Life in the world of film and television

Chapter 167 Long-cherished wish
The time came to the middle of 2016, and Li Mu's capital injection of 20 billion yuan at the beginning of the year has been burned up to now.

With so much money burned, Yuandian Technology has also made great progress. The number of daily headline users has more than doubled from 2.3 million at the beginning of the year.At present, the total number of users is as high as 1.5 million, of which there are more than [-] million active users. It is already the largest comprehensive news and information media platform in China.

Douyin, since its release at the beginning of the year, has been supported by the mature algorithm and big data of Toutiao, coupled with a large number of promotional advertisements. It has been very popular since it was launched, and currently has 7000 million users nationwide.

In the early days, the content of Douyin was mainly music-based, supplemented by content, allowing users to experience the feeling of magical sounds piercing their ears.

The core user group is young people born in the 85s and 90s who are most receptive to new things. The combination of video and music is enough to arouse their interest.

Although the current 7000 million users of Douyin have not attracted much attention, the user stickiness is extremely high, and the average retention time of users also shows a very obvious upward trend.

This is an excellent sign.

It represents the attractiveness of the short video of Douyin to young people. As long as the traffic tariff is reduced and more users use short videos, Douyin users will usher in explosive growth.

These are all good news. The only bad news is that the money is burned too fast. At present, there are only a few hundred million yuan left in the company's account. It is possible to maintain the company's operations, but it is impossible to vigorously promote the daily headlines and Douyin.

Simply origin technology is good enough, and more and more venture capital institutions are eyeing and optimistic about it. As long as he starts financing, the problem of funding will be solved.

Li Mu has also come into contact with many venture capital institutions recently. These people don't understand the general trend like him, and they don't know the future popularity of Douyin. There is still a certain distance between the valuation of Origin Technology and the standard in his mind.

The venture capitalist with the highest offer only gave a valuation of US$30 billion.

Moreover, since it is Origin Technology's initial financing, there is no capital to sit in, and many venture capital institutions have opened their mouths and put forward many harsh requirements.

For example, the right to withdraw first, the right to veto one vote... etc. These are related to the lifeline of the company's development, how could Li Mu agree.

This is the case with financing, which requires start-up companies and capital games. From valuation to the rights and obligations of both parties, they must be discussed and clarified in the same way.

Such financing negotiations sometimes last for several months. During the negotiation, some start-up companies run out of funds and cannot survive.In order for the company to survive and not have nothing, no matter how harsh the capital puts forward, it can only agree.

In reality, there are many such cases. The capital side takes advantage of the lack of funds of the start-up company to delay financing negotiations for several months, draining the other party's funds, and no longer has the confidence to bargain.

In order not to cause the company to go bankrupt and lose everything, even if the capital side offered harsh conditions, they could only grit their teeth and agree.

Li Mu would never let Yuandian Technology fall into this situation, watching the company's funds drained bit by bit, and let the capital slaughter it.

He was lucky. In the past six months, the virtual currency market has been booming.

Last year, the elf coins plummeted from 6000 yuan each, and remained sideways for a long time at around [-] yuan.

It was during that time period that Li Mu bought 1000 spirit coins at a price of just over 1.6 yuan for 15 million yuan.

With the hot market this year, the price of Elf coins has also started to roll upwards, and now the price of a single coin has exceeded 2.4 RMB.Compared with last year's highest price, it has quadrupled, leaving countless people dumbfounded.

Although there will be another market in the future, who knows!

Li Mu decided to clear the warehouse in exchange for the development funds of Yuandian Technology.Only when you have enough cash flow in your hands can you have enough confidence to negotiate with those investment institutions.

Next, he began to sell. Although the market was booming and the daily transaction volume was tens of billions, it took Li Mu more than a week to sell all these spirit coins for cash. At this time, the price had risen to 2.6 yuan each.

With 15 spirit coins, Li Mu cashed out a total of 38 billion in cash, instantly rich and powerful.

