We are all reborn, who wants to be the richest man?

In 1992, after the New Year's Day holiday, Hong Kong Island entered a capital carnival mode.

On January 1, Audi Group went public, and the Hang Seng Index officially broke through the 18-point mark the day before Audi's listing.

Since the market opened on January 1, the Hang Seng Index has risen by 2 points, an increase of 3800%.

The overheated economy made investors a little crazy, and Luo Nianzhong and Du Huilian discussed whether to water the stocks.

However, after a detailed investigation, the two decided to wait and see. This surge in the market was due to the listing of the Audi Group and the influx of capital from all sources.

After the Audi Group goes public, the stock prices of many companies will fall.

There is also the price-to-earnings ratio of companies listed on the Hong Kong stock market. The current average price-to-earnings ratio is less than 21 times, which is still within the safety line.

It is estimated that after this carnival, the average price-to-earnings ratio will fall below 20.

Things turned out just as Luo Nianzhong and his companions had expected. The listing of Audi Group caused a frenzy, but its impact on the Hang Seng Index was not that great.

On the day of listing, Audi Group's stock issue price was HK$561.6, and the stock price broke through the HK$628 mark on the same day, and the increase showed no sign of slowing down.

At the close of the day, the total market value of the Audi Group was HK$3454 billion, or approximately US$442 billion, making it the world's most valuable automaker.

But even so, this market value barely makes it into the top 20 of global corporate market value rankings.

Looking at the top ten global corporate rankings two years later, NTT is the only one left among the island companies that once occupied half of the market.

The first one is the oil giant ExxonMobil. Influenced by the Middle East, ExxonMobil’s market value once exceeded US$1200 billion.

However, now that the Middle East issue is over and crude oil prices have fallen, ExxonMobil's market value has also declined. However, it is still the only company in the world with a market value of over $1027 billion, with a market value of $ billion.

The second place is Far East Chip. This is the first time that Far East Chip has become the world's most valuable technology company with a market value of US$811 billion.

In terms of market share, Far East Chip can be said to be far ahead. No wonder the U.S. state-owned media is hyping up the topic of the death of U.S. technology.

However, this topic did not cause much stir. Looking at the overall technology industry, the United States is still far ahead.

The third place is surprising to many people, but not surprising either. It is Altria Group, the world's largest multinational tobacco company, and the owner of Marlboro.

Thanks to a series of mergers and acquisitions starting in the late 80s, Altria Group's market value reached US$753 billion.

The fourth place is the only island country, the island country's communications giant NTT, with a market value of US$744 billion.

However, NTT's market value is falling very quickly, and it is hard to say when it will fall from the fourth place.

The fifth place is Merck, which reaped the benefits of pharmaceutical mergers and acquisitions and completed the acquisition of Schering & Bottega Veneta, with a market value of US$633 billion.

The acquisition of the giant Schering & Bottega Veneta has enabled Merck, the second largest pharmaceutical company in the industry by market value, to surpass Pfizer Bristol-Myers Squibb to become the world's largest pharmaceutical company.

However, this market value is inflated. The stock market believes that Merck's crazy M&A journey has not ended and is optimistic that it will continue to acquire and expand.

The sixth place is a retail giant, Walmart, with a market value of US$621 billion.

Although Volvo faces competition from Wellcome Supermarket in many states and cities in the United States, Wellcome is still a long way from shaking the position of Walmart, the retail giant.

Wellcome, a supermarket brand under Dairy Farm International, has gradually disappeared from the Hong Kong Island and Southeast Asian markets since it was acquired by ParknShop Group. When it reappeared, it was already in North America.

This is the brand that ParknShop Group uses to enter Europe and the United States, and its target brand is Walmart.

In seventh place, an Internet company emerged.

Thanks to the highway plan and the rapid popularization of personal computers, Microsoft, a company that dominates the operating system market, has seen its market value soar rapidly in the past two years.

In less than a year, Microsoft's market value increased by US$607 billion, ranking seventh with a market value of US$ billion.

Eighth place, Microsoft’s parent company IBM, with a market value of US$588 billion.

It's embarrassing for Big Blue that the parent company's market value is not as high as that of its subsidiaries.

IBM, which encountered problems in various businesses, should have fallen from grace, but thanks to the strong market value of Microsoft's dual listings in Hong Kong and the US, IBM still managed to hold on to its eighth place.

Ninth place, Far East Computer, with a market value of US$567 billion.

