Chapter 352: Determined to Make Mistakes (Two in One)

With the arrival of Sina CEO Wang Yan, other Sina executives and Yangcheng Xunlong personnel also arrived in Shanghai on the same day.

Considering the current situation, not many people came from both sides, and they all had normal physical performance for many days.

Fang Zhuo showed due courtesy to Yangcheng Xunlong, thinking that this would be a perfect win-win situation, the other party would get money, and he would get a higher market value.

Regarding the wireless value-added market, after Sina acquired Xunlong, it can basically be declared that it has a second-place position, and there is a Hong Kong listed company TOM.com ahead of it.

This market still has great potential for exploration, and 2003 is destined to be a year of great profits for major service providers.

On the morning of March 30, the contract that had been reviewed and negotiated was signed by Sina's president under the camera, marking Sina's successful acquisition of Xunlong, and also meaning that Sina's first quarter financial report, which is expected to be released soon, will be very good.

At the same time, Sina's board of directors will undergo changes in June this year. Those who should step down will step down, and those who should leave will leave. The new management has used the stock price to prove whose era will come next.

That afternoon, Sina released a concise announcement, stating that it had completed a major asset acquisition.

As of the closing time of Nasdaq in the United States, SINA's closing price broke through $20.

That is, on the night when the stock price had a historic breakthrough, all Sina employees received another open letter from President Fang Zhuo.

Compared with the previous open letter widely circulated in the industry, Fang Zhuo's letter was quite long this time.

He did not express much emotion, but simply talked about Sina's establishment, development, breakthroughs, twists and turns, listing, turmoil... until today.

However, such a straightforward narration made many old employees sigh with emotion, and many people even burst into tears, because they were either bystanders or experienced it personally.

Although Fang Zhuo talked about the development of the times and the efforts of all employees in his open letter, everyone still subconsciously compared him with Sina's past senior executives.

Wang Zhidong did not do it, Jiang Fengnian did not do it, Mao Daolin did not do it, and Duan Yongji did not do it.

Fang Zhuo did it.

Sina's stock price exceeded the issue price for the first time, breaking through the $20 mark, and the last sentence of the open letter was a peaceful conclusion.

——This is just a new starting point.

That night, many Sina employees tossed and turned. Unlike the anxiety of the high-level shock last year, everyone was looking forward to and yearning for the future.

Chinese enterprises, especially Internet companies like Sina that have been hard to develop and go public, have a kind of founder sentiment and label.

Even if Fang Zhuo got control after a struggle, some people in the company still regarded Wang Zhidong as a symbol in their hearts, not to mention the middle-level faction influenced by Duan Yongji.

When Fang Zhuo was fighting for Sina, his means were more intense. When he really became the president, he didn't care about this faction or that faction. As long as he could do things, it was fine.

Today, with the peak stock price, internal appeasement, external development, the situation is thriving, and the industry status is eye-catching. The president is not only the president authorized by the board of directors, but also the president of the employees.

On April 1, Fang Zhuo held a management meeting on the 23rd floor of Hang Lung after Sina acquired Xunlong, and listened in detail to everyone's suggestions on the wireless value-added market.

In fact, it is not easy for Sina to concentrate on developing a leading position in this market, because competitors adopt a strategy of unlimited content in SMS, which is still very attractive to users.

But this can easily ruin the market.

Whether it is China Mobile or China Unicom, they temporarily focus on market coverage or supervision cannot keep up with development, but they will make adjustments later.

Fang Zhuo is considering that he can actively promote value-added services of good content with operators in this regard, so as not to let bad money drive out good money.

It is not only to regulate the market, but also to narrow the gap with the previous ones.

The meeting lasted for a long time, and some personnel adjustments were made slightly, and the focus of Sina's current news publication was also discussed.

In the evening, the meeting ended.

This is Wang Yan's first time to the 23rd floor of Henglong in Yike, and he couldn't help browsing and appreciating it.

He will not return to Beijing immediately after coming to Shanghai this time, and will stay until the 10th of this month to attend the Internet Industry Development Conference scheduled to be held on the Bund.

This conference was jointly held by three major portal websites. It was originally scheduled to be held in Beijing, but considering the situation in Beijing in March, it was changed to Shanghai. Tencent, Alibaba, Baidu and other industry companies that are currently developing well were invited.

