Global Monopoly of Technology

Goldman Sachs (Asia), as the global coordinator and sponsor of Tengxun's listing, sold 420.2 million shares at a price of HK$4.52 per share, raising approximately HK$1.9 billion ($243 million), and the company's market value reached HK$7.6 billion ($976 million).

According to the issue price of 452 million Hong Kong dollars, the personal assets of Xiao Ma, who owns 14.43% of the company's shares, are close to 1.1 billion Hong Kong dollars.

On the day of Tengxun’s listing, the stock price experienced explosive growth, and it opened with a gap. As of the closing price, it was HK$7.30, an increase of 61.5%.

In Hong Kong stocks on this day, investors and stockholders big and small are going crazy for this capital feast.

The changes of these huge numbers in the blink of an eye are not only the changes of numbers, the fluctuations of the K-line chart, but the most important thing is the fluctuation of wealth, and this is the most crazy thing.

On this day, Tengxun, one of the four major domestic "BALT" Internet companies, took the lead in successfully achieving an IPO. For a start-up company, the realization of an IPO means that the "startup game" has been cleared, and Tengxun used the It took about 6 years to clear the customs, and it was a new beginning after the listing. The final result will be known only after going on.

This day is destined to be Tengxun's highlight moment, and no one can grab the headlines in the industry, except for Bluestar Technology, which is still a strong point, because Bluestar Technology is also frequently mentioned in the news reporting Tengxun's listing.

People in the industry only need to think about it to find out that on the eve of Tengxun's listing, Bluestar Technology suddenly released a document. It is rare that this document is not too complete. The consensus in the industry is that Tengxun’s 9.45% stake in Bluestar Technology has played a big role in the 60% surge on the day of its listing. According to the current valuation of Bluestar Technology, this stake may be at a premium of about US$500 million. It is equivalent to one-third of the current total market value of Tengxun.

One of the four major Internet companies "BALT" has already completed its listing, and industry insiders and the media are also paying attention to which one will be next. After all, the other companies should almost be listed.

But it will definitely not be Bluestar Technology. The reason is very simple. Two reasons. The first is that Bluestar Technology has only reached the B round financing stage. Although it is not necessarily necessary for all ABCDEF to go to the market before going public, the second The reason indirectly proves that Bluestar Technology will not be listed in the short term, that is, it has not created a profit of one dollar so far.

It's not that Bluestar Technology can't make money, no one thinks that, but Luo Sheng has been pressing the company not to rush to realize profit, this is for greater ambition.

And this is also the reason why many people in the industry admire Luo Sheng very much. He can quickly realize profits but always hold back. This is not something ordinary people can do, not only to restrain themselves, but also to get investors. .

Many people are very much looking forward to what kind of grand occasion will be when Bluestar Technology officially realizes the flow of traffic.

The biggest voice in the industry is Whiteness, because at the beginning of this year, Whiteness also reported that it would go public in the United States next year.

Bai Du is actually very uncomfortable now, because Luo Sheng has once again muddled the domestic search engine market that was gradually clear. Until now, who can stand out from it is still foggy.

Most people think that Baidu is the most likely to become the second listed company in the "BALT", because it is likely to become more and more difficult if it does not seek to go public.

As for Ali Baba, nowadays Ali Baba can generate 1 million yuan in profits every day, which is not sure how many times better than in 2002. In that year, Ali Baba was really dying and the company almost disappeared. .

But Ali also has no plans to go public in the near future. He is currently fighting with eBay, and his domestic counterparts have not solved it.

Because eBay has a lot of competition pressure, it can't solve it.

...

On the morning of June 17 the next day, Luo Sheng took the initiative to call Xu Chenghua to congratulate him.

"To be honest, Brother Luo, if you didn't have about 9% of your company's shareholding, we wouldn't dare to set the issue price at HK$4.52, but HK$3.7, but what I didn't expect was that the market opened higher on the same day. , which is roughly calculated before and after, at least double the company's total market value premium."

