Internet is on the rise again

The Internet is on the rise again. Don't waste any crisis. Don't be too late. As long as you are full of confidence, it's never too late to enter the market. The charm of China lies in the speed of rapid development, the charm of the Internet lies in the high imagination space, and the charm of China's Internet lies in its high speed and sex appeal. You can't help but dislike it.

Know that opportunities and crises coexist. In 1993, the last century of mankind, the White House on the other side of the ocean started online service. The United Nations quickly followed up. Officials looked at each other, wondering what was the difference between online service and telephone service.

The Internet is the future, and it appears quickly in newspapers and TV. After his father completed the legislation of the interstate highway bill, Vice President Al Gore of the United States publicized the information highway everywhere.

With the resurgence of the Internet, many start-up American companies, besides the word technology, have to build a BBS on their home page. Small companies are eager to add. com to their company names.

China's reform and opening-up is not idle either. On April 20th, 1994, a 64K international dedicated line connected Zhongguancun with the Internet, realizing the first full-featured TCP/IP connection between China and the Internet.

In 1995, it became the beginning of the global Internet business, and it started a prosperous year. In January, China Telecom General Administration opened two 64K Internet nodes in Beijing and Shanghai through Sprint Company of the United States.

Microsoft released Windows95 in the United States, and dared to be the first Internet giants in the world, such as Netscape, Yahoo, AOL, Amazon, Craigslist, eBay, etc., just like the Eight Immortals crossing the sea.

With the advent of the Internet era, there will be money when people are popular, and capital with a keen sense of smell is ready to move. All kinds of investment institutions have come out one after another, staring at the Internet figures and elites one by one.

1. On August 9, 1995, Netscape browser was listed on NASDAQ, priced at $14, and soared to $71 after the opening. Five million shares were snapped up, and the closing price exceeded $58;

2. In 1996, Yahoo was officially listed on NASDAQ. In less than one year, the stock price increased by 64 times, with a total market value of 45 billion dollars.

This unprecedented operation of God is really unprecedented. The company that was founded less than two years ago has not yet made a profit, which has caused Wall Street, a financial mecca, to go crazy and caused the whole world to go crazy.

Many professional investors take out high-power magnifying glasses and can't see this emerging industry that doesn't rely on traditional policy arbitrage and relationship rent-seeking. Why is the stock price so high? The problem is that the model may deceive people, but soaring stocks can't be faked.

Oh! The entertainment industry that was originally provided for idiots, scientists and typists will eventually become a bubble. The good news is that you will become a millionaire, and the bad news is that everyone will become a millionaire.

With the resurgence of the Internet, the Internet bubble and dreams are flying together, and the biggest legal wealth-making movement in this century has begun. No investors will evaluate Internet technology companies with positive cash flow, and returnees, businessmen, geeks, VC promoters, etc. are all involved in the torrent of China's Internet.

These educated youths, who were born in China, studied in the West, and are compatible with eastern and western cultures, have used Internet thinking to break through the boundary of competition and integration between China and the West, and have grown rapidly in the tide of reform and opening up.

In 1996, Zhang Chaoyang left ISI to establish Aitexin, Ding Lei founded Netease in 1997, Ma Huateng founded Tencent in 1998, Wang Zhidong founded Sina in 1998, and Li Yanhong launched Chinese search engine in 2000.

At the end of 1996, Zhang Chaoyang got $225,000 in angel investment from Robert and Bond, only $170,000 when he arrived. He founded Aitexin Information Technology Co., Ltd. in Delaware, USA, and spent $20,000 to save a server, which was placed in the backbone network of Beijing Telecom and managed by it.

In April, 1998, Zhang Chaoyang's Aitexin Company won Intel, Dow Jones, Morningstar, IDG, etc., with the second venture capital of more than 2.2 million USD, and the company was renamed Sohu Company.

Zhang Chaoyang's Sohu became the first Internet company established by overseas venture capital in China. The company's operation mode is foreign capital direct investment, overseas registration and domestic operation, which solves the big problem of where the money comes from.

For a long period of time, independent foreign capital, including foreign-funded enterprises and individuals in China, are prohibited from entering the ISP and ICP industries in the postal and telecommunications industry, and mainland Internet enterprises, when listing on NASDAQ in the United States, have to pass through the Ministry of Information Industry and China Securities Regulatory Commission.

On July 1, 1999, Wang Zhidong's Sina was ready to go public in the United States. According to the Securities Law, Internet companies with foreign investment background must be approved in advance for overseas listing.

The Yugoslav Embassy incident occurred in May, and China and the United States started WTO accession negotiations in October. China's telecommunications were closed, including foreign investment in the Internet and related policies.

