The rebirth of the wife and children

Page 677

Shang Fuhai and Zhang Yiming clapped their hands together: "It's a deal!"

After having a casual meal in the company restaurant at noon, Shang Fuhai, Zhang Yiming and Wang Qiong walked to the meeting room together.

Shang Fuhai took a special look at it. When they came, the conference room, which can hold about 20 people, was almost full.

As the three of them entered the meeting room, there was some whispered discussion in the meeting room, but it disappeared in an instant, which can be said to be a needle drop.

Shang Fuhai and Wang Qiong sat on the two seats next to each other, and Zhang Yiming still sat on his exclusive chair.

The sound of flipping papers was heard. Zhang Yiming opened the folder on the conference table and turned to the topic of today's conference page. Then he raised his head, with a usual smile on his thin face, and said: "Welcome friends from afar. Now that we are all here, let's start today's meeting."

No one spoke, they were all waiting for him to continue.

Zhang Yiming was not too polite, and continued: "First of all, there is an issue to ask for everyone's opinions. I am going to change the company's name from 'Today's Toutiao' to 'ByteDance'. Are there any objections?"

No one objected directly, but a strange face raised his hand.

The next moment, other eyes turned to the person who raised his hand. Shang Fuhai glanced at him, but he had no impression. He asked Wang Qiong who was sitting beside him: "Sister Wang, who is that? ah."

Wang Qiong turned her head to look, and snorted: "That's from Junlian Capital. His name is Shi Shaoqi. He's quite shady. When you chat with him, you have to be careful."

Shang Fuhai frowned slightly. He had never heard of this capital investment structure, and he asked again: "Sister Wang, please tell me carefully, besides Legend Capital, who else took away the shares of the entrepreneurial team? I have a good idea of ​​how much I have taken away."

"Noah Fund, Tsingshan Venture Capital, Tiger Fund, Goldman Sachs, and Hillhouse Capital all participated." Wang Qiong gritted his teeth every time he said one.

"Damn it!" Shang Fuhai was speechless, the co-authors didn't come from one family or two.

According to what Wang Qiong said just now, there are Lu families all over the place, both new and old, and even world-renowned investment institutions such as Tiger, Goldman Sachs, and Hillhouse Capital also participated in the robbing. piece of meat.

Then what are you talking about, no wonder Lao Zhang and Wang Qiong wanted to talk to him alone in the morning.

Could it be that a lot of shares have been taken away?

Shang Fuhai secretly guessed in his heart, and then heard Wang Qiong say: "The Lu family has taken away 6.54% of the shares in total, and if they continue to raise funds, Yiming's side is basically the same as his existing entrepreneurial team. They won’t follow the investment, and their shareholding ratio will drop further, Brother Shang, no matter what, you should act with discretion when the time comes.”

Listening to her tone, even Wang Qiong knew that this matter was a bit difficult, so she was too embarrassed to say anything else.

Shang Fuhai still had a question in his heart. He moved to Wang Qiong's side and asked in a softer voice, "Sister Wang, why did you find me?"

"We have a good relationship. Besides, brother Shang is full of copper stink, but also has a human touch!" Wang Qiong said it directly without thinking about it.

Shang Fuhai didn't believe it at all, he looked straight at Wang Qiong with calm eyes: "Tell the truth."

"Brother Shang, to be honest, Haifei Capital is your own. In addition, any fund investment company we have here has capital from other sources. At critical moments, it does not necessarily represent anyone's will! "Wang Qiong said in a low voice.

Hearing what she said, Shang Fuhai narrowed his eyes, and there was only a gap left. He asked blankly, "Including you Heina Asia?"

"Almost!" Wang Qiong gave an ambiguous answer.

Leaving aside the matter of Shang Fuhai and Wang Qiong whispering here, Zhang Yiming looked at Shi Shaoqi who raised his hand, and asked him: "What does Mr. Shi want to say?"

Although the shares of the entrepreneurial veteran team were taken away by these shameful capitalists using the dirtiest means of capital, they also spent real money to get them away. From another perspective, they spent a lot of money to buy them at this time The shares held by the original entrepreneurial team are also optimistic about the future development of Toutiao.

