Extraordinary Genius

Chapter 1003 – That’s him?

The evaluation team conducted a site visit at Wang Zhixi’s company for three days and told him that the Company’s boss would speak to him. Wang Zhixi is overjoyed.

This means Tai Hua Consulting is interested in investing in his company. His web portal dream is going to come true!

Feng Yu was surprised when he met Wang Zhixi. The young Wang Zhixi is quite handsome, and he is in his early thirties. This meeting is different from the meetings Feng Yu is used to. Compared to those old people where Feng Yu always meet, Wang Zhixi looks more energetic and does not have the iconic IT guys’ dark eye rings.

“Manager Wang, nice to meet you. I am Feng Yu, the boss of Tai Hua Consulting.” Feng Yu extends his hand for a handshake.

Wang Zhixi shook Feng Yu’s hand and was very surprised. The boss of this company is too young. Does this company have 1 billion USD?

But why is the name Feng Yu so familiar? Wang Zhixi seems to have heard this name before.

“Manager Feng, are you all interested in investing with our company?” Wang Zhixi asked eagerly.

“I am interested in the proposal you showed us, but I think no one will accept your conditions. You said after the company is listed, the share prices will skyrocket. However, all these had not happened yet. Also, what makes you think that your company will get listed?”

“After we acquire that Chinese portal or merge with them, we will become the world’s biggest Chinese online portal. This has high commercial value, and the company’s finances had been doing well. We can surely get listed on Nasdaq.” Wang Zhixi replied confidently.

“It is not so easy to get listed on Nasdaq, and I am more experienced than you. Not every company’s share prices will skyrocket after they got listed. I have seen many shares tumbling on their first day, and some could not even sell their shares.” Feng Yu poured a bucket of cold water on Wang Zhixi.

In China, many companies and people were obsessed with getting listed and felt once a company got listed, they will make money, or raise a large sum of money for the company.

But many people do not know some companies had failed to raise funds, and even if they had raised a sum of money, the company might not do well.

“But we are doing network technologies. Network technologies are extremely popular in the US, and the company share prices will shoot up after it got listed!” Wang Zhixi argued.

“Do you know what is the percentage of PC users now? Do you know how many internet users there in the world are now? Also, how many of the internet users will visit your site regularly? What is your portal’s source of revenue? Through advertisements? How many companies are willing to advertise on your site?”

Feng Yu had asked sharp questions, and Wang Zhixi had no way to avoid them. Although Feng Yu knew this web portal would become successful, how long must it take before it becomes profitable?

In Feng Yu’s previous life, Sina’s profit model is through advertisements and Wireless services. The most popular Sina’s services are their Blogs and Weibo, a microblogging site. These two services increased their users and traffic and are doing better than their news website.

To Feng Yu, a successful web portal’s revenue source should come from advertisements, online games, streaming, wireless services, etc. Also, there must be instant messaging. Instant messaging will attract more users than Weibo. In Feng Yu’s previous life, the most successful tech company is Tencent.

Just the membership fees alone will put them way ahead of other tech companies. That’s why Tencent, as a latecomer, managed to catch up and overtake all other tech companies before them.

“But we are the earliest and biggest now. There might be losses in the initial phase, but once we got over it, the profits will be endless.”

“What if a competitor appears now? How are you going to guarantee your website’s visitor numbers? When the number of visitors drops, your advertisement revenue will also drop. Also, online advertising is still a new concept. How confident are you to get companies to advertise with you?”

Feng Yu smiled when he saw Wang Zhixi gone quiet. He had given him enough wet blankets and should give him some encouraging words. One thing that Feng Yu agreed with Wang Zhixi is Sina will become the biggest Chinese web portal if his plans succeed. This title will bring visitors and profits for Sina.

Regardless of nationality, people are always curious about the biggest, just like how people are curious about Bill Gates’s road to success. Having the title of the biggest Chinese web portal will increase the number of visitors.

Also, after acquiring that Silicon Valley’s Chinese portal, there will be a news website. Just this alone will increase the page views of this website, and it is an advantage over other companies. Of course, Feng Yu will not say these now.

“Despite all these, I am still interested in your idea of a web portal. Tell me the real figure that you need, and if possible, I will still invest in your company.”

“20 million USD for 40% shares. I guarantee that the returns will be several folds.” Wang Zhixi told Feng Yu the actual amount he is asking for, and this amount cannot be lowered. Seems like this investment company is not easily tricked.

Feng Yu felt that 20 million USD for 40% shares of the company is still a good deal. Especially, Wang Zhixi will be under him. But Feng Yu is not satisfied.

“Manager Wang, have you ever considered ditching Ba Da Cooperation?” Feng Yu asked suddenly.

“Ditch Ba Da Cooperation? What do you mean?”

“It’s just like want you heard. You can speak to Ba Da Cooperation and persuade them to sell their Ba Da Li Fang shares to me. After that, I will continue to inject funds into this company.”

Wang Zhixi frowned. “Manager Feng, I remembered I made it clear that I will not allow others to have the controlling shares of this company!”

Feng Yu smiles as he looked at Wang Zhixi. “Manager Wang, don’t reject me so quickly. Although I will be holding the majority of the shares in this company, I will fully support your ideals. There is another option. I will acquire that US Chinese web portal and merge with your company, and you can still be the company’s CEO or Chairman of the board of directors!”

I can be the Chairman?! Wang Zhixi was stunned. Is this Manager Feng joking? After becoming the major shareholder, he is willing to give up the position of the Chairman?

“What’s wrong? You don’t believe me?! I had never taken back my words. You should know Qiu Bojun, right? You can ask him about me.”

Of course, Wang Zhixi knows who Qiu Bojun is. He is the top software developer in China now. But Wang Zhixi felt his skills are on par with Qiu Bojun, and now, he is focusing on creating a web portal. They are dealing in different fields.

Wait… how did Manager Feng know Qiu Bojun?

Wang Zhixi suddenly remembered one person. Many people in China business circles knows about him, but very few of them had met him in person. This person is very young, and his name is also Feng Yu.

This Manager Feng in front of me… is that person?!

Translator’s notes:

Sina Weibo