On the morning of November 20, 1994, Qualcomm developed a technology, Li Zetian was overjoyed and went to the company to inspect.
"Mr. Li, you see, this is the wireless local area network communication technology wifi developed by us. The effective short-distance coverage can be within 50-100 meters, if there are no obstacles..." Qualcomm CEO Dr. Erwin Jacobs Li Zetian was brought to the laboratory, and he explained and demonstrated the function of wifi.
Li Zetian nodded secretly, nodded very satisfied and smiled: "Well, yes, it's better than I thought!"
Dr. Owen Jacobs laughed: "Of course, there is still a lot of room for improvement in wifi, and we are confident that we will develop a more powerful wifi."
Li Zetian smiled and did not doubt the strength of Qualcomm.
"Have you applied for a wifi patent?" he asked.
"Certainly applied!" replied Dr. Owen Jacobs.
"Well, the key now is to promote the wifi standard!!!" Li Zetian said, "The promotion of the wifi standard is inseparable from the support of other companies. Qualcomm can cooperate with Galaxy Networks to develop wifi wireless routers, and at the same time, cooperate with Apple. The company, Mango Computer and other computer manufacturers and Microsoft have cooperated to develop wifi wireless laptops!"
Qualcomm does not have its own factories and is an intellectual property (IP) provider, similar to ARM.
Therefore, Qualcomm did not make its own wireless routers. In addition, the router was originally monopolized by the Galaxy Network, and the wifi wireless router is produced by the Galaxy Network Company, which is naturally the most suitable.
Dr. Owen Jacobs smiled and said, "Mr. Li, I am planning to do this!"
Li Zetian nodded, and immediately asked about the development of CDMA.
At this moment, a research institute in Australia is also developing wifi, which will be a formidable rival of Qualcomm.
Under the very active leadership of Li Zetian, Qualcomm, Galaxy Network, Apple, Mango Computer, and Microsoft gathered together to discuss cooperation matters.
With the help of Qualcomm, the development of wireless routers and wireless laptops will become very easy.
And Li Zetian also believes that with the support of so many powerful companies, establishing a wifi standard should not be a problem. By then, even if Australian research institutes roll out their own set of wifi standards, it won't catch on.
…
Soon, 1994 passed without knowing it. By the end of December, there were more than 100,000 new Internet companies in the world, which is simply jaw-dropping.
During this period, some other Internet companies were listed on Nasdaq, and the market value was quite high, far exceeding the value of the website itself, which led to more people's fanatical pursuit of Internet companies, and even lost it completely. Rational, almost blind.
Of course, there are still some cautious people secretly surprised, worried that this will be an alternative tulip bubble!
However, this kind of voice is pitiful, and the Internet is on fire right now, and it can be said that it is a general trend, and no one will follow the advice.
January 10, 1995.
QQ registered users reached 29.5 million.
For such a long time, Tencent has been burning money, losing 15 million US dollars a year. buy and sell.
Even Time magazine made sarcastic remarks.
However, at this time, Tencent finally made the most powerful counterattack against these public opinions.
Tencent held a press conference, attended by dozens of telecommunications companies and mobile phone manufacturers, including Sprint, MCI, AT&T, Apple, and Nokia.
"Hello everyone, welcome to Tencent's press conference. Recently, due to Tencent's serious cash burn, it has caused doubts in the industry, and many people even concluded that Tencent will go bankrupt sooner or later! Haha, I want to say, I'm sorry, Far from going bankrupt, Tencent will become a great company, a Fortune 500 company!!" the CEO of Tencent said loudly.
"Chronos Li once said that in the Internet age, traffic is money! This sentence can be called a wise saying!"
"QQ software has nearly 30 million users, and the daily traffic is huge! Many people ridicule Tencent for its inability to make a profit. In fact, we have already found a profit point, but in order to attract more users, we did not immediately Take action. Now that QQ software dominates the instant messaging market, the time is ripe…”
"Now, I will solemnly introduce the profitability of QQ software to everyone!"
