Chapter 227: Cents
The next day, Xu Lang came to Hongmeng Xiangjiang headquarters.
Conducted a meeting for the presidents of five subsidiaries.
With so much money raised, everyone wants to share some of the profits.
Because everyone is far apart, this meeting is an online video conference.
Of course, Xie Wen and Qu Guangyun sat next to him because of the convenient location.
After scanning everyone, Xu Liang smiled and said: "Everyone is attending this meeting to share money, so let's keep the story short.
Fuyong, let's start with you, what are you going to do? Spend this money?"
Hideo Fukunaga said quickly.
“According to the development plan that the president and I discussed before, this money has three main uses.
First, continue to expand the scale of the Japanese data center.
Second, strive to acquire more than 30% of the equity of Aihui Music to expand the copyright library of Hongmeng Music’s Japanese subsidiary.
Third, continue to develop fighting games such as "The King of Fighters", "Hungry Wolf", and "Samurai Shodown". ”
Xu Liang nodded and followed the distribution principles previously set by Hongmeng Company.
Half of the money raised this time will be allocated by the head office.
The remaining half will be distributed according to the net profit contribution of each subsidiary.
The Japanese subsidiary contributed 40% of Hongmeng International’s total profits, so they are entitled to 40% of the US$280 million, which is US$112 million, equivalent to nearly 1 billion Chinese dollars and 18.5 billion yen. .
For the Japanese subsidiary, this is a huge sum of money.
More importantly, Hongmeng Japan still has its own profits.
Added to more abundant funds.
It is almost enough to get about 30% of the equity of Aihui Music.
After all, in this era, the world's five major music giants have been impacted by online music, their revenue has continued to decline, and their market value has also continued to decline. It is currently worth about four to five billion US dollars.
If two years pass, the value will be reduced by half.
Although Aihui Music is a top Japanese music company, it is still two levels behind Universal Music, Sony Music, PolyGram, and Warner Music.
The current market value is around US$500 million.
With Hongmeng Japan’s cash, it is not difficult to acquire it.
The hard part is that people don’t sell it.
But let’s try it first.
Not to mention games, which are the foundation of Hongmeng’s pan-entertainment business. “The King of Fighters” and “Samurai Shodown” have a wide audience and must be developed well.
“The general distribution strategy is still OK.
Data centers are the foundation of our Internet companies and the direction in which we should invest most.
Not only in Japan, but also in all subsidiaries, the total amount of data center equipment is 20% more than what we actually need. I would rather that we waste it temporarily, and it must not affect the user experience, let alone occur. Stuttering, disconnection and black screen. "Xu Liang explained emphatically.
For Hongmeng now, temporary technological backwardness is not terrible.
The terrible thing is that the user experience is not good.
Sometimes If it is only two or three seconds slow when opening, users will become impatient and choose another search engine.
Therefore, user experience is also the highest standard that he repeatedly mentioned to Hongmeng senior executives.
“Understood.”
Everyone responded one after another.
"Except Hongmeng Japan, the South Korean subsidiary has the most money this time. Mingzhen, how do you plan to spend this money?" Xu Liang asked.
Sun Mingzhen has obviously already prepared the draft.
"In addition to the basic data center, I want to continue to increase my stake in YG, JYP and S@M, and continue to consolidate our dominance in the South Korean music market.
At the same time, try the film and television business to provide Hongmeng Pan Entertainment
Finally, we will continue to expand the novel and comic business, improve the industry periphery, and improve the pan-entertainment industry chain.”
With this financing, Hongmeng South Korea has contributed to Hongmeng International’s net profit. 30% of the profit can be divided into 84 million U.S. dollars. Coupled with South Korea's monthly revenue of more than 70 million Chinese dollars, it is not difficult to achieve Sun Mingzhen's goal.
The key is that as the revenue of "Legend of Hot Blood" has skyrocketed, the copyright share received by Hongmeng South Korea has also skyrocketed.
Coupled with the rapidly growing PPC business and the upcoming Bing Advertising Network.
Before the end of the year, Hongmeng South Korea’s monthly revenue will exceed 100 million.
Xu Liang nodded and said nothing more.
He often talks to Sun Mingzhen on the phone, and they communicate frequently about the development direction of Hongmeng South Korea. Therefore, Sun Mingzhen's words also met his requirements.
“Laoqu, where are you at Xiangjiang Company?”
Qu Guangyun said with a smile: "We can't compare with the two brother companies of Japan and South Korea. The money we will receive this time will be used in addition to continuing to purchase servers and expand the data center.
30% will be used to expand the Philippine market. Internet cafe business.
The remaining 20% of the funds plus its own profits will continue to purchase online copyrights of songs to enrich the copyright library of Hongmeng Music.
In addition, there is one thing I want to ask Xu. General approval?”
“You said.”
“Now the business of Bing News and Naver’s editorial team overlaps, and there is a lot of waste, so I plan to integrate the Bing News editorial team with Naver’s editorial team.
Save costs and improve efficiency. ”
Xu Liang agreed after thinking about it briefly.
