Silicon Valley

Chapter 488 New Oriental (two chapters in one)

CNNIC is affiliated to the Computer Network Information Center of the Chinese Academy of Sciences, and is entrusted by the Ministry of Information Industry to manage the registration of the national domain name CN and Chinese domain names, which just forms a competition with 3721. But CNNIC said that the main purpose of their general URL specification is to protect the interests of users, and to compete for the initiative of the next generation of Internet address technology and the management of network names!

However, Zhou Hongyi knew that the public ridicule of CNNIC was nothing more than trying to monopolize this business in the name of its "authoritative organization" and pursue the best interests of commercialization under the brand of "non-profit organization".

Therefore, the contradiction between 3721 and CNNIC became more and more serious, and various lawsuits came one after another.

3721 was greatly challenged, and Zhou Hongyi was exhausted physically and mentally for a while. And Baidu did not stay out of the matter. Although both Baidu and 3721 were invested by Henry, Baidu formed an alliance with CNNIC to jointly attack 3721. The reason is very simple, if you hit the top bird with a gun, whoever called 3721 is so awesome, kill it first, and then Baidu will fight with CNNIC!

So, speaking of this, Li Yanhong's expression was a bit unnatural, 3721 was forced to sell to other companies, Baidu "contributed a lot"!

"Hehe..." Li Yanhong laughed twice, and said, "If this is the case, it would be a pity. Oh, by the way, Mr. Williams, what is the price for Time Warner-AOL to acquire 3721?"

"US$150 million... This price is indeed a good deal to eat China's huge Internet search market!" Henry laughed, "It's just a pity that 3721 is notorious, and Time Warner-AOL bought it, but it's just a hot potato. In the end, like chicken ribs, it’s tasteless to eat, but it’s a pity to throw away..."

"As long as Baidu strengthens product and technology development and strives to improve user experience, it will definitely make a difference in the future!"

Henry looked at the time and said, "Okay, that's it, I have to go to another place later, and I have already made an appointment with someone else!"

"Okay, then I'll see you off!"

...

After Henry left Baidu, he went to New Oriental Education Technology Company, which is also located in Zhongguancun. In fact, Henry came to Zhongguancun for New Oriental, and he went to Baidu just by chance. Baidu has an excellent team management team like Robin Li, and Henry is not worried that the wheel of history will go the wrong way!

New Oriental is China's largest and largest comprehensive private education and training group. The company's business includes foreign language training, elementary and middle school basic education, preschool education, online education, overseas consulting, book publishing and other fields. In the previous life, New Oriental was also the first educational institution in mainland China to be listed in the United States. The founder of the company is Yu Minhong, who met Henry at 12 noon for dinner.

When Henry came to the designated hotel, he saw a middle-aged man in a suit and a pair of black-rimmed glasses sitting near the window in the restaurant on the first floor. This person is Yu Minhong, a well-known figure in his previous life, Henry has naturally heard of him.

Henry walked towards him directly, "Hello, Mr. Yu Minhong Yu!"

"You are?" Yu Minhong looked at the other party, wearing sunglasses, speaking fluent Chinese, looking at himself with a smile, "Are you Mr. Henry Williams?"

"Yes!"

"Oh, please sit down!" Yu Minhong stood up and made a gesture of please. So Henry sat across from him.

"Mr. Williams, it is a great honor to meet you!"

"Where! You are too polite!"

"Mr. Williams, what do you like to eat, let's chat while eating!"

"I'm free, you order!"

"That's good, I happen to be familiar with this hotel, and I know which dishes are delicious!"

Henry smiled and nodded at him.

Education is the foundation of a country. Education can not only make money, but also cultivate talents. It is very good to benefit oneself and the country. Henry came to see the founder of New Oriental, and everyone knew that he was definitely going to buy New Oriental.

Education in Madagascar is backward and there are countless illiteracy. Of course, this is not the main purpose of Henry's acquisition of New Oriental Group. To solve the education problem in Madagascar, Henry has other methods. What Henry thinks is that New Oriental, as the largest private education group in China, is also a professional company for overseas consulting. If it promotes Madagascar in the school, or the school organizes a group to go to Madagascar directly. In this way, many students will be able to stay in Madagascar in the future. There are too many black faces in Madagascar, and relatively few whites and yellows. Henry needs to attract a large number of Chinese and whites to work and settle in Madagascar, and even get married and have children to increase the population of Madagascar!

