Who would still start a business seriously after being reborn?

Chapter 380 Money Makes a Man Courageous (First of Four Updates!)

Tencent also went down this path back then, but their financial strength was too weak at the time, with revenue of less than 3 million yuan and net profit that was terribly low.

With such financial strength, issuing Penguin Coins at a 1:1 ratio carries the risk of cashing out. Furthermore, after their funds ran into trouble, they attempted to issue Penguin Coins as bonds, which led to an emergency halt by relevant authorities.

It wasn't until Tencent's assets reached 50 billion that Penguin Coin was truly paved and became a payment currency that could circulate throughout the entire Tencent ecosystem.

Now, Momo Group's assets have reached a scale that allows Momo Coin to become a payment currency.

This is just a payment currency, a form of security for payment, and it is fundamentally different from virtual currency.

Virtual currency is a currency generated using blockchain technology that has no real value.

Payment currencies, on the other hand, are tokens with a certain amount of real value, similar to phone credit cards.

The security of MomoCoin is the responsibility of Sen and others, and is subject to the supervision of Handong Commercial Bank. Unless there is internal theft, MomoCoin will not have any problems.

Nevertheless, Cheng Yi still established a special group supervision department, headed by Huang Wenrong, to specifically control the direction of Momo Coin in order to prevent problems from arising.

Now everything is ready, and we're just waiting for the right opportunity.

By September 1st, universities began to reopen one after another, and the computer labs and surrounding shops were basically cleared up during the month-long holiday.

The hygiene and management of the university computer labs are entirely the responsibility of the external relations departments of each school. The surrounding shops are full-time salespersons hired by Ji Yubing and his team. The main reason why Cheng Yi is not interested in Ji Yubing's business is that Ji Yubing's business is too big.

The speed at which this project squeezed out funds was astonishing. Even with the support of the Handong University Industrial Group, Ji Yubing and his team were still struggling to make ends meet.

However, these issues have little to do with Xiaonei.com, since Xiaonei.com's shareholding in the third-tier company is very small. Even if the company eventually collapses financially, it will not affect Xiaonei.com itself.

On the morning of September 2nd, Cheng Yi, along with Du Yusheng and a group of management personnel, arrived at the international airport early.

Zhang Chaoyang and others are coming today.

The opening ceremony of the competition is tomorrow morning. They came early for two reasons: first, to sign the cooperation agreement, and second, to attend the opening ceremony tomorrow.

Since Lianzhong Games entered Momo Internet Cafe, its monthly revenue has increased by 34%.

This improvement is already quite remarkable for the internet industry.

After all, the biggest problem in the internet industry is the instability of income. You might earn four million US dollars this month, but only one million US dollars next month.

After integrating with Momo Internet Cafe's channel, Lianzhong Games saw a significant improvement in both online and paid user numbers.

In particular, the resolution of the payment issue gave Lianzhong Games a feeling of being reborn from the ashes.

Connecting Momo Internet Cafes to their platform was not a simple task; they needed to create a new payment system to integrate with the software.

In contrast to software, websites are much more cumbersome.

The website does not need to modify its core, but it does need to add a member database.

They must open a third-party login portal to Momo Group, allowing Momo members to log in to the website using their Momo accounts.

Opening third-party login ports actually poses a significant risk: user leakage.

Once users get used to logging in with their Momo accounts, then the proprietary membership registration systems of companies like Xinlang and Souhu become useless.

Once you're on the Momo Group's pirate ship, it's extremely difficult to get off.

However, Zhang Chaoyang and the others have already come to terms with these things.

They now need to solve the problem of monetizing traffic; they can't keep relying on advertising for revenue.

The current state of the internet is that everyone supports each other, raising tens of millions in funding. Then, I advertise here while you advertise there. It seems lively, but in reality, it's always the investors who lose money.

In the end, this path of domestic sales will ultimately be nothing more than a bubble.

At 10:30 a.m., Zhang Chaoyang arrived first.

Cheng Yi gently raised his hand, and immediately a hostess presented Zhang Chaoyang with flowers, followed by enthusiastic applause.

"Mr. Zhang, welcome, welcome." Cheng Yi quickly took a few steps and shook Zhang Chaoyang's hand.

Seeing the welcome ceremony prepared for him by Momo Group, Zhang Chaoyang wasn't particularly moved, but he still felt a sense of goodwill.

For Momo Group, a multi-billion dollar industrial conglomerate, to treat him, the owner of a bubble company, with such courtesy was far beyond Zhang Chaoyang's expectations.

