Reborn multinational giant

At 7 o'clock in the evening on October 18th, Yanjing time, the plane that Fang Zhe and Lei took and landed at Yanjing International Airport.

Although Fang Zhe’s visit to India for nearly a week this time was mainly to help Xiaomi settle the matter of entering the Indian market, he himself has a deeper understanding of the current market environment in India, which will help Huizhong's future in the Indian market. The layout and investment are very helpful!

Xiaobie wins the newlyweds, Si Ye, Fang Zhe, who has been smelling the strange smell in India for several days, lingers with Feng Xueji until late at night, and falls asleep!

In the early morning, while Fang Zhe, the big boss, was still sleeping, a piece of news about Huizhong, accompanied by various morning news, quickly spread on the Internet, and caused a heated discussion among netizens across the country!

"Youku and Tudou merged to form a new company, Youku Tudou, and Huizhong invested 9.6 billion yuan in the company, accounting for 51% of the shares!

Youku and Tudou are two established video sites that have long been famous in China. They are listed as the four major domestic video sites alongside Tencent’s own Tencent Video and Baidu’s iQiyi. However, now such two established video sites have announced Merged, and the newly established company is actually controlled by Huizhong!

The occurrence of such a big change in the two well-known domestic video websites has naturally aroused widespread concern and heated discussion among netizens across the country.

"As soon as I got up to go to work, I saw such a big melon, so I quietly occupied the front row!"

"The front row sells melon seeds benches!"

"I don't understand how the two websites were merged properly. Will my Youku members be able to use Tudou in the future?"

"Tudou.com, a familiar name, remember that Tudou.com was quite popular a few years ago. Does anyone still use it now?"

"I use iQiyi now, and a one-year membership only costs 1 cent, so don't use it for nothing!"

"Hey, 9.6 billion, who can tell me how much Huizhong earns in a year, so rich and powerful?"

"Huizhong finally reached out to the video website industry? Tencent President Ma has to sleep again!"

Ordinary netizens are just thinking of watching the crowds and eating melons for the merger of Youku and Tudou, while many practitioners and experts in the Internet industry and video website industry analyze this news from different perspectives. Deeper meaning.

Gong Yu, founder and CEO of iQiyi, at the headquarters of iQiyi Company, Beiyi Street, Haidian District, Yanjing, is having a morning meeting with several core executives.

"They finally announced the news, what do you think?" Gong Yu asked with a heavy expression.

Although the news of the merger between Youku and Tudou was officially announced today, before that, many people with keen sense of smell in the Internet industry, especially iQiyi, a competitor of the video website industry, had long speculated and anticipated this.

First half a year ago, the two companies were privatized and delisted. Then there were frequent exchanges between the two companies' executives, and the top-level changes were fierce. Anyone with a little brain can guess that a major change has occurred in the middle.

And Gong Yu and other senior executives of iQiyi have long predicted that the two companies are likely to merge, or one party will be acquired by the other party and other situations, and have made various plans and preparations for this.

However, neither Gong Yu nor other executives of iQiyi expected that Huizhong would push and intervene behind the merger of Youku and Tudou, and even more so that Huizhong would have a controlling stake in the new company after the merger. the company!

More than half a year ago, Fang Zhe’s meeting with Youku CEO Gu Yongqiang was very secretive. Since then, the merger of Youku and Tudou has been promoted by Gu Yongqiang and the top executives of the two companies. Huizhong rarely intervened until the two After the company's merger was completed and a specific investment agreement was signed with Huizhong, the news was officially announced to the outside world!

At this time, Gong Yu’s mood is as ugly as his face. The reshuffle of the national video website industry has become a trend. They love Qiyi and are also following this trend, and relying on the four major Internet giants behind them. One of Baidu, strives to become an industry shuffler.

In his original prediction, even if Youku and Tudou merged together for warmth, it would be difficult to compete with iQiyi and Tencent Video, which is backed by Tencent. The final industry pattern will be the battle between iQiyi and Tencent Video, or two. Strong and weak, a fragile three-legged situation.

However, he did not expect that Huizhong would intervene, and it happened to support the weakest Youku Tudou. In this way, the three-legged situation will become more complicated, and Huizhong will even be stronger than Tencent and Baidu in this industry. In the end, there can only be one winner, Youku Tudou.

Gong Yu has no doubt that this situation is likely to happen, because the domestic video website industry has developed to this day and has become a game among several major Internet giants, whether it is high video copyrights or paying huge amounts of money to cultivate users. Habits, only a few big Internet giants with good money can afford to play.

In other words, whoever has more money, who has more resources, has the advantage of winning. Obviously, Huizhong, which makes money around the world, has more money than other major domestic Internet companies!

"President Gong, I don't think we need to worry too much about Huizhong's entry. The payment habit of domestic users is not so easy to develop in a short time.

We spent more than half a year in the activity of opening annual membership fee for 1 cent, and we have accumulated less than 6 million members. Most users are unwilling to spend even 1 cent, let alone let them spend more money?"Iqiyi Operations President Geng Xiaohua comforted.

“I think Mr. Geng’s statement makes sense. In the past two years, the domestic video website industry has begun to reshuffle. All websites are losing money to attract users. Even if Huizhong spends money on this, it is impossible to spend too much.

Don’t forget, in accordance with the gambling agreement signed by Huizhong’s Series A financing, Huizhong must be listed at the end of next year at the latest. At this time, Huizhong cannot carry too many losses and drag its overall performance.

Compared to the overall development of Huizhong, I think it’s unlikely that boss Fang will spend too much money for a small video industry, and if the money is small, we don’t need to be afraid of him!"

The optimistic analysis of several executives has eased Gong Yu's anxiety a lot. Although Huizhong's entry has made the reshuffle of the video website industry more complicated, there is no need to be afraid of iQiyi, which is backed by Baidu. he.

"President Gong, now that Huizhong has intervened in shuffling the cards, do we also strengthen our own strength? I met with Mr. Liu of PPS a few days ago. Hearing his tone, many shareholders of PPS have withdrawn. Thoughts, after all, the entire industry is losing money and shuffling cards. No one knows that this situation will continue for several years."

Gong Yu raised his brow, yes, if you can merge, can't I?Although iQiyi has no money, Baidu has it!