I am the only one who practices magic: I practice magic in the city

Chapter 403: What level do you have? You still dare to question me? (5000)

Fang Yu?

ByteDance is not participating, but Youzi Technology is going to participate instead?

Ma Yun stared at Fang Yu with his Gollum-like eyes, but saw Fang Yu smiling at him harmlessly.

Do you want to replace Qianxun and dominate the search market?

Ma Yun's eyes flickered. It seemed that many of his previous speculations had to be re-deduce.

If Ma Yun was just surprised, then ByteDance's Zhang Yiming was a surprise.

No translation needed, he knew what a fucking surprise was.

The surprise is that the main competitor, possibly his mortal enemy, couldn't resist the temptation of Chihiro's fat piece of meat and decided to turn to her!
No, it cannot be said to be a turn, but rather a return to the search track!

Just as Ali and Penguin pay attention to ByteDance, Zhang Yiming is actually most concerned about Youzi Technology!

Ever since Youzi Technology came out of nowhere more than half a year ago, he believed that his biggest competitor in the future would not be Penguin, which monopolized the social network of acquaintances, nor Ali, which occupied half of the e-commerce market, but Youzi Technology, which was engaged in large-scale artificial intelligence models!

He started out as an algorithm developer, and no entrepreneur here knows better than him the terrifying strength of Youzi Technology in the algorithm field.

It is just a semi-public DBAS algorithm of the other party. Even though Byte's algorithm experts know the principles of DBAS, they have not yet developed an algorithm with similar performance.

What's more, after their disassembly of Juzi1.99Dec, they found that there are countless algorithm models like DBAS in the Orange model.

During that period, every time Zhang Yiming had a meeting with the R&D team, he would feel his scalp tingling. He could not understand how Youzi Technology came up with so many advanced algorithms.

In the era of big data, algorithms are the basis of all applications, just like the mental methods in martial arts novels. No matter how powerful the moves are, they still need algorithms to drive them.

At present, the best way for algorithms to monetize is through search and content distribution.

In fact, over the past few months, Zhang Yiming has been paying close attention to the developments of Youzi Technology.

When Youzi Technology announced the establishment of Ysou, Zhang Yiming was really relieved.

They started to lay out the content distribution industry more than a year ago, with short videos and live broadcasts as their entry point.

There is advertising market overlap and algorithm competition between search engines and content distribution platforms, but they are indeed two different business models and do not constitute direct competition. Since Youzi Technology has chosen the search track, at least it does not have to face such a powerful competitor directly in the short term.

When Ysou captured nearly half of Qianxun's market share with great ease, Zhang Yiming was even more shocked.

He considered himself to be the boss who attached the most importance to Youzi Technology among all the large domestic companies, and he never thought that Ysou would be able to succeed so quickly.

In his opinion, it will take at least one to two years for Ysou to gain a foothold in this market. After about two and a half to three years, it will usher in a period of explosive growth and enter a stage of competing with Qianxun.

But no one would have expected that in just three months, Ysou would take off at a rocket-like speed and become the second largest search engine in Da Zhou, second only to Qianxun in market share.

Moreover, Ysou has a large number of overseas users, which is completely incomparable to Qianxun.

If these overseas users are included, the actual number of Ysou users has exceeded Qianxun!
Even with the help of black swan events such as the Qianxun outage, Ysou was able to retain these users and make them not want to use Qianxun again after using Ysou, which is also a near-miraculous performance!

What makes him even more nervous is that Ysou is also going to enter the short video track!
Just as ByteDance’s short video project cannot be kept completely confidential, Ysou’s content distribution platform project cannot be kept completely confidential either.

A recruitment information alone is enough to reveal some directional information.

ByteDance has been planning its short video business for more than a year, having started to build a team at the end of the previous year and began recruiting people on a large scale at this time last year, offering salaries that are twice the market price to poach people. It is generally speculated that it has invested 2 billion Dazhou coins, but in fact it is far more than that.

ByteDance has invested nearly 300 million Yuan just for the cost of purchasing the algorithm, and the actual research and development cost has already exceeded 1 billion Yuan. If the subsequent publicity and promotion budget is added, ByteDance estimates that the total investment in this project will exceed 10 billion Dazhou coins.

