Li Shuyao asked curiously, "How much? Thirty percent?"

"Fifty percent: if a virtual real estate unit sells for one million, half a million will be allocated to Pengcheng City."

Li Shuyao: "The scope of the situation opened up instantly. No wonder the Pengcheng Municipal Government personally stood up for them."

What about Futureverse? I remember it was said before that Futureverse would tax transactions that occur on Futureverse.

Similar to the Apple tax, will Huanyu-Pengcheng be able to collect this tax?

I reckon Tencent (the company behind Tencent) wouldn't be willing.

"In the future, science and technology innovation will be taxed. This tax will be based on the fees charged for virtual goods or services. Tencent has positioned Huanyu-Pengcheng as virtual real estate."

In other words, it's an actual product, which is something we can't charge for.

Just like the VR marketplace that JD.com creates, selling products to consumers, we can't charge JD.com for every single transaction—it's the same principle.

Li Miaomiao continued, "We consider Tencent's NFT to be a virtual service, so we will levy a science and technology innovation tax on it."

However, virtual real estate is indeed difficult to define.

Tencent is already willing to give up 50% of its profits to Pengcheng, which is definitely because virtual real estate is exempt from the science and technology innovation tax.

Their logic makes sense, because virtual real estate is recognized by the Pengcheng Municipal Government, and every virtual real estate transaction is registered with the Housing Management Bureau.

If we are to levy a science and technology innovation tax, then do we also have the authority to levy taxes on subsequent secondhand housing transactions between users?

Li Shuyao lay motionless on the sofa in the luxury suite, thinking, "Tencent is really bold."

In fact, giving Pengcheng 30% of the profits would be enough, or even 10%, Pengcheng would be willing to accept.

But they are willing to give up 50%.

If you give more at the beginning, Pengcheng will provide the highest level of cooperation in many aspects.

Tencent also holds the initiative in the future, whether it's the connection between virtual real estate and real-world institutions, or the subsequent establishment of public schools and hospitals.

Currently, it's only private schools and hospitals, but Tencent is so savvy; once Shenzhen experiences the benefits, public institutions will definitely follow suit.

"Other internet companies will definitely follow suit. Just wait and see how cities all over the country are moved into VR."

Li Miaomiao smiled and said, "Not all companies have this capability."

Not all virtual cities created by companies will attract enough buyers.

Moreover, if other companies want to follow suit, it will take a long time just to talk to local governments and then to the owners of urban building copyrights.

With further development, the most important aspect of this type of application is its exquisite visuals.

Not to mention that Tencent has also given the virtual Pengcheng a lot of extra value.

It's easy to imitate something, but it's very difficult to actually do it.

"Believe me, most companies aren't thinking about how to do this well and create a virtual city; they're thinking about how to use this gimmick to create hype."

To boost the market value of their own products in the secondary market.

Or, to put it another way, how to use this gimmick to attract investors to continue investing money.

For example, an internet company can obtain authorization from a third-tier city in China and then use that as a gimmick to attract investment.

This is similar to how investors were willing to invest in bike-sharing companies back then as long as they had licenses. Li Shuyao has been in the financial industry for a long time and knows the common practices in this field well.

Angel investing may sound risky, but in reality, as long as you're not the last one to buy in, you can make a profit.

ofo rose very quickly, reaching a valuation of over one billion US dollars in just two years. However, it went bankrupt due to cash flow problems and a disordered business model, and its decline was equally rapid.

But as long as you weren't one of the last investors to enter the market, you all made money.

Therefore, Li Shuyao had a premonition that the virtual real estate industry would be rife with chaos, and a large amount of hot money would flood into the industry.

Of course, the most important thing to look at is the sales performance of the virtual real estate released by Tencent in the first round.

In today's sluggish real estate market, it remains to be seen how many people will actually buy into virtual real estate.

Li Miaomiao: "I don't know about other companies, but we won't develop similar applications."

Li Shuyao: "You are not short of money. With brain-computer interface technology in hand, you have already established a foundational technology to control the future world."

You don't need to get involved yourself.

Moreover, I think it's too late to start developing virtual cities now.

I believe you can also obtain authorization from Suzhou City, and if you are willing to move your headquarters to Shanghai, Shanghai City is even willing to grant you authorization.

However, once you've perfected the product, how much profit you'll still have is entirely unknown.

Forcibly pushing it out would seriously damage the company's image.

For Tencent, the impact on its corporate image is irrelevant.

Li Miaomiao added, "Actually, it's not that important to us."

After all, our main business is with enterprises.

We won't do that, mainly because we're not an internet company.

There aren't that many programmers.

"Furthermore, Tencent's creation of 'Global Pengcheng' is not just about bringing Pengcheng into VR."

They hoped that Huanyu-Pengcheng would become a surreal existence.