Because of the same factors, the number of participants was also reduced, but the value was still very high.

"Mr. Fang, the scenery of your president's office here is very good."

Wang Yan walked around the entire 23rd floor and walked back to the president's office.

"Jinmao is better. If you have nothing to do tomorrow, you can go and have a look. It happens that there is half a floor of Sina on the 22nd floor below. You can also work there." Fang Zhuo smiled.

Wang Yan nodded and talked about the meeting ten days later: "Baidu is developing really well now. Mr. Fang, do you think we can try its field?"

"We are still more media-oriented. We don't have technical talents for search engines. I heard that Alibaba is going to do B2C. The merchant resources they have are a big threshold." Fang Zhuo shook his head slightly, but he did consider Sina's new growth point.

The wireless value-added service market can serve as a profit point in the short to medium term, but it cannot be relied upon in the long term and is easily restricted or trapped in the red ocean.

Like NetEase, it is not as good as Sina in the development of the wireless value-added market, but its performance in the gaming field is very strong. Although the stock price will not catch up with Sina for a while, the subsequent growth is still worth looking forward to.

Of course, Fang Zhuo's perspective is based on his identity as the controller of the fund.

"Everyone has been competing fiercely in the email market recently." Wang Yan talked about work. Competition in the industry is sometimes intermittent. "If you don't follow up, you will see other companies occupy the market. If you follow up, email has no good profit point."

"Companies can't all make money." Fang Zhuo smiled. The competition about email is reflected in the report. Apart from considering a certain company, he has no other intentions for the time being.

Regarding the wireless value-added market and the competition about email, these are all topics that can be discussed at the industry development meeting.

Fang Zhuo also wants to hear the opinions of other leaders.

"Mr. Fang, when I came here, I received a call from the leader, praising Sina's performance in news reporting during this period." Wang Yan gave another feedback.

Sina City Channel first reported and warned in Guangdong Province, and then released news with CCTV, followed by a special page, and then set up a front-line news team.

This series of actions were seen by the departments and leaders above. Although Yangcheng News had a few hours of behind-the-scenes footage, the subsequent situation has proved Sina's keen insight.

This is an extremely bonus.

"Well, I don't know how much help our news can make. I think it's better to have it than not. Oh, yes, about this, it's just right that you are in Shanghai, I have an idea for you to listen to. Is it safe?" Fang Zhuo said seriously, "Can Yike, Medical Science and Sina jointly do something for those medical staff who have made contributions?"

"Sina can have public praise, the three companies can support their families behind them, and if there are young people of the right age, they can also give priority to jobs."

Domestic medical staff have already made painful contributions, which were mentioned in the report of Sina's front-line working group.

"Okay." Wang Yan agreed.

Fang Zhuo said carefully: "What I mean is that this matter doesn't need to be publicized, just do it quietly."

Wang Yan was stunned for a moment and shook his head: "This kind of thing can be announced in a high-profile manner. Is President Fang afraid that someone will say that we are just seeking fame? It is a good thing in itself. Those who have paid get rewards from social enterprises. I think it is also worth promoting."

"I think if it is mentioned repeatedly, those families who have been hurt will be hurt again." Fang Zhuo said so.

Wang Yan thought for a while and said: "I will personally keep an eye on this matter. It is better to pay attention to the degree."

"Well, I feel at ease when Brother Wang does things." Fang Zhuo affirmed.

"I am also comfortable working under the guidance of President Fang's values." Wang Yan replied quite sincerely.

"There is another thing about values." Fang Zhuo said seriously, "I won't organize a party for Brother Wang in the evening. Just let someone send you whatever you want to eat. You can solve this problem yourself."

Wang Yan gave a questioning look.

"My mother made dumplings in the evening and asked me to go back to eat." Fang Zhuo said seriously.

"Okay..."

After seeing the president leave, Wang Yan remembered something. He could have asked to go to the house to eat dumplings together, and it would not disturb Mr. Fang's values.

...

At the beginning of April, the temperature in Shanghai rose, generally between 14 and 22 degrees.

But Xu Mingchang, who was busy with the renovation of the old city in JA District, did not feel better. First, this key project was affected by many dimensional factors and the progress was lower than expected.

Second, he paid some attention to the development of the Internet and found that the growth rate of Sina's stock price was simply making Fang Zhuo run for the richest man in the mainland.