1. China does not allow foreign capital to enter the Internet;

2. Listing in the United States is actually the introduction of foreign capital;

3. Listing must have the concept of Internet.

Divide the Wang Zhidong company into three parts, the main body of work is domestic companies, which are not listed, but American companies which are listed, and do not do network business. A new Beijing Sina Internet Information Service Co., Ltd. is registered as ICP, and then a joint venture Sina Interactive Company is registered.

The advertising revenue earned from doing websites in China goes to Interactive, and other income technical support fees are transferred to Sitong Lifang. The two companies went to the United States for listing. Sina was the first of the three portals to get the approval of the Ministry of Information Industry and the exit green card of the CSRC.

The Internet is booming again. On April 13th, 2000, Sina was successfully listed on NASDAQ in the United States. On July 5th, Netease logged on NASDAQ. A week later, Sohu also got the last pass of PC era.

Foreign capital+American concept+Chinese market+local transformation+American listing, quickly copying American business model, quickly localizing, winning users, earning income, then listing in American capital market, and then developing after financing.

The portal and search engine are like a key, which helped the early Chinese netizens to open the door to the Internet and set off the first wave of wealth freedom on the Internet. The problem is that Microsoft's anti-monopoly and Enron scandal overlapped, and the 9/11 incident made the Internet worse.

As many as 500 NASDAQ listed companies in the United States have gone bankrupt, 71% of them have negative profits, and 51 companies will run out of cash within 12 months, including Amazon, China Stock Exchange Sina, Netease and Sohu, and their share prices have fallen below $1.

Profit-seeking financial capital is a double-edged sword. Taking advantage of people's danger, the Federal Reserve increased the interest rate from 4.75% to 6.5% six times, giving the Internet industry a head-on blow and letting the world see the cruelty of capital.

Winter has arrived, and you have to survive. On November 10, 2000, China launched Monternet Mobile Monternet. Internet companies continued their lives by games and mobile Monternet. The three portals successfully turned over, and online games ushered in a blowout and peak.

In 1997, there were more than 600,000 netizens in China, and in 2003, there were 80 million netizens. There were more and more stories about the rebellion of diaosi, the collective carnival and the sinking of the Internet. While SARS was in danger, it was pregnant with opportunities. Ma Yun's e-commerce platform took the lead.

1. At the end of 2003, the Chinese companies that survived the first wave of the Internet were all companies that devoted their greatest efforts to a certain field and gained a leading position:

2. News portals of Sina, Sohu and Netease, instant messaging of Tencent, online games of Shanda and Ninetowns, wireless value-added of Tom, KongZhong, Pocket Smart, Baidu's search, B2B of Alibaba, Ctrip's travel, worry-free recruitment, etc.

The Internet is on the rise again. At the end of 2004, the United States launched web2.0, which made the Internet once again the new favorite of established investors. Social networking, e-commerce, search and games became the core of China's Internet, and the three major Internet portals suddenly withdrew.

In 2005, the P2P concept led by Skype, the online community led by MySpace and Facebook, the video platform pioneered by YouTube, the local life information sharing platform represented by Craigslist, and the three-dimensional virtual community presented by Second Life.

Every small innovation of the Internet in the United States will be learned, borrowed and even imitated and followed by people in China. The doctrine of "take-in" is quickly localized locally, and when it sees the fire in the United States, it is copied, called copy to China, to find its connection point with the market.

The Internet is on the rise again. In 2007, Jobs released the world's first iPhone, and released a song "Boulevard of broken dreams" with two fingers, announcing the coming of the mobile Internet era.

In 2008, when Sohu was still addicted to being the exclusive agent of the Olympic Games, the world's first Android phone HTC G1 was quietly released, and the wave of mobile Internet and the subprime mortgage crisis in the United States swept through.

In 2010, China's Internet products faced a transformation. In March, Google's withdrawal closed down Google.cn, and the Internet instantly became a local area network. Baidu was the only company, which announced the end of the American search era.

In the era of mobile Internet, it is called the battle for mobile phone screens. Any new APP is a commercial extension based on functions such as mobile phone hardware expansion, which is likely to affect the core traffic allocation mechanism of the platform.

From the beginning of the new century to the present, new business models such as portal, search, games, social networking, e-commerce, group buying, sharing, and O2O have emerged one after another, laying the foundation for the future Chinese Internet business model.

This wealth-making movement, based on local docking with the West, has produced enough information billionaires and intellectual elites, turned ordinary people into public figures and industrial idols, became the internal impetus of Internet innovation in China, and once again became a national carnival movement.

