The Penguin Company's thank-you dinner ended with laughter. Jiang Hui also took this opportunity to get familiar with Penguin's executives and also accepted many business cards from all kinds of people.

It was past 11 o'clock in the evening when Jiang Hui and Bai Xue returned to the hotel room.

The listing of Penguin Company is a landmark thing in the Celestial Internet industry. On the one hand, the market value of 27 billion has refreshed a new height of the Celestial Internet Company; on the other hand, the successive listing of Shengda Network and Penguin Company has caused the Tianchao Internet investment market that has been silent for several years to explode into a new vitality.

After that, 51job, Ninth City and Elong also quickly completed listing financing overseas. The market performed well, which made many analysts shout: The "golden age" of online concept stocks is back!

In the past 2004, 81 mainland Chinese companies entered the overseas capital market, forming another round of overseas listing of mainland Chinese companies. Among them, the successful listing of 7 Internet companies has become the biggest highlight throughout the year. Especially Shanda, 51job and other companies have performed outstandingly as soon as they went public, which has made many analysts shout: The "golden age" of online concept stocks is back!

Internet iPos in the market have begun to attract attention again, especially in August this year. With the Internet search giant Google successfully landing on Nasdaq, Internet companies have regained the attention of investors, and Internet concept stocks have been awakened again. The new Internet stocks listed this time are still very different from Internet companies listed in 1999. The most important feature is that these Internet companies have stable profits, clear business models and good market prospects, and these company models mainly combine the Internet with a certain traditional field to obtain support from a clearer target customer base.

These changes are very conducive to the subsequent financing of other companies in Guanghui Group. According to the current development pace, companies such as Tudou.com, Meituan.com will launch a Series B financing in the second half of this year. At that time, Jiang Hui feels that the valuation can reach at least more than three times that of the first financing.

It is actually quite unexpected for Penguin to achieve today's results on the Hong Kong stock market. Because in terms of IPO pricing, the p\/e (price-earnings ratio) value of Nasdaq is significantly higher than that of Hong Kong and Hong Kong areas. This is because the Hong Kong and Hong Kong stock market has a poor understanding of technology stocks and has a relatively small tolerance for technology stocks. Therefore, the p\/e value of online companies listed in the Hong Kong and Hong Kong areas is relatively low and the stock price is not high. The Nasdaq market's acceptance and recognition of listed companies in the Internet industry is significantly higher than that of other markets. Penguin's ability to obtain a valuation of 27 billion in this case still shocked many industry insiders.

With the increase of Tianchao netizens and broadband users, Tianchao broadband market has quickly entered a rapid growth period. Affected by different demands, the online business market has gradually become diversified and applied, and websites specializing in online games, e-commerce, retrieval and other businesses have emerged. At the same time, the establishment of a paid charging model ensures the rich profits of professional websites. In the future, the market recognition of professional websites such as Autohome and Meituan will become higher and higher.

...

After the news that Penguin became the largest listed company in the Celestial Empire was sent back to the mainland, it quickly caused heated discussions on the Internet.

"Penguin has been listed and has created 11 billionaires, 25 millionaires, and more than 500 millionaires, making it a big deal."

"Is this a wholesale wealthy person?"

"I originally thought that the market value of Shengda Network was already scary enough, but I didn't expect that after just a few months, I fell to the ground and became the second child."

"I heard that Boss Ma wanted to sell Penguin Company for 600,000 yuan."

"In April 2000, Idg and Yingke Digital spent $2.2 million to take away 20% of Penguin's shares. I wonder what Boss Ma feels today."

"It is said that Boss Ma once found Zhang Chaoyang and wanted to sell the penguin for 500,000 yuan. Boss Zhang not only decisively rejected Brother Ma, but also threw out the classic line: I have found a few college students who have made this thing better than you for less than 3 months, and it is not worth 500,000 yuan at all. Well, they are worth 27 billion now, I wonder what Boss Zhang feels?"

...

Du Niang Headquarters.

"Did you see the information that Penguin's market value exceeded 27 billion on the first day of its listing?"

"I saw it, to be honest, it was a bit unexpected to me. A friend was in contact with Penguin's listing preparations, and the valuation given by early investment institutions was only 20 to 30 billion."

"Yes, it's too far from the current 27 billion."

"Penguin's valuation mainly began to change in the first half of this year. After the Penguin Game Platform and Guanghui Games cooperated, the "Happy Farm", "Happy Landlord", "Fishing Game" and other launches have brought a lot of profits to Penguin Company. It is said that Penguin's current monthly profit level is close to the full-year profit of last year. The rapid and continuous increase in profits have led to investment institutions continuously raising the valuation of Penguin Company."

"The launch of a series of games not only brings benefits from the game itself, but also greatly increases the number of registered users and online users at the same time, and the user stickiness has also been greatly improved."

"Yes, to some extent, it is the Glorious Game that has made Penguin Company today."

"To be precise, Jiang Hui achieved Penguin's market value today, but Jiang Hui did not suffer any loss. Not only did he get a very important cash from Penguin, but he also obtained Penguin's shares. With these shares alone, Jiang Hui is expected to enter this year's rich list. However, this kid is smart enough to make the equity relationship very complicated and register a bunch of offshore companies, making it difficult for outsiders to find out the shares he really holds."

"Mr. Jiang should be considered a rare genius in the Internet industry in the Celestial Empire in recent years. With the help of his ideas, our Dumai has also increased rapidly now."

"Indeed, Google and Yahu can no longer threaten our market position in the Celestial Empire."

...

In fact, in Jiang Hui's opinion, Boss Ma seemed to have inadvertently built a huge penguin empire during the imitation, changing the way the Celestial people communicated. Mobile phones, phones, emails, and penguins became essential tools for most Celestial people. Even many little brothers and sisters could not use mobile phones or emails, but they must not be without penguins. There are many people who can talk about them and many fun games on it. Penguins can obtain today's market value, and even Penguins can achieve higher market value in the future. It is not an accidental phenomenon. Boss Ma and others have made great efforts behind it.

Relatively speaking, Jiang Hui himself has been doing well since he created the campus network and has not experienced any setbacks. Jiang Hui still admires Boss Ma and others.
Chapter completed!