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Chapter 305 Weixin breaks the circle, Tengda panics, Ari asks for cooperation!
Chapter 305 Weixin breaks the circle, Tengda panics, Ari asks for cooperation!
Zhang Shuo agreed to open Panda Live to Tenda, which is also a continuation of the previous business strategy adjustment.
In addition to opening up the financing gates for non-core businesses, it is also gradually shifting the budding core strategy from the Internet to the manufacturing industry represented by mobile phones, semiconductors, and electric vehicles.
In the Internet business, it is not appropriate to invest too much operating funds.
"By the way, when talking about investment with Tengda, you have to act quickly. It's best to sign the investment contract before next week." Zhang Shuo specially instructed Zhao Xiaohu.
"Is it so urgent?" Zhao Xiaohu was puzzled.
"You think, isn't Weixin going to release a major update next week? When Weixin is updated and threatens the status of ICQ, then Tengda will feel better. What if it goes back on its word?" Zhang Shuo reminded with a smile.
"...Is that the reason?"
Zhao Xiaohu agrees with his mouth, but he is very weird in his heart, always feeling that the boss is a devil.
Zhang Shuo was also very helpless.
He agreed to Pangda's live broadcast financing. He originally wanted to show his favor to Tengda and at the same time drive a wedge between Scarlet Capital and Tengda, but he couldn't stand the business conflict between Germination and Tengda.
Nothing will get better.
At most, it can only release a little kindness, and don't tear the surface completely.
.........
the next day.
When I was eating with Tang Yu and the others at noon, I unconsciously talked about my graduation project.
"Ah, I'm going crazy, and I haven't finished the first draft until now." Recently, Tang Yu almost fell into anxiety in order to prepare her graduation thesis.
"Me too."
Murong Yan was even worse. Ever since she became an anchor, she had no intention of studying.
"Heh, scumbag."
Zhang Shuo was not sympathetic at all. Compared with master's and doctoral dissertations, undergraduate graduation thesis should not be too simple. As long as you work hard, you can basically pass the defense.
There is a very interesting metaphor on the Internet to describe the difference in difficulty between the three.
Doctoral dissertation - "There should be a bird in this room, you should think of a way, find out where it is, and come up with an original tool to knock it down."
Master's thesis - "There should be a bird in the direction of my finger, take the equipment that the teacher gave you and knock it down."
Undergraduate Thesis - "Look, there's a dead bird in front of you, pick it up and give it to me."
That is to say, as long as you prepare carefully and have taken classes carefully before, there is basically no difficulty in passing the undergraduate graduation project, but the degree of completion varies.
"Third brother, you are standing and talking without back pain."
Tang Yu was very annoyed. Although she loved to play, she basically didn't skip classes or fail subjects.
"I'm not talking nonsense. Look at Xiaoxi, the graduation project has already been finished."
"Ha ha."
Tang Yu rolled his eyes at Zhang Shuo, "Xiaoxi is a god of learning, how can he compare with ordinary people like us?" Ever since he won the Youth Award, Gu Xiaoxi has become a legend in Binhai University.
"Not only a god of learning, but also a little rich woman."
Murong Yan and the others already knew about Gu Xiaoxi's purchase of a house, and they couldn't restrain the envy in their eyes.
.........
While Zhang Shuo was in the library, Zhao Xiaohu's actions were also very fast.
He originally came from Tengda and has a wide network of contacts in Tengda. He quickly got in touch with Tengda and expressed his willingness to cooperate with Tengda in the field of game live broadcasting.
The result is.
The second master called the two generals Lu Jian and Yu Yu together to discuss.
"Does this count as Mengya's gesture of favor to us?" Lu Jian had a playful expression.
In the eyes of the outside world, although Qingcheng Group has raised A round of financing, Germinal is still an iron rooster on the whole, and it is also very protective. It has many projects in its hands, but never raises externally.
It is rare that this time he even took the initiative to come to ask for cooperation.
"Mr. Ya is not really kind. It is because the development of Pangda's live broadcast has encountered a bottleneck and urgently needs to cooperate with us. That's why Baba came to us." Fengyu saw through the intention behind Mengya at once.
"Then what's your opinion, do you want to agree to cooperate with Germination?" Second Master asked.
"We can cooperate."
Yu Yu's attitude is also very clear, "No matter what small plans Germination has, being able to take the opportunity to invest in Panda Live is a win-win for us, and there is nothing to tangle with."
Although he has already invested in Huya Live, but from Tengda's point of view, he naturally hopes to catch them all.
"That's the truth."
The second master's sense of Zhang Shuo is also extremely complicated, but no matter how complicated it is, Tengda has no reason to refuse the cooperation opportunity presented to him.
"Investment is investment, and the support for Huya's live broadcast cannot be interrupted, and even more support is required. It is best for us to follow the example of Germination and incubate a game live broadcast software by ourselves, and strive to form a three-legged pattern. Germination is one of them. Tengda accounts for the third, and basically can remain invincible."
The second master deserves to be the second master, and he will never forget the horse racing mechanism wherever he goes.
From Tengda’s point of view, the biggest significance of this opportunity to invest in Panda’s live broadcast is not to promote the games under Tengda, but to take the opportunity to break into the inside of Germination.
