I'm back in 1990

Chapter 603: Make the cake bigger, get more slices

With the news of Changhong Capital's full acquisition of Sun Capital, David Young of Yuho naturally learned about Huang Xiaochuan's situation in the United States.

He then flew from the west coast to the east coast just to meet Huang Xiaochuan.

"Hey Huang, you're not being fair. You came to America without telling me. Were you afraid I'd treat you to fast food?" Yang started teasing Huang Xiaochuan.

Taking a rare moment to relax, Huang Xiaochuan smiled and replied, "That's right, you guessed it!"

Both of them laughed, and then Huang Xiaochuan invited David Young to sit down.

Huang Xiaochuan chuckled: "There's a saying in China: 'One man's meat is another man's poison.' Naturally, I have my own thoughts."

Huang Xiaochuan touched his teacup, his expression turning serious: "From the Nasdaq crash in the first quarter of 2000 to a true full recovery, I think it will take at least three to four years."

Secondly, there is the need to digest and clear out excess capacity. The internet bubble has created too many homogeneous companies that lack real value support. Their bankruptcies, mergers and acquisitions, and asset divestitures are a long and painful process. Only after these redundant companies are cleared out can market resources be effectively redistributed to places with real potential.

Thirdly, there's the need for technological development and breakthroughs. During the bubble period, the influx of capital led to many technologies being prematurely developed without a solid foundation. I believe the downturn is actually an opportunity to cultivate technology and find killer applications. Broadband普及 and mobile devices are already taking shape, while more mature architectures are in the lab. These all require time to develop. Without new, groundbreaking events that can ignite the market, economic recovery lacks momentum.

"So, 2003 and 2004 were the turning point we were waiting for?"

Huang Xiaochuan nodded: "Pretty much. We might see some signs of recovery as early as next year. Certain niche sectors will start to recover, such as enterprise software and some online services that are closer to users' actual needs. But it will take some time to reach the level of prosperity before the bubble, and to achieve prosperity that is built on a healthier and more sustainable foundation. Before that, we need to squeeze out the excess, lay a solid foundation, and let the best survive."

Moreover, since Yuho also had a large investment in him, he didn't hesitate to share some information with David Young.

"Search will always be one of the cornerstones of the Internet. In this era of information explosion, efficient and accurate search tools will only become more and more important. At present, Yuho's first-mover advantage and brand awareness in this field are huge assets. But in my opinion, in the future, search will become more personalized and better meet the requirements of future users."

"Another aspect is ecological development and platformization."

Huang Xiaochuan mentioned platforms and ecosystems, which instantly made his mind click and his eyes lit up, but then dimmed again.

"I know what you're talking about; it requires a huge investment and a lot of determination."

"Cloud?" This word was somewhat unfamiliar because the concept of cloud computing was still in its very early stages at that time.

"Yes, it's the cloud! You can think of it as a completely new computing model that uses the Internet to connect computing resources, storage resources, and software services together, and then provides them centrally through the Internet for on-demand access. At that time, companies will not need to build huge server facilities themselves, and individual users' data and applications can be accessed quickly and at any time, which will greatly improve efficiency. In my opinion, Sun's servers and Java platform are one of the important foundations for building future cloud technology." Huang Xiaochuan cleverly steered the conversation toward his intention to acquire Sun.

"Finally, and what I consider the most disruptive," Huang Xiaochuan's voice carried a hint of excitement, "is the mobile internet."

"Mobile? Like now? Or BlackBerry Mail?" I feel that the current mobile experience is still very rudimentary.

"No, that's just the beginning." Huang Xiaochuan shook his head, his gaze seemingly piercing through time and space. "Future mobile phones will become powerful handheld computers, with high-speed networks, large and clear touchscreens, and abundant sensors. People will use them to access the internet anytime, anywhere, for information, social interaction, entertainment, shopping, and work... The main battlefield of the internet will rapidly shift from desktops to mobile devices. Whoever can seize the entry point and experience of the mobile internet will seize the lifeline of the next decade. This is the real 'big thg.' Its explosive energy will dwarf the PC internet era. I estimate that this tipping point will not exceed the next ten years, and may even be faster, taking shape within five years."

"Mobile internet," he muttered to himself, his eyes gleaming with the fervor of a tech enthusiast. "Search, social networking, and local services will take completely different forms on mobile! We need a dedicated team to research this!"

"A wise move, David," Huang Xiaochuan praised without reservation. "Planning ahead is essential to being at the forefront when the wave comes. Winter is a time for hibernation and also a time for sowing. Companies that survive and prepare for the future will experience unprecedented growth after the recovery. Yuho will undoubtedly be one of them."

"To survive the harsh winter, for that mobile future!" They were incredibly excited, as if they'd been injected with adrenaline.

Huang Xiaochuan raised his glass and clinked it lightly with his, his smile widening. Now he had gained another steadfast ally. Besides, he was already the largest shareholder of Yuho, and the bigger the pie became, the more he could get.

Four Seasons Leek says: Read this book!