My 1999
#1205 - Jiahua Entertainment 2007
"Can you tell me more specifically?"
Li Zhining nodded and said, "According to our analysis, there are several main reasons why the ratings of Super Boy and Super Girl have dropped.
First, the increase in homogeneous programs has distracted the audience's attention and caused aesthetic fatigue.
Second, there are not many high-quality contestants who are topical and can attract the interest of the audience. After the selection of the previous "Super Boy/Super Girl" and similar programs, there are not many high-quality newcomers.
To address these two issues, we plan to increase our investment budget.
With more sophisticated program production and a better team of mentors, it sets itself apart from other similar programs.
At the same time, more interactions will be set up to narrow the distance between the audience and contestants, and between mentors and contestants.
Use more interesting content to increase the popularity of the program.
At the same time, more content related to the contestants will be uploaded to Youku's "Super Boy and Super Girl" channel to increase the content volume and improve user stickiness.
Regarding the second point, we plan to add more contestants from Greater China in the next season to increase the difficulty of the competition, arouse the curiosity of the audience, and increase the ratings.”
Xu Liang nodded secretly in his heart. Li Zhining had put a lot of thought into it and the solution was very good. It made him see many shadows of variety shows ten years later.
"For Kunlun Fight, we plan to add more female boxers."
"Female boxer?"
Seeing that he was interested, Li Zhining quickly said, “It was all men before. After seven or eight years, it’s hard to attract more audiences except for real fighting enthusiasts.
So, we plan to add more female boxers.
Women's fighting is still a blank in the country.
If we launch it first, it will be a big hit.”
In the later seasons, the audience will get used to it and then start to look at the quality.
So we have enough time to train elite boxers.”
After a brief thought, Xu Liang said, "That's a good idea. Let's first look at the quality of the female boxers. Before the level is raised, we shouldn't hold fighting events with overseas boxers."
National sentiments still need to be taken into consideration.
"clear."
"As for People, we haven't thought of any more attractive new model yet," Li Zhining said nervously.
"There is no new model for this kind of high-end interview program. It is good enough to maintain the quality of each episode."
Hearing him say this, Li Zhining felt relieved.
"Tell me about that new show you mentioned earlier."
"We are currently preparing two new programs. One is "Got Talent" which was introduced from Vivendi. We have already negotiated cooperation with Shanghai Satellite TV. The first episode will be broadcast in April next year, but the specific time has not yet been determined."
Xu Liang: "I remember you guys were in contact with Shen Luyu? Any results?"
"A Date with Luyu" is one of the most well-known talk shows in China. After she left Phoenix TV, many domestic TV stations contacted her.
"We talked to her team several times, and she still prefers to join the TV station. ... Mr. Xu, we plan to do a similar talk show after "China's Got Talent" is on the right track."
Xu Liang responded and didn't ask any more questions.
With "China's Got Talent", the revenue of Jiahua Variety Department will definitely increase, and let them try the rest on their own.
Behind the variety show department is the game department.
It has been two years since Jiahua established its game department, and the first game was the "Plants vs. Zombies" plan he gave.
In his heart, this game is second only to Happy Farm and Fruit Crush. He has played it countless times in his spare time and every level is still fresh in his memory.
Unfortunately, after PopCap was acquired by EA, the new version they launched was only focused on making money, completely losing the fun of the old version and ruining this classic game.
Thanks to Sina Games Open Platform, Penguin Games Open Platform, Facebook Open Alliance, Bandai Avex's Japanese promotion and marketing channels, and Vivendi's European promotion and marketing channels, "Plants vs. Zombies" was launched in May this year and quickly became a global hit, just like it had done in history.
So far, it has generated $185 million in revenue for Jiahua.
Even though the popularity has cooled a bit now, it still generates $30 million in revenue per month.
But if you want to successfully develop the gaming business.
One Plants vs. Zombies game is definitely not enough.
Xu Liang picked up his phone and called Zhou Qing, the head of the gaming department.