"Absolutely!!"
Lu Jian and Yu Yu gave thumbs up together.
.........
Both sides have a consensus, and the negotiation will be very fast.
After the communication on Tuesday, the two sides dispatched a negotiating team to start negotiations on specific investment terms the next day.
Under Zhao Xiaohu's deliberate promotion, the two parties finalized the investment contract on Friday.
The overall valuation of Panda Live is 20 billion, and the A round of financing is launched. Tenda is the main investor, with an investment of 3 million, and a 15% stake in Panda Live.
The prerequisite is that Panda Live will be authorized to broadcast games under Tenda.
The valuation of 2 billion is already relatively high for a live broadcast software that has been in operation for less than a year, but from a budding perspective, this deal seems uneconomical.
Because Sprout does not lack these [-] million funds.
It only needs to be delayed for another year and a half, and when the daily activities of Pangda live broadcast are higher and the business model operation is more mature, it will be very easy to double the valuation.
For nothing, Tengda picked up a bargain.
This is also the main reason why, in the initial stage of entrepreneurship, including the initial stage of software operation such as Qingcheng Technology and Tiantian Toutiao, Zhang Shuo resolutely refused to open up financing.
Germination Group itself can act as an investor in the subsidiary, why let outside investors take advantage?
Even if it is to be released, it will wait until these projects rely on the Sprout Group to complete the blood transfusion and survive the Angel round, A round, and B round on their own before considering external financing.
Just like the Green Orange Group.
The valuation of the A round of financing is as high as 160 billion, which is equivalent to the conventionally exceeded C round of financing.
Panda Live could also take similar actions, but because of the particularity of the game live broadcast business, it must be supported by Tenda, so it chose to reluctantly part with it and introduce Tenda's investment in advance.
The valuation of 2 billion already takes into account a part of the premium.
If you don’t choose to cooperate with Tengda and only rely on the games under Jade Bird Interactive Entertainment, "Tianya Mingyue Knife" is not suitable for live broadcast, let alone "PUBG Mobile" will have to wait until next year.
By then the day lily will be cold.
Don't forget, Pangda Live has Huya Live as a competitor.
After Tengda invested in Yaya live broadcast in advance, it has already started to separate the game live broadcast business separately, and created Huya live broadcast, becoming the biggest competitor of Pangda live broadcast.
For more than a year, Panda couldn't afford to delay the live broadcast.
Precisely because it has the initiative to negotiate, Tenda also put forward additional requirements for the shareholding ratio of Panda Live, requiring that the shareholding ratio of Panda Live should not be less than 30%.
Otherwise, Tengda would not have any right to speak in the face of Qinghe Technology, the super major shareholder.
But Panda Live does not need such funds now.
Under the compromise, a combination of financing + share transfer was adopted. In addition to the A round of financing, Qinghe Technology will also transfer an additional 3.5% of the shares of Panda Live to Tenda at a price of 15 million.
It not only meets the requirements of Tengda's shareholding ratio, but also allows Qinghe Technology to obtain a working capital.
Win-win! ! !
.........
Monday, May 3.
Yu Yu on behalf of Tengda, Zhao Xiaohu on behalf of Qinghe Technology, attended the signing ceremony.
The news quickly spread online.
"What's the situation, Tengda actually teamed up with Germination? It's really strange!"
"Oh, not bad anthracene."
"It's very good. I like Dota 2 and I also play CF. I used to watch the live broadcast on two platforms. Now it's fine. I just need to live in Panda Live."
"So, are you sure that Dota 2 and League of Legends players won't fight?"
Recently, Dota 2 players and "League of Legends" players have often faced each other online. Dota fans say that LOL is too low, and LOL fans say that Dota is too self-satisfied.
This has to be live broadcasted on one platform, and fans can't do without fighting.
"Wouldn't that be more fun?"
"It's very exciting. I can't resist the urge to match lanes."
Generally speaking, netizens are still very optimistic about Tenda’s investment. From the player’s point of view, of course, they hope to see all kinds of game live broadcasts on one live broadcast platform.
rather than tear each other apart.
As for the pain of tearing, the netizens who watch the drama probably have the most say, it's really painful.
In addition to the joy of netizens, there is also a group of people cheering, that is, the game anchors of "League of Legends" and "Cross Fire", or young people who are interested in becoming game anchors.
In the game live broadcasting track, although Panda Live started later than Huya Live, under Zhang Shuo’s personal guidance, Panda Live is a slap in the face of Huya Live in terms of user experience, reward mechanism, and even the anchor agent. It is also the first choice for game anchors.
Dundun Huyu is also unequivocal about signing game anchors and spending money.
These people have been greedy for a long time, but because Panda Live cannot live broadcast "League of Legends" and "Cross Fire", they can only look at the ocean and sigh. Now, the opportunity has finally come!
Why don't you hurry up and rush? !
As a result, on the day the news was announced, Panda Live added more than 1000 new registered game anchors and more than [-] new registered users, ushering in another wave of rapid growth.
With this move, Zhang Shuo was right.
In addition to the joy of netizens and the continuous enlightenment of Germinal, following the launch of the second financing after Qingcheng Group, the venture capital circle is also very excited, looking forward to Germinal’s continued opening.
