I Won a Prize of 100 Million at the Beginning, and I Became a Capital Boss

Chapter 116 Wuzhen's Rising Star!
The next day, Zheng Wentong attended the opening ceremony of the [-]nd World Internet Conference in formal attire. He sat among the representatives of Puhai Internet companies and listened carefully to the keynote speech of the chief executive. Zheng Wentong took notes.

Before the opening ceremony, the top leaders and guests took a group photo. There were 2000 participants in total, and 84 people participated in the group photo. Mr. Ari Ma, Penguin Ma, and Qiandu Li Yanhong stood in the second row. Rebs, this year The married Dong Ge and Zhou Jiaozhu of 360 are standing in the third row. Among them, the youngest entrepreneur representatives are Cheng Wei from Didi and Zhang Yiming from Toutiao. Didi is in the limelight at the moment.

At the end of the opening ceremony, the Chief Minister took the time to meet the representatives of young enterprises participating in the meeting. Zheng Wentong also participated as a representative of Puhai Internet enterprises.Director Lu also briefly introduced Zheng Wentong, saying that he is one of the few post-90s among the founders of Puhai Internet companies, and he is also a star of the Wuzhen Summit.

He encouraged everyone to seize the opportunity of the mobile Internet, strive to innovate, assume the main responsibility of entrepreneurs, strive to become a rising star in the Internet industry, and create a new business card in the Internet field.

At noon, Zheng Wentong was the host, and invited representatives of invested companies to dinner, Qu Fang from Xiaohongshu, Cai Haoyu from Mihayou Technology, Xu Yi from Station B, and Yu Jianjun from Himalaya.

Xu Yi joked with Zheng Wentong, "Wentong, you are now a rising star in the Internet industry at the Wuzhen Conference. I think you will be able to take a group photo on stage next year."

"You are eighty-nine and I am ninety-nine. There is only one year difference. There is no need to ridicule my peers, right?" Zheng Wentong knows that a tree is beautiful in the forest, and the wind will destroy it. If it is not well-developed, it is not a good thing to attract too many people's attention .

Qu Fang joked with Zheng Wentong, "You can't blame me for this, who made Wentong the richest among us, even though he is the youngest?"

Zheng Wentong raised his hand to beg for forgiveness, "Okay, okay, today's lunch is my treat, okay?"

Cai Haoyu was unhappy, "Okay, you asked us to have dinner together, and you still want us to pay?"

He complained to others about Zheng Wentong's bad behavior, "Zheng Wentong borrowed someone from Mihayou Technology to prepare an overseas game office, but he was poached by him through borrowing employees, and became Liu Bei who borrowed from Jingzhou. There is no repayment!"

Yu Jianjun poked at Cai Haoyu, "Come on, don't get cheap and act like a good boy, how much money did you earn from "Honkai 2" this year? You should have [-] million turnover, right? Overseas income also has tens of millions of dollars, so you can have fun secretly." ?”

As the founders of Station B, Xu Yi and Zheng Wentong still maintain a good personal relationship, but there is already a gap between Chen Rui and Zheng Wentong. After Chen Rui became the chairman of Station B, he is also planning to gradually weaken the influence of shareholder Zheng Wentong on Station B.

After the meal, the others left first, and Yu Jianjun stayed behind.

"I have been paying attention to the development model of Wei Toutiao. The launch of the free reading app Wei Du is really unexpected to me. Although the scale of Wei Du is relatively small, it can indeed get a piece of the pie from Yue Wen Group."

"Wen Tong, you are also a shareholder of our Himalayas now, and Slope Investment has also followed up the B-round financing of Himalayas. In fact, Weidu and Himalayas can also complement each other."

"Weidu can put the novels of online writers on Himalaya, which can guide and increase the popularity of Weidu. The novels of Weidu can also enrich the copyright library of Himalaya and reduce the purchase cost of Himalaya." Yu Jianjun explained his purpose of coming.

Zheng Wentong knew what Yu Jianjun was thinking, "Brother Yu, I really can't make up my mind about what you are talking about now. If you want to broadcast the novels of Weidu Internet authors in Himalaya, you still have to pay the Internet authors for their copyright. Fee."

"Copyright fee? Aren't you free reading software? Besides, isn't the copyright of the audio novel of the work in the hands of Weike Xinke?" Yu Jianjun was stunned.

"Brother Yu, first of all, let me state that we read Weidu with free + advertising, which does not mean that we will give up copyright income."

"When Weidu and an online writer sign a contract, 100% of the copyright of this work belongs to the author, and Weidu only has the priority signing right. If the author sells the derivative copyright of the novel to a third-party company, Weidu and the online writer will share [-]%. "

"That is to say, if Himalaya purchases Weidu's online novels, it still needs to give Weidu 30%?" Yu Jianjun felt a headache. He originally wanted to prostitute the copyright for nothing.

"It's too troublesome to talk about each part. Can you package it as a whole? You can also help to lower the price. 70% of the author's side is indispensable. Can the 30% of Weidu be discounted? After all, our two companies cooperate. Both Keke and Himalaya are good news, and it can also make the valuation of Himalaya in the hands of slope investment higher." Yu Jianjun was lucky.

"Brother Yu, let me tell the truth here. I have basically achieved a balance of payments on Wei Toutiao, and Wei Du is currently losing money. After all, I use platinum contracts, gold contracts, silver contracts, and bronze contracts to sign authors. They all need to pay real money, and I have to pay the contracted writers for full attendance every month, which is not a small fee."