"I agree to this matter, and South Korea Company, Zhongnan Company and Nanyang Company will also implement it."
After everyone agreed, Xu Liang looked at Qu Guangyun. "Laoqu, there's something I want you to ask."
“Your order.”
“You can find an opportunity to go to Jiahe and ask if the online copyrights of all the movies in their copyright library can be sold? How much will it cost if sold?”< br>
Jiahe Movie is a symbol of Chinese movies. Although it seems not very valuable now, when the mobile era comes, its value will increase more than ten times.
Hoard as soon as possible while the value is relatively low and not taken seriously.
Qu Guangyun agreed.
"Old Li, it's your turn."
Li Haizhen smiled and nodded.
He has reason to be happy, this time Hongmeng International raised funds.
Sun Mingzhen, Fukunaga Hideo and other subsidiary leaders only have 0.5% equity. In addition to this 0.5%, he also has 1.36% equity.
The sum of the two is 1.86%.
Based on Hongmeng International’s valuation of US$3.36 billion after the financing, his equity is worth US$62.49 million.
The value has increased more than 20 times compared to the original Naver.
It can be predicted that with the rapid development of Hongmeng, the value of its equity will be even higher.
In addition to the equity of Hongmeng International, he also has 0.2% options of Hongmeng China.
Looking at how Hongmeng Huaxia is making money every day, we know how valuable these options are. How could he not be excited?
After noticing everyone’s looks, Li Haizhen quickly calmed down.
“Our Zhongnan Company does not have much funds to allocate. In addition to investing part in the data center, the remaining 60% of the funds are planned to be invested in the Internet cafe field. We will first strengthen the basic base and then use the money earned from the Internet cafe. Zhongnan Company contributed very little net profit, so it could only receive 5% of the financing, which is US$14 million.
It sounds like a lot, but in the face of the huge population of 300 million in Indochina, it is only a drop in the bucket.
Xu Liang didn't say much.
"Old Wang, what about you?"
Wang Tao smiled bitterly: "My choice is the same as Mr. Li.
In the Internet market in Southeast Asia, in addition to Internet cafes and games, you can make money If we don't make money, we will even lose money. If we want to develop, we must first strengthen our base. Only with sufficient funds can we expand our business.
And after the Internet cafe grows, It is of great help to portal websites, pan-entertainment and Internet search businesses.
They can be considered complementary to each other. "
Xu Liang nodded and said: "The limitations of the Southeast Asian market are indeed very large. Your development strategy can be considered adapted to local conditions. I will not interfere.
However, all subsidiaries are equal to me, and I can’t see you being too far behind other brother companies.
So, in the name of the head office, I will give each of you another 20 million US dollars in development funds. "
The two were instantly overjoyed. With 20 million US dollars, including their own 14 million US dollars, they could add 300 large-scale Internet cafes with 200 machines in their respective jurisdictions.
Coupled with the existing Internet cafes, it can basically cover all large and medium-sized cities in Southeast Asia.
"Mr. Xu, we also have a Philippine market." Qu Guangyun quickly reminded.
"Don't worry, I left you 10 million US dollars."
"Thank you, Mr. Xu."
Although Fukunaga Hideo and Sun Mingzhen are a little envious, their respective companies The profits were huge, and they knew that they would not have a share in it, so they didn't say anything.
"Don't just be happy. I've given you the money. At the end of this year, I will hire the most professional auditing agency to audit you. I want to see the results of every penny spent.
If the development is not as good as As expected, when I deduct your wages and stock options, don’t feel that you are wronged.”
Everyone was shocked by Xu Liang’s words, and they quickly agreed.
"Okay, today's meeting will end here and be dismissed. ...Old Xie, please stay for a while."
Xie Wen, who was about to stand up and leave, sat down again.
"The company's Fuxi advertising system has been successfully developed, and the next step is to develop advertising alliance business.
So I would like to invite us to cooperate in first- and second-tier cities across the country such as Beijing, Shanghai, Pengcheng, Yangcheng, and Hangzhou We will organize multiple 'introduction meetings' for advertisers and companies to promote our advertising alliance business to major companies.
Leave this matter to you
The promotion will be done by Yu. Host Jun, you are only responsible for the behind-the-scenes management.”
Xie Wen nodded, “No problem.”
"This business is very important to us, and you must pay attention to it." Xu Liang explained.
Advertising alliance business and bidding ranking are two pillars of Internet search revenue, and one is indispensable.
"Understood, I will plan carefully with Yu Jun."
Xu Liang nodded, "Is there a reply from AOL?"
"It turned out that there was still some love. I ignored them, but after we successfully raised funds, our attitude became much more positive.”
"Leave the contact with AOL to me, and your main focus will be on the advertising alliance." Xu Liang said.
Xie Wen nodded and said: "What about Europe?"
"Let Xia Wei be responsible. He has been there for half a year and knows the rules there better than us." Xu good way.
The two discussed and set the tone for Hongmeng’s development in the next six months.
After Hongmeng International’s financing came to an end, Xu Liang’s main focus was on Hongyan Fund.
(End of this chapter)