For such a big unicorn, if they don't get a share of it, I'm really sorry for their name.
The only thing I'm not happy with may be Scarlet Capital.
"What kind of medicine are you selling in Germinal Gourd?" Regarding Tengda's sudden investment in Pangda's live broadcast, Tan Chairen must have been uncomfortable and confused. He always felt that there was a conspiracy in it.
If it's confusing, Tengda really doesn't need to look at Scarlet Capital's face, Tan Chairen can only bear it.
.........
Tuesday, July 3.
"Pangda Live's user reputation is very good."
Seeing that with just one cooperation, Pangda live broadcast is like getting through the two veins of Ren and Du, ushering in traffic take-off again, attracting a large number of anchors and new users, Tengda is still a little caught off guard.
"According to such a development trend, not to mention the live broadcast platform that has not yet started incubation within us, even the current Huya live broadcast will be overwhelmed by Pangda live broadcast."
This made Tengda feel a sense of crisis again.
"Is it better to have a bird in hand than a thousand birds in the forest?"
The second master was still confident before, thinking that Tengda was the third, and Germinal was the first, and he was sure to win.
Now it's a little bottomless again.
"At the end of the day, the products of Germination are good. In this regard, we have to learn from Germination."
Surprises are surprises, this time the second master didn't mess up.
No matter how you say it, Tengda already holds 30% of the shares of Panda Live, and also enjoys priority investment rights to ensure that the shares it holds will not be greatly diluted.
The hotter Panda's live broadcast is, the more Tengda will benefit from it.
The second game live broadcast track itself is not the core business of Tenda, at most it is a derivative business of the game business, and it does not need to achieve a controlling stake.
So the second master can still remain calm.
While the two were chatting, Lu Jian hurried in with a dignified expression.
"What happened?"
The second master was very surprised, but he rarely saw Lu Jian lose his composure like this.
"See for yourself!"
Lu Jian took out his mobile phone and clicked on the Tiantian Toutiao client, the title was impressively——
"Shocking!!! Weixin updated to version 7.0, and he actually wants to do this!!!"
Ok.
The standard shock body has won the true biography of the UC shock department.
Click on the news, but Weixin has released version 7.0. In addition to optimizing the previous version, it also launched three main functions of "Weixin Official Account", "Change" and "Game Center" in one go.
It marks that Weixin has officially moved from a social software to a platform strategy.
At the same time as Weixin was updated, Qinghe Technology also held an on-site press conference with Binhai City officials, officially announcing the "Weixin Smart Life" industry-wide solution, which is specifically reflected in——
Based on Weixin official account + Weixin payment, it helps traditional industries to "transplant" the original business model to Weixin platform. The service capabilities involved include: mobile e-commerce entrance, user identification, data analysis, payment and settlement , customer relationship maintenance, after-sales service and rights protection, social promotion, etc.
This also indicates that Weixin will increase the pace of commercialization and opening up, provide connection capabilities for partners, and promote the mobile Internet transformation of enterprise users' business models.
By providing partners with the ability to "connect everything", Weixin plans to create a new "smart" lifestyle, including but not limited to Weixin paying electricity bills, Weixin shopping, Weixin medical care, Weixin hotels, etc. , hotels, retail, department stores, catering, ticketing, express delivery, universities, e-commerce, people's livelihood and other dozens of industries provide standard solutions.
It was also announced at the press conference that Weixin will use Binhai City as a pilot to launch a "smart city" solution.
The two parties will cooperate in depth. Binhai City will connect Weixin to various convenient ports such as social security, hospital registration, water, electricity and gas payment, official office appointments, and traffic violation payment, so as to accelerate the electronic office.
"This……"
After reading the news, Second Master's expression became serious.
What a big deal!
Tengda can be said to be the originator of social networking in China, and also the most socially savvy. The second master has only read the news. Although he can't get a glimpse of the whole picture, he has already realized how wonderful Weixin's step is.
I couldn't even help cheering in my heart!
Erye has been thinking about ICQ's mobile strategy, is it really a matter of simply moving a bunch of functions from the PC to the mobile, and then optimizing the UI, user experience, etc., and it's over?
Is it really that simple?
Things were going so smoothly, but the second master felt a little unreal, and sometimes felt uneasy, always worried that there would be hidden dangers buried in places he could not see.
But it has been puzzled.
Maybe I didn’t think there was anything before, because compared with Weichat, Michat, and Weixin, three pure mobile social software, ICQ did not show any signs of decline or inappropriateness.
Or.
It is Weixin, which has always been sought after by people. Except for a few functions such as voice calls, video calls, and circle of friends, it has not shown how amazing, or subversive.
They are still in the social circle.
Just like the current version of ICQ, it has already realized voice calls and video calls, and has also optimized the ICQ space to be as close as possible to the functions of the circle of friends.
Even the red envelope function launched by Weixin at the end of last year was quickly followed by ICQ.
It doesn't seem too abrupt.
Therefore, on the whole, ICQ has never been inferior in the competition with Weixin.
Until Weixin's update this time.
"Platform-based operation, can it be said that this is the ultimate form of mobile social networking?"
The second master lost his composure, not because Weixin was ahead of ICQ in function innovation again, it's nothing, it's just that relevant functions will be added later.
