During my years at China Entertainment

Chapter 824 The new company owner, preparing for an IPO, please enjoy!
After a night of passion, online discussions exploded again.

This time, the protagonists who have been thrust into the spotlight are a newlywed couple who just got married yesterday.

Perhaps no one could have imagined that in just a few hours, Huang Xiaoming and Yang Ying, who were receiving blessings from the entire internet, would become pariahs!

All of this is because this "wedding of the century" was too high-profile!
It must be admitted that Huang Xiaoming probably didn't have any bad intentions.

As he said when he confessed his love, he simply wanted to have an unforgettable wedding so that everyone could share in his happiness and joy.

But the extravagance of the wedding, such as inviting most of the entertainment industry, a venue costing millions, and tens of thousands of fresh roses flown in from the air, was remarkable.
The event featured thousands of guests, costing tens of millions in hospitality expenses, a wedding banquet costing tens of millions, a venue comparable to a film festival awards ceremony, and a total cost of up to 200 million.
All of this is achieved through extensive public media coverage and the boasting, praise, and admiration from sponsors and endorsers.
When the promotions and blessings from many celebrities in the entertainment industry are blatantly displayed in front of countless netizens and the general public, everything changes.

Because Huang Xiaoming and his team, and even many celebrities in the entertainment industry, all overlooked a crucial issue.

In other words, there is a human nature and psychology called "hatred of the rich"!
Starting from the early hours of last night, sporadic insults began to appear online, fueled by the actions of certain individuals.

After a night of fermentation, public opinion has become somewhat uncontrollable.

"Actors are heartless," "Bride is unfaithful," "Indecent and immoral," "Extravagant and dissolute," "Households of filth and corruption."
A barrage of insults, slander, denigration, and even malicious curses flooded social media platforms such as Baidu Tieba and Weibo, leaving people overwhelmed.

Many posts also brought up examples of researchers who live simple lives to further criticize the extravagant and frivolous atmosphere in the entertainment industry!
The negative emotions of a large number of netizens were thus successfully stirred up, and they joined in, which in turn showed a tendency to evolve into group and class conflicts.

This situation has taken the film and television industry, the entertainment industry, and even the media industry quite by surprise, and many people have come forward to speak up for Huang Xiaoming and his wife.

Unfortunately, at times like these, all arguments only provoke the public's resistance.

Many netizens even believe that the film and television industry and the entertainment industry are all the same, with the vast majority being scoundrels and parasites.
In short, condemning everyone at once might result in some innocent people being wronged, but criticizing every other one will definitely ensure that some escape the net!
As a result, the conflict is showing a tendency to spread to the entire entertainment industry and even the entire industry.

Huang Xiaoming, who was at the center of the storm, finally couldn't sit still any longer and made a special call to Wei Jin in the afternoon, hoping that the latter could help suppress the heat on Weibo.

"Don't worry, I'll make the arrangements. And don't fret, XX should make a move. Just keep a low profile for the next few days."

Wei Jin's words were not meant to comfort. Things had escalated to the point where the entire industry was being boycotted, so it was impossible to remain indifferent.

Upon hearing this reply, Huang Xiaoming on the other end of the phone visibly breathed a sigh of relief and said gratefully, "Thank you, Mr. Wei. I'll treat you to dinner when I get back to Beijing."

"You're welcome. I won't interfere with your honeymoon. See you later."

After hanging up the phone, Wei Jin sat in the car and closed his eyes to rest.

Meanwhile, the van, driven smoothly by Lao Zhu, headed from Hongqiao Airport towards Lujiazui.

He came to Hongqiao Airport to see off his four wives; while he went to Lujiazui to inspect the headquarters of Yuewen Group.

The so-called Yuewen Group is a group company established in March of this year, based on the initial investment in Qidian and the subsequent mergers with several other major literary websites.

The day-to-day operations have always been handled by Wu Wenhui, the original founder of Qidian, and his team, while Qingtian Capital under Wei Jin is only responsible for investment and does not participate in decision-making.

But now that it has expanded into a group structure and the management plans to go public, Wei Jin, as the behind-the-scenes boss, will inevitably have to take a look.

Not only that, Wei Jin will also visit Shanhe Film and Television City to inspect the construction results of the second phase and take the opportunity to visit the set of "Brotherhood of Blades 3".

This can be considered all of Mr. Wei's travels outside of Beijing before the filming of "The Wandering Earth" began.

About half an hour later, Wei Jin arrived at the headquarters of Yuewen in Lujiazui, Pudong.

Wu Wenhui, accompanied by a group of senior executives, personally came to greet Wei Jin, giving him a grand welcome.

Afterwards, Wei Jin was surrounded by people and toured around the various departments of the company.

During this time, whenever Wei Jin visited a department, the person in charge would come out and give an introduction.

Compared to its neighbor Tudou Video, Yuewen is called a group, but its current structure is very simple. It has fewer than a thousand employees and only two truly core departments.

One is the online business department, which is mainly responsible for the operation of the online literature platform, including online paid reading, advertising and promotion, and game development.

The other is the copyright operation department, which covers the entire IP industry chain development, including film and television adaptation, animation production, and game development.

Although the functions of the copyright operation department seem to overlap with those of Shanhe Media, Shanhe Technology, and Tudou Video, they are not actually in conflict because their development directions are not the same.

Shanhe Media only needs high-quality content and premium copyrights, while Yuewen adopts a broad-based approach, leveraging the advantages of internet big data to expand into various market segments and aim to capture everything at once!
The same principle applies to areas such as animation production and game development; in fact, they can even form a synergy through cooperation.

Of course, China Literature Group has only been established for a short time, and its main core business and revenue source is still online literature.

In this field, Yuewen has a leading advantage in terms of distribution platforms, content volume, and IP level, with a market share of up to 70%, making it the absolute number one in the industry!

