(The more I think about it, the more I am, I quickly turned to the front and found that I had calculated it wrong once. I corrected it. Now that Lao Song has only more than 6 million shares of Lenovo left, he probably pressed zero more at that time. This plot cannot be written, and I have to modify the front, which is so embarrassing... Let's take a look at it.)

Lenovo's stock price soared this year. In addition to the positive factors mentioned in our previous chapter, Lenovo Digital (original time and space were originally China Digital) has developed rapidly.

Lenovo Digital is a subsidiary established in January this year. Its statutory share capital is HK$100,000, divided into 1 million shares, with a face value of HK$0.1 per share. Lenovo Group transferred all its agency business to its subsidiary and also allowed its subsidiary to invest in e-commerce. Through targeted share issuance and public offering, the valuation of the subsidiary expanded to more than HK$3 billion (Lenovo holds 50% of the shares), which increased by 30,000 times in four months. It mainly comes from the investment of Lenovo Group and other institutions.

The valuation of the subsidiary may be false, but in the process of public offering, it has actually raised nearly HK$700 million.

Perhaps it is for making money or for business rectification, Lenovo has disclosed several information about splitting and listing its subsidiary. Every time there is news, Lenovo's stock price will fall, so it immediately came forward to clarify, and after the clarification, we ushered in a big rise again.

Mainly, Lenovo Group and Lenovo Digital are too strong. Although Lenovo Digital, as a subsidiary of Lenovo, has not yet been listed, it has a significant oversubscribed every time it is open. The amount of new shares issued is not enough to sell. Some time ago, Goldman Sachs even specially helped to issue more than 13 million new shares to take care of investors who want to buy but cannot.

The internal targeted allocation share price of its subsidiary Lenovo Digital is only HK$0.1, but the market price of the public offering was raised to nearly HK$4.

If Lenovo's major shareholder (Central Academy of Sciences) is not in a policy trap, Lenovo Group must hold more than 50% of its subsidiary's shares, Lenovo may issue additional new shares of its subsidiary, which can raise several hundred million in a minute.

These are the reasons why Lenovo's stock price soared to 70 yuan, and all are good news!

To have money, to have markets, to have performance, to have fame, to have policy support, to catch up with the environment where Hong Kong stocks continue to soar. Lenovo in the fall of 2000 was definitely the limelight and was the well-deserved leader of the Chinese technology industry.

Song Weiyang's more than 6 million Lenovo shares were smashed out, only a ripples were splashed, because the daily trading volume of Lenovo stock was too large. The Lenovo stock price, which was 70.46 Hong Kong dollars, was pulled to HK$68.17 by Song Weiyang's large-scale selling orders, but it soon rose back to HK$69.

However, it also has its effect. Lenovo's stock price cannot break through HK$70 again, and some financial institutions that hold shares have also begun to sell slightly. Everyone can see that Lenovo's stock price is too weird. Sooner or later, those financial institutions will have to sell large amounts of goods. It is estimated that it will usher in a continuous decline in one or two months.

Even if Song Weiyang does not appear, Lenovo's stock price will fall to more than 10 yuan this year due to the sluggish technology stocks. By the time Lenovo's branch company went public next year, it fell to 11 yuan on the day of the announcement of the news, and plunged to HK$5.85 in a few days, and has been floating around HK$5.5 since then.

Its subsidiary Lenovo Digital has not made much money. The stock price on the day of its listing was more than 4 yuan, but it fell to less than 2 yuan a few months later.

The only benefit is that it has rectified its business. Lenovo Group specializes in producing and selling electronic products, while Lenovo Digital represents foreign brands and conducts e-commerce.

In any case, Song Weiyang took more than 6 million shares of Lenovo this time and cashed out HK$430 million. These pocket money can be used to continue to inject capital into Alibaba, Sohu, Tencent and NetEase, and even invest in Amazon, whose stock price fell to single digits next year. At this time, Amazon's stock price has changed from triple digits to double digits.