Based on this, Zhang Yiming really couldn't say anything else.

Shi Shaoqi is an investor through and through. He doesn't care who's opinion, and he doesn't care what method he used to get the shares. He said directly: "I don't understand. It has been used for 6 years, and the name of this product is already deeply rooted in the hearts of the people, why did Zhang Dong think of changing the name at this critical moment, don’t you think it’s superfluous?”

Just after finishing speaking, he followed up: "Have you ever thought that changing the name at this time may affect the user's stickiness to this product?"

After finishing the words, after looking around, he said: "The above is just my personal opinion, just talk about it casually."

He had just finished speaking, and then someone raised his hand as a gesture. This was still an unfamiliar face.

Before Shang Fuhai could ask, Wang Qiong said to him, "This person is here on behalf of Goldman Sachs, and his name is Qian Xiaoyang."

"Oh"

Shang Fuhai let out an oh, but said nothing else.

Qian Xiaoyang went on to say: "Boss Shi and I have basically the same idea. From a personal point of view, the name of a product is closely related to the viscosity of customers. If the name is changed at this critical point, it will really affect customers. Trust in our products."

Zhang Yiming was not angry at all. After listening to Shi Shaoqi and Qian Xiaoyang finished talking, he turned his head around with a smile and asked, "Then besides Mr. Shi and Mr. Qian, is there anyone else who has any different opinions?"

This time it was gone, Zhang Yiming pursed his lips and did not speak, his eyes fell on Shang Fuhai.

Shang Fuhai also saw it, and wanted to pretend that he hadn't seen it, but after thinking about it, let's express his support.

It seems that Xianyu can't do it. If I knew this, I might as well stay at CITIC Construction Investment for another day.

The next moment, he said: "Boss Shi and President Qian, I'm Shang Fuhai!"

He also knew how to introduce himself, and without waiting for the two to respond, he went on to say: "You two are right, the stickiness of the product is definitely related to the name of the product, but I listen to our Zhang Dong What you said just now seems to have never mentioned changing the name of this product of Toutiao from the beginning to the end, right?"

When he said this, the others were stunned. Thinking about it carefully, it seems that Zhang Yiming really didn't mention this.

Some people who were watching suddenly realized that what Zhang Yiming said just now was a bit weird, and they didn't understand their feelings.

If this is the case, if you follow the ideas of Dong Shang and Dong Zhang, then changing the name of the company does not seem to have such a big impact.

Chapter 1294 There Has Never Been a Way to Darkness

Zhang Yiming said at the right time: "Yes, what Shang Dong said is completely correct. The name of this product of Toutiao will never change, but our company is not only the product of Toutiao. Besides, we also have Xigua Video, Volcano video, as well as Paike short video overseas version, as well as tomato novels, and Wukong Q&A, etc.”

"In the future, we will have more products. Among so many products, 'Jiji Toutiao' can no longer represent all of them. It is obviously inappropriate for the company's name to only highlight one product." Zhang Yiming said loudly .

"After I prepare for today's conference, the company's name will be changed from 'Today's Toutiao' to 'Bytedance'. Who agrees and who opposes?"

Either agree or disagree.

The question of choosing one of the two is often the most difficult and the easiest, but after Shang Fuhai and Zhang Yiming's explanation just now, the remaining people who have not expressed their opinions think about it in their hearts, it is really the case, it seems Changing the name is not so difficult to accept.

Bytedance, the name is quite catchy, and it has a sense of technology, not bad!

This matter is so settled.

Without making the others wait too long, they entered the second topic.

This is the main topic of this meeting.

Zhang Yiming said: "First, the company plans to further increase in-depth development. On the basis of enriching the content of its products, we do not rule out the acquisition of some platforms or content sites that are beneficial to the company's products in the form of cash or share exchanges. "

"Second, the company is currently considering the issue of traffic monetization. We expect to consider the paid reading function within this year, or in other words, paid reading."

"Thirdly, the company has considered doing financial business, such as banking, insurance, securities, etc. The initial consideration is to start with insurance, and it will not rule out investing in banks in the later stage..."

"Fourth, ByteDance is considering going public as a whole in the next step, and the company plans to conduct Pre-IPO financing within this year!"

