Apple is different from Yahoo. Yahoo took the initiative to remind Jerry Yang of the importance of mobile Internet.
For Apple, it was Steve Jobs who realized that mobile Internet could become the future after seeing Mphone1.
Before and after the launch of the Mphone1 app store, Zhou Xin would discuss this topic with Yang Zhiyuan every time he met, hoping to make Yahoo a member of the MOS ecosystem.
Yahoo is not as powerful as it was at the end of the 20th century. It stands at the top of the Internet and looks down on other Internet companies. Now Yahoo can be regarded as the head of the second-tier technology companies in Silicon Valley and the tail of the first-tier technology companies.
This does not mean that Yahoo is not important. Yahoo is still a large Internet company with a large amount of cash flow and a large number of partners. If it can actively become a member of the MOS ecosystem, it will be of great help to the improvement of the MOS ecosystem.
Another very important reason is that Zhou Xin hopes that Yahoo will not fail so quickly. He does not want to see the global search engine market be dominated by Baidu.
It does sound a bit strange that Baidu can dominate the global search engine market, but it is indeed the case. After merging with Google and going public, Baidu has become the role of Yahoo before, making all the changes in the capital market of Silicon Valley and the Internet.
If Yahoo is given enough time and resources to develop its search engine technology to a level similar to that of Baidu, then Yahoo can definitely cause trouble for Baidu in the search engine market and even threaten Baidu's dominance.
Zhou Xin hopes that the situation in Silicon Valley will be more chaotic. The fewer monopoly companies, the better. It would be too boring if a few Internet companies like Google, FB, Apple, Microsoft, and Amazon were formed.
The fewer monopoly companies there are, the greater the room for NewPay and Mphone to play.
"Mobile Internet is the future. This is not my subjective conjecture. This is the development law of the real world. Compared with computers, mobile phones can be used anytime and anywhere.
For users, they need to find a computer, sit in front of it, turn it on, open a web page, log in, and then get feedback. Mobile phones are different. People carry their mobile phones with them everywhere, and even the step of turning them on is omitted. They only need to gently open the screen and click on the application to get the latest feedback.
The time for each user to obtain feedback and give feedback is greatly shortened. The advantages brought about are not simple addition, but the effect of one plus one is greater than two.
Jerry, mobile Internet is the future. It is difficult for Yahoo to compete head-on with Baidu in the traditional Internet field. Mobile Internet is different. This is a gold mine that has not yet been discovered. "
These were Zhou Xin’s original words when he talked with Yang Zhiyuan. Of course, it is impossible for Yahoo and even Yang Zhiyuan to change their strategy simply because of Zhou Xin’s words. Zhou Xin’s words only gave Yang Zhiyuan new inspiration. .
For Yang Zhiyuan, he even has to wonder whether Zhou Xin has ulterior motives. After all, Zhou Xin is Baidu's largest individual shareholder, and he holds more Baidu shares than Baidu's founder Robin.
Could this be a conspiracy to get Yahoo to give up competing with Baidu in the traditional Internet field?
After Yang Zhiyuan returned, he organized internal and external business consulting agencies, technology media, etc. within the company to make a detailed due diligence report.
The report found that the average time spent by Mphone1 users on the mobile Internet was half that of the traditional Internet, while Mphone2 users spent more time on the mobile Internet than the traditional Internet.
This has made Yahoo, which had already entered the mobile Internet field, determined to make a significant shift and elevate the mobile Internet to a more important position than the traditional Internet. As for why Zhou Xin reminded Yang Zhiyuan, Yang Zhiyuan could only understand that Matrix was more important than Baidu in Zhou Xin's heart.
It's normal to think about it. Matrix is his biological son, and Baidu is at best an adopted son, or an adopted son who is fostered in someone else's home.
Zhou Xin and Jobs said otherwise: “Smartphones are an important development direction in the future.
But Apple doesn’t need to rush into this field. Smartphones, unlike music players, require a lot of investment. If Apple fails to enter this field rashly, it will have a huge negative impact on the company’s overall operations.
Apple can definitely wait. "
As Apple's major shareholder, Zhou Xin's statement makes sense. Apple has dominated the music player market, occupying more than 70% of the high-end market and knocking out Sony.
