Chapter 1420: Watch the play with the bench

February 22.
After a few days of warm-up, it was officially launched on the PP video at 7 pm and has been known to everyone.
Many users who did not download PP video before, also started downloading today.
When Li Dong arrived at the company in the morning, Liu Hong came to Announcement: "Mr. Li, our video downloads have increased by more than 8 million in these two days.
The total installed capacity has approached the 100 million mark!
Your popularity is really unparalleled, which is much more cost-effective than asking stars to do publicity. "
The number of Chinese netizens in 2009 was about 300 million, and the proportion of online video users was about 80%, which is the total number of 240 million users.
The PP video installation volume is as high as 100 million, which is obviously not to be underestimated.
The amount of installation does not mean everything. It is normal to uninstall and install again.
For online video, the more important data is not this, but the number of people covered.
The so-called number of people covered is the number of users who independently visited the website within the time limit.
According to the monthly statistics of the number of people covered in January 2009, the total market exceeds the 150 million mark.
Among them, Youku and Tudou are the current industry leaders, both of which are around 80 million. Of course, there are overlapping users.
Otherwise, the total number of visitors to these two alone will exceed 160 million.
In the distance, in the past year, despite the continuous promotion, several variety shows are in flames, PP and Weibo are all draining, and the final monthly coverage is still only more than 50 million, much lower than the two.
Of course, this is January statistics.
In fact, PP video is growing every month. According to the normal statistics in February, it is likely to exceed the 55 million mark.
But now, I am afraid that there is no need to wait until the end of the month, which is likely to reach the 60 million level.
Liu Hongyi said that Li Dong couldn't help laughing: "Yes, continue to work hard, kill those two, and top the top!"
Of course, Li Dong did not take it seriously.
Seriously, at this time the video sites are burning money, and both Youku and Tudou are operating at a loss.
On the contrary, it was far away, and I really didn't lose money.
Far away has this foundation, bandwidth, servers, data centers ...
These hardwares are already available from afar, and the investment is not large, not just for the investment of video websites.
At this time, it is actually copyright fees that burn more money.
In 2009, piracy was rampant, but domestic piracy was okay, and foreign piracy was troublesome.
All major video sites are buying copyrights at high prices.
In particular, after the establishment of LeTV, it has raised copyright prices and fought against price wars, and several major video sites dragged on.
Speaking of LeTV, the old master Jia and Li Dong are somewhat similar.
This guy also sued without saying a word!
Anyway, he bought almost exclusive copyrights. Which domestic website pirated, he immediately started prosecuting. In the past two years, there have been few video sites in the industry that have not been prosecuted.
Of course, except in the distance.
On the one hand, the far-off legal team is strong, and LeEco can't do it far away.
On the one hand, it is on the far side, and has always insisted on the genuine version, and the more far away is still self-managed, investing yourself, and creating programs by yourself.
After the launch, it also drove the development of distant variety shows and was in a leading position.
As for TV series, Dongxing Entertainment has also invested in a lot of films, and they are all profitable.
The cost of buying copyrights from a distance is much lower than that of other websites, and the cost of infrastructure is also much lower, so the current video website, I am afraid that the distance can continue to operate.
Other websites are burning money all the time, and it seems that they don't know when it will be the head.
Therefore, Li Dong did not pay too much attention to whether the video business could be the first.
The video business is just a point of richness in the industry, not all. The summit of a single industry cannot bring much benefit to afar.
After Liu Hong ’s happy news ended, Li Dong interrupted: "This is not a matter of concern. After the interview is over, the matter is over.
As for the reaction of the outside world, we do not need to delve into it.
Now let's talk about the financing of Weibo. After the B round of financing, Weibo has continued to grow. The international version has developed particularly rapidly, and a large number of users have also been added in China.
Now registered users, plus the international version, have reached 400 million users.
Of course, this is not important, the key is that our monthly independent access users reached 170 million, this is the key!
Now to say one thing, we are the world ’s largest social networking site, and I think it ’s okay. "
Why did Li Dong say so!
Because there are so many people in China!
Who can't get Facebook into the country and cannot promote it, without the data support of China, a super-populated country.
