Chapter 106 Panic! Really Panic (Yesterday's third update, please subscribe) As a prosperous Internet market, Xiaguo does not have as many historical problems as the Internet industries in the United States and Europe. Everything starts afresh, and the momentum for development is even stronger. Moreover, Xia Country has a large population base and many young people, and is more receptive to the Internet. Therefore, whether it is Sequoia Capital or IDG and other foreign venture capital institutions, they have been planning for the Internet and mobile Internet in Xiaguo in recent years. Everyone hopes to find some growing pearls in this blue ocean market and invest in these start-up Internet companies at the initial stage so as to obtain extremely lucrative profits in the future. One has to admire the extremely accurate vision of these Western venture capital institutions. Companies such as Xinlang and Wangyi in the early years, and companies such as Penguin and Ali in the previous years have made these overseas venture capital institutions profit greatly. IDG’s previous success in companies such as Penguin also established their title of “angel” in Xiaguo’s Internet industry. Many start-up companies in the Internet industry, when they have achieved a little success, eagerly look to venture capital institutions such as IDG to invest in them, or even take the initiative to throw themselves into the arms of such institutions in the hope of obtaining angel funding. The Internet is a money-burning industry, but it is also an industry with unlimited potential. But as long as you get angel funding, the chances of success in the future will be greater. But angel funding is not easy to come by.
Venture capital firms have the world's top analytical teams and industry experts, and they will invest in anything, no matter how little you throw at them. Therefore, even though many Internet entrepreneurs are frantically painting big rosy pictures for venture capital institutions and making their financial reports look great, venture capital institutions also have their own judgments. They are unwilling to invest in projects that are not sure to make tens or even hundreds of times the profit. In addition, investment specialists from different industries within venture capital institutions also pay close attention to their own industries every day, hoping to discover growing gems before other institutions. Pete used the Jiyue browser accidentally because he saw the company's intern Xia Guo using it. He would take out his phone to read information whenever he had time. Phones running the Symbian system are not quite the same as later Android or IOS phones. In fact, it can only be considered a semi-intelligent system. Therefore, the playability of mobile phones is not very high. Unless you are reading novels or playing games, you probably won’t be holding your phone all the time. "Xiao Wang, what novel have you read recently? I noticed that many of my colleagues have been reading online novels recently, such as Inch of Light and Infinite Horror. I am also very interested in your online novel culture recently." Although Pete's name may seem like a Western name, he is actually a Chinese American. He grew up in Xia Country when he was a child, and immigrated to the United States with his parents when he was in high school. After graduating from graduate school, he joined IDG. Because he knew Chinese and the living environment in Xia Country, he was sent to Xia Country by IDG to work. Xiao Wang then realized that he was caught by the minister while looking at his phone, so he quickly put his phone away and said, "Ah! No, I'm not reading a novel, I'm reading the news." Xiao Wang thought that Pete was playing tricks on him and said these words on purpose but in fact he was just mocking him. But Pete said, "I'm not criticizing you. I just noticed that you've been looking at your phone for more than two hours. What news portal has you been so fascinated by?" Xiao Wang was sure that Peter had not played a trick on him, so he took out his phone and said, "It's not a portal website, it's the information section of the browser." “This browser is very easy to use. It pushes things to me based on my preferences.” Xiao Wang is personally very interested in history. But history is something that, if you only read historical books or documents, is very profound and not something that most people can understand. The information that Xiao Wang reads is written by columnists or ordinary history enthusiasts after their own reading and secondary processing of what they have read. It is relatively easy to understand and fascinating. As if to prevent Pete from blaming him, and also as if to talk about his favorite history, Xiao Wang was ready to show off, so he handed the phone to Pete. After Pete saw the layout of the Jiyue browser and the information push mode, he keenly realized something.
Which company made this browser? Why is it more comfortable to use than UC? Jiyue? Pete wrote down the name. Pete downloaded the Github browser and tried it out in his office. He found that Github was much better than UC in terms of fonts, icons, functional layout, and content. Especially for information push, there must be powerful algorithms involved. Pete's heartbeat quickened. If the Jiyue Browser is discovered by the senior executives of IDG Xiaguo District, then IDG's third round of financing for UC will be worrying. Currently, UC has reached an agreement with Sequoia Capital and is in talks with IDG. Pete tried his best to urge IDG and UC to reach an agreement, because the main leaders of UC gave Pete a lot of benefits. As long as IDG agreed to give UC the third round of financing, Pete would be able to achieve financial freedom immediately. Pete was a little flustered. According to Jiyue's model, the staff of IDG Xiaguo District Headquarters will use it sooner or later, and one of them will let the cat out of the bag and tell the senior management about it. When we evaluate the situation again and find out that UC has such a strong competitor, there will be no chance for UC to get the third round of financing. There is no chance for UC to go into the third round, and there is no chance for me to achieve financial freedom. Pete closed the office door and called Ke Xiaopeng. "Pete!" Ke Xiaopeng suffered from insomnia every day during this period and was in a stalemate with IDG and Temasek. The other party insisted on waiting for UC's 2008 financial report and market performance before returning the investment. Now Pete from IDG called, and Ke Xiaopeng thought that IDG had some latest news, such as that the top management of IDG Xiaguo had reached an agreement on investing in UC, etc. So I quickly raised my voice a few points and greeted Pete. Of course, it's in English. Although Ke Xiaopeng believed in his heart that the other party was Chinese and was speaking English, he felt that Pete was disgusting. But there is no way. This is the era and this is how business works. Even if you know that the other person is a Chinese who has lived in Xia Country for decades and can understand Chinese, you still have to greet him/her in English. You have to eat what the other person vomits! "Mr. Pete, is there any news on financing?" Pete said: "What news is there? Do you know the Jiyue browser?" Ke Xiaopeng's heart skipped a beat; the thing he was most worried about had happened. Venture capital firms have taken notice. Pete said: "I suggest you find a way to get Jiyue as soon as possible. If Jiyue becomes more well-known in the market and more people use it and notice it, IDG's third round of financing will definitely change." Pete used the word definitely, not maybe. After hanging up the phone, Ke Xiaopeng held an emergency meeting. (End of this chapter)