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

Chapter 155: Slope System Assets Break Ten Billion!

"Oh, when does Director Zhong think that Penguin will start blocking our Weiyin's short videos on the WeChat channel?" Zheng Wentong asked.

A good CFO actually has a good understanding of the company's overall business and development direction, so when a large foreign company chooses to succeed as CEO, it is often promoted from among the CFOs, such as Ahri's Zhang Yong.

Zhang Yong said in an interview with the media that he never thought of buying a house in Hangzhou, and has always lived in hotels. Five-star hotels are much more comfortable than luxury houses, right?
Teacher Jin Xing rented a presidential suite at the Puhai Jinjiang Hotel for 100 million a year.If you live in a mansion, there are still people staring at your private life, why do you keep staring at your hotel?
You have to register when you enter the hotel, looking for friends?Excuse me, my friend, report the room number and call the front desk to confirm. What can the paparazzi take?
In fact, the privacy of a five-star hotel is better than that of an ordinary mansion, and two people enter and leave the hotel at different times, so you have no way to prove that they have a tryst.

Zheng Wentong really doesn't think that Zhang Yong's living in a five-star hotel all the year round proves anything. It can only show that he really likes staying in hotels and doesn't like to do housework.

Zhong Yiqi knew that Zheng Wentong was examining whether his judgment ability was accurate, "Actually, Penguin doesn't care about tens of millions of users. Any software under Penguin has hundreds of millions of users."

"Penguin's strategy is to let you develop first, see if this software is successful, and finally launch a similar software, and then use the huge user base of Penguin and WeChat to make a similar software and destroy you!"

Huafu Group is acquiring Zhong Yiqi's former owner, Autohome, and he doesn't like giant companies like Penguin, Ari, and Huafu.

Zheng Wentong knows that Zhong Yiqi has said a lot, instant messaging software like WeChat, WeChat is not the pioneer, Rebus launched Michat earlier, and already has tens of millions of users.

But when Penguin made a similar software and diverted traffic through Penguin, Rebs knew that Michat would definitely not be able to compete with WeChat, so he gave up on Michat.

Since 2010, only one company, ByteDance, has been able to break out from the pinch of Ali and Penguin and become a new Internet giant.

"Penguin will make two-handed preparations. First, he will pay more attention to Penguin Weishi and focus on the short video field; second, when the number of users of Weiyin is about to exceed [-] million, they will use technical reasons. Block Weiyin's sharing links on WeChat or Penguin. Of course, these two steps are actually being carried out simultaneously." Zhong Yiqi replied after thinking.

Zheng Wentong recalled the development trajectory of Penguin and Ali after 16 years, and believed that Zhong Yiqi's analysis was relatively accurate.

The investment strategies of Ari and Tencent are very confusing. Ari likes to buy, buy, buy, Youku, Xiami Music, Ele.me, AutoNavi Maps, RT-Mart, etc. As a result, most of the new businesses he bought lose money, and they still rely on Tmall, Taobao and Ant Group have blood transfusions.

Penguin likes to invest and does not interfere with the management of the founder team, such as JD.com, Meituan, Pinduoduo, Kuaishou, Didi, Bilibili, Himalaya, etc.

Therefore, many people say that Penguin is a better investment company than Sequoia Huaxia, Hillhouse Group, and Capital Today, none of them. It has successively held shares in hundreds of listed companies and made a huge profit of 1200 billion US dollars.

However, the future business development line of Weikexinke has a lot of competition with Penguin. For example, Weitoutiao corresponds to Penguin News, Weiyin VS Penguin Weishi, Weidu VS Yue.wen, Weiying VS Penguin Video, Weishu VS WeChat + Enterprise WeChat .

The Los Angeles studio of Ramp Capital started to develop the game "PUBG Mobile" again. Zheng Wentong is also a shareholder of Mihayou Technology, and the game business will also compete with Penguin.

Weike Xinke is relatively small now, but Weitoutiao has more than 3 million users, and the short video app Weiyin has more than 1 million users. Penguin is about to face up to the challenge of Weike Xinke.

They want to kill this market competitor in the bud. After all, others are the famous "Pizza Hut" and have only suffered losses in the hands of Laoganma.

The Internet industry seems to be in harmony, but there are many stumbling blocks behind the scenes.

The reason why Ahri and Penguin can become the two giants in the Internet industry is that they hold the two powerful weapons of Alipay and WeChat, and rely on their huge user base and collected massive data to expand their business territory brutally.

So from this perspective, the two apps Weiyin and Weishu will occupy an absolute core position in Weike Xinke.

"If it's just to achieve financial freedom, I can transfer all the companies in the slope system out now, and I can cash out tens of billions of funds, but if I want to build a world-class Internet company, Weike Xinke can only say that it has just started."

"After the 360Q battle between Penguin and 3, it finally attracted the Ministry of Industry and Information Technology to be a referee. Later, Xiao Ma changed his management style and was not so aggressive."

"But Penguin also has its basics. Social + gaming is its core business, and it cannot be challenged by other companies, just like Ahri's e-commerce field."

"The development of Weiyin, first, challenges Penguin's social networking. Short video applications will quickly become popular among acquaintances socializing. Of course, Weiyin can incubate e-commerce, and Taobao's live streaming products can be copied to Weiyin."

“So for Weike Xinke, Byte is a direct competitor, while the competition between Weitoutiao and Jinri Toutiao is in full swing, and Penguin is a mid-term competitor, because sooner or later Weiyin will make efforts in the social field.”

