Global Monopoly of Technology

Luo Sheng agreed very readily. After all, there was still some friendship in it. Teng Xun decisively invested in Bluestar Technology in the early stage of its development, which solved the urgent need, and Xu Chenghua's request did not cause any loss to the company. That's it.

As for assists, Teng Xun's listing in Hong Kong is imminent, and Teng Xun currently holds a 9.45% stake in Bluestar Technology, making it the largest external investor and the second largest shareholder after Luo Sheng.

Although the two parties are in a competitive relationship, the better the development of Bluestar Technology, it will help to lift Tengxun's share price. It must be known that the business of Bluestar Technology is not limited to domestic, but also on a global scale, especially in North America. Getting better and better.

If a dazzling data is released at this time, it will definitely be of great benefit to Tengxun, which is listed in Hong Kong the day after tomorrow. In the terminology of the investment community, this is called "event-driven".

Xu Chenghua chatted a few words on the phone and then hung up. Luo Sheng was about to put the landline phone back, but he dialed another number and went to the office of Zhang Bowen, the company's chief operating officer, to arrange the matter.

An hour later, Zhang Bowen compiled a document and sent it to several media.

In the afternoon of the same day, the industry media reported a piece of data about the internal outflow of Bluestar Technology, which was quite complete.

As of the middle of June this year, the data of all major products of Bluestar Technology have been exposed.

The company's core product, the real-name social networking site [BlueSpace], has a total of 258 million global users (149 million active users), of which the overseas version has reached 88.5 million (47.79 million active users), and the North American users have reached 88.5 million (47.79 million active users). It has reached 47 million (28.2 million active users), and its development speed is unparalleled. It has formed a Matthew effect in the domestic Internet market, and the overseas version is also far ahead. The total user scale of competitor MySpace has only reached 11 million so far.

Yunge Search's market share in the domestic search engine market has reached 14.2%, and its market share is now second only to Baidu and Google, and the growth momentum is the most eye-catching. "Currently, the popularity of domestic entertainment programs has driven the explosive growth of Tieba, which has indirectly driven cloud song searches. In addition, the hao123 navigation website is also a major contributor.

The Anonymous Forum has 68 million global users (27.2 million active users), of which the number of North American users has reached 38.2 million (16 million active users). The growth of Reddit according to user growth can be described as explosive, but because you can register at will, the gold content is far less. BlueSpace users, but Reddit's traffic growth has soared terribly.

Bluestar Music has been launched for more than a month and a half, and the number of registered users of the domestic version has reached 16.2 million. The product received rave reviews as soon as it was launched, and it all depended on the support of its peers. Strictly speaking, there was no peer to set off, because many functions of Bluestar Music appeared for the first time, and it directly hit the G spot of music lovers. In the way of "Wangyeyun Music", in Internet cafes, the Bluestar Music client has become a necessary client software for installation, just like Baofengyingyin.

The number of users of the international version of MusicSpace has reached 7.17 million, and the two versions are launched simultaneously. Although the growth rate of the international version is far lower than that of the domestic version, the commercial value of the users of the international version is higher, because the foreign intellectual property protection mechanism is currently outnumbered by the mainland. It is an indisputable fact that the mainland has a long way to go to establish a sound intellectual property protection mechanism.

It is worth mentioning that the current cumulative user volume of rival Apple's iTunes has exceeded 100 million, and the cumulative sales of the iPod since its launch has exceeded 100 million.

However, in the face of MusicSpace music, Apple said that it is impossible not to pay attention to it and not to be under pressure. In just one and a half months, its user scale has reached about 7% of iTunes music from scratch. According to this trend, MusicSpace music will use a It took 1.5 years to complete the accumulation of 100 million users, while iTunes took more than three years to do so.

Innovative features bring a better user experience. New users register for free for a week, plus an ultra-low price of $0.59 per song, plus the drainage of other social products of Bluestar Technology, and a small assist from Microsoft secretly. Again, these factors have contributed to MusicSpace's dazzling growth.

