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Chapter 1432: Chapter 1278: A New Round of Wealth Creation Opportunities
Very soon.
The meeting would conclude.
---Unable to compete.
What should be done?
Explore the possibilities of collaboration, in their view, Xiao Xiao’s biggest enemy, or rather, those who regarded Xiao Xiao as the biggest enemy, were Penguin. Collaborating with Penguin might not be favored by them.
But collaborating with Xiao Xiao,
could be an opportunity, a chance to break through barriers. The position of School Network is too awkward, they have always wanted to merge into the RenRen Project, so that it does not seem so limited to student users.
Step out of this self-drawn prison.
With Tang Qing’s capital and influence.
Perhaps.
It would allow them to rejuvenate.
Otherwise.
They would be out of options.
Like an ant trying to shake a tree.
That scene is too beautiful, too beautiful to imagine, whether it is in terms of capital, magnitude, or even technology, not to mention School Network, even Penguin together with Ali might not be able to compete with Tang Qing now.
...
Penguin.
Headquarters.
Senior executives gathered.
The movements of Xiao Xiao.
Had them on edge.
This signifies that, starting today, Xiao Xiao is stepping fully into the social circle from semi-social enterprise management software, beginning to compete directly with Penguin’s core business.
Previously.
They were convinced.
By controlling Penguin.
They controlled the future’s greatest slice of the Internet pie.
But now, this idea was wavering, not only due to Xiao Xiao’s threat but due to the arrival of the mobile internet era, where compared to before, the speed at which people access applications has multiplied tremendously.
Previously.
Social software on mobile phones, having just one kind would be good.
Now.
Smartphones can hold about ten to eight easily, no difficulty at all. With an app mall available on mobile phones, people also have lower costs of access, no need for a computer, they can connect with the world on the go.
Penguin’s sense of crisis.
Originated from this.
They feared.
One day.
A low-barrier APP.
Would rise faster than their response speed in the mobile internet era, reversing the entire industry’s situation, this worry, from the moment ’Epoch’ was launched, has hovered in their minds.
"Mr. Ma, competition with Xiao Xiao is inevitable, but in the short term, our conflict won’t be fierce, as Xiao Xiao aims at professional office users while we, Penguin, focus on social entertainment," said a Vice President.
Old Ma asked, "Do you mean we should just ignore it?"
"Of course we should care, but with the different focuses, our competition will ultimately not be too fierce. What we really need to worry about is the rise of such new internet companies."
"I’ve looked closely, this update from Xiao Xiao is global; all twenty-three language versions updated simultaneously, therefore, I think, their target isn’t us."
"It’s rather Tianyan Group’s global service strategy. By seizing this opportunity, they aim to establish an absolute leading position in the industry, so, it’s highly likely they didn’t even take us into account."
This analysis.
Made many nod in agreement.
Indeed.
If it were targeted at them, they would have fully socialized rather than as now, where the main added functionalities are for professional users, with nearly no entertainment content.
However.
This conclusion.
Is somewhat speechless.
Tensed up for a long while, yet you weren’t even in their eyes; if it’s really just for Tianyan’s own global strategy, they fundamentally agree.
China’s internet companies largely learn from abroad, whether it’s Penguin, Ali, or Baidu, merely following behind others, the frustration is real.
If Xiao Xiao could make it internationally.
It would also be a victory for the China internet industry.
"Keep a close watch on Xiao Xiao’s movements for now, in a few days, if I see Tang Qing, I’ll ask him. There are many interesting original APPs in Epoch Mall, keep up with them."
"The next internet trend, we cannot fall behind," Old Ma made the final statement.
The sense of crisis.
In his heart as the Chairman.
Was even greater.
Just one more month.
The annual China Entrepreneur Leaders Annual Meeting was about to begin; Tang Qing would definitely attend. Last year he couldn’t make it, missing the chance to meet Tang Qing, but this year, he must see him.
Last year.
Tang Qing was just the richest man inland.
His property couldn’t compare to Li Jiacheng.
But just in one year.
He vastly surpassed Li Jiacheng by several streets, this wealth growth rate, he envied, and what he envied more, was that Tang Qing had controlling rights over these industries without the obligation to answer to investors.
Unlike them.
Round after round of conditioned financing.
Every year’s growth had targets, including going public; these were not entirely within their control, and Tang Qing, however he wished to proceed, needed to answer to no one.
Freedom.
Lost.
Only then more precious.
Sigh.
He just didn’t have Tang Qing’s luck and vision. Besides, he also has a financially powerful uncle who is never short on money, Tang Qing, in their eyes, is the true winner in life.
...
November 2nd.
United States.
Forbes China list unveiled.
People.
Once again witnessed Tang Qing’s personal wealth, last month’s Hurun list overlapped with the release of the ERV phone, so it wasn’t much reported, this time, there is no brilliance that could overshadow the rising star Tang Qing.
Fifty-seven billion US dollars.
Forbes’ given net worth of Tang Qing.
Just like the last time.
Higher than Hurun’s estimation, this is due to the valuation method difference; Hurun mainly focuses on companies within China hence tends to be conservative, while here it’s bolder.
Were it not for the ERV phone launch.
Other global smartphone manufacturers also introduced new products.
Otherwise.
This valuation.
Would have been even higher.
"Tang Qing, a man born in inland China with no experience studying abroad, how did he create a wealth myth of fifty-seven billion U.S. dollars in three years?"
"Sir, do you think this is reasonable?"
America Online.
The host is asking a guest invited next to him.
"If it were any other Chinese tycoon, I might not be able to judge accurately, but for Tang Qing, I believe, no one doubts his wealth, fundamentally, because its source is legitimate."
"His core industries are all high-tech companies, each one a leader in its field with immense brand and technological power, one might say, almost without blemish."
"I really like ’Epoch,’ truly, I am someone who likes to try new things, I initially thought such innovation could only appear in America, but unexpectedly, it emerged in the East."
"Also, Tang Qing’s success indirectly proves one thing, resource production is no longer the only way to create wealth, resource integration will become the next wave of wealth creation opportunities."
"China can hardly produce any core component of ’Epoch,’ yet, with its ’integrated innovation’, using the world’s power, it has achieved its own success."