It can be said that this project has almost exhausted ByteDance’s financial reserves, and it is completely too late to change direction. If it fails this time, ByteDance’s future ceiling will be locked, and at most it will be similar to the current Sohu and Zhuchang.

The bottom line that Zhang Yiming set for this project is to become one of the top three in the short video field. Only in this way can the investment be recovered.

When Zhang Yiming heard that Ysou had also started to develop a short video platform, he almost didn't sleep well for a week.

Finally, after several meetings with several partners, Zhang Yiming made up his mind that he still needed to have strategic determination and not be afraid before the battle. He had to go all in on the short video track!
Therefore, Zhang Yiming stepped up the progress of the project. The short video platform, which was originally expected to be launched at the end of September, was further compressed to August. Even so, Zhang Yiming was still very nervous and demanded that the project team speed up the progress, the sooner the better.

This is also the reason why Zhang Yiming remained unmoved when faced with the opportunity to acquire Qianxun.

But who would have known that Fang Yu, the actual controller of Youzi Technology, would actually express his intention to participate in the bidding for Qianxun at this time! ?
If Ysou really swallowed Chihiro like a snake swallowing an elephant, it would take no less than a year just to digest Chihiro!

Moreover, whether it can be digested and whether it will be dragged to death are completely unknown.

In this world, there are countless examples of companies that seemingly swallowed an elephant but ended up suffering from indigestion and broken cash flow, leading to their sudden death.

There are quite a few in the Great Zhou.

In that case, its only remaining competitors would be Sushou and the video account that Penguin is planning.

Zhang Yiming looked at Fang Yu and felt relieved.

It seems that I was too nervous about Yuzu Technology before.

Fang Yu is still too young. He has no strategic determination at all. He changes direction as soon as he sees the benefits.

However, I heard that he is Chen Shian's nephew and Fang Daqiang's only son. As a second-generation rich man, he must be used to making quick money, no wonder.

Zhang·The son of a small boss·Yiming couldn't help but feel a kind of disdainful attitude towards Fang Yu, thinking "wait for me to stretch my legs".

But the question is, can Yuzu Technology compete with Ali and Penguin?
Thinking of this, Zhang Yiming couldn't help but feel a little worried.

Hearing Fang Yu's statement, Wang Fujun's eyes flashed slightly. Just as he was about to speak, he saw a short middle-aged man on Ma Yun's right hand raised his hand.

"Lord Wang, I am Qiu Hongyi from 720, and 720 has confirmed that I will sign up for Qianxun's bidding."

Ma Yun tapped his head lightly. Oh, yes, there is also 720. How could he forget this troublemaker?
Oh, by the way, I didn’t forget, I just calculated it. This guy’s company is not qualified at all.

Moreover, according to previous analysis with the staff, it is impossible for the higher-ups to choose 720 to acquire Qianxun now.

Ma Yun just laughed twice at that time.

As soon as Qiu Hongyi spoke, Ma Yun's left hand was numb and painful, and his face was also full of disdain.

If the conflict between Ahri and 720 was just a verbal dispute ten years ago, then the conflict between Penguin and 720 is completely an old grudge.

In previous discussions with the company team, Penguin's staff had already concluded that 720 would do its best to participate in this bidding.

Security and search are 720's main businesses. There is no reason for this company not to participate.

However, why don’t you look in the mirror? Have you met the 150 billion turnover and 800 billion market value requirements as required by the prequalification documents?

You just delisted from Maigu last month. Before the delisting, the Maigu stock market rose by only 115 billion Maiyuan (Note 1) due to the risk aversion caused by the Devil's Island incident. In the past two months, the exchange rate of Maiyuan against Dazhou currency has plummeted to only 6.22. No matter how you calculate it, you are still short of billion in market value.

Even though Ma Huatong had long since stopped showing his emotions, he couldn't suppress the disdain on his face.

In fact, the most powerful human emotion is disgust.

The emotion of loving someone can be hidden, and the emotion of hating someone can also be hidden, but the emotion of disgust is very difficult to hide.

Public figures who have been in the battle for a long time have all expressed visible disgust towards certain people in public. Many people say that they fail to manage their facial expressions. In fact, it is not that they fail to do so, but that it is very difficult to do so.

It is because the power of disgust is so strong that it can distort reality.

