Chapter 292: MiHoYo is in hand

Only by establishing a long video platform can we fully control the entire entertainment industry chain.

Being a content producer for iQiyi, Youku and Tencent Video is not as good as starting your own platform . Previously, Qi Sheng had put this plan on hold due to lack of funds.

The initial 2 billion yuan is just an appetizer.

Zhang Wei alone, even if he is a master-level talent, would not be able to do it at all.

What Qi Sheng lacks the least is talent.

He has 300 elite talent recruitment cards alone.

Qi Sheng waved his hand and directly recruited 150 elite programmers.

As one of the first backbone talents of Xingchen Video.

When Zhang Wei saw these elite soldiers under his command, he was so happy that his back teeth almost showed.

He was a little hesitant about completing the development and testing of the video platform within three months.

But with so many elite programmers, he dared to issue a military order to Qi Sheng.

The boss is the boss, this is a strong talent pool.

If we count the domestic Internet companies, only Alibaba, Penguin and ByteDance can do this.

"Mr. Zhang, you can rest assured to leave the technical work to us."

A young man wearing black-framed glasses and with long middle-parted hair smiled and spoke confidently to Zhang Wei.

"I think I've seen you somewhere..."

Zhang Wei looked at the tall and thin young man in front of him and suddenly asked in surprise: "Are you Zhong Zhao?"

"Hey, I will be your soldier from now on!"

Zhong Zhao smiled and nodded, his brows full of confidence in his abilities.

As an algorithm genius, he received a top-salary offer from Huawei's Talented Youth Program.

Zhong Zhao has been honored to have delivered amazing results time and again.

However, at the age of 29, Zhong Zhao has already become a master in the field of algorithms based on system evaluation.

Genius is so unreasonable.

"Haha, I feel completely relieved to have you in charge of the technical department."

"We have three months to build the platform and make it the best it can be!"

The moment Zhang Wei saw Zhong Zhao, he was completely convinced by his boss.

With Zhong Zhao's ability, he must be Huawei's most valued talent.

This kind of talent can also be poached by the boss.

Zhang Wei thought about it for a long time, and could only describe it as having great supernatural powers.

Qi Sheng did not lie to him and assigned him elite soldiers and generals.

"Don't worry, Mr. Zhang. My team and I will definitely deliver results that will satisfy you and Mr. Qi within three months!"

Zhong Zhao doesn't like to brag, but he is full of confidence.

All the talented people around me have excellent abilities.

Even at Huawei, where he worked before, they were all elite backbones.

With their cooperation and my own abilities.

It's just a small video platform, what's the difficulty? "By the way, we will temporarily work in the Huashang Financial Center."

"Once the project is officially launched, if President Qi is satisfied, he will reward us with a headquarters building!"

After Zhang Wei finished speaking, he saw Zhong Zhao and the others looking stunned.

Hehe, it’s not that he has never seen the world.

Looking at the entire Internet circle, I have never heard of such a generous boss.

Before even seeing any sign of profitability from the project, he smashed up a headquarters building.

"The boss is awesome!"

Even though they own a headquarters building, it has little to do with them.

But the sense of accomplishment that comes from being rewarded for their hard work still makes them involuntarily excited.

"Except for the headquarters building, everyone in the technical department will receive a year-end bonus starting at three months' salary!"

Zhang Wei smiled and said, "The best performing employees will receive 12 months of year-end bonuses. I think everyone knows this, right?"

"Don't worry, Mr. Zhang. At worst, we can just stay and eat in the company."

They dare not even dream of a 12-month year-end bonus.

But if you work hard and get 6 months' salary, there is still great hope.

Although they are very loyal to Qi Sheng, this does not stop them from wanting to make more money.

At most, I will work harder and won't be tempted by headhunters to change jobs.

…

Qi Sheng felt very relieved because Zhang Wei and Zhong Zhao were at Xingchen Video.

Right now his focus is still on Spicy King.

Since Lawang’s valuation exceeded 10 billion US dollars, it has attracted the attention of many sovereign wealth funds.

Unlike other companies, when the company reaches the 10 billion US dollar level, the growth rate begins to slow down.

The growth rate of Spicy King is increasing continuously, as if it is unreasonable.

According to the information they collected.

La Wang’s average single-store turnover rate has increased to more than 5 times.

The table turnover rate alone is enough to beat Haidilao.

In terms of average customer spending, Lawang is also far ahead.

Most importantly, Lawang's net profit is very high.

Several investment offers Yuan Li received recently.

The valuation offered for Lawang has risen to 30 billion US dollars, and there is still a lot of room for negotiation.

Compared with the previous round of valuation, it has tripled.

This shows how optimistic these sovereign wealth funds are about Lawang.

