Kunpeng Internet Company (PI is the only one. The PENG game company led by Su Wei now has 213 game software engineers, occupying the first-mover advantage. Under the guidance of Sun Jian, the 17 online games developed in the past 9 years have accounted for nearly 80% of domestic games. The market share of online games is outstanding!
NetEase, a company with a registered capital of only 500,000 yuan, wants to achieve extraordinary results in its previous life. It is very difficult. Sun Jian wants to test how 26-year-old Ding Lei can break through?
Sun Jian believes that his sudden emergence has become a stumbling block that hinders the entrepreneurship of previous business leaders such as Ma Yun, Ma Huateng, Zhang Chaoyang, and Ding Lei. If he does not use funds to "compensate", he will not be able to win, and he feels uneasy.
These people come to Sun Jian for financing. He has the obligation and responsibility to help them, but he will not take the initiative to visit them, let alone send money to them. This is cause and effect!
"Mr. Sun, I think as more and more young people go online, online games will become their favorite online games. NetEase will focus on developing online games. Once a game becomes popular in the market, NetEase will be able to profit."
Ding Lei thought that Sun Jian was in business and wanted to spend less money to get more shares. As long as he could raise US$500,000 with 30% of the equity, NetEase could survive.
"I am optimistic about Mr. Ding and NetEase. Taobao Holdings invested US$1 million to hold 30% of NetEase's equity, but there is a prerequisite. When NetEase conducts Series B financing, Taobao Holdings has priority in financing."
Sun Jian saw that Ding Lei was a little panicked and did not dare to ask any more. NetEase's 163 free email and BBS chat platform, which had an advantage in the previous life, has become PN's main platform. Almost no domestic Internet user has registered an email or chat account that is not free. Yes, NetEase wants to seek breakthroughs in these two areas, which requires a lot of money. There is no first-come, first-served advantage in online games. As long as it develops a game that young people like, it can attract them to register and go online. This is a good direction for NetEase to break through; young people It is not easy to start a business. In my previous life, when I was Ding Lei's age, I could only follow the rules and work as a teacher in a health school.
"Thank you, Mr. Sun!"
Ding Lei was very moved and misunderstood Sun Jian.
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Beijing.
"Lao Jiang, Sun Jian invested so arbitrarily, created four competitors, and even harmed us!"
Zhang Shuxin, general manager of Yinghaiwei, saw the promotional advertisement published on NetEase's PN. During this period, Taobao Holdings had successively invested in Alibaba, Tencent and Sohu. She couldn't help but tell her husband Jiang Zuoxiang that Sun Jian was wealthy and PIC was not afraid. Any competitor, but Yinghaiwei, which has not yet made a profit, will have four more competitors. Suddenly, it feels the pressure has increased sharply. She has resentment towards Sun Jian and tells her husband Jiang Zuoxiang.
Zhang Shuxin founded and operated Beijing Tianshu Planning Company in 1992, selling American brand computers such as IBM and HP on a consignment basis.
On May 27, 1994, .pn. went online. Zhang Shuxin connected immediately and couldn’t wait to browse the PN web page. His eyes lit up, and he was surprised and happy. A brand new world opened in front of his eyes, and some "Eil" words he had never heard before ” and “BBS” all instilled into the brain, like enlightenment.
On May 18, 1995, Beijing Yinghaiwei Technology Co., Ltd. was established with a registered capital of 7 million yuan. The investors were Zhang Shuxin and Jiang Zuoxiang. Her husband served as the chairman and he served as the general manager.
Yinghaiwei operates an Internet Service Provider (ISP).
China’s second private Internet company is born!
On September 30, Yinghaiwei Space-time was officially put into operation.
Zhang Shuxin spent 80,000 yuan to erect a large advertisement "How far are Chinese people from the information highway?" at kilometer zero of Zhongguancun South Street. Yinghaiwei and founder Zhang Shuxin quickly became the focus of the Internet.
Since Yinghaiwei lacked funds to build network infrastructure, the funds invested by China Xingfa Group under the Foreign Economic and Trade Commission just catered to Yinghaiwei's needs to develop network technology and information and expand users. Through negotiations, Xingfa Group and Yinghaiwei reached an agreement consistent.
In October 1996, Yinghaiwei Technology Co., Ltd. changed its name to Yinghaiwei Information and Communications Co., Ltd., and at the same time changed its original property rights through capital increase and share expansion.
Newly established
The registered capital of Yinghaiwei Information and Communication Co., Ltd. is 80 million yuan, with an additional capital of 73 million yuan. China Communications Construction Corporation, China Xingfa Group Corporation, and the Central Bank Jingcheng Trust Investment Company have become three new shareholders of Yinghaiwei, accounting for Xingfa Group actually invested 57 million yuan, accounting for 66% of the shares.
The intangible assets premium of Zhang Shuxin's Tianshu Company and Jiang Zuoxiang's Woyun Company is 14.2 million yuan, plus the original registered capital (7 million yuan), the total is 21.2 million yuan, accounting for 26.5% of the shares.
The headquarters is located at No. 15, Fuxing Road, Haidian District.
Zhang Shuxin is authorized by the board of directors to serve as general manager and is responsible for the operation and management of the enterprise.
Liang Yeping, president of Xingfa Group, serves as the chairman and legal person of Yinghaiwei.
In February 1997, Yinghaiwei opened branches in 8 cities within 3 months.
Yinghaiwei's investment in building the backbone network was an astronomical figure. In addition, the main source of funds was banks, which had heavy interest burdens. The 57 million yuan invested by Xingfa Group was quickly burned out. By the end of 1997, it had lost 20 million yuan. Coupled with the online delay and the failure of the online China project, Yinghaiwei, which was losing blood, was even worse.
The huge mountain of PN is insurmountable in front of Yinghaiwei. In 1997, the rise of NetEase, Sitong Lifang (the predecessor of Sina), abyte and Sohu continued to encroach on Yinghaiwei's sphere of influence.
[In view of the general environment,
At the end of 1997, Yinghaiwei's actual investment in equity capital, bank loans and shareholder loans totaled 160 million yuan. According to the expected input and output, its target income was 110 million yuan, and the lowest estimate was 90 million yuan. However, the actual income was only 9.63 million yuan, with a total of 30 million yuan spent on advertising.
Such low income and large disparity between input and output have resulted in Yinghaiwei's operations being overly dependent on additional funds and borrowed loans, and the excessive financial costs incurred by loans have made it impossible for Yinghaiwei's operations to enter a virtuous cycle until It has developed to the point where even survival is a problem.
Liang Yeping, the president of Xingfa Group, the controlling shareholder, soon discovered that Yinghaiwei was a bottomless pit. After investing hundreds of millions of yuan, it did not even figure out how to make a profit, let alone profit. She had great opinions on General Manager Zhang Shuxin and proposed that Yinghaiwei must The transformation from "People's Network" to a more profitable commercial network is not in line with Zhang Shuxin's long-term plan.
Zhang Shuxin did not agree with the company's change of business model, so Xingfa Group began to look for new investors for Yinghaiwei, looking for opportunities to sell out and make profits.
On October 21, 1997, Liang Yeping, President of Xingfa Enterprise Group, on behalf of Yinghaiwei, initialed a cooperation intention with Huang Hongnian, President of Xiangjiang Zhongce Company. Xiangjiang Star Telecom and Yinghaiwei, which held 75% of the shares of Zhongce, established Xingguang Yinghaiwei in Beijing. International computer network services company.
