Chapter 406 Looking for the Father of Subprime Mortgage Theory

Zou Hongwei looked at Liu Xu, who smiled slightly and picked up the phone:

"Let me first explain this journalist friend's question. First of all, there is no need to worry.

After Qihu Technology takes over the 51 Guardian desktop business, most of our original R&D and operations teams will join Qihu Technology. R&D will not be interrupted and services will be maintained. This is one of them.

Second, 51 Guardian will focus on the enterprise market in the future and will establish a long-term cooperative relationship with Qihu Technology. The two parties will establish a joint anti-virus laboratory and closely track and monitor various new computer viruses or virus variants around the world.

In terms of technical strength, the joint laboratory is one plus one greater than two, and the research results will be applied to 369 Security Guard in a timely manner.

Therefore, users do not need to worry about the decline in R&D level or service quality after 51 Guard desktop products are renamed as 369 Security Guard, it will only get better."

Zou Hongwei added: "Let me further answer this reporter's question.

Mr. Liu has just explained clearly that after Qihu Technology took over the operation of 51 Guards and changed its name to 369 Security Guards, our two companies are a long-term cooperative partnership, whether it is product research and development and technology iteration, as well as providing users with

services will be enhanced.

Secondly, the product combination of 369 Security Guard and 369 Secure Browser can also provide users with more thoughtful security solutions.

Finally, Qihu Technology will also reach an extensive cooperative relationship with 51 Group.

51 Group is an excellent Internet company with innovative genes. 51 Group has always put users first and serving users well is its fundamental purpose.

The same is true for Qihu Technology. We are also very honored to establish a partnership with an excellent company like 51 Group..."

Then, Fang Jian, who attended the press conference on behalf of 51 Group, also added:

"What Mr. Zou said just now is correct. 51 Group is a user-centered Internet company. This is reflected in all our Internet platforms. I believe friends in the media industry also feel it.

Because 51 Group wants to focus more on existing platform projects and expand new media projects, it has made adjustments to the strategic layout of platform projects. In the anti-virus market, it will focus on the enterprise-level market in the future.

In the future, 51 Group will cooperate extensively with Qihu Technology in many aspects such as market promotion and user development.

Qihu Technology will also support 51pay, a third-party online payment tool. Through 51pay, users of Qihu Technology can also become users of various Internet platforms of the 51 Group. The users of the two companies can have a high degree of overlap.

We also believe that Qihu Technology, which focuses on providing users with comprehensive security solutions, can provide better services to the original users of 51 Guards..."

Next, representatives from Today's Venture Capital and IDG representatives from Xu Xin also answered reporters' questions respectively. They were all optimistic about Qihu Technology's development prospects after acquiring 51 Guardian's desktop business.

Today's press conference was a public announcement that Qihu Technology teamed up with two VC institutions to acquire the 51 Guardian desktop business as a whole at a valuation of US$200 million. This was also Gao Yang's plan.

US$200 million also set a new record for Chinese Internet company mergers and acquisitions. For the media, this was big news.

The press conference is still in progress, and many media have already rushed to post the news via their own news websites or official accounts on 51 Weibo.

Suddenly, the entire network began to repost and comment heavily.

Among them, there is a lot of discussion on whether the 51 Guardian desktop business is worth US$200 million.

In the eyes of some professionals in the industry, 51Guards, with more than 50 million users, is in an absolute leading position in the desktop market, with huge traffic advantages, super-fast development, and a valuation of US$200 million.

This incident once again reflects the huge wealth effect after successful Internet entrepreneurship.

After the news came out, Goose Factory immediately organized internal discussions. In the eyes of many senior executives of Goose Factory, it was a bit unbelievable that 51 Group suddenly sold the 51 Guardian desktop business.

"51 Group sold such a good project as 51 Guardian, are you confused?"

"51 Group has always claimed that it will not accept VC, which seems to be true. This also shows that 51 Group has expanded too fast and its funds have begun to be unable to support it, so it reluctantly sold 51 Guardians."

