The focus of the directors quickly shifted from Pinduoduo to Blue Hole Studio.
Zhang Yida began to describe Zhonghe Group's future game blueprint for them.
“Domestically, we can use the promotional resources of TikTok, Kuaishou, Rocket Video, and Bilibili to conduct game live broadcasts and allow users to shoot short videos to promote games.
Abroad, we also have musical.ly, a killer tool that reaches hundreds of millions of young people.
The PC side has achieved such brilliant results, and the mobile side... is even more of a gold mine.
We adopt a free model and monetize through charging for props...
If operated properly, it can increase revenue by at least US$2 billion a year.”
Bao Zheyu quickly made calculations. With a revenue of US$2 billion a year, based on a price-to-sales ratio of 5 times, this game business sector can also reach a valuation of US$10 billion.
It can almost offset the losses caused by the damage to Pinduoduo’s business.
Besides, Pinduoduo is not dead yet. Even without Penguin’s traffic tilt, live streaming e-commerce should be able to make up for it.
He began to convince himself that one side was the e-commerce business that was losing money, and the other side was the cash cow business.
For money, let alone falling out with penguins. Even if you fall out with God, you are not afraid.
"Then how much is Blue Hole Game Studio valued?"
Bao Zheyu was the first to ask everyone's thoughts.
"Five billion U.S. dollars!" Zhang Yida replied.
All the directors nodded. This price is reasonable. A company that became famous in one fell swoop with one game lacks foundation. Who knows whether you can maintain this momentum in the future?
If the valuation is too high, they will definitely not do it. What's more, this company is still solely owned by Zhang Yida. Who knows if there is anything fishy?
"Zhonghe Group first acquired Kuaishou, and then invested in various companies to establish companies. Doesn't it have that much cash in its account?" Blackstone Zhang Liping asked.
Zhang Yida nodded and added: "So I plan to adopt an all-equity merger and acquisition.
With the continuous cash flow from the gaming and advertising sectors, the development of e-commerce and entertainment sectors will also receive strong support."
A group of directors had a lively chat with Zhang Yida, while Liu Zhiping watched all this with cold eyes.
In his opinion, Zhang Yida is determined to make a game. Is this a stalemate with Penguin?
No, we must inform Pony immediately and ask him to give up all illusions and fully suppress the Zhonghe Group.
In addition, the stocks in hand cannot be kept and are all converted into cash, which can be used to attack Zhonghe Group.
The board of directors concluded. Zhang Yida appeased all shareholders except Penguin and reached a resolution to acquire Blue Hole Studio.
Zhonghe Group has dispatched a due diligence team and will go to South Korea to complete the transaction in the shortest possible time.
At the same time, Zhonghe Group has listed two subsidiaries, one is called Zhonghe Games and the other is called Zhonghe Esports.
In addition, Pinduoduo received a special fund of US$500 million from the group headquarters.
This fund will not be used for other purposes, but will be used specifically to guide users to migrate from WeChat to the Pinduoduo independent app.
Pinduoduo pulls data from the backend and specifically targets users who shop on WeChat mini-programs and official accounts, and issues several vouchers to each person, which can only be used in the app.
In addition, we are organizing people to develop "password spelling", preparing to learn Taobao's Taobao password to avoid WeChat's traffic blocking.
The traffic entrance of the twelve-square grid is currently reserved for Pinduoduo by Penguin.
Because the signed agreement has not yet expired, Penguin does not dare to violate the agreement and remove it from the shelves. After all, it will have to pay a sky-high liquidated damages.
However, the ban on WeChat groups, WeChat official accounts, and mini programs still makes Pinduoduo uncomfortable.
At this point, Zhang Yida no longer had any illusions about Penguin, and he devoted all his efforts to creating independent app traffic for Pinduoduo.
Fortunately, Pinduoduo currently has 300 million users. Although Penguin’s ban is very painful, it will not kill Pinduoduo with a stick.
After Tiantian Toutiao went online, in addition to gaining traffic from multiple short video software promotions, it also launched a set of game play methods similar to Pinduoduo, inviting users to make money by watching news.
To be honest, this gameplay is not suitable for long-term use. In the previous life, Qutoutiao reached a dead end.
Once user subsidies are stopped, a large number of users will be lost, directly turning users into wooly parties.
Zhang Yida is considering gradually replacing user rewards with Pinduoduo shopping coupons and guiding users to Pinduoduo shopping.
The newly developed movie ticket purchasing software "Buying Ticket Man" is also available on Pinduoduo, Touronghui, DouShi, Kuaishou and other platforms.
