Chapter 2124 Bitter Medicine

"Why should they understand us?" Feng Yiping's words made Charles Zhang stunned for a moment, and then his face became a little embarrassed.

He originally thought that his complaints about Wall Street would definitely be supported by everyone present - isn't Old Ding like that?

But Feng Yiping's words undoubtedly clearly showed his disapproval of his words.

Not only disapproval, this rhetorical question directly showed Feng Yiping's opposition.

Isn't this Mr. Feng always smiling and easy to talk to? Why would he clearly express his opposition on such an obvious issue?

Does he have an opinion on me?

He glanced at the side and found that Mr. Ding was also a little embarrassed, and he was relieved immediately. It's good that it's not against me alone.

"Mr. Feng, don't you think it's not like that?" He said.

Although embarrassed, although facing Feng Yiping, he was still quite arrogant.

After all, he was also a leader.

In the early days of China's Internet development, he was also regarded as the godfather of China's Internet industry and was once regarded as the first person in China's Internet.

Graduated from the prestigious Massachusetts Institute of Technology and immersed in overseas for many years, he is also a domestic business person, even in the Internet field, which is considered avant-garde, he is the most individual and high-profile one.

He is very fashionable and has even been on the cover of fashion magazines.

He likes all kinds of popular sports and once skateboarded in Tiananmen Square wearing a baseball cap.

He loves dancing and likes excitement, so he has close contacts with the entertainment industry. In the glass house on the top floor of his company's building, there are often entertainment stars and celebrities from all walks of life, who are partying every night.

Like the head of a well-known domestic real estate company, he also likes mountain climbing - because of his close relationship with the entertainment industry, he is currently planning to take several well-known beautiful stars to climb mountains with him.

There are many beautiful women around him, but he thinks he doesn't need to get married. Like Mr. Ding, he has become a famous bachelor in the business world.

He also made high-profile statements in an interview, "I hope to become the richest man in China one day" and "I am the first famous and rich person in China"...

Let's put it this way. Before Feng Yiping's rapid rise, he was the combination of the high-profile old Ma and a certain national husband in China.

He was a media darling who understood the attention economy very well.

So facing Feng Yiping, who suddenly made all the domestic celebrities, including him, look like yesterday's flowers, although he admired and was somewhat helpless, he still couldn't hide his arrogance.

"We must admit two points at present," Feng Yiping said, "First, we must admit that in the field of Internet, the United States is indeed at the forefront of the world, so in the Internet industry, there is a widespread phenomenon of worshipping the United States,"

"Under this premise, even if there are two companies of the same nature, the American one is definitely more favored and welcomed by investors,"

Charles Zhang thought for a while and said, "I admit this,"

Of course he has to admit this.

Let's put it this way, except for the company founded by Feng Yiping in the United States, domestic Internet companies are still copying the American model and have no substantial innovation.

"We must also admit that even if we exclude policy factors, it is clear that we need Nasdaq more now,"

The policy factors he mentioned here mainly refer to the fact that at the beginning of their establishment, many domestic Internet companies accepted investment from foreign venture capital and were joint ventures.

But in China, it is difficult for joint ventures to obtain the ICP license required by telecommunications operators, that is, network content service providers, which provide Internet information services and value-added services to a large number of users.

So everyone has adopted the establishment of a domestic company in China, and a domestic company is a company registered overseas - the common practice is to register an offshore company as a subsidiary.

This is the VIE model.

Companies established in this way will be regarded by domestic securities regulatory authorities as companies that circumvent relevant policies and it is difficult to obtain listing approval.

Even if they can get approval, the requirements for listed companies in the domestic A-share market are stricter than those of Nasdaq.

The most critical one is to be profitable for three consecutive years.

It is said that the reason why many Internet companies go public to raise funds is mainly because they don’t have enough money to burn. If they don’t have money to burn, how can they conduct business and make profits?

If everyone is aiming to go public in China, it is estimated that few companies will survive.

But the United States is different.

