Chapter 289 A good start

Chapter 289 A good start

Chapter 289 A good start
As a new entrepreneur, Yu Xing had a rather tedious year.

His plan was just to have a good rest for a few days, take some time to enjoy the sea breeze and watch the sunrise, and at most chat with relatives about how to get rich, but... perhaps he still underestimated the reputation of competing with the penguin, and both related and unrelated people came to him.

On the second day of the Lunar New Year, Yu Xing attended a symposium attended by the local leadership team, and in the afternoon he participated in a friendly exchange with the Federation of Industry and Commerce, becoming a formal member of the Chamber of Commerce.

Originally, he thought he would decline such Chamber of Commerce activities, but after going through so many twists and turns, he was able to work out the relationships with relatives and friends, so he had no choice but to complete the event with the idea that "it's New Year's Day" and "it's not easy for everyone".

Generally speaking, there is no explicit move to attract investment. Instead, it is more like getting to know people and knowing that there are a few channels. Of course, the general atmosphere is to welcome people to come back and contribute to their hometown.

"Mr. Yu, don't think too much and don't feel pressured. We are here to investigate the 'returning merchants'." Ma Jianping, vice president of the Chamber of Commerce, noticed that the emerging entrepreneurs seemed a little impatient at the end of the event, and said cheerfully, "Everyone greets each other, talks, and learns about the development of their hometown. If there is a chance to help each other, it will be a good thing."

Ma Jianping pointed in the direction of President Fan Guangming and said, "Mr. Yu, Mr. Fan is a native of Haiyan. He has also done a lot of charity work and is very respected by our local people."

Yu Xing glanced at Fan Guangming who was smiling on the other side. He had some impression of this local tycoon. He didn't know how he made his fortune, but he only knew that he was later imprisoned.

He nodded politely, not wanting to say anything on New Year's Day.

A moment later, Fan Guangming, president of the Chamber of Commerce, came over to say hello and shook hands enthusiastically: "Mr. Yu, you are amazing! You have brought honor to our Haiyan. Many media are writing about your deeds!"

Yu Xing glanced at the face of the man in front of him and replied with a smile, "You are all flattered."

Fan Guangming was being stared at by the young man in front of him. For some reason, he suddenly felt a little cold. He smiled and wished him a happy new year, then quickly turned to the other people.

Ma Jianping was a little surprised by the president's behavior, but he didn't think much about it and continued to chat enthusiastically with the rising star.

Logically speaking, he is indeed a rising star, but he is too outstanding.

What level are Ali and Penguin at...

Although Ma Jianping is from a traditional industry, he still maintains respect for those giant companies and finds the competition in front of him incredible.

Although WeChat has been sold, there may be some good projects in the future. We cannot be the younger generation, we have to be... the guiding light.

Yu Xing added the vice president's WeChat. After returning home in the evening, he couldn't bear the restless urge anymore. He hoped to finish his trip home and then take the old couple to visit Shanghai.

He contacted his mother's school and proposed setting up a two million scholarship, and then told Yu Guosheng and Chu Qiying of his decision.

"Scholarships are a good thing, and they also make money." Chu Qiying knew and supported his son's idea, but he didn't want to go to Shanghai. "If you are busy with work, you can go back early. We are fine at home. Why go there if we have nothing to do?"

Yu Xing was very good at lobbying at times, and he said simply, "Help me pick a house. I can't choose well."

Chu Qiying and Yu Guosheng looked at each other and both felt that this was something that needed to be taken seriously.

The two of them discussed it and decided to first sort out the things that still needed to be dealt with at home, and then decided to go to Shanghai together the day after tomorrow.

After Yu Guosheng confirmed it, he asked again: "The establishment of this scholarship can also be promoted. What do you think?"

"On the one hand, I don't need to advertise. On the other hand, everyone on the Internet knows the price I sold WeChat Company for, so there is no need to advertise the money." Yu Xing said simply, "The main thing is to thank the school for training a hard-working teacher like my mother."

Yu Guosheng thought it made sense. Besides, this year was indeed a year of great impact from his son’s academic performance, and everyone was caught off guard.

He finally asked a question: "You said before that you were planning to spend money, can it be spent on us?"

"It's a bit difficult for now. The first thing to consider when investing money is how to make it successful. If it can be beneficial to such a goal, then we can continue to consider it. Otherwise, we can only wait and see after it succeeds." Yu Xing said very realistically.

Yu Guosheng felt a little regretful, but respected his son for his success in business.

During the three days at home during the Chinese New Year, Yu Xing, who met almost four teams, ended his vacation early and called Liu Wanying, sincerely inviting her and Liu Jingrong's family to visit Shanghai.

