On the day Supor broke the issue price, a message suddenly appeared on the Internet, and the registered users of Qingshan Forum exceeded 3 million, and the daily active users exceeded 300,000.

The news did not cause any fluctuations. Today's Internet, forums are just a niche market. Not to mention the three major portals, they are not even the second echelon.

QQ is definitely incomparable. A slightly inferior UC, which has exceeded 80 million registered users in less than a year after its launch, and the highest number of online users exceeds 600,000. Compared with this, Qingshan Forum is really too niche.

Outsiders didn't care, but Chen Qiaoshan was extremely excited and the plan was first effective.

In half a year, Qingshan Forum has accumulated millions of users from scratch, which is already quite amazing at present.

Chen Qiaoshan is very confident, it is only a matter of time before he can catch up with Tianya.

As the market gradually declines, it is only a matter of time before the bottoming out and rebounding. This is a rare golden period in the Chinese stock market and a once-in-a-lifetime opportunity to buy at the bottom.

At the same time, web2.0 is approaching, portals have begun to weaken, and social network services are gradually emerging.

Chen Qiaoshan knew that it was the last hot spot before the mobile Internet. If you missed it, it would be a pity.

Rebs once said that even a pig can fly when standing at the wind.

Chen Qiaoshan doesn't think so. There are countless Internet people in Zhongguancun, and only a very small number of professional coders can fly into the sky.

There is a distance between reality and ideals. Entrepreneurship is to struggle above reality and under ideals, while success is just a low-probability event.

Chen Qiaoshan wanted to seize the opportunity, but he lacked funds. Although he still had several million, this amount of funds was really not enough.

Chen Qiaoshan knew in his heart that the forum market was about to usher in fierce competition, and burning money was inevitable.

As expected, Chen Yizhou will acquire Maopu in full, and Tianya will also receive technical and financial support from Google, which will make Qingshan Forum sandwiched between the two quite embarrassing.

Chen Qiaoshan also thought about looking for financing, but he had no connections or background, and the prospects of the product were unclear. The possibility of getting a large amount of financing was basically zero. After considering all this, he made a decision.

...

Jia Yinan reacted very quickly. On the same day, news of Teflon coating containing carcinogens was reported, which was beyond the scope of finance and quickly attracted widespread attention.

At the same time, NetEase suddenly issued a revenue warning, and the announcement stated that NetEase's wireless revenue and personal customization business profits will decline significantly in the second quarter.

At the beginning, the news did not attract people's attention until Chen Qiaoshan intervened.

This is an opportunity and the last straw that broke the camel's back.

Shortly after the news was released, a new post appeared in the financial version, "Beware of intensifying competition in online stocks, causing the industry to collapse"

In the article, Chen Qiaoshan analyzed NetEase's warnings. He boldly stated that overseas investors had lost confidence in the text message market. NetEase chose to release negative news at this time, and was accused of suppressing its competitors.

This is basically a troublemaker. Of course, Chen Qiaoshan is not without reason.

No one in the circle knows that in two days, Skynet will be listed in the United States. As the article says, NetEase is firing at Skynet, so the news about this matter will be a bit loud.

Kongzhong.com was established in March 2002 and obtained an Internet content provider license in April. It became China Mobile's first content provider in May. It went to the United States for IPO in 2004.

It took only two years and two months from the establishment to the launch of the company, creating the record of the shortest time spent on listing by Chinese companies on the Nasdaq. Zhou Yunfan also became the youngest boss of a listed company in China.

In the mouth of Qiaoshan, Beijing University, NetEase is putting in trouble and actively slandering the SP business. This will definitely be a fatal blow to the Skynet, because they have no other projects except wireless value-added and MMS services.

As for NetEase itself, its focus has long shifted, its grand rise has attracted attention, and the success of Fantasy Westward Journey has also allowed NetEase people to find the right profit points.

After all, this is just a speculation. Some people in the industry have noticed it, but no one takes it seriously.

As for the parties involved, they were either Internet portals or wealthy newcomers, and the reaction was surprisingly consistent. No one paid attention to Chen Qiaoshan's posts, a local forum, and what he did.

But things are often so incredible. That night, the US stock market opened and Chinese online concept stocks plummeted.

Among them, NetEase took the lead, with its stock price plummeting by 11.75%, Sina fell by 10.18%, and Sohu fell by 5.33%. The only thing that was spared was Shanda, which mainly engaged in game business. Since it did not involve SP business, the stock price rose instead of falling, rising by 1.69%.

When the news came back to China, many people realized that what was said in the post was true. These companies were all cheated by NetEase’s self-destruction.

Thinking of the articles from Qiao Shan of Peking University, NetEase immediately became the target of public criticism.

First of all, Sina couldn't sit still. She had to provoke anyone and did nothing, and her market value evaporated by one tenth, which was naturally extremely annoyed.

A Sina vice president said in an interview that he agrees with Peking University Qiao Shan's view that NetEase released negative news at this time, just to suppress its competitors.

The TOM, which was also deeply affected by its stock price plummeted, responded stronger online, and issued a public statement condemning this irresponsible behavior. It also bluntly stated that NetEase's early warning may make overseas investors lose confidence in the domestic Internet industry.

Internet giants have expressed their opinions repeatedly, and they are quite stormy, but NetEase remains silent from beginning to end.

Immediately afterwards, an explosive news suddenly spread. In view of the negative impact of NetEase's financial report warning, Kongzhong.com was forced to make a decision to postpone the listing date and postpone the day of listing in the United States for one day in order to reduce unnecessary losses.

NetEase finally couldn't sit still, and Boss Ding personally clarified that he had not maliciously destroyed the market. The reason for issuing a performance warning is that the shareholder structure is mainly foreign investors.

Because of the fraudulent financial report, NetEase almost delisted from Nasdaq in 2001.

This financial warning completely follows international common practices. Who knew that he was a big hat by Peking University Qiao Shan, and Boss Ding was also very wronged. He swears: "Peking University Qiao Shan's remarks are irresponsible. NetEase has not given up its SP business plan, nor has it the intention to suppress its competitors. We reserve the right to pursue legal responsibility."

As soon as the news came out, the market became lively again. NetEase and Qingshan Forum were no match for the same order of magnitude at all. The entire studio was panicked. This was a disaster. Without making a penny, the former richest man was targeted by the target.

Wang Sifeng was very anxious. Kang Sheng was in a lawsuit with Sina. He was still in the cross-examination stage and was involved in NetEase again. Chen Qiaoshan thought the chaos was not big enough.

After waiting for two days, NetEase didn't have any further information. I thought the matter was over, but it turned out to be a mistake.

Skynet delayed its IPO for one day, but still failed to escape the crisis.

Air Network issued 10 million shares this time, with an issue price of US$10, which was the lowest point of the pricing range, with an opening price of US$10.25. It broke the issue shortly after the opening, and fell to US$9.75.

The news of the break of the issue of the Skynet was sent back to China late at night. All parties who were closely watching the progress of the matter were worried. Everyone realized that the crisis of Chinese stocks was coming, and under pressure, all parties were planning a self-rescue plan.

On July 11, Qiangu Group issued an announcement to the public that it had acquired Maopu.com with full capital and reached an agreement with Microsoft, and Maopu officially became an MSN partner.

On the 12th, NetEase broke out big news, Sohu and Sina competed for the Tianya community quotation, and the two portals competed for community forums were exposed.

Overnight, Internet people were shocked to realize that the originally niche forum has become the target of capital.

The most embarrassing thing is the Qingshan Forum. It was originally in full swing, but it was trampled by Maopu and Tianya Community.
Chapter completed!