The main language in Madagascar is Malagasy. If you want to work here, you must know a little Malagasy first. Therefore, the task of teaching Malagasy has to fall on the New Oriental Group. These Malagasy students will go to Madagascar in the future, and they will naturally bring Chinese there, which will play a huge role in promoting Chinese.

Of course, English is the most popular language in the world, and it is easier to learn than Chinese. Therefore, the official language of Madagascar will be mainly English in the future, and Malagasy and Chinese will also be the main languages ​​of Madagascar.

After a while, the dishes were served.

In order to take care of Henry as an American, Yu Minhong basically ordered Western food. In fact, Henry prefers Chinese food, followed by French food.

The two chatted while eating.

"Mr. Yu, how is the development of New Oriental?" Henry cut a small piece of meat and put it in his mouth, "I'll tell you straight to the point. Actually, I came here this time to invest in New Oriental. I think , New Oriental has the potential for development, and will become a giant in China's education industry in the future, and then go out of China and go to the world!

Education can change life, education can make a fortune!

I am also the principal of Williams College, so I am very happy to promote such a noble and great cause! ! ! "

Before Yu Minhong came to the hotel, he actually guessed Henry's purpose. As the saying goes, nothing goes to the Three Treasures Palace, not to mention Henry Williams' reputation and acquisitions are common. Since the other party asked me to meet, he must be interested in New Oriental Group. Therefore, Yu Minhong had already prepared himself, and he was not surprised to hear this now.

However, if New Oriental Group wants to grow rapidly, it naturally needs the support of funds. If we can become the richest man in the world, New Oriental will not only be the New Oriental of China, but the New Oriental of the world! ! !

Yu Minhong also intends to make the New Oriental Group bigger and stronger and become the top 500 in the world, otherwise he would not have come to see Henry.

"Mr. Williams thinks highly of New Oriental. I am very honored and welcome your investment." Yu Minhong said with a touch of excitement, "For the time being, we have successively established New Oriental schools in Beijing, Shanghai, Guangzhou and other places. Founded New Oriental Online in December 2011 to conduct distance education through the Internet!

At the beginning of 2001, New Oriental Education Technology Group was established, and New Oriental officially entered the development stage of an international and diversified education group! "

Henry heard that it was similar to the information he collected.

"So, what is New Oriental's future development plan?" Henry continued to ask.

"We plan to establish New Oriental schools in Wuhan, Tianjin, Xi'an, and Nanjing, and at the same time establish elite English learning centers to enter the high-end English training market, such as building Beijing New Oriental Yangzhou Foreign Language School..." Yu Hongmin paused, and said, "If we can get you investment, then our steps will go farther and farther, and we will build more New Oriental schools in China. At the same time, we will develop vertically, set foot in education-related industries, and carry out diversified development..."

Yu Hongmin talked openly and clearly. After speaking for about ten minutes, he stopped. Obviously, before coming here, he had done a lot of hard work.

Henry was very satisfied and said, "Very good, what do you think is the current market value of New Oriental?"

Yu Hongmin observed Henry for a while, and secretly guessed Henry's psychological value, but Henry was so quiet that he couldn't see his inner thoughts at all.

"Mr. Williams, what do you think the market value of New Oriental Group is?" Yu Hongmin threw the "ball" over.

Henry smiled, "Well, I'll invest 1.5 billion US dollars to hold 60% of New Oriental Group's equity!"

Hearing this, Yu Hongmin's right hand holding the table knife suddenly hung in the air, with an expression of disbelief on his face!

1.5 billion US dollars is 12 billion yuan at the current 8:1 exchange rate, and this is only 60% of the equity. When Yu Hongmin thought of this, he swallowed unconsciously, and then he woke up.

"Mr. Williams, are you sure?" Yu Hongmin asked.

"Very sure!" Henry smiled, "Of course I know that this price must exceed the market value of New Oriental by a lot, but buying at a premium will only show my sincerity if the other party is satisfied! So, Mr. Yu, what do you mean? Do you disagree with my terms?"

"Of course I agree!" Such a good offer could not be found even with a lantern, how could Yu Hongmin refuse.