It is precisely because of the good performance of iPod2 and iPod Zero that the Bluetooth chip produced by Xinxin has opened up in the market so quickly.
At first, Jobs thought it was because Zhou Xin didn't want Apple and Matrix to compete directly in the smartphone market. After all, one company's equity belonged entirely to Zhou Xin, while the other company held a large amount of shares, which could be avoided through differentiation. Head-to-head competition.
He even wondered if it was because Zhou Xin thought Apple was a strong rival and didn't want Apple to enter this field. It wasn't because he was arrogant. Since Zhou Xin would buy a large amount of Apple's shares, it showed that he recognized the value of Apple.
After Mphone2 came out, Jobs no longer thought so, because Mphone2 was almost his ideal mobile phone form, and it was difficult for him to imagine how to compete head-on with Mphone2 in the field of smartphones.
Not only that, if it were to compete with Mphone1, Jobs estimated that he would have to invest at least US$500 million in research and development expenses, and it would take about two years to achieve all-round breakthroughs and gain a firm foothold in the smartphone market.
After seeing Mphone2, Jobs could no longer estimate how much money he would have to invest in research and development to occupy a place in the mobile phone market.
As a new player in the smartphone market, it is difficult for Apple to compete head-on with the Mphone2, but this does not mean that Apple has to give up. On the contrary, it only strengthened Jobs' determination to make smartphones.
Because Mphone2 has perfectly revealed the prospects and development direction of smart phones, there are not many markets with such potential that are blank. The music player market is too insignificant compared with mobile phones.
"Yes, Apple will enter the smartphone market, and we are already forming a team internally to prepare for research and development." Since the release of Mphone2, a large amount of Jobs's Weibo content has focused on smartphones and Apple's plans to build smartphones.
While Mphone2 attracted the attention of the entire Silicon Valley and even the world, Zhou Xin was negotiating with various investment institutions for Matrix's first round of financing.
After the news came out, the entire Wall Street was boiling like a cauldron. I originally thought that Matrix had nothing to do with them. After all, it was the consensus on Wall Street that Zhou Xin was not short of money.
Goldman Sachs internally regretted why they gave Zhou Xin so much cash at once.
Under the leadership of Goldman Sachs, Time Warner spent US$70 billion to acquire Quora from Zhou Xin. This was an opportunity of the times. At that time, Goldman Sachs had already smelled the crisis hidden under the prosperity of Nasdaq.
Goldman Sachs is not a small institution, but a top institution alongside Morgan Stanley, JPMorgan Chase, Citigroup, Merrill Lynch and other institutions. Any disturbance they make will cause a strong reaction in the market.
Under such a premise, it is almost impossible to escape from the Nasdaq crisis. The acquisition of Quora is Goldman Sachs' strategy. On the grounds of acquiring Quora, it sells shares of Internet companies in the primary and secondary markets. , part of the cash received from these shares became part of the acquisition of Quora.
In the acquisition of Quora, Goldman Sachs only needed to participate in part of Time Warner's financing. Other investment institutions also participated in the matter. They only paid a small price and sold off most of the risky assets before the crisis. This is the strategy designed by Goldman Sachs to conceal the truth.
The final result proved that Goldman Sachs' strategy was extremely correct. It became the top financial institution with the smallest loss during the Nasdaq bubble and the institution with the best earnings performance during that period. It proactively detonated the bubble and even made Goldman Sachs the most popular among Amerika investors. An institution of conscience.
The only thing he didn't expect was that Zhou Xin would develop so rapidly. After receiving US$70 billion, Zhou Xin no longer had to rely on venture capital institutions. Instead, venture capital institutions begged Zhou Xin to give him money.
So when making every decision, there is no absolute good or bad. You can only make a choice based on the situation at the time.
Didn't Goldman Sachs know the value of Zhou Xin in the Internet field when it made this decision? Obviously they knew it, but judging from the value at the time, it was not comparable to their investment in Internet companies in the capital market.
"Newman is too shrewd. He knows how to share profits at such a young age. Compared with Newman, the founders of other Internet companies in their thirties still value profits too much."
“I think money is not important to Newman. The joy of creation, control of the enterprise, and leading the trend of the times should be more important than monetary gains.
