My rebirth is different

Page 825

When Yu Wenfei's voice fell, Ye Xiaorong was dumbfounded, there was an uproar in the studio, and many audiences in front of the TVs had already exclaimed.

$500 billion!

According to the exchange rate at that time, it would be 4000 billion RMB when converted into RMB!

Is it really possible for a game company to achieve it?

You must know that in the domestic Internet industry, Sina, Netease, and Sohu have the highest market value, and none of them has exceeded the market value of 50 billion U.S. dollars, but Yuwenfei has soared tenfold, directly reaching 500 billion U.S. dollars .

Even five years later, this market value would be considered outrageous.

"Mr. Fei...you mean 500 billion RMB?" Ye Xiaorong asked tentatively, she thought Yu Wenfei was wrong.

Yu Wenfei shook his head, "It's US dollars! Don't think I'm exaggerating. The development of the world is beyond imagination. In the next five years, a large number of private companies with a market value of more than 15 billion US dollars will emerge in China, mainly Internet companies. And in the next ten years, there will be a technology company with the highest market value in the world in China. In the next ten to [-] years, the market value of this company will exceed one trillion U.S. dollars!"

This time, it can be said to be earth-shattering!

I don't know how many people opened their mouths in front of the TV, and many shook their heads and sighed, thinking that Yu Wenfei was young and frivolous.

Of course, some people became more and more interested in Yu Wenfei and were ready to hear how he explained this passage.

Even Ye Xiaorong couldn't help exclaiming, because what Yu Wenfei said was too shocking.

………………

"Is he crazy! Bragging is not the way to brag!"

In the provincial capital of the Central Plains, Mo's father stared at the TV dumbfounded, and blurted out.

"Xiao Fei is not a frivolous child. If he dares to say that, he must be sure." Mo's mother gave Mo's father a blank look, and defended Yu Wenfei.

Mo's father said dumbfoundedly: "Did you hear what he just said clearly? Especially in the second half of his words, what company with the world's highest market value appeared in China, and it was valued at trillions of dollars. You don't even know trillions of dollars. What is the concept of dollars."

"Why don't I know, isn't it one trillion US dollars? Is this a high number?" Mom Mo said unconvinced.

"Is it very high...? Well, I don't know how to explain it to you. Let's put it this way, this number is equivalent to the GDP of our country this year! Or it's not worth selling our entire provincial capital. How much money!" Dad Mo said helplessly.

At the same time, across the country, there were quite a few people who had the same reaction as Dad Mo. Everyone's first reaction was that Yu Wenfei was bragging too much...

…………

What Yu Wenfei just said should be analyzed in two parts.

The first part is his judgment that after five years, a group of private enterprises with a market value of over US$[-] billion will emerge in China, mainly in the Internet industry.

Everyone in the studio understands the concept of tens of billions of dollars, but it is 800 billion yuan, close to [-] billion!

In China in 2003, there were not many companies with a market value of more than [-] billion yuan. If the state-owned giants were excluded, private enterprises with a market value of [-] billion yuan would definitely be at the giant level, and they could be counted with a slap.

But, that's tens of billions of dollars!At the level of [-] billion yuan, even if state-owned enterprises are counted, there are not many in China.

However, this is easy to understand, because the domestic economy has developed rapidly in recent years, and a number of companies with a market value of tens of billions of dollars may really appear in the next five years.

But after Yu Wenfei's last two sentences, no one dared to believe it.

China is positioned as a developing country, and its economy is far behind that of Europe and the United States. Not to mention the company's market value, there are too many giant foreign companies!

Like IBM, in the 60s it reached a market value of over 2000 billion US dollars!

The concept of 2000 billion US dollars in that era may not be imagined by most people, but everyone will understand by comparing the data. When IBM reached a market value of 2000 billion US dollars, the GDP of the United States was only 8000 billion US dollars.

A single company, IBM, is equal to a quarter of the GDP of the United States that year!

And Laomei was the richest country in the world at that time, not one of them.

In 2003, the companies with the highest market capitalization in the world were Microsoft and General Electric, both of which reached US$3000 billion.But this is also because the Internet industry has just encountered a "cold winter". In fact, in 99, Microsoft's market value was as high as 600 billion US dollars.

…………

And Yu Wenfei dared to say that in the next ten years, he will be in China!In the mainland!

There will be a technology company with the highest market value in the world!

And the market value of this company can exceed trillions of dollars!

Here is a little data for popular science. In 2003, China's GDP was 11.6 trillion yuan, which is about 1.5 trillion yuan if converted into US dollars.

In other words, in the next ten to 15 years, there will be a domestic company whose market capitalization will reach two-thirds of China's annual GDP in 2003...

Many people think that Yu Wenfei is "crazy", and he really didn't wrong him at all.

There is also an important point here, Yu Wenfei is talking about "technology companies"!

Not energy companies, not financial companies such as banking insurance...

Chapter 703

As we all know, in the technology industry, especially in the consumer market, China is far behind Europe, America, Japan and South Korea. Why does Yu Wenfei dare to make such an assertion?

Could it be that……

Does he think that one of his companies can become the world's largest market value within ten years? !

Ye Xiaorong's heart moved, and she blurted out: "Mr. Fei, which of your companies do you think can achieve the world's largest market value?"

There is no problem with what she said, because all the companies under Yuwenfei are technology companies, even the new Lenovo Group, which has just been acquired and reorganized, is also a technology company.

Apart from Yu Wenfei's Facebook family and New Lenovo, Ye Xiaorong really can't think of any technology companies in China that have even a slight hint of becoming the world's largest company in terms of market value...

Yu Wenfei smiled and said confidently: "I want to emphasize one point again, that is, don't look at things ten years later from the current perspective. Perhaps what I said just now seems a bit too much in the current environment. Outrageous, but what if the country's total GDP reaches one billion yuan in more than ten years.

Uh... It seems that a company with a market value of trillions of dollars will seem a bit outrageous by then.

However, that is the power of technology.This power has been demonstrated by IBM and demonstrated by Microsoft.In the future, there will still be technology companies showing off.

And this company will appear in China.

Well, I have a showdown, this company is one of my companies, and its name is Star Technology! "

…………

In fact, even without Yuwenfei, in 2007, there was a Chinese company whose market value exceeded one trillion U.S. dollars after listing, which shocked the world.

The name of that company is "PetroChina"...

Veteran shareholders, there is no one who does not know PetroChina. Of course, mentioning this name brings bitter tears.

On November 2007, 11, PetroChina went public, with a value of about 5 trillion yuan in the A-share market. At that time, the exchange rate was one dollar equal to 7.7 yuan. Therefore, PetroChina became the world's first company with a market value exceeding one trillion U.S. dollars.