"Ari is a long-term competitor, because Weiyin is destined to enter the e-commerce field. However, Ari is also our near-term ally. We also have Weimeng Media and Taobao Live, Youku and Xiaoma Galloping, and Noon Sunshine's film and television drama projects. A lot of cooperation."

"Qiandu will start preparing to buy the equity of Taihe Music Group held by Qiandu Music next month. Qiandu is currently being sold to private individuals for profit due to illness, and is also very busy."

"In this regard, we are allies with Qiandu, but Weitoutiao and Mobile Qiandu are also in a competitive relationship. Thinking about it now, Weike Xinke is really an enemy, and both are fields that Internet giants are deeply involved in." Zheng Wentong said .

"In fact, this is also a good thing. It shows that Weike Xinke has great potential, and ordinary people dare not get involved in these fields."

"Weike Xinke may need to complete a round of financing this year, and it needs to burn money to compete with Toutiao. However, when the number of users of Weitoutiao and Weiyin grows, the revenue in 16 is expected to exceed 30 billion. In 17, The revenue is expected to exceed 100 billion.”

"After Weike Xinke's annual revenue exceeds [-] billion, it will be able to survive even in the face of competition from four companies: Penguin, Alihe, Qiandu, and Byte." Zhong Yiqi said.

Zheng Wentong thought to himself, Byte’s revenue in 16 was 60 billion, and in 17 it was 150 billion. ByteDance has not raised funds since 18.Because since 18, Byte, like Mihayou Technology, has no shortage of money at all.

Byte and Ant have also become the largest unicorn companies in China. If they go public, Byte's market value will not be less than 3000 billion U.S. dollars, making it the third largest Internet company after Penguin and Ali.

Weike Xinke's revenue this year will be half of the byte, next year will be 2/3 of the byte, and the year after that will be able to match the byte beating. The plan to launch the listing is also more appropriate.

The most important reason why Zheng Wentong recruited Zhong Yiqi from Autohome was for the revenue of Weikexinke. Autohome’s advertising revenue is good. Weitoutiao can incubate a separate second-hand car channel, which is similar to understanding cars. Emperor, Zhong Yiqi is quite good at this, and he can be fully responsible. When Zhong Yiqi starts this business, Zheng Wentong can promote Zhong Yiqi from chief financial officer to chief financial officer, that is, CFO.
Zhong Yiqi is currently the first executive with an annual salary of more than one million at Slope Investment. Although he has extraordinary qualifications, he also needs to show his working ability in front of Wang Zhiliang, the technical director of Weike Xinke, and Yang Ji, the leader of the Weidu team.

Past achievements can only represent the past, and the speed of development of the Internet industry is changing with each passing day.

Zheng Wentong will also introduce more high-level management teams to help Weike Xinke achieve faster development and expand business in the international market.

Zheng Wentong found that the development of Weike Xinke is restricted because the speed of talent training cannot keep up with the company's growth rate. In fact, as the CEO of Weike Xinke, he can only guarantee that the company's overall development direction is right, but the speed of development is not up to him. It is the CEO who decides, but through the company's middle and senior management team.

This is why Zheng Wentong vigorously promotes OKR and uses OKR to replace the traditional KPI assessment.

Zhong Yiqi completed the handover with Yao Yutong, the financial manager. It was also the first time that Zhong Yiqi found out the family background of Slope Investment and straightened out the equity structure of Slope Investment.

At present, all subsidiaries of Slope Investment are profitable. Even Yanjing Galloping Horse invested hundreds of millions of dollars to shoot two films, and they have already achieved book profits.When "Tucao Conference" takes over from "Tucao Conference", the company's profitability will further improve.

Weimeng Media lost money for a year, but also started to make profits through the live broadcast e-commerce business, and it is the subsidiary with the fastest revenue growth among the subsidiaries. In 16, it is expected that the monthly income will not be less than 1 million yuan.

Although Jijia Apartment is an asset-heavy industry, the number of rooms owned by Jijia Apartment is also significantly expanding. At present, Jijia Apartment in Puhai has 5000 houses, and the monthly rental income exceeds 800 million, not including Disneyland The surrounding Jimeng B&B projects.

The stakes in film and television companies held by Slope Investment, Pony Gallop and Noon Sunshine, add up to more than 30 billion;
The two Internet companies under Slope Investment, Weike Xinke and Interconnect, are worth 40 billion in total;
The Internet companies invested by Xiepo, such as Xiaohongshu, Himalaya, Bilibili, Pinduoduo, Heytea and Naixue’s tea, are also worth more than 10 billion;
Adding Weimeng Media, Jijia Apartment, and Huaxin Insurance Brokers, the value is at least 12 billion;
Slope Investment also owns a series of high-quality IP such as "Three-Body Problem", "Knowledge", "Everything is Good", "Dajiang Dahe", and invested in two TV series "Ordinary Glory" and "In the Name of the People".

Slope Investment also owns a 3 million office building in Weike Xinke, two office buildings in Hangzhou, and several vehicles with their names.Adding these together, the assets of Slope Investment's parent company are also around 8 million.

Zhong Yiqi is full of calculations. The current assets of the slope system have exceeded 14 billion, and so far, except for the completion of two loans totaling 6500 million yuan with equity pledges in [-] years.

The slope system only introduces funds through equity transfer and equity financing, without any new borrowings.

The company's total assets have exceeded 100 billion yuan, and it has no debts.If Zheng Wentong intends to transfer all the slope systems, the price that can be sold is estimated to be more than [-] billion!

(End of this chapter)