"51 Guards gave up the desktop business, which is a great thing for our goose factory."

"Yes, Zou Hongwei will take over 51 Guards and change its name to 369 Security Guards. This will involve a series of internal integrations as well as external publicity and promotion issues. This is an excellent opportunity for QQ Doctor to accelerate its development."

"QQ Doctor speeds up the iteration process, strengthens user drainage, and strives to change its name to Computer Manager as soon as possible to catch up with or even surpass 369 Security Guard."

"Haha, with QQ's absolute leading traffic advantage, it will only take QQ Doctor two years at most to let Qihu Technology drink its feet."

"Yes, it was not easy for us to deal with 51 Guards under the traffic system of 51 Group in the past. Now it is better. It is much easier to deal with just a riding tiger technology."

"Keep our purpose in mind, follow the path of others, and leave others with nowhere to go..."

Today, the Gouchang QQ Doctor project team, as well as these senior executives, are quite excited.

Everyone began to imagine the day when Goose Factory would dominate the desktop security market.

This is a new traffic entrance. In a few years, the potential user traffic will reach hundreds of millions.

51 Group created such a traffic portal, but because it was too arrogant to introduce VC capital, it had to give it up in exchange for US$200 million in cash.

The elites of Goose Factory were really overjoyed.

It's a pity that Gao Yang doesn't know what they are thinking. If he knew, he would laugh endlessly.

Gao Yang’s real purpose of abandoning 51 Guardians is precisely to hope that Goose Factory will feel that the opportunity cannot be missed and speed up the product iteration and user diversion of QQ Doctor.

Gao Yang did not attend the press conference today. The presence of Fang Jian would have given Zou Hongwei enough face.

Today, Gao Yang arranged other things in the office. The first person he summoned was Wu Ruohan:

"Ruohan, you have to go on a business trip to the United States. The 80 million US dollars will be transferred to an asset management company in Hong Kong immediately. You go to the United States to discuss with your elder brother and sister-in-law and arrange for the funds to be invested in US stocks.

In addition, last year, I suggested that my eldest brother and sister-in-law register a hedge fund and entrusted them to track and investigate the dynamics of the U.S. subprime mortgage market.

You go over this time and bring back the investigation.

Before going on a business trip to the United States, see if you can find a professor named Qin Xianglin. My elder brother said that Professor Qin is currently teaching in domestic universities.

If you can get in touch with Professor Qin, please pay him a visit and learn about the design principles behind why mortgage loans in the U.S. real estate market are packaged as subprime loan products by Wall Street.

Professor Qin is one of the world's top quantitative experts in the financial field. The theoretical basis for Wall Street's design of CDOs is said to be derived from a very influential paper of his.

Is there any way for you to contact Professor Qin through your former mentor at the University of Finance and Economics, or other teachers?"

Wu Ruohan said: "Brother-in-law, a tutor at the University of Finance and Economics, if he knows this Professor Qin, I want to ask him."

Gao Yang said: "Ruohan, about Professor Qin's situation, you should first contact your elder brother to find out, and then go to the University of Finance and Economics to ask your tutor. It would be best if you can contact Professor Qin. If you can't contact him temporarily, it doesn't matter.

.”

Wu Ruohan asked again: "Brother-in-law, how long will it take for me to go to the United States this time?"

Gao Yang said: "I guess it will take ten days and a half. After you go there, you can arrange your work as planned, and you can also play for a few more days."

Wu Ruohan said: "Then what should I do with the A-shares while I'm on a business trip?"

Gao Yang said: "Don't worry, I will keep an eye on it personally. We are currently holding positions and not taking control, so we don't need to worry too much."

Wu Ruohan said: "Okay then, can I go on a business trip to the United States alone?"

Gao Yang smiled and said: "Of course not, you pick one, Hu Chunfen or Zhang Ling, and we will go with you."

Wu Ruohan thought about it and smiled: "Then I'll pick Zhang Ling. Chunfen and Xu Xiaodong have just gotten along, so I won't break them up..."
Chapter completed!