Liu Wanying gladly accepted this small task.

Yu Guosheng and Chu Qiying had never been to Shanghai at such a time, especially to see their son who had gotten into work mode as soon as he came back.

However, Yu Guosheng soon became suspicious: "Xingxing, do you usually lie here like this? Is this how you usually work? Do you just stare at this whiteboard? I don't see you writing on it?"

Yu Xing lazily replied: "I'm the boss, I'm thinking. Usually when I'm thinking, there's no one else in the office. No one would mind me lying on the floor, let alone on a chair."

Yu Guosheng asked: "Are you really thinking? What are you thinking about?"

"Thinking about manufacturing technology, integrated die-casting, how to persuade investors, and industrial investment." Yu Xing answered casually, "I have a project idea that requires die-casting. There is an old die-casting machine factory in Italy called IDRA. It was acquired by China's Lijin Technology in 08. I am thinking about when to find someone to investigate the possibility of cooperation."

He thought for a moment and then said, "Last year, no, the year before last, in 2009, Baosteel built a 980MPa ultra-high strength steel production line, which is the third in the world. We also need to investigate the situation. Anyway, I am just sorting out these ideas."

Yu Guosheng was really shocked when he heard him tell the story in such a leisurely manner.

He was stunned for a moment and asked, "Aren't you in the Internet industry?"

"Well, yes, I am always observing opportunities. I am just thinking about and needing to verify the feasibility, and, if it is not feasible, how to promote the feasibility." Yu Xing said with a smile, "I quite agree with a point of view that Liu Wanying once told me, especially after making money. She said that many things are just tools, including money. If you can combine the tools to verify and promote ideas, it will be quite a sense of accomplishment."

Yu Guosheng asked: "So what are your thoughts?"

Yu Xing thought for a moment and replied, "Maybe some dualistic thoughts."

Some duality that makes people miserable or happy.

Yu Guosheng quit the office, feeling that he could no longer keep up with his son's ideas, and chose to be a tool to help him choose a house.

Yu Xing returned to work early, just in time to use the holiday to think about less urgent project ideas. However, when he learned that his boss had returned to the company, Vice President Liu Hao couldn't wait to return to Shanghai.

Regarding Bai Xiaosheng's listing plan this year, Liu Hao is still excited despite the baptism of the Spring Festival.

This is an achievement he had not achieved before at Zhaopin.com. The reason why Baixiaosheng has such a possibility now is that Baixiaosheng is not only a recruitment platform, but also a leading workplace social platform.

During the past year's development, Bai Xiaosheng has gradually demonstrated its soft competitiveness as a workplace platform. This is particularly evident among recent graduates, as most of them choose Bai Xiaosheng as their first choice.

At the end of last year, a report released by iResearch showed that the traffic of Baixiaosheng Recruitment had surpassed the old-fashioned ChinaHR.com, ranking among the top three in China.

Bai Xiaosheng's large professional community and the founder's outstanding image in the battle of instant messaging, coupled with simple functions, lower prices, and economic recovery, have all contributed to the rapid development of business performance. "I called IDG's Mr. Zhang during the Chinese New Year, and they suggested that we start the listing in May, but it is not clear whether it will be successful." Yu Xing talked about the specific time, "Now we need to tell the capital market two things, one is the high-growth recruitment platform, which can be compared with the already listed 5job, which now has a market value of 15 billion US dollars."

He took a sip of tea and continued, "Second, it is the only workplace social platform in China. This is comparable to LinkedIn, which has not yet gone public, but its current valuation is about 30 billion US dollars."

"Mr. Zhang said that judging from this kind of benchmarking, Bai Xiaosheng has something to say. Social networking, although vertical and refined, is still easy to be favored."

“We don’t expect to surpass 51job as soon as it goes public, but at least it should be priced higher than WeChat.”

Yu Xing explained clearly the communication with IDG.

In fact, once Bai Xiaosheng goes public, its market value will surely exceed the selling price of WeChat, but it certainly cannot compare to the public opinion shock caused by WeChat's sale to Alibaba, which Yu Xing finds very interesting.

Similarly, although Bai Xiaosheng’s options are not issued so frequently, once they are listed, they will also change the fate of many employees.

Liu Hao pondered the initial listing date and said seriously, "Unfortunately, if we continue to develop for another year, we may be able to challenge the third or even second place in the industry. ChinaHR and Zhaopin.com did not perform well last year."

"There's nothing we can do about it. We can't just focus on ourselves, we have to look at the timing. By the end of the year, when performance is good, it may not be as strong as in the middle of the year." Yu Xing believes in the direction of overseas listings from IDG and Capital Today.

Liu Hao sighed: "I really hope to succeed, I really hope to ring the bell, once I ring it, my life will be complete!"