Of the 38 billion in cash, Li Mu took out 30 billion and injected it into Origin Technology, and kept the remaining [-] million in his hands as pocket money and emergency reserves.

With the arrival of 30 billion funds, the company's cash reserves have been filled again, not only has the confidence to negotiate with those venture capital institutions, but also quietly launched a new round of expansion plans.

The company's development has entered the fast lane again, and Li Mu has also begun to fulfill a long-cherished wish he has always had.

In August, Li Mu returned to his hometown with a high profile, which was an ancient county in the central region. He looked again at the orphanage where he grew up; at the retired dean and aunt; , the high school class teacher who is now close to fifty;, looked at an elementary school teacher who took good care of him since he was a child.

Later, after Li Mu communicated with the local government, he officially announced that Yuandian Technology would donate [-] million yuan to the orphanage where he used to live to build a modern and high-standard orphanage in the county.

This incident instantly caused a sensation in the entire county. In the history of this obscure central county, there has never been a single donation of [-] million by any company or individual.

Li Mu was born as an orphan, started from scratch at a young age, and played with high technology such as the Internet, which attracted the attention of countless people.

In addition, Li Mu was the number one student in science in the county back then, and he had a reputation as a top student. There are quite a few people who know him and have heard of his name.Let this matter spread even more, even a bit legendary.

However, this is just the beginning, not to mention the spring of water, but a bottle of water is also possible.

Through the archives of the County Education Bureau and his own memories, Li Mu went through all the teachers who taught him from elementary school to high school.

Those teachers who had cared for him, were serious and responsible in teaching, or belonged to the category of selfless, kind, and good people, were all found out.

All together, there are 198 teachers.

Later, Li Mu recalled those aunts and nurses who were kind to him and took good care of him in the orphanage. There were 31 of them who were eligible for more than ten years.

Now it is 16 years, and the housing prices in counties in the central inland areas are not expensive, and the residential areas with good conditions are only about [-] to [-].

Li Mu chose a real estate from a well-known domestic developer. The hardware and supporting facilities are good. After some negotiations, he bought three buildings at a preferential price of 4500 yuan per square meter for 1.2 million yuan, with a total of 232 suites and 2.67 square meters. rice.

There are a total of 229 teachers and nurses in the orphanage. Li Mu plans to give them a flat for each of them, which can be regarded as repayment for his concern and care for him in those years.

Among them, the class teacher in the first grade of elementary school, who knew that he was an orphan, took good care of him for six years in elementary school, and often visited him in the orphanage after graduating from elementary school.

There is also the head teacher of the high school, perhaps because he is a bully and an orphan, he also takes good care of him, and often invites him to eat at home.

There is also the auntie of the orphanage, perhaps because he has studied well and is smart since he was a child, she really cares and takes care of him more than other orphans.

For these three people who treated him very well, Li Mu chose the best house type and location, and each of them gave two junior three-bedroom suites.The three buildings and suite 232 have just been delivered.

Li Mu's donation to the orphanage was very high-profile, and he did it in the name of the company.Li Mu gave a flat to the teacher and the aunt in the orphanage each, and Li Mu did it very low-key, using his personal account to spend.

However, the matter of giving a house to a teacher who had taught a class was too eye-catching, and soon spread, and it was uploaded on the Internet, and Li Mu became a "student" of someone else's family.

Coupled with his legendary experience of being born as an orphan and starting from scratch, he gained a lot of fame in the country for a while.Affected by this, its subsidiary Yuandian Technology has also attracted a lot of attention, and the users of Toutiao and Douyin have also ushered in a wave of growth.

Back in the Shanghai stock market, one should not favor the other. In the name of Yuandian Technology, Li Mu donated [-] million yuan to his alma mater, Shanghai Jiaotong University. He did this very low-key, but it still attracted the attention of many people.

After a series of donations and presents, Li Mu fulfilled his long-cherished wish, and Li Mu felt refreshed and completely transparent.

In the future, I can live a good life and be busy with my career.

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(End of this chapter)