Sugon Semiconductor also began to place a large number of orders with ZTE International, and the number of orders even far exceeded the first batch of chip orders.
A large number of orders can spread the cost evenly.
The production lines of chips and screens are essentially the same. They both need to be tape-out before mass production begins. The cost of such tape-out is actually not cheap.
As the order volume gradually increases, the average cost of each chip also gradually decreases.
Time has gradually arrived in March, and after many rounds of reviews, Wanxiang Technology is finally ready to go public.
The news of Wanxiang Technology's listing instantly shocked the entire industry and attracted the attention of many people.
As the most well-known Wanxiang Technology in the Internet industry, its popularity is the widest among Internet companies in the industry.
After being updated in multiple versions, Vientiane Chat has become an application that takes into account office social networking and entrance to multiple software systems.
The current level of Wanxiang Chat has surpassed many social applications. Penguin Chat, which once competed with Wanxiang Chat, has been gradually eliminated by mass consumers.
The number of registered users of Wanxiang Chat has reached a terrifying 140 million. By the end of last year, according to data compiled by specialized statistical agencies, the current number of domestic Internet users was less than 200 million.
Of course, among so many registered people, some people must have registered multiple accounts, but the number of 140 million registrations is indeed a very scary figure.
Among domestic netizens, an average of two out of every three people are using Vientiane to chat.
This has made Wanxiang Chat become the leader of social software, while Penguin Chat, which once competed with Wanxiang Chat, has long been deserted.
Although Penguin Technology has not given up on Penguin Chat, and has even borrowed many features from the Vientiane Chat update in the Penguin Chat update, Penguin Chat has lost its momentum and is gradually declining in the social application market.
In addition to social applications, Wanxiang Technology is best known for its game production.
Games such as FireWire, Alliance, and Dungeon have become phenomenal games, and have continuously brought huge profits to the company.
According to statistics from relevant organizations, nearly 70% of domestic game players now play games from Wanxiang Technology.
Its development momentum has even surpassed that of the former gaming giant Shengda, and has truly become the ceiling for Chinese gaming companies.
At the same time, Wanxiang Technology also began to expand overseas last year and successfully achieved excellent results in the overseas game market.
Currently, Wanxiang Technology’s games have cooperated with technology companies in 17 regions and countries around the world for game licensing.
The number of game users abroad has successfully exceeded 70 million. Counting the current number of domestic users, the number of game users under Wanxiang Technology has basically reached nearly 145 million.
At the same time, the stand-alone games released by Wanxiang Technology have also been recognized by foreign stand-alone game accounts. Even the game Warcraft is known as the most successful stand-alone game in the past three years, and its sales volume is also the highest stand-alone game in the past three years.
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The second-generation Warcraft game released at the end of last year also caused a huge sensation overseas.
A more complete story narration and exquisite game graphics, coupled with more comfortable game operations, made this game instantly popular overseas.
If the first generation of Warcraft is a very excellent and successful work, then the second generation of products has truly made Warcraft a god in the stand-alone game circle.
Relying on social applications and games, Wanxiang Technology has developed rapidly in recent years.
It has even become the most high-profile company in the entire Chinese Internet technology industry.
The current listing has also attracted the attention of many investors, who all hope to invest their funds in Wanxiang Technology Company and obtain sufficient returns from it.
This time, Wanxiang Technology announced the issuance of 1.25 billion shares. The price per share is 20 yuan. The total value of the shares has reached 25 billion. It will be listed on the Science and Technology Innovation Board of the Hong Kong Stock Exchange on the first Monday in April.
Listed.
These stocks account for 25% of the entire company.
This has also attracted the attention and attention of many investors.
At the same time, many capitals with sufficient financial strength are also eyeing the listing of Vientiane Technology.
I hope to get more shares of Wanxiang Technology.
Time has gradually come to April.
Xu Cong also came to Hong Kong wearing a suit with Zhang Yong and a group of senior executives of the company.
Xu Cong is very happy today. After all, when a company can be officially listed, it means that the company in the future will truly start a new chapter.