But it’s different for us. Money is power and social resources. We must participate in Matrix’s financing. Compared with traditional mobile phones, the advantages of smartphones are very obvious, and Matrix’s position in this field is equivalent to Microsoft’s The status is the same in the personal PC era.
We missed the early Microsoft and cannot miss the next Microsoft. Mobile phones will be as huge a market as personal computers. "
When Microsoft went public, Goldman Sachs was Microsoft's sponsor and market maker.
Market makers refer to licensed traders in the securities market who constantly report the buying and selling prices of certain specific securities to investors, accept buying and selling requests from public investors at that price, and use their own funds and securities to Investors conduct securities transactions.
Simply put, it is the bookmaker of the secondary market. As a market maker, Goldman Sachs participates in all Microsoft transactions. Whether buying or selling, the proportion of traded stocks remains above double digits, which is a very astonishing number.
Goldman Sachs had a lot of money during Microsoft's listing, but it still regrets that Goldman Sachs did not participate in venture capital in the primary market before Microsoft's listing.
That makes money more efficiently than doing hard work in the secondary market.
"What Newman wants, Goldman Sachs can also give him. We have been operating in Washington for decades. Newman cooperates with us, and we can help him distribute his interests in the most perfect way."
"I still don't quite understand how Newman, as a Chinese, could understand the rules of the game in Washington so well. Only then did Matrix show its potential. He thought of tying up the interests of more people and letting them contribute to the development of Matrix. Help.
If Bill Gates had understood this truth back then, things would not have ended up like this, and he would not have been forced to leave Microsoft. "
"Yeah, what surprised me the most is that Newman didn't understand this truth after he became rich, but he understood this truth from the beginning. Riot Games and Microsoft share interests, and Quora will sell it without hesitation. Later, I even I doubt that Newman would still sell it to us even if we didn’t offer such a high price.
NewPay also shared its interests with investment banks immediately. Newman knew how to share and leverage the power of others at every step.
If it were other entrepreneurs, especially those as young as Newman, they would almost always be very arrogant and would only think of using external forces when they have no other choice.
There is no way here, not that it is a matter of life and death, but that if they want to expand and lack funds, they will not think of a solution until that time. Newman can always predict the development stage of future events long in advance and think of countermeasures in advance.
This also makes it almost impossible for us to control Newman. "
“Newman is special, he is so unique, that’s why Wall Street attaches so much importance to Newman’s projects, even if it is a project like building a wafer fab in China that requires huge investment and extremely limited returns.
If it weren't for Newman's title, this kind of project would only be valued by manufacturing companies. How could Goldman Sachs and Citigroup get involved? "
When Zhou Xin revealed the news that Matrix would receive external financing through Bill Gates and some Wall Street executives, financial institutions around the world, from Wall Street to the City of London to the financial centers of the Lion City, started to move.
However, only Americen’s top financial institutions are eligible to participate. They are the best resource brokers. Only they can help Zhou Xin find the families and institutions that American has the most social resources and can act as intermediaries to transfer interests smoothly. Deliver it to these organizations and wipe a layer of oil in them.
Only by tying as many of these people as possible to the chariot called Matrix, which is actually Xinxin Technology, can Zhou Xin get enough time to develop.
Trading space for time was a strategy that Zhou Xin had long decided. This was also the strategy chosen by China later. Why did he not join hands with his fellow sufferers in the north to sell U.S. debt in 2008? To put it bluntly, he wanted to trade space for time.
Selling U.S. debt at that time may have achieved a short-term tactical victory, but strategically speaking, time would be completely lost.
Zhou Xin only chatted with a few top investment institutions, because he knew that from now to 2008, the Elephant Party would gain most of the power in Washington, so he would be more biased towards the traditional power of the Elephant Party.
The Elephant Party itself lacks tentacles in Silicon Valley and has begun to show its decline under the new media of the Internet. Although it was previously manipulated by Bush and gained some power in the Internet field, this was not enough.
If you want to compete with the Donkey Party in the Internet field, this power is far from enough.
Therefore, when the news came out, the traditional forces of the Elephant Party were much more active than the Donkey Party.
I was originally going to add an update, but I had too many chores on the weekend and didn't find time to do it. I will find time to add an update later, and I will definitely make up for the 4,000 words I owe!
(End of chapter)