Zhang Chaoyang smiled and said, "President Cheng, you are too kind. I am flattered."

Cheng Yi laughed and said, "President Zhang is a godfather-like figure in the internet industry. Our Momo Group has just entered this field, and we still need President Zhang's personal guidance in many areas."

"No, no," Zhang Chaoyang said with a look of shame. "This internet really has no real substance."

"Come, Mr. Zhang, let me introduce you. This is Mr. Du Yusheng, the chairman of our Momo Group." Cheng Yi quickly led Zhang Chaoyang to Du Yusheng.

"!" Zhang Chaoyang was immediately startled.

He didn't expect that the chairman of Momo Group would come to greet him personally.

Du Yusheng is completely different now than he was a year ago. Some say that money can make women more beautiful, and similarly, money can make men more domineering.

Money gives men courage, and power gives them strength.

Having held a high position for a long time, Du Yusheng has developed the demeanor and manner of a successful entrepreneur.

As the chairman of Momo Group, Du Yusheng receives VIPs every day, such as leaders from various departments in Handong Province. Du Yusheng has had contact with almost all of them.

Du Yusheng was easygoing, overweight, and had a high alcohol tolerance. Coupled with his eloquence and shamelessness, he was incredibly successful in the upper circles of Handong Province. He even had a few godfathers.

Du Yusheng's godfathers all hold very important positions in Handong Province. One of them, who has been retired for many years, is a powerful figure who once reached the top in Handong Province.

Although I've been retired for many years, my words still carry some weight sometimes.

This is Du Yusheng's daily routine.

Drinking, chatting nonsense, and finding a godfather.

Du Yusheng reached out and firmly grasped Zhang Chaoyang's hands, smiling as he said, "Hello, Mr. Zhang. I've heard so much about you before, it's great to finally meet you in person. Tonight, let's drink until we drop!"

Zhang Chaoyang was surprised to find Du Yusheng so approachable. He was not good with words, and seeing Du Yusheng's friendly demeanor, he couldn't help but say excitedly, "I would be more than happy to have a drink with Chairman Du."

This is a dominant force in the IT industry of Handong Province.

Although they may look young, age is never a measure of status.

Gan Luo was appointed as a high-ranking official in the Qin state at the age of twelve. It would be ridiculous to judge a person's status by his age.

Du Yusheng used his signature "Trump-style" handshake, holding Zhang Chaoyang's hand tightly while facing the reporters' flashing lights, and said with a smile, "Mr. Zhang, you'll have to stay a while this time. Our Momo Group is really missing someone as insightful as you. Now that Sohu has integrated into our Momo Group's system, we're practically family. If your company needs anything, just say the word, and we'll provide whatever you need, whether it's money or manpower." This time, Zhang Chaoyang was genuinely moved.

If it weren't for the age difference, he would have loved to have him become his godfather.

Even a biological father wouldn't be this generous, would he?
Zhang Chaoyang's personality is such that the more excited he gets, the less he can express himself. He just looked at Du Yusheng with gratitude and kept grinning foolishly.

“President Zhang, our Chairman Du is a man of strong character. If you need anything in the future, you can always tell Chairman Du,” Cheng Yi said with a smile, standing to the side.

"Definitely, definitely." Zhang Chaoyang glanced at Cheng Yi with some gratitude, regretting that he hadn't come sooner.

If he had come earlier, why would he have had to go around looking for investment opportunities?

Du Yusheng released his grip and said to Li Xiang, who was accompanying him, "President Li, you're in charge of receiving President Zhang. He's a distinguished guest, and we can't afford to be negligent in any way."

"Understood," Li Xiang replied quickly.

Du Yusheng smiled and said to Zhang Chaoyang, "Mr. Zhang, this is Li Xiang, the general manager of our Glory Computer Company. He will take you on a tour of Glory Computer first."

"Honor computer?" Zhang Chaoyang's heart skipped a beat again.

These internet companies are all very interested in Honor Computer, which produces tens of thousands of computers per month. If we only consider production volume, Honor Computer's output is almost one-tenth of Lianxiang Computer's.

This output is already quite impressive. Although it can't compare to mainstream companies like Lianxiang, Langchao, and Tsinghua Tongfang, it's still definitely in the top five.

"Mr. Li, hello, hello." Zhang Chaoyang quickly walked over and shook hands with Li Xiang.