Yu Xing said calmly: "We should do our best and leave the rest to fate. If fate doesn't work out this time, we can consolidate our business and there will always be a time when it will work out."

Liu Hao couldn't lower his expectations, but still said yes.

However, Bai Xiaosheng is still skeptical about whether he can go public, but his competitors seem to be unable to bear this hesitation and are trying their best to help reduce uncertainty.

The Spring Festival holiday has just ended, and the long-established recruitment website ChinaHR.com has presented a big gift to all the students who know the skills.

ChinaHR.com failed in its attempt to go public and was previously acquired by the foreign company Monster. Things gradually became strange. On the one hand, there were internal conflicts, and on the other hand, it started to learn foreign things.

Its system has been revised many times, but the results have become worse and worse.

In 2010, Bai Xiaosheng used the pages of ChinaHR.com as a comparison for business development many times, so it was relatively easy for him to poach customers from ChinaHR.com.

Perhaps it was due to the obvious decline in performance, or perhaps it was because of the fierce impact of Bai Xiaosheng, ChinaHR.com carried out a comprehensive system upgrade after returning from the Spring Festival, completely introducing the technology of its parent company Monster and gradually withdrawing the Chinese version of related products.

What does it mean to exit the Chinese version?
Yu Xing and Liu Hao didn't understand the message at first, but later they realized that the opponent wanted to directly cut into the American system.

How to describe this effect...

Feedback from users who surrendered overnight was that they originally paid a sum of money to ChinaHR.com to search 1000 resumes for free, set conditions, search the resume list, and click in to view the details. They only needed to pay when they saw the job seekers' phone numbers.

Now with the new system, if you want to view the details, you will start to be charged.

For companies, in the past they could find one qualified resume after checking 10-20 resumes and only charged for it. Now the price has increased 10-20 times.

Not to mention, there are many things about the American system that make people uncomfortable.

The inexplicable price increase and the abandonment of localization, which had not been notified before, directly caused a large number of customers to flow to competitors, among which Bai Xiaosheng received the largest share.

Although they were competing well, ChinaHR suddenly stabbed itself in the back, and blood gushed out to the onlookers, including Baixiaosheng, 51job and Zhaopin.com, giving them a gift for a good start after the New Year.

"Mr. Yu, I've been thinking about it for a whole day and night and still can't figure out why this is happening!" Liu Hao was almost about to cry for his opponent.

Yu Xing smiled and said, “That depends on what ChinaHR’s parent company thinks. They are either arrogant or extremely confident in their own system. But no matter what, it would be a shame not to take up its share to go public…”

Other companies have to localize when they enter the market, but Monster goes against the trend. I really don’t understand their thinking process.

On February 2, Bai Xiaosheng completed the issuance of a batch of employee options and officially announced its entry into the first-tier city markets. According to unofficial news, it will start its IPO this year.

Simply put, after the Spring Festival, Bai Xiaosheng suddenly became very successful.

Bai Xiaosheng is an intelligence gathering place for the industry, and many of its own news cannot be concealed. The almost certain plan to go public within the year has made many people aware of a problem.

A group of millionaires and billionaires just went there before the New Year. Are they going to come back for the Spring Festival and then another group will come?

Dr. Yu, what exactly do you want to do?
Why don't you take me with you?

Similar questions and exclamations were posted on forums and Weibo.

Soon, such questions can also be posted on WeChat or WeChat Moments.

On February 2, Penguin chose to update WeChat on Valentine's Day, adding a function similar to QQ Space and named it "Friends Circle".

Just two days later, Alibaba, which had taken over WeChat in its entirety, followed in the footsteps of its predecessor extremely quickly, even without changing the name, and also added the "Friends Circle" to WeChat.

Penguin wanted to denounce its competitors of the same level for using such despicable means...

But, I couldn't yell...

At a meeting that evening, the WeChat team was at a loss. Not only was there a problem with the functions being replicated, but WeChat's user growth was also declining. It was said that it had encountered a stock barrier for smartphones.

This means that Wechat’s slight lead over WeChat will soon be wiped out.

On one hand, there is a lack of growth, and on the other hand, functions are being replicated...

"How can we fight this? Alibaba's copycat strategy is simply unsolvable!" Deputy Director Guo Boxuan couldn't help but sigh, "Who can think of a solution?"

Another commented with dark humor: "It turns out that I really can't beat myself."

Guo Baixuan touched his face and said helplessly: "Why do I suddenly feel respect for Yu Xing? Did he face this kind of competition before?"

The Penguin meeting room fell into silence. If you don’t face the Penguin, you won’t know how annoying the Penguin is…

(End of this chapter)