The cold winter period had just passed, and capital once again poured into Silicon Valley.

With Su Yehao's help, Yanwenzi Group incubated a batch of unicorn companies. Even Netflix, which rented out movie discs, began to transform into online viewing, acquiring the online broadcasting rights for many TV series and movies.

Unfortunately.

The internet download speed was still a bit slow, and most computer monitors were still old-fashioned, so it was temporarily just a gimmick.

Although Netflix's user base was a bit small, it could paint a big picture for investors, providing plenty of room for imagination.

Su Yehao was very clear.

Bringing out good ideas too early easily attracted competitors to imitate.

But if he didn't stake his claim first, others would say he was bullying people with his power, and even sue him for using his advantages to create a monopoly, etc., leading to a lot of negative news. In that case, it would be better to compete head-on with others.

Netflix now had a big tree to lean on, with resources and funds available.

If it still didn't develop and couldn't beat its competitors, then Su Yehao would admit defeat. At worst, he would throw money at acquiring the competitors, which wouldn't be a big problem.

With the support of numerous incubation projects, Yanwenzi Group's own business was also good. The listed company's stock price rose again and again, and its market value had successfully exceeded the 36 billion U.S. dollar mark.

Everyone thought that if nothing unexpected happened, Su Yehao's net worth would surpass Bill Gates this year and successfully reach the top of the world's richest list.

More importantly, unlike Gates, who was standing still, Su Yehao was in his prime, and the growth momentum of his diversified assets was too strong.

Even the internet bubble crisis that started in March 2000 failed to stop Su Yehao's progress. He truly stood out in the previous two or three years.

With the market recovering, there was nothing that could stop him.

Anyone with a discerning eye could see that once Google was sent public, it would definitely be another super stock. Moreover, it almost monopolized the internet market in mainland China, with billions of potential users, which was another growth point with unlimited potential.

Outsiders were just watching the excitement.

Jerry Yang had watched Su Yehao grow almost all the way, and now, besides looking up to him, all that remained was heartfelt admiration.

While others in Silicon Valley only focused on the internet field, Jerry Yang hadn't forgotten that Su Yehao was also playing well in industries such as real estate, finance, semiconductors, private equity, and venture capital.

As a result, even though he and Jensen Huang were older than Su Yehao, they implicitly regarded Su Yehao as their leader during their chats at the craft beer brewery.

The research and development work for smartphones was temporarily kept secret, involving a market worth trillions of dollars. No matter how careful they were, it wouldn't be an exaggeration. Su Yehao changed the topic at this moment and said to Jerry Yang:

"The trend of waxing and waning is clear at a glance. If you ask me, Brother Yang, you should stop holding on. When I have a little more money on hand, let Google directly merge with Yahoo! By then, my Google will be worth 50 billion U.S. dollars, and your Yahoo! will be worth 20 billion U.S. dollars. I'll give you a 10% to 20% premium, so don't say that I'm not taking care of you."

"???"

Looking bewildered, Jerry Yang asked in a puzzled tone, "Why is your Google worth 50 billion U.S. dollars, and my Yahoo! is only worth 20 billion U.S. dollars? According to today's closing price, the total market value is about 32 billion U.S. dollars. How are you taking care of me? If you give me a premium to about 40 billion, I might consider it."

John Zhou, as the chief operating officer of Yanwenzi Group, was of course on Su Yehao's side. He explained with a smile:

"Didn't Boss Su mention it? Waxing and waning. Yahoo!'s basic business is still there, but both the number of new internet users and user satisfaction have been surpassed by Google. I'm not just saying that. You said it yourself when you were interviewed last year. I still remember."

"...What I said about being surpassed was hoping that Yahoo!'s management could work harder. It doesn't mean that Google is really better than Yahoo! From the perspective of revenue and profit margins, Google is obviously much worse than Yahoo!"

Jerry Yang was stubborn, clearly not believing that Yahoo!'s stock price would fall back to 20 billion U.S. dollars.

Su Yehao ate popcorn and said, "The problem with Yahoo! is that it's been hijacked by investors. Because it places too much emphasis on revenue, it forcibly arranges a lot of advertisements. As far as the search engine itself is concerned, the user experience is about the same. It's just that Google ranks the accurate results first, while Yahoo! is displaying advertisements."

Jensen Huang asked in surprise, "You dare to say such a thing? Aren't you afraid that Yahoo! will react and compete with Google?"

Hearing this, Jerry Yang smiled wryly:

"The company employs so many people, they have already thoroughly researched Google. If they could have learned from it, they would have learned long ago. Why would they have waited until now? It's true that we've been hijacked by investors. If we want to provide a simple webpage, the amount of advertising must be reduced. Once the company's revenue declines, the shareholders will immediately come and smash the company's windows, making it seem like the sky is falling. How can I change that?"

Su Yehao, who was well aware of this, shook his head and said with a smile: "The good thing about Google is that it has never been profitable. Since it hasn't given investors hope, there's naturally no disappointment. It can temporarily ignore revenue and profits and do its best to seize the market."

"Oh, what are we talking about this for? Let's drink, let's drink."

Jerry Yang sighed and raised his glass, saying, "Boss Su, it was definitely a wise decision for you not to rush to go public. Every time I attend a board meeting, I want to bang my head against the wall. Those guys are full of financial reports, it's really a headache."

Su Yehao replied:

"I guess I won't be able to hold it down for much longer. The other shareholders can't wait any longer, and we need funds to seize the market, so maybe we'll start the IPO at the end of this year."

Jensen Huang was stunned after hearing this and subconsciously glanced at Jerry Yang, bringing up what he didn't want to hear, and joked:

"You're already so awesome, and you still want to continue burning money to expand? Then Yahoo! is probably really done for. Instead of waiting for the market value to fall to 20 billion U.S. dollars before being acquired, it's better to restructure and merge now, so at least you can sell it for a good price. It's called if you can't beat them, then join their ranks. If you think about it carefully, it's also a win."

Jerry Yang pondered for a while, then suddenly smiled so hard that he couldn't close his mouth, and said:

"That makes so much sense! Now Yahoo! is worth 40 billion, and Google is worth 20 billion. If the two companies merge, Yahoo! will still hold the majority of the shares, and then it won't have any competitors. In fact, when Google was worth three or four billion U.S. dollars, I had the idea of acquiring it. A director secretly said I was crazy, and now he probably regrets it so much that he's gnashing his teeth."

"You're already dreaming after only drinking a little wine. Google's future is still very long. The advantage is on my side now, so I can't let you succeed."

Su Yehao thought to himself that the only good time to get rid of him was probably when his business was just starting to take off.

If Yahoo! had really stunned him with a large sum of money at that time, he might have cashed out and invested the money in other projects, or directly exchanged it for some Yahoo! stock.

Now the tables have turned, and the situation is very different.

If things continue to develop according to the current trend, maybe in a few years he won't even need 20 billion U.S. dollars to swallow Yahoo! whole...