Zhang Yiming said 4 points in one breath, but even these 4 points shocked the hearts of the capitalists present. For some reason, [-]% of the capital parties present had an almost identical idea in their hearts.

"It's going to cost money again, shouldn't it be out of money again?"

This is what most people think.

Wang Qiong spoke tacitly: "Mr. Zhang, can you tell me how the company thinks about it. If these are realized, what benefits will it bring to us, and what do we need to do?"

Shi Shaoqi, who just joined Legend Capital, was thinking about some things, and he did not reject Zhang Yiming's plans to be put into action.

For him or the Legend Capital behind him, as long as they can make money, even if Zhang Yiming proposes to build a spaceship or build a base station on the moon, he will not reject it, and even support it with both hands.

But the problem is that these projects can be transferred back after spending money.

But from his point of view, he does not think that some projects will generate gains, or even bring large expenditures.

Thinking of this, Shi Shaoqi didn't come up and choke, but quietly observed other people's movements to see if there were any potential 'allies', after all he couldn't do it alone.

Moreover, he doesn't believe that other people can't see this, and he doesn't believe that everyone here is a loyal member of Zhang Yiming or ByteDance.

The money was taken out of their pockets every penny. If you don't make it clear, who is so generous?

It's a pity that he looked around, but there was really no one to talk to, Shi Shaoqi was very depressed.

He decided to stand still for the time being and observe and observe.

On the other side, after Wang Qiong asked three questions in a row, Zhang Yiming finally gave a positive answer.

His consistent Zhang Yiming-style smile seems to have not changed, just like Ma Yun’s consistent smile on Ma Yun’s face, he said: “Simply speaking, the company considers how to make money and make the company more valuable. , so that all the investors here can get returns, and the benefits that can be brought to everyone are nothing more than allowing you to earn back three times, four times, or even ten or eight times your investment."

This is really simple enough.

Even Shang Fuhai couldn't help rolling his eyes, what are you doing?

Anyway, come up with a serious strategy, you are so poor and useless, do you really think that your personality is so strong that everyone here will throw a lot of money at you?

I want to eat fart!

Shang Fuhai sat there quietly, turning his head casually from time to time, his eyes swept around the office again and again, not knowing what he was looking at.

Wang Qiong is still cooperating, she must be 'dissatisfied' with Zhang Yiming's plain boiled water answer, and then asked: "Mr. Zhang, you just said that you will acquire some platforms or content sites that are beneficial to the company. So, do you have a suitable target now, if not, where will you consider the next step?"

After a pause, she continued, "If you have one, tell me which platform it is and how much it will cost?"

After Wang Qiong asked this question, other people also turned their attention to Zhang Yiming, even Shang Fuhai looked over, and he wanted to hear whether Zhang Yiming had a target, and who was the target?

Being watched by more than [-] pairs of eyes, Zhang Yiming didn't feel strange at all, and he didn't mean to keep it secret. He said generously: "According to the next step of Toutiao's product requirements, after research by the team, there are currently two goals. They are BuzzFeed and Faceu respectively, and Faceu is mainly a camera that integrates functions such as stickers, filters, beautification, beauty, Gif expression package production, post-editing and video shooting. I think I have said so much. You should understand what this product means to us."

Shang Fuhai understood as soon as he heard it, he saw that no one spoke, this time he consciously praised Lao Zhang once, and said: "I understand, what you mean is to further increase customer loyalty through the 'activity' of this product. Sex, especially customer stickiness for young men and women, right?"

"Well, Shang Dong deserves to be the one who can research the cross-generational short video products like paike short video." Zhang Yiming's shameless timely business boasted to each other.

Shang Fuhai nodded in satisfaction.

The others couldn't stand it anymore, Wang Qiong also frowned, but Qian Xiaoyang from Goldman Sachs asked calmly: "Then I would like to ask Mr. Zhang, has he contacted him now? Are we considering buying shares or buying? About what price?"

As soon as Qian Xiaoyang finished speaking, Ma Zheng from Hillhouse Capital said, "I think this product, if really needed, we can only buy it, and all the patents of Faceu are also owned by the company."