In the face of Luo Sheng's price war, at the cost of losing $0.004 for every song MusicSpace sells, Apple is still hesitant to lower the price and fight the price subsidy war with its opponents.

But it has been slow to make a decision, and Apple is still struggling to maintain the company's market value and iTunes rivals.

It can be said to confirm the sentence: from frugality to luxury is easy, from luxury to frugality is difficult.

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After Bluestar Technology announced its product data, the industry's reaction was one word - hot.

The rhythm of being full of envy, jealousy and hatred is absolutely hot. Except for Reddit's poor valuation, it is more than enough for other products to be independent and become a separate Internet company. The data can be successfully sent to Nasdaq, and the market value can definitely reach more than 500 million US dollars, which is still based on the current valuation.

What makes people envious and mad is that so many products are used by the same company. The previous B round financing supported the valuation of Bluestar Technology of 27 billion yuan. At that time, some people questioned whether it would be a bit inflated. , the bubble is too serious.

But as soon as this data that has passed the third-party audit is revealed, is it overestimated? It is now far more than that valuation.

As soon as the report came out, it spread to North America through the Internet the next day, and the major investors of Bluestar Technology were all overjoyed.

As for the dissatisfaction with Luo Sheng's copyright strategy some time ago, I have already forgotten it. Is there such a thing?

The earlier the investor invests, the higher the return. As an angel investor of Bluestar Technology, Tengxun is definitely the biggest VC winner, and has obtained the most equity at the least cost.

Now Bluestar Technology Co., Ltd. has become a favorite in the capital world. In addition to the original investors, some new investment institutions have also maintained their focus and continued to pay attention to it, waiting for the arrival of its C round of financing.

The more you enter the market, the lower the return, but the success rate is getting higher and higher. In general, there are gains and losses.

After the news reached Wall Street, the next day, June 15, the Wall Street Journal published an article on the valuation of Bluestar Technology from an authoritative analyst.

Wall Street analysts are very authoritative, because their forecasts are almost inseparable from the actual trend, or even exactly the same. After all, there are really many mathematicians on Wall Street.

The analyst said: The current valuation of Bluestar Technology is guaranteed at US$5.5 billion. If this development momentum continues, it is reasonable for the value of Bluestar to break through the US$10 billion mark by next year.

This report crossed the ocean on the same day and spread to the port area. The entire Hong Kong stock market was excited because Tengxun has disclosed the number of shares it holds in Bluestar Technology: 9.45%. Before, the outside world only knew that Tengxun was a bluestar It is the largest external investment shareholder of Star Technology, but it is unknown how much equity it holds.

Tengxun will be listed in Hong Kong tomorrow. There is no suspense. The news of crossing the sea from Wall Street is undoubtedly a major positive. Driven by this event, the market is generally optimistic.

On the eve of the listing, Tengxun also announced the company's related operations. The company expects to make a profit of 516 million this year, of which the Internet value-added service revenue accounts for 40.6%. The service scope includes various instant messaging services, community services and entertainment services. In fact, the strongest Income is qq show. Middle school students and elementary school students who are studying send their female classmates in the class or the female classmates in the next class a QQ show or something, which is quite popular at the moment.

As of mid-April this year, QQ registered users exceeded 300 million, and the highest simultaneous online users reached more than 6 million.

According to Tengxun's public information, the profit in the first quarter of 2004 was 127 million yuan, an increase of 92% over the same period last year. This year, it is expected to have a net profit of 485 million yuan.

It is no exaggeration to say that this year is the moment when Teng Xun completely announced the turnaround of the salted fish. It must be known that Teng Xun felt uncomfortable in the past few years because he could not find a profit point.

While the market was looking forward to it, the time finally arrived on June 16, 2004. Tengxun went public as scheduled. The Hong Kong stock market has been waiting for this moment for a long time. Countless investors are looking forward to this capital feast.

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