This is all thanks to Chairman Du's arrangement. If he had seen Li Xiang elsewhere, Li Xiang, with his status, probably wouldn't have even given him a second glance.

Li Xiang also acted very politely, smiling and saying, "Mr. Zhang, let's talk in the car."

"Okay." Zhang Chaoyang nodded quickly.

Du Yusheng personally escorted Zhang Chaoyang to the GL8 and helped him into the car.

I'm so moved, I'm so incredibly moved.

Sitting in the car, Zhang Chaoyang thought to himself: No wonder Momo Group is developing so fast. Look at the chairman's vision and demeanor.

Soon after, Cheng Yi and Du Yusheng received Wang Yan from Xinlang, Li Guoqing, founder of Dangdang.com, Bao Yueqiao from Lianzhong Games, and Li Yanhong from Qianbaidu Company...

Of the well-known internet companies, all but Shengda, NetEase, Tencent, Alibaba, and HC360 were present.

The gathering of more than a dozen internet giants in Jingzhou is already quite a newsworthy event.

The entire process was covered by major media outlets such as Handong Provincial Television and Jingzhou Daily, drawing the attention of many to the unremarkable Handong University Town.

Compared to the sheer size of the Momo Group, the Momo Building now seems rather cheap.

No one could possibly connect this few-story Momo Building with the Momo Group, which has assets worth billions.

However, upon seeing the Momo Group Industrial Park under construction nearby, everyone felt relieved.

Momo Group is developing so fast that it's understandable that their office facilities can't keep up.

The construction of Momo Group's industrial park is currently in full swing and is expected to be completed by the end of the year at the earliest.

Judging from the building's current framework, once completed, it will definitely rival the China Overseas Jinmao Tower.

At 3 p.m., Cheng Yi invited everyone to the conference room of Momo Group.

At the beginning of the meeting, Du Yusheng delivered a welcome speech on behalf of Momo Group. After the speech, the meeting officially entered the negotiation phase.

Since this involved the interests of both sides, neither side maintained their previous mild attitude and began to argue fiercely for their own benefit.

The most discussed issue is the sharing of user databases.

The common concern among everyone, including Zhang Chaoyang, is losing control of the database.

It appears to be a third-party access point, but only third parties can make purchases, which is tantamount to dividing registered users into different tiers.

This is similar to supermarket membership cards. One type of membership card only allows you to look at the products but not to buy them, while another type allows you to buy them. Normal users will definitely abandon the first type of membership card without hesitation.

Cheng Yi sat in the back row and quietly watched them argue.

Negotiations always require a process like this.

Once you've had a good argument, you feel better.

Once you feel comfortable, you'll be able to accept these unfair terms and conditions.

This is all part of the process; you'll get used to it.

Since these people were willing to come, it means they genuinely approve of this cooperation model.

Their struggle is futile, much like haggling over the price when you've already chosen the goods.

Does it make sense?

no point!
Once you show interest in buying the product, you've essentially closed the door to negotiating the price.

The same situation applies to the current group of people.

Their behavior is simply an outburst against the power of online traffic, but once the outburst is over, they still have to obediently jump into the bowl.

In this world, no one is ever at odds with money, and no one is ever truly uninterested in money.

Sure enough, the negotiations lasted for more than an hour, and in the end, everyone compromised.

With millions of users in Momo Internet Cafes and tens of millions of potential users on Renren.com, no one wants to give up their business.

Seeing that everyone had finally stopped venting, Cheng Yi walked onto the stage with a smile and said, "It seems that everyone has reached a consensus, which is very good."

Li Guoqing glanced at Cheng Yi and thought to himself: Cheng Yi my ass, we're just tired of arguing!

Cheng Yi chuckled and said, "Now let me explain our cooperation model in detail. The issue that everyone was most concerned about was the member database. To put it bluntly, we're all on the same platform. Does it really matter whose members they are? All members circulate through our Momo platform across all websites and software. It's a win-win situation for everyone. Isn't that great?"

Good? Good my ass! That was the unanimous answer in everyone's minds.

Cheng Yi said, "In fact, the most commendable aspect of the internet is the spirit of sharing. The internet is interconnected. Every time a user logs into a website, they need to register a new account and password. How much effort does that take? If everyone can use one account across all websites, wouldn't that be equivalent to everyone working together for development?"

Looking at Cheng Yi, who was talking so much, everyone really wanted to say: Since you are so energetic, why don't you share your member database with us?

(End of this chapter)