The connotation of later generations was born and 12 years old, but it was just a separate APP, the originator of short videos, specializing in editing spoofs and funny content.

At its peak, the number of users of Confucian jokes exceeded 100 million. If it were not for the single content and could not be transformed, then there would be no Kuaishou in the short video field. In the rise of Douyin in later generations, Confucian jokes played a crucial role in Toutiao. Douyin's algorithm and early users both came from these two APPs.

In this life, Toutiao’s platform has matured. If you place the connotation jokes directly on this platform for incubation, the speed will be much faster.

Due to the popularity of smartphones and the cost of using traffic is too high, the short video field is unlikely to explode at present. However, if you only focus on the market in the WiFi environment, there is still a large market for connotation jokes.

Moreover, one of the strategic weapons of Toutiao is preloading. If the user really likes videos in a certain aspect, preloading can preload more than a dozen or even dozens of videos in advance based on the size of the user's mobile phone memory under WiFi, so that even without traffic, it can provide services to users.

However, this matter is not that easy. Video processing, backend construction, and traffic diversion all take time. For Toutiao, who has no experience in this area, it will definitely require another team to be formed, and it may take some time to go online.

What is most important at present is naturally Quxin's second financing.

As Zhong Guangwei released the information, Quxin was preparing to make a second financing, and countless venture capital investors rushed over like wolves seeing sheep.

If Quxin raised its first financing, venture capital firms from all parties just hope that Quxin could interfere with Tengxun's normal development and gain a little bit of benefits based on social interaction.

But now, with Quxin launching Moments and establishing an unprecedented cooperation model with Meituan, this not only allows Meituan to gain enough market, but also allows Quxin to gain traffic in the group buying market.

This model shocked a group of senior Internet investors. Only online traffic has been used to attract offline traffic, but Quxin's model this time is to convert offline traffic into its own users.

This operation is outrageous!

What’s even more outrageous is that Teng Xun can’t replicate this model. As an online traffic giant, Teng Xun’s traffic is more than ten times higher than the entire Toutiao company, but offline, Teng Xun is just a scumbag!

QQ group buying can't even handle a deep sea market, and I want to acquire Lashou.com, but such a big deal can't be completed so quickly. In addition, the group of shareholders of Lashou.com don't care whether Teng Xun is anxious or not. The more anxious you are, I will quote a high price, and Teng Xun is not cruel to be slaughtered.

As a result, on one side, new social software is rising rapidly, while on the other side, social monopoly giants are unable to fight back in time.

Perhaps Tengxun believes that he is just two or three months late. After acquiring Lashou.com, he will definitely be able to easily surpass Quxin with his own traffic and the offline channels he has opened.

But for outsiders, Teng Xun's temporary abandonment is the best time for Quxin to occupy the market. It is difficult to determine in the future, but it is very promising now.

In this case, as long as it is a venture capitalist, they are optimistic about Quxin. For venture capitalists, their definition of success is to obtain a higher return on investment. As long as Quxin is willing to raise funds, there are too many people who are willing to give money.

As a popular celebrity, Quxin naturally has the ultimate choice. Others are asking for capital for financing, but Quxin is the opposite.

Although Alibaba, Baidu and Sequoia Capital were also introduced in the last financing, the total ratio was very low, and the three companies divided the total amount by 10%. Now that Quxin has raised funds again, they are naturally more willing to invest again.

Other venture capital investors, such as Jinshajiang Venture Capital, IDG, SoftBank,..., and even Goldman Sachs and Merrill Lynch sent people to Shanghai with the intention of getting a share of the pie.

Quxin's team naturally copes with venture capital from all parties. Ten days after Quxin and Meituan's team promoted in 27 cities, Quxin officially announced that the number of users exceeded 20 million, surpassing WeChat, and becoming the third largest social software with mobile users second only to Fexin and mobile QQ.

At the same time, the PC software launched by Quxin also has an installation capacity of more than two million due to its number advantage on the mobile terminal.

As soon as this news came out, it aroused the attention of the entire Internet industry. Quxin made everyone really pay attention. This is a social software that has seized the trend of mobile Internet. In the competition with Teng Xun, Teng Xun cannot gain an advantage with its huge number of QQ users.

Venture capitalists are even more enthusiastic, and the valuation quotes are also rising. The highest Sequoia Capital directly quotes the valuation of the first $1.5 billion in financing.

However, Quxin is naturally not in a hurry. At present, capitals from all sides are still fighting to try to get Quxin's ticket. However, the arrival of an uninvited guest made Zhou Yujie have to come to receive him in person.

"Mr. Li, I haven't seen you for three months, so I'm fine." Zhou Yujie personally came to the company's door to greet him.

The person who came was Li Yanhong, CEO of Baidu. As the head of Baidu among the three giants of Bat, Li Yanhong came to Shangshanghai and was accompanied by at least a deputy mayor. However, this time Li Yanhong suddenly visited and came directly to the headquarters of Toutiao Company after getting off the plane.

Li Yanhong smiled and said, "I am still like that, but Mr. Zhou's career is getting bigger and bigger now."

Three months ago, when the two met again in Yanjing, Zhou Yujie could only say that he was a dark horse in the Internet industry. Today, three months later, Zhou Yujie set off a free subsidy war for group buying websites, occupying major cities with the trend of blaming Gula. At the same time, Quxin also grew rapidly in this process, with the potential to threaten Teng Xun, the overlord of the social field.

"Please, it's quite hot in Shanghai these days." Zhou Yujie said with a smile. It's already June, and Shanghai has started to get hot. Under the sun, you can still feel the hotness of the skin.

Li Yanhong and his team also visited the headquarters of Toutiao Company. Today, Toutiao and AppTrea only walked around. Li Yanhong and others were obviously more interested in Quxin and went around Quxin's office area for a long time.

When he returned to the office, only Zhou Yujie and Li Yanhong were left. Obviously, Li Yanhong came to Shanghai not to just visit the headquarters of Toutiao Company.

Li Yanhong asked bluntly: "Mr. Zhou, to be honest, the achievements are really beyond my imagination for Quxin's current situation. However, the Internet industry has become a game of capital now.

If it is a new industry, entrepreneurs may still rise, but Quxin is doing social interaction, which is the foundation of Tengxun. Even if Mr. Zhou, you are currently one step ahead of WeChat with some creativity, in the long run, Quxin lacks sufficient funds and traffic behind it.

Even if it is financing, it is impossible to gain this advantage, because Tengxun is too powerful, not only QQ traffic, but Tengxun itself is also a part of the capital now.
Chapter completed!