Love? I'm reborn and I just want to get rewards

Chapter 349 Xiao Gu: Can you get things done?

To determine an investment plan or a stock exchange plan, there must be a clear valuation consensus on both companies.

In fact, Su Huai and Gu Jiuyue didn't care much and were prepared to discuss it privately, but Gu Tongshu refused to agree and insisted on interfering.

Under his instructions, Han Fanglin, the president of Tianyi Investment Holding Group, brought a team to start serious negotiations with Su Huai.

Well, that's a good idea.

A group of elites had just sat down in the conference room, rubbing their hands in anticipation, and then the biggest and most powerful boss, Gu Jiuyue, came over and sat next to Su Huai with a small bag in hand, and gave him the coffee she was carrying.

Collectively dumbfounded.

Your Majesty, I am ready to fight to the death, you you you...

Xiao Gu noticed that there was no movement in the conference room. He turned his head to look at them and said casually, "Don't be restrained. Ask them for anything you want to drink."

Okay, okay, it’s as familiar as your home, right?

Han Fanglin remained silent and resisted the urge to slap his forehead - I shouldn't have agreed to hold this meeting in Xingyu!
But now that things have come to this, what can he do?
Let's do our best and leave the rest to fate...

Then, a group of elites who came from afar held an evaluation agreement meeting with three parts of anger, three parts of helplessness and three parts of distraction.

The first thing is to determine how much ByteDance’s 4.18% stake is worth.

After entering 17, ByteDance's valuation has not changed much compared to when it raised funds last year.

Tik Tok is growing steadily, but it is far from breaking out.

It was not until around October this year that it entered its first period of rapid growth, and then experienced important nodes such as the Spring Festival traffic war, the rise of rap, the ban on jokes and user transfers, and finally reached 10 million daily active users.

Compared with today, the valuation of Douyin in 18 has increased more than ten times.

Or it can be said that since 18, Douyin's valuation has changed every day, thus affecting ByteDance's valuation.

But now... just soso.

So based on last year's valuation and adding a little bit, the total valuation is US$250 billion, and 4.18% of the shares are worth US$10.45 billion.

As both parties were preparing to confirm, Gu Jiuyue suddenly waved her hand: "What's that little change for? Isn't it troublesome to write it down?"

Han Fanglin almost cried.

My goodness, 4500 million US dollars is not a small amount, it’s nearly 3 million RMB!
But when the eldest lady and your real boss speaks, can you not listen?
Han Fanglin waved his hands in pain: "Write 10 billion..."

Hearing this, Gu Jiuyue smiled with satisfaction, narrowed her eyes slightly, and raised her little face towards Su Huai.

Praise me quickly, praise me quickly!
Su Huai quietly bumped her leg and gave her a thumbs up under the table: Well done! You are awesome!

Then, the second step is to evaluate the value of Xingyu.

This is a rather troublesome thing because there are so many things that are difficult to sort out.

For example, how was the 10 billion RMB that Xingyu invested in Panda calculated?
Did Tianyi hold Xingyu’s 10 billion convertible bonds, or did Tianyi invest in Panda through Xingyu?
Two truths, probably leading to completely different assessment results.

So the negotiators from both sides argued for two days, and finally determined a basic principle - when discussing development, take into account the significance of the Panda platform to Xingyu, and when discussing liabilities, leave out the 10 billion together with Panda.

It's funny, playful, yet realistic.

Of course, the dispute on this point does not affect the assessment of other aspects.

Ultimately, Xing Yu's value can be judged from three levels.

1. Influence.

Currently, Xingyu already has two S+ internet celebrities, namely Yu Ji and Zhang Dayi.

The four S-level top internet celebrities are Liziqi, Li Jiaqi, Quan Quan, and Liu Zigui.

Judging from the data analysis, the four S-level influencers are showing strong momentum and will definitely be promoted to S+. What they lack now is just time.

Then the two sides had another quarrel over this matter and it became a mess.