A price a day, an increase every day.

As a wealthy man who also stirs up the secondary trading market, Xu Mingchang is considering whether to control an Internet listed company.

However, not to mention that the Internet is generally bullish this year, it is difficult to get this working capital for a while.

On April 5, Xu Mingchang encountered something that made him angry. A bank urged the company to repay the loan in advance.

Xu Mingchang was extremely dissatisfied and called the president directly.

After a while, the other party also got angry and responded directly.

"You are not the richest man in Shanghai now, what are you talking about?"

Xu Mingchang scolded the other party, thinking that some people in the bank had extremely low business capabilities. They just took out loans, what does this have to do with being the richest?

The next day, Xu Mingchang borrowed a sum of money to repay the company's loan in advance, and at the same time looked for a new bank to provide funds.

Sometimes, reputation is money.

Xu Mingchang has a deep understanding of this point, so he considered another media interview to show off his wealth.

Two days later, Xu Mingchang encountered a reporter at the door of his company and was asked about wealth again.

This time, his reply was simple and direct.

"The list is all written randomly. My family's wealth must be 40 billion. How can it be only 320 million US dollars? It's ridiculous."

320 million US dollars is the number calculated by the Forbes Rich List, which is just over 2.6 billion in Chinese currency.

The wealth claimed by Xu Mingchang is 40 billion, which is far beyond this figure and is surprising.

By the way, in order to express the unreliability of the list, Xu Mingchang even increased Fang Zhuo's net worth: "Just like Fang Zhuo, he is more than 450 million U.S. dollars, he must be worth 20 to 30 billion."

"Let me tell you, this list is unreliable. Don't ask me this question next time."

Xu Mingchang casually increased the net worth of himself and Fang Zhuo to tens of billions, and then did not give any further response.

The news reached Fang Zhuo within a few hours.

"He must be crazy. Why should he mention me if he has nothing to do? He's just talking nonsense about two or three billion."

Fang Zhuo only told it as a joke to the executives in the office.

However, Xu Mingchang's statement to the media not only reached Fang Zhuona, but also reached the ears of the police who had been investigating Xu Mingchang's issue recently.

The Forbes rich list has long disgraced many people on the list, but this is not the only reason for Xu Mingchang.

The investigation did not originate from Xu Mingchang, but from a bank president in Xiangjiang. It was precisely because of the investigation of the latter that the former was implicated.

The investigation has been ongoing secretly for some time.

On the afternoon of April 7, another site closed the network, and Shencheng also heard Xu Mingchang's bold words to the media.

Xu Mingchang with a net worth of 40 billion.

The proud Xu Mingchang.

"Captain, when will the action against this person be scheduled?" Shanghai police held an internal meeting on the night of the 7th to study the action.

"Tomorrow, he should be more certain."

Xu Mingchang's investigation was not just a matter of time, everything that should be determined was determined.

"What about Fang Zhuo of Yike? Xu Mingchang said that his net worth is far more than 450 million US dollars, but this is not right." The police did not doubt Xu Mingchang's words for a while. Out of their understanding of the rich list, the people on this list It’s really easy for people to detect problems.

"Bring it back together tomorrow and ask about the situation. What Xu Mingchang said is not evidence. Let's ask the tax inspector to see what he is like."

The police planned one more operation for the next day. They only planned to interrogate the richest man in Shanghai in a serious atmosphere to see if there were any unexpected gains.

On the morning of April 8, Xu Mingchang, a rich man in Shanghai and a man who stirred up troubles in both places, was taken away by the police in public.

Later, Fang Zhuo, who was in the CEO's office on the 23rd floor of Hang Lung, also saw an unexpected visitor and was controlled by tenderness.

Fang Zhuo was surprised, extremely surprised. He didn't hear any news at all.

Especially when he was sitting in the interrogation room facing the two economic investigators, his thoughts were still a little confused.

Be frank and lenient, answer all questions, have a good attitude and be proactive.

But this still seemed to make the other party a little dissatisfied, and soon one of them temporarily left the room.

"Can I make a call?"

Fang Zhuo made a request after asking for a glass of water.

The remaining staff member in front of him hesitated for a moment, thinking of his wife who was working on the front line of the hospital, and agreed to the request.

After all, this is a questioning room, not an interrogation room.