Global monopoly of technology

Goldman Sachs (Asia), as the global coordinator and sponsor of Tengxun’s listing, sold 420.2 million shares at a price of HK$4.52 per share, raising approximately HK$1.9 billion (US$243 million), and the company's market value reached HK$7.6 billion. ($976 million) or so.

Based on the issue price of 452 million Hong Kong dollars, Xiao Ma Ge, who owns 14.43% of the company's shares, has personal assets close to 1.1 billion Hong Kong dollars.

On the day of Tengxun’s listing, the share price ushered in explosive growth and gapped open. As of the close, it was reported at 7.30 Hong Kong dollars, an increase of 61.5%, and the market value reached 12.274 billion Hong Kong dollars. On the same day, Xiao Ma’s worth soared to 1.77 billion Hong Kong dollars.

In Hong Kong stocks on this day, investors and stockholders of all sizes are crazy for this capital feast.

The changes of these huge numbers in a flash are not only the change of numbers and the fluctuation of the K-line chart, but the most important thing is the fluctuation of wealth, and this is the most crazy.

On this day, Tengxun, one of the four major domestic "BALT" Internet companies, took the lead in successfully achieving an IPO. For a startup company, achieving an IPO means that the "entrepreneurial game" has been cleared, and Tengxun used It took about 6 years to clear the customs, and it was a brand new beginning after the listing. The final result can only be known after going down.

This day is destined to be the highlight of Tengxun, and no one can grab the headlines in the industry, but except for Bluestar Technology, it is still strong, because Bluestar Technology is also frequently mentioned in the news about the listing of Tengxun.

People in the industry just need to think about it and discover that on the eve of Tengxun’s listing, Bluestar Technology suddenly announced an information. It is rare that this information should not be too complete.The industry unanimously believes that Tengxun’s 9.45% stake in Bluestar Technology has soared by 60% on the day of its listing, which played a significant role. According to the current valuation of Bluestar Technology, this equity may have a premium of about 500 million US dollars. Equivalent to one-third of the current total market value of Tengxun.

One of the four major Internet companies "BALT" has already gone public, and industry insiders and the media are also paying attention to the next one. After all, the other companies are about to go public.

However, it will definitely not be Bluestar Technology, and the reason is very simple. There are two reasons. The first is that Bluestar Technology has reached the B round of financing stage. Although it is not necessary for ABCDEF to go public before going public, the second is The reason indirectly proves that Bluestar Technology will not be listed in the short term, that is, it has not yet created a dollar of profit.

It's not that Bluestar Technology can't make money, no one would think so, but Luo Sheng has been suppressing the company's eagerness to realize profits. This is for greater ambition.

And this is also the reason why many people in the industry admire Luo Sheng very much. They can quickly realize profits but can always hold back. This is not something ordinary people can do, not only to restrain themselves, but also to deal with investors. .

Many people are extremely looking forward to the day when Bluestar Technology officially monetizes traffic, what kind of grand occasion it will be.

The biggest voice in the industry is Whiteness, because at the beginning of this year, Whiteness also reported that it would go to the United States next year.

Baidu is actually very uncomfortable now, because Luo Sheng has once again muddled the domestic search engine market that had gradually become clear, and until now, who can stand out from it is still confused.

Most people think that Baidu is most likely to become the second listed company in "BALT", because it is likely to become more and more difficult if it does not seek to go public.

As for Ali Baba, the current Ali Baba can create a profit of 1 million yuan every day, which is many times better than the time in 2002. I don’t know how many times it was. That year, Ali was really dead and the company almost disappeared. .

But Ahri also has no plans to go public in the near future. He is currently fighting with eBay, and his domestic counterparts have not resolved it because eBay’s competitive pressure is so high that it cannot be resolved.

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On the morning of June 17, Luo Sheng took the initiative to call Xu Chenghua to congratulate him.

"To be honest, Brother Luo, without your company’s 9% shareholding, we would not dare to set the issue price to HK$4.52, but HK$3.7, but unexpectedly, the opening of the trading day would have gapped and opened. Calculating roughly, the company’s total market value at least doubled."

