I Won a Prize of 100 Million at the Beginning, and I Became a Capital Boss

At the beginning of July, Weiyin had 7 million monthly active users, just over 1.5 million daily active users, and more than 2 million registered users. Weiyin has become the number one short app in the Chinese Internet market.

Compared with the same period last year, Kuaishou has 1.16 million monthly active users, and Byte’s Jiaoyin (n) has just exceeded [-] million monthly active users.

Seeing this situation, Penguin, who had participated in Kuaishou’s financing, couldn’t sit still. Weiyin users reported that Weiyin’s sharing links have been blocked in Moments since July 7, but Kuaishou and Penguin Weishi’s links can be played normally.

After users share Weiyin short messages to their circle of friends, only the users can see this short message, and their friends cannot see this short content.

Weiyin CEO Yang Ji said in an interview with reporters that Weiyin was blocked by Moments, which affected the experience of Internet users.We hope that peer companies can compete fairly by providing users with better products and services with an open mind.

The person in charge of Penguin's public relations department said that the circle of friends has always had an anti-swipe mechanism, and it will automatically become invisible after the value is exceeded.After 0 o'clock in the morning, it will automatically return to normal, and the theory of shielding does not exist at all.However, Penguin still did not explain why only the link shared by Weiyin is not visible, but the links shared by Kuaishou and Penguin are not.

Zheng Wentong, who was in the vortex of public opinion, ignored these disputes. He participated in the Puhai.People.Conference. As a representative, he put forward a proposal to establish the Puhai Internet Court in Puhai City.

Zheng Wentong pointed out that the Internet finance industry is booming recently, but disputes between borrowers and Internet lending platforms occur frequently.As a national financial center city, Puhai City has the largest number of consumer finance companies, small loan companies and online lending platforms in the country.Puhai Internet Court can focus on accepting financial loan contract disputes and small loan contract disputes that are signed and performed on the Internet.

What does that mean?For example, if a financial company in Puhai City provides loan services to foreign users through a certain loan, the annual interest rate of the loan does not match the actual promotion, and the actual annual interest rate far exceeds the regulatory requirement of 23.9%.
It is generally impossible for ordinary borrowers to go to Puhai City to sue the financial company. Instead, the financial company may find the borrower's work unit, home, or use the contact book friends to force the borrower to repay the loan.

If Puhai City sets up an Internet court, this problem can be solved.Users can log in to the official website of Puhai Internet Court to submit a filing application.

The judge reviews the materials submitted by the users, and if the review fails, the application is resubmitted.After the review is passed, users mail paper materials to the court, and the judge files a case.

After Feng Qingsong, vice president of Zhongchu University of Economics and Law and dean of the law school, learned of Zheng Wentong's proposal, he was very interested in it.

"In fact, with the vigorous development of the Internet industry in recent years, disputes in the Internet industry are also showing a rapid growth trend. Consumers often fall into a situation where they have nowhere to complain, and the cost of going to the territory of the Internet company to sue is too high. Your proposal is indeed a solution. It’s a good idea for this kind of dispute.” Feng Qingsong said.

In fact, Zheng Wentong proposed the establishment of an Internet court to resolve the dispute over Penguin’s ban on Weiyin.

...

For example, if a user finds that Weiyin is shared in the circle of friends, he thinks that the operator Penguin’s practice has harmed his personal interests, and the user chooses to sue Penguin and can only sue in the Dongli District Court. Eighty-nine will lose the lawsuit.

Because users can only sue Penguin for abusing its dominant market position, but the domestic anti-monopoly law has not yet been issued, so the final result is estimated to be to raise the board high and put it down gently.

If the Puhai Internet Court is established, users will not have to go to Dongli District to sue Penguin, and the Puhai Internet Court will be able to accept the case. After the information collected by users proves that Penguin has indeed abused its dominant position in the market, industry.xin. Department will be shot.

The Ministry of Industry and Information Technology will launch special rectification activities in the Internet industry, focusing on the rectification of malicious blocking of URL links and interference with the operation of other companies' products or services.Rectification of blocked URL links mainly occurs in two scenarios:

One is instant messaging software, such as Weishu, Weiyin, Penguin, DingTalk and other software, which have blocked legitimate third-party website links without legitimate reasons. The website links sent by users in one-to-one communication scenarios must be directly identifiable and can be normal. access.

Another malicious labeling of competing software, for example, many users will install security guard or computer housekeeper software on their computers.For example, e-browser is installed on your computer as the default browser.As a result, 360 security guards tampered with the 360 ​​browser as the default browser.After you modify it, the security guard will remind you that this operation is risky to your computer.Penguin products also block Ari’s shopping links. During 618 or Double 11 every year, you must pass the password code provided by Ari to open the order link shared by your friends.

In the first ten days of July, Yi Zhongnan visited the headquarters building of Keke. Xiong Xiaoge of idg Capital and Shen Nanpeng of Sequoia China participated in the inspection together.This is also the second meeting between Zheng Wentong and Shen Nanpeng after Sequoia Capital participated in the B round of financing.

