Four hundred and seventieth chapters deceived the feelings of the little brother
Penguin carefully analyzed the reasons why the operation of Stimulus Battlefield was not as good as expected, and a large part of it was attributed to the live broadcast of the game.
While "Army Attack" was warming up, Penguin quickly completed financing for Douyu Live and Huya Live.
Invested US$460 million in Huya and acquired 34.6% of the shares, becoming the second largest shareholder after Huya’s parent company Huya Era.
He invested US$630 million in Douyu and became the largest shareholder of Douyu, with a shareholding ratio of 43.1%, much higher than the 18.6% held by Cheng Shaojie and other senior executives combined.
Ruixiang participated in Douyu’s Series A financing, invested US$8 million, and obtained 8% of Douyu’s shares.
After three rounds of dilution in Series B, Series C and Series D, the company still holds 5.75% of Douyu shares.
But because of Ruixiang's special relationship with Zhonghe Group and his bad relationship with Penguin.
Cheng Shaojie teamed up with Penguin to clear out more than five points of Ruixiang's shares through this E-round financing.
Ruixiang did not suffer any loss and got back 1.15 billion yuan. Compared with the investment of 8 million US dollars, the return rate was as high as 22 times!
Douyu and Huya are building momentum for "Army Attack", and the live broadcast section of DouYu, Kuaishou, and Bilibili is not idle either. A group of anchors are broadcasting "PUBG" live to netizens every day.
The power of domestic live broadcast platforms has thus been divided into two factions.
After receiving a huge amount of financing from Penguin, Douyu and Huya were not idle. In order to please Ma Ge, they began to dig hard at DouShi, Kuaishou, and Bilibili.
Zhonghe Group was not a fool, and immediately activated its "money power", placing sky-high contracts in front of game anchors.
Zhonghe Group looked like it was not short of money, which made Douyu and Huya calm down a little.
After all, Penguin is a godfather, not a biological father. If one day he dislikes them because they are old and lustful, wouldn't it be the end?
Zhang Yida is very satisfied with this result. If the enemy is ruthless, you must be more ruthless than him. Only in this way can the enemy be afraid of you.
After Zhonghe Group received a US$600 million investment from Sony, its cash reserves have been strengthened again.
The three money printing machines of Kuaishou live broadcast, DouShi ads, and PlayerUnknown's Battlegrounds mobile game are operating at full capacity, and Zhonghe Group's cash flow has gradually become positive.
In terms of equity, after Zhonghe Group completed the purchase of copyrights from three major record companies and a cash investment of US$600 million from Sony, Zhang Yida’s shareholding dropped from 59.47% to 58.64%.
This shareholding ratio is relatively high. Zhang Yida no longer uses the private funds stored in the family office to increase his holdings. After all, eggs cannot be put in one basket.
Take Zhonghe Group as an example. From its inception to the present, he has used private funds to make several rounds of additional investments, which add up to almost US$2 billion.
For ordinary entrepreneurs, this may be an astronomical figure.
Fortunately, he cashed out a lot from Yimin Wangjin, Yimin Wealth, and Yimin Dai, as well as private investments such as OYO Hotel and Blue Hole, and also received generous returns.
…
"Mr. Sun, congratulations. From today on, you will be the second largest shareholder of Ruixiang and Zhonghe!"
Liu Zhiping happily shook hands with Son Zhengyi. Although the matter was delayed until January, he finally sold his shares at a good price.
Sun Zhengyi's eyes narrowed into slits as he smiled, and he couldn't be more satisfied with this deal.
It acquired a 16.362% stake in Ruixiang Group for US$8.7 billion, and a 14.25% stake in Zhonghe Group for US$6.4 billion (the latest round of financing diluted 0.2%).
This is equivalent to a 20% discount on Ruixiang Group’s valuation of US$66.6 billion, and a 30% discount on Zhonghe Group’s valuation of US$64.2 billion.
With an investment of US$15.1 billion, Son believes that this huge gamble will not disappoint him.
Although entering the game relatively late, Son Zhengyi firmly believes that Ruixiang and Zhonghe will definitely grow into giants with a valuation/market value of hundreds of billions of dollars.
This judgment not only comes from his good impression of Zhang Yida, but also contains his own analysis.
