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  1. Netease Ding Lei’s legendary experience
    Date: 2005-3-12 9: 12: 32

    When Netease announced its first quarter of performance in 2004, not many people will care about it Passed.

    In 2001, when Ding Lei was the most difficult and frustrated, NetEase faced the delivery, and the media was full of ruthless suppression and murder of Netease. Netease’s high -level chaos, the public confidence dropped to the freezing point.

    At that time, Ding Lei reminded everyone that do not focus on the internal problems of the Internet company. “I think everyone should go back and think about who can create the Internet in China today, Who is creating such a rich Internet service content, you can’t just stare at the scars on our body. “

    This he said.

    In August 2002, NetEase achieved profitability. By the autumn of 2003, NetEase reached its peak. After the resumption of trading, its stock price was high, up to $ 72, and Ding Lei himself won the richest man in the mainland with this.

    But behind this, Ding Lei has taken a section of unusual way. Netease’s agent CEO Sun Dexuan said that Ding Lei really used the network as a business to operate. Those who approached him said that Ding Lei had surpassed entrepreneurs. He was an extremely outstanding capitalist and a very smart businessman. Ding Lei’s wisdom is not only good at seizing opportunities keenly, but also particularly good at flying. When the stock price was optimistic, Ding Lei decisively sold 880,000 shares last year and cash out 200 million yuan.

    Ding Lei’s fellow, Shen Guojun, chairman of China Yintai said that the business of Ningbo people feels very good, and Ding Lei is the leader.

    It steps of the first step

    The first quarter NetEase announced its impressive performance, it is difficult to hide their pride.

    In financial statements disclosed, net profit achieved net profit of 104 million yuan in the first quarter of 2004, an increase of 15.5%over the previous quarter, of which online game revenue increased steadily to 100 million yuan (accounting for 53.48%of the total income of 53.48% ), Wireless and other services account for 30.32%.

    Tese chief financial officer Li Tingbin said: “NetEase’s good performance this quarter benefits from the strong growth of online games and online advertising revenue.”

    In 2000, it was no different from the vast.

    “All this stems from a good business feeling of Ding Lei’s ancestors.” A person who knows Ding Lei said.

    In July 2000, Netease was launched shortly after the listing, Ding Lei resigned as the chairman, hid in Guangzhou, and led a group of brothers to taste courage. One year later, he finally launched the online “Journey to the West”. Not only that, Netease also announced the introduction of South Korea’s 3D Q version of the online role -playing game “Elf”.

    Tiem CEO Sun Dezheng said that “Journey to the West” is now profitable. However, at the time, there were countless similar free MUDs for online game enthusiasts for online game enthusiasts. To do online games, they would undoubtedly hit Nanshan.

    , but Ding Lei succeeded.

    In August 2002, Netease took the lead in announcing profitability. In 2003, it achieved a profit of 323 million yuan and a net profit of 1.25 US dollars per share.

    It at the high point of NetEase’s performance today, analysts believe that this is related to the rest of the NetEase profit model determined by Ding Lei a few years ago. Inventory of Ding Lei, from the launch of the earliest free mailbox, Ding Lei brought together the most popular popularity of the Internet in China; when everyone pushed the free mailbox, Ding Lei earned the first bucket of gold by selling the free mailbox system. Essence The speed of listing with the Sina and Sohu competitions was stunned in everyone, and Ding Lei beautifully “went abroad” to pick the fruit of the development of China’s Internet.

    We every time he is almost one step. Whether he can say this, as an entrepreneur, he has already recognized a direction. Although the risk is not avoided, because of his good business, he finally obtained it success.

    The media recently said that the next step of NetEase’s work is to set up a network radio station, the investment will reach tens of millions of yuan, and it will recruit about 2,000 NJ (host of the network radio). Maybe this is another action of Ding Lei?

    It alternative “capitalists”

    Rather than being an entrepreneur, it is better to be an alternative capitalist.

    The total of Netease’s total share capital was 30.994969 million shares. After listing in June 2000, Ding Lei accounted for 58.5%, reaching 18.13.2057 million shares. In 2000, in the 50 richest people’s list in mainland China in 2000, Ding Lei ranked 20th with a net worth of $ 134 million.

    St afterwards, Ding Lei began to plan out of planning due to the incident of the Internet performance and the “misunderstanding” incident of NetEase’s financial report. According to exact sources, Ding Lei decided to sell NetEase to Hong Kong broadband. But the acquisition failed to do so for some reason.

    The analysts at the time said that NetEase was worth only $ 1.3 per share, which was the most worthless of the four portals. Therefore, the judgment at the time was that despite the Hong Kong broadband acquisition, NetEase’s way out was the only one -sold.

