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Chapter 845: Chapter 353 Gu: Can’t You Guys Get Things Done?
To finalize the investment proposal or share-swapping plan, there must be a clear consensus on the valuation of both companies.
Actually, Su Huai and Gu Jiuyue didn’t really care and were planning to discuss it privately, but Gu Tongshu refused to let it go and had to intervene.
Under his direction, Han Fanglin, the president of Tianyi Investment Holding Group, brought a team to start a formal negotiation with Su Huai.
Hmm, the idea is good.
A group of elites had just sat in the conference room eagerly, and then the biggest boss, Gu Jiuyue, took her small bag and sat next to Su Huai, handing him the coffee she brought.
Everyone was dumbfounded.
Your Majesty, we were just about to fight to the death, you…
Gu noticed the sudden silence in the conference room, turned to look at them, and casually said: “Don’t be reserved. If you want to drink something, just ask them yourself.”
Alright, alright, as if you were at home, right?
Han Fanglin stayed silent, restraining the urge to slap his forehead– I shouldn’t have agreed to hold this meeting at Xingyu!
But alas, what choice did he have at this point?
Do your best and leave it to fate…
Then the group of elites from afar, filled with a mix of indignation, helplessness, and distraction, muddled through an assessment agreement meeting.
The first issue was determining the value of Byte’s 4.18% shares.
After 2017, Byte’s valuation compared to last year’s financing didn’t change much.
Douyin was growing steadily, but it hadn’t reached an explosion point.
It wouldn’t be until around October this year that it would enter its first high-growth phase, followed by the Spring Festival traffic battle, Rap for Youth, the short video blockade and user migration, and other key events, finally reaching 150 million daily active users.
In 2018, Douyin’s valuation compared to today was more than ten times higher.
Or to put it another way, from 2018 onwards, Douyin’s valuation changed every day, affecting Byte’s valuation.
But for now… just so-so.
So, based on last year’s valuation plus a little more, a total valuation of 25 billion US Dollars, 4.18% of the shares would be worth 1.045 billion US Dollars.
Both parties were about to confirm when Gu Jiuyue suddenly waved her hand: “What’s up with the small change? Isn’t it troublesome to write it down?”
Han Fanglin almost burst into tears.
Ancestor, 45 million US Dollars is not small change, it’s nearly 300 million RMB!
But when the young lady and the real boss give an order, how can you not listen?
Han Fanglin painfully gestured: “Write it as exactly 1 billion…”
Upon hearing this, Gu Jiuyue smiled with satisfaction, slightly squinting and raising her face to Su Huai.
Quick, compliment me, compliment me!
Su Huai quietly nudged her leg under the table and gave her a thumbs-up: Well done! You’re awesome!
Next, the second step was assessing the value of Xingyu.
This was quite a tricky business, as many things were tangled and hard to tease apart.
For instance, how to calculate the 1 billion RMB Xingyu invested in the Panda?
Was it that Tianyi held Xingyu’s 1 billion convertible bonds, or did Tianyi invest in Panda through Xingyu?
The two scenarios were entirely different in assessment results.
So the negotiators from both sides argued for two days, eventually establishing a basic principle– when discussing development, to consider the significance of the Panda Platform to Xingyu, but when discussing liabilities, to disregard that 1 billion along with Panda.
It’s quite funny and childish, yet realistic.
Of course, the dispute over this didn’t affect the valuation in other areas.
Finally, it was roughly evaluated from three perspectives to judge the value of Xingyu.
1. Influence.
Currently, Xingyu already owns two S+ tier influencers, namely Yuji and Zhang Dayi.
Four S-tier top influencers, namely Li Ziqi, Li Jiaqi, Quanquan, and Liu Zigui.
The data analysis shows that the four S-tier influencers have a powerful momentum and are sure to advance to S+, what they lack now is only time.
Then both sides had another heated argument about this, nearly fighting to death.
Before starting the argument, Han Fanglin, eager for action, ordered all his colleagues: “This time, whatever happens, we must not give in. If the young lady suggests anything again, I will handle it, you all just act like you didn’t hear it! Do you understand?”
“Understood!” Everyone shouted collectively.
“What is our goal, everyone still remembers, right?!”
“To uphold the last bit of dignity!”
“Good!”
Han Fanglin, satisfied, waved his hand and led everyone to the battlefield.
Then… Gu Jiuyue didn’t mess up that much, but Shi Zeyu single-handedly knocked them all down…
This is how it went–
Han Fanglin slammed the table in anger: “On what basis is Li Ziqi considered S+?!”
Shi Zeyu calmly, while projecting on the screen, explained various data.
“Li Ziqi’s domestic fan count isn’t at a large scale, the number of active users after dehydration on various platforms is as follows… Notice this? Her fan loyalty is very strong, the video completion rate is extremely high, and the rewatch rate is unique in the long video domain.
Based on these data, we can clearly analyze a conclusion:
Her fans view her videos as a form of companionship.
In the entertainment industry, some good dramas are evaluated as ‘meal dramas,’ meaning that every time it’s mealtime, they play an episode. They might not always watch attentively, but without her, life seems to miss something.
This level of fan loyalty means that Li Ziqi doesn’t need a huge fan base to create a significant impact.
Furthermore, let’s take a look at her video views and evaluation on major overseas video platforms…