Probably because he had heard about his call from some of his former colleagues, the call was connected before Xu Liang’s call had even rang a few times.
"Hello, Mr. Xu."
"Do you know I'm looking for you?" Xu Liang said with a smile.
"Ms. Sui just came to discuss the soundtrack for the game Kung Fu Panda with me, and she happened to see you calling her."
Xu Liang understood, "How far has the Kung Fu Panda game been developed?"
"It's progressing very quickly. If all goes well, we can officially launch the public beta in May this year."
“Has the project of Black Cat Sheriff been approved?”
"We are currently meeting to discuss this matter and plan to formally establish a project development team in March this year."
Xu Liang nodded.
Jiahua’s gaming business is different from Hongmeng Games and Penguin Games.
Jiahua Games only develops web games and casual games based on its own IP. Large-scale online games that cost hundreds of millions of dollars to develop, as well as 3A classics, are not within the scope of Jiahua Games' development.
In fact, as long as you do web games and casual games well, you can live a comfortable life.
“It doesn’t matter if you spend more money or more time to polish the project. I allow you to have technical deficiencies, but I will never allow you to have logical loopholes.”
"Mr. Xu, don't worry. Whether in Hongmeng or now, your attitude of striving for excellence and strict product concept have always been the motto I give myself."
As a general transferred by Xu Liang from Hongmeng's "Zhurong Studio", Zhou Qing has been under Xu's command for nearly 5 years and developed "KartRider". He is very clear about the requirements of his boss.
"Very good, I'm waiting to see your performance."
"yes."
Everyone can say nice things, but the key is the result.
After chatting for a few more words, Xu Liang hung up the phone.
On the cinema side, Jiahua Cinemas' revenue this year was 920 million Chinese yuan, but it did not generate any profit.
Because many of the super-large luxury cinema chains under Golden Wah are suffering losses due to insufficient movie-going crowds.
Fortunately, the losses were not much.
In terms of peripherals, thanks to years of development since the Hongmeng era, the total revenue exceeded 160 million Chinese yuan in 2007.
Finally, there is the ticketing website 'Maoyan'.
This is a ticketing website developed by Fan Xiaopang under his instructions.
This is to cope with the impact of the Internet on the entertainment industry in the future.
With the support of sister companies such as Hongmeng, Penguin, and Sina, Maoyan has achieved over 10 million registered users in just half a year.
Thanks to Pangu Cloud, Maoyan did not have to invest heavily in servers like previous Internet companies, effectively reducing costs.
Therefore, even though Maoyan has not made a profit yet, it has only lost less than 10 million Chinese yuan this year, which is completely manageable.
Combined with the income from artist management business, the total revenue of Jiahua Entertainment Group reached 11.39 billion Chinese yuan in 2007, almost doubling that of last year.
Net profit was 3.17 billion Chinese yuan, an increase of 126% year-on-year.
The company has total assets of 5.3 billion Chinese Yuan, liabilities of 3.7 billion [generated when acquiring the cinema chain], and cash of 2.8 billion Chinese Yuan.
Financial account: US$854 million.
Although Jiahua has not yet gone public, many venture capital companies have come to discuss investment.
The valuations given are also very good, with the highest being Sequoia, which is 25 times its net profit.
Based on Jiahua’s current revenue, its valuation is nearly 80 billion Chinese yuan.
For domestic entertainment companies today, this is a completely unimaginable number.
The reason for this is Xu's huge overseas publicity and promotion channels.
In the United States, Xu owns Universal Entertainment Group, as well as promotional channels such as Facebook, Netflix, and Twitter.
In Japan, the world's second largest box office, Xu owns the pan-entertainment giant Bandai Avex.
In Europe they have Vivendi.
in the country, we also have Penguin and Hongmeng to help.
It can be said that any film or TV series produced by Jiahua, as long as the quality is acceptable, can quickly spread to the global market.
This is also the powerful influence that Xu Liang has built up in the global entertainment field over the past eight years!
Top advantages ahead of other entertainment groups!
Even other companies in the Big Six Hollywood studios can hardly compare with him.
