Hollywood Hunter - Chapter 1630 : Make-or-break hero

The headquarters of Paradise Online is located in a building on the north side of Zhejiang University's Yuquan Campus by the West Lake. The 12-story business building occupies half of Paradise Online. Because of the increasing prosperity of the company, Paradise Online has encircled 130 plots of land in the prime area on the west side of the Zhejiang University campus next to the Huanglong Sports Center, and plans to cooperate with the Greentown Group of Zhejiang Province to build a comprehensive headquarters park.

The once famous Greentown is also a real estate company supported by the Westeros system in China.

It's already June 7th.

Wednesday.

Simon visited Paradise Online with Lin Su in the afternoon.

"In terms of content strategy, we found that the information on the portal website was too simple and fragmented. Therefore, starting from last year, we have focused on a plan to cultivate a series of subdivided professional websites, involving sports, software, military, and movies. , digital, finance, education, etc. Since the implementation of the plan, we have incubated 37 projects, of which 2 have over 10 million visits per day, 7 have over 1 million, and the rest are basically over 100,000. It's been very successful overall. Next, our Paradise Portal will gradually lean towards navigational portals, bringing traffic to various segmented content items, and no longer leaning towards self-produced content."

conference room.

Simon and Lin Su sat in the audience together, waiting for the voice of Liao Chengyu, CEO of Paradise Online, to ask, "What is the equity structure of these projects?"

Liao Chengyu said: "The investment and shareholding model is basically adopted, which is based on the enthusiasm of the project team. Otherwise, it will be wholly owned by us, which is no different from internal projects. It maintains an absolute majority stake of more than 50% and the exclusivity of all project website content. In this regard, even if the shareholding ratio is reduced to less than 50% in the future, because of the binding agreement, it will not change in the short term."

Simon was noncommittal, and Lin Su beside him thought that the man was dissatisfied, and helped to explain softly: "You said it yourself, we can't eat all the benefits."

"Not this," Simon shook his head: "The problem is that the content is monopolized. The traffic of Paradise Online is indeed very objective, but restricting these websites to one family will definitely hinder their development." He looked at the two of them separately, He continued: "You are also aware that at present, I hold shares in several domestic Internet companies in China, which are considered one."

More than just holding shares?

Liao Chengyu said a word in his heart, and his expression was calm and he argued with the big boss: "Mr. Westeros, the problem is that after all, we are no longer a company, but a competitive relationship. You are from the United States, you must understand that there is competition in order to have a competitive relationship. Progress. Since it is competition, everyone must give priority to their own interests. At present, everyone is running the portal business, and the homogeneity is serious. It is difficult to say that a few will survive to the end, and we must maintain our own competitiveness.”

To the extent that history deviates from the present, it is difficult to say what is right and what is wrong. Or, whichever one succeeds in the future is right.

Make-or-break hero.

Simon thought to himself, nodded, and said nothing, motioning Liao Chengyu to continue.

Liao Chengyu continued to introduce some of the projects that Paradise Online is running, and finally put down the projector remote control and looked at the young tycoon sitting in the audience: "Mr. Westeros, one last thing, regarding Paradise Online's IPO, I started from last year. I have already submitted two reports to the board of directors and both were rejected, may I ask why?"

This question did not surprise Simon, and without thinking about it, he gave an answer directly: "Because Paradise Online is too profitable."

Liao Chengyu was obviously surprised: "Huh?"

Simon showed a slightly ambiguous smile: "I read your Chinese newspapers in the past few days, and there is a very interesting news that the tycoon surnamed Mou was sentenced to life imprisonment in the first trial a few days ago."

Liao Chengyu is a smart man, and he understands the big boss's thinking after a little thought.

I don't want Paradise Online to be too early.

After all, once the IPO, it means to announce the financial report. With the increasingly prosperous online game business, Paradise Online, like Jiangnan Interactive Entertainment in Suzhou, will both exceed one billion in revenue this year. From the data of the first five months Look, it may even be close to 1.5 billion here. Even if the team has made a series of investments that spread money, it is expected that the net profit will not be less than 300 million.

The profiteering level of selling white powder.

In the case of an IPO, the valuation of Paradise Online can reach US$1.1 billion even if it is calculated at a conservative price-earnings ratio of 30 times. In fact, it is really listed. With the current hotness of the new technology market, it is easy to break through the price-earnings ratio of 100 times. The market value of three or four billion US dollars is equivalent to 30 billion yuan.

Not to mention the rest, with Liao Chengyu's personal holding of 3% of Paradise Online, he will become a billionaire in minutes.

Even in 2000, China's billionaires are not that common.

In short, whether it is a company or an individual, it will become a rafter.

Thinking of this, Liao Chengyu hesitated a little, but still fought for it: "Mr. Westeros, I think, this way... Paradise Online needs to conduct an IPO. I mean, an overseas IPO, isn't it?"

"This is just one aspect," Simon shook his head again and said, "Also, on the one hand, online games have always been controversial in this country due to the public opinion environment in China. Therefore, you need to start all the businesses you just introduced. , to make the company look more decent. On the other hand, the Nasdaq is already overheated and it is difficult to hold on for too long. Starting the IPO process now, once the bubble bursts when it is listed, it will be disastrous for this company So, I need you to wait a few more years. At that time, I believe that the overall policy environment in China will also be more open, and the valuation of Paradise Online will also be more impressive.”

The big boss said so, and Liao Chengyu could only dispel his thoughts.

After chatting about some company matters, and seeing that the time was almost up, Simon left with Lin Su.

When they came downstairs, Lin Su got into a Mercedes-Benz luxury car with the man, waited for the car to start, hesitated for a moment, or said, "I always think, Simon, do you still have some prejudice against China?"

"Um?"

"About the IPO of Paradise Online," Lin Su said, and explained: "Of course I'm not for more money, but... I mean, you don't need to be so cautious, we have been constantly improving the protection of private enterprises. ."

Simon caught a word and said with a smile, "We?"

Lin Su reacted, and she was a little embarrassed, and then she raised her chest slightly: "Yes, we. I am Chinese."

The woman tried her best to look righteous, but Simon didn't deliberately pick on the fact that she had changed her nationality. Speaking of which, she and Chen Qing should have retained their Chinese nationality. China does not recognize dual nationality on the surface, but in fact, there are many similar cases. He just smiled, grabbed the woman's little hand and rubbed it, and said, "Well, if you think I'm biased, I apologize to you and promise to make adjustments."