Before the argument started, Han Fanglin rubbed his hands and ordered all his colleagues: "This time, no matter what we say, we must not admit defeat. If the young lady makes another suggestion, I will oppose it, and you just pretend you didn't hear it! Do you understand?"

"I understand!" everyone shouted.

"Do you remember what our goal is?!"

"Hold on to your last dignity!"

"it is good!"

Han Fanglin was satisfied. He waved his hand and led everyone to the battlefield.

Then... Gu Jiuyue didn't cause much trouble, but Shi Zeyu knocked them all down by himself...

It's like this -

Han Fanglin angrily slammed the table and said, "Why is Li Ziqi considered S+?!"

Shi Zeyu was extremely calm. He projected the image on the screen while explaining various data.

"Li Ziqi's number of domestic fans is not large enough. After dehydration, the number of active users on each platform is as follows... Did you notice? Her fans are very sticky, the video completion rate is very high, and the re-watch rate is unique in the long video track.

Based on the above data, we can clearly draw a conclusion:
Her fans view her videos as a form of companionship.

In the entertainment industry, some good dramas are evaluated as meal-time dramas, which means that every time you eat, you turn on an episode. You don’t necessarily watch it carefully, but life seems to be missing something without it.

This level of fan stickiness means that Liziqi does not need a large number of fans to create a huge influence.

In addition, we can take a look at the number of views and reviews of her videos on mainstream overseas video platforms..."

The Korean side was defeated and had no power to resist.

Even a girl in the team nodded subconsciously: "Zi Qi is indeed very popular overseas."

Han Fanglin glared at her angrily and waved his hand with all his might: "Next!"

When talking about the next one, he encouraged himself again and slammed the table: "What's the reason for Quanquan?! He made Baobao Pear popular, but the sales volume is only a few hundred thousand?!"

Shi Zeyu was about to take out the data, but Su Huai knocked Han Fanglin down with just one sentence.

"Quanquan is Xiao Gu's good friend."

Gu Jiuyue nodded vigorously: "That's right! Half of the videos she shot were taken at my house, and my voice only occasionally appeared on camera. Doesn't that make me worthy of S+?"

Han Fanglin was sweating profusely.

"That...that's true...but who's the next one? Yes, Liu Zigui!"

Shi Zeyu silently closed one folder and opened another.

“Although I don’t understand why she is so popular, she is indeed popular now. Here, please look at all the statistics of Kuaishou this month. With social shake as the keyword, the overall proportion finally extracted is 10.8%.

If the limit is 10 likes, then the proportion related to social shaking is 28.6%.

In the whole month of June, there were only four videos on Kuaishou that received over 6 million likes. One of them was her personal video, another was a video of her leading her disciples to do social dance, and another one mentioned social dance in a joke posted by a black netizen. The share was 4%..."

Han Fanglin felt like he was about to break.

But it’s not that serious, isn’t it just four more S+ influencers? What’s the big deal!
Xing Yu presented facts and reasoned with them, and finally made the other party agree with him from the bottom of his heart.

Therefore, Xingyu actually has 6 S+ internet celebrities, each of them is very scary alone and has become the top in different fields.

Further down, there are more than 200 A-level internet celebrities.

In fact, Class A is the real top in the field of Internet celebrities, eating the fattest meat and enjoying the most glory.

PDD, xxbb, Xiao Erduo, Chen Yifa, Lu Benwei, Douyu Three Saos... and so on and so forth, they are only A-level now.

Wu Wu Kai's fame and popularity are pretty good now, but it's a pity that his fans cry out when it comes to fighting, and give up when it comes to spending money. Many old Douyu players don't even recognize him when he is ranked S.

FaFa is the female anchor with the strongest upward momentum. The Small Town Song is really popular. She doesn’t need another one. As long as she can wait until Douyin becomes popular, she will be a top streamer and the next S+. Feng Timo is already S-level now. After that, she ascended to the entertainment industry. At that stage, she was a solid S+ goalkeeper, which gave the anchor’s fans a lot of confidence.

