my fintech empire.

Chapter 279 [Sacrificing Banknote Ability]

The general meeting of shareholders is still going on, and the executive vice president of the company said that there will be some agreed expenditures in the second half of the year.

Such as project money, land price money.It is expected that Zhengfu's land supply will be greatly improved in the second half of the year, and more high-quality land will enter the market. Wan Tiao's current land has less than three years of development, and some land will be acquired in the second half of the year.

As time went by, this interim shareholder meeting considered its plan to raise funds of no more than 112 billion yuan through public additional issuance and entered into a vote. This time, it was conducted through on-site voting and online voting.

Fang Hong also voted in favor through online voting.

There are actually six proposals in this EGM, and of course the most important one is the 112 billion refinancing proposal.

As the voting ended, according to the data announced at the general meeting of shareholders, the pass rate of all six proposals exceeded 99.8%, and the [-] billion refinancing proposal was naturally passed.

Judging from the passing rate of the votes on the major proposals, Fang Hong can basically conclude that the negotiation between the management and shareholders of Wan Tiao on the "performance-based gambling" plan on the ROE index has gone quite smoothly.

……

Two hours later, Tian Jiayi returned to Jingxinju from the company.

"How's the matter with Wantao?" Fang Hong asked bluntly, and Tian Jiayi replied immediately: "There is news, and it's good news. If there is no accident, Wantao's management will sign a 'performance agreement' with shareholders in the middle of next month." bet' agreement."

The content of this VAM agreement should be simple, and can be summed up in one sentence: Wantao’s management must increase the company’s ROE index within the next three years. Go up and deduct from their wages and commissions!

It's that simple.

It is because of its simplicity that the talks went smoothly.

Mr. Wang also thinks there is nothing wrong with this. He really wants to start the company, and the worst situation of this VAM agreement for the management team is nothing more than working for nothing, deducting bonuses and wages, and does not require the ROE index to top If you don't go up, you will kill the management.

However, it seems simple, but it has buried hidden dangers for the following series of things.

After listening to Tian Jiayi's report, Fang Hong nodded in satisfaction. The seeds have been sown, and the next thing to do is to follow up and observe, and then wait.

After a while, Fang Hong ordered simply and neatly: "Then after the middle of next month, on October 10th, we will start liquidating Wan Tiao's stocks."

Tian Jiayi didn't understand why Fang Hong did this, but he also believed that there must be a reason for him to do so. He immediately made a note of his decision and sent it to Huayu's office at the company tomorrow. .

"I have nothing else to do, so I'll go to the gym." Tian Jiayi put away the materials, got up leisurely and walked slowly towards the bedroom on the second floor.

Fang Hong tilted his head and glanced at her receding back, and lingered admiringly at her peach-like buttocks for a few more seconds. I have to say that the hot figure of the beautiful assistant cannot be separated from her body. Very self-disciplined lifestyle.

Looking away, Fang Hong turned on his laptop, entered the keyword "Yixing Video" in the search engine box, and pressed the Enter key. The first row of search terms was the entrance to the Yixing Video website.

Click to enter the video website and have a look. The website has been online for a while, and the latest version has improved a lot compared to the last time I went to Yixing Media Group.

Fang Hong clicked into the film library for a general overview. The massive film library resources are currently free to watch, such as movies, TV series, variety shows, etc.

As for the positioning of Yixing Video, because it is backed by Qunxing Capital, a rich and wealthy father, Hou Junda, who is in charge of Yixing Video, does not have to worry about the positioning of the website whether it is based on the PGC model or the UGC model.

Only children make choices, adults want all of them!

The PGC model is to professionally produce content, that is, the platform produces its own video content. The best model in this industry is the foreign Netflix website. This streaming media platform is called "Netflix" by domestic netizens and also called "Netflix fly".

The UGC model refers to user-generated content, that is, self-made videos of platform users UP masters. The best model in this industry is the foreign Youtube website. Domestic netizens commonly call it "Youtube", which refers to this video website.

But whether it is PGC or UGC, both belong to the category of content operation, which mainly involves the source of content in the website. PGC and UGC have their own advantages and disadvantages, and the most important thing is that they can be effectively combined.

