Speaking of Shi Yuzhu, he was definitely a legend in the IT industry.
He became famous very early. In 1984, he was admitted to Zhejiang University's mathematics department. In 1991, he set up Giant Corporation and launched the Chinese card. It was a hit and he quickly became a millionaire. Later, he launched the well-known health supplement brand, Brain Gold. Shi Yuzhu earned his first 100 million.
With the help of the local government and his personal will, Shi Yuzhu set an even bigger goal.
He wanted to build the Giant Building.
Unfortunately, the Giant Building consumed a lot of funds. Most of Shi Yuzhu's funds were taken away by the Giant Building. In addition, there was a problem with the safety test of Brain Gold. Shi Yuzhu's Giant Building became an unfinished building. At this point, Shi Yuzhu was in debt of 250 million and became a deadbeat in the eyes of others.
Even so, Shi Yuzhu did not give up. After a period of silence, he came out of retirement again.
This time, Shi Yuzhu brought a product that shocked the country — — Brain Platinum.
Yes.
It was the Brain Platinum that did not accept gifts this year. It only accepted Brain Platinum as a gift.
Brain Platinum achieved unprecedented success. On this foundation, Shi Yuzhu developed a series of products such as "Golden Partners". In the end, he paid off his debt and walked to the peak of his life again.
If there were no accidents this time, Shi Yuzhu would get rid of the health supplement brand and start the IT industry according to the route in his previous life.
Moreover, he set up Giant Corporation again in his previous life and launched a far-reaching online game — — Journey. In addition, Shi Yuzhu also invested in Net 51 while operating the online game.
But now, it seemed that Shi Yuzhu was different from his previous life. His first entry was Net 51.
Chen Yu recalled the memories of Shi Yuzhu in his mind. He met this legendary figure in Shanghai.
He did not look much different from his previous life. Shi Yuzhu had a buzz cut and looked a little honest.
However, those who knew him knew that this seemingly honest man had a very strong personality.
Since he launched Brain Platinum, one would know that Shi Yuzhu's business philosophy was very different from others.
"Hello, Senior. I am Chen Yu."
It was the first time they met. Chen Yu greeted Shi Yuzhu first.
Shi Yuzhu, who had been sizing up Chen Yu, was a little surprised. "You are also at Zhejiang University?"
"No."
Chen Yu shook his head. "I studied at Shencheng University."
"I see."
Shi Yuzhu suddenly understood.
That was right.
Shi Yuzhu's undergraduate degree was from Zhejiang University, but his master's degree was from Shencheng University. He majored in software engineering.
This reminded Chen Yu of the reason why Li Biqing had tricked him into studying at Shencheng University.
True enough.
Although Shencheng University's ranking was not high, it was very pragmatic.
Just look at Shi Yuzhu. Even though he hadn't reached the peak of his previous life, he was now worth hundreds of millions.
In Shi Yuzhu's previous life, Shi Yuzhu's net worth had exceeded 100 billion RMB.
"Boss Chen hasn't graduated yet, right?"
"Not yet."
"No wonder …"
Regarding Chen Yu's invitation to meet, Shi Yuzhu was filled with excitement and nervousness.
Although he had become famous much earlier than Chen Yu, everyone knew that Chen Yu had the final say in the Internet industry.
Although 51net had achieved a certain level of success, it was nothing compared to Huanyu Technologies.
"Senior, why did you decide to go into the Internet industry and not the health supplements business?"
"The health supplements business is good, but after so many years, I have been scolded a lot."
"Hahaha …"
Chen Yu laughed. "This is the case in the health supplements business. However, I have also been scolded a lot in the Internet industry."
Now, Huanyu Technologies was the most scolded on the Internet.
As for why, it was because Huanyu Technologies had too many businesses.
Each business had tens of millions of users. Even if only one-tenth of them were to scold you, it was still extremely terrifying.
"However, Senior, there is actually not much potential in purely doing the Internet business."
"What do you mean?"
"I took a look at your website, 51net. It is similar to a blog. However, it is different from a blog. Its positioning should be for young people to make friends. It should be a social business … "
In a few words, Chen Yu explained the positioning of 51net.
This made Shi Yuzhu feel helpless and impressed.
Helpless because Shi Yuzhu thought that his 51net was taking a different route from other websites and should be able to succeed.
Impressed because he did not expect Chen Yu to see through their route at a glance.
If he were to snipe them, 51net would probably be destroyed.
Thinking of this, Shi Yuzhu's back was covered in cold sweat.
Of course, this was not all.
In his previous life, countless people had already figured out social networking. Chen Yu continued, "This is a website that seems to have a lot of potential, but there is a problem with the website's profit model. Advertising and membership services alone cannot make up for the website's operating costs. "
"Boss Chen has a good eye."
Shi Yuzhu nodded. "There is a certain degree of difficulty in making profits, but I believe that there will be a lot of changes in the future."
"No one can say for sure what the future will be like. If you want to talk about the future, take our Huanyu Gateway as an example. Since the establishment of Huanyu Gateway, we have been losing hundreds of millions every year."
"So much?"
Shi Yuzhu was a little surprised.
"I also want to reduce it, but the cost is unimaginable."
Of course, there were actually a few sub-channels in Huanyu Gateway that made money.
For example, the car channel.
However, the most expensive part of Huanyu Gateway was the current affairs news on the front page.
For this piece of news, Huanyu Technology had spent a lot of money.
Even so, in terms of current affairs news, they were not doing as well as Shin-Lang.
There was no other way. They could only work hard.
However, the time spent working hard was money every day.
As for the advertising fees, that bit of advertising fees was not enough to cover the server's consumption.
As for Chen Yu saying so much, it was naturally not to talk about their friendship with Shi Yuzhu.
He said so much just to fool Shi Yuzhu.
A gaming genius like him should not be involved in social networking. He should be involved in online games.
However, it was clear that Shi Yuzhu was not so easily fooled. Seeing that Shi Yuzhu did not believe him, Chen Yu used NetEase as an example. "Senior, it's not just Huanyu Gateway. You can look at NetEase. Although NetEase is also one of the four major portals, they are not making much money. There is only one portal that can make money, and that is Shin-Lang. As for Sohu, their performance is average. You can look at their financial reports every year. Senior, you can go back and study them. "
Although he said he was fooling, he could not make things up.
Chen Yu's fooling had always been a mixture of truth and falsehood.
For example, Chen Yu wasn't lying about the problem with the portal.
The major portals were not making much money now. Even Shin-Lang, which was profitable, did not make much money.
"Then, Boss Chen, what do you think is the most profitable aspect of the internet?"
"Very simple."
Chen Yu said. "Online games."
"Let's talk about NetEase first. NetEase's income from online games is more than ten times that of the portal."
"Also, Shengda, Jiucheng, and the others did not specialize in the internet in the past. They do not have any internet technologies before this. Shengda's Chen Tianqiao does not know about the internet, and Jiucheng's Zhu Jun does not know about the internet. But they know games are very profitable. So, they created online games, and both of them are listed in the US. "
"As for Huanyu Technologies …"
Chen Yu did not know what to say.
Huanyu Technologies is not listed, and they do not need to announce their annual reports.
But Huanyu Technologies is not listed, and it is the most profitable online game company in China.
After saying so, Chen Yu stretched out a finger and said, "We should be able to earn this amount this year."
“100？”
Chen Yu added a number. "100 million."
(End of chapter)
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