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993 EITC listed

As soon as the Hong Kong Film Awards were released in 1996, Xia Zuhui took the crew of "The Legend of the New White Snake" to Suzhou and Hangzhou. Most of the scenes of this drama were filmed in the mainland.

Due to the butterfly effect brought by Kang Jianfei, many film and television works in the original time and space have not appeared. For example, Ang Lee's "Father Trilogy", such as Pan Yingzi's "The Empress of the Generation", "The Princess of the Generation", Zhao Yazhi's "The New White Snake", "The Drama of Qianlong", etc.

In another time and space, "The Legend of the White Snake" was originally a script tailored for Zhao Yazhi after "The Legend of Qianlong" became famous, and the TV station specially tailored the script for Zhao Yazhi. Now she has not gone to Taiwan to develop, so this work naturally disappeared.

What made Kang Jianfei feel relieved was that Ang Lee finally made his mark this year after being an associate director and director (both commercial films). After the Spring Festival, he took out a hand-written script called "Horse Racing". The male lead is an apprentice jockey who just got the certificate.

On the surface, this movie is about Hong Kong horse racing, which also contains some kung fu and comedy elements, but the core is about explaining the relationship between people, people and animals, and people and cities.

Art comes from life. Ang Lee was able to film the "Father Trilogy" because he was miserable for a long time and was willing to be a family husband. He was born in Taiwan and lived in the United States. Therefore, his works tend to show the collision and integration of Eastern and Western cultures, and have a very profound and keen observation of the family.

But now it’s different. Ang Lee has been in Hong Kong for ten years, and his focus has completely changed. He has an alienated colonial thinking model. Kang Jianfei is very much looking forward to his work.

In the United States, the listing of Oriental Network Technology Company has reached its final stage.

On January 22, the company submitted an IPO prospectus to the US Securities and Exchange Commission, intending to raise US$200 million, and disclosed the shareholder structure and proportion of some of the shares.

On February 18, the list of multiple partners and their appointments were disclosed for the first time. The list of eight board members of listed companies in the future was also announced, and the total revenue for the 1995 year was also updated.

On March 11, with the investment of the two major consortiums, the company's valuation increased again, with the stock price rising from US$12 per share to US$18, and the number of board members increased to 11.

On April 16, the company was listed on the Nasdaq Exchange in the United States with the stock trading code "EITC".

On April 18, the revenue status of the first quarter of 1996 was announced.

On April 27, the first public announcement of the IPO pricing range was US$20-23, which estimates the company's market valuation is 500 million-575 million.

On May 10, Oriental Network Technology Company was listed on the Nasdaq. After 35 minutes of inquiry, the US dollar opened and closed at $36. The stock price rose 31% on the first day.

By May 14, the trading time of the first week of listing ended, the share price of Oriental Network Technology Company had risen to US$54, and the company's market value soared to US$1.35 billion.

The whole world was shocked because it was the first Internet technology stock in history. Its amazing stock price not only stimulated countless people to devote themselves to Internet entrepreneurship, but also made the rich tycoons keen on investing in Internet companies.

The Internet bubble emerged and continued to grow every year until a few years later... with a "bang", the miserable blew everywhere.

Due to the multi-faceted advantages of browsers, portals and search engines, Oriental Network Technology Company is far more successful than Yahoo in history, and at least it has attracted more investors in the private placement stage.

So far, the top ten shareholders of Oriental Network Technology Company are as follows: Dream Fund (21%, venture capital institution temporarily founded by Kang Jianfei), Oriental Media (6.2%), Pioneer Group (5.8%), Paramount (4.9%), Fidelity Group (4.3%), State Street Group (4.1%), Blackstone Group (3.5), Thomas Jr. (2.8%), Northern Trust (2.6%), GCM (2.5%).

As for the 10% stake that Kang Jianfei gave to the little fat man Jim, after two rounds of private equity, it has been diluted to only 0.6%. Even so, he has a net worth of more than 8 million US dollars. With the current stock price increase, it will only take a few days to become a millionaire.

EITC has become another tech entrepreneurship myth after Microsoft and Apple. The company's CEO Jiang Qinghua was listed on the cover of the third issue of Time magazine in May, and the boss behind the scenes Kang Jianfei was immediately exposed.

According to statistics from the US Fortune magazine, EITC's listing on the Nasdaq has soared by US$350 million in just one week.

This is $350 million in 1996!

The most terrifying thing is the rise in the stock price of Oriental Network Technology, which fully proves what the Internet bubble is. By the end of June, it had soared from the issue price of US$23 to the incredible US$81, which was almost the same as Microsoft's stock price. EITC's market value increased to US$2 billion, which 4 times in just one and a half months.

Do you think it's outrageous?

There are even more outrageous things. In the original space and time, the issuance price of Yahoo stock was even lower, but it soared to US$475 in four years, an increase of nearly 20 times.

After interviewing Jiang Qinghua, Time magazine seemed to feel unsatisfied, so it flew to Hong Kong to interview Kang Jianfei. On the cover of that issue, Kang Jianfei's photo was tied with Bill Gates, and gave them a very second-rate title - the Technological Girl.

As for Jobs, haha, Apple just happened to be in trouble this year, and he resigned ten years ago. Jobs is now doing animation, and Pixar was founded by him. Last year's "Toy Story" box office was awesome.

Nowadays, whenever technology entrepreneurship is mentioned, people will think of Bill Gates and Kang Jianfei. In the Internet tide, Kang Jianfei has always been a benchmark figure.

Hong Kong's stock market is keeping pace with the United States, and EITC's amazing performance on Nasdaq was seen by Hong Kong's wealthy investors and traders. Especially after Kang Jianfei was exposed as the boss behind the scenes, public opinion in Hong Kong also made a big fuss.

Soon, the headquarters of Oriental Technology Company announced that Hong Kong's Oriental Charming Network was incorporated into EITC, and this traditional Chinese website mainly serves Hong Kong, Taiwan and Macau. At the same time, EITC set up a branch in Zhongguancun, Beijing and opened a simplified Chinese website of Oriental Charming Network.

Continuous positive news came out, and EITC's stock price broke through the $90 mark.

Jin Yong had already given up a large number of shares of Mingpao Group at the beginning of the year, completely resigned from his actual position, and only took the position of president. Now Oriental Media has become the largest shareholder of Mingpao Group, and perhaps in another two or three years, it will be able to completely acquire Mingpao Group.
Chapter completed!
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