You may stop loving someone because of certain facts, and you may stop hating someone because of certain changes. But as for hating someone, there is no way to change someone's opinion in a short period of time except the powerful weapon of time.

Similarly, many people who work very hard do not do so because they like success so much, have clear goals, or know what kind of person they want to be.

It’s just that they hate mediocrity and know very clearly what kind of person they don’t want to be.

Of course, as one of the major powers of the Internet in the Great Zhou Dynasty, what Mahua Teng hates will naturally be hated by his younger brothers. "Boss Qiu, if I remember correctly, it seems that 720 does not meet the first two conditions of the prequalification?"

Before Wang Fujun could express his opinion, Wang Xing, who was on Mahuateng's left, suddenly interrupted.

He spoke not just to show his goodwill to Mahua Teng, but mainly because he and this guy also had conflicts.

When he was developing the campus network, it was Qiu Hongyi who interfered and caused Hongshan, which had almost reached an agreement, to abandon its investment in the campus network, which indirectly led to the failure of the campus network.

Moreover, Qiu Hongyi had a very low opinion of him at that time. She directly told him to his face that he had no ability and could only brag. She also said that just by looking at him, she could tell that he would never achieve anything in his life.

Qiu Hongyi is an old troll, and knows how to fight back. She is not angry, and said slowly: "If 720 has not reached this line, then Ysou and Youzi Technology must not have reached it either. You can't criticize one and ignore the other, and be partial to one, right?"

Everyone present was smart and reacted immediately.

So this is what this guy meant.

I don't want it to be okay, but I can't have Ysou and Youzi Technology either.

This means that they are afraid that after Ysou takes over Qianxun, 720 Search will be completely finished.

Not only that, there may also be ideas to test Yian Prefecture.

If you think about it carefully, the first item of this standard is quite interesting, as it just excludes 720.

For 720, which had always had a good relationship with Yian Mansion, this signal was indeed unusual, at least revealing certain tendencies of the new leadership of Yian Mansion.

But you, Qiu Hongyi, said that Youzi Technology has not reached this line. Isn’t that a bit nonsense?

Everyone knows that Youzi Technology is definitely unable to meet the turnover requirement, but they have definitely met the 800 billion valuation line.

Yuzu Technology alone was valued at 126 billion Malaysian dollars in its previously announced first round of financing, equivalent to more than billion Da Zhou coins.

Add to that the popular Y-search, not to mention the domestic market, even the international market business will be valued no less than 800 billion US dollars. The two together far exceed the billion valuation requirement required by the prequalification documents.

Qiu Hongyi was writing and drawing on the paper, her tone was calm, and she didn't look anxious at all.

"I did some calculations. According to the official announcement of Youzi Technology, the company was valued at 126 billion Malaysian dollars in its Series A round of financing three months ago. Today's exchange rate is 6.22, which is equivalent to 16 billion Great Zhou coins. We are still 1628 billion Great Zhou coins away from the requirement of billion."

After saying that, Qiu Hongyi raised her head, a cold light flashed on her glasses: "As for Ysou, as far as I know, it has not yet started its A round of financing, so naturally there is no definite valuation. It can't be that they say it's worth whatever it is, right?"

"Of course, if the Securities and Exchange Commission sends a professional audit team and investment team to conduct a detailed audit of Ysou and give a credible valuation, I will also approve it. But before that, I think Ysou should not be included in the overall valuation of Youzi Technology, and it does not have the qualifications to be the main bidder this time."

"Boss Fang, I'm not targeting you, and I'm certainly not targeting Ysou. Since the higher-ups organized this bidding and set such strict standards, then these standards should be verifiable and inflexible. Lord Wang, am I right?"

! ! ! ! ! !
Everyone on the scene was taken aback.

Yup!

Ysou has not yet started its A round of financing! There is no definite valuation at all!
All ideas about how much Ysou should be worth are actually predictions, not written down confirmations after a financing agreement is reached!
For such a large acquisition case, the prequalification requirements issued by Yian Prefecture are not so rigorous or formal, and are more like a private communication.

After all, this meeting is called a briefing meeting.

If it is a formal bidding, for unlisted companies such as Youzi Technology and Bytedance, at least a third-party evaluation agency approved by the above should issue a temporary valuation report for these companies based on their market potential. This is an operation method without any troubles.