Henry couldn't help laughing at this moment, stretched out his hand, and said, "Happy cooperation!"

"Happy cooperation!"

In the previous life, the total market value of New Oriental was close to 7 billion US dollars. In this life, with New Oriental invested by Henry, the future market value is really unpredictable, but it is not difficult to imagine that New Oriental will definitely become a behemoth in the global education industry in the future, and it is a sure thing to enter the world's top 500!

Everyone's cooperation intention has been reached, so the meal was extraordinarily sweet.

After it was over, Yu Hongmin settled the bill, and then took Henry to the New Oriental Group headquarters. There, Yu Hongmin introduced Henry to everyone, and then announced the things that had been discussed in the hotel before. Everyone was dumbfounded when they heard it. In this life, they have seen what it means to spend money like dirt! Then, under the leadership of Yu Minhong, Henry visited the school and greeted the students in the school.

The students were very excited, my god, I just went to the training class, and I accidentally met the richest man in the world, is there something wrong with this rhythm...

"Principal Yu, Mr. Williams, hello!" Everyone shouted.

In order to show his affinity, Henry took the initiative to chat with some students. Through the conversation, Henry learned that most of these students are preparing to study abroad, and now they are trying to learn English in New Oriental.

At this time, Henry couldn't help thinking of an interesting story about Yu Hongmin in his previous life.

It is said that Yu Minhong, the principal of New Oriental, often visits North America. Once when he went to a nearby Chinese restaurant for dinner, as soon as he sat down, dozens of people in the restaurant stood up one after another, and immediately called him "Principal Yu" at the same time. ", damn it, that scene is really spectacular, hot eyes, I'm so moved to death! The foreign friends around were dumbfounded and asked who this person was. So some Chinese students told him proudly, "This is the principal Yu of our New Oriental School. In famous universities in the United States and Canada, more than 70% of the Chinese students are from New Oriental!!!"

Henry stayed at New Oriental School for an hour or two. During this time, the investment contract had already been drawn up. Henry signed the contract with Yu Hongmin and formally included New Oriental under his name!

Of course, the most famous "private-run" school in China is not New Oriental, but Shandong Lanxiang Senior Technical School, a school that has been deified by many netizens!

"Which one is better at learning excavator technology? Look for Lanxiang in Shandong, China!!!" Wow, what a simple, rude, powerful, and sonorous slogan, which has not changed since the school was founded!

If Madagascar wants to engage in large-scale development in the future, it will very, very much need such talents! ! !

So, there is no doubt that Henry is going to buy Lanxiang School! Henry always felt weird when he thought of getting Shandong Lanxiang under his own name. However, Lan Xiang is not so easy to acquire. Although Shandong Lanxiang is also a private company, it has a military background. The rudiment of Shandong Lanxiang Senior Technical School, the Jinan No. 57 Middle School Technical School, was born in a simple courtyard in Baohua Street, Tianqiao District, Jinan City in 1984. In 1988, "Lanxiang" cooperated with the army to run schools and established Shandong Lanxiang Vocational Training School!

Shandong Lanxiang is in Shandong, so Henry will go later. In 1988, another awesome school was established, that is New Oriental Cooking School. The same is the name of New Oriental, but they are two completely different schools. Naturally, Henry was unwilling to make great efforts to promote the "New Oriental" brand and let the other party get something for nothing. Since they are both called New Oriental, it means they are predestined, and it would be great if they merged together!

Speaking of it, this New Oriental Cooking School is not an ordinary school, but a training giant in the culinary world. If it can be swallowed up, it will be a very cost-effective business!

Different from Shandong Lanxiang's unchanging advertisements, New Oriental Cooking School has a lot of advertisements, and they are very ridiculous!

"Where did Ai Qing learn from? - New Oriental Cooking School!"

"Pass, pass, pass on New Oriental chefs, gather famous dishes from all over the world, and cultivate elite chefs! Go to New Oriental, 800 beds are made of stainless steel."

"Sister, you should marry a chef from New Oriental."

"New Oriental Cooking School, the emperor doesn't think about eating and drinking!"

"..."

Thinking of these advertisement words, Henry's goosebumps came out... Henry only has one word to describe the advertising planning ability of New Oriental Cooking School-he is really strong! ! !

(Two in one, write a big chapter tomorrow)

(to be continued ~^~)

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