By the way, the box office revenue of the "Chinese Hero" that Song Weiyang invested in was already in the account. Since the box office in Hong Kong and foreign box offices were settled together, the settlement was only started in August this year. Song Weiyang invested 15 million, but now it has become 18 million. Although it only has a 20% profit, it is already very good that such a large investment can recover the cost.

Now Song Weiyang has a lot of spare money in his hands, just waiting for another wave of the Internet bubble next year, and it will be even more tragic than this year.

...

Some time ago, didn’t Song Weiyang decide to invite Han Han and some celebrities to join in to expand Sogou’s blog influence?

After a detailed discussion with Ding Ming, the blog development plan was put on hold and continued to be left there in dyingly, and Sogou's blog developed naturally and slowly. Because it is the cold winter of the Internet, this thing cannot bring any profits, and it will not be of much help to Sogou's long-term development.

Although Ma Xiaoyun and others were talking about martial arts novels in the previous West Lake Sword Contest, there was one thing they said very well. In the cold winter of the Internet, no strange moves were useful. Major Internet companies were like knights falling off a cliff. The most important thing was to take the opportunity to practice internal skills. Whoever can practice internal skills well can kill all directions when they come out of the world again.

What Sogou Search wants to practice now is the online encyclopedia!

Now there is not even Wikipedia, let alone Baidu Encyclopedia. Once Sogou Encyclopedia is made, its importance is second only to Tencent’s QQ.

In early October, the capital.

Song Weiyang was invited to record CCTV programs and attended Sogou's press conference.

More than 20 media gathered together, but the reporters were not very energetic and chatted in groups of three or three, just waiting for the press conference to take the money and leave after the press conference.

The Internet is dead, this is a slogan shouted by the media some time ago. No matter how hard it is, it will be like that, and any shocking news will not appear, and readers' attention to online reports has also dropped significantly.

It was more than half a year since it was returned and online companies were established every day. The reporters were ruthless in taking the car fee, and they could write articles and save centimeters for newspapers when they returned. These news was often placed in important pages, but now they are not valued by the editor-in-chief.

There is a doctor named Lu who specializes in the Internet. His book "77 Innovation Models of the Internet Economy" is hailed as the Chinese Internet Entrepreneurship Bible. This spring, every entrepreneur has a book, and they all took a book to ask Dr. Lu for advice and asked whether his business plan was feasible. As long as Dr. Lu nodded, he could go back and register immediately, and hold a press conference to invite Dr. Lu, and he could easily get financing.

Throughout the spring, Dr. Lu lived in a hotel in Zhongguancun because they all held press conferences there, and sometimes he had to attend two or three times a day.

As for now, Dr. Lu hasn't received an invitation for a long time, and An Anxin returned to the Academy of Social Sciences for academic research. Many years later, Dr. Lu was hired as a consultant to the central bank and participated in the formulation of the "Online Banking Security Risk Guidelines", and then drafted a national strategic report on cyberspace, which was designated as a national policy after the instructions of the general leader.

If there was no Internet bubble in 2000, Dr. Lu might have become a businessman. After all, watching others make money according to his guidance, they will sooner or later become tempted. If they can't help but start a business, how can they have time to do academic research with peace of mind?

A reporter looked at the digital screen on the stage and asked his colleagues around him: "Do you know what the Internet Encyclopedia Plan is?"

"I don't know," the reporter smiled, "Whatever you do, you won't make money anyway. I want to know the encyclopedia knowledge, just buy the "China Encyclopedia". Do you have to pay to query the online encyclopedia?"

Another reporter said: "Sogou Search Company seems to be making money, with high advertising revenue and can support it without getting a large amount of financing. It would not work if it was replaced by other companies. Look at the current three major portals, it would be too poor to get venture capital."

"No matter how high the advertising revenue is, Sogou will at most be evenly balanced. How can so many companies advertise online?"

"Now more and more companies are starting to build company web pages. Sogou may make a lot of money in two or three years."

"God knows."

"Hey, Song Weiyang is here too!"

“…”

Song Weiyang walked directly to the side and sat down, leaving the home court to Ding Ming.