This is understandable. After all, everyone knows that the top priority is to find a new person in charge to take charge of Chihiro.

This makes it theoretically possible to falsify the data.

Just find an investment company and sign an investment agreement.

But not to mention that everyone present here is a prominent figure in the Internet industry of the Great Zhou Dynasty. They would definitely not do such an idiotic thing that could be easily exposed. Even if there really is such a stubborn person, it would be difficult for him to fake it now.

The time is too short.

The prequalification materials have to be submitted tomorrow afternoon. According to the preparation of these materials, the investment department of each company will basically not be able to sleep tonight, not to mention falsifying them.

And which company’s operating conditions are not understood by the above?
Except for Youzi Technology and ByteDance, most of the others are listed companies, so it is impossible for them to commit temporary fraud.

Everyone's eyes couldn't help but look at Fang Yu behind Ma Yun and Ma Hua Teng.

"Tsk~ Mr. Qiu, it seems that using 720 search really can't find any useful information. Let me advise you that if you only use your energy to figure out how to take over more fraudulent ads from Qianxun, sooner or later you will end up following Qianxun's old path."

Fang Yu folded his arms and sneered.

Hearing Fang Yu's words, Qiu Hongyi's face flushed and her eyes widened.

"Mr. Fang, 720 has been in this industry for four years and is the second largest search engine company in the country. You are not qualified to judge 720 yet, and the things you mentioned have nothing to do with whether YSearch has the qualifications to bid for the company."

Fang Yu laughed: "Of course it is related. I saw you searched for a long time on your phone just now. If your 720 is really useful, you can find out by searching now. This morning, Y Search just announced that it has completed the first round of financing of 68 million Malaysian dollars at a valuation of 6.8 billion Malaysian dollars, and the financing funds have been received."

! ! ! ! ! ! !

Qiu Hongyi's face changed drastically.

Ysou completed its first round of financing! ?
How can it be! ?
Who voted?
Valuation of 68 billion Malaysian dollars?
Ysou, which was established just over three months ago, has a valuation of 68 billion?
Is this investment institution crazy?

The others were all horrified.

Especially the five investment institutions represented by Hongshan.

As a leader in Da Zhou’s venture capital industry, how is it possible that they were completely unaware of Ysou’s completion of its first round of financing?

They did not have much doubt about the figure of 68 billion. After all, after the second shutdown of Qianxun, everyone could see that Ysou was already the most likely company to become the next monopolistic search engine in this market.

Moreover, unlike Qianxunwoliheng, Ysou also has overseas business. The number of overseas searches of Ysou is currently second only to Google and Biying, and is almost the same as Yahoo.

You know, Yahoo owned almost the entire Japanese market a few years ago!

This is achieved even though no mobile phone abroad has Y-search as its default search engine!

Moreover, whether in the Dazhou market or the overseas market, Ysou's monthly growth rate has been frighteningly high in the past three months. It is estimated that by the end of the year, Ysou may officially establish itself as the number one search engine company in Dazhou and the third in the world.

If Ysou makes more efforts on the mobile side, it is not impossible for it to catch up with Biying or even surpass Biying to become the second largest search engine.

Not to mention a valuation of 68 billion, even if it were to add another billion to billion, it wouldn't be too surprising.

In a valuation report five years ago, the valuation of Pseudo-Soft Bing exceeded 2 billion. Now analysts from various institutions generally believe that if the Bing business is separated from Pseudo-Soft and listed separately, it is very likely to have a market value of more than billion yuan (Note ).

When Yuzi Technology first rounded up its funds, it bypassed all venture capital firms and directly connected with large investment banks, but rumors still leaked out.

How is it possible that there is no news at all during this Y search?

Which institution invested in it? How could it be kept so secret?
"This financing has been approved by the Commerce Bureau, Yi'an Prefecture and other departments. I won't show you the financing agreement and funding information. I will naturally provide the relevant information when you submit the materials tomorrow afternoon."

Fang Yu glanced at Qiu Hongyi with disdain.

What level are you at? How dare you question me?
I set this standard, how can I get myself blocked?

As for which institution it is?

It cannot be said, it cannot be said.

Those who know will naturally know, and those who don’t know will naturally not know.

When the time comes, check out the annual reports of certain sovereign funds.

(End of this chapter)