep knowledge, and it is difficult to achieve results in a short period of time.
You have to eat one bite at a time. At this stage, Chaos Company’s only goal is to do a good job in the digital earth business.
At least make a profit first.
After a few instructions, Sun Yan, the president of YouTube, stood up.
“...As of now, Youku has a total of 4.17 million videos of various kinds, totaling 137,000 hours, 188 million daily users, 2.17 million registered members, and 57,000 video bloggers.
In the two quarters of this year, Youku’s total revenue was US$370 million.
Among them, advertising revenue accounts for 41%, membership income accounts for 33%, sponsorship and brand cooperation account for 12%, and other income accounts for about 4%. ”
Youku creators can earn additional income through features such as 'Super Comments' and 'Product Shelf'.
Super Comments allow viewers to purchase products in the comment area, while the Product Shelf allows viewers to purchase products in the comment area. Products are displayed and sold in the video
and Youku gets a share of the sales
This is how 4% of income comes from.
“Total expenditures are US$480 million.
Broadband and server expenditures account for 34%, copyright expenditures 21%, employee salaries 36%, and other expenditures 9%.”
Xu Liang said calmly: "How much money is left on Youku's account?"
"75 million US dollars, for up to four months."
"Have you talked to Disney, 20th Century Fox, and Paramount?"
"I have sent an email, but there is no reply yet."
In 2005, Xu Liang and Suo While Ross was fighting it out in the gold market.
The five major Hollywood giants, Disney, 20th Century Fox, Paramount, Sony, and Warner Bros., joined forces to sue Youku for copyright infringement.
The two sides went to court.
A settlement was eventually reached.
Youku handed over 51% of its non-voting Class B shares to the five giants to obtain an investment of US$1.6 billion from them.
Of the $1.6 billion, only $800 million is in cash, and the rest is copyright licensing fees.
“This matter cannot be delayed, and it must be settled as soon as possible.”
Sun Yan nodded, after a slight hesitation.
"Mr. Xu, I'm afraid some of Disney and others don't want to continue with this financing."
"Who?"
"Sony and Warner."
Exit Xu Liang Clearly.
Sony only got out of the quagmire of losses after the release of "Spider-Man". In 2005, it took over the mess of MGM, and now it has a lot of things on its hands.
Warner was simply fooled by America Online.
The stock price collapsed by two-thirds from its peak of more than 200 billion.
Who can bear it.
In order to pay off debts, even Warner Music was sold.
The reason why the two of them joined Youku was mainly because they were tempted by the Internet craze that broke out in 2005 and wanted to take a gamble and make quick money.
As a result, from 2005 to 2007, in the past three years, Youku's losses have not only not narrowed, but have become larger and larger.
Even Youku’s valuation has been affected.
I want Youku to go public.
But Hongmeng will not allow it. They are only Class B shares and have no power to interfere in the company's operations.
It’s like being directly trapped.
If it weren't for the lack of opportunity, Sony and Warner would have jumped on the bandwagon long ago.
“What about the remaining three?”
“Disney and Paramount are still hesitating, but 20th Century Fox has always been interested in the Internet industry, from investing in MySpace to Youku, although it has suffered losses , but Murdoch has never made a move.
So he is most likely to invest.”
Xu Liang: “Are there any venture capital investors outside that are interested in Youku?”
"Sequoia and Kleiner Perkins are interested, but their quotes are a bit low."
"Talk to them and agree to them as long as the price is not too low."
Youku (YouTube) There will be at least ten years of loss, and the company will lose at least 3 billion U.S. dollars, or even more.
Xu Liang had no intention of filling such a big hole himself.
"Mr. Xu, should you just let Youku go public? Nasdaq does not require you to be profitable."
Sun Yan's eyes were filled with anticipation.
Listing is not only convenient for raising funds, but it can also double his worth.
And he also wants to be the president of a listed company.
Xu Liang thought about it and shook his head.
YouTube's losses will become larger and larger. When the six-month blockade ends, it will coincide with the subprime mortgage crisis, and the stock price will inevitably plummet.
Forget about cashing out.
If you buy at the bottom, you will have to bear all the subsequent investments in YouTube, which is such a loss.
You can neither cash out nor buy the dip.
Listing will lose its meaning.
“Let’s talk about it later. Youku is not suitable for listing at this stage.”
Although Sun Yan was a little disappointed, he didn't say much.
Next, Xu Liang called Qiu Bojun.
Although Android Company is the shortest established company under Hongmeng, it is developing rapidly.
Especially the hot sales of Apple mobile phones and Kunlun mobile phones, smartphones have quickly become a hot topic in the global technology industry.
Hundreds of smartphone companies, large and small, were born.
These companies definitely do not have the ability to develop mobile operating systems.
There are only two real smartphone operating systems in the world.
One is Android under Hongmeng, and the other is IOS under Apple.
The latter is for internal use, so the only choice left is Android.
With this trend, Android has easily occupied most of the global smartphone operating system market.
"Currently, there are 117 smartphone companies using the Android system in the world, including many large manufacturers such as HTC, Meizu, and Lenovo..."
"Lenovo also uses the Android system?" Xu Liang asked with interest.
His relationship with Old Man Liu is not a good one.
“Lenovo has no second choice.”
Old Liu has been in business for many years, and he must value money more than face.
(End of this chapter)