"Then release 5% of the shares."

Qi Sheng doesn't really care who invests, as long as they are willing to pay.

Lawang itself has excellent profitability and is not in urgent need of funds.

This round of financing is more about raising the stock price.

"Okay, Mr. Qi."

Yuan Li hung up the phone and her brows relaxed.

After Lawang completes this round of financing, it will also start preparing for its IPO.

"Boss Jin, our Chairman Qi is very willing to accept Temasek's investment. This round of shares released is relatively small. I wonder how many shares you are willing to take?"

Yuan Li poured a cup of hot tea for Jin Ying, who was sent by Temasek, and asked politely.

"If possible, we hope to acquire all the shares released by Lawang in this round."

Jin Ying is very optimistic about La Wang, and the resolution they passed internally coincides with hers.

At all costs, get as many Lawang shares as possible.

"Mr. Jin, according to the current valuation, you have to pay 1.5 billion US dollars at once. Are you sure you don't want to consider it?"

Yuan Li was very surprised and felt secretly moved in her heart.

As expected of a sovereign fund, its move was earth-shattering.

"Don't worry, Mr. Yuan. We at Temasek have no shortage of funds. As long as a company has potential, we will never hesitate to invest."

Jin Ying smiled faintly and said, "And Spicy King is our most promising star project. We believe it has the potential to be worth more than 100 billion US dollars!"

"Of course, but I need to think about it. I will get back to you as soon as possible."

Yuan Li has already received a satisfactory response from Temasek, and also wants to hear whether the quotations of other sovereign funds will increase.

"I understand. I will wait for good news from President Yuan."

Jin Ying was not surprised at all, as she had the right to take advantage of the situation this time.

As long as the valuation of Lawang does not exceed 50 billion US dollars, she can match it directly.

After seeing Jin Ying off, Yuan Li immediately contacted several other sovereign funds.

Including the two previous shareholders, Sequoia and Black Ant have also received notifications.

Given Sequoia's size, it is still possible to follow the investment.

But Black Ant Capital can only watch and sigh.

"Mr. Yuan, we at Black Ant Capital will give up the follow-up investment and accept the equity dilution."

He Yu didn't feel depressed at all. Instead, the corners of his mouth couldn't help but curl up wildly.

Judging from the trend of this round of financing for Lawang, Temasek’s valuation of US$30 billion may not be realized.

Several top sovereign wealth funds, which are also financially strong, will not miss such high-quality projects that are sure to make profits.

Just as He Yu expected.

Sovereign funds from Norway, Abu Dhabi and Qatar all sent people to hold talks with Yuan Li.

The valuation soared from 30 billion US dollars to 45 billion US dollars.

When valuations reach this level, even these sovereign wealth funds are somewhat hesitant.

Jin Ying directly offered a valuation of US$50 billion, completely defeating other sovereign wealth funds.

Even Sequoia didn’t know how Temasek negotiated the deal and chose not to follow suit.

Lawang’s Series C financing is more like a special event for Temasek.

A sky-high valuation of 50 billion US dollars! Even Qi Sheng was shocked after signing it.

Although he is very confident in Lawang, its market value will definitely exceed one trillion in the future.

But that's all for the future.

Such a high valuation at the moment was really beyond his expectations.

The entire investment circle was shocked by Temasek's big gamble this time.

The last domestic company with a valuation of US$50 billion was ByteDance, one of the new three giants.

There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!

But ByteDance and Lawang are on completely different tracks.

It is simply outrageous that a company with such a valuation can appear in the hotpot market.

But Temasek has invested real money.

Many investors have been forced to take notice of this new leader in the hotpot industry.

It is no exaggeration to say that it is the leader.

In the past, Haidilao was barely qualified to be a reference for the title of “Spicy King”.

Now, Lawang has replaced it as the leader in the hot pot market.

Temasek’s investment is the biggest benefit to Qisheng.

What's more, the shares he holds are more valuable.

Lawang is different from Internet companies. Qi Sheng never thought about setting up an options pool.

The talents provided by the system are all loyal to him.

What's more, the salary he offered was definitely very generous.

Therefore, after this round of financing, Qi Sheng still holds 81.22% of the shares.

What does that mean? Qi Sheng’s shares are worth 40 billion US dollars.

Converted into RMB, that's a full 280 billion.

As long as Qi Sheng wanted, he could replace Lao Ma in minutes and become the richest man.

Well, let Lao Ma enjoy the glory for him.

Qi Sheng plans to pledge his shares to raise some funds.

With Lawang's growth momentum, there will be no shortage of interested banks willing to provide loans.

Qi Sheng enjoys the cooperation with CCB as he doesn't have to bother two people with one thing.

