Rebirth of the big era of online games

Chapter 277 Take You to the Car (Leader Plus 7)

(I still owe the basic 1 update, the leader 3 updates, and the monthly ticket 1 update)
As the former boss of the company and now the second largest shareholder, he has released so many dry goods. When he came to the company's headquarters this time, of course Tencent wanted to treat him warmly.

It's a pity that Fang Jie doesn't drink, so at the banquet, Tencent executives didn't get more dry goods out of his mouth. They only learned that Boiling Network has deployed many industries at present, and plans to cooperate with Huawei to expand the hardware industry.

Except for the IDC data service center, Tencent is not interested in hardware or other aspects at all, but they still have some ideas about 51ka.

After all, Tencent is also a channel, and 51ka's channel has really made them covet it for a long time. The key is that now that Tencent has money, they can spend it.

But Fang Jie doesn't have the will to do so right now.

51ka is really making too much money now. The three incomes of mobile phone recharge cards, game recharge cards, and IP phone cards add up, and the daily turnover has exceeded 200 million. If the PHS business starts, it will be even more terrible. What about a cup of soup?
But then again, if 51ka eats alone, Tencent will definitely set up an e-commerce website to compete with it.

Even if he is the second shareholder of Tencent and has veto power, if he just vetoes the proposal, sooner or later he will have a fight with Tencent management, and everyone will look bad at that time.

Fang Jie still hopes to make money in harmony, try not to make enemies, and achieve a win-win situation.

In fact, not only Tencent, but also China Telecom, China Mobile, and China Netcom will definitely use their own channel advantages to build their own websites.

Otherwise, with such a lucrative industry, why should others see your family grow bigger?
51ka does not have any core technology, and the threshold is so low, anyone can do it, right?
Isn't that the case in the previous online car-hailing market?

Even if a certain company has achieved 90% of the market, there are still countless capitals coming in to get a piece of the pie. The negative news about a certain company on the Internet is indeed that there are various problems in itself, but there are also other capitals behind it. Add fuel to the flames.

For example, there were only two passenger incidents, and the online car-hailing industry instantly became a public enemy.

As everyone knows, in the taxi industry, such vicious incidents happen every year but are not reported. The safety of taxis is actually far lower than that of online car-hailing, and there are also cases of online car-hailing drivers being raped by passengers, but they are all selectively ignored. Yes, obviously someone is manipulating public opinion behind the scenes.

This is the consequence of eating alone, blocking people's way of making money, and making too many enemies. In the end, everyone will push the wall down.

On the other hand, if you absorb all these forces and capital and become your own shareholders, then all contradictions will disappear, and the industrial channels will be bigger and more profitable. Jie himself stepped forward, and these shareholders would come forward to settle the matter.

Therefore, industries with extremely low barriers to entry like 51ka will need financing sooner or later, or even go public. It just depends on whether the price is suitable and the timing is not ripe.

However, a core industry like boiling games that involves high technology, high artistry, high creativity, and is labor-intensive is completely different. The threshold is too high, and ordinary capital cannot participate in the competition at all. If you can make money, that is yours. For your ability, everyone is jealous, but they will not regard you as a competitor or even an enemy.

For example, like Huawei, the capital can only watch helplessly as it becomes the only Fortune [-] company that is not listed.

Based on these considerations, Fang Jie revealed a little bit to Tencent at the wine table: "You are also aware of the profitability of 51ka. It is not impossible to buy shares, but the valuation is reasonable. You can consider giving you a maximum of 5% of 51ka shares. 2000 Ten thousand, and it’s your private investment, so Tencent shouldn’t get involved.”

Upon hearing this, the pony buddies began to weigh carefully.

The 2000 million that Fang Jie said is not RMB, but US dollars. The valuation concept in the industry is calculated in US dollars by default!
If it is RMB, is there a trade-off in this matter?

People’s 51ka’s monthly income is tens of millions, and their sales are hundreds of millions. 2000 million RMB is nothing. It’s impossible for them to talk to you!
So based on this ratio, the valuation given by Fang Jie is 4 million US dollars, equivalent to 32 billion RMB!

The reason why he said that the private nature of the shares, rather than letting Tencent participate, means clearly telling everyone: I am taking you to make money privately, and the opportunity to give you a car is based on our personal relationship, not letting you What kind of strategic investment or cross-shareholding do you use Tencent's money for?

Because Fang Jie owns 44.99% of the shares in Tencent, and Tencent invested the company’s money in 51ka, which means that Fang Jie took almost half of his own money to buy his own 51ka. Isn’t this sick?
If it is done in this way, it is not impossible, then the account will not be settled in this way, at least his own part will be deducted.

But if it's privately funded, where did Xiao Ma and his gang get the 2000 million US dollars?
The last time they sold shares to MIH for financing, they only sold more than 500 million yuan, and they didn't have that much money to subscribe for all 5% of the shares.

This is very embarrassing. If someone gives you the opportunity to invest in shares, but you can't get that much money out, you can't blame them.

Brother Ma and the others were hesitating, but Fang Jie became more determined to sell part of 51ka's shares.

It wasn't because he lacked money to build the Taiji Tower, but because he suddenly realized that point card sales platforms like 51ka don't actually have core competitiveness in the long run.

According to previous experience, the really important core platform is not the sales platform, but the payment platform like Alipay and WeChat.

If 51ka is released, and later builds a payment platform and controls the core platform, then 51ka is actually still under its own control, so 51ka can be raised independently for financing and listing, and we will make some money first.

Thinking of this, Fang Jie began to fool around: "Don't think that the valuation of 4 million US dollars is too high. Based on 51ka's current revenue, based on the price-earnings ratio, the valuation of 4 million US dollars is only about 10 times PE, which is definitely a bargain. You go to the stock market to see, how can there be Internet company stocks with a price-earnings ratio of less than 10 times?"

"That's right! 51ka is taking the route of financing and listing! I'm giving you the opportunity to get in the car now, not begging you to buy shares, because I don't lack money! You should know how much money I can make every month. This money I can't spend it all, so why ask you for financing? So you have to figure this out!"

"Besides, you have to take a long-term view! My plan is to make 3ka listed on Citigroup within three years. During this period, there will be multiple rounds of financing. Your $51 million investment is considered to be the A round. There may be several before the listing. Double the payback."

"In this way, I am not as good as you in telling stories, and we will not mention financing and listing. To be honest, my Boiling Network is currently developing 5 online games at the same time, and three online games will be launched this year. The monthly game card sales will inevitably increase. Let the income of 51ka increase."

"In the future, Boiling Network will develop at least 3 games every year. This is the guarantee of 51ka income. Even if it is not listed, it will make a lot of money by relying on the company's dividends!"

"In addition, 51ka will be upgraded to 51mai, and e-commerce will cover all categories of products, such as retail products, electronic products..."

"Anyway, I'm in a good mood today. I accidentally slipped my mouth, but I'm too lazy to take it back. Now is such a chance to get in the car. Maybe I'll regret it tomorrow. Think about it, I guess I will be in Shencheng Wait for two days, and give me an answer before returning to Jiangcheng, after this village, there will be no such shop."

(End of this chapter)