In June 1996, after more than two years of rapid construction, the national PN backbone network was basically completed.
It cost 2.1 billion yuan, which was unimaginable in previous lives.
No matter how rich Sun Jian is, he is not qualified to build a national network backbone, which is related to national network and information security.
The Ministry of Posts and Telecommunications began investing heavily in the construction of the 163 backbone network in 1993. In February 1994, the 163 backbone network connecting Beijing and Shanghai was completed, kicking off the comprehensive construction of the 163 network and continuing to connect other provincial capital cities...
In July 1996, the Ministry of Posts and Telecommunications announced that it planned to invest another 10 billion yuan to continue the construction of the 163 backbone network and begin the construction of the 169 backbone network.
163 Network (et) is one of China's four major computer networks and is the access part of i in China. Its user special service access number is 163, so it is called 163 Network.
169 Network will use ira technology and make full use of the network resources of the national public communication network to form a Chinese public multimedia communication network. The special service access number of this network is 169, also known as 169 Network.
"Brother-in-law, I don't understand. Why does my brother-in-law need to raise funds for Alibaba, Tencent, Sohu and NetEase when he has a unique PN?"
"Winter clouds mean that one thing is not spring. The Internet is a money-burning industry. It is difficult to make money if a website has no characteristics. The Internet economy is also a huge industrial chain. Only when more companies participate and the market becomes bigger, will the country introduce policies to encourage the Internet Only by developing protective laws and preferential tax policies and reducing Internet access fees can everyone hope to make money, international venture capital companies will invest, and Internet companies can hope to be listed in the United States."
"Brother-in-law, when companies such as Sohu and NetEase grow, they will definitely grab PN's market share?"
"Dongyun, when companies such as Sohu and NetEase grow, the first thing they threaten is your Jinshan.com. Does your Jinshan.com need financing from your brother-in-law?"
Xiang Dongping smiled bitterly at Sun Jian. The husband and wife had the same mind. The husband wanted to give his brother money to control Jinshan.com, but the younger brother was not a business person, so he was harmed.
"Brother-in-law, Chairman Zhang and Brother Lei are responsible for the management of Jinshan Company. I heard Brother Lei say that based on the current operating situation, Jinshan Network has no hope of making a profit within three years and will continue to burn money. Due to the Xiangjiang Stock Market The housing market has plummeted, and Chairman Zhang is no longer able to continue investing in Kingsoft.com, and Brother Lei has borrowed 2 million yuan from the bank to maintain it. I will go back tomorrow and ask Brother Lei if he needs financing from his brother-in-law."
Xiang Dongyun also knew that Sun Jian wanted to help Jinshan Company for his sake, and he was still a little moved in his heart.
"If Jinshan Company decides to use equity financing, it needs to follow international financing procedures and first go to HITC Investment Consulting Pengcheng Company. You can call me first."
"Okay, brother-in-law!"
Sun Jian sighed inwardly. Xiang Dongping said that his brother had no talent for business and that writing code was his strength. Today it was confirmed. Fortunately, Jinshan Company has Zhang Xuanrong and Lei Jun as leaders, so his investment will not be in vain.
If Jinshan Company can be listed, Xiang Dongyun will be able to achieve financial freedom and do what he likes.
"Mr. Zhang, this is the financial statement of Yinghaiwei that was audited by the accounting firm in the first half of last year. Does your company have an accounting firm to audit the financial statements as of February this year?"
At 30:30 in the afternoon on March 11, Sun Jian met the exquisitely dressed and extraordinary Zhang Shuxin in the conference room of the Zhongguancun headquarters of Taobao Electric Group. The two exchanged pleasantries and went directly to the topic.
Zhang Shuxin and his wife own 26.% of the shares in Yinghaiwei. They are multi-millionaires. The initial investment of 7 million yuan is said to be the money earned by husband Jiang Zuoxiang from wireless paging base stations.
With three beautiful women by his side, Sun Jian has a natural immunity to other beautiful women.
Sun Jian's guess was indeed correct. Zhang Shuxin suddenly thought of it and what he got was actually the financial report of the Starlight Yinghaiwei International Computer Network Services Company planned to be established by Yinghaiwei and Xiangjiang Xingguang Telecom in October last year. It was passed by the Hong Kong Luo Bingham Accounting Firm. audit.
This information was personally delivered by Chen Changmin last night. After preliminary review by htic Accounting Firm, a report was issued: Yinghaiwei's 1997 financial report was untrue.
Foreign monks can chant sutras!
Today, nearly 80% of domestic financial auditing services that require overseas financing or the establishment of joint ventures are handled by the Big Four international accounting firms.
htic Accounting Firm has become well-known in Hong Kong and the Mainland.
Peregrine Accounting Firm also has branches in Beijing, Shanghai and Pengcheng.
atic Accounting Firm has not yet entered the country.
"I'm sorry, Mr. Sun, because Yinghaiwei is not a listed company, its 1997 annual financial statements have not been audited by an accounting firm."
When Zhang Shuxin heard Sun Jian's tone, she knew that she was too impatient and her financing was on the line!
An investment of US$10 million may not be a big investment for Sun Jian, but 90% of large domestic companies cannot afford it.
"Mr. Zhang, Yinghaiwei was established on August 18, 1999. It is the second private Internet company in China. After Xingfa Group and others invested capital, up to now, Yinghaiwei has established branches in 8 major cities including Shanghai, Shanghai and Beijing. With extraordinary strength, I hope to see your company’s financial statements as of February this year that have been audited by the accounting firm as soon as possible!”
Yinghaiwei has established branches in 8 major cities across the country, and is far ahead of domestic Internet companies such as Kingsoft, Bitnet, Sohu and NetEase in terms of network layout, network technology development, talent reserves and number of registered netizens. However, Due to various reasons such as business direction, investment philosophy and domestic market environment, the company cannot make profits and can only continue to burn money.
In the previous life, Xingfa Group could not see the hope that Yinghaiwei, led by Zhang Shuxin, would make a profit. The breakup was inevitable. The board of directors was convened and Zhang Shuxin was forced to resign.
When the tree falls, the hozens scatter!
Half a year after Zhang Shuxin resigned, more than a dozen senior managers still could not see the future of Yinghaiwei and resigned collectively, which was a blessing to Internet companies such as Sohu, NetEase and Baidu.
In the previous life, Yinghaiwei was known as the "Yellow P Military Academy" of the domestic Internet.
As long as the price is reasonable, Sun Jian will also invest in Yinghaiwei. As a strategic investor, he will not let foreign investors take advantage.
In October last year, the 163 backbone network was gradually completed, realizing free Internet access, and breaking the bottleneck of the rapid development of the domestic Internet.
It is only a matter of time before China becomes the world's largest country with Internet users.
The domestic Internet economy is a huge cake, and smart international venture capital companies have already smelled the deliciousness of the cake.
"Okay, Mr. Sun!"
Only then did Zhang Shuxin realize how shrewd Sun Jian was and how he spoke without revealing anything. The money from the world's richest man was not so easy to get.
Being a technologically advanced prophet does not guarantee entrepreneurial success.
In 1997, Yinghaiwei also learned from pic and spent huge sums of money to build backbone networks in eight major cities including Beijing and Shanghai, initially forming a nationwide "Yinghaiwei Space-Time" backbone network. However, the 163 backbone network achieved free access to the network, which was Yinghaiwei was a heavy blow.
