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Text 993 EITC Listed

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    The 1996 Hong Kong Film Awards had just been announced, and Xia Zuhui took the crew of "The Legend of White Snake" to Suzhou and Hangzhou. Most of the scenes of this drama had to be shot on location in the mainland.  Because of the butterfly effect brought by Kang Jianfei, many film and television works of the original time and space did not appear.  For example, Ang Lee's "Father Trilogy", such as Pan Yingzi's "The Queen" and "The Princess", Zhao Yazhi's "The White Snake", "Joking Qianlong" and so on.  In another time and space, "The Legend of the White Snake" was originally a script tailor-made for Zhao Yazhi by the TV station after "Joking about Qianlong" became a hit.  Now that she has never gone to Taiwan to develop, this work has naturally disappeared.  What makes Kang Jianfei gratified is that Ang Lee finally showed his power this year after working as an assistant director and director (all commercial films) for many years.  After the Spring Festival, he wrote a script called "Horse Racing". The male protagonist is an apprentice jockey who has just received his certificate.  On the surface, this movie is about Hong Kong horse racing, with some kung fu and comedy elements mixed in, but at its core it is about the relationship between people, people and animals, and people and the city.  Art comes from life. In the original time and space, Ang Lee was able to make the "Father Trilogy" because he was depressed for a long time and was willing to be a housewife. He was born in Taiwan and lives in the United States.  His works therefore tend to show the collision and fusion of Eastern and Western cultures, with very deep and keen observations on families.  But things are different now. Ang Lee has been living in Hong Kong for ten years, and his focus has completely changed. He has an alienated colonial thinking mode. Kang Jianfei is very much looking forward to his work.  In the United States, the listing of Oriental Network Technology Company has also reached the final stage.  On January 22, the company submitted an IPO prospectus to the U.S. Securities and Exchange Commission, intending to raise US$200 million, and also disclosed the shareholder structure and partial shareholding proportions.  On February 18, the list of multiple partners and their employment status were disclosed for the first time. The list of eight board members of future listed companies was also announced, and the total revenue for the 1995 fiscal year was also updated.  On March 11, with the capital injection from the two major consortiums, the company¡¯s valuation increased again, the stock price rose from US$12 per share to US$18, and the number of board members increased to 11.  On April 16, the company was listed on the NASDAQ exchange in the United States with the stock trading code "EITC".  On April 18, revenue for the first quarter of 1996 was announced.  On April 27, the IPO pricing range was announced for the first time to be US$20-23, based on which the company¡¯s market valuation was calculated to be 500 million-575 million.  On May 10, Oriental Network Technology Company was listed on Nasdaq.  After a 35-minute inquiry, the U.S. dollar opened and closed at $36. The stock price rose 31% on the first day.  By the end of the first week of trading on May 14, Oriental Network Technology¡¯s share price had risen to US$54, and the company¡¯s market value had soared to US$1.35 billion.  The whole world was shocked because this was the first Internet technology stock in history.  Its astonishing stock gains have not only stimulated countless people to devote themselves to Internet entrepreneurship, but also made local tycoons keen to invest in Internet companies.  The Internet bubble was born from this, and it continued to grow bigger every year, until a few years later it burst with a "bang" and mourned all over the world.  Due to the multi-faceted advantages of browsers, portals and search engines, Oriental Network Technology Company is far more successful than Yahoo in history, at least attracting more investors during the private placement stage.  So far, the top ten shareholders of Oriental Network Technology Company are as follows: Dream Fund (21%, a venture capital institution temporarily established by Kang Jianfei), Oriental Media (6.2%), Vanguard Group (5.8%), Paramount (4.9%  ), Fidelity Group (4.3%), State Street Group (4.1%), Blackstone Group (3.5), Thomas (2.8%), Northern Trust (2.6%), GCM (2.5%).  As for the 10% shares that Kang Jianfei gave to Little Fatty Jim, after two rounds of private placements, they have been diluted to only 0.6%.  Even so, he still has a net worth of more than 8 million US dollars. Considering the current stock price rise, it only takes a few days to become a multimillionaire.  EITC has become another tech startup myth after Microsoft and Apple. The company¡¯s CEO, Jiang Qinghua, was on the cover of the third issue of Time magazine in May, and the boss behind the scenes, Kang Jianfei, was immediately exposed.  According to statistics from Fortune magazine, Kang Jianfei¡¯s net worth skyrocketed by US$350 million within one week of EITC¡¯s listing on Nasdaq.  This is US$350 million in 1996!  The most terrifying thing is the rising stock price of Oriental Network Technology Company, which fully proves what is called an Internet bubble.  By the end of June, the issue price had soared from US$23 to an incredible US$81, which was almost the same as Microsoft's stock price.  The market value of EITC has grown to US$2 billion, quadrupling in just one and a half months.  Do you think it¡¯s outrageous?  There are even more outrageous ones.  In the original time and space, the price of Yahoo stockThe current price was even lower, but it soared to $475 within 4 years, an increase of nearly 20 times.  After "Time" magazine interviewed Jiang Qinghua, it seemed that it still felt that it was still unfinished, so it flew to Hong Kong specifically to interview Kang Jianfei.  On the cover of that issue, Kang Jianfei's photo was juxtaposed with Bill Gates, and they were given a very middle-class title - "Technology Darlings".  As for Steve Jobs, hehe, Apple was in trouble this year, and he resigned ten years ago.  Jobs is now working on animation, and Pixar was founded by him. Last year's "Toy Story" was a great box office hit.  Now when people mention technology entrepreneurship, they will think of Bill Gates and Kang Jianfei.  In the Internet boom, Kang Jianfei has always been a benchmark figure.  Hong Kong¡¯s stock market closely follows the pace of the United States, and the astonishing performance of EITC on Nasdaq is seen by Hong Kong¡¯s wealthy, stockholders and traders.  Especially after Kang Jianfei was exposed as the boss behind the scenes, public opinion in Hong Kong was also in turmoil.  Soon, the headquarters of Oriental Technology Company announced that Hong Kong¡¯s Oriental Charm Network would be merged into the EITC. This Traditional Chinese website mainly serves Hong Kong, Taiwan and Macau.  At the same time, EITC set up a branch in Zhongguancun, Beijing, and opened the simplified Chinese website of Oriental Charm Network. ? Continuous good news came out, and EITC¡¯s stock price broke through the $90 mark.  Jin Yong has already given up a large number of Mingpao Group shares at the beginning of the year, completely relinquishing his actual position, and only held the fictitious position of president.  Now Oriental Media has become the largest shareholder of Ming Pao Group. Perhaps in two or three years, it will be able to completely acquire Ming Pao Group.  After the news of EITC reached Hong Kong, Jin Yong personally wrote a praise article: "the first generation of Hong Kong's richest people were engaged in freight transportation, and the four major shipping kings were a sign of success at that time. The second generation of Hong Kong's richest people were engaged in real estate, and now Hong Kong's  More than half of the top ten families made their fortunes in real estate. It seems that Hong Kong's development has nothing to do with technology Kang Jianfei is an exception. He was born in the cultural and entertainment industry, but now he has become a wealthy superstar on the other side of the ocean through the Internet. This may be true.  It can give young people in Hong Kong an inspiration not to be limited to the small Hong Kong Island, but to look to the whole world and get in touch with the latest and most cutting-edge technology, so as to gain more opportunities"
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