This Far Eastern company has a firm grip on the global high-end computer market and earns more than half of the profits in the global computer market.

And it's not just the computer industry. The supercomputer and server industries that have developed in recent years are also well managed. IBM's market share was taken away by Far East Computer.

The tenth place is also a company that benefits from the Internet, that is AT&T, with a market value of 561 billion US dollars.

It can also be seen from the current global corporate market capitalization that semiconductor technology and Internet-related companies have begun to rise, with six of the top ten being in this category.

This also makes capital more inclined towards these industries. Now, only a spark is needed to push these industries from the top floor to the cloud.

And this fire came quickly, which was Netscape's financing.

"What a pity, I didn't win the lottery and missed the chance to make a fortune."

In the Fengwu Stock Exchange, an old stock investor watched the Audi Group's stock price continue to soar, and felt like he had lost money.

"What are you afraid of? There will be plenty of opportunities in the future. With Luo Caishen guarding Hong Kong Island, why should you be afraid that there won't be stocks of good companies to buy?"

I don’t know when it started, but Luo Nianzhong has become the person who replaced the God of Wealth. Now when Hong Kong people have problems, they don’t talk about the God of Wealth but Luo Nianzhong instead.

Even the gamblers were muttering slogans like "May the God of Wealth bless me and make me rich this time."

"I heard that Netscape is going to raise funds?"

In Hong Kong Island, even old men and women who can’t use computers know about the Internet industry.

The Internet industry has been booming in the past two years. How can Hong Kong citizens, who are all involved in stock trading, not know about it?

"That's right, the A round valuation is 35 billion US dollars, and we need to raise million."

"Hiss" the person who asked the question took a breath and widened his eyes.

“Doesn’t that mean that this company is now worth US$4 billion, or more than HK$30 billion?

Why would anyone invest in this company if it doesn’t make money?”

"I don't understand this, but don't Luo Caishen and those people on Wall Street understand more than us? I heard that Wall Street agreed."

Yes, I agreed, and very readily.

Ever since Luo Nianzhong announced that Netscape would launch its Series A financing, Wall Street capital came knocking.

Luo Nianzhong had no intention of making things difficult, and the two sides had a very pleasant conversation.

The Internet is a money-burning thing. Luo Nianzhong cannot invest endlessly. If you can invest in one company, can you invest in countless companies?

Although he knew that the Internet industries he invested in were in the right direction, if the funds could not be turned around, he would lose everything in one blow from Wall Street.

It is necessary to unite all the forces that can be used for one's own benefit and build a big network.

Netscape's pre-investment valuation of $35 billion is not high. Although the Internet has developed rapidly in the past two years and a large number of browser portals have been established, Netscape, which controls more than 70% of the world's users, is a well-deserved giant in the industry.

Recently Netscape is developing multi-language versions and expanding the search library, which requires a lot of investment.

Wall Street is also willing to make Netscape's pie bigger because of the number of users.

By the end of 1991, there were more than 2700 websites in the world, and the number of connected hosts reached 360 million.

But what about page views? Netscape occupies more than half of the market, with 1800 million page views per day.

This means that users all over the world are using Netscape, and on average each person uses it about five times a day.

This terrifying number of views naturally attracted a large number of advertisers, but what is strange is that Netscape, which was the first to use the advertising model, is now drastically reducing the number of advertisements and is not renewing contracts for expired advertisements.

Luo Nianzhong knew that temporary gains and losses were useless. The cost of doing browser portal searches was not high now, and maybe someone would catch up with him.

According to statistics, the total number of browsers and portal websites in the world now exceeds 130.

Users definitely hate advertisements, and the emergence of a website like Google in later generations would likely pull Netscape down from its pedestal.

In this case, then just spend money to gain publicity and make all competitors' costs increase from the very beginning.

Those who don’t have embedded advertisements won’t be able to make it, and those who don’t will just be burning money like Netscape. They should first unify the market and ensure that there are no worries.

It is not known whether Yahoo and Google will appear again, but Luo Nianzhong must not give them any chance.

Wall Street saw the possibility of monopoly, so it not only invested, but also mobilized the media and the Far East to cheer for the Internet.

Based on Netscape's current daily traffic, Wall Street has calculated that if it were television, there would be no problem in generating $200 million in advertising revenue each year.

But Netscape's $200 million was not enough to stop them. You have to know what age groups are the people who use the Internet.

Add to that the hundreds of new users added each year, and Wall Street feels that a big pie that can cover Manhattan is being created.