As for whether the market will accept it, Bilibili is not very confident.
Therefore, they plan to sell episodes based on their number of episodes; if the data is satisfactory, they will continue; if the data is unsatisfactory, they will stop. They're copying the American subscription television system.
American TV series with good ratings will continue to be produced, while projects with poor ratings will be canceled early.
Tencent welcomes the introduction of more investors, but it cannot accept ByteDance's entry.
There is a fundamental conflict of interest between ByteDance and Tencent.
However, ByteDance's offer was too high; ByteDance's asking price was twice the price per share that Kechuang Bio would pay.
It has risen by 100%.
The transfer of shares from DaMi and Goose Factory to Kechuang Bio involved numerous rounds of negotiations.
The participants are not limited to these three companies; they also include a series of external compliance agencies such as legal teams and accounting firms.
Therefore, prices are almost transparent to internet giants.
At the time, there was a heated discussion within ByteDance about whether they should pay a 100% premium to buy shares in Kechuang Future.
Zhang Yiming ultimately made the decision:
"Is a 100% price increase expensive? I don't think so. In fact, it's incredibly cheap."
We are an internet company, and Douyin has reached the ceiling of what it can do; it has basically reached its limit.
We also find it difficult to compete with Kuaishou and Bilibili for customers. I can proudly say that we are almost at the ceiling of this industry.
What's next? VR is a hot topic in the industry, and investors in all the internet industries have seen the opportunities in this field. Kechuang Future is the best company in the VR field.
To become a shareholder of such a rapidly developing company and gain access to the future internet revolution for only a 100% premium seems like an incredibly cheap deal.
Let me give you a very simple example to the executives present today. Some of you may have heard it before, and some may not.
This case occurred about ten years ago when Midea acquired Kuka, a German robotics manufacturer.
The situation was similar to the present at that time. The home appliance industry had reached its ceiling, the wave of the "home appliances to the countryside" program had passed, and the real estate boom was nearing its end.
The white goods market has shifted from a growth market to a stock market, and almost all home appliance companies are facing transformation. Gree has chosen to make mobile phones and develop smart home appliances.
Of course, Gree also wanted to get involved in new energy during this period, but it did not pass the board resolution.
Returning to Midea, Midea's choice was to manufacture high-end robots. They spent four billion euros to acquire a robot manufacturer that was already declining at the time.
They also agreed not to participate in the other party's operations or interfere with Kuka's personnel changes.
Midea paid a premium of two to three times in order to enter the new market.
The reason why Midea is able to take a step ahead of Gree today is because they chose to enter a new field and successfully achieved internal strategic transformation.
Kuka faces many competitors, while Kechuang Bio has no competitors in the high-end VR field.
We also need to transform, and investing in Kechuang Future now is our best opportunity.
To add a brief summary, when Midea acquired Kuka, the PE ratios of the other three robot companies of similar size and level to Kuka were all around 15.
Midea acquired Kuka at a price with a PE ratio as high as 48, a premium of three times, and at the time Kuka was still on the decline.
The market has already reacted ahead of the launch of the second-generation brain-computer interface VR.
The prices of VR R/F FT products, which were already inflated before, have been driven up even higher.
Previously, NFT products based on Futureverse were five to ten times more expensive than ordinary NFT products.
Recently, it has surged to fifteen times.
Tencent has made a fortune from the NFT project.
As for the once-popular metaverse real estate speculation and metaverse NFT products, they have almost all died out.
By the time they've developed their metaverse, the futureverse will have already captured 90% of the market.
The fundamental value of NFT, or blockchain products in general, lies in consensus.
When 90% of users are on one platform, and you lack consensus, where is the value?
Therefore, the project's initiators led the way by absconding.
A large number of retail investors were harvested, and the cryptocurrency market is incredibly ruthless in its exploitation, far more so than the A-share market.
Having dabbled in the cryptocurrency world, going back to look at the A-shares market can only be described as tender and affectionate.
......
Li Miaomiao continued, "Recently, Microsoft approached us to discuss cooperation. Firstly, Microsoft hopes to cooperate with us in the field of industrial VR."
This matter went through many rounds of negotiations, and we were able to enter overseas markets through Microsoft.
The only point of contention is that Microsoft wants us to be merely technology providers.
However, we need to obtain data in the field of industrial VR, and ideally, we should further obtain the data that Microsoft has accumulated in the industrial internet.
The other party is very unwilling to compromise and has been negotiating this point repeatedly recently.
In addition, Microsoft expressed its desire to collaborate with us on VR.
They stated that they could build a desktop computer in virtual space, allowing users to operate it within the VR environment.
When Li Miaomiao first heard Microsoft's requirements, she thought to herself, "Are you kidding me?"
Why would you need a desktop computer for VR?
Microsoft later explained in detail that brain-computer interface VR can currently only be used as an entertainment tool, not a productivity tool.
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