Unlike the domestic review system, the US capital market adopts a registration system. There is no profit threshold for the proposed listed companies. As long as your company's business grows rapidly and occupies a large market share, it can be listed even if it is losing money.

From the overall financing environment, the United States is generally optimistic about Internet companies and high-tech companies and will give them high valuations, so Nasdaq has become the best choice for everyone.

"To put it bluntly, at this stage, we need them. Without this financing channel in the United States, many of our companies will not be able to persist,"

"In this case, what qualifications do we have to ask them to understand us?"

To put it bluntly, this is similar to the relationship between companies and banks.

Your weak company has to beg the bank for loans, while the strong company is begged by the bank for loans.

If you can't get a loan, is it useful to complain that the bank doesn't understand you?

Now there are many companies that hope to ring the bell at Nasdaq, but others do not agree. Later, for example, when Alibaba achieved results, didn’t the New York Stock Exchange and Nasdaq actively compete to visit them to mobilize them to go public?

“But, after all, we provided opportunities to those guys on Wall Street, didn’t we?” Charles Zhang said.

He just couldn’t let go of his face.

Relatively speaking, many domestic companies have to rely on the opportunities provided by Wall Street.

So Feng Yiping pretended not to hear what he said, “The reality is that when we are not strong enough, we can’t expect others to cooperate with us, understand us, and work hard to improve our strength. This is the right way,”

“The development of domestic Internet companies to the current level is the result of everyone’s hard work before, isn’t it? Now, we are far from feeling good about ourselves,”

This is somewhat educational.

Charles Zhang looked unhappy. President Ding was silent for a while. "Mr. Feng, you are right. Complaining is useless. We should work hard to improve our strength. That is the right way."

Lao Ma also joined in the fun. "Everyone works hard. In the future, whether it is the New York Stock Exchange or Nasdaq, there will definitely be a day when they will ask our companies to go public."

"All the well-known stock exchanges in the world will ask us to go public," President Ding corrected Lao Ma's words.

"Yes, we should have such ambition," said Lao Ma.

"Haha," Charles Zhang, who had a cold face, also laughed. "Mr. Feng, you are right."

"For this, I have to toast you a glass," he picked up the teacup.

"Mr. Zhang, you are polite," Feng Yiping also smiled and picked up the teacup.

"Sorry to bother you," Wu Qian came over. "Mr. Feng, Mr. Schmidt and Mr. Jonathan Schwartz of Sun will be here soon,"

"Okay, I will go down now," he stood up. "Mr. Ding, Mr. Zhang, excuse me,"

Lao Ma also stood up. "You should sit down first," he was the initiator. When such an important guest arrived, he naturally had to greet him.

In the elevator, he couldn't help asking, "Your performance just now was not like you, a little too sharp,"

"Yes, I know that," Feng Yiping nodded, "I just couldn't control myself,"

He said those things not to highlight his status, to show that whether you like it or not, you are a thing of the past, and I am the big brother with the most say now.

He felt a little sorry, and hoped that his words would cause Mr. Zhang to reflect.

He was indeed a little too self-satisfied and too proud.

So later, among the three major portals, his company was the least noticeable one. At the relevant meeting, Mr. Ding could stand in the front row, while he, who was once quite glorious, could only stand in the most inconspicuous position.

"I probably understand your feelings, but people are different," said Lao Ma.

"You are right to remind me," those words just now may be thankless, and may make that person have opinions about me.

There is no harm in doing less of such things.

"Let's talk about another question. Do you really have no good ideas about preventing children from being addicted to online games?" Lao Ma asked.

Feng Yiping glanced at him again, and he guessed that your child is now quite addicted to online games.

"It's not that there are no ways to exploit loopholes. For example, when users log in to the game, they can only log in by face recognition."

"Face recognition?" Lao Ma thought for a while and immediately shouted, "This is good, it's not easy to fake, but this technology is not available yet,"

"Then let's try it?"

"It's worth a try!"