And he will continue to invest to expand this advantage.
After writing and drawing, he wrote down his suggestions on the annual report and the development plan of Ka Wah Group in the coming year, and handed them to Li Jinling, asking her to pass them on to Fan Xiaopang.
When he gets home, he will explain it to the other party and that will basically be it.
——
Just a few days into 2008, China Digital's tender offer officially ended.
In this comprehensive takeover offer process, only 262,500 shares chose to accept the offer and sold their shares to Pangu at a price below the market price. These shares accounted for approximately 0.03% of the total share capital.
After the transaction is completed, Pangu Company [Pangu Company is responsible for developing cloud business, which was written as Chaos at the beginning and has been corrected now] holds a total of 61% of Huaxia Digital's shares, ranking as the largest shareholder;
The remaining 39% of the shares are all in the hands of public shareholders.
This complies with the Hong Kong Stock Exchange's regulations on minimum public shareholding, so China Digital is still a Hong Kong-listed company and has not been privatized.
At Xu Liang's instruction, Yang Tingkun immediately began to deal with the splitting and selling of China Digital's IT service business.
In fact, what Xu Liang didn’t know was that in the original history, China Digital had been split under Guo Wei’s operation to form a new listed company - China Information.
However, in this life, Chinese information will definitely not be able to exist alone.
All of Huaxia Digital's 'Hongqi 2000' office software was sold to Kingsoft.
Kingsoft specializes in developing office software, and its WPS series has completely surpassed Red Flag 2000 in terms of market share in China.
However, 'Hongqi 2000' has more application software.
WPS only has three major software: spreadsheets, documents and PPT.
But 'Hongqi 2000' is different. In addition to the three similar software, it also has drawing tools [similar to CAD], web development software and database software, etc.
However, these softwares only copied the functions of similar foreign software and never made any innovative research and development.
In the domestic market, only by providing services for free can we gain some market share.
Xu Liang planned to merge all of this professional software business into Kingsoft.
Changed Kingsoft's main business from Internet services to professional software developer.
Zou Hongwei was obviously unwilling to do so, because the application scope of similar domestic software was too narrow. Apart from being free, it was completely unable to compete with its foreign counterparts.
Moreover, according to the requirements of the big boss, the company will have to invest a lot of money in subsequent research and development.
This means that while not making any money, it also consumes Kingsoft's precious funds.
As the company's CEO, he certainly didn't want to do that.
Xu Liang talked to Zou Hongwei, and Hongmeng Corporation invested in the acquisition of WPS office software business under Kingsoft.
At the same time, "Hongqi Software Company" was established under Hongmeng, which is responsible for the development of professional office software, drawing software, web design software, animation design software and other businesses.
The company's goal is to become a world-class office software and engineering software developer!
Without WPS, Xu Liang completely lost interest in Kingsoft.
Just wait for the subprime mortgage crisis to make a bottom-fishing move, and when the stock price goes up in the future, sell Kingsoft completely before 2012.
At the same time as the establishment of Hongqi Company, China Digital also established China Enterprise Dynamics, a subsidiary responsible for corporate and institutional services, with more than 70 branches covering the whole country.
After being incorporated into Pangu Corporation and integrated with similar departments under Pangu, it became the "Enterprise Information Technology Service Department" responsible for managing information consulting, technical services, and computer software and hardware development.
After the split, China Digital's three main businesses are left with IT distribution and system business.
It will transform into a high-end service agent to help Pangu Cloud sell cloud computing services and big data services.
However, before officially dealing with these matters, the board of directors of China Digital must be reorganized first, eliminating those who are disobedient and complacent.
…
Hongmeng headquarters, Pangu company office.
"Huaxia Digital currently has nearly 10,000 employees, of which about 50% are R\u0026D personnel. Last month, it opened its 19th regional center in Harbin. So far, its service network has basically covered first- and second-tier cities in China..."
"Just earlier this month, Huaxia Digital also released the industry's first overall banking solution based on SOA architecture.
[email protected]
.