Ding Ming gave a thank-you speech and quickly turned to the topic: "The Internet is a world, a virtual world outside the real world. It will shorten the distance between people and countries. Sogou search engine was born for this. Just enter keywords and click to quickly find your goal in the online world. In reality, you need to understand some knowledge. The first choice for ordinary people is to find encyclopedias. But encyclopedias are too expensive. Take "China Encyclopedia" for example. There are 10 books in the whole set, each of which is very thick, and it will cost more than 100 million words in total. Even if you buy pirated copies, it will cost hundreds of dollars. Moreover, it is very inconvenient to carry. You can't take the full set of encyclopedias to work, right? Now the benefits are here. Sogou has expanded its recruitment of 50 employees during this summer vacation, specifically used to implement the "Internet Encyclopedia" plan!"

It's interesting.

The reporters finally became interested. They are writing workers and are more sensitive to encyclopedias.

Ding Ming pointed at Song Weiyang: "Please ask the typist Mr. Song to demonstrate."

Amid the chuckles of the reporters, Song Weiyang entered the keyword "Confucius". The first search result of Sogou search was Confucius' encyclopedia.

As the mouse slowly pulls down, the reporters see the content through the digital large screen, including Confucius' introduction, life, achievements, evaluations, etc., and the content is very comprehensive and detailed.

Ding Ming smiled and said: "As of yesterday, Sogou Encyclopedia has included 12,000 entries. Our plan is to include 500,000 entries within this year!"

Thanks to the country and the government, not only summoned more than 20,000 experts and scholars to compile the "China Encyclopedia" for 15 years, but also made it into CD e-books last year. The staff of the Sogou Encyclopedia project team simply copy and paste it and directly moved the "China Encyclopedia" to the Internet.

Ding Ming continued: "Sogou Encyclopedia not only contains the content of traditional encyclopedias, but also has relatively popular and fashionable things. Mr. Song, typist, please demonstrate it."

Song Weiyang casually entered the keyword "frog". The reporters quickly discovered that there were different options for this entry, one of which was called "online term": frog originally refers to an amphibian, which is usually used on the Internet for boys with bad looks, and is called frogs by girls.

Ding Ming smiled and said: "Many popular words and vocabulary are not found in encyclopedias. If you want to know, then you just need to search for the encyclopedia with Sogou and you can easily get the content you want."

The reporters finally became excited. They belonged to the group of people who most needed to check information. Sometimes, because the lines are like mountains, there are very simple knowledge points, and they have to hire teachers specifically. It is time-consuming and laborious, and may delay publishing. If Sogou's online encyclopedia plan is successful, it will be very convenient to write articles in the future. Just search with a computer. Even if there are content in the encyclopedia, it is even more important to use a computer. There are no need to slowly check the index to flip it. After all, there are more than 100 million words.

Ding Ming said: "Sogou has launched a general account. As long as you register an account, you can use all Sogou products. For example, Sogou Blog, if a blog click rate reaches a certain value, we will reward this user with points. Similarly, we also call on many netizens to write online encyclopedia entries together. As long as you find that you cannot search for this entry, you can write it yourself. As long as you pass the review, we will reward you with certain points. These points are useful. As for what it is, we will inform you in the future."

This is even more reliable. Now the number of Chinese netizens is close to 20 million. Even if only one thousandth of them participate in editing entries, they can quickly enrich Sogou Encyclopedia.

There were several reporters at the scene. After returning home, they tried to search for the entry. Once they found that there were any missing, they immediately edited it themselves, and then happily saved Sogou points, and felt excited to participate in major online projects.

If there is any news worth paying attention to in this Internet winter, it is Sogou's "Internet Encyclopedia" plan.

Once reported, it immediately caused a sensation and many netizens joined spontaneously.

Many years later, people who are familiar with the Internet regard the Internet encyclopedia as ordinary, but it is hard to imagine the shock it came when it first appeared.

The foreign Wikipedia was mentioned by Time magazine in 2006. The ones that are ranked alongside it are youtube, faebook and myspae, which shows how powerful the influence of online encyclopedia is.

Now, Wikipedia has not appeared yet, and Sogou Encyclopedia has been thrown out by Song Weiyang in advance, the only thing in the world.
Chapter completed!