In January 2009, Facebook's global monthly independent users were only 140 million.
Of course, people in the United States are not weak, with nearly 70 million user visits, surpassing the opponent MySpace 58 million.
The remote Weibo is much weaker in the United States, only about 20 million.
The main data support from afar comes from China.
China is a country with a large population and a large number of netizens, reaching a scale of 300 million, which has now become the world's number one.
Of course, the statistics of various agencies are different. The data given by some US agencies ranks first among the other parties, but in any case, the increase in the number of Chinese Internet users is a fact.
Even if it is comparable to the United States, if you lose China's market, you will almost lose Facebook's global market except the United States.
In this case, it is naturally easier for users of remote Weibo to surpass each other.
Of course, according to the proportion of registered users and the proportion of active people, Yuanyuan still loses a lot.
But Li Dongfei wants to say that he is the world's number one social networking site, and Facebook can't argue that it's at least far better than the data.
As for the China Data accounted for more than 60%, this is not Li Dong's consideration.
Li Dong said again: "Since we are the first in the world, the C round of financing can't be lower than Facebook ..."
Liu Hong turned green, uncle, are you real?
Not lower than the other party?
In 2007, the other party's C round of financing valued at US $ 15 billion!
This is the peak period. In fact, the 2008 environmental impact of the world is no longer so high, but there is still a $ 10 billion.
Now Li Dong has come to say that it is not lower than the other party. Doesn't it mean that his C round financing goal is more than 10 billion US dollars?
is it possible!
Liu Hong smiled reluctantly, "Is President Li, too high?
After the Series B financing, our valuation after financing was only US $ 3.12 billion.
For round C, our goal is to raise US $ 500 million, with a total value of US $ 5 billion. "
In other words, before financing, the valuation of Weibo on the far side was US $ 4.5 billion.
In Liu Hong's view, this is in line with the market environment, and it is considered a very high value, a very good valuation.
However, less than half a year, from less than 3.2 billion US dollars, to 4.5 billion US dollars, the increase has been amazing.
Of course, in fact, the Internet industry often has such changes. It has risen by more than 1 billion US dollars in half a year.
But no matter how it goes, it can't double and rise again.
According to Li Dong, there is no way to continue financing this time.
$ 10 billion!
Whether it is before or after financing, it is impossible.
Of course, if Li Dong doesn't mind that his shares are all diluted, and the dilution is up to more than half, there is a little bit of hope.
Can Li Dong agree?
According to Liu Hong's understanding of him, Li Dong should not let his equity be diluted too low for this financing.
That is to say, the scale of financing is not too large.
Even if financing 1 billion US dollars, Weibo wants to meet Li Dong's expectations, at least it must reach the value of 9 billion US dollars before financing.
Facebook is right, but the other party is a global market taker. If China is excluded, the distance in the global market is only half of the other party.
Half of the gap, sometimes even more than half of the depreciation.
Of course, the Chinese market is also a very important part, and there is no reason to remove it. In general, it is still possible for distant Weibo to reach more than 50% of Facebook's value.
It's almost impossible to get the same value.
Li Dong raised his eyebrows and said, "Finance is over 5 billion dollars? Are you kidding me?"
After all, Li Dongdao said: "This financing is our last round of financing, after which we will choose to go public, almost buying and selling.
At this time, don't take the B round as a reference.
And these days, our market share has been rising, especially the China market, which is called a real monopoly.
The world's largest social networking site is not a bragging one, fact.
Okay, I admit that they are not as good as each other in the United States, or even in the top three, but are the old and beautiful people so valuable?
I do n’t have high requirements. It ’s okay to estimate more than US $ 6 billion before financing.
This time the financing of 1 billion US dollars, after financing 7 billion US dollars.
And my current share ratio is 40%, after dilution, it reaches more than 34%, and then a part of the listing is diluted, and it is maintained at more than 30%, which is just right.
You told me that it was only 5 billion US dollars after financing, really when our stuff was worthless? "
Liu Hong was exhausted. I couldn't do anything about the valuation of 6 billion US dollars before financing.
Moreover, the valuation of Weibo is now US $ 4.5 billion. It is not done by a distant company, but by many organizations.