The general development track of websites is to follow the path of PGC first, and then slowly UGC. As long as there are users who can provide content, the audience will definitely not be small, and the website will gradually enter the right track.

Although Hou Junda is young, he has also made an ambitious plan for the development of Yixing Video. Anyway, the funder's father promised to manage enough money, so he has to grasp it with both hands and be tough with both hands.

For PGC, the Yixing Video website is backed by Yixing Media Group, which is a professional content production unit. The online broadcasting rights of the movies, TV dramas, and variety shows produced will definitely be given to Yixing Video. PGC resources are directly with the parent company. Art Star Media docking.

For UGC, the key point is to recruit a group of video UP masters who can produce content, especially high-quality content, whether it is making funny videos, popular science videos, daily sharing videos, video clips and a series of self-made content.

Attracting a series of UP masters who make videos to enter the Yixing video website to provide rich content for the website, Hou Junda’s strategy is to "sprinkle coins" to give UP masters creative incentives.

But if you want to get the money, you have to sign a contract with Yixing Video, and the content can only be released on the platform of Yixing Video.

At this moment, Fang Hong saw an advertisement by scrolling the page in the upper right corner of the homepage of the Yixing video website:
——[Million Incentive Plan]——

Fang Hong clicked into the page and took a look. The general content is that since 2010, the Yixing video website will select the top 100 video up hosts of the year every year. Each of the [-] short-listed up hosts will get [-] million yuan. rewards.

At the same time, a "traffic pool package" can be shared with these one hundred UP owners. The higher-ranked UP owners can get more traffic support from this "traffic pool".

"Hou Junda, you really don't care about money..." Fang Hong said to himself with a smile, but he has ideas and courage, which the big boss appreciates.

It’s really a bit of a prodigal. Just one hundred UP owners all gave out 100 million yuan in rewards, which is 1 million yuan.

But it doesn't matter, Qunxing Capital can afford it.

Now that Hou Junda is the top leader of Yixing Video, Fang Hong will not interfere too much, and fully delegate power to let him toss. Matching scores come.

It's hard to say whether the results will be achieved. You can only know after you do it. This is the risk you have to take. Fang Hong is willing to take the risk. Hou Junda has read the development plan of Yixing Video, and he is quite satisfied. for approval.

Then let him do it, and if he can't do it well, he will trouble him again.

The "Million Incentive Plan" launched by Yixing Video has caused huge waves in the industry, and other video website peers are cursing in private. This plan is actually not a fancy idea, it is nothing more than burning money.

But it is such a simple and unpretentious operation that makes the peers speechless, because other video sites can’t keep up, and it costs 1 million yuan to set up an incentive plan, which is simply bullying for other video site entrepreneurial teams.

How is this?
Not with?If you don’t follow, then Yixing Video will become the benchmark, and high-quality UGC creators will vote with their feet to enter the Yixing Video website. For UGC content creators, the current era background is the era of "eternal love power generation". It's hard to make money.

Now the platform of the Yixing video website allows these fans to see that not only can they make money, but they can also reach the million-level level. This is enough to buy a house in a second-tier city, and it takes a year.

It is conceivable that this incentive plan is undoubtedly exciting news for the majority of UGC content creators.

Hou Junda's move is Chi Guoguo's overt scheme, using his own strengths to attack the other's weaknesses, sacrificing his ability to make money, and he is sure that other competitors will not be able to follow, or it will be extremely difficult to follow.

To follow or not to follow?

For other video sites, it is definitely necessary to follow, at least to some extent, but not having so much money is a practical problem, so I have no choice but to ask VC father for money, and further financing to obtain development funds.

But financing means continuing to sell equity, which is why the entrepreneurial teams of other video sites are cursing. In fact, those VCs are also quite embarrassed. The entrepreneurial teams continue to ask for money, and there are very good reasons for asking for money.

If you don't follow up, the website may decline rapidly, and if you are captured by the Yixing video website, then the previous investment is tantamount to wasting money.

But to follow up, you need to continue to spend money, and the risk will undoubtedly be further magnified.

VCs who have invested money really don't want to invest more, but they don't want the previous investment to be in vain.

and so……

There is only one safest way, which is to fool other capitals into the market to pass on and share potential risks.

……

(End of this chapter)