Shanyi: The thought of joining Eschde is to judge the future trend of application market

Absrtact: Compared to Baidu's 1.9 billion dollar acquisition of 91 wireless shock, a-share listed companies Eschde and Jifeng September acquisition agreement did not get too much blessing, or even was accused of too much of the sale. After a few days of silence, Jifeng Network CEO Shanyi recently received

Compared to Baidu's 1.9 billion dollar acquisition of 91 wireless shock, a-share listed companies Eschde and Jifeng September agreement did not get too many "blessings", and even was accused of too much "cheap". After several days of silence, Jifeng Network CEO Shanyi recently accepted Tencent technology interview to talk about the deal, said the most sacrifice is the interests of investors.

Shanyi points out that the option of selling at this time is primarily about team interests and company values, and the introduction of new resources to do much more. For early investors, it's time to quit. The thought of joining Eschde is to judge the future trend of application market.

Shanyi that 3-5 years from the third-party application market may not exist, a truly independent application store is difficult to survive. Jifeng to seek greater development space, we must find a way, alongside on the "rich" after Jifeng no doubt can go better.

"The future application market will have 3 kinds of roles, the first is 360, Baidu, Tencent, these big players competing for the entrance." The second category is mobile phone manufacturers, who have the capacity to influence the occupation of mobile internet portals. The third category, the channel wholesalers and retailers represented by Edersch, will become the third block of the future mobile internet entrance. ”

In Shanyi's view, the channel business value is underestimated, has not exerted its potential. Take Edersch, for example, the number of mobile phones per month reached millions of units, which means that at least tens of millions of of the year's mobile phones are sold from Edersch channels. Such a large sales capacity, coupled with the Internet experience of the Jifeng network, can be transformed into the love of the mobile Internet access control capabilities.

Shanyi said the road is not necessarily successful but worth a try, and once it succeeds, it can even contend with 360 of the flow. "My choice is to maximize the value of the company." I am the biggest shareholder of Jifeng NET, if the future thing is made, I also made the quite big sacrifice. I also advised investors, investors did a certain degree of benefit to give up, to achieve cooperation. ”

However, the sale of the Jifeng network is still too much to be questioned by the outside world. The overall valuation of the Jifeng net is less than 500 million yuan, which is far from the 91 wireless 1.9 billion-dollar valuation. And Eschde on the day of the announcement showed that as of July 31 this year, Jifeng assets of 33.32 million yuan, net asset of 23.43 million yuan; 2013 1-July, Jifeng net operating income of 35.8676 million yuan, net profit of 7.79 million yuan.

Jifeng Network also with Eschde signed a rigorous gambling agreement. The agreement stipulates that Eschde through the appropriate means to Jifeng to provide loans of 40 million yuan, while the Jifeng network is committed to 2014, 2015 and 2016 net profit growth rate of 100%, 30%, 30%, 2014, 2015 and 2016 commitment net profit of 40 million yuan , 52 million yuan and 67.6 million yuan.

Why do you accept such harsh conditions?

Shanyi that 91 wireless is a relatively high valuation of the case, 91 wireless sales in the process, Baidu, Tencent, 360 are involved in bidding to promote 91 wireless prices soar, but this price reflects not 91 wireless real value, but everyone to its prospects.

"We are not a ' cheap ' jifeng net. Shanyi stressed that 91 wireless more is the sale of assets, the highest bidder, Jifeng network and Eschde is a cooperative relationship, Jifeng network in the future for a long time still dominate the company's operations. In addition, the Jifeng net and the Eschde transaction is actually the exchange stock, after the transaction completes, Shanyi will become one of the big shareholder which the German company shares.

Of course, for the Jifeng net today, Shanyi or flow show regret: Jifeng is not "rich second generation", can not be like 91 wireless access to the net Dragon Money investment, and can not be like peas and pods to obtain innovative workshops and Kai-fu Lee (micro-BO) support, attract enough talent. and Jifeng PC-side program for a variety of reasons has not been launched.

Shanyi laments that Jifeng's entire team has grown no faster than expected, and that the market has grown so fast over the past 3 years.