Chapter 329 Strong Medicine

Yi Ke unilaterally cooled down the business negotiations with Sony Music.

This puzzled the people of Sony Music.

In the past half month of October, they were not in love, but they were flirting with each other. Why did they suddenly become ruthless?

Soon, they heard some news that they didn't know whether it was true or not.

First, Yi Ke was said to have hooked up with Universal Music.

Second, Yi Ke considered focusing on hardware products and committed to consolidating the two huge markets of the United States and China.

Second, Yi Ke's president actually holds a Nasdaq-listed company, and this "Sina" company has had good performance recently.

The first two pieces of news are vague.

Sony Music tried to confirm the news with Universal Music and got completely different answers from the two executives. As for Yi Ke's hardware strategy, this is not completely impossible.

Both the US and China markets are in the development stage. The music copyrights they are talking about now belong to future plans. In the current market, Yi Ke is suppressing Apple.

Even if Apple completes a comprehensive music copyright layout, Yi Ke's hardware market will be able to survive for a year or two from strong to weak.

Moreover, Yike seems to have no rivals in China.

In addition, a network company that has been listed and has turned for the better...

When Sony Music kept cooling down, it was inevitable to mutter in its heart, the young president who only appeared in the first meeting would not really give up the layout of software and hardware just like that?

Sony Music did not rush over immediately, but kept observing, and soon found that the stock price with the trading code SINA continued to rise.

The Internet bubble gradually emerged from the haze. Sina, backed by the fast-growing market of the Eastern country, was known as the "No. 1 portal website in China". Its third-quarter financial report seemed to show that it had found a suitable profit model.

Sina Hotline, a wholly-owned subsidiary established in the second quarter of this year, successfully exerted its strength in the third quarter and obtained a higher value-added profit than advertising revenue.

Moreover, this business is not temporary, and there is still a lot of room for development.

This directly gave confidence to the stock market.

Before October, Sina's stock had been fluctuating around $1.4. After the release of the Q3 financial report on October 17, the stock price quickly broke through $2, and then after hovering at $2.6 for a while, it rushed to $3.3 in one go.

On October 24, Sina's stock price fell back and closed at $3.1 on the day.

In just one week, Sina's stock price rose from $1.4 to $3.1, which is 2.21 times higher than before!

NetEase and Sohu, two of the three major portals, also announced their Q3 financial reports during this period.

NetEase's net loss in this quarter was $1.1 million, compared with a net loss of $7.7 million in the same period last year.

Sohu's net income in this quarter was $112,000, which was its first profit compared with a net loss of $870,000 in the previous quarter.

Similarly, the capital market also responded to these two stocks. NetEase's stock price stabilized at $1.6, and Sohu's stock price once broke through $2 and fell back to $1.9.

The stock prices of the three major portals all rose, especially Sina.

On October 25, after Sina's stock price stabilized, an internal open letter from the company's president appeared in front of all employees.

There were only two sentences in total.

"Sina's issue price is $17, and we have to keep working hard."

"The spring of the Internet is here!"

Fang Zhuo drove Duan Yongji away, and Fang Zhuo took over the position of president.

Sina Hotline is full of energy, and Sina's Q3 financial report is impressive.

All those who have been paying attention to, caring about, mocking, and watching Sina's excitement recently have seen the third quarter financial report and witnessed the surge in Sina's stock price.

This time, Sina, which has undergone a power change, has gone from a low of more than 40 million US dollars to a market value of 100 million US dollars.

More importantly, Sina Hotline is still developing vigorously, and the Q4 financial report under such circumstances will surely further stimulate the capital market.

Sina looks like it will enter a positive cycle of rising stages.

So, the second sentence of Sina's president's internal open letter, "The spring of the Internet is here", quickly spread throughout the entire Internet industry.

Everyone knows Fang Zhuo's judgment, expectations are greater than suspicion, and respect is greater than ridicule.

As long as there are results, anything you say can make people think carefully.

Sina's performance is better than its peers, and Sina's president has also quietly changed from a "hostile takeover" to a "far-sighted" image.

Because of the increase in Sina's stock price, Zhang Chaoyang, the president of Sohu, thought about the good atmosphere of drinking in Beijing last time, so he called Fang Zhuo specifically, hoping to set up another party to talk about this "Spring of the Internet".

Unfortunately, other Internet people responded to the call, but Fang Zhuo, the president of the first portal website, declined the invitation, saying that he was abroad and would not be able to return to China for a while.

"Boss Fang, your Sina is doing well, why are you going abroad?" Zhang Chaoyang complained that the young boss Fang did not give him face.

"Hey, I'm waiting for cooperation abroad, it's so difficult." Fang Zhuo gave such an answer without complaint. His retreat to Sony Music was exchanged for the other party's calmness.

The two sides seemed to be competing in patience.

Zhang Chaoyang did not ask in detail, but at the Internet industry gathering at the end of October, even if Fang Zhuo, the young president, was not there, many people could not help discussing the momentum of Sina.

On October 26, Fang Zhuo had a headache and finished a meeting in the office to discuss how to stimulate Sony Music's nerves.

Finally, he decided to try to restart the acquisition negotiations with Apple to give Sony Music a strong medicine.

You want to suppress my valuation, right? You want more equity, right? Then I won't play anymore. I will let you take the music copyright in your hands and face Apple, which has acquired hardware competitors and integrated most of the copyrights.

Once Apple completes the acquisition of Yike, once Apple finalizes the licensing cooperation with each company, Sony Music will be alone and will completely lose the bargaining power.

Fang Zhuo doesn't know what Sony Music will choose. Maybe it will really sit back and watch the negotiations between Yike and Apple. Then he can only have another acquisition breakdown with Apple.

He is now using the threat of a lose-lose situation in exchange for a win-win negotiation.

This is an invisible competition that requires testing the vision, resilience, and judgment of both parties, but the winner will be decided soon.

That night, Fang Zhuo received a message from his employees that Apple is willing to restart the acquisition negotiations and is happy to use funds to solve the competition problems in the market.

If nothing unexpected happens, Sony Music will receive the deliberately leaked news tomorrow or the day after tomorrow.

Fang Zhuo's thoughts wandered until the phone in the office rang.

"Mr. Fang, I heard that my daughter and you had some unpleasantness. Today, I would like to ask Mr. Fang to do me a favor and let her apologize to you in person." The voice of Li Taimao from Anliang Chamber of Commerce came.

"It is normal for customers to want to settle profits. There is nothing pleasant or unpleasant about it." Fang Zhuo said calmly.

Li Taimao apologized repeatedly with a very humble attitude.

"I won't eat." Fang Zhuo didn't want to meet. "I am young and speak directly. The number of customers of MIGA Fund is limited. The previous 5 million capital of Anliang Club barely passed the threshold. Now the threshold is 10 million capital."

He continued: "Anliang Club can either continue to invest money or settle profits at the end of the year."

"This..." Li Taimao didn't expect the young man to not give face at all.

"The more funds a private equity fund has, the greater the possibility of making money." Fang Zhuo explained this.

"Then Mr. Fang, let's think about it. After all, this is not a small amount." Li Taimao was not angry.

Fang Zhuo ended the call.

He thought about it, and called Copper Pea Fan Xiong again, patiently explaining the real increase in the stock price this time, and explicitly asking him to bring some friends' funds to enter the market.

Fan Xiong still has a few people tied up, so he has to help this Copper Pea save more energy.