But she couldn't hold on. Her figure, appearance, and singing skills were indeed not as good as those of real female stars, so after she fell ill, she gradually faded out of sight. However, she paved the way for the later S+ Liu Yuning.

So don't underestimate Class A. It can earn several million a year steadily now, and once the market expands, the revenue will start from tens of millions.

And those who only make 1 million are all in a niche track within a niche track. Nuliu000 makes tens of millions a year, which shows how easy it is to monetize traffic.

There are even more B-level and mid-level anchors in Xingyu.

The monthly turnover is stable at more than 5 RMB, which is less than the 20 of Class A, and does not meet other standards. There are five to six thousand such people on the entire network, and the Xingyu family accounts for half of them.

As time goes by, more and more mid-level and even top-level anchors will emerge from the huge base of C-signed anchors.

Therefore, Xingyu’s development potential is at the S+ level, and its monopoly on anchors and internet celebrities will only become more and more exaggerated in the future.

So when it comes to influence, Han Fanglin reluctantly accepted Xing Yu's proposal.

That is: Xingyu has the ability to expand its influence to 2.5 million people in the next year, and will monopolize at least 70% of the live streaming influencer market.

2. Profit prospects.

Xingyu doesn't make much money now, or rather, he earns less than he spends.

The total revenue in May was 5 billion, of which Su Huai used Legion Commander to inject 12.85 million in water without anyone noticing, Quan Quan sold tens of millions of Baobao pears, Zhang Dayi's monthly sales exceeded 3 million for the first time, advertising promotion and other income exceeded 2 million, and 8000 anchors together contributed about 6 million.

After removing the clutter, the net income attributable to the parent company is approximately 2.2 million.

It cost a lot of money to build 49 nodes. Almost all the previous income was invested in it. We just made a little surplus this month, but we have to acquire Dog Star and Music Box next. It is impossible to do it without 100 billion.

But let’s not think about this for now, let’s just focus on determining the valuation.

The Tianyi team gave Xingyu an S grade in terms of profit potential, with an expected annual revenue of 30 billion, which is impressive, but not as impressive as expected.

Han Fanglin frowned and asked, "With such a huge number of anchors, the sales are just this low?"

Su Huai was speechless.

"Do you know what an electricity-paying anchor is? I make a few dozen yuan a day broadcasting, which is not even enough to cover the electricity bill.

Aren’t the new anchors at the lowest level just here to earn electricity bills?
The number of people who can really make a living in this field is not as high as expected. If 10,000 of the 100,000 people can settle down, it means that we at Xingyu are particularly good at cultivating talents."

Han Fanglin pressed the issue: "So how big do you plan to expand your scale? I mean, when it reaches maturity in the future."

Su Huai knew what he meant, and he had actually thought about this question.

"About 20 people."

He motioned to Shi Zeyu to take out the measurement data.

"The first step is to control the size of the brokerage team and the operation team, then determine our management limit at a balance point, and ultimately form a dynamic balance of continuous elimination and replenishment. That number will be between 20 and 25, which is the total number of online signings.

Offline, each node can efficiently manage 200 to 500 anchors and bloggers, with the maximum scale not exceeding 2 people.

But these 2 people must be at least mid-level elites, and they have accumulated a lot of experience and are likely to become elites at a higher level at any time. "

“Profitability compared to now?”

"A hundred times."

As soon as Su Huai finished speaking, the whole place fell silent.

Han Fanglin was furious. A hundred times? You can't bully others just because you have a good relationship with the young lady!

"What's the reason?"

“High added value.”

Su Huai smiled lightly, waved his hand and let Shi Zeyu go.

"Lao Shi, show Mr. Han the input-output ratio of the Quanquan sales model, as well as an analysis of the profit prospects of the top Internet celebrities."

"Stop, stop, stop!"