At the beginning of 2010, there were only 500 VCs/PEs in China, but the number has soared to 4,000, and 6.69 trillion yuan has been invested in the primary market. 6.69 trillion yuan is nearly twice the GDP of Beijing in 2020 and more than four times that of Hangzhou. It is a miracle to create one with hot money.

The development of the Internet is a story of subversion and subversion, a new king and an old king, and even a story of burning money. It originated from Groupon, a group buying website in the United States, and spread the group buying trend to venture capital in China, with over 5,000 startups doing group buying.

With the resurgence of the Internet, overwhelming advertisements, positional warfare and tug-of-war swarmed. Until 2014, there were only 176 group buying websites, with a mortality rate of 96.5%. After the end of the Thousand Regiments War, only the US group won.

As the O2O business is difficult to make profits, take-out has become an important growth point. The battle-hardened US Mission and Hungry launched a life-and-death shopping campaign. This off-site selling war lasted for three years, and the US Mission became the winner again after the Thousand Regiments War.

From 2013 to 2015, the domestic OTA market led by Ctrip, Qunar and eLong was in flames of war. In October 2015, it agreed to merge with Qunar. After the merger, Ctrip will own 45% of Qunar.

I went on stage after you sang a song, and spent money like water. Didi burned up 2 billion in 4 months, but it topped the list with more than 22 billion dollars in financing. Seven companies, Didi, Kuai, Uber China, Yizhi, UCAR, Shouqi Travel and Cao Cao Travel, raised more than 27 billion dollars in the primary market.

The sharing economy was completely annihilated, and the bike-sharing War was vividly remembered. There are still 10,000 customers queuing for deposit refund. 138 unmanned retail businesses have vicious competition, high losses, supply chain defects, and finally chicken feathers. In 2018, the P2P industry has ebbed.

The flagship, breakthrough time and place education has been sought after, causing a battle for traffic, source of students and price. The double reduction policy has been implemented, and the education and training industry has been completely annihilated. Internet giants have been buying in the community, competing with small vendors for customers.

Capital accumulation, population growth, technological progress, higher efficiency, rapid entry, occupation of the head, loss-making growth, making the volume the first on the track at the maximum speed, and becoming the sunflower treasure book of the big factory.

Focusing on how ordinary people can participate, speak out and interact, big Internet companies have completed a closed-loop business of selling tickets, watching performances and charging fees. From the three old Internet portals, to the giant BAT, to ByteDance, Meituan, Didi and Pinduoduo, there is a super player.

The three old Internet portals and BAT Big Three have completed the connection between people and information, people and goods, and people. Internet giants have moved information, people, goods, services, logistics, capital, etc. to the Internet.

Around people, information, goods and services, big Internet companies have launched the sharing economy war, car-sharing war, OTA war, O2O and other wars, and seven super unicorns, namely ByteDance, Meituan, Pinduoduo, Aauto Quicker, Didi Chuxing, Xiaomi Group and Weilai Automobile, have been born.

The Internet is on the rise again, and in the information age of big data artificial intelligence, the Internet keeps lowering the threshold for participating in interaction, from first-tier cities to fourth-and fifth-tier cities, sinking into the vast rural areas, and users gradually spread from young adults to the elderly and children.

Slogan is bigger than action, concept is bigger than technology, from the omnipotent Taobao, to the omnipotent Weibo, and finally to the omnipotent circle of friends. The so-called solo music is not as good as all music, and all music is not as good as sharing happiness with the people. In order to make us have fun all over the world, Internet manufacturers have broken their hearts.

With the rapid development of the mobile Internet, Internet manufacturers have racked their brains to mine and accumulate the data of users' mobile phones, select a certain sensor function of smart phones, and take innovation as the starting point to make mode changes in a certain field.

Chinese Internet was born in the Asian financial crisis in 1997, ushered in the dark moment in the Internet bubble in 2000, survived the SARS in 2003, ushered in the big blowout in 2005, and was affected by the subprime mortgage crisis in the short glory in 2008.

In 2010, it just got a foothold, but it was forced to merge in the capital winter of 2015. In 2020, the COVID-19 epidemic suddenly struck, and the global science and technology supervision became stricter. The Internet industry took 30 years to complete the 70-year road of the traditional industry.

The Internet is on the rise again, the market is highly concentrated, the giants monopolize, the financial attributes are obvious, the technological innovation is weak, the terminal integration is surplus, and the vertical extension is insufficient. What kills an industry is never the anti-monopoly and policy supervision, but the technology wave rolling forward.

The new wealth story lies in technological innovation. The story of mobile Internet is the innovation of business model, not the great change of technology itself. China, with a population of 1.4 billion and the second largest consumer market in the world, provides a broad stage for all kinds of technological innovation and application.