Because of his relationship, his old friend Zhou Yu was promoted to the position of deputy president of the Chengdu Construction Bank branch.

Although they are both deputy governors, their positions are completely different.

Zhou Yu was naturally extremely grateful to Qi Sheng.

His personal connections were one reason why he was able to rise so quickly.

More importantly, I met a noble man named Qi Sheng.

"Mr. Qi, our bank has decided to provide you with a low-interest loan of 3 billion US dollars, and the interest rate can be reduced to 4% at the lowest."

Zhou Yu also contributed a lot.

In addition, Lawang’s rapid development momentum has also brought it investment from Temasek.

The risk control rating within CCB was also very excellent, which is why it was able to pass.

"3 billion US dollars... it's okay."

Qi Sheng nodded slightly, quite satisfied.

"Well, Mr. Qi, this number is already very large."

“Even with the size of Alibaba and Penguin, the amount of loans they can get is only this amount.”

Zhou Yu wiped the cold sweat from his forehead and was frightened by Qi Sheng's appetite.

This is 21 billion yuan in cash, and Qi Sheng is still not satisfied.

"Zhou Xing, I have something else to do. Let's get together when we have time."

After Qi Sheng obtained the funds, he naturally wanted to strike while the iron was hot and take over miHoYo in advance.

If you don't act quickly, the system's offer will get higher and higher.

Even Qi Sheng felt a little pain.

"Okay, I'll wait for Director Qi's call anytime."

When Zhou Yu heard this, he immediately smiled.

I didn't feel at ease until Qi Sheng got into the Cullinan and left.

Before that, he could still show his courtesy through Chu Qing.

But Chu Qing had resigned long ago and became her rich wife.

Zhou Yu could only try his best, hoping to maintain this relationship.

In the workplace, everyone has the ambition to move up.

"Zhou Xing, we just detected that the funds in Director Qi's account were suddenly transferred on a large scale and a company called Mihoyo was acquired."

As soon as Zhou Yu returned to the office, he heard his secretary come in to report.

"MiHoYo?"

Zhou Yu looked surprised and asked curiously, "What company is that?"

"It is a gaming company that is quite famous in the ACG community. Mr. Qi used 12 billion in cash to become the new owner of the company."

The male secretary who was reporting could not hide his amazement and envy in his tone.

At the same age, he is still struggling for a meager income.

However, they can easily use tens of billions of funds to complete an acquisition of this scale.

"I understand. You must report to me immediately about any developments regarding Director Qi."

Zhou Yu waved his hand and warned seriously.

"clear."

The secretary knew it clearly in his mind. Everyone knew that Zhou Yu climbed up the ladder so fast because he had the right person to cling to.

Zhou Yu is the only one who has such shitty luck.

"MiHoYo, I guess I need to pay more attention to this company in the future."

Zhou Yu turned on his computer and searched for the game company, muttering to himself thoughtfully.

Based on his understanding of Qi Sheng, he would never do a business that would result in a loss.

Under his personal witness, Lawang has grown from strength to strength and become the current leader in the hotpot market.

Now, Qi Sheng has used tens of billions of funds to acquire MiHoYo.

If you say it's just for fun, it can only fool some fools.

But after checking the information over and over again, Zhou Yu still couldn't see any potential in this company.

The few games we produced previously had quite good profits.

But if it really had potential, it would have been acquired by Penguin and NetEase long ago.

“The epic game masterpiece “Genshin Impact” is currently undergoing intensive testing…”

Zhou Yu did notice that this game was said to have taken three years to develop.

Could it be that Qi Sheng acquired this company just for this game? ...

When Qi Sheng saw that the equity change of miHoYo had been completed, he breathed a sigh of relief.

Shengxuan Group has absolute control over miHoYo, with a shareholding ratio of up to 100%.

The system's power of compulsory acquisition is indeed somewhat unreasonable.

But it was he who benefited from it.

Qi Sheng wished that the system's authority would be as powerful as possible.

For the three founders of miHoYo, it’s not too much of a loss.

Everyone received at least 2 billion yuan.

As long as you don't do anything stupid, you will never spend all the money in your lifetime.

As for whether they will create another miHoYo, Qi Sheng is not worried at all.

This kind of money-making masterpiece is not so easy to produce.

Even if they have the funds, it will take at least two to three years to recruit new talent to develop games.

With this much time, Qi Sheng would have already counted the money until his hands were tired.

Besides, there are talents provided by the system.

In his hands, miHoYo will only be more glorious than its previous life.

It would only take a year for "Genshin Impact" to be released, which would be enough for him to easily make back his investment.

After that, it's all pure profit! Do you like the happiness of making tens of billions of dollars every year without doing anything? (End of this chapter)