Chapter 19 Investing in Fuji Xun
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Zheng Rongxuan didn't know that this incident he asked Jun Ji-hyun to make the whole crew look at the two of them in the future. Of course, the crew members who are used to this kind of thing do not think it is a big deal. This kind of thing is common in South Korea, and it is abnormal to not have it.
On the 18th, the school officially started its holiday, which lasted for three months. Zheng Rongxuan sighed with great emotion: The holidays in South Korea are indeed not usually long. Damn it takes 5 months of vacation a year in winter and summer vacations, which is much longer than in China.
Zheng Rongxuan was woken up by the ringtone of the phone, and he answered the phone with a dizzy head. When he heard it was his grandmother's voice, he quickly agreed to go over for a while and after eating, he endured the headache and got up.
"Dunny, are you all fellow villagers so much?" Zheng Rongxuan was a little depressed. He got together with the students who came to Korea last night. As a result, Zheng Rongxuan was drunk very tragically and vomited three or four times before he came back and fell asleep at around 1:00 in the morning.
Fortunately, he realized that he might play until very late. After getting up early yesterday, he updated a novel. Otherwise, readers in the literary tribe would not be mad.
After washing it, he ate something casually. Zheng Rongxuan sat in front of the computer, opened the literary tribe, and passed on the last chapter of "Sex is Empty", which was the fourth novel he posted online.
"The school is on holiday, and the author is going home. I don't know if he can access Korean websites at home. If he can, he will try to maintain stable updates. If he can't, he will only continue to post the next book after he comes back next year. I wish all readers a Merry Christmas and a Happy Spring Festival in advance!"
"The next book will be a novel. How long is it? In short, it is very long, about 1.8 million to 2 million words, so everyone should be mentally prepared. The protagonist is a woman. "Dae Jang Geum", let's see how a grassroots girl grows into the first female imperial physician of the Joseon Dynasty based on her personal efforts, superb medical skills, infinite love and selfless care. She was named "Dae Jang Geum" by Chungzong and was named Shangguan of the Third Party Hall..."
Zheng Rongxuan closed the literature tribe and was sorting out the clothes and items he needed to bring back to China. Then he received a call from Park Dong-sun, the literary tribe's webmaster.
After reading Zheng Rongxuan's revision suggestions, Park Dong-sun also wanted to develop and strengthen the literary tribe, he has agreed to Zheng Rongxuan's revision suggestions and is being produced by technicians. However, according to Zheng Rongxuan's plan, the website must bear larger traffic, and it is obvious that the existing servers cannot bear it.
So the other party also accepted Zheng Rongxuan's proposal, injecting 100 million won, accounting for 51% of the website's shares. Two years ago, he only invested a few million won and found a literary tribe. Now he can obtain 100 million won financing from Zheng Rongxuan. He is so excited that he doesn't know what to say.
Zheng Rongxuan asked him to prepare the contract. After packing up his clothes, he took a taxi to a small restaurant near his home with his suitcase. It happened that An Zhengyong, the lawyer he had hired, was available today, otherwise he might not have been able to sign the contract today.
According to the contract, Zheng Rongxuan invested 100 million won. In addition to occupying 51% of the website's shares, the literary tribe will officially change to the company model and implement the VIP fee reading strategy when the time is ripe in the future. Park Dong-sun is the president of the new company. Although the Internet fee is not large, especially in this winter, this will greatly promote the author's creative enthusiasm. It is always free to publish the articles, and the authors will not starve to death. Even part-time worker creative enthusiasm will become lower and lower. After all, this is an extremely boring thing.
Lunch was eaten with my grandmother, uncle and aunt's family. I submitted New Year's greetings to the elders, and bought gifts for my three cousins and cousins. As for these relatives, although they wanted Zheng Rongxuan to bring his own gifts back to China, they learned that Zheng Rongxuan did not go home directly, so they could only give up and mail it.
By the way, mailing in this era is not that easy. Fortunately, there are ships directly from Incheon to WH, which can be smuggled and the freight is a little cheaper.
In the evening, Zheng Rongxuan was driven to Incheon International Airport by his uncle. He boarded a direct flight with An Zhengyong and his assistant. When he landed and walked out of the airport, it was already past nine o'clock at night. Fortunately, he contacted the hotel in advance and asked him to come to pick him up. Otherwise, what time would he have to do?
After nearly a week of busy working in Shenzhen, he had closed consultations with Ma Huateng, Zhang Zhidong and others. Many novel ideas proposed by Zheng Rongxuan opened their eyes and was deeply shocked by Zheng Rongxuan's development ability.
For Internet companies that are in the cold winter, even though the registered users of QQ have exceeded 10 million at this time and the maximum online market has exceeded 100,000 mark, they still feel the prospects are grim.
Funds, Tengxun needs more funds to support its expansion, especially since they were legally warned from American Online this spring, and they had no choice but to launch the OICQ2000Build0325 version to avoid being sued for court.
Today, China's Internet is basically a time when money is burning. It depends on who can afford it. After burning for a long time, who can support it to the end is the biggest winner.
You should know that in this era, there is not only Tengxun’s instant messaging company. **, NetEase, and Sohu are all promoting their own instant messaging software. ICQ from abroad has also won a large market. It can be said that at this time, the Internet in China is at a time when many people are rising. Countless Internet companies are spending money crazy to seize their existing market share. Although QQ2000 accounts for half of the market at this time, it is also full of dangers.
Ma Huateng and Zhang Zhidong, who were about to find money, originally wanted to find international capital because they learned that Alibaba was in contact with Japan's SoftBank. Although several international venture capital companies have tentatively contacted them, their conditions are undoubtedly not as good as Zheng Rongxuan.
After obtaining Zheng Rongxuan's technical authorization, NEVER has quickly occupied more than 50% of the Korean search engines in just a short period of time and has been widely published in the Korean Internet industry.
Now Zheng Rongxuan has taken out a 49% proof of NEVER's equity. In addition, he is a Chinese, but his capital comes from South Korea. Once he invests in it, Zheng Rongxuan's technology will also support Tengxun to move faster, better and longer.
Regarding Zheng Rongxuan's proposal to invest in Tengxun with technical authorization and $15 million in stake and demand to occupy 40% of the equity, the two parties finally decided after two days of negotiations. Zheng Rongxuan increased the cash to $17 million, with 40% of the equity. He would not participate in the operation normally. He would only participate as a shareholder when encountering major issues, such as major strategic discussions and refinancing.
In the last few days before New Year's Day, Zheng Rongxuan signed a search engine patent license with Tengxun as the patent owner, and had in-depth exchanges with two authorities on the revision of Tengxun website and QQ. Tengxun not only wants to do the Chinese NO.1 for instant messaging, but also the NO.1 for the search engine market. Walking on both legs, it will complement each other and go more steadily and farther.
It was also agreed that Tengxun Korea Company will be officially established next year, and that Tengxun QQ, a new version of the software developed by Zheng Rongxuan, Zhang Zhidong and others, will be introduced to the Korean market, and Zheng Rongxuan will assist and convince Never to help develop the instant messaging market.
Chapter completed!