Reborn: I'll Never Fail My Childhood Sweetheart Again-Chapter 196 - 94: Senior, I Miss You!

Kang Baohong was slightly taken aback.

He originally thought the other party would ask him how to sell products to customers, or how to manage employees, or cut costs, provide good service, and so on. 𝑓𝘳𝑒𝑒𝓌𝘦𝘣𝘯ℴ𝑣𝘦𝑙.𝘤𝑜𝑚

However, Su Zelin directly talked about the future prospects of the entire industry field, which was very different from the average interviewee.

Although a bit surprised, Kang Baohong remained calm and unhurried.

As a network administrator, he usually surfed the internet in the internet cafe when there's nothing to do. Moreover, due to the relations between his work and hobbies, he was quite interested in this aspect, and usually read some related news and articles.

Thus, he spoke eloquently, "The development of the internet in Xia Country is quite immature and is still a very fresh thing for many people. However, it has shown strong potential and a broad future, which will also drive the rapid development of computer terminals and related fields. The current booming computer market and internet cafe business can illustrate this point."

"In the future, more and more people, especially the younger group, will try computers and the internet and be attracted by them. The group of netizens will become increasingly large."

"..."

Kang Baohong first talked about his optimism about this industry, and then his tone changed.

"However, it has to be admitted that this year many internet industries have encountered major setbacks, facing financial crises and even bankruptcy."

"But, I think this is only temporary. After surviving the harsh winter, it will usher in a new wave of explosion. Overall, it is an unstoppable tide, and the information age will come sooner or later!"

Su Zelin nodded slightly, very satisfied. At this time, Kang Baohong's vision was already quite forward-looking, so in his previous life, he always persisted in the internet industry and eventually succeeded.

Moreover, if Kang Baohong just kept saying how good this industry was, Su Zelin would not be so satisfied.

But he mentioned the internet winter of 2000, without just saying good things to please the boss, and this is very commendable.

An excellent manager cannot merely flatter the boss and report good news without bad.

"You're right, the internet bubble originated in the mid-1990s in the United States. At that time, investors were very optimistic about the internet industry, which also made many traditional companies try every means to associate with the internet. Just casually attaching a name and flying the flag of an internet company could easily attract financing!"

"Take Amazon, for example. Just two months after launching, its turnover soared to $20,000 per week, with customers from every country in the world. Three years later, Amazon went public. This rapid development overturned Wall Street's perception! Along with it was the internet business model represented by Amazon because during these three years, Amazon was always losing money to do business."

"Don't care about the profit, just rush it. Even if losing money first, you must quickly occupy the market. This kind of playstyle was later called 'get big fast' by Wall Street, commonly known as 'gathering pace fast!' In the early stages of the internet, you don't have to make money. As long as the user base grows, everything will come later!"

"Almost all Wall Street people reached this common understanding. The investors gradually lost their rationality, believing that as long as it's an internet company, you can just invest, and it'll surely rise. As for how they operate to make money? Who cares! As a result, a large amount of capital flowed into this market. A business plan, as long as it ends with .com, could casually exchange for millions of real US Dollars, making countless people crazy!"

"Marx once said in 'Das Kapital' that if there's a 50% profit, capital will take risks; if there's a 100% profit, it will trample upon all human laws; if there's a 300% profit, it dares to commit any crimes. And the returns on investing in internet stocks at that time far exceeded 300%!"

"What drives people to frantically speculate is not only greed but also the Federal Reserve's policies—interest rate cuts and tax reductions!"

"However, what makes success also causes failure. In February 2000, the Federal Reserve felt the bubble was a bit large and announced a significant interest rate increase, prompting people to be more cautious and calm in investments. The internet winter unfolded, and investors who realized the situation was wrong panic-sold. More than half of the internet companies went bankrupt or saw their market value plunge in this crisis. In April 2000, the Nasdaq internet technology bubble burst, and the capital winter swept the globe!"

Kang Baohong listened in a daze, because working as a network administrator in an internet cafe and being very interested in the internet industry, he thought he had quite a bit of understanding of the internet bubble, but could only give a simple explanation. However, this seventeen or eighteen-year-old boss Su actually elaborated on the background of the internet winter so thoroughly.

His expression became increasingly serious, and he also put away his disdain for this young little boss.

Dai Chuangxing was also a bit surprised. Although he was a relatively conservative person, not very knowledgeable in this field, at least what Su Zelin said was very logical and sounded very much like it made sense.

Su Zelin continued, "However, many people should thank this internet bubble because it's this wave that promoted the popularization of the internet, turning it from a luxury into a daily necessity. More and more people enjoy the convenience and fast information brought by the internet. Although the internet industry's winter is not yet over, looking at the entire network, the number of users is still growing rapidly, especially in our National, where this trend is very notable."

"In 1997, our country's number of netizens was just over 600,000. By 1998, it was over 2.1 million, and in 1999, it was nearly 9 million. As of the statistics this June, it has reached almost 17 million! This growth rate can be described as explosive! What's more frightening is that it's still at the early stages of development, and compared to our country's large population, it hasn't reached the peak by far!"