With the advantages of user scale, ICQ has always been able to catch up before.
But this time is different.
Weixin took too big a step this time, almost a subversive design, which directly suppressed Weixin's social attributes to the minimum, and began to pursue platform-based operations instead.
This is what ICQ is most difficult to imitate.
why?
Because after more than ten years of development, the functions of ICQ itself are already very bloated, and the interface is already complicated enough, and some functions of mobile phone ICQ have been deliberately deleted.
The amount of reduction that can be made is very limited.
Because every function of ICQ is connected to one or more businesses of Tenda, which is related to the survival of one or several departments, which can be said to affect the whole body.
Where is it so easy to delete?
This is the reason why the ship turned around in a catastrophe.
Compared with ICQ, which has already "fossilized interests", it is better to start from scratch and re-draw on a piece of white paper. This is also the underlying logic of Tengda's development of Weichat.
It's a pity that Weichat was born a few months late, and was put down by the monstrous Weixin.
Today, Weichat has completely turned to socializing with strangers. It is no longer possible to turn around, learn from Weixin, develop official accounts, and engage in platform-based operations.
Because the major premise of platform-based operation is to socialize with acquaintances.
Micro chat has been "wasted".
Both ICQ and Weichat products cannot learn from Weixin's new functions, which is the reason for Erye's gaffe.
The trick is useless!
"Boss, what should we do now?" Lu Jian also panicked.
Don't blame him for panicking.
If the game business is the main profit point of Tengda, then social networking is the lifeblood of Tengda and the foundation of Tengda Building. Once the foundation is unstable, it will shake the ground.
"Don't panic."
The second master can still maintain his composure, what he is most afraid of now is getting himself into chaos.
"Let the two development teams, ICQ and Weichat, write a detailed product analysis report for Weixin's new version update. After the report comes out, we will hold a meeting to discuss specific countermeasures."
"it is good!"
Lu Jian and Yan Yu looked at each other, and they both saw the uneasiness in their eyes at that time.
.........
The birth of Weixin version 7.0 shocked not only the Tengda family, but also the entire industry, such as Ari.
"Zhang Shuo, this boy, has made another big move not long ago. He is really a genius." This time even the uncle was full of praise for Zhang Shuo, and he was still in a very happy mood.
The logic is also very simple -
The hotter Weixin was, the greater the threat to Tengda, and the happier he was.
"What I'm more worried about is that the Green Orange Group is already invincible in the future local life service track with such a super traffic portal as Weixin." Ren Xiaoyao is more pragmatic.
even though.
Shortly after merging the mold group, in order to dispel the doubts of the Big Three, Qingcheng Group issued a public statement, stating that the business strategy of Qingcheng Xiaozhu will remain unchanged and will not participate in the subsidy war.
It can be regarded as a reassurance for the Big Three.
But this moment, that moment.
Zhao Xiaohu made it very clear at the press conference that Weixin will be a connector in the future. To put it bluntly, it is a traffic portal, serving various business formats that require traffic, such as games, food delivery, and e-commerce.
Isn't the Green Orange Group the first to get the moon if it is close to the water?
"It's meaningless to worry about the Green Orange Group. What I'm more concerned about is whether Ari can cooperate with Mengya in depth so that Mobao can get a first-level traffic entry in Weixin?"
The layout of the uncle is obviously bigger.
Compared with local life services whose prospects are still unclear, e-commerce is the foundation of Ari.
If Weixin can help Mobao accelerate its mobile transformation with the help of Weixin, the direct or indirect benefits it will bring to Ari will definitely be hundreds of billions of dollars.
What is the local life service?
"Also, if Mengya doesn't cooperate with us and chooses to support other e-commerce companies, such as Jingdong, what will happen in the future?" the uncle said to himself.
"This……"
Ren Xiaoyao was already in a cold sweat.
Only then did he realize that Weixin's breaking the circle this time may not only affect the Tengda family, but vaguely reshape the traffic pattern of the mobile Internet.
This is scary! ! !
"Get in touch with Germination as soon as possible."
This was Ren Xiaoyao's subconscious thought, "Why don't I go to Binhai City myself?"
"I'm going." The uncle obviously also attaches great importance to this matter, "Before Germination and Jingdong hook up, we must place enough chips in advance to ensure nothing goes wrong."
"What chips are you talking about?"
On the contrary, Ren Xiaoyao is in a hurry again, how much bargaining chip does this have to be?
"Let's see what conditions Germination proposes." The uncle was also a little stuck.
The cooperation chips that Ari can offer are actually not many. It is impossible to give Ari shares, and the uncle himself does not have much. After calculation, it seems that only cash is left.
But how much cash can you take out?
Based on Ahri's working capital, 10 billion would be enough.
No more.
The question is, with just 10 billion, can we win Weixin's first-level entrance?
Hard!
After Weixin started, the value of the first-level entrance is not only in the traffic itself, but also in its strong exclusivity. It is also an e-commerce company, who gets it and who doesn't, the difference is very big.
Germination can completely choose one of the two.
This is also the fundamental reason why the original space-time Tengda was able to do a job with ease in the Internet industry, and gathered a group of Tengda-related Internet companies around it, forming the Tengda Jianghu.
