Chen Yizhou, 5q.com recreates China EN2.0 and starts the campus network.
2006-04-20
Old team, new website. After a lapse of five years, Chen Yizhou, who once created CHINAREN, the most famous campus reunion record in China, once again launched a new version of the campus network for college students (www.5q.com).
Rebuilding campus network
On April 19, Chen Yizhou, Chairman and CEO of Thousand Oaks Group, told Netease Business that apart from the largest interactive entertainment community websites in China, such as Maopu and DONEWS, Thousand Oaks has launched two new websites: 5Q Campus Network and Renren Network.
Due to the special background of Chen Yizhou, the new 5Q campus network deserves attention. At that time, Chen Yizhou created the CHINAREN alumni record and sold it to Sohu. He bought 440,000 shares of Sohu from Zhang Chaoyang and sold them at a peak of nearly $40. He successfully accumulated the original funds and started his own business again. He won the Maopu.com Prize through a series of acquisitions, including the equity swap in 2004. ..
Two and a half years ago, Chen Yizhou considered dabbling in online games, but finally chose to give up. "This is not what we are good at." So Chen Yizhou started to build a community website that he was good at, and now the 5Q campus network is back in business. The most exciting thing about CHINAREN is its classmate record function. Similarly, the newly launched 5Q campus network is also an alumni record and community.
The reason for developing a new campus website for college students is that we have seen the market vacancy of the website for college students. When Chen Yizhou sold CHINAREN to Sohu in 2000, it signed a one-year ban agreement.
Although many of CHINAREN's old colleagues have followed Chen Yizhou to Thousand Oaks, Chen Yizhou believes that there is no competitive relationship between 5Q campus network and CHINAREN, because "we are aimed at college students, and CHINAREN is aimed at college students who have left school." Before going public, Thousand Oaks now has seven websites, including Puff, DONEWS, 5Q Campus Network and Renren Network. Overseas listing naturally also mentioned the agenda.
Chen Yizhou believes that now is not the best time to go public overseas. "I haven't figured out the reason for listing." Chen Yizhou estimates that Thousand Oaks is bigger than some Chinese concept stocks listed on NASDAQ. "Choose the most suitable time to go public." "We will continue to pay attention to and make acquisitions. I think our value can be multiplied many times before the end of the year." Chen Yizhou obviously tasted the sweetness of buying websites such as Puff, and obtained $48 million in venture capital from the most famous American investment companies such as GA, DCM, TVC, Accel Partner and Lenovo Investment. Chen Yizhou still has a lot of money to make a big community plate.
For investors, Chen Yizhou thinks that many investors have lost overseas opportunities, so good opportunities at home are worth looking forward to.
Chen Yizhou believes that it is more appropriate to invest 10 billion dollars in China market in the next two years, which can guarantee the return of investors. Regarding the popular saying that $3 billion of venture capital will enter China this year, Chen Yizhou said: "Many investments may not get a return, or even get a very bad return." Regarding the popular WEB2.0 website, Chen Yizhou said it is more of a symbol. "Compared with 1.0, 2.0 is not a revolution, but an innovation." (Netease Business Report Zhang Jingke)
Thousand Oaks will push two more websites. Chen Yizhou said that it depends on the timing of listing.
April 2006 19 Sina Technology
Chen Yizhou, CEO of Sina Technology News Thousand Oaks Group, is still increasing the number of websites and will soon launch two new websites, but for listing, he said that "it depends on the timing".
On April 19, Thousand Oaks announced that it would launch two websites, Renren.com and 5Q Campus Network. Renren.com, founded in 1999, went public in Hong Kong and closed down on 200 1. Chen Yizhou revealed that he bought the domain name of renren.com more than a year ago and repositioned Renren as a Web2.0 city portal to provide classified information services. Another website that has been launched, 5Q Campus Network, is a community website for school students. Previously, Chen Yizhou founded chinaren Community with Yang Ning and Zhou Yunfan, but it was acquired by Sohu in 2000 due to insufficient funds.
Douban, the investment book review website of Thousand Oaks Group, was reported not long ago, but on April 19, Chen Yizhou said that he could not confirm the news at present and wanted to "talk about it another day". However, it is clear that Chen Yizhou still maintains the momentum of acquisition after obtaining $48 million in venture capital.
Acquired the core website of Thousand Oaks Group. In 2005, it acquired a series of websites such as SNS website UUMe and IT writing community Donews. Together with the previous websites of Dudu.com, World of Warcraft China, Renren and 5Q, Thousand Oaks has nearly 10 websites. Chen Yizhou said that Thousand Oaks will take the road of multi-brand development, which is consistent with the segmentation trend of Internet audiences. However, Chen Yizhou also said with a smile that he hasn't decided whether he should name his website group "Matrix" like Sohu.
At present, the main income sources of Thousand Oaks Group are advertising and wireless value-added. Chen Yizhou said that at present, advertising of Thousand Oaks has occupied the seventh and eighth position among domestic Internet companies, and advertising will be more important in the future.
According to Chen Yizhou, Thousand Oaks has been profitable for more than half a year, and it can completely land on Nasdaq in terms of qualification. In fact, the market value of Thousand Oaks in the capital market has surpassed that of many domestic companies listed on Nasdaq, but Chen Yizhou said that there is no timetable for listing at present. Because the new business of Thousand Oaks still needs some time to grow, he also needs to find out when it is a good time to go public. Investors are not pressing for listing, because judging from the market value valuation, the $48 million jointly invested by GA, DCM and other funds not long ago will get several times the return by the end of this year, and if it goes public later, the return will be higher.
However, he also said that Thousand Oaks should not be listed for a long time. He said with a smile that the English name of Thousand Oaks Group is Oak Pacific Interactive, and the initials are "IPO" in turn. (Zhang Kaifeng/Wen)
Beijing Daily Courier, April 20, 2006
Xinbao News (Reporter He Wenhua) Chen Yizhou, chairman of Thousand Oaks Interactive Group, revealed yesterday that Thousand Oaks has launched two other new websites: 5Q Campus Network and Renren Network. Up to now, Thousand Oaks has 9 different Internet brands. In order to distinguish it from Zhang Chaoyang's Sohu "Internet Matrix" concept, Chen Yizhou called it "network cluster".
In fact, there is also a "Douban Network" famous for book reviews and film reviews, which is negotiating equity investment with Thousand Oaks.
According to the reporter's understanding, for these two new network assets, Thousand Oaks actually bought the domain name of "Renren" last year and kept it waiting for the opportunity to launch. This is a classified website of city information. The 5Q campus network was built by Thousand Oaks employees themselves. After leaving Sohu for more than five years, as the founder of ChinaRen, Chen Yizhou said that he had passed the agreement signed with Sohu at that time that he could not be an alumni website for one year. This time he came back, and he was also regarded by the industry as his insistence on the principle of "doing what he knows best". Thousand Oaks had been searching for gold online games before, but this business direction was abandoned by the company because it was not successful enough.
Chen Yizhou named the seven websites he owned before "Seven Swords Down the Tianshan Mountains", and now the company has 900 employees in just over three years. And he said that according to inertia, he will continue to acquire in the future. Why Thousand Oaks Group needs so many online brands has become a concern of the industry. The reason given by Chen Yizhou yesterday is that there are multi-brand strategies and demands in the WEB 2.0 era. The functions that netizens need are subdivided. If you don't do as well as others, netizens can change places immediately.
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