In July 1996, Sun Jian saw the news in the official media that the Ministry of Posts and Telecommunications announced that it would invest 10 billion yuan to continue the construction of the 163 backbone network and start the construction of the 169 backbone network. He went directly to the capital to find Leader Li to avoid wasting network resources. Kunpeng Internet Company was willing to At a cost of 2.15 billion yuan, the main part of the backbone network built in 31 major cities will be integrated into the 163 and 169 networks of the Ministry of Posts and Telecommunications, and it is willing to invest in the construction of the 163 and 169 backbone networks.
Leader Li was worrying about the funds needed for the new investment plan announced by the Ministry of Posts and Telecommunications. He was happy when he saw Sun Jian coming to his door.
Against all odds, the State Post and Telecommunications Corporation invested in tcG, holding 5% of the shares and 213 million shares, ranking the third largest shareholder. It was allowed to be listed and traded two years after its listing. The State Post and Telecommunications Corporation sold 163 million shares. Including dividends, the profit was more than HK$12 billion, leaving 50 million shares.
The leaders of the Ministry of Finance and the Ministry of Posts and Telecommunications were immediately called in. Everyone hit it off immediately, and after many negotiations, an agreement was reached to establish China Internet Network Co., Ltd.
The registered capital of China Network is 10 billion yuan. According to 1 yuan per share, it becomes 10 billion shares. China Posts and Telecommunications Corporation invested 4.5 billion yuan, and the built 163 backbone network was priced at 3 billion yuan. The total investment was 7.5 billion yuan, accounting for 75% of the shares. %; pIc invested 1.5 billion yuan, plus the price of the main part of the backbone network built in 31 provincial capital cities was 1 billion yuan, with a total investment of 2.5 billion yuan, accounting for 25% of the shares.
The agreement stipulates that as the construction of 163 and 169 networks continues to progress, China Network will increase capital and expand shares according to the share capital.
Even though 163 Network has completed the backbone network of 31 provincial capital cities and more than 200 prefecture-level cities, there are still more than 160 prefecture-level cities, more than 3,000 counties, and multiple townships’ backbone networks that need to be constructed across the country. In addition to the 169 backbone and backbone networks It is roughly estimated that the Internet will require an investment of nearly 100 billion yuan, and it will take about ten years to enter thousands of households.
Except for state investment, no state-owned enterprise can complete this costly and huge task alone. Sun Jian, the world's richest man, is willing to invest. The leaders want it and it will benefit the country and the people.
The Ministry of Posts and Telecommunications continues to accumulate funds to complete the construction of 163 and 169 backbone networks by charging initial installation fees for fixed telephones and network access fees for mobile phones.
In addition to pENG having money, Sun Jian also plans to spin off pIc and list it on Nasdaq for financing, and use the money from international investors to build 163 and 169 backbone networks. The construction funds of pIc are also guaranteed.
Once the 163 and 169 backbone networks in more than 3,000 counties are completed, China will be able to announce that the China Internet Expressway has been completed.
This is not only a major infrastructure project related to whether China can keep up with the rapid development of the global Internet, but also has important economic value and important political significance.
The 163 and 169 Internet backbone networks and backbone networks that have not yet been completed are national strategic resources and are also monopoly resources. They are related to national network and information security and are not allowed to be interfered with by foreign capital. Although the 163 network is still in a state of loss, the 163 network and the 169 network are still in a state of loss. Nearly 100 billion yuan of capital investment is still needed, but the business prospects are broad. Hong Kong and Taiwan funds also wanted to form a group to invest, but they were politely rejected. pIc's ability to join is the result of a combination of strength and various factors.
After the announcement that Kunpeng Internet Company had taken a stake in a Chinese Internet company, pENG's stock price soared 3.8% that day.
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On March 14, 1997, the Criminal Law was revised. The revised Criminal Law added three computer crime items: the crime of illegal intrusion into computer systems, the crime of obstructing the normal operation of computer information systems, and the crime of spreading computer viruses. It was effective on October 1 Officially implemented.
On May 20, the National Academy of Sciences released it.
On June 3, it was established and China truly had its own domain name management agency; it was officially promulgated on the same day.
There are legal provisions for domestic computer Internet access and domain name protection, and the spring of China's Internet is approaching.
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At the end of October 1997, the completed 163 backbone network implemented free access.
The total bandwidth of dial-up ports on the entire network is greater than 12mbps, making it the computer Internet network with the widest coverage, the highest speed, and the most users in China.
The spring of China’s Internet is coming!
The 163 network is oriented to Chinese ISPs and user groups mainly with English proficiency. The 169 network will be oriented to the Chinese public and a multimedia information service network with Chinese characteristics with Chinese as the main body. It is oriented to Chinese information services, content providers, government agencies, and enterprises. Domestic information services.
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On October 27, 1997, the three-day "National Software Industry Work Forum" was held in Tianjin. The meeting was co-organized by the National Science and Technology Commission, the Ministry of Electronic Industry and other six ministries. It was the highest-level software industry conference held in my country in recent years. development conference.
Zhang Jilin attended the meeting on behalf of Kunpeng Software Group and made a speech on behalf of the symposium.
The meeting proposed that the software industry should be listed as a key strategic industry.
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In November, the number of domestic Internet-connected computers surged from 450,000 to more than 660,000, an increase of 51%; in November, there were 820,000 Internet-connected computers, a year-on-year increase of 24.4%; in December, there were 1.13 million Internet-connected computers, an increase of 37.8%.
Domestic Internet-connected computers are growing like a spurt.
In 1997, 3.25 million computers were sold domestically.
According to IDC statistics, as of December 31, 1997, there were 21 million Internet-connected computers in the world and 110 million people online. I, like telephones, televisions, and newspapers, has become a necessity in people's lives.
In January 1998, the number of online users increased to 1.52 million.
Experts predict that by the end of 1998, the number of domestic personal computers will reach 8 million, the number of networked computers is expected to reach 7 million, and the number of people surfing the Internet will reach 20 million.
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"Hello, Mr. Sun, I am Liang Yeping from Xingfa Group. I would like to make an appointment to talk to Mr. Sun about Yinghaiwei's equity financing?"
Less than half an hour after Sun Jian sent Zhang Shuxin away, his cell phone rang. It was an unfamiliar number, and he had a hunch that it was related to Yinghaiwei's equity financing.
"Hello, Mr. Liang, I can wait for Chairman Liang at the Zhongguancun headquarters of Taobao Electric Group at 5:30 tomorrow afternoon."
The real boss of Yinghaiwei appears!
Sun Jian asked Zhang Shuxin to go back and prepare Yinghaiwei's financial statements to be reviewed by an accounting firm. This was because he knew Yinghaiwei's true asset status. The most important thing was that Zhang Shuxin's promises on Yinghaiwei's equity financing could not be counted.
Ma Yun, Ma Huateng, Zhang Chaoyang and Ding Lei are all legal persons of their respective companies. They have prepared audited financial statements, and their signatures and fingerprints on the equity financing agreement have legal effect.
Once the financial statements are false and cause heavy losses to Taobao Holdings, the accounting firm that signed the statement will be jointly and severally liable.
"Okay, Mr. Sun!"
Liang Yeping listened to Zhang Shuxin's phone report, which was what she expected. She couldn't blame Zhang Shuxin for being too impatient and unable to produce Yinghaiwei's financial report audited by the accounting firm for a while.
After hearing that Sun Jian did not directly reject Yinghaiwei's equity financing, Liang Yeping understood that Sun Jian wanted her to negotiate.