Han Fanglin was so scared that he waved his hands: "The popularity of Baobao Pear is due to unexpected factors. You can't use that as a benchmark!"

"But each of our S+ influencers has their own standard dominance area. We are currently engaged in beauty products, fast-moving fast food, small fashion items, women's clothing, low-priced daily necessities for the sinking market, and facial masks and skin care products. We have unique core competitiveness. If we don't want to damage our reputation, we can always find manufacturers to produce them."

Han Fanglin instantly became interested: "We at Gu have a lot of relevant resources in this regard..."

"Cough cough!"

Gu Jiuyue coughed lightly, and Lao Han immediately shut up, straightened his face, and changed his words: "We Tianyi don't know much about this, wait for us to go back and have a meeting."

Once this meeting was over, Xingyu's profitability was also raised to the S+ level.

3. Brand value.

There was no way they could reach an agreement on this issue. Su Huai insisted that Xing Yu would own some of the most valuable personal trademarks, or personal IPs, in the history of Chinese business.

But Han Fanglin didn't believe it. Just those few internet celebrities?
They do seem to be able to make a lot of money, but why are they exaggerating to that extent?

This situation is normal. If everyone can see the influence of super internet celebrities in the future, why should it be Su Huai's turn to do this?

In the end, both sides compromised and had a positive attitude towards the future, but were cautiously optimistic about the assessment value.

Thus, Xingyu’s evaluation ended successfully.

The final valuation was... $100 billion.

To be honest, it’s quite outrageous that an MCN agency has no core technology!
It’s only been established for less than a year!

A lot of the money it used for its development was loaned by us from God!
But there is no way, Gu Jiuyue still wants to add a little more...

Han Fanglin cut the Gordian knot: Agreed! Just change it like this! Do it now!
The stock swap went smoothly. Su Huai personally gave 10% of the shares to Xiao Gu, making her the fourth largest shareholder of Xingyu. Gou Huai received 4.18% of ByteDance's shares and put them in his own pocket...

What’s interesting is that Xingyu’s current major shareholders didn’t care about this matter at all.

In their opinion, this is an internal distribution among the couple, and they are just playing house to fool the idiots outside. What does it have to do with us?
In the end, Su Huai's shareholding was reduced to 35%, Yu Ji and Zhang Dayi remained unchanged at 30% in total, Xiao Gu held 10%, Cheese held 5% of non-saleable dividend shares, and 20% of shares were injected into the option pool.

The option pool will remain the same, and when an S+ anchor receives a reward, Yu Ji and Zhang Dayi’s equity will be diluted first.

In fact, it is still the same as before, but as a result, Xingyu’s valuation has been raised to 100 billion US dollars.

There are quite a few investment institutions out there that would like to get involved and hope that Xingyu will open up financing.

Since Xingyu has successfully passed the seed stage of development and is currently striding forward in the growth stage, when it is truly open for financing, its valuation will definitely be much higher than it is now.

Um, $250 billion? Or $300 billion?
People in the industry are really concerned about this matter, but no one knows how the situation will develop.

After the meeting, Gu Jiuyue quietly asked Su Huai: "Will we raise funds in the future?"

"No."

Su Huai shook his head and smiled slyly: "We can continue to speculate on valuations, but in fact, we are doing it for the banks. From now on, we will only provide loans, not distribute shares. We don't even have enough to share with our own S+ anchors, so how can we have any extra to give to outsiders."

"Oh, I understand then. I'll go and reject my dad right now!"

Gu Jiuyue would listen to whatever Su Huai said and then tell his father about it.

Gu Tongshu didn't get too upset when he heard the negotiation process and held on. But when he heard her refusal, he couldn't help but spit out a mouthful of blood, all on Wang Lezhi's face.

"LeLe, let's have kids! This year, let's have two!"

Wang Lezhi looked puzzled: "Why did you suddenly go crazy?"

Gu Tongshu was not crazy. He really felt that most of this girl was already with outsiders and was not far from being lost...

(End of this chapter)