Ahri and Penguin are old, and their claws are no longer sharp. However, Zhonghe is the rising star of the Internet with its keenness to expand its territory around the world.
Liu Zhiping looked at the self-satisfied Sun Zhengyi and thought to himself, will this famous Internet emperor encounter the Waterloo of life here with Zhang Yida?
He couldn't give a definite answer, because Penguin couldn't defeat the two little giants Ruixiang and Zhonghe.
Penguin and SoftBank held a grand press conference, invited hundreds of reporters, and announced the equity transfer transaction of US$15.1 billion, equivalent to RMB 105 billion.
Such a large-scale gesture is rare in China, not to mention rare in the Internet circles around the world.
Excited reporters began to ask questions one after another, and Liu Zhiping patiently explained.
Reporter: "Choose to sell Ruixiang and Zhonghe's equity at this moment, does it mean that Penguin is not optimistic about the development of these two companies?"
Liu Zhiping: "The main reason is that we have different ideas. Now we are sharp and united, very much like the Penguins before 2010."
What does this mean?
Immediately, some reporters began to wonder, wouldn’t 2010 be the Penguins before the 3Q war?
In the past, Penguin had to get involved in every field, but it was only after the 3Q war that it slowly started to open up.
Now Ruixiang is said to have obtained all financial licenses, while Zhonghe is aggressively attacking in the entertainment sector.
Don't tell me, it really looks like a penguin before 2010.
Looking at the reporters whispering among each other, Liu Zhiping smiled. He just wanted to give Zhang Yida some eye drops.
The reason why we held such a grand press conference was to completely draw a clear line between us and Ruixiang and Zhonghe, and announce to netizens across the country: Penguin and Ruixiang and Zhonghe have parted ways.
Next, Ruixiang and Zhonghe will face the crazy attack of Penguin.
Not only do we want to let the outside world see the fate of the traitors, but we also want to give the gangsters who are ready to make a move, Didi.
Son Zhengyi was a little unhappy, but it was not his turn to speak yet, so he would tolerate it for now.
The reporter who wanted to stir up trouble asked again: "I heard that Penguin provided a lot of help in the early days of Ruixiang and Zhonghe.
Now that Penguin and the two companies have parted ways, how does Mr. Liu evaluate Zhang Yida?"
Liu Zhiping pondered for a moment and said into the microphone: "Mr. Zhang has great ambitions and is a person who is unwilling to be inferior to others."
The reporters understood another layer of meaning. If you don't want to be inferior to others, doesn't it mean that there is a traitor in the back of your head?
Zhang Yida has just become the richest man in the country. He is in the limelight and is very topical.
Reporters were eager for Liu Zhiping to break the news, but Liu Zhiping stopped talking and stopped answering questions.
Then Son Zhengyi began to answer reporters’ questions.
Reporter: "How does Mr. Sun Zhengyi view the competition between Ahri and Pinduoduo? Does buying a stake in Zhonghe Group mean that you are dissatisfied with Ahri's current situation?"
Masayoshi Son: "Both companies are very good technology companies. Competition will make the industry more prosperous and bring greater convenience to consumers."
Reporter: "Then how do you evaluate Mr. Zhang Yida?"
Sun Zhengyi glanced at Liu Zhiping and replied with a smile: "Mr. Zhang is the most powerful entrepreneur I have ever seen. He has keen vision, advanced business insights, and excellent leadership..."
Reporter: "The most powerful entrepreneur? Including Mr. Jack Ma?"
Son Zhengyi had a smile on his face, but he was already MMP in his heart.
He smiled and said: "Mr. Jackma was not as young as Mr. Zhang when he started his business."
The reporters laughed when they heard this. In terms of business achievements, Zhang Yida is still a step ahead of Jack.
But compared to his age, Zhang Yida is more than two rounds younger.
Zhang Yida looked at the overwhelming discussions on the Internet. Some said that he failed to live up to the cultivation of Xiao Ma, and some said that he deceived Xiao Ma's feelings;
There are also those who say that Penguin forced him to rebel, that Penguin played a hegemonic role, whatever the case may be,
Completely cutting off Penguin, although in the short term, it will do more harm than good.
But in the long run, after clarifying the relationship, the shareholders of Ruixiang and Zhonghe will work together to make the cake bigger.