Text/New waves of opinion leaders column (Bkopleader)

What has happened in the last decade of a network of all people who have been sold, from a market value of $9.4 billion, “Facebook, China”, to a base of 60 million United States dollars ($20 million in cash + 40 million in stock) today?

On 14 November, a news emerged that could be said to have detonated the entire circle of friends and even, at the first time, became a microbolic search, in which the memories of one generation were sold. The company for All announced that it sold the social platform for everyone’s network with cash of $20 million ($139 million) and stock of $40 million, with the purchaser of the Beijing Multi-Counter Media Share.

What has happened in the last decade of a network of all people who have been sold, from a market value of $9.4 billion, “Facebook, China”, to a base of 60 million United States dollars ($20 million in cash + 40 million in stock) today?

One hundred million dollars per person

On 14 November, all companies announced the sale of all the assets of social networks for all. The announcement stated that its subsidiary, the Beijing Rubber Networking Science and Technology Development Ltd., had agreed to sell the assets related to the operation of the social platform for all in its business at a cash-to-money cost of US$ 2000 to the Beijing Multi-Counter Media Shareholding.

In addition, as part of the market value for the sale of the above assets, Infinities Technology (Cayman) Holding Limited, an Caymanian company set up solely as a buyer’s parent company, agreed to issue shares equivalent to $40 million to all companies on the basis of a mutually agreed value of 700 million buyer’s parent.

In addition, according to the Multi-Norean Interactive Media Shares Bulletin, the main assets of social networking activities related to everyone’s networks include everyone’s networks, live webcasts and related packages.

Of course, one of the details of the transaction was a source of concern, and according to the source of credit data, the parent company of the company, Beijing, is the third largest shareholder in Beijing, with a share of 11.59 per cent. Moreover, the owner’s show is also a director of many cattle interactions, so that the purchase is not necessarily, in a sense, a staggered seller, but potentially a capital operation.

The net income of the network as at 30 June 2018 was $135 million, up from 582 per cent. Of this amount, $122.7 million, or 90.89 per cent, was contributed to related operations such as retailing of second-hand vehicles carried out by Q2 in 2017. During the reporting period, net profits reached a shortfall of $166 million.

However, the company’s operating expenses during the reporting period amounted to $38 million, an increase of 92.6 per cent over the same period, and with the exception of stock compensation (share-based compensation expenses), second-hand vehicle operations also resulted in a sudden increase of 81.4 per cent in market marketing costs and nearly $10 million.

Even after the year in which everyone’s network had just been marketed in 2011, on 4 May 2011, when everyone’s network had been successful at 14 United States dollar prices in New York, the first day of market value had been shattered to $777 billion, the highest market value had reached $9.4 billion, and it seemed that $900 billion was imminent. However, it was a matter of urgency.

As at 13 November 2018, only $152 per unit was available for the network and $105 million for the total market value. What is the way in which today’s web of all people has been sold from its inception in 2008 to its sale in 2018, compared to the current year?

What has been the experience of a decade-long network of all people?

In December 2005, several university students from the University of Chianghua, the King of the University of Tianjin, the King, the Princess of Rice, the Princess of Rice and Tang Jiaxuan launched a network of school social platforms. No one will think of the throne of the super-consecution of the Chinese Internet among those who do not see it, but this is the latter. In October 2006, the inner network was acquired by a number of rubber-coated interactive groups, and the King threw cash to the story of the United States mission, which we said later.

At the end of 2006, the merger of the 5Q campus network and the in-school network of rubber-coated companies resulted in a first step towards universal access. Starting in 2007, the in-school network has been set up directly from three former high schools, Chiang Mai and North, to more than 2,000 high-level schools nationwide and 18 million schoolchildren. This data is probably not available and is now a relatively long one-size-fits-all bit of 1 billion users, but it is a miracle of the time when mobile Internet is not yet available and 5 yuan renminbi is only 30 M mobile flow, and can be tired by the then Internet leader, Grand Göten QQ.

On 4 August 2009, the inner network was changed to a network for all, followed by a network of people whose business model, like the American social giant, Facebook, and a new wave at the time, such as the extreme Twitter, became a social name for Internet socialization in China at that time, and people even believed that everyone’s networks and new waves would become bipolies for Internet socialization in China.

It is also true that this year’s network of people is worth mentioning, from 2009 to March 2011, when the users of the network have been growing continuously, with 117 million active users on the eve of the market. At the time, the door-to-doors of everyone’s networks were able to express their full commitment: “The in-school network has been profitable through brand advertisements, fee applications, cross-web cooperation … The in-school network has been the first to do, and many have established links here that are not intended to move”.

It is also true that, following the market opening in 2011, everyone’s network became the third largest Internet company in China with market value of up to 9.4 billion, after being called the third pound of the Chinese Internet in market terms.