Traffic is king! ! !
(End of this chapter)
Zhang Shuo agreed to open Panda Live to Tenda, which is also a continuation of the previous business strategy adjustment.
In addition to opening up the financing gates for non-core businesses, it is also gradually shifting the budding core strategy from the Internet to the manufacturing industry represented by mobile phones, semiconductors, and electric vehicles.
In the Internet business, it is not appropriate to invest too much operating funds.
"By the way, when talking about investment with Tengda, you have to act quickly. It's best to sign the investment contract before next week." Zhang Shuo specially instructed Zhao Xiaohu.
"Is it so urgent?" Zhao Xiaohu was puzzled.
"You think, isn't Weixin going to release a major update next week? When Weixin is updated and threatens the status of ICQ, then Tengda will feel better. What if it goes back on its word?" Zhang Shuo reminded with a smile.
"...Is that the reason?"
Zhao Xiaohu agrees with his mouth, but he is very weird in his heart, always feeling that the boss is a devil.
Zhang Shuo was also very helpless.
He agreed to Pangda's live broadcast financing. He originally wanted to show his favor to Tengda and at the same time drive a wedge between Scarlet Capital and Tengda, but he couldn't stand the business conflict between Germination and Tengda.
Nothing will get better.
At most, it can only release a little kindness, and don't tear the surface completely.
.........
the next day.
When I was eating with Tang Yu and the others at noon, I unconsciously talked about my graduation project.
"Ah, I'm going crazy, and I haven't finished the first draft until now." Recently, Tang Yu almost fell into anxiety in order to prepare her graduation thesis.
"Me too."
Murong Yan was even worse. Ever since she became an anchor, she had no intention of studying.
"Heh, scumbag."
Zhang Shuo was not sympathetic at all. Compared with master's and doctoral dissertations, undergraduate graduation thesis should not be too simple. As long as you work hard, you can basically pass the defense.
There is a very interesting metaphor on the Internet to describe the difference in difficulty between the three.
Doctoral dissertation - "There should be a bird in this room, you should think of a way, find out where it is, and come up with an original tool to knock it down."
Master's thesis - "There should be a bird in the direction of my finger, take the equipment that the teacher gave you and knock it down."
Undergraduate Thesis - "Look, there's a dead bird in front of you, pick it up and give it to me."
That is to say, as long as you prepare carefully and have taken classes carefully before, there is basically no difficulty in passing the undergraduate graduation project, but the degree of completion varies.
"Third brother, you are standing and talking without back pain."
Tang Yu was very annoyed. Although she loved to play, she basically didn't skip classes or fail subjects.
"I'm not talking nonsense. Look at Xiaoxi, the graduation project has already been finished."
"Ha ha."
Tang Yu rolled his eyes at Zhang Shuo, "Xiaoxi is a god of learning, how can he compare with ordinary people like us?" Ever since he won the Youth Award, Gu Xiaoxi has become a legend in Binhai University.
"Not only a god of learning, but also a little rich woman."
Murong Yan and the others already knew about Gu Xiaoxi's purchase of a house, and they couldn't restrain the envy in their eyes.
.........
While Zhang Shuo was in the library, Zhao Xiaohu's actions were also very fast.
He originally came from Tengda and has a wide network of contacts in Tengda. He quickly got in touch with Tengda and expressed his willingness to cooperate with Tengda in the field of game live broadcasting.
The result is.
The second master called the two generals Lu Jian and Yu Yu together to discuss.
"Does this count as Mengya's gesture of favor to us?" Lu Jian had a playful expression.
In the eyes of the outside world, although Qingcheng Group has raised A round of financing, Germinal is still an iron rooster on the whole, and it is also very protective. It has many projects in its hands, but never raises externally.
It is rare that this time he even took the initiative to come to ask for cooperation.
"Mr. Ya is not really kind. It is because the development of Pangda's live broadcast has encountered a bottleneck and urgently needs to cooperate with us. That's why Baba came to us." Fengyu saw through the intention behind Mengya at once.
"Then what's your opinion, do you want to agree to cooperate with Germination?" Second Master asked.
"We can cooperate."
Yu Yu's attitude is also very clear, "No matter what small plans Germination has, being able to take the opportunity to invest in Panda Live is a win-win for us, and there is nothing to tangle with."
Although he has already invested in Huya Live, but from Tengda's point of view, he naturally hopes to catch them all.
"That's the truth."
The second master's sense of Zhang Shuo is also extremely complicated, but no matter how complicated it is, Tengda has no reason to refuse the cooperation opportunity presented to him.
"Investment is investment, and the support for Huya's live broadcast cannot be interrupted, and even more support is required. It is best for us to follow the example of Germination and incubate a game live broadcast software by ourselves, and strive to form a three-legged pattern. Germination is one of them. Tengda accounts for the third, and basically can remain invincible."
The second master deserves to be the second master, and he will never forget the horse racing mechanism wherever he goes.
From Tengda’s point of view, the biggest significance of this opportunity to invest in Panda’s live broadcast is not to promote the games under Tengda, but to take the opportunity to break into the inside of Germination.
"Absolutely!!"
Lu Jian and Yu Yu gave thumbs up together.
