Chapter 449: Really Ruthless

The New Year of the Internet industry was disrupted. Some returned home, some worked overtime, some were angry, and some were terrified.

Many employees of BlogChina were both shocked and terrified.

The company had mentioned before that it would "surpass Sina" as a goal. President Fang Xingdong formally and solemnly announced it at the annual meeting in January, and there was only a low expectation as to whether Sina would lower its profile to compete.

Don't look at the shouting, there are nearly 400 employees, who really believes it?

But Sina seems to believe it!

Even believe it without a doubt!

They didn't even celebrate the New Year, but worked overtime to fight back!

This, this... This is really something Fang Xingdong didn't expect.

He had met Mr. Fang at the Internet Industry Development Conference in Shanghai. He looked kind, so why was he so cruel?

Fang Xingdong was hit hard and was a little confused. On the surface, he naturally maintained strong confidence in the company, but he was indignant and a little aggrieved when chatting with friends in private.

"How can Sina do this... I don't understand!"

"Why can't Sina do this?" Fang Xingdong's friend Xu Chaoyi, who is also in the Internet industry, asked back, "Why did Fang Zhuo take over Sina? Is it because he looks good?"

"People like Duan Yongji were defeated by him, why do you bother him? You have to say that you want to surpass Sina. Isn't it good to surpass NetEase? NetEase's market value is higher than Sina now."

Fang Xingdong was a little confused when asked. Yes, why not surpass NetEase?

Maybe, maybe because Sina is the first portal website to go public in the United States, the first industry leader to obtain news publishing qualifications, or maybe because he subconsciously thinks that NetEase's market value has surpassed that of games.

He replied unconvincedly: "Who would really take this slogan seriously? The wireless TOM.com also said it surpassed Sina!"

Xu Chaoyi said leisurely: "Speaking of TOM.com, how do you know Fang Zhuo didn't respond? I heard that Fang Zhuo said in Shanghai that he couldn't control the Li family's business in other places in the mainland, and he had to nod in Shanghai."

Fang Xingdong was shocked: "He, he is so arrogant?"

Xu Chaoyi looked at his friend strangely and said: "He is the richest man in the mainland. Although he can't compare with Li Jiacheng, he can still compete with him, right? What's more, in Shanghai alone, Li's Hutchison Whampoa had already lost last year."

Fang Xingdong murmured: "Fortunately, we have already finalized an investment intention before the New Year, which is enough for us to make a larger scale."

Xu Chaoyi nodded: "Anyway, Fang Zhuo, the richest man, is not so easy to deal with, and he is also very shady. You should be careful."

A round of drinking ended.

When Fang Xingdong got home, he had just put down his phone when an investor called him urgently.

Fang Xingdong guessed that Zhou Zisen, vice president of Dachen Ventures, wanted to hear his plan to compete with Sina. He took a deep breath for three seconds before dialing the phone.

However, before he could exchange pleasantries, the other party gave him a piece of news that shocked him completely.

Dachen Ventures was going to withdraw from this round of Blog China's financing!

Fang Xingdong couldn't accept it. They had a good discussion before the New Year and had already signed a draft agreement. Even if Sina wanted to do blogs now, it couldn't just run away like that, right?

He repeatedly communicated with Zhou Zisen on the phone, and even expressed his intention to buy a plane ticket to meet this investor immediately.

After such a telephone exchange, Zhou Zisen, vice president of Dachen, gave a reason other than the reduction of project expectations.

"Mr. Fang, it's like this." Zhou Zisen said thoughtfully, "Shencheng called me. Well, I know President Fang Zhuo of Yike. Not only that, I also invested in his project, Guahao.com. It has a low presence now, but it was once very popular."

"Guahao.com changed its name to Medical Group, but it has never had a good way to make a profit. Shencheng is now rich, and now gives the original investors a chance to withdraw money."

"We at Dachen invested 12 million in Guahao.com at the time, and now we can get 25 million back."

"But Shencheng called me and heard that Dachen and Blog China's investment has not yet been reached. This, this back and forth..."

"In short, this is a factor we consider. Of course, the most important thing is that Sina is also doing blogs now. The competition you face is expected to be too great. If Blog China can survive this period, we are still willing to invest."

Zhou Zisen finished speaking.

Fang Xingdong was stunned.

He was stunned for a long time, and said anxiously to the phone: "Mr. Zhou, Mr. Zhou, isn't Fang Zhuo threatening you?! You just give in like this?!"

"Mr. Fang, don't think so. The main factor is Sina's competition." Zhou Zisen said seriously, "Our company adheres to principles. How can we make a decision easily because of one person?"

He continued: "Moreover, Mr. Fang, I will give you a piece of advice. You really have to deal with Sina's competition. The one in Shencheng has always been good at doing projects. If it doesn't work, you can expand the scale and let Sina acquire you."

Fang Xingdong gritted his teeth and said angrily: "I will never surrender. I will fight to the end! If I, Fang Xingdong, am afraid of him, I will take his last name!"

The president of Blog China angrily slammed the phone on the table, and the next second he felt that he was confused.

It turns out that the Fang guy has such a dark hand!

He really has no bottom line!

I, Fang Xingdong, will never surrender!

Blog China will fight to the end!

…

Sina has made a series of moves, and the secondary market is optimistic about it. The stock price rose from $50.36 to $52.18 in two days.

Then, MIGA Fund announced that it would reduce its holdings by 2% in the next 6 months and submitted a sales notice to the SEC.

Chairman reduced his holdings?

Previous actions were only to raise the stock price for easier sale?

Some such doubts have emerged in China, and there are doubts about whether Sina really wants to vigorously expand its blog business.

Relevant financial media learned from Sina that the reason for MIGA Fund's sale of shares was only vague "business factors", and it will not continue to reduce its holdings and will hold its shares for a long time.

Even so, Sina's stock price still fluctuated, falling below the $50 mark from the recent high of $52.18 and closing at $49.56.

Against this background, MIGA Fund announced the launch of the "MIGA Huaxia Collective Fund Trust Plan" on the afternoon of February 5, and will start business with Pudong Development Bank and Shencheng Trust to deepen the domestic private equity market.

That is, Shencheng Trust is the issuer, Pudong Development Bank is the fund custodian, and MIGA Fund is hired by Shencheng Trust to manage the funds.

In this way, MIGA Fund became the third operating entity of the domestic securities trust plan, and also the first sunshine private equity registered in Shencheng, which attracted attention for a while.

Yike successfully went public, Sina made frequent moves, Yongke was invited to bid, and MIGA Fund expanded the domestic market.

Since Fang Zhuo became the richest man and returned from the United States, he only stayed silent for a few days before the Spring Festival and immediately attracted the attention of many people, causing a lot of discussion.

From the richest man in Shencheng to the richest man in the mainland, his behavior seems to have become more radical.