1980 My Literary Era.

Chapter 925 China’s Internet is saved!
  The first China Internet Conference, which lasted for three days, came to an end in harmony. This conference was attended by government and institutional representatives from the United States and Asian countries, as well as many domestic Internet entrepreneurs, experts and scholars. Everyone has a deep understanding of this conference. The process and results of the conference were extremely satisfying.

At the closing ceremony, everyone couldn't help but miss the various experiences and exchanges in the past three days, and looked forward to the next conference.

But before everyone left the venue with this feeling of nostalgia and expectation, they were shocked by Lin Weimin's deafening voice at the closing ceremony, leaving these people with nothing but shock and disbelief in their hearts.

Even some well-informed representatives of foreign investment institutions couldn't help but be dumbfounded when they heard the figures from Lin Weimin.

This is 5 million yuan. Are all Chinese companies so rich now?
  The huge venue was immersed in a huge noise. Although everyone did not make a loud noise, everyone in the venue of hundreds of people discussed together, forming a powerful sound field.

It’s not that everyone here has seen the world. These people are all leaders in the domestic Internet industry. A considerable number of their companies have received venture capital, and some companies have received venture capital from well-known foreign investment institutions. , ranging in size from millions of RMB to tens of millions of dollars.

but……

5 million US dollars is still an unreachable number for everyone.

Not to mention these entrepreneurs, even those who provide money, few have a capital scale of 5 million US dollars.

Guowen Group plans to spend 5 million yuan to invest heavily in the Internet field. Many people present immediately thought of Sohu and turned their attention to Zhang Chaoyang, who was sitting in the first two rows.

As we all know, Guowen Group is one of Sohu’s early investors and is Sohu’s third largest shareholder.

It is rumored that Guowen Group has been reducing its holdings in Sohu shares since the ban on Sohu stocks was lifted at the end of last year. There were once rumors in the industry that Guowen Group cashed out 22 billion yuan, but now it seems that this number is still conservative.

An interested person has quietly calculated based on the rise and fall of Sohu's stock price in recent months, and found that at least 5% of the equity of 10 million US dollars can be realized.

Guowen Group holds only 16.25% of Sohu's shares, which means that this time they reduced their holdings and sold most of their shares.

If you think about the ups and downs of the Nasdaq Composite Index, you can basically conclude that Guowen Group has almost reached the highest point.

Invest in Sohu, Sohu goes public, cashes out shares, repatriates funds, and invests domestically.

After the initial shock, the smart people present started making calculations in their minds, and they almost guessed the operation behind Guowen Group.

In this wave, Guowen Group has won!

The overwhelming applause resounded throughout the venue and lasted for a long time.

Everyone marveled at Guowen Group's gains in Sohu and Miguo. In fact, Nasdaq is currently at a trough at this time, and bargain hunting is also a good choice.

However, Guowen Group's ability to invest money in China proves that it is still optimistic about these domestic Internet companies, and everyone has benefited from this. Apart from being happy and excited, they can't help but look up to Lin Weimin's eyes on the stage.

Teacher Lin has blessed all living beings and his merits are immeasurable!

"Haha, it seems that everyone welcomes this initiative of our Guowen Group!"

After the applause in the venue subsided, Lin Weimin finally spoke again, and there was a burst of laughter in the venue, which contained the expectations of everyone present for this huge investment.

"Such an investment, converted into RMB, exceeds 40 billion. It is huge and may last for a long time. Let me first tell you about the general use of this money."

When Lin Weimin said this, many guests present immediately stretched their necks and focused their eyes. This is likely to be related to their vital interests and they must listen carefully.

"The funds of 5 million yuan will be roughly divided into two parts. 3 million of the funds will become a special investment fund to invest in emerging Internet companies with potential in China; in addition, our Guowen Group will cooperate with Yanjing The municipal government will work together to establish the first Internet business incubation base in China, and the remaining 2 million US dollars of funds will be used here."

Direct investment has increased from US$5 million to US$3 million, and everyone is slightly disappointed.

But at the same time, they became curious about what this "Internet business incubation base" was for.

"Everyone must be curious, why do you have to use 5 million yuan for incubation when there is already a good 2 million yuan?

Speaking of this issue, I would like to thank the Yanjing Municipal Government.

Why do you say that?
  Everyone should understand that the Internet industry is an industry that relatively requires high-level talents and hardware supporting facilities.

As the capital of China, Yanjing has dozens of top universities in the country. It is the best in the country in terms of the quantity and quality of talents and the supporting hardware facilities required by the Internet industry.

It can be said that Yanjing should be the most suitable city for Internet companies to start a business in China, no one.

But at the same time, as the capital, Yanjing's shortcomings are also obvious. The cost of starting a business here must be the highest compared to other cities.

I talked about this issue when communicating with the leaders of Yanjing City, and they were highly recognized by the city leaders and stated that they must fully support domestic enterprises and talents who are interested in high-tech entrepreneurship.

To this end, our Guowen Group and the Yanjing Municipal Government have reached a cooperation. One side contributes money and efforts, and the other side contributes land and policies. In the next three years, we will build two Internet industry incubation bases in Yanjing City, one of which is a reconstruction project and the other is a new project.