This is also one of the important reasons why Wu Wenhui's team is seeking to go public.

After all, anyone who can become number one in any industry has enormous potential after going public, especially given how hot the IP market is right now.

According to Wu Wenhui's prediction, based on the current market situation, once Yuewen chooses to go public, its market value will definitely not be less than 20 billion.

However, seeing how enthusiastic these people were, Wei Jin could understand, but he still poured cold water on their enthusiasm, asking, "Is the company profitable now?"

"Um, Mr. Wei, not yet."

Wu Wenhui blushed and his speech became somewhat incoherent.

Although Yuewen has achieved the top position in the industry, its profitability is indeed not optimistic, having been in a loss-making state for three consecutive years.

While there were reasons for intensified expansion and the development of new businesses, his position as CEO was somewhat embarrassing.

“Mr. Wu, I’m not saying this to hold anyone accountable, and I’m not against going public. But we shouldn’t rush things; we should focus on the present.”

Wei Jin was well aware of Yuewen's potential, but the time to realize it wasn't now. However, considering the risk of discouraging the team, he patted Wu Wenhui on the shoulder and added, "Don't worry, Mr. Wu, everything you need will be provided."

I can promise that we'll go public the moment we turn a profit. And your team's original shares won't be diluted again before the IPO. Surely you won't doubt my word?

"That's definitely not the case. Mr. Wei's word is law; who in the entire investment circle doesn't know that?"

"Yeah yeah."

Once reassured, Wu Wenhui immediately began to flatter him, and several senior executives nearby also hurriedly followed suit.

"Okay, since everyone believes in me, let's work hard and strive to achieve our goal next year. Are you confident?"

"Have!"

After giving the group's senior management a pep talk, Wei Jin, drawing on his experience reading novels in later generations, offered some suggestions on some of the functions of Yuewen's currently developed web page and APP.

In addition, he offered some suggestions on future development trends, such as audiobooks and short drama adaptations, which won the admiration of the senior executives.

As lunchtime approached, Mr. Wei, who rarely visits Shanghai, invited the group's senior executives to a meal together to strengthen their relationships.

After all, Yuewen Group is an indispensable part of Mr. Wei's grand entertainment strategy, and it is necessary to win it over.

Of course, Wei Jin didn't neglect Tudou Video next door either. It was a good opportunity for the heads of the two companies to strengthen their relationship and potentially expand their cooperation in the future.

The private room, which housed more than twenty people, was filled with the sounds of clinking glasses and lively conversation, creating an exceptionally warm atmosphere.

As the boss, Wei Jin was definitely the one who received priority treatment, but relying on his drinking capacity, he accepted all offers.

After a few rounds of drinks, Wang Wei suddenly received a phone call and returned with a complicated expression on his face.

"what happened?"

"President Wei, I just received definite news that Gu Yongqiang has been ousted from the Youku board of directors. Now we'll see when Ali will issue an announcement."

Hearing this, Wei Jin was not surprised, and he also understood Wang Wei's feelings at that moment.

After all, Youku has been Tudou's biggest rival for many years. Wang Wei and Gu Yongqiang are not only rivals, but also friends who have long admired each other!

Now, Gu Yongqiang, who single-handedly built Youku, has ended up in such a state, which inevitably evokes mixed feelings in Wang Wei.

Wei Jin didn't say much about this. After patting Wang Wei on the shoulder, he asked, "Are you ready to fight?"

Wei Jin was well aware of Ali's nature; with its ample cash flow, it probably wouldn't be content to remain second in the industry and would definitely challenge Tudou.

Wang Wei was well aware of this, and nodded confidently.

"Don't worry, Mr. Wei, we had a contingency plan in place."

After listening, Wei Jin raised his wine cup and said, "Good, as long as you know what's going on, bottoms up!"

"Dry!"

After the lively dinner, Wei Jin instructed Lao Zhu to drive to the Cuihu Tiandi luxury apartment, intending to enjoy the gentleness of the mature women.

In fact, Yang Rong and Wan Qian, both first- and second-tier celebrities in Shanghai, attended Huang Xiaoming's wedding banquet last night.

With all four empresses present, Boss Wei was destined to be unable to attend to the two of them, so today was a pre-arranged compensation.

Unfortunately, filming for "Ode to Joy" wrapped up on Gao Yuanyuan's birthday, otherwise Boss Wei might have achieved a penta kill in Shanghai this time!

"Master, welcome home."

Pushing open the door, Wei Jin was greeted by Wan Qian, still dressed as a maid, along with her magnetic, husky voice.

"Sister Qian, how come you've become addicted?"

Faced with Wei Jin's teasing, Wan Qian didn't answer but focused on helping him change his shoes, faithfully fulfilling her duties as a maid.

Yang Rong, wearing only a bellyband that barely covered her large breasts, pressed herself against him and whispered teasingly:

"She's probably really addicted."

"is it?"

Wei Jin glanced down at Wan Qian, who was untying her restraints, and the scene of their last intimate encounter flashed through his mind.

Perhaps Yang Rong's guess is true; Wan Qian may indeed have some... inclinations deep down. Tonight might be a good time to test her.

Feeling the hot, delicate body in his arms, Wei Jin smiled again. "Then, Sister Rong, how about we try it tonight?"

As they spoke, Wei Jin had already grasped the overall situation hidden behind the undergarment.

It must be admitted that Yang Rong's figure is truly amazing.

"No way, I'm perfectly normal~~"

Yang Rong said coquettishly, then took the initiative to offer a kiss, looking rather impatient.

No wonder, it has been almost four months since the last time we met. This woman in her thirties must have been missing me terribly!
~~~
Of course, Yang Rong, who was filmed later, wasn't much better off.

(End of this chapter)