16th January 2006.
Huanyu Technologies reached an agreement with Tudou and Kuliu to acquire them.
Although Tudou and Kuliu did not want to be acquired, they had no other choice.
If they were not acquired, they would end up like Youku. Their traffic would plummet by more than 90%.
Not only that, if Huanyu Technologies was more ruthless and reported them using their real names, the founders of these two companies might be in trouble.
Although Huanyu Technologies seemed to have shown mercy to Youku, no one could be sure.
Getting out of this situation safely and getting a small portion of the acquisition fee was already the best arrangement.
Of course.
This was to prevent the founders of Tudou and Kuliu from setting up a new website after selling their websites.
Huanyu Technologies had also signed a non-competition agreement with them and gave them a certain amount of compensation.
The non-competition agreement meant that after leaving the industry, the founders would not be allowed to work in the same industry for a fixed period of time.
This was for their safety.
The internet might seem huge, but if one wanted to break it down, there were only a few people coming and going.
Just like Youku's CEO, he was actually from Sohu.
There were very few people who could make a name for themselves in this industry.
With these people in control, it would be difficult for outsiders to enter the industry.
"Boss Chen, we have finally settled the matter. But the acquisition fee and non-competition compensation are a little higher."
"This amount is nothing. In a few years, you will see that it is not even enough to cover your salary for a few years."
"Boss Chen, don't scare me. Will my salary be so high in a few years?"
"Of course. I have never mistreated anyone."
The internet industry was developing too fast.
The more the internet developed, the higher the salary of the industry's employees.
For example, it was normal for a business manager to have a salary of 100 million to 200 million a year.
In Feng Yu's previous life, the founder of WeChat, Zhang Xiaolong, had a salary of 300 million a year.
In Feng Yu's previous life, the CEO of Apple, Cook, had a salary of 100 million to 200 million USD.
Of course, it would be scary in today's world.
But in the future, it would be scary too.
But compared to the value of these people, it was normal to have a salary of a few hundred million.
… …
"Brother, we will be in Shencheng soon. Shouldn't you reveal some news now?"
"Didn't I tell you that you will know after the conference starts?"
"Brother, you're really … I can't wait any longer. Besides, the press conference is starting tonight. Telling me now doesn't count as revealing trade secrets. "
"This isn't a trade secret. But now that I've said it, it's meaningless. Just like the Super TV launched by Huanyu Technologies at the end of last year, it's just a TV box. It's that simple, but the impact it has on the market is sensational. "
"Brother, the more you talk, the more I look forward to it."
Huanyu Technologies' TV box was a huge innovation.
If Shi Congtang had not been concentrating on PC, he might have wanted to get involved in TV.
However, this was just a thought.
However, he knew that the competition in the television industry might not be smaller than that in the computer industry.
In particular, the LCD screens above 50 inches were still in the hands of some giants. If they wanted to enter, they would definitely be restricted.
If you don't want to be controlled by others, then learn from Huanyu Technologies.
Let's start with the LCD panel production line and invest about 100 billion RMB. There's still hope.
But 100 billion RMB? Not to mention Asustek, no mega company would be able to make such a decision.
Therefore, since Shi Congtang rejected Chen Yu last time, he had been asking himself if he had done wrong.
This time, he came to Shen City to find an answer to this question.
"Mr. Zhenrong, welcome to Shencheng."
"Boss Chen, you said hello to your brother, but I came without saying hello. Don't tell me you don't welcome me."
"You're welcome, Mr. Shi. I'm just too surprised. I can't wait to invite you to Shencheng."
"Congtang, I told you. Chen Yu is not a stingy person."
In 2006, Chen Yu was very busy after the beginning of spring. After reaching an agreement with the major video websites, he invested in a new business.
This new business was the all-in-one TV with Hongji. He had to prepare for the press conference.
In order to promote the press conference, the founder of Hongji, Shi Zhenrong, came to China.
As the host, Chen Yu came to the airport early to pick him up.
He didn't expect Shi Zhenrong to bring Asus' Shi Congtang.
Lenovo remembered that Chen Yu went to Tai City to see Shi Congtang. Chen Yu couldn't help but smile.
"Hahaha, brother, when I came to Tai City, Boss Chen wanted to see me for the first time."
"I know you're cocky, but you didn't take the opportunity."
"Yes, is it too late for me to regret?"
"I don't know. You'll have to ask Boss Chen."
Chen Yu was stunned as he listened to the two of them talk.
However, Chen Yu did not fully believe the words of the two CEOs.
They were both big bosses in the PC industry. One was the world's second largest PC brand, and the other was the world's third largest PC brand.
Their every move had a huge impact on the global PC industry.
However, Chen Yu didn't completely believe what they said.
Otherwise, why would Shi Congtang come to Shencheng?
Moreover, it was at such an important time.
"Mr. Chen, the Super TV that you have recently launched has really caught everyone's attention. It's too innovative. I didn't expect a TV to have the same functions as a computer. "
"Mr. Congtang, you're too kind. It's just a TV box. There's no technical content."
"Technical content isn't a big deal. As long as you put in the time and money, you can make it. But often, a product like this is not something that others can think of. Anyway, I didn't think of it. Brother, what about you? "
"Why are you asking me? If I had thought of it, I would've released the Super TV first. Why would I wait for Chen Yu to make money?"
"Hahaha."
For a moment, the three of them laughed. Then, Chen Yu and Wu Haijun led the two CEOs to the hotel that had been arranged previously.
Tonight, there was going to be a huge PC product launch.
6 PM.
There was still an hour until the press conference.
However, the Shencheng Hilton Hotel was already crowded with reporters.
"Damn, why are there so many colleagues today?"
"Of course. Huanyu Technologies is launching a new product. It's normal for so many colleagues to come."
"It's not just Huanyu Technologies, there's also Hongji. The two companies are collaborating. This is big news."
"That's right. So, it's not just us in China. There are also reporters from Tai City and some foreign media. "
The press conference hadn't started yet, but the reporters kept talking about it.
Although Huanyu Technologies hadn't been in the PC industry for long, everyone could see their capabilities.
First, they launched a netbook with Shenzhou. Then, they launched a gamepad. Then, they launched the Huanyu operating system that challenged Microsoft.
Then, they launched the C series processor with Tai City.
Although the total number of units sold was not large, and there was still a big gap between them and traditional PCs, their capabilities were not to be underestimated.
Hongji, who was collaborating with Huanyu Technologies, was even more powerful.
As the third largest PC brand in the world, this alone was enough to show their influence.
One was a traditional PC company, and the other was a representative of the new and innovative PC industry.
One old and one new. What kind of chemical reaction would happen when the two of them cooperated? The reporters were looking forward to it.
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