Chapter 968

The snow had stopped when the plane landed.

The climate in Beijing is dry, and the snow particles on the fields beside the road are blown by the wind, sometimes covering the vision ahead. The car drives slowly and smoothly on the roads outside Beijing.

In the summer of 1996, Ma Xiangdong, dressed in jeans and T-shirts, was not very different from the graduating Tsinghua students: he had great ambitions and many ideas. He was distressed that he had to make a choice between employment or going abroad. He didn't have a girlfriend. When his career failed, he didn't want to find a girlfriend, In the summer two years ago, Ma Xiangdong would not think that his ideal would be realized in more than two years, even if he had great ambitions.

In the first node of life planning, I have to be the CEO of a famous company a few years in advance. In any case, I am proud of my life.

"Well, I admit that these are the goals I set for the age of 30. What's wrong with achieving them in advance?" Ma Xiangdong said in a beaming voice in the carriage of the luxury car. "I still feel very strange. You know, in fact, Jinhu can insist that its equity in Kunteng will not be diluted..."

"As you know, the purpose of establishing Oak Park venture capital fund was to promote and support the incubation and growth of new technology enterprises," Zhang Ke explained. "Even when it comes to investment, it's too much, let alone with a little speculative mind..." so, Zhang Ke felt a little funny. He smiled at Ma Xiangdong Zhao Zilin seems to have some unfathomable feeling.

"The halo of high technology and network economy envelops the whole North America and Europe, and the whole market has good expectations for the prospect of new technology... However, at this time, new technology needs to maintain long-term prosperity and a deeper foundation." Zhao Zilin made an objective evaluation, and she does not agree with the continuous investment of too much capital in the Internet industry.

Zhao Zilin and her team took charge of the Oak Park venture capital fund with a total amount of 500 million yuan for Jinhu, focusing on supporting the growth of small and medium-sized high-tech enterprises. In the past two years, the Internet is definitely the most important branch of the new technology concept. Domestic venture capital is still very weak. Oak Park entrepreneurship must be considered as a strong company. Foreign venture capital continues to flock to the domestic Internet industry. Oak Park venture capital is more inclined to support science and technology enterprises with basic technology.

However, Oak Park venture capital's holding of Kunteng online may be the biggest cake in the domestic Internet industry. In addition to the initial capital of 25 million invested by Oak Park venture capital, Kunteng online raised two times to nearly 10 venture capital funds under the famous venture capital Huadeng department at an average price of $1.6 per share last winter and this summer, sold nearly 12 million preferred shares and obtained nearly 20 million US dollars. The price of holding Kunteng online shares by Jinhu is even less than 2 yuan per share. Even if it is not listed, it can sell all the shares held by Jinhu and obtain huge profits of six or seven times, but Zhang Ke will not have this ambition.

Although the profit mode and expectation of portals are not very ideal, the concept of portals has been sought after by most investment organizations before the first new technology bubble burst. At least before 1999, we will unswervingly develop the portal network and make large investment in funds. At this time, Kunteng online has formed the scale of four stations in mainland China, Hong Kong, Taiwan and North America. It is worthy of being the first Chinese portal in the world.

"In order to make Kunteng the first Internet Chinese enterprise listed overseas, we have formulated a timetable for listing before next summer. The discussion at tomorrow's meeting will focus on this timetable..." Ma Xiangdong said excitedly to Zhang Ke, "Ke Shao should meet Zeng Zihui of Goldman Sachs. I think you two will have more common language. Zeng Zihui himself is very eager to meet you..."

So far, no Chinese Internet company has been listed overseas, which is crowned with the halo of "the first Chinese Internet company listed overseas". For investment or speculation institutions, the symbolic significance is extremely important. Attracting the attention of the public and investors in a larger scope means a higher stock price.

Kunteng online initially selected to cooperate with Goldman Sachs for overseas listing. Zeng Zihui is the vice president of Goldman Sachs Asia. He has just turned 30 this year, and can definitely be regarded as a successful young man.

Of course, to cooperate with Goldman Sachs, in addition to choosing Goldman Sachs as the lead underwriter for overseas listing, Kunteng online also has to make a third and larger-scale financing to Goldman Sachs's venture capital fund. At this time, negotiating the financing price with Goldman Sachs seems to be more important than formulating a time table.

Listening to Ma Xiangdong convey Zeng Zihui's intention to meet himself, Zhang Ke agreed without hesitation: "OK, you can arrange for me to meet him before I leave Beijing."