.........
Both sides have a consensus, and the negotiation will be very fast.
After the communication on Tuesday, the two sides dispatched a negotiating team to start negotiations on specific investment terms the next day.
Under Zhao Xiaohu's deliberate promotion, the two parties finalized the investment contract on Friday.
The overall valuation of Panda Live is 20 billion, and the A round of financing is launched. Tenda is the main investor, with an investment of 3 million, and a 15% stake in Panda Live.
The prerequisite is that Panda Live will be authorized to broadcast games under Tenda.
The valuation of 2 billion is already relatively high for a live broadcast software that has been in operation for less than a year, but from a budding perspective, this deal seems uneconomical.
Because Sprout does not lack these [-] million funds.
It only needs to be delayed for another year and a half, and when the daily activities of Pangda live broadcast are higher and the business model operation is more mature, it will be very easy to double the valuation.
For nothing, Tengda picked up a bargain.
This is also the main reason why, in the initial stage of entrepreneurship, including the initial stage of software operation such as Qingcheng Technology and Tiantian Toutiao, Zhang Shuo resolutely refused to open up financing.
Germination Group itself can act as an investor in the subsidiary, why let outside investors take advantage?
Even if it is to be released, it will wait until these projects rely on the Sprout Group to complete the blood transfusion and survive the Angel round, A round, and B round on their own before considering external financing.
Just like the Green Orange Group.
The valuation of the A round of financing is as high as 160 billion, which is equivalent to the conventionally exceeded C round of financing.
Panda Live could also take similar actions, but because of the particularity of the game live broadcast business, it must be supported by Tenda, so it chose to reluctantly part with it and introduce Tenda's investment in advance.
The valuation of 2 billion already takes into account a part of the premium.
If you don’t choose to cooperate with Tengda and only rely on the games under Jade Bird Interactive Entertainment, "Tianya Mingyue Knife" is not suitable for live broadcast, let alone "PUBG Mobile" will have to wait until next year.
By then the day lily will be cold.
Don't forget, Pangda Live has Huya Live as a competitor.
After Tengda invested in Yaya live broadcast in advance, it has already started to separate the game live broadcast business separately, and created Huya live broadcast, becoming the biggest competitor of Pangda live broadcast.
For more than a year, Panda couldn't afford to delay the live broadcast.
Precisely because it has the initiative to negotiate, Tenda also put forward additional requirements for the shareholding ratio of Panda Live, requiring that the shareholding ratio of Panda Live should not be less than 30%.
Otherwise, Tengda would not have any right to speak in the face of Qinghe Technology, the super major shareholder.
But Panda Live does not need such funds now.
Under the compromise, a combination of financing + share transfer was adopted. In addition to the A round of financing, Qinghe Technology will also transfer an additional 3.5% of the shares of Panda Live to Tenda at a price of 15 million.
It not only meets the requirements of Tengda's shareholding ratio, but also allows Qinghe Technology to obtain a working capital.
Win-win! ! !
.........
Monday, May 3.
Yu Yu on behalf of Tengda, Zhao Xiaohu on behalf of Qinghe Technology, attended the signing ceremony.
The news quickly spread online.
"What's the situation, Tengda actually teamed up with Germination? It's really strange!"
"Oh, not bad anthracene."
"It's very good. I like Dota 2 and I also play CF. I used to watch the live broadcast on two platforms. Now it's fine. I just need to live in Panda Live."
"So, are you sure that Dota 2 and League of Legends players won't fight?"
Recently, Dota 2 players and "League of Legends" players have often faced each other online. Dota fans say that LOL is too low, and LOL fans say that Dota is too self-satisfied.
This has to be live broadcasted on one platform, and fans can't do without fighting.
"Wouldn't that be more fun?"
"It's very exciting. I can't resist the urge to match lanes."
Generally speaking, netizens are still very optimistic about Tenda’s investment. From the player’s point of view, of course, they hope to see all kinds of game live broadcasts on one live broadcast platform.
rather than tear each other apart.
As for the pain of tearing, the netizens who watch the drama probably have the most say, it's really painful.
In addition to the joy of netizens, there is also a group of people cheering, that is, the game anchors of "League of Legends" and "Cross Fire", or young people who are interested in becoming game anchors.
In the game live broadcasting track, although Panda Live started later than Huya Live, under Zhang Shuo’s personal guidance, Panda Live is a slap in the face of Huya Live in terms of user experience, reward mechanism, and even the anchor agent. It is also the first choice for game anchors.
Dundun Huyu is also unequivocal about signing game anchors and spending money.
These people have been greedy for a long time, but because Panda Live cannot live broadcast "League of Legends" and "Cross Fire", they can only look at the ocean and sigh. Now, the opportunity has finally come!
Why don't you hurry up and rush? !
As a result, on the day the news was announced, Panda Live added more than 1000 new registered game anchors and more than [-] new registered users, ushering in another wave of rapid growth.
With this move, Zhang Shuo was right.
In addition to the joy of netizens and the continuous enlightenment of Germinal, following the launch of the second financing after Qingcheng Group, the venture capital circle is also very excited, looking forward to Germinal’s continued opening.
For such a big unicorn, if they don't get a share of it, I'm really sorry for their name.