Are those investment banks stupid?
Do n’t they know that the higher the better?
But why did they only give $ 4.5 billion, it is because the remote Weibo, it is indeed this value.
Even if Li Dong blows loud enough, it is the world's first, 400 million users, and Asia is fighting each other, Europe and the United States are on an equal footing, but that means nothing.
C round of financing of 500 million US dollars, after financing 5 billion US dollars.
If you go public, because there is no social networking site as a reference object, you can only refer to Internet companies.
Based on the price-earnings ratio and other data, after listing, the market value of distant Weibo may reach 10 billion US dollars, or slightly higher.
Of course, it does not rule out skyrocketing or plunging.
According to Li Dong's argument, the market value of the listed market will be 15 billion US dollars.
At the previous annual meeting, everyone thought he was joking.
Well now, he really planned that!
Liu Hong said bitterly for a while, and then said: "Then I will go back and make a new plan. In addition, I have to discuss it with various investment banks. You see, is that all right?"
Li Dong nodded slightly: "That's it. In fact, if it wasn't for the purpose of preparing to repurchase a portion of the equity, I'm really prepared for $ 10 billion.
However, I also want to buy back a part of it before listing, so that the valuation cannot be too high, otherwise it will not be cost-effective. "
Liu Hong smiled bitterly, and I have to thank you for taking this into consideration. Otherwise, you will need to be valued like this, and I am afraid there is no way to continue financing.
With 15 billion U.S. dollars, Zhenger ’s eight-year breakthrough exceeded the 100 billion yuan mark.
Can a Weibo really create such a great value?
Of course, sometimes the Internet industry depends on whether it can be blown, which is also true.
If you are fair and reasonable, you can impress investors and make them feel cost-effective, then there is no problem.
But if you ca n’t, you ’re useless.
Whether Weibo in the distance can impress investors is hard to say.
Other people's money is not caused by strong winds. Once the bubble is burst, it is a plunge, and major institutions will consider it.
Originally came to report the good news, but in the end, Liu Hong walked away with anxiety.
Of course, it is his business to worry about him.
As time passed, it was about to go online.
On the PP video, some flowers were also released.
...
"Who in the industry wants to say who is the most annoying, I said that I know, and those who don't know don't.
You will definitely think I said it, but this time it really is not! "
"It's unpleasant to say that it's "
"Almost forgot, there are , send the rich boy!"
"Would Mr. Li mind your fiancee?"
"There's nothing to say, just chant."
"Whether it's the Internet industry or logistics ... look back ~ EbookFREE.me ~ actually entered the top ten, actually the top five, even the first ..."
The emergence of flowers one after another has caused many people to almost scold!
PP video of the bastard!
What are you doing to hide your name?
Who does Li Dong hate?
Also, who is the good boy?
It seems that a lot of news broke this time.
Netizens have speculated that some people vowed: "I bet that Ma Dong must hate Ma Yun!"
"I bet 10,000 is not, Xu Shengzhe of Longhua is similar."
"I guess the good boy is Xu Shengzhe."
"You said, do you have any other news? Will Brother Cannon fire this time?"
"Nonsense, is it still the gun brother?"
"It makes sense, or the interview with Brother Pao is interesting."
"..."
There was a lot of discussion, and for a time many people started to wait for the program to officially start.
...
At the same time, Li Yanhong, who was far away in the capital, saw the flower and muttered, "This bastard, won't it be me?"
He vaguely remembered that Li Dong had called him that before.
Of course, Li Yanhong said so, and he would have done without scolding himself.
As for who Li Dong is going to bombard, he thinks he is definitely not himself.
Both Ma Yun and Ma Huateng are possible, as are several giants in the physical retail industry.
Anyway, no matter who it is, watch the play with the bench.
Li Yanhong was somewhat fortunate. Fortunately, he and Li Dong didn't have much business overlap. Otherwise, whoever could bear the big mouth would chatter all day.
Li Yanhong feels not himself, and many people feel the same way.
Including Zhang Jindong of Suning, old Zhang Ke did not expect that Li Dong would say that he was still waiting to watch fun at this time.