These two Internet business incubation bases focus on the present and the future and will provide help to domestic start-up companies that are struggling with funds, personnel and technology. After the incubation base is established, we will accept applications from all Internet startups nationwide, including in Xiangjiang, Wandao, and Haojiang areas. If these startups meet the requirements, they can settle in the base.

Here, you will get the policy support of halving the rent, free water and electricity, and three-year tax exemption. For the company's senior talents, the Yanjing Municipal Government will give preferential policies for talent settlement, and the Yanjing Municipal Government will also send personnel to the station. The base provides support for the development of enterprises and helps you actively connect with the government.

In a word, our incubation base will address the needs of enterprises, think about what enterprises want, and serve you with all our strength. What you have to do is to go all out for development and make your own contribution to China's economic development. contribute. I also hope that China will be able to give birth to Internet companies with global influence such as Microsoft and Yahoo as soon as possible. "

Having said this, Lin Weimin took a deep breath and looked at the audience with expectation.

"Don't be constrained by the thorns under our feet and the petty profits in front of us. Our journey will be a sea of ​​stars.

I hope you will remember it! "

"Whoa!"

The audience once again burst into applause like a roaring tsunami.

If everyone was excited about the 5 million-meter investment before, now everyone was moved by Lin Weimin's sincere wishes and expectations, and they couldn't help but feel a surge of pride in their hearts.

The audience applauded for a long time. Lin Weimin stood on the stage, tall and majestic, which became the most unforgettable memory and image of the first China Internet Conference.

The speech is over and the closing ceremony is over.

The first China Internet Conference came to a successful conclusion. Various press releases covered domestic media at all levels. Lin Weimin's speech and Guowen Group's investment decision also spread all over the country along with these reports.

In an instant, it sparked a heated discussion across the country, especially for the Internet industry. The investment policy launched by Guowen Group and the Yanjing Municipal Government on the occasion of this Internet Conference can be said to be good news for the Internet industry.

There are hundreds of Internet companies coming to Yanjing to participate in the conference this time. Logically speaking, the conference is over, and the representatives of these companies should leave Beijing as soon as possible. But because of Lin Weimin’s speech at the closing ceremony, these people suddenly Stopped.

Rent is halved, water and electricity are free, tax-free for three years, talents settle down...

Anyone who has done business knows how generous this preferential policy is, and this is the only treatment foreign businessmen receive.

Before the Internet Conference, the impression given to these domestic Internet companies by Guowen Group was that it was visionary and focused on investment in the Internet field.

Now that the meeting is over, Guowen Group is the savior of the domestic Internet industry!

Especially as the Nasdaq of the United States has plummeted, the American guy who was originally stupid and rich in money is gone. Unexpectedly, Guowen Group quickly filled the position and brought everyone a big surprise.

This Internet conference is really not in vain!

Not only Guowen Group, but also Lin Weimin has now become a "forward-looking talent" among domestic Internet entrepreneurs.

Maxima often has it, but Bole does not often have it.

Now that the domestic Internet industry has the talent of Lin Weimin, how many thousand-mile horses will be born?

This suspense has just arisen in everyone's mind, and before they have time to discuss it in detail, preliminary conclusions have already been drawn.

10!
  At the closing ceremony of the Internet Conference, Lin Weimin announced that Guowen Group had established an investment fund, which stopped many companies from leaving Beijing.

Facing the inhumane Guowen Group, these companies swarmed forward, eager to suck up the entire Guowen Group.

In just one week, Guowen Group reached investment intentions with 10 Internet companies such as Alibaba, Tencent, Ctrip, and Dangdang. These 10 venture investments ranged from 1500 million US dollars to 200 million US dollars, totaling 5400 million knives.

In the future, we only need to wait a few months for Guowen Group to complete due diligence on these proposed investment companies, and then the investment can be completed.

5400 million meters knife!

This number is nothing to the American Internet industry, but it is an unprecedented number for the Chinese Internet.

Before Guowen Group, no Chinese company or investment institution had ever made such a huge investment in the domestic Internet industry.

In the past, everyone could only watch the wealthy American investors waving banknotes to find potential stars in the industry, and their peers would flatter others in order to get investment. Now, the Chinese also have their own investors.

It only took seven days from Lin Weimin's announcement of the establishment of an investment fund worth US$5 million at the closing ceremony of the Internet Conference to the arrival of the first batch of investment intentions between Guowen Group and many companies.

This not only represents the resolute execution of Guowen Group, but also represents their optimism for the domestic Internet.

The Internet has emerged in the United States since the [-]s. It has only been two years since the domestic wave started. It is the golden period of rapid development. However, the Nasdaq tragedy on the other side of the ocean has dealt a blow to domestic companies.

Although the chilling effect has not spread to China yet, no one dares to guarantee that this wave will have no impact on China’s Internet industry.

Many knowledgeable people even pessimistically believe that China’s Internet will soon follow in the footsteps of the United States and fall into depression.

Well now, Guowen Group is here.

China’s Internet is saved!
  (End of this chapter)