Zhang Ye from Qingshan Venture Capital suddenly interrupted and said, "Mr. Zhang, may I ask if the Faceu you mentioned just now is the product made by Shencheng Guolie?"

Zhang Yiming didn't expect that there were people on the scene who knew the developer behind this product. He didn't deny it, and just nodded and admitted: "Yes."

Hearing Zhang Yiming's admission, Zhang Ye suddenly fell silent, and said after a while: "I heard that Faceu just completed a $10 million Series C round of financing in October, and Director Zhang confirmed that they will make a move at this time. Faceu this product?"

Others didn't know much about the Faceu product, but after hearing what Zhang Ye said, they obviously knew a lot about it. Some people started asking him about it. After Zhang Ye finished speaking, many people basically understood.

According to what Zhang Ye told them, in fact, there are many similar products in the market for this product, and the entry barrier is relatively much lower, so its competitive advantage is not very great.

Based on this, some investors have doubts in their hearts.

Of course, there are those who object, and those who agree, such as Cao Yi of Source Code Capital, Wang Qiong and Shang Fuhai, they can see the stickiness of this product after it is placed in Toutiao and other related products, especially It is aimed at the female user group.

To make a digression, when a product has a very high stickiness of female users, it also means that it will have a higher stickiness of male user groups. This is a truth that has never changed through the ages.

Seeing that this afternoon's topic got stuck here and couldn't go any further, Cao Yi stood up and interjected, saying, "Since there are objections to this, I think it's a good thing. We can discuss it later, Mr. Zhang, let's discuss it again." What do you think about continuing to discuss other topics?"

There is no problem with this.

Even Qian Xiaoyang, Zhang Ye and others who were in the middle of the debate temporarily put aside their objections to this issue.

On the contrary, there is not much difference on the content site BuzzFeed. First of all, BuzzFeed itself is a well-known news aggregation platform. Enterprises, which cover content all over the world, if they can introduce BuzzFeed content, it will indeed have a positive effect on the content of Toutiao.

More importantly, simply introducing content authorization does not cost much, and even in the case of content interaction, it will not cost money.

But when discussing the third point, everyone had another disagreement, and this time the disagreement was quite large.

People like Cao Yi from Source Code Capital, who have always been more supportive of Zhang Yiming, are beginning to hesitate. He thinks that Toutiao is doing insurance or other financial business, which is a bit "not doing business properly".

Putting on a good platform, but still not thinking of ways to go deep into various subdivisions, but wanting to intervene in industries that are irrelevant, isn't this deliberately looking for abuse?

For example, those who sell breakfast have to sell livestock feed on the shelves. Although they are all eaten, is this the same thing?

However, this thing varies from person to person. For example, Qian Xiaoyang of Goldman Sachs who opposed the company's acquisition of Faceu just now is very much in favor of Zhang Yiming's proposal.

Chapter 1295 Money Corrosion

He thinks that Internet giants like ByteDance should get involved in some financial businesses after they have developed to a certain stage. He now feels that Zhang Yiming did not rush into the banking and securities industries in a flash of brains, and he is already Very sober.

Like Ali, Tencent, Meituan, Baidu, etc., which ones are not involved in the financial business now, those guys have begun to learn how to lend, and ByteDance is just an insurance idea, which is relatively kind.

Shang Fuhai seems to be a soy sauce at the moment. Regarding this issue, he can’t say whether he agrees or disagrees. He knows that Toutiao has accumulated a huge user base of hundreds of millions. If it can be guided, this huge base will be lower. How many people can be converted into potential insurance customer groups?

What a great idea!

Everyone was immersed in several topics, and when they were seriously discussing, the time passed very quickly, and before they knew it, it was already dark outside.

Zhang Yiming's secretary Mia came in and told him it was past seven o'clock, and asked him about the evening meal.

"Mia, it's already past 7 o'clock?" Zhang Yiming still didn't believe it, but when he looked at the watch time, it was true.

I was too involved just now, and I ignored the time.

Thinking of this, he raised his hands and pressed them down, indicating that the discussion in the conference room should be suspended for a while, and after the silence subsided, he said: "Everyone, it's getting late now, let's go eat something first, and continue tomorrow." Discussion, what do you think?"