Although it is more important to go public in the summer of 1999, Zhang Ke doesn't want to give others the impression that he doesn't pay attention to the price. In fact, the stocks after listing rely on the overall enthusiasm of the Internet concept, and hundreds, thousands or even tens of thousands of times of market profits are not divine words. At this time, even giving away millions of shares of Goldman Sachs will not have much impact on the earnings of Jinhu However, most of the things given to others in vain will not be cherished by others. At least the negotiation will be difficult. Or if we can feel like old friends at first sight and sympathize with each other, we can also speed up the negotiation process.

Zhang Ke is not surprised to see that Ma Xiangdong is very interested.

In the Internet industry, most of them are young people like Ma Xiangdong. It is not difficult to imagine the high enthusiasm for the Internet industry in their circle. Not to mention Beijing, in Jianye, more and more people believe that owning the Internet is almost equal to owning everything.

Since the spring of 1994, the domestic government has carried out large-scale infrastructure for the Internet. The local information port has gone deep into almost every county-level city. The perfect infrastructure provides a platform for Internet content service providers. According to the latest statistics, as of mid December, the number of domestic Internet users had risen to 2.2 million. Besides e-mail, BBS and news have become the new core of the Internet, attracting the attention of more and more capital. For example, the story of how Ma Xiangdong obtained the first venture capital and founded Kunteng online has also become the main talk for people after dinner. At this time, the media and the public would rather believe that if you have a perfect business plan, you can get thousands of dollars from investors. In order to win the favor of capital, website creators spend all day planning how to attract more attention and occupy the important position of major media every day. At this time, new websites are born every day in Beijing, and Internet companies always have endless press conferences. Beijing also takes a lead in the development of domestic high-tech industries with the help of the Internet industry. The oak garden venture fund has rarely touched on the investment of Internet companies outside the Internet. It seems to many people that it is difficult to achieve ideal things. Zhang Ke sighs in his heart that Kumho can not support two "first Chinese Portals" at the same time even if there is any greater capability. How many ambitions will be crushed to pieces, and I don't know how many people will struggle to survive in the cold current and grow into real Internet heroes.

At this time, Zhang Ke is more worried about the cautious support of the Ministry of information industry for the overseas listing of Internet enterprises than the cooperation with Goldman Sachs.

The car drove into the family community of the former Ministry of Posts and telecommunications. From a distance, I saw my little cousin Liang Wenjiang and Wang Cailing standing in the empty yard in front of the building waiting for him. Next to them was a skinny young man of about 30 years old looking at the car. Zhang Ke asked the car to take him downstairs. When he got off the car, Liang Wenjiang first introduced Wang Cailing's brother Wang Zhi. Zhang Ke shook hands with Wang Zhi and asked Liang Wenjiang, "is my uncle upstairs?"

At this time, it was still early to go to the hotel. Although it was an engagement banquet, it was only a family banquet. Zhang Ke caught up with the itinerary and came for a meal. Except for his little uncle and aunt, his big cousin Liang Wenshan and his wife did not come to Beijing. Wang Cailing's family paid more attention to it. His brother Wang Zhi and his wife led their daughter back from Wenzhou in eastern Zhejiang.

Upstairs, my brother-in-law Liang Guosheng played chess with Wang Xuchen, Wang Cailing's father, sitting in the Japanese style study. He said hello to Wang Cailing's mother and sent the gift. Zhang Ke stood watching the chess. Wang Zhi said next to him, "listen to my father and Wenjiang saying that your chess is very good. It's still early to eat. Can you ask me for a game?"

Zhang Ke didn't expect that the Wang family had also prepared two sets of chess. I don't know whether it was intentional or not. It was boring around. He said, "it's just right to spend time." Wang Cailing ran to get chess. Zhang Ke and Liang Wenjiang sat down in the living room and chatted while playing chess.

Wang Zhi is an ordinary civil servant of Wenzhou municipal government in eastern Zhejiang. He went to the University in eastern Zhejiang and knew his current wife. After graduation, he stayed in Wenzhou in eastern Zhejiang and hasn't moved his nest until now. Wang Zhi heard many legendary stories about Jinhu from his father and sister. When he really saw Zhang Ke, he saw that his performance was not much different from that of a slightly silent college student, and he could not see how dazzling aura. To say IQ, no one sitting in the living room will admit that IQ will be worse than others. Maybe Liang Wenjiang's pure IQ is higher. However, like his father, they are all technical talents. Although his father is a division level cadre in the Ministry of information industry, he actually has no real power. Liang Wenjiang's position in Kunteng online is not low, but he rarely cares about management. Wang Zhi was also worried that returning to Beijing would force his family to engage in technical work, so he decided to stay in Wenzhou. However, his father could not do well in Beijing, and his father-in-law had no background in Wenzhou, so his work was not particularly satisfactory.

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