Chapter 584

These companies newly invested and acquired by Huizhong in November are VR companies!

VR, the English abbreviation of virtual reality, has sprung up again in the past two years with the outbreak of smart phones and mobile Internet.

The reason why it is again is that in the past few decades, the trend of virtual reality has risen several times, but each time is a flash in the pan, because some key technical problems can not be broken through, and finally nothing can be done!

At the beginning of the year, the leaders of the four hbat companies also discussed the prospects of VR and wearable smart devices at the IT summit. At that time, in addition to President Li of Baidu, including Fang Zhe and two other bosses, they were not very optimistic about the prospects of these things. Do not want to spend hundreds of millions of dollars to invest and acquire several VR companies!

As soon as the news spread, it set off a hot discussion in the global Internet industry and netizens.

"Huizhong has even laid out the field of virtual reality. Is this the next blue ocean comparable to smartphones and mobile Internet?"

"Pa Pa Pa, president Fang's face hurts. Who said he was not optimistic about the VR industry at the beginning!"

"President Fang's move is a diversion. On the surface, he says he's not optimistic, but secretly he spends money to buy it. He can spend a lot less money!"

"This is also called less spending? What kind of broken oculus company was established 12 years ago. Now Huizhong has spent 300 million US dollars to buy it. It's a lot of silly money!"

"Fang Zhe is a loser. I think he got too much money from the listing. I don't know how to spend it!"

"You keyboard men know a ball. It's called investing in the future!"

The outside world has different opinions on Huizhong's massive acquisition of several unknown VR companies. In the view of many Fang Zhe and Huizhong's die hard fans, Huizhong is investing in the future.

However, in the eyes of most ordinary Internet users, Huizhong spends so much money to buy several companies that have just been established and have no products. Companies that rely on PPT are typical people with too much silly money!

However, Huizhong is a real person. How stupid is money? The answer is obviously not so!

Although Huizhong is rich and generous, none of its money is spent indiscriminately, as are several VR companies, including oculus, which Huizhong has invested in one after another.

At the IT summit at the beginning of the year, although Fang zhe said that he was not optimistic about VR and wearable devices, it did not mean that Fang zhe would not invest and layout in this field.

As Fang zhe said at the beginning, he is not optimistic that VR and wearable devices can enter thousands of households like smart phones in the next 3-5 years, but the situation will be very different after 10 or even 20 years, 5g, the Internet of things and even more new technologies appear!

Fang zhe also said that this field is only suitable for Google. Huizhong, a rich and well-off company, is engaged in experimental and layout business. In other words, startups who want to make money and want to make profits within 3-5 years or even 10 years are not suitable for these.

However, the fact is that many entrepreneurs, start-ups and all kinds of investors in the outside world are hot headed or deliberately follow the trend and start hyping VR and virtual reality!

Less than a month after the announcement of Huizhong investment's acquisition of oculus and other VR companies, there were more than five times more global start-up VR companies than last month, and there were more than two times more investment and financing cases in this field than before.

Various entrepreneurship forums and investment summits began to talk about and hype VR and virtual reality. The bosses of major Internet companies, shrimp soldiers and crab generals, opened their mouths and closed their mouths to talk about virtual reality!

VR and virtual reality are completely popular in the global venture capital circle!

"President Fang is right. The atmosphere in the Internet industry and venture capital circle has become more and more impetuous in the past two years. We have just acquired several VR companies, and global entrepreneurs and investors have followed suit and entered this field. If this situation continues, in less than two years, the whole world will usher in a wave of bankruptcy and bankruptcy of VR companies!"

In a tea room of Huizhong, several employees of the investment department chatted.

"Who says no, I hope these companies will not scold us Huizhong and president Fang. President Fang can afford to play, which doesn't mean they can afford to play!"

"They love to scold, but president Fang doesn't care about it. However, how can we rely on us to gather the public and president Fang? The news we announced has made it clear that as a strategic investment layout, they don't consider profits in 3-5 years or even 10 years. These entrepreneurs and investors plunge into the wind. They don't want to fish in troubled waters, beat drums and spread flowers, so they wait for the wrongdoer to catch him They said, "take their plate!"

"Yes, we can't easily change the current atmosphere in this industry, but don't think that Fang always spends so much money on these VR companies just to play. Our persistence in VR and holographic games is deep into the bone marrow.

I heard from Mr. Huang that Mr. Fang told him that he would try his best to make a real holographic game even in 10, 20 or even 50 years. With so much money in the listing, it is normal for Mr. Fang to spend hundreds of millions of dollars in this field to test the water. I'm afraid that in the future, Mr. Fang will only spend more and more money in this field! "

Everyone in the tea room nodded with deep approval. As employees of Huizhong investment department, they knew a little about Huizhong's future layout and development strategy, and they obviously felt that in the past two years, with Huizhong gradually becoming a world-class multinational giant, Huizhong's investment around the world, It has gradually evolved from short-term commercial investment to far more strategic investment.

In the past, if Huizhong invested in a company, it needs to consider whether the company can make a profit in the next 5-10 years or even 2-3 years. Now, investment projects such as VR and virtual reality, which may not be profitable in 5-10 years or even 10-20 years, have also begun to enter the scope of Huizhong's investment.

"Now many people in the outside world say that president Fang spent hundreds of millions of dollars to buy several VR companies, which is a rich man and a black sheep, but I'm afraid they forget that our company has raised nearly 40 billion dollars in this listing, but now it has spent only a few billion. They don't think about where the real big head will fall!"

"I'm looking forward to the global developers conference to be held in a few days. I just want to see the stunned expressions of the media reporters on the scene!"

After an employee said this, there was a burst of fellow Chinese laughter in the whole tea break room. Unexpectedly, after they knew a little about the global developer conference two days ago, their expression was not much different from what they said.

On December 19, Huizhong global developers conference was officially held in Yanjing International Convention Center!