At this moment, Luo Sheng was having a phone conversation with Xu Chenghua, and only then did he know that Tengxun had planned to set the issue price at HK$3.7 and expected to raise about US$200 million. After negotiation, it was raised to HK$4.52 in US stocks, and the IPO raised US$240 million, but the result still underestimated market expectations.

The two sides communicated for a few minutes before ending the communication, and everyone was very busy.

Luo Sheng stayed at Bluestar Technology for two hours, held an executive meeting to learn about the company's operations and the development process of the [Bluestar Video] project, and then went to Azure Coast.

His current work focus is basically on the Côte d'Azur, and two-thirds of his working time is in the "Côte d'Azur laboratory". Once the Côte d'Azur company was established and the highly confidential [Azure] project plan was launched, Luo Sheng's focus was Undoubtedly it fell on the Cote d'Azur company.

Luo Sheng is undoubtedly an innovator when he founded Bluestar Technology and launched one by one Internet products, because the products he has made have never been done in the industry.

As for the products planned by the Azure Coast Company's [Azure] project, Luo Sheng is undoubtedly a challenger, and the object of challenge is also a behemoth, one is more terrifying than the other, it is a real giant in the industry, and it is not one or two, just one. For example, Apple, Motorola, Benz, Blackberry, Nokia...

...

With the passage of time, the popularity of Tengxun's listing finally receded in the industry. After the company's market value reached the line of 16.2 billion Hong Kong dollars, it finally stopped the skyrocketing curve.

On June 21 of this year, the search engine section of Bluestar Technology officially launched the related supplementary product of Yunge Search [Cloud Song Know], which is a search-based interactive knowledge question and answer sharing platform. Luo Sheng decided on the idea, and Yu Jun served as the product manager. The project was approved as early as February this year, and Yu Jun led a team to develop it.

[Cloud song knows] The launch did not hold a grand product launch, but it went online as scheduled.

...

The next day, the headquarters of Baidu Company.

In a conference room, Mr. Li had an impromptu meeting with people from the company's operations department and several senior product managers.

"Bluestar Technology Co., Ltd. low-key launched a related product of Yunge Search yesterday, called [Yunge Know], a search-based interactive knowledge question-and-answer Internet product, what do you think?" Mr. Li said solemnly.

Maybe apart from Luo Sheng's Bluestar Technology, other Internet companies have a strong sense of crisis. Among the "BALT" four giants, Baidu's sense of crisis may be the biggest since last year, and the other three are more and more frequent. The better the direction of development, only the whiteness seems to be doing the opposite...

It is no exaggeration to describe the company as being attacked by enemies. Although it occupies more than half of the search engine market share, it does not dare to take it lightly. Since the launch of Bluestar Music by Bluestar Technology, Baidu has quickly acquired Qianqian Music to consolidate its subsidiary. The moat of mp3 music search can be seen.

Whiteness is really anxious right now.

A senior product manager in the meeting was using Yunge to search on his laptop, and after experiencing a competitor's new product, he said: "Bluestar Technology's new product, how do I say it, I think it can be regarded as It is a supplement to the cloud song search function, and its biggest highlight is that users can ask other users through the point reward mechanism to solve problems and enrich the search mode according to targeted questions.”

The product manager sitting next to him added: "The answers provided by users will be further used as search results to provide other users with similar questions to achieve the effect of knowledge sharing. To be honest, this is the power to mobilize the masses, Users are both users and creators of content, forming a virtuous positive cycle, which is perfect.”

"Whether it is the previous [Post Bar] or the current [Know], the accumulated knowledge data can be reflected in the search results, and then through the interaction between users and Yunge Search, the community of search engines can be realized." Another participant attended the meeting. The executives of the company couldn't help but said with emotion: "Luo Sheng is the originator of social sharing and web 2.0. Cloud song search combined with these related products, the user experience is indeed commendable."

...