Unlike Xiong Xiaoge, Shen Nanpeng looks very handsome and wears glasses. He is also a complete workaholic and also keeps fit through fitness.

The reason why Shen Nanpeng invested in Keke was mainly because Zheng Wentong invested in Mihayou Technology and Pinduoduo.

After MiHoYo Technology's "Benghuai 2" was launched, Sequoia China noticed MiHoYo Technology, and when they wanted to invest in MiHoYo Technology, MiHoYo rejected Sequoia China on the grounds that they did not need financing.

Later, Slope Investment invested in Pinduoduo ahead of idg capital, which made Shen Nanpeng notice Slope Investment and Zheng Wentong.Moreover, Shen Nanpeng has a relatively close relationship with the entertainment industry, and Shen Nanpeng has a good relationship with Yang Ying and Huang Xiaoming.

Shen Nanpeng noticed that as long as Zheng Wentong participates in film and television projects, whether it is word of mouth or ratings are good, the return on investment of the producer is not low, which is very rare.After all, investing in film and television projects is actually more difficult than Internet projects, because you have no way of judging whether a movie or TV series has the potential to explode.

Shen Nanpeng said that missing ByteDance’s first financing was the biggest mistake in his investment history, but then he took the initiative to contact Zhang Yiming, and Sequoia Capital participated in ByteDance’s d-round financing in December last year.

...

After investing in ByteDance, Sequoia Capital participated in Ke’s B round of financing.Sequoia Capital has already missed Bytedance’s pre-financing, and it is impossible for him to repeat Byte’s mistakes.Zheng Wentong also needs the participation of Sequoia Capital to balance Ari and idg Capital.

Yi Zhongnan asked Zheng Wentong with concern, "I heard that the dispute between Ke and Penguin was not very pleasant. Has the company's business been affected?"

Zheng Wentong didn't complain, "It's a little bit of an impact, but it's not a big one. This is also a normal commercial competition, which is understandable. The reason why Penguin is able to do well in the domestic investment industry is the combination of traffic and capital. The essence of the dispute between Weiyin and In fact, it’s a competition for traffic, Penguin took the lead, which is equivalent to giving us a wave of advertisements for free, and Weiyin has registered more than 2000 million new users in the past two days, but unfortunately I can’t pay pony for advertisements.”

Seeing Zheng Wentong's peaceful attitude, Yi Zhongnan nodded in approval, "Mr. Shen from Sequoia and Brother Xiong from idg are here today. They have a good relationship with Mr. Ma from Penguin. As the saying goes, three cobblers are better than Zhuge Liang. Experts in the investment field, I want to hear your opinions and give advice to Ke.”

Xiong Xiaoge replied with a smile, "Mr. Yi. District. Mr. Shen is here today, so I won't make a fool of myself. Mr. Shen is different from me. Both Ctrip and Home Inns he founded have been successfully listed in the United States. His depth of thinking about the Internet industry is I can't compare."

Seeing Xiong Xiaoge making fun of him, Shen Nanpeng didn't refuse, "Brother Xiong, you are a veteran, and you can beat two of them. Since Brother Xiong doesn't want to talk about it first, then I'll throw a brick to attract jade. I hope everyone can discuss it together."

"According to my judgment, there is an upper limit to the number of Internet users in China. For national-level applications like Alipay, the maximum number of users is about 10 billion, and the traffic brought by the demographic dividend has also arrived. In order to broaden the diversification of income, Penguin , can only seek to develop overseas business.”

"Penguin is in full swing in the domestic Internet market. Of course, it is difficult for Kexiang to compete with Penguin head-on. Mr. Zheng's acquisition of Atletico Madrid is a good move, and it can well help tiktok's promotion plan in the European market."

"The promotion of the overseas version of Wechat is not going well, and Penguin can only focus on the game market first. In fact, the way out for Ke is not inside." Shen Nanpeng concluded.

Zheng Wentong knew that Shen Nanpeng was right, the competition between Ke and Penguin was like a boxing ring match.In the domestic market, Penguin is the heavyweight boxing champion. Ke has not yet grown up, so he can only avoid his edge and take it slowly.

However, in terms of overseas markets, Ke and Penguin are both lightweight players. Penguin has wechat, and Ke has tiktok.

If Slope Investment hadn't sold Bluestar Games to Microsoft, then Zheng Wentong could have used "pubg: mobile" to suppress King of Glory.

Ke may consider acquiring an influential game company in the overseas market, and use the company's mobile games to compete head-on with Penguin.

Shen Nanpeng's reminder is really useful. Zheng Wentong remembered a mobile game called "Endless Showdown" similar to "Glory of the King". The monthly turnover of this game in the Southeast Asian market is higher than that of "Glory of the King". game developer.

I won [-] million in the opening, and I became a capitalist