"Tencent will launch QQ members and value-added services. All paying users can be called QQ members and enjoy value-added services. Value-added services include QQ level acceleration, increase in the maximum number of QQ groups, QQ shows, and top rankings..."
"Everyone, please look at the big screen, the new version of QQ software will present these value-added service items for you one by one!"
Following the explanation of the CEO of Tencent, there was an uproar in the audience.
"Damn it, I also satirized that Tencent didn't find a profit point before, but I didn't expect Tencent to come up with such a wonderful idea!!! QQ membership and value-added services... I have to say, it's really amazing!!!"
"There are almost 30 million QQ members. If only one-tenth of the people pay, there are also 3 million! Oh, God, isn't Tencent making a lot of money!"
"Hungry, QQ membership is not permanent yet, it has to be renewed every month... This Nima, the losing Tencent company can figure it out, it will be too profitable~~!!"
"… "
The audience was noisy, and there was a lot of discussion.
The employees of Tencent are now very proud. Didn't you joke that Tencent is a money loser? How are you doing now? Dare to say we are losing money? Hmph, I don't even think about who founded Tencent. Chronos Li is such a genius, can his company lose money
The CEO of Tencent squeezed his hands and signaled everyone to be quiet. He said proudly: "This is not enough, Tencent's profit points are more than that!!!"
"Tencent has other ways to make money?!!"
When everyone heard this, they were shocked again.
They already feel that Tencent's profit-making method is awesome, and they really can't think of any other way.
At this moment, the CEO of Tencent invited representatives from Sprint, AT&T, Apple, and Nokia to the stage.
Everyone looked at them, puzzled.
"What's going on here, why did Tencent call them on stage?"
"Sprint and AT&T are telecommunications companies, Nokia is a well-known mobile phone maker in Europe, and Apple is only a manufacturer of personal computers. In the last two years, it has also been involved in mobile phones, beating Motorola to become the world's largest mobile phone maker. ... Tencent wants to install the QQ software into the mobile phone!!!" At this time, the very shrewd people in the audience had already guessed Tencent's idea.
"Hello everyone, next I will focus on introducing Tencent's biggest profit-making method - wireless value-added services!!! As you can see, there are telecom companies and mobile phone manufacturers on stage. Sprint, AT&T and other telecom companies will jointly form Monternet, the jointly built mobile Internet platform WAP, is supported by mobile phone manufacturers such as Apple and Nokia. The qq software will be added to Monternet, and telecom users can choose to open WAP on a monthly basis or pay by traffic for mobile Internet access. In other words, mobile phone users can use QQ software on mobile phones in the future!"
"This is Tencent's wireless value-added business. We charge a portion of the fee from the telecom company. The more users with monthly subscriptions or data usage, the more Tencent will earn! According to statistics, the total number of users of GSM and CDMA mobile phones is 3,000. More than 10,000. However, with the improvement of manufacturing technology and the reduction of material prices, mobile phones are no longer expensive, and its popularity is very fast, and it is expected to exceed 50 million!”
After listening to the introduction of Tencent's CEO, everyone couldn't help but take a deep breath. Tencent actually used mobile phones to expand the number of users and influence, and even made a lot of money from it! God, who the hell came up with such a brilliant idea! ! !
At this time, people are not only shocked, but also shocked!
Tencent is still awesome, it's really a blockbuster.
And being so patient... Just to break out at this moment, I slapped everyone in the face.
Experts and professors were silent.
The keyboard warrior is defeated.
The media opinion changed immediately.
The next day, when all QQ users log in, the software will be automatically updated.
The new version of qq has more functions and is more interesting than the old version of qq.
The number of users who have become QQ members has increased by 530,000 in just one day.
The monthly fee for qq membership is $2, which is neither expensive nor cheap. European and American users have strong spending power, and this amount of money is nothing.
A month later, QQ members reached 9 million, which is equivalent to earning 18 million US dollars. This is the first month's income, and there will be more QQ members in the future. If you count the wireless value-added business, Tencent's annual revenue is afraid to exceed 1 billion US dollars.
