Chapter 489

Microblog, as a popular social product second only to wechat in China, many Internet companies are inseparable. Among them, Tencent microblog produced by Tencent and Sina microblog produced by Sina are the strongest, which can be described as a battle between dragon and tiger.

Even, because Tencent takes advantage of the huge QQ relationship chain resources to direct diversion, QQ users can directly pay attention to their QQ friends when they open Tencent microblog, resulting in at least on the surface, Tencent microblog is better and more beautiful.

Unfortunately, Fang Zhe, who knows the development history of microblog in his previous life, has long seen through the essence of microblog. The more Tencent uses QQ's relationship chain resources to guide Tencent microblog, the more it is on the road to death.

"I've seen what my friends sent in QQ space, so why read it again on Tencent microblog?"

In a word, the sidewalk breaks the essence of Tencent microblog. As the largest competitor of Tencent microblog, Sina microblog, although its development speed is stabilized by Tencent, wins steadily, and has been slowly exploring and accumulating products and operations that belong to Tencent microblog.

To tell the truth, originally in the plan of Fang Zhe and Huizhong this year, they do not intend to invest in microblog, because in the plan set at the beginning of the year, the pan entertainment layout is the strategic focus of Huizhong this year.

Moreover, Fang Zhe, who is familiar with the development history of microblog in previous generations, knows that now is not the best time to take a stake in microblog. Until next year, microblog products slow down due to the depletion of user dividends. At the same time, he has not found a suitable business model. Microblog began to be praised by the market and investors began to look down on the valuation of microblog, it should be the best time to gather people.

Unfortunately, people are not as good as heaven. At present, the three bat companies have the trend of working together to deal with Huizhong. As Tencent's main competitor other than Huizhong, Weibo has become the object of solicitation valued by Fang Zhe.

Huizhong's stake in Weibo was very fast and smooth. It took only 20 days from Huang Siyi's negotiation with sina Weibo to the formal signing of a stake agreement between the two companies and the announcement of the news.

"Huizhong bought 16% of sina Weibo at a price of US $928 million!"

This news, like a boulder, hit the domestic Internet industry that has just become calm.

"What is Huizhong doing? Some time ago, Huizhong invested US $1.1 billion to control valve. After more than 20 days, Huizhong took a stake in Sina Weibo!"

In less than a month, Huizhong spent more than $2 billion. Such a huge sum of money shocked all people and companies in the domestic Internet industry.

"My darling, last month was US $1.1 billion and this month was US $900 million. Did Huizhong dig a gold mine abroad?"

"Only US $928 million accounts for 16% of the shares, so the valuation of sina Weibo is US $5.8 billion."

"No, boss Fang said at the IT summit some time ago that he was optimistic about Tencent Weibo. Why did he vote for Sina now?"

"Do you seem silly upstairs? How can Tencent accept Huizhong investment? Obviously, Huizhong invests in Sina Weibo to compete with Tencent Weibo!"

"Sina has invited strong foreign aid. I really want to see President Ma's face now!"

Netizens have a heated discussion about Huizhong's stake in Sina Weibo, but both insiders in the Internet industry and people with a little understanding of the Internet industry can see that Huizhong is going to fight Tencent!

Everyone knows that after Tencent was robbed of the mobile terminal track by Huizhong with wechat, it has made every effort to treasure Tencent Weibo. Huizhong's stake in Sina Weibo at this time is obviously to kill it all!

"Huizhong has done a great job. It doesn't intend to leave a way for Tencent!"

"To tell you the truth, I'm a little poor Ma Zong now!"

When netizens talked about this, Fang Zhe, the boss of Huizhong, as a party, was sitting in the reception room of sina headquarters, drinking tea with sina CEO Cao.

"Now that the agreement has been signed, Huizhong will give you full support in all aspects, as well as Wang Gaofei of your company. You can let him try. I'm very optimistic that microblog will become a unique and excellent product in his hands!" Fang zhe picked up the tea cup, blew the tea on the edge and said.

"Sure, we'll try our best to cooperate!" President Cao readily nodded and agreed. The reason why Huizhong's investment in Sina Weibo is so fast and smooth is that the demands of the two companies coincide.

At present, Sina Weibo and Tencent Weibo are very popular. Sina, which is not as strong as Tencent, urgently needs a strong foreign aid support, while Huizhong needs an agent to fight Tencent for it and minimize Huizhong's own losses.

After general manager Cao agreed, he said with some hesitation: "but..."

"But what?" Fang zhe looked at him and asked.

"However, Mr. Fang, I would like to take the liberty to ask why you are optimistic about Wang Gaofei. Have you seen him before?" Mr. Cao finally asked the question he had been wondering for a long time.

Wang Gaofei is the head of sina wireless business department. His position in Sina is one level higher than that of Li Yifei who went out from sina to start a business with Fang Zhe. He belongs to the middle and senior executives of sina. However, even so, with his current qualifications, he is not qualified to be the CEO of Weibo.

However, in the agreement on Huizhong's investment in Sina Weibo, Wang Gaofei was asked by name to be the CEO of Weibo and be responsible for all businesses of Weibo, which made president Cao very surprised and incomprehensible.

Although ordinary investors will also recommend some important job candidates to the invested company, it is very rare to write the recommender directly into the stock entry agreement as a necessary condition!

You know, when Huang Siyi, the head of Huizhong investment department who was responsible for negotiating with sina, put forward this condition, President Cao directly rejected it on the spot. It's a joke. Even if Sina Weibo is invested by Huizhong, it's definitely difficult for Huizhong to directly appoint the CEO of Weibo for Sina. In that case, Sina has become a "subordinate company" of Huizhong?

Moreover, Huizhong only accounts for 16% of the shares of Weibo. From the perspective of equity and law, Huizhong also has no right to directly appoint the CEO of Weibo!

However, Cao is always hard, and Huang Siyi is harder than him.

"Sorry, Mr. Cao, it's Mr. Fang's intention to let Wang Gaofei be the CEO of Weibo. It's also a necessary condition for us to invest in Sina Weibo. If you can't agree to this condition, we can only choose another partner!"

Huang Siyi choked president Cao and chose another partner. Although Tencent is unlikely, other countries are also opponents of sina Weibo. President Cao doesn't want to see Huizhong support another opponent as powerful as Tencent Weibo.

Huang Siyi didn't give President Cao more explanation, but said that this was Fang Zhe's meaning. Cao and Sina executives could only accept this condition with their teeth.

Until now, President Cao finally had the opportunity to hear Fang Zhe's personal explanation:

"I don't know him. Li Yifei recommended him!"

Fang zhe threw the pot to Li Yifei.