    It now, just looking back, more than just Sai Weng lost his horse, he is not blessed!

    The years later, NetEase “sparrows become phoenix”.

    After announced its profit in August 2002, its stock price started from US $ 2 in October and climbed all the way. Price, more than a thousand times.

    Ding Lei chose a chance. In May and June 2003, Ding Lei sold 880,000 NetEase stocks to the outside world. RMB. NetEase CEO Sun Dexuan explained: “This is a personal rational financial management behavior, marking Ding Lei from a mature entrepreneur to capitalist.”

    The news group selling NetEase stocks may also be a good note.

    On July 4, 2003, Murdoch News Group was sold to NetEase at $ 16.9 per share at the price per share. The closing price of NetEase on the day of the transaction was $ 37.63. Earlier, the news group was empty at NetEase’s stock, and at that time, the cash -cooked capital reached about $ 30 million.

    In Nasdaq when the NetEase stock was listed, the news group purchased more than $ 2.56 million in B series of B series for US $ 40 million. The price is $ 15.6, which is higher than the IPO price of $ 15.50.

    The news group investment for three years, at least $ 5 million. This is surprising.

    On May 6, 2004, NetEase’s closing price was $ 41.77, and its stock price in the past 52 weeks was between $ 23.75 and $ 72.00. In the next step, what will Ding Lei bring to investors?
    /class/gushi22/091416542

    Ding Lei: Chinese version of entrepreneurial myth

    In 1993, 22 -year -old Ding Lei graduated from Chengdu University of Electronic Science and Technology and returned to his hometown Ningbo became a staff member of the Telecommunications Bureau. If it is in the 1980s, Ding Lei, who is proficient in computers and programming, may be cultivated by the business backbone of the unit. After 10 years, you may not be able to evaluate a technical pacesetter or senior engineer.

    , but Ding Lei’s road did not follow the inertia of history. So, 10 years later, Ding Lei became one of the iconic figures of the Chinese Internet. On the 2003 “Fox” mainland richest list, the 32 -year -old young man became the first richest man in China.

    The possibility of Ding Lei in the era. If the young Bill Gates or Jobs provides an American version of entrepreneurial myth, Ding Lei adds a Chinese sample to this story that starts from a hand.

    of course, Ding Lei’s experience can be interpreted as knowledge to change destiny. However, it is the closer market economy change that eventually affects his life trajectory and makes it possible for entrepreneurial myths.

    The experience of the Ningbo Telecommunications Bureau, Ding Lei recalled it very hard. Two years after “hard work”, Ding Lei decided to resign. His decision was strongly opposed by his family. But in fact, around 1995, it is not uncommon for resigning to the sea or conspiracy. The employment system of traditional state -owned enterprises is under the impact of market forces under the new economic system.

    many years later, Ding Lei once described the feeling when he first arrived in Guangzhou: “There is no relative, the future is slim.” In the first few years in Guangzhou, Ding Lei has been doing technical work behind the scenes.

    Around 1995, the open China began to feel the heat of Wanwei.com. At the forefront of this market economy, Ding Lei realized the potential business opportunities of the Internet. About 3 years after Yang Zhiyuan founded Yahoo, in May 1997, Ding Lei registered the NetEase company in Guangzhou. In the same period, the people who devoted themselves to this boom include Zhang Chaoyang, Wang Zhidong, and so on. They may see a potential possibility -in mature business rules and market environments, the Internet is used as a cause.

    M: This may be provided by more open and more market -oriented China.

    Ding Lei’s financing comes from the venture capital of the Bay. According to the general approach of banks at that time, the prospect of NetEase’s profits was uncertain, and private small companies with no fixed assets could not expect bank loans.

    At that time, risk investment entered China for less than ten years, and NetEase was at the time. Unlike the traditional way of operation, Ding Lei needs a good business model this time. In June 2000, when NetEase was listed in Nasdaq in the United States, Chinese concept companies were not listed overseas, and the history of overseas listing was only for several years.

    . Although it was below the issue price of the market on the day of the listing, NetEase was described as “bleeding and listing”, but Ding Lei’s value was still estimated to be as high as US $ 220 million. From the founding of NetEase to a worth of more than 100 million, Ding Lei only took 3 years.

    a year and a half ago, Netease’s stock price once hovered around $ 0.5. Some people once described the stock in his hand as a pile of waste paper. On October 15 this year, Ding Lei also appeared on this day because of the rise in NetEase’s stock price. Ding Lei only used for 6 years from the start of the scratch to the richest man in China. This is obviously not a myth that can be born under traditional and traditional industries. (Edit: Li Lin)
    /weekend/tempdir/

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