"Maybe it's just a small amount of money for you, but mosquito meat is still meat no matter how small it is. If the quotations are similar, I will definitely give priority to cooperation with Himalaya, but the company is also negotiating cooperation with Lizhi FM and Dragonfly FM. If the quotations differ If it’s too big, we still have to talk about business.”

Yu Jianjun was not in a good mood, "What the hell are you talking about business? If you and I were talking about business at the Wuzhen Summit last year, would you still be able to buy a 5.5% stake in Himalaya at such a cheap price?"

A year ago, Slope Investment bought 2288% of Himalaya’s equity for RMB 5.5 million. At present, the market value of this part of the equity has exceeded 20 million, and Himalaya’s current valuation is over RMB [-] billion.

Zheng Wentong will follow up the C-round financing of Himalaya. When Penguin enters the market and completes the D-round financing. When the valuation of Himalaya exceeds 50 billion yuan, Zheng Wentong will gradually clear the equity of Himalaya. After all, Himalaya has been plagued by copyright problems since 19. , the VIE structure has been established, and the listing has not been completed within three years.

"Mr. Yu, since you want to talk about cooperation, let's talk about it. Harmony makes money. Don't be so angry. Of course, I am also willing to promote the cooperation between Weidu and Himalaya. In this way, Weike Xinke will hold a creator conference in a few days. Let’s take part, and when Weike Xinke starts financing, Himalaya can also participate in a share.”

Yu Jianjun was a little moved, "What is the valuation of Weike Xinke's A-round financing?"

Zheng Wentong gestured with one or two fingers, but Yu Jianjun didn't believe it, "2 million dollars?"

"What are you thinking? 20 billion RMB!" Zheng Wentong replied.

"Impossible? How long has your Wei Toutiao been online? In just four months, you dare to value 20 billion to venture capital institutions. How dare you speak!"

Yu Jianjun is very envious. His Himalayan users have exceeded 3 million, monthly active users have exceeded 2000 million, and the current valuation is only about 20 billion.

"Our Himalayas have worked hard for almost three years, and the valuation is only 20 billion. Your Wei Toutiao has only been online for more than 3 months, and it is also valued at 20 billion. You are really fooling!"

Yu Jianjun himself is a master of storytelling. Since the app was launched, Himalaya has completed 9 rounds of financing in total, with a total financing of 50 billion.

"Brother Yu, I'm not happy when you say that. I'm not fooling around. This valuation is estimated by them themselves, and I didn't blow it up on purpose."

"Although we launched Wei Toutiao relatively late, Wei Ke Xinke was established in May, and it has been 5 months since it was fully charged. We Wei Ke Xinke now has more than 7 technical developers alone, plus other departments. Employees, now a month’s salary is more than 900 million, is the valuation 2000 billion high?”

Yu Jianjun was taken aback, "I'm a good boy, no wonder all major Internet companies are saying that Weike Xinke is recruiting people every month, and HR is almost too busy. According to your recruitment progress, even if you can get two or three Billion is not enough for you to burn, so you are so optimistic about the development of Wei Toutiao?"

Yu Jianjun was originally not optimistic about Zheng Wentong’s Wei Toutiao. After all, news sites have been monopolized by Toutiao and Qiandu Mobile, as well as Penguin News and the three major portals.

However, Zheng Wentong insisted on finding another way, and made a bloody road. First, Fang Zhouzi bombarded Chai Jing for making fake documentaries, which made Wei Toutiao an instant hit.

The relationship between Liu Yifei and Song Seung-heon was exclusively announced on Weitoutiao. The presence of major stars has brought a wave of traffic to Weitoutiao. Liu Cixin, the author of "The Three-Body Problem" and Stephen Chow, the director of "Mermaid", have settled in Weitoutiao. A lot of traffic.

Even the dispute between Zheng Wentong's girlfriend Bai Xiaolu and a certain draft star can bring heat to Wei Toutiao. After such a few rounds, the number of Wei Toutiao users has exceeded 9000 million, which is only a short distance away from breaking through [-] million.

For a mobile app, 1 million, 3 million and 5 million are three watersheds. 1 million users means that you are already a star app, and this company already has the potential to go public.

3 million users said that this APP has already gained a high reputation and has begun to be closely related to people's basic necessities of life, such as Meituan, Baidu Maps, Didi, Ctrip and so on.

If an APP has more than 5 million users, it is already a national-level application, covering almost all domestic Internet users. At present, there are only WeChat and Alipay. After all, this year’s Internet users are only around 7 million.

Moreover, Weitoutiao is different from Universal WIFI. Universal WIFI has limited commercial application scenarios, so although Universal WIFI already has 3 million users, its valuation is not as good as Weitoutiao’s 9000 million users.

And if the loss-making Weidu is removed, Weike Xinke can currently achieve a balance of payments, which is too powerful. For Toutiao and Qiandu mobile phones, the advertising revenue put by merchants is the key to their profitability.

Himalaya has been online for almost three years. So far, no quarterly report has been profitable, and station B has been losing money year after year.

From this perspective, Weike Xinke is definitely a star company, and it is appropriate to call Zheng Wentong, the founder of the post-90s generation, the rising star of the Wuzhen Summit.

(End of this chapter)