Tencent is making so much money. When the people on Wall Street looked at Tencent, their eyes were red, and they all wanted to invest in Tencent, but it was a pity, because Tencent is Li Zetian's company, so they don't need their investment.
Wall Street really loves and hates Li Zetian.
Once Li Zetian's company goes public, they can make a fortune. However, the company he created, Wall Street did not even want to make a profit before going public.
At this moment, Wall Street's valuation of Tencent has suddenly increased from $23 billion to $30 billion, which shocked many people.
Inside Tencent, I don't know who accidentally spread the news that Li Zetian came up with the design of QQ and those wonderful ideas.
For a time, everyone was shocked by Li Zetian!
There is a lot of discussion on the Internet, and it is even more inexhaustible.
Li Zetian felt a cold sweat while looking at the comments of netizens.
"I wipe!!! Someone wants to open my head and see what's inside... How can Chronos Li be so smart?!"
"Who am I to provoke me~~~"
Li Zetian is very innocent, but he really has a sense of crisis in his heart, thinking that he has performed so well, will he be regarded as a guinea pig? His sister, in the future, you will have to hire some bodyguards when you go out.
It seems that it will be more low-key in the future.
Come on, you've made a lot of money on the Internet, it's time to focus on investing in other industries. This year is already 1995. In two years, the Southeast Asian financial crisis has broken out again, and there will be opportunities to make money in the future. The amount of money on hand is terrifying. Only crazy investments in high-tech can be spent.
In fact, Li Zetian worked so hard to make money because he was afraid of lack of funds for scientific research in the future.
Li Zetian looked at Dongfang Yuqin and said, "Yuqin, count how much cash the Umbrella Company currently has in reserve."
Dongfang Yuqin was stunned for a moment, "Mr. Li, has there been any big move recently?"
"Yeah!" Li Zetian nodded and said, "I want to set up a super nuclear energy laboratory, a super solar energy laboratory, a super nano laboratory, and a super new material laboratory!"
In terms of energy, Li Zetian has a "global power company", originally called Hong Kong Electric Company, which integrates power generation and power supply.
Breakthroughs in nuclear and solar labs could drive the growth of power companies around the world.
Especially in the super nuclear energy laboratory, Li Zetian naturally hopes to develop nuclear fusion technology in his lifetime! !
At that time, there will be no shortage of energy on the earth, and nuclear fusion can also be applied to the aerospace industry, so interstellar long-distance travel will not be a problem.
Dongfang Yuqin nodded and said, "Okay, I will immediately order financial statistics."
"Um."
Because of Li Zetian's wealth, it will take a long time just to count.
Two weeks later, Dongfang Yuqin took a piece of data and put it on Li Zetian's desk.
"Mr. Li, the property data is completed, please take a look."
Li Zetian took the document and looked at it. Heck, he didn't know if he didn't read it. When he saw me, he was frightened. It turned out that I was already so rich!
This data statement is very complicated, because the huge cash reserves of the umbrella company are not only stored in the bank, but most of the funds are used for various investments.
Investing, of course, is money and money.
The more than one trillion US dollars earned by the Soviet Union was basically useless. Over the years, the investment income and the dividends of Li Zetian's company added up to an astronomical figure.
"Mr. Li, the members of the family office have calculated all your current worth in detail, and it has exceeded 5 trillion US dollars! The umbrella company has invested a lot of real estate, bonds, stocks, funds, etc., which can be called in a short time. There are 300 billion US dollars in funds!" Dongfang Yuqin said slowly.
5 trillion US dollars, this is really rich!
As far as Li Zetian knows, many of his careers are still in the early stages of development, and in a few years, their worth will not exceed 10 trillion US dollars.
Let's just say Li Zetian's investment in China. With China's development and growth, his assets have increased dozens of times!
Crazy, Li Zetian was almost crazy with joy!
Set a small goal, Madd, make $10 trillion by 2000! ! !