At this moment, Luo Sheng was having a telephone conversation with Xu Chenghua, and only then learned that Tengxun’s internal plan was to set the issue price of 3.7 Hong Kong dollars as the issue price. It is estimated that the raised funds will be about 200 million US dollars. After negotiating, the equity of about one of the shares was raised to US$4.52 and the IPO raised US$240 million, but the result still underestimated the market’s expectations.

The communication ended after a few minutes of communication between the two parties, everyone was very busy.

Luo Sheng stayed at Bluestar Technology for two hours, opened an executive meeting to learn about the company's operations and the development process of the [BluestarVideo] project, and then went to the Blue Coast Company.

His current focus of work is basically on the Côte d’Azur, and two-thirds of his working time in the day is in the "Côte d’Azur Laboratory". As soon as the Côte d’Azur company was established and the highly confidential [Azure] project plan was launched, Luo Sheng’s focus Undoubtedly, it fell on the Cote d'Azur company.

Luo Sheng is undoubtedly an innovator when he founded Bluestar Technology and launched a number of Internet products, because he has not done any products in the industry.

As for the products planned by the Azure Coast Company’s [Azure] project, Luo Sheng is undoubtedly a challenger, and the object of the challenge is also a behemoth. One is more terrifying than the other. It is a real giant in the industry, and it is not one or two, just one. For example, Apple, Motorola, Palm, Blackberry, Nokia...

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With the passage of time, the popularity of Tengxun's listing has finally gradually receded in the industry. After the company's market value rushed to the line of 16.2 billion Hong Kong dollars, it finally stopped the soaring curve.

On June 21 of this year, the search engine section of Bluestar Technology officially launched the related supplementary product of Yunge Search [Know], which is a search-based interactive knowledge quiz sharing platform. Luo Sheng decided on the idea, and Yu Jun served as the product manager. As early as February this year, a team led by Yu Jun to develop the project.

[Yunge knows] Going online There is no grand product launch conference, but it goes online as scheduled.

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The next day, the headquarters of Baidu Company.

In a conference room, Mr. Li had a temporary meeting with people from the company's operations department and several senior product managers.

"Yesterday, Bluestar Technology Company launched a low-key Yunge Search related product, called [Yunge Know], a search-based interactive knowledge Q&A Internet product. What do you think?" Mr. Li said in a deep voice.

In addition to Luo Sheng’s Bluestar Technology, other Internet companies have a strong sense of crisis, and among the "BALT" Big Four, the whiteness of the crisis may be the biggest since last year, and the other three are getting more and more frequent. The better the direction of development, but the whiteness seems to be doing the opposite...

It’s not an exaggeration for the company to describe it as being against the enemy. Although it has more than half of the search engine market share, it dares not take it lightly. From the beginning of Bluestar Technology’s launch of Bluestar Music, Baidu quickly acquired Qianqian Music to consolidate its subsidiary. The moat of mp3 music search can be seen.

Whiteness is really anxious now.

A senior product manager in the meeting was using Yunge Search on his laptop, and after experiencing a competitor’s new product, he said: “Bluestar Technology’s new online product, how can I say it, I think it can be regarded as It is a supplement to Yunge’s search function. Its biggest highlight is that users can mobilize other users to solve problems and enrich search patterns based on targeted questions.

The product manager sitting next to him added: “The answers provided by users will be further used as search results and provided to other users with similar questions to achieve the effect of knowledge sharing. To be honest, this is the power to mobilize the general public. Users are both users and creators of content, forming a positive cycle, which is perfect."

"Whether it is [Post Bar] before or now [Know], its accumulated knowledge data can be reflected in the search results, and then through the interaction between users and Yunge Search, the community of search engines can be realized." Another participant attended the meeting. The executives of the company couldn’t help but said with emotion: “Luo Sheng is the originator of social sharing and web2.0, and Yunge Search combines these related products, and the user experience is indeed commendable.”

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