At this time, the Hong Kong Stock Exchange became very lively, and now many shareholders and investors have also focused their attention on Xu Cong and others.
There was a golden gong and drum in front of the Hong Kong Stock Exchange. As the Hong Kong Stock Exchange started, Xu Cong picked up the golden hammer with a smile and struck the golden gong and drum.
"Dang!"
The crisp sound of gongs and drums sounded, which means that Wanxiang Technology has announced its official launch.
After Wanxiang Technology went public, many investors and stockholders also started buying stocks.
At the same time, Xu Cong and company personnel within Wanxiang Technology are also paying attention to the company's stock.
First of all, Wanxiang Technology must ensure that the stock can operate normally to prevent other capital from having strange ideas and shorting the company's stock price.
After all, the development of Wanxiang Technology is very smooth, and it has also taken away the cakes of many companies. Other companies have thousands of ways to target Wanxiang Technology.
Among them, relying on the rules of the stock market to deal with Wanxiang Technology is a very covert and effective way.
Of course, Wanxiang Technology is a little surprised that this time, in order to stabilize Wanxiang Technology, some venture capital companies under the State-owned Assets Supervision and Administration Commission have also begun to purchase shares of Wanxiang Technology.
That's right, the above began to protect the listing of Wanxiang Technology, and at the same time purchased stocks to exercise certain control over Wanxiang Technology.
Xu Cong has no objections to these venture capital companies’ large-scale purchases of company stocks.
This kind of thing is actually a good thing for the company's future development. Although it is likely to restrict some of the company's development in the future, Wanxiang Technology needs such investment now.
"These venture capital companies bought 11% of the company's shares in one fell swoop..."
Looking at the data in front of him, Xu Cong remained calm. The shares currently held by these venture capital companies have made the State-owned Assets Supervision and Administration Commission the second largest shareholder of the company.
At the same time, other capitals also began to purchase shares of Wanxiang Technology.
Although Wanxiang Technology is listed on the Hong Kong Stock Exchange, there are very few retail investors who actually buy Wanxiang Technology stocks. Most of them are venture capital and capital companies.
It is already very good for retail investors to own 1% of the company's shares.
The remaining shares are basically shared equally by some foreign technology companies and venture capital companies.
Of course, what surprised Xu Cong was that Zhang Lei, one of the most powerful investors in the country, also spent a lot of money to purchase 1.62% of the company's shares.
Suddenly he became the second largest individual shareholder in the company, directly surpassing Zhang Yong whose shares had been diluted.
Under the protection of numerous capitals and the State-owned Assets Supervision and Administration Commission, coupled with Wanxiang Technology's own influence in the entire global market, Wanxiang Technology's stocks have gradually risen.
The stock price of Vientiane Technology, which had just opened, was only 20 yuan, but by the time the market closed, Vientiane Technology's US stock price had risen to 23.9 yuan.
This growth rate is still very good, and it also proves the current recognition of Wanxiang Technology by capital and the market.
Xu Cong, who currently has the largest number of shares in the company, has also seen his personal worth increase dramatically by virtue of the company's listing.
Based on the shares owned by Wanxiang Technology alone, Xu Cong’s current net worth has reached 71.7 billion.
And Xu Cong also relied on the success of the company's listing to become the real richest man in modern China.
The last person to become the richest man by relying on the listing of an Internet company was the boss of Shengda who had run away.
This time, Xu Cong relied on Vientiane Technology to successfully reach the top of the wealth list of the country's richest people.
Of course, Xu Chongmingbai's so-called personal wealth list is actually false. There are many people in China who are richer than himself, but these people like to keep a low profile.
At the same time, Xu Cong’s net worth is based on Wanxiang Technology, and there are many domestic companies with greater revenue than Wanxiang Technology.
There are even some groups that are huge in the eyes of Wanxiang Technology, and these groups basically choose not to be listed. Naturally, the corresponding institutions' valuations are not so accurate and certain.
However, Xu Cong is quite happy to have achieved this result. After all, as an ordinary person, he has achieved this position and has surpassed 99.% of the people in the country.
Chapter completed!