PiaoPiaoXia has cooperated with many offline cinemas including Wanda Cinemas, and its functions are similar to those of TaoPiaoPiao and Maoyan Movies. The main difference lies in market share.
This requires time accumulation and burning money to slowly make up the gap.
After Rocket Video obtained the copyright authorization from LeTV, it finally set up the shelves for each column of the long video.
Although they are all old movies and TV series, and they are not exclusive, at least the software is not as miserable as before.
Rocket Video is currently free of charge. Tik Tok and Kuaishou will also play some edited movies and TV series highlights to attract users to download Rocket Video.
The number of rocket video users is increasing steadily, and it is getting closer and closer to the goal of 50 million daily active users.
But Zhang Yida is very clear that Rocket Video’s current foundation is still very shallow. If it wants to catch up with Youaiteng, it will need to invest more in self-made content and copyright procurement.
Leather bag company Zhongphoto Industry has also put on a show of strength and hired more than a dozen people involved in film and television investment.
Two investments were made, one for Wandering Earth and one for Nezha: The Demon Boy Comes to the World.
…
"Old Xu, it is absolutely wise for you to give up your worry-free future and choose to form an alliance with Bole.com."
Hearing what Zhang Yida said, Xu Dandan was somewhat embarrassed.
Because it is not an alliance at all, but a betrayal, he plans to sell the controlling stake of Lagou.com to Zhonghe Group.
Originally, he and 51job were about to come to an agreement, but angel investor Xu Xiaoming drew him to Zhonghe Group.
He and Zhang Yida had known each other several years ago and were both members of the Young Entrepreneurs Association.
Watching junior Zhang Yida's career grow day by day, he first criticized Ahri and now slapped Penguin, and everyone in the industry is praising him.
Ahri and Penguin have been suffering for a long time in the world!
Even Magnesium Tuan and Didi have to look up to others, let alone ordinary entrepreneurs!
Whether Zhang Yida wins this battle or not, it will not affect his status in the minds of domestic entrepreneurs at all.
If it defeats Penguin, the position of the third largest Internet company in the country will be stable.
He is thirteen years older than Zhang Yida, and he started his own business a few years earlier, but now he has reached the point where he is selling himself out to the company, which makes people sigh.
Xu Xiaoming introduced the price offered by 51job.com, which is US$120 million for a 60% stake in Lagou.com.
In other words, Lagou.com is valued at US$200 million.
Zhang Yida has seen Lagou.com's financial report before. Last year's revenue was nearly 200 million yuan, and the company's valuation of 200 million US dollars is not high.
The choice to acquire Lagou.com was also due to its position and influence in the vertically segmented recruitment field of the Internet.
Together with Lagou.com, Xiaomeng, and Bole.com, the three companies can just form an ecological closed loop of campus social networking, workplace social networking, and Internet recruitment.
Zhang Yida actually wanted to fully acquire Lagou.com, but Xu Dandan was unwilling to do so.
When he negotiated with 51job, he was only willing to sell 60% of his shares.
"Yida, keeping 40% of the shares in the hands of the management will also help mobilize their enthusiasm." Xu Xiaoming advised from the side.
Xu Xiaoming added: “For Zhonghe Group, e-commerce, short videos, and pan-culture entertainment are the core sectors.
Xiao Meng, Bole, and Lagou.com, all three together are worth less than a billion dollars."
Xu Xiaoming is also in a state of disbelief now, and even a billion-dollar unicorn is just a piece of cake in his mouth.
However, what he said made sense. Zhang Yida thought about it and realized that it was indeed necessary to arrest the big ones and let go the small ones, so he agreed to Xu Dandan's request.
Invested US$120 million in cash to Lagou.com and obtained 60% of the company's shares. Lagou.com became a holding subsidiary of Zhonghe Group.
Counting Lagou.com and Bluehole, which is about to be completed, Zhonghe Group already has 15 subsidiaries, which can be called an APP factory.
The other 13 companies are: DouShi, Kuaishou, Pinduoduo, Musical.ly, Ji Meng, Bole, Xiao Meng, Tiantian Toutiao, Rocket Video, Buying Ticket Man, Zhonghe Games, Zhonghe Esports, Zhonghe Industry, etc.
Subsidiaries that have been officially operational.
Zhonghe Chinese Network, Zhonghe Animation, and Zhonghe Music have been registered but have not officially opened yet.
In addition, Bilibili, Noon Sunshine, and Canxing Culture are joint-stock companies.