Chapter 741 Penguin Enters

Beijing.

Wang Xing sat in the new office that Xiaonei.com had just rented in early April, feeling quite proud.

The news from Sequoia Capital a few days ago made the entire Xiaonei.com team nervous for a while, but soon another venture capital firm ES from the United States followed suit, which undoubtedly verified the prospect value of Xiaonei.com again.

There is no need to hide the fact that Xiaonei.com was founded by imitating Facebook.

So, when ES's vice president Huang Zhiquan talked about the value of Facebook in the United States and said that its current valuation is at least 1 billion US dollars...

Wang Xing sat in his office overlooking Beijing, planning the national campus plan of Xiaonei.com in his mind, and recalling the busy scene he saw at Hang Lung 23 that day, he sincerely felt that "a real man should be like this" and "who is not a real man".

At nine o'clock in the morning, Wang Xing held his first management meeting in the brand new conference room.

His first sentence was: "Wang Huiwen said before that the conference room we rented was a bit too big. I told him that I thought it was too small. Our campus network aims to be the number one campus platform in the country. This is just the beginning."

Less than half of the seats in the conference room were occupied, and everyone smiled. The development momentum of campus network is indeed very good.

"Yesterday I talked with ES's Vice President Huang again. The initial plan is to raise 1 million US dollars first. He supports our "Thousand Campus Plan" and wants to turn all colleges and universities in the country into a solid foundation for our website."

"With such a solid foundation, it will be difficult for our competitors to break in."

"Like the Zhanzuo website, I have also looked at their website these two days, and it is indeed average."

"I believe that more competitors like Zhanzuo website will emerge. For these latecomers, we must give full play to the moat of scale advantage."

The registered users of campus network have exceeded 800,000. The maintenance of this number and the potential users it can contact are huge advantages for any latecomer.

The management, including founders such as Wang Xing and Wang Huiwen, have great confidence in this.

The first meeting in the brand new conference room lasted for a long time. Everyone recalled the past, discussed the current situation, and imagined the future.

Finally, Wang Xing spoke again: "We will try to complete the financing process of ES before the 20th of this month. Everyone will work hard this year. I hope that by the end of the year, our number of users can exceed 10 million."

After the meeting, Wang Xing happily returned to his office and discussed the design of the new page that was about to be launched with co-founder Wang Huiwen.

At 11:30 in the afternoon, Wang Huiwen was about to leave the office and casually said: "Your office is not bad, it looks decent, let's change it later."

"I have carefully decorated it. I tell you, sitting in such an office is worth a thousand gold." Wang Xing said with a big laugh.

Wang Huiwen was a little confused.

When there was only one person left in the office, Wang Xing walked around by himself and suddenly felt that something was missing.

He thought about it and found that there was no words hanging on the wall. This was different from the President's Office of Henglong 23 that he had seen at the beginning of the month. Well, Mr. Fang's life motto didn't seem to be suitable for hanging. He had to choose which four words to use carefully.

Wang Xing sat back in front of the computer and subconsciously opened Zhihu.

Recently, apart from his own campus network, he browsed Zhihu the most.

He felt that the number of Zhihu users seemed to be growing steadily, the questions were becoming more diverse, and the user industries were gradually covering all walks of life. Many other people's experiences shared made people feel enlightened.

Wang Xing browsed the popularity list and found a new question at the end.

——What do you think of the retirement of Zhang Zhongmou, the founder of Taiji, and Cai Lixing as CEO?

Wang Xing was not interested in the semiconductor field such as Taiji. Just when he was about to continue browsing, he suddenly remembered Bingxin, which was created by Mr. Fang, and went back to click on the answer.

"Tsai Lixing is a veteran of Taiji. When he joined, Taiji was only two years old. He was also Zhang Zhongmou's hand-picked successor."

"It is a natural thing for him to become the new head of Taiji."

"Taiji now has a 52% market share in the global wafer foundry market, which can be regarded as a dominant company."

"But it is not without challenges. In the high-end foundry field, there are three major rivals, IBM, UMC, and Toshiba. In the low-end market, it faces the siege of manufacturers such as SMIC, Eastern, Hynix, and Ice Core."

"In particular, IBM took away the order of NVIDIA, an old customer, from Taiji. SMIC has successfully traded market for technology and is gradually moving towards high-end processes. "

"In addition, the mainland market has great potential. Taiwan News has been a few steps behind due to various factors. Intel, IBM, NEC, Toshiba, Hitachi and other manufacturers have set up R&D bases in Shanghai and Shenzhen to layout the Chinese market. Of course, SMIC is the biggest beneficiary."

