Reborn multinational giant

In the previous life, live video websites have been popular in the Internet industry and investment circles for a while, but that is already after 2015. Therefore, the investment focus of Huizhong and Zhongying Capital at this stage does not include the live video industry. Startup company.

However, since he hit, Fang Zhe naturally had no reason not to vote.

In the previous life, Huya was listed in the United States at a valuation of nearly ten billion U.S. dollars, but later, due to weak profitability, the stock price has been falling.

The same situation also occurred in the entire video live broadcast industry, including the panda live broadcast, founded by Wang Xiaocong, the son of Wanda. After the success, the profitability could not keep up and he had to seek financing or even sell himself.

Of course, in Fang Zhe's view, this does not mean that there is no "money" scene in the live video field. It can only be said that the cultivation and development of this market takes time.

Similarly, the capacity of this market is limited, and there is no way to accommodate several unicorns at the same time, but in the mature period of the industry, it is still possible to cultivate one or two unicorns through mergers and acquisitions and other means!

On the other hand, whether it is to expand the influence of Huizhong's steam China and related games, cultivate its IP benefits to enhance its value, or the strategy of not putting eggs in one basket, it is impossible for YY to exclusively take steam China and Huizhong's subordinates. Fang Zhe needs to invest in one or two live video websites for all kinds of game live broadcast copyrights, especially those websites like Huya that express their mentality and feel at ease to do video live game live broadcasts!

As for Huizhong or Steam China to do their own live video broadcast, this is not within Fang Zhe’s consideration. Tencent’s becoming the public enemy of the Internet industry is a lesson for the past. Although the huge business front seems to make the entire company and the group extremely powerful. , But the company’s ability to resist risks is far more fragile than the ecosystem built around this company.

This is also one of the important reasons why Fang Zhe doesn't do taxi-hailing by himself, and Mo Mo and other unicorn creative products that he has known for a long time in his head, but he chooses to invest in these startups by spending money.

In the future, based on Huizhong's games, and even more upstream novels or animation IP as the core, we will build an ecosystem of games, animation, film and television adaptation, live broadcast, and peripheral development. Under such macro-strategic thinking, Fang Zhe With a smile, he expressed his optimism about Huya and potential investment intentions to Dong Rongjie on the stage!

After Dong Ruijie stepped down, the project brought by the fifth contestant also made Fang Zhe a little bit interesting. This contestant was named Chen Chi, and the entrepreneurial project he brought was called Xiaozhu Short-term Rental.

That's right, when Fang Zhe heard the name and read the resume of founder Chen Chi, he knew that this company, like Huya, was also a project that had existed in a previous life.

The core concept of Xiaozhu Short-term Rental is actually some of the meaning of shared rental housing. Landlords can put their own rental information on the Xiaozhu Short-term Rental platform, and tenants can filter the information on the platform for renting.

At first glance, Xiaozhu Short-term Rental is very similar to the rental business on local life service websites such as Ganji.com, 58.com, etc., which have existed for a long time in the country. , In addition, in terms of listings, it is also more targeted at distinctive homestay listings. In terms of tenants, it is mainly targeted at tourists with travel intentions!

After Chen Chi took office, the two things mentioned in the project speech attracted the attention and interest of Fang Zhe and more than a dozen judges.

One is that foreign countries started earlier than Xiaozhu’s short-term rental, and the model is very similar, and Airbnb, which has received investment from Zhongying Capital, a few months ago, including Huizhong and overseas DST, GCP and other venture capital institutions, It has just made a $120 million Series B investment in this company with a valuation of $1 billion.

Another thing is that more than a month ago, Baidu invested 306 million US dollars in domestic online travel website Qunar, and it became the news of Qunar's largest shareholder.

"With the improvement of the consumption level of Chinese people, the online travel market has ushered in a period of rapid growth and explosion. I have been in the Internet industry for more than ten years, and I have been feeling that I did not encounter the right opportunities and found the right direction for entrepreneurship. .

Until the Shenzhen IT Summit at the beginning of the year, when I heard Fang always mentioned a company called Airbnb in the United States, I was curious about what this company did. Since the United States has it, does China have the same Entrepreneurial opportunities.

After a lot of investigation and analysis, I finally founded the current Xiaozhu Short-term Rental. Half a month ago, this platform was just launched. Because of my participation in the entrepreneurial competition, the current traffic on the platform is quite good. So here, I want to thank Fang Zonghe for this entrepreneurial competition!

Search engines have always been the core entry and the best weather vane of the Internet industry. What needs of the Chinese people are growing, and what markets are rapidly developing and expanding, I believe Baidu and Mr. Li should be the one who knows best.

Previously, Baidu invested in the Qunar website, which gave me the confidence to insist on being a short-term rental platform for homestay travel. Therefore, I also want to express my gratitude to Mr. Li and Baidu. Thank you Mr. Li and Baidu!"

Chen Chi has been in the Internet industry for more than ten years, and he has made him a lot of smooth business. Let alone Fang Zong and Li, Huizhong and Baidu have any influence on his establishment of Xiaozhu Short-term Rental. Anyway, he is now The two high hats were worn on the heads of Fang Zhe and President Li. Fang Zhe disliked such a character.

In addition, the short-term rental market involves various troublesome issues such as rental policies, rental safety, housing management, landlord and tenant disputes, etc., which also make this business very heavy, and Fang Zhe has never liked heavy business. Therefore, Fang Zhe just showed a professional smirk to Chen Chi's flattery, and casually replied a few words. As for whether he is optimistic, whether to invest or not, I am sorry, I don't want to talk now!

Compared with Fang Zhe’s indifference to this project, the big names of Baidu Li and other Internet companies have performed much more enthusiastically, especially since they heard that Airbnb, which also rents homestays overseas, is now valued by 10 Billion dollars, it means that this business model has been verified, even if the business is not profitable, you can always find a picker?

From the barbaric era of the domestic Internet industry to today, the judges on the board of judges have seen too many cases of overseas companies spending huge sums of money to purchase domestic companies of the same type in order to enter the domestic market. In their opinion, even if the pig is short If renting is not good in the future, you can sell it to Airbnb, which enters the domestic market. Anyway, you can make money!

After Xiaozhu’s project speech and judges’ speeches ended, all the top 5 projects of this entrepreneurial competition were finished. At this time, one and a half hours have passed since the start of the live broadcast, and the competition finally welcomed Here comes the most anticipated session on the scene and in front of TV sets across the country, and the final top 5 rankings are announced!