The only thing I'm not happy with may be Scarlet Capital.
"What kind of medicine are you selling in Germinal Gourd?" Regarding Tengda's sudden investment in Pangda's live broadcast, Tan Chairen must have been uncomfortable and confused. He always felt that there was a conspiracy in it.
If it's confusing, Tengda really doesn't need to look at Scarlet Capital's face, Tan Chairen can only bear it.
.........
Tuesday, July 3.
"Pangda Live's user reputation is very good."
Seeing that with just one cooperation, Pangda live broadcast is like getting through the two veins of Ren and Du, ushering in traffic take-off again, attracting a large number of anchors and new users, Tengda is still a little caught off guard.
"According to such a development trend, not to mention the live broadcast platform that has not yet started incubation within us, even the current Huya live broadcast will be overwhelmed by Pangda live broadcast."
This made Tengda feel a sense of crisis again.
"Is it better to have a bird in hand than a thousand birds in the forest?"
The second master was still confident before, thinking that Tengda was the third, and Germinal was the first, and he was sure to win.
Now it's a little bottomless again.
"At the end of the day, the products of Germination are good. In this regard, we have to learn from Germination."
Surprises are surprises, this time the second master didn't mess up.
No matter how you say it, Tengda already holds 30% of the shares of Panda Live, and also enjoys priority investment rights to ensure that the shares it holds will not be greatly diluted.
The hotter Panda's live broadcast is, the more Tengda will benefit from it.
The second game live broadcast track itself is not the core business of Tenda, at most it is a derivative business of the game business, and it does not need to achieve a controlling stake.
So the second master can still remain calm.
While the two were chatting, Lu Jian hurried in with a dignified expression.
"What happened?"
The second master was very surprised, but he rarely saw Lu Jian lose his composure like this.
"See for yourself!"
Lu Jian took out his mobile phone and clicked on the Tiantian Toutiao client, the title was impressively——
"Shocking!!! Weixin updated to version 7.0, and he actually wants to do this!!!"
Ok.
The standard shock body has won the true biography of the UC shock department.
Click on the news, but Weixin has released version 7.0. In addition to optimizing the previous version, it also launched three main functions of "Weixin Official Account", "Change" and "Game Center" in one go.
It marks that Weixin has officially moved from a social software to a platform strategy.
At the same time as Weixin was updated, Qinghe Technology also held an on-site press conference with Binhai City officials, officially announcing the "Weixin Smart Life" industry-wide solution, which is specifically reflected in——
Based on Weixin official account + Weixin payment, it helps traditional industries to "transplant" the original business model to Weixin platform. The service capabilities involved include: mobile e-commerce entrance, user identification, data analysis, payment and settlement , customer relationship maintenance, after-sales service and rights protection, social promotion, etc.
This also indicates that Weixin will increase the pace of commercialization and opening up, provide connection capabilities for partners, and promote the mobile Internet transformation of enterprise users' business models.
By providing partners with the ability to "connect everything", Weixin plans to create a new "smart" lifestyle, including but not limited to Weixin paying electricity bills, Weixin shopping, Weixin medical care, Weixin hotels, etc. , hotels, retail, department stores, catering, ticketing, express delivery, universities, e-commerce, people's livelihood and other dozens of industries provide standard solutions.
It was also announced at the press conference that Weixin will use Binhai City as a pilot to launch a "smart city" solution.
The two parties will cooperate in depth. Binhai City will connect Weixin to various convenient ports such as social security, hospital registration, water, electricity and gas payment, official office appointments, and traffic violation payment, so as to accelerate the electronic office.
"This……"
After reading the news, Second Master's expression became serious.
What a big deal!
Tengda can be said to be the originator of social networking in China, and also the most socially savvy. The second master has only read the news. Although he can't get a glimpse of the whole picture, he has already realized how wonderful Weixin's step is.
I couldn't even help cheering in my heart!
Erye has been thinking about ICQ's mobile strategy, is it really a matter of simply moving a bunch of functions from the PC to the mobile, and then optimizing the UI, user experience, etc., and it's over?
Is it really that simple?
Things were going so smoothly, but the second master felt a little unreal, and sometimes felt uneasy, always worried that there would be hidden dangers buried in places he could not see.
But it has been puzzled.
Maybe I didn’t think there was anything before, because compared with Weichat, Michat, and Weixin, three pure mobile social software, ICQ did not show any signs of decline or inappropriateness.
Or.
It is Weixin, which has always been sought after by people. Except for a few functions such as voice calls, video calls, and circle of friends, it has not shown how amazing, or subversive.
They are still in the social circle.
Just like the current version of ICQ, it has already realized voice calls and video calls, and has also optimized the ICQ space to be as close as possible to the functions of the circle of friends.
Even the red envelope function launched by Weixin at the end of last year was quickly followed by ICQ.
It doesn't seem too abrupt.
Therefore, on the whole, ICQ has never been inferior in the competition with Weixin.
Until Weixin's update this time.
"Platform-based operation, can it be said that this is the ultimate form of mobile social networking?"
The second master lost his composure, not because Weixin was ahead of ICQ in function innovation again, it's nothing, it's just that relevant functions will be added later.
With the advantages of user scale, ICQ has always been able to catch up before.