"Sm@rt IEDP", a comprehensive taxation platform for taxpayers, and five other best industry solutions, as well as China's first monograph on financial data models..."
After listening to Yang Tingkun's introduction, Xu Liang gently put down the documents in his hand. He now had a clear understanding of China Digital's current technical level.
Although the company claims to have nearly 10,000 employees and 5,000 R\u0026D engineers, in fact most of them are cheap labor, mainly engaged in some software outsourcing work.
More high-end business is to help banks develop credit card review and risk control systems, and to help local governments develop tax systems, etc.
“How many high-level R\u0026D engineers are there?
How many people are suitable to “buy” cloud computing?
Yang Tingkun replied: "There is no cloud computing major in universities now, but most of the engineers at Huaxia Digital graduated from computer majors. After joining Huaxia Digital, they have also been exposed to the configuration and management of servers, databases and other network equipment.
Sending them to do basic research and development work on cloud computing is a relatively good match, but these people are definitely not capable of doing high-end research and development work.
After careful screening, if we can get two or three hundred people here, there shouldn't be any problems."
Xu Liang nodded and said, "That's fine. We didn't expect them to become generals anyway. It's good enough if they can be good soldiers."
Yang Tingkun asked with a puzzled look on his face: "Do we really need to spend money to buy people? Pangu Company is the major shareholder. After cleaning up the company, we can directly arrange for HR to talk to these people and change their jobs. Why do we need to buy them?"
Xu Liang smiled faintly. Yang Tingkun's move really captured the essence of how major shareholders of listed companies infringe on the interests of small shareholders.
But he is a well-known technology tycoon after all, and there is no need to ruin his reputation just to save a little money.
“It’s not a lot of money, just spend 100 million or 200 million to buy it.
Pangu holds more than 60% of the shares. Even if it spends 100 million, more than 60 million will flow back. The actual cost is not high."
Yang Tingkun nodded slightly, "If you want to make sure that no one can find fault with the procedure, it is right to be more thorough.
However, in this case, the transaction cannot be carried out in the name of purchasing the IT service subsidiary.
Although the IT service subsidiary is currently in a loss-making state, it is one of the three main businesses after all, and it is independently developed.
If we separate this business from the listed company, once the listed company's performance is not good, shareholders may say something unpleasant, and they may even accuse us of hollowing out the listed company."
Xie Wen, who was sitting on the side, nodded in agreement.
"We don't want business, we just want people. We can simply select two or three hundred people from the 5,000 engineers of Huaxia Digital, reorganize a subsidiary with no business, and then make up a random name, such as a software outsourcing company, to sell it to us."
Xu Liang thought for a moment and said, "It's all right. Just discuss and deal with it."
"The share price of Huaxia Digital is now very high, and investors are optimistic about Hongmeng's entry. We cannot disappoint investors." Xie Wen added.
Xu Liang glanced at him and said, "Old Xie, there is something else behind your words. We are all family here, so if you have any good ideas, just say it."
Xie Wen smiled and said, "It's actually not that complicated. Just let Kunlun Mobile cooperate with Huaxia Digital."
"Kunlun Mobile is cooperating with Huaxia Digital?" Yang Tingkun asked in surprise.
“Yes, China Digital has an IT distribution business with annual revenue of nearly HK$20 billion. It is one of the largest IT distributors in China and can compete with Tsinghua Unigroup and Founder.
I think Kunlun Mobile Phones and even Kunlun Computers can open up authorization outside of direct stores, allowing Huaxia Digital to be the agent and sell Kunlun Mobile Phones, while also providing some after-sales services for Kunlun Mobile Phones.”
Xu Liang and Yang Tingkun looked thoughtful.
Xie Wen continued: "Huaxia Digital is a listed company. As long as the Kunlun mobile phones it represents sell well and the financial reports look good, it can raise funds from the secondary market if it is short of money.
Pushing up financial data and stock prices will make shareholders happy, and it will also help Kunlun Mobile to control sales channels.
It will be more conducive to our plan to split Huaxia Digital."
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