Rebirth of the big era of online games

Chapter 298 Returning to Before Liberation Again

Boiling Network does not have that much money.

This shot, the so-called 3 million US dollars, the actual investment is only 1 million US dollars.

Part of it is the 2 million RMB interest-free loan from CCB to Boiling Network, and the other part is all the family assets that Boiling Network has saved in the past few months.

Yes, Fang Jie once again emptied his bank account and returned to before liberation.

But even so, there is still a $2 million hole to fill.

So the other 2 million US dollars is actually converted from 51% of 5mai's shares.

Yes, in order to seize the opportunity to invest in NetEase, Fang Jie launched the second round of financing for 51mai ahead of schedule.

This time, he directly doubled the valuation of 51mai by ten times, to 40 billion US dollars!
40% of $5 billion is 2 million.

Don't be too expensive!

51mai, Fang Jie intends to turn it into an existence like Taobao in his previous life, and it is more comprehensive and more advantageous than Taobao.

After all, Taobao is only a B2C service platform, and 51mai plans to be a comprehensive service platform of Taobao retail + JD Electronics + Meituan Waimai + 51ka digital products + Boiling Express!

Although 51mai is actually mainly based on 51ka digital products, supplemented by electronic products, Meituan and express delivery are even absent, but there are too many stories to tell in the future. Even if it is valued at 40 billion, it is still very "cheap". !
Of course, this also includes the potential monopoly value of the three giants of telecom, mobile, and China Netcom, which are already shareholders of 51mai, including the channel value of Tencent, the technological value of Huawei, and the boiling channel, game, technology, and resource integration value. .

Just relying on these great companies, 51mai is worth the price!

Then the 1 million cash + 2 million valuation, plus Fang Jie's three-inch tongue, got 20% of the shares from Netease!
When NetEase was listed on NASDAQ last year, the total share capital was 30 billion shares, and the issue price was 15.5 yuan, that is, the market value reached 450 billion US dollars.

Today, based on the suspension price of $0.64, the market value is only a pitiful $19.2 billion.

The point is that the 19.2 billion US dollars is only the market value. Whether the actual value is so much has to be recalculated. At least now, no one is willing to spend 19.2 billion to buy NetEase.

Therefore, Fang Jie’s valuation of NetEase is 15 billion US dollars, that is, it is purchased at a price of 0.5 US dollars per share.

This is not to bully Netease or anything. According to the usual practice in the industry, a large share transaction would have to be discounted by 10%-30%.

What's more, NetEase's current financial problems are very serious. It was suspended by Nasdaq, and Boiling subscribed at this price.

Moreover, this favor is not only an investment of real money, but also has a propaganda effect of boosting confidence.

At the most difficult and dangerous moment when various negative news of Netease came out frequently, Boiling's move immediately diverted the attention of the public and investors.

Before that, everyone was talking about NetEase being suspended, high-level executives fleeing, and financial statements being falsified. Domestic Internet companies are facing a cold winter. Even NetEase, one of the three major portals, is about to collapse. It turned out that after only three days, everyone discussed The topic has been changed to the boiling network to send charcoal in the snow, Netease is so lucky, the two companies have joined forces, and now Netease will definitely come back to life!
With confidence, the company stabilized internally. Employees no longer considered leaving, but their confidence increased greatly, and they felt that it was a wise decision to stay.

Some investors are no longer thinking about withdrawing funds, but whether they should also increase their positions.

As for Netease's financial problems, is that still a problem?

With the boiling infusion of 3 million US dollars, it is difficult for Netease to die!
If NetEase resumes its listing now, the stock market will inevitably rise sharply. It is a very good investment concept to inject capital and cooperate with it. It can tell the story well, and it is not afraid that foreign investors will not enter the pit.

Even the investors who sold NetEase shares before now have begun to regret it, and secretly vowed in their hearts that once NetEase opens, they will buy them back as soon as possible!

In short, the actual benefits brought by Boiling's investment in Netease are far greater than the fact that there are only 1 million US dollars in cash. This is why Netease's Ding is willing to give up 20% of the shares to Fang Jie at a very low price. There are many benefits that cannot be measured in cash.

Before the listing of NetEase, Mr. Ding held 68% of the shares. After the listing, it was diluted to 58%. Now it has been further diluted, or directly sold 20% of the shares to Fang Jie. The remaining NetEase shares in his hand are only 38% down.

Mr. Dan Ding is still the largest shareholder of Netease, but he has a veto power, and the company is still under his control.

The second largest shareholder is now Fang Jie, holding 20% ​​of the shares.

Best Alliane Profits, which was previously the second largest shareholder, remained unchanged at 8.5%.

The rest are retail investors who bought 4.5 million outstanding shares and some small investment institutions.

Of course, the change in the entire shareholding structure was finalized after several rounds of negotiations, and it wasn't just a matter of Fang Jie and Mr. Ding sitting down and talking casually.

Netease's skinny camel is bigger than a horse. Its market value dropped from 450 billion to 19.2 billion, and Fang Jie bargained for it to 15 billion. This must be well explained, otherwise Netease is not a fool?
In this regard, NetEase has indeed suffered a little loss, but considering that Fang Jie is willing to give NetEase 51% of 5mai shares, NetEase feels that it has made a profit in this regard.

As a listed company, Mr. Ding knows too well how much 51mai will be worth if it goes public according to Fang Jie's story, so overall, it seems that it is not losing money.

The point is, Fang Jie also expressed that Boiling is willing to help Netease to remake "A Chinese Journey to the West I". If Netease has any other agency or game production in the future, Boiling can also cooperate with it to jointly promote and operate.

In this case, from NetEase’s point of view, with Boiling providing technical and channel support for games, their own investment in this area can be reduced a lot, and they only need to be responsible for the operation, which not only saves a lot of expenses, but also makes profits at any time. With the opening of channels, it will increase significantly, which will increase revenue and reduce expenditure, so that NetEase can improve its financial problems as soon as possible and delist as soon as possible.

Therefore, the cooperation between the two parties is multi-level, and there are many factors to consider, rather than the 3 million US dollars known to the outside world. If the matter is really that simple, many people are probably willing to exchange 3 million US dollars for 20% of NetEase’s shares, okay? ?
Although Netease felt that the cooperation between the two parties did not lose money, including the outside world that Netease was lucky and took advantage of it, in fact, only Fang Jie knew very well that he had made a lot of money.

I won’t go into details about the market value, but only one thing: before his rebirth, NetEase’s Hong Kong stock market value was close to 4400 billion Hong Kong dollars, and the US stock market value was close to 550 billion US dollars. With the blessing of boiling in this life, the future market value will definitely be even higher!

Secondly, the game "A Chinese Journey to the West I"...

Hahaha……

Fang Jie wanted to laugh when he mentioned this game, he just picked up a big deal, right?
In the previous life, "A Chinese Journey to the West II" and "Fantasy Westward Journey", currently there are two of them on Boiling. Previously, NetEase's high-level executives resigned, especially the talents in the game department. Almost all of them were recruited by Boiling. And it is already a leader in the game industry.

So Boiling here changed "A Chinese Journey to the West I" into the classic big talk and fantasy series of the previous life, and then made a lot of money, it is simply destiny!

Taking other people's shares, digging out their talents, and even robbing their star games, Fang Jie felt that he had made a lot of money. When negotiating face-to-face with Mr. Ding several times, he was embarrassed to stare at the other party for too long... …

(End of this chapter)