But this time is different.
Weixin took too big a step this time, almost a subversive design, which directly suppressed Weixin's social attributes to the minimum, and began to pursue platform-based operations instead.
This is what ICQ is most difficult to imitate.
why?
Because after more than ten years of development, the functions of ICQ itself are already very bloated, and the interface is already complicated enough, and some functions of mobile phone ICQ have been deliberately deleted.
The amount of reduction that can be made is very limited.
Because every function of ICQ is connected to one or more businesses of Tenda, which is related to the survival of one or several departments, which can be said to affect the whole body.
Where is it so easy to delete?
This is the reason why the ship turned around in a catastrophe.
Compared with ICQ, which has already "fossilized interests", it is better to start from scratch and re-draw on a piece of white paper. This is also the underlying logic of Tengda's development of Weichat.
It's a pity that Weichat was born a few months late, and was put down by the monstrous Weixin.
Today, Weichat has completely turned to socializing with strangers. It is no longer possible to turn around, learn from Weixin, develop official accounts, and engage in platform-based operations.
Because the major premise of platform-based operation is to socialize with acquaintances.
Micro chat has been "wasted".
Both ICQ and Weichat products cannot learn from Weixin's new functions, which is the reason for Erye's gaffe.
The trick is useless!
"Boss, what should we do now?" Lu Jian also panicked.
Don't blame him for panicking.
If the game business is the main profit point of Tengda, then social networking is the lifeblood of Tengda and the foundation of Tengda Building. Once the foundation is unstable, it will shake the ground.
"Don't panic."
The second master can still maintain his composure, what he is most afraid of now is getting himself into chaos.
"Let the two development teams, ICQ and Weichat, write a detailed product analysis report for Weixin's new version update. After the report comes out, we will hold a meeting to discuss specific countermeasures."
"it is good!"
Lu Jian and Yan Yu looked at each other, and they both saw the uneasiness in their eyes at that time.
.........
The birth of Weixin version 7.0 shocked not only the Tengda family, but also the entire industry, such as Ari.
"Zhang Shuo, this boy, has made another big move not long ago. He is really a genius." This time even the uncle was full of praise for Zhang Shuo, and he was still in a very happy mood.
The logic is also very simple -
The hotter Weixin was, the greater the threat to Tengda, and the happier he was.
"What I'm more worried about is that the Green Orange Group is already invincible in the future local life service track with such a super traffic portal as Weixin." Ren Xiaoyao is more pragmatic.
even though.
Shortly after merging the mold group, in order to dispel the doubts of the Big Three, Qingcheng Group issued a public statement, stating that the business strategy of Qingcheng Xiaozhu will remain unchanged and will not participate in the subsidy war.
It can be regarded as a reassurance for the Big Three.
But this moment, that moment.
Zhao Xiaohu made it very clear at the press conference that Weixin will be a connector in the future. To put it bluntly, it is a traffic portal, serving various business formats that require traffic, such as games, food delivery, and e-commerce.
Isn't the Green Orange Group the first to get the moon if it is close to the water?
"It's meaningless to worry about the Green Orange Group. What I'm more concerned about is whether Ari can cooperate with Mengya in depth so that Mobao can get a first-level traffic entry in Weixin?"
The layout of the uncle is obviously bigger.
Compared with local life services whose prospects are still unclear, e-commerce is the foundation of Ari.
If Weixin can help Mobao accelerate its mobile transformation with the help of Weixin, the direct or indirect benefits it will bring to Ari will definitely be hundreds of billions of dollars.
What is the local life service?
"Also, if Mengya doesn't cooperate with us and chooses to support other e-commerce companies, such as Jingdong, what will happen in the future?" the uncle said to himself.
"This……"
Ren Xiaoyao was already in a cold sweat.
Only then did he realize that Weixin's breaking the circle this time may not only affect the Tengda family, but vaguely reshape the traffic pattern of the mobile Internet.
This is scary! ! !
"Get in touch with Germination as soon as possible."
This was Ren Xiaoyao's subconscious thought, "Why don't I go to Binhai City myself?"
"I'm going." The uncle obviously also attaches great importance to this matter, "Before Germination and Jingdong hook up, we must place enough chips in advance to ensure nothing goes wrong."
"What chips are you talking about?"
On the contrary, Ren Xiaoyao is in a hurry again, how much bargaining chip does this have to be?
"Let's see what conditions Germination proposes." The uncle was also a little stuck.
The cooperation chips that Ari can offer are actually not many. It is impossible to give Ari shares, and the uncle himself does not have much. After calculation, it seems that only cash is left.
But how much cash can you take out?
Based on Ahri's working capital, 10 billion would be enough.
No more.
The question is, with just 10 billion, can we win Weixin's first-level entrance?
Hard!
After Weixin started, the value of the first-level entrance is not only in the traffic itself, but also in its strong exclusivity. It is also an e-commerce company, who gets it and who doesn't, the difference is very big.
Germination can completely choose one of the two.
This is also the fundamental reason why the original space-time Tengda was able to do a job with ease in the Internet industry, and gathered a group of Tengda-related Internet companies around it, forming the Tengda Jianghu.
Traffic is king! ! !
(End of this chapter)
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