"Tsai Lixing taking over Taiwan News is definitely not a worry-free job. We need to observe his performance after taking the helm."

Wang Xing read the popular science of Taiwan News from an industry insider with interest, and when he continued to scroll down the page, he saw another worrying answer.

"Faced with the competition from Taiwan News, Tsai Li-hsing will certainly take action, but looking around at his rivals, Intel and IBM are both large and powerful, UMC is an old rival, Eastern and Hynix are relatively less antagonistic, and IceCore is just starting out and weak. Among them, SMIC is both threatening and easy to deal with."

"SMIC reached a settlement with Taiwan News last year, and I heard that the settlement conditions were quite harsh."

"A new official has three things to do when he takes office, and Tsai Li-hsing's first one is either internal or external."

"I work at Texas Instruments. I heard rumors that Taiwan's reporter might reopen the lawsuit against Zhongxin."

Wang Xing frowned after reading this answer. Although he didn't know about the dispute between SMIC and Taiwan's reporter, his inclination was very clear.

However, although the analysis of this person who introduced himself as a Texas Instruments engineer made some sense, it should be viewed dialectically. Maybe he was just worrying too much.

He was about to continue to read other answers, but suddenly found that he couldn't find this question after refreshing.

Huh? What's going on?

Just as Wang Xing felt strange, Wang Huiwen, who went downstairs, came back with a serious look.

"Wang Xing, Penguin.com just published an interview with their vice president, who believed that the social direction based on the college student group was very valuable and would be a direction for Penguin."

Wang Xing was shocked. This statement couldn't be clearer. Based on the college student group and socializing, isn't it our campus network?

He quickly opened Penguin.com and soon saw the report that Wang Huiwen mentioned.

The content is not short, mainly talking about the value that Penguin wants to bring to users, and mentions college student social networking in the middle.

Looking at this tone, Penguin's intention to enter the competition is obvious.

This competitor is different from Zhanzuo.

Even if Zhanzuo.com gets investment from Sequoia, it must start from scratch.

But if it is Penguin, it is likely that it will not be the moat of the scale advantage of Xiaonei.com, but they will quickly seize the college student group by relying on the undoubted domestic user scale of instant software.

Wang Xing felt his mouth dry, and after a while, he said: "I will contact Mr. Huang first to get ES's financing!"

Wang Huiwen listened to this, as if awakened from a dream, and nodded repeatedly: "Yes, get the money first."

Wang Xing took out his mobile phone and called Huang Zhiquan, the vice president of ES, and talked about the financing of Xiaonei.com with a smile as usual, and wanted to meet in the afternoon to talk about how to implement it.

However, Huang Zhiquan, who was still very enthusiastic when they met yesterday, said slowly: "Mr. Wang, we still need to research this matter, don't worry."

Wang Xing forced himself to be calm: "Haven't we basically reached an agreement? What else is there to research? The sooner we get the funds, the sooner we can start the "Thousand Parks Plan" and the online seat reservation website will be online. We have to act quickly."

Huang Zhiquan only replied: "We need to research whether Penguin plans to do something similar."

Wang Xing's ominous premonition was confirmed, and investors were indeed more sensitive to news.

He asked: "Penguin is also going to do it? Really? If it does, will ES not invest? Mr. Huang, in order to cooperate with ES, I agreed to your exclusive period. Others who want to invest in our campus network have not contacted us again. What do you mean by saying this now?"

Because ES was willing not to take so many shares when they contacted, Wang Xing agreed to the other party's exclusive period. Otherwise, if he talked to other venture capitals, he might have received the money by now.

Huang Zhiquan said directly: "How about this, Mr. Wang, there is no need to exclude it now. You ask other companies, and I will ask other companies to verify whether the verification information is accurate. If it is really Penguin entering the market, Mr. Wang, if you were me, would you still pay at this time? I have to be responsible for ES too."

Wang Xing was speechless.

Huang Zhiquan on the other end waited for a few seconds without seeing any movement, and quietly hung up the phone.

Wang Xing gently hammered the table with his right hand and took a deep breath: "ES is unwilling to invest, it's okay, I will ask my family for money. Our campus network will exceed one million users within a month. These people are our biggest reliance in confronting the giants."

Wang Huiwen opened his mouth, saw the determination on Wang Xing's face, and held back his words.

He suddenly remembered the excitement he watched online last month.

Or, go to Shanghai again and have three drinks with Mr. Fang?