Reborn multinational giant

The new companies that Huizhong invested and acquired in November are all VR companies!

VR, the English abbreviation of virtual reality, in the past two years with the outbreak of smart phones and mobile Internet, the trend of virtual reality has risen again.

It is said that it is again because in the past few decades, the trend of virtual reality has risen several times, but every time it is a short-lived, because some key technical problems cannot be broken through, and finally nothing!

At the beginning of the year, the leaders of the four HBAT companies also discussed the prospects of VR and wearable smart devices at the IT summit. At that time, apart from Baidu’s President Li, Fang Zhe and the other two CEOs, the prospects of these things were not. Not very optimistic, I don’t want to now, Fang Zhe, who was not optimistic at the beginning, has spent hundreds of millions of dollars to invest and acquire several VR companies in succession!

As soon as the news spread, it caused a heated discussion among the global Internet industry and netizens.

"Huizhong has actually deployed the virtual reality field. Is this the next blue ocean comparable to smartphones and mobile Internet?"

"Papa, Mr. Fang's face is really painful, who said he was not optimistic about the VR industry at the beginning!"

"President Fang's screaming screams, on the surface, he is not optimistic, but secretly spends money on acquisitions, which can save a lot of money!"

"This is also called Shaohua? It's just what broke Oculus, which was only established in 12 years. Now Huizhong has spent 300 million US dollars to buy it. It's just a stupid man and a lot of money!"

"Fang Zhe is too prodigal. I think the money raised from listing is too much, I don't know how to spend it!"

"You keyboard guys know the ball, people always call this investment in the future!"

The outside world has paid huge sums of money to acquire several little-known VR companies. In the eyes of many die-hard fans of Fang Zhe and Huizhong, Huizhong is investing in the future.

However, in the eyes of most ordinary netizens, Huizhong spends so much money to buy a few newly established companies that have no products and rely on PPT to support them. They are typical people with a lot of money!

However, how is Huizhong really stupid?The answer is obviously not so!

Although Huizhong is wealthy and generous, not a single penny is squandered. The same is true for several VR companies, including Oculus, which Huizhong has successively invested in.

At the IT summit at the beginning of the year, although Fang Zhe said he was not optimistic about VR and wearable devices, it did not mean that Fang Zhe would not invest and deploy in this field.

Just like Fang Zhe said at the beginning, he is not optimistic, because he is not optimistic that VR and wearable devices can enter thousands of households like smart phones in the next 3-5 years, but wait until 10 or even 20 years later, until 5G After the emergence of the Internet of Things and even more new technologies, the situation will be very different!

Fang Zhe also said that this field is only suitable for Google. Huizhong, a company with deep pockets and not bad money, is engaged in an experimental and layout business. In other words, if you want to make money, you want to make money in 3-5 years or even 10 years. Start-up companies that profit from this are not suitable for doing this.

However, the fact is that many entrepreneurs, start-up companies and various investors from outside, are enthusiastic or deliberate, and start to hype VR and virtual reality following the trend!

Less than a month after the announcement of Huizhong Investment’s acquisition of Oculus and several other VR companies, the number of global start-up VR companies has increased by more than 5 times compared with last month. Investment financing cases in this field have also tripled. the above.

Various entrepreneurial forums and investment summits began to discuss and hype VR and virtual reality. The CEOs of major Internet companies, shrimp soldiers and crabs, opened their mouths and talked about virtual reality!

VR and virtual reality are completely popular in the global venture capital circle!

"What Fang said is really right. In the past two years, the Internet industry and venture capital circles have become more and more impetuous. We have just acquired a few VR companies here, and global entrepreneurs and investors have followed suit. In the field, according to this situation, within two years, the world will usher in a wave of bankruptcy and bankruptcy of VR companies!"

Several employees of the investment department chatted in a coffee break room in Huizhong.

"Who says no? I hope these companies won't scold us Huizhong and Mr. Fang. Mr. Fang can play it. It doesn't mean they can also afford it!

"They love to scold but don’t scold, and Fang always doesn’t care about this, but how can we rely on Huizhong and Fang for this matter? The news we announced to the public has clearly stated that it is a strategic investment layout, 3-5 years or even 10 years. During the year, these entrepreneurs and investors did not consider profitability. These entrepreneurs and investors followed suit, not thinking about fishing in troubled waters, playing drums and spreading flowers, just waiting for someone to take their way and take their orders!"

"Yeah, the current industry is in this trend, and it is not something we can easily change. But don’t you think that Fang always spends so much money to invest in these VR companies just for fun. We are always interested in VR and holographic games. Perseverance is deeply rooted.

I heard from Mr. Huang and Mr. Fang told him that even in 10 years, 20 years, or even 50 years, he will work hard to make a real holographic game. This time the listing has raised so much money, Fang always spends a lot of money in this field. It is normal to try the water with a billion dollars, I am afraid that in the future, Fang always will only spend more and more money in this field!"

Everyone in the coffee break room nodded in agreement. As employees of Huizhong Investment Department, they knew a little bit about Huizhong’s future layout and development strategy, and they clearly felt that nearly two As Huizhong gradually became a world-class multinational giant, Huizhong's investments around the world have gradually evolved from short-term commercial investments to long-term strategic investments.

If in the past, Huizhong invested in a company, it was necessary to consider whether the company could be profitable in the next 5-10 years or even 2-3 years. Now, it will not be 5-10 years or even 10-20 years like VR and virtual reality. Investment projects that are sure to be profitable have also begun to enter Huizhong's investment scope.

"Now many people in the outside world say that Fang's total spending of hundreds of millions of dollars on several VR companies is wealthy and prodigal, but I am afraid they have forgotten that our company has raised nearly 40 billion dollars in this listing, and it has only spent a few billion dollars. , They don’t even think about where the real big head will fall!"

"I am now, especially looking forward to the Global Developers Conference in a few days. I want to see the dumbfounded expressions of the media reporters on the scene!"

After an employee said this, there was a burst of laughter from the same people in the whole coffee break room. They did not know that after knowing the slightest bit of the Global Developers Conference two days ago, their expressions were also stunned with what they said. , Not much difference.

On December 19, the Huizhong Global Developers Conference was officially held at the Yanjing International Conference Center!