Revisiting Future Path

Wei Dongsheng, the 100th billionaire

Tencent's first day of listing, the stock price finally closed at 4.35 Hong Kong dollars.

Tencent's performance is certainly not good.

Nevertheless, listing is a listing after all, and Tencent shareholders can then accurately estimate their total wealth.

Calculated at the closing price of HK$4.35, Tencent’s market value of HK$7.308 billion on that day was equivalent to RMB 7.753 billion. RMB 7.753 billion is lower than Wei Dongsheng’s valuation of 10 billion with voting rights, and higher than Wei Dongsheng’s valuation of 5 billion without voting rights, which proves that Wei Dongsheng’s past valuation is not just talking.

Chunqiu holds a total of 15% of Tencent's equity. The book wealth brought by this 15% equity is approximately equal to 1.162 billion yuan. From negotiating with IDG to purchase a 5.4% stake in Tencent held by IDG for US$6 million (7.2% before the share increase), to a gambling agreement with Tencent to purchase a 9.6% stake at a reserve price of 50 million yuan. In less than six months, this The investment quickly appreciated more than ten times.

If 15% of the equity is successfully realized in the stock market, Chunqiu will immediately obtain a gross profit of more than one billion.

This kind of profitability is by no means weaker than the crazy money in "Ten Kingdoms".

Tencent, which is experiencing a cold in the Hong Kong stock market, can still create a capital miracle. What about Spring and Autumn Network? This is why Wei Dongsheng signed a contract with "World of Warcraft" to seek listing in the United States. If Chunqiu Network can be successfully listed, Wei Dongsheng's total wealth will certainly instantly usher in a more exaggerated expansion.

In fact, there is no need to wait for Chunqiu Network to go public in the United States, Wei Dongsheng has become the focus of public opinion.

Calculated at the closing price of HK$4.35, Ma Huateng's 13.43% equity (note: there is a deviation from the real history), which is approximately equal to 1.04 billion yuan. In the 2003 Forbes China Rich List, Ma Huateng ranked 99th with US$100 million in assets. 1.04 billion yuan compared with 100 million US dollars, Ma Huateng's net assets have increased significantly.

Chunqiu holds 15% of the shares, of which Chunqiu Network holds 3%, Chunqiu Software holds 3%, and Wei Dongsheng personally holds 9% through Dongsheng Holdings. In terms of Tencent's equity distribution, after the largest shareholder MIH, Wei Dongsheng is second only to Ma Huateng.

9% equity is approximately equal to 697 million yuan, and Wei Dongsheng instantly became a billionaire.

Tencent’s prospectus must describe in detail the major shareholders. MIH, Ma Huateng, Wei Dongsheng, and Zhang Zhidong, who hold a lot of shares, were all eye-catchingly red, and they could not conceal their shareholding ratio in a low-key manner. Of course, the main reason is that Wei Dongsheng is too lazy to keep a low profile. Otherwise, through a number of non-listed companies holding shares at various levels, who knows that Wei Dongsheng stands behind the 9% equity?

From the perspective of public opinion, examine Wei Dongsheng's success.

Considering the crazy money of "Ten Kingdoms Spring and Autumn", considering that Chunqiu Network was promoted to the No. 1 game operator in China in the first quarter of 2004, and considering the rumors that Wei Dongsheng holds equity in Chunqiu Software and Chunqiu Network, Wei Dongsheng's net assets absolutely exceed 100% The threshold of 100 million US dollars.

US$100 million is the lower limit of the 2003 Forbes China Rich List.

Wei Dongsheng is very hopeful to be included in the 2004 Forbes China Rich List.

Looking back at the 2003 Forbes China Rich List, the youngest were Ding Lei, head of NetEase, and Ma Huateng, head of Tencent, both 32 years old. At this moment, Wei Dongsheng is only 15 years old and 177 days old. At the age of less than 16, Wei Dongsheng saved at least 697 million yuan in net assets, which not only greatly refreshed the Forbes Chinese rich list record, but also seriously challenged the perception of 1.3 billion Chinese people.

In other words, the appearance of the post-80s generation on the Forbes China Rich List is not new. In early 2003, Li Haicang was assassinated and his son Li Zhaohui, 22, returned to China and inherited the Haixin Iron and Steel Group. He will definitely appear in the 2004 Forbes China Rich List next year. However, inheriting billions of dollars of wealth is not new. As long as the top millionaires want to operate, they can make their newborn babies hold tens of billions of dollars in assets.

It's really rare for people like Wei Dongsheng to start from scratch.

Under 16 years of age, he started from scratch and gained at least 697 million net assets in just one year.

This kind of success is brilliantly unbelievable.

The actual number of 697 million is more impactful than Time Magazine’s 2004 list of the 100 most influential people in the world. After all, the influence cannot be quantified and compared, and the assets can clearly tell you how powerful Wei Dongsheng is.

In fact, Wei Dongsheng's wealth is concentrated in the Spring and Autumn Series companies and Zhiyu Series companies. However, neither the Chunqiu series of companies nor the Zhiyu series of companies are listed. The equity distribution is a cloud of fog in the eyes of the public. Public opinion does not know how much equity Wei Dongsheng holds in the Chunqiu series of companies or how much these equity can be valued. These vague inferences are difficult to convince the public, and Tencent's 9% stake is far less convincing.

All these, after Tencent went public, Wei Dongsheng, the third largest shareholder, became the focus of public opinion.

After waking up the next day, Wei Dongsheng's portrait photos appeared on the front pages of major newspapers.

In the hype last year and before, on the one hand, Wei Dongsheng tried to avoid showing up, and on the other hand, he restrained the cooperative media under the pretext of being underage. Both online media and newspapers and magazines rarely published positive photos of Wei Dongsheng. Unfortunately, the media is also pursuing profits. When the cost of leaks is higher than the cost of confidentiality, the media collectively ignored Wei Dongsheng's privacy interests and released the previously accumulated photos one after another. A certain newspaper and magazine even used resources. The paparazzi's attitude unearthed Wei Dongsheng's detailed information and followed up and reported it, including important information such as Wei Dongsheng's hometown and school status.

In this way, Wei Dongsheng passively became a public figure in just a few days.

Fame is fame, profit is profit; record is record, talent is talent. The rise of Wei Dongsheng’s youth did not stimulate Tencent’s good news. On the contrary, it made investors feel that Wei Dongsheng was young and untrustworthy. He became increasingly pessimistic about Tencent’s future. At the close of the market on June 18, Tencent’s share price fell from HK$4.35 on June 16. To 4.2 Hong Kong dollars, a decrease of 3.44%.

The stock price is the basis of the market value. Tencent's stock price fell to 4.2 Hong Kong dollars, and the market value shrank from 7.308 billion Hong Kong dollars to 7.056 billion Hong Kong dollars. Wei Dongsheng’s 9% equity valuation was also reduced from 697 million yuan to 673 million. In just two days, 24 million yuan of assets evaporated to no trace.

The media does not care whether Wei Dongsheng loses money or not. Whether it appreciates 24 million yuan or evaporates 24 million yuan, all are topics that attract attention. Hedong Province is located inland and is less sensitive to Xiangjiang News. Seeing that Wei Dongsheng was born in Panyang City, Hedong Province, he quickly produced a special topic to track and report Wei Dongsheng, a genius boy who came out of Panyang City.

The camera shifted to a high school in Wuping County.

As mentioned earlier, the students of Wu Ping No.1 High School are generally in financial difficulties, and the students from the county home are only equipped with cheap feature phones. Wu Ping Yigao is under semi-military closed management. Every morning self-study and evening self-study squeeze all the spare time. The students seem to be imprisoned in a large prison for learning and reforming. High school student, fifteen to sixteen years old, with a lively and jumping personality, subconsciously tired of day after day boring. The students are poor and cannot afford communication tools such as laptops, so they buy cheap newspapers to track entertainment and sports news.

On this day, taking advantage of the 30-minute break between the second and third classes in the morning, 0201 students named Qiao Yihui took turns to the canteen to buy snacks, drinks and newspapers. Since June, the temperature in Panyang City has gradually become hot. Qiao Yihui walked to the canteen, grabbed a bottle of cold Sprite, and took a sip to drive away the sultry heart. Walking slowly to the newspaper stand, Qiao Yihui was taken aback when he saw the color-page printed photo on the front page, and the drink in his mouth almost came out. Coughing and swallowing the drink, Qiao Yihui picked up the newspaper and brought it to his eyes: "I'm going, it's Wei Dongsheng."

The shopkeeper looked at Qiao Yihui in surprise: "Ah, do you know him?"

Qiao Yihui didn't care about the shopkeeper talking to him, and looked at the shopkeeper blankly: "Are you asking me?"

Owner: "Do you know Wei Dongsheng?"

Qiao Yihui proudly answered the owner: "Wei Dongsheng is from our 0201 class, of course I know him."

The shopkeeper approached Qiao Yihui and asked curiously: "Wei Dongsheng really made six or seven billion?"

Qiao Yihui didn't understand: "What is six or seven billion?"

The shopkeeper pointed to the newspaper and said, "The newspaper said that Wei Dongsheng made 6,000 or 700 million in QQ."

Qiao Yihui was even more confused: "Wei Dongsheng made six or seven billion?"

Qiao Yihui was shocked and said, "It's Wei Dongsheng," and it was shocking that Wei Dongsheng's photos were published in the "New River News."

In the 1990s, "Hedong Daily" split some columns to form "New Hedong Daily." Because "Xin He Dong" is prone to ambiguity, new readers often misunderstand it as the "Dong Bao" of "Xin He". The "Xin He Dong Bao" was renamed "Xin He Bao" immediately. With a daily circulation of more than one million copies, "Xinhe Daily" is the most famous comprehensive daily newspaper in Hedong Province. Qiao Yihui really can’t understand, Wei Dongsheng, a high school student, how can He De win the headlines of Xinhe Newspaper?

Qiao Yihui looked down the text and immediately understood the reason.

However, Qiao Yihui was so shocked that there was nothing to say.

Qiao Yihui doesn't understand the seed download artifact. Qiao Yihui's family is in the suburbs of the county, and there is no computer at home and no broadband network cable. All his understanding of the Internet comes from the impression of an Internet cafe. Qiao Yihui was ignorant of the concept of download tools, and could not judge its value and meaning.

Qiao Yihui has some concepts in "Ten Kingdoms Spring and Autumn" run by Chunqiu Network. Qiao Yihui doesn't play online games. Every time he goes to the Internet cafe to relax, he can see the bright pictures of "The Spring and Autumn of the Ten Kingdoms", and occasionally hear the players of "The Spring and Autumn of the Ten Kingdoms" bragging to each other about how many yuan his chairman has recharged. Qiao Yihui was shocked that some people were willing to spend thousands of dollars to play games, so he kept "Ten Kingdoms Spring and Autumn" in his heart.

In addition, Wei Dongsheng took the initiative to confess his name during the hype last year. Therefore, "Ten Kingdoms Spring and Autumn" players all know that Wei Dongsheng is the producer of "Ten Kingdoms Spring and Autumn". Whenever the game is frustrated and depressed, with a fifty cents speaker, the world scolds Wei Dongsheng on the screen, which has become the characteristic culture of "Ten Kingdoms". The three characters Wei Dongsheng are more famous than Wei Dongsheng imagined.

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