Nanjing new media building property

If you want to find a veteran with legendary experience in the Internet industry in China, Zhang Chaoyang is definitely one.

/kloc-he was admitted to Tsinghua at the age of 0/7, and went to MIT to study after graduation. 1996, when everyone didn't know what the internet was, he returned to China with venture capital and founded Aitexin Company.

1998, ATTEX launched Sohu.com, and in 200 1 year, Sohu was listed on Nasdaq, becoming the first Internet company to be listed in the United States.

After that, Zhang Chaoyang became the star and big coffee of domestic Internet entrepreneurship. When he gave an online speech in Shenzhen, the young horse could only sit under the stage. Li Yanhong's new book "Zhang Chaoyang" is a contributing editor and has written a preface for the book.

In the first decade of the new century, Sohu and Zhang Chaoyang had unlimited scenery. Whether it is sogou, the game or Sohu Changyou, it has become the pride of Zhang Chaoyang. Sohu even won the business of official website in the Olympic Games, and Zhang Chaoyang became the cover figure of fashion magazine, as dazzling as a star.

However, in the second decade of the new century, Sohu began to fall behind. Before the end of this decade, someone has been asking: Is there any drama in Sohu?

No one dares to give an accurate answer. But Sohu's performance is silently telling something.

On August 5th, Sohu released the unaudited financial report for the second quarter of 20 19 as of June 30th, 2009. The financial report shows that Sohu's total revenue in the second quarter was $475 million, down 2% year-on-year and up 65,438+00% quarter-on-quarter. The non-GAAP net loss attributable to Sohu was $50 million, compared with $49 million in the same period last year.

Affected by the lower-than-expected financial report and the "Black Monday" of the US stock market, Sohu's share price plunged more than 26% at the close of the day, closing at 8.92 US dollars, with a market value of only 356.5438 billion US dollars.

The fall frightened Zhang Chaoyang. At the media communication meeting of the financial report on August 6, Zhang Chaoyang said, "Yesterday, the gun went off and the global economy was in a state of panic. Investors overreacted in panic and chose to sell, so they didn't have the patience to look at this quarter's financial report data. " He also predicted that "the stock price will come back tonight."

However, it backfired. On Tuesday, US stocks closed, and Sohu's share price fell slightly 1.57% to $8.80, the lowest since June 2003 16 years, with a market value of only $345 million.

345 million dollars, what is this concept?

Ma Hua Teng, who listened to Zhang Chaoyang's speech in the audience, currently manages Tencent's market value of $4,665,438+400 million, and Sohu is less than one thousandth of it. At that time, he left the bar in a hurry on the grounds of "hard work", leaving Ma Yun who worked hard with Zhang Chaoyang. Alibaba, which he manages, has a market value of $4,098.90, and Sohu is not one thousandth of it. Even Baidu, which has the lowest market value in BAT, still has $34.89 billion.

Then compare it with an image example. According to the report of National Business Daily, in 2006, Sohu used 30% of its cash reserves to purchase some properties of Beijing Weixin International Building (now Sohu Network Building) located in the core area of Wudaokou, together with the naming rights of the building and 10 parking spaces, involving an amount of * * * 277 million US dollars. According to industry estimates, the current price of this building is around 3.4 billion yuan (500 million US dollars).

In other words, the current market value of Sohu is not as good as the price of Sohu Building.

Why did Sohu come here? In an interview with Yang Lan, Zhang Chaoyang once said that he was inflated. After making money, he "nourished my vanity and self-expansion." On the surface, I am still modest, but in fact I am very inflated. This arrogant scale is not available to celebrities and stars around me. "

Since 2008, Zhang Chaoyang once became a shadow CEO, busy reading books, listening to music, doing yoga, climbing mountains and running, and almost all company affairs were taken care of by several executives. Even in the evening, he refused to work because he wanted to go to the bar to sing and attend a party. He doesn't see people related to his work, and he doesn't even return the text messages of executives.

Although aware of his own problems, Zhang Chaoyang is still very confident. This confidence can be seen when he took over the interview with China Entrepreneur magazine:

Zhang Chaoyang also said that he now works more than ten hours a day and sleeps no more than four hours. He does many things by himself, hoping to do well.

Now that Sohu's market value has fallen again and again, investors' confidence has long been thrown outside the cloud nine. I wonder if Zhang Chaoyang's self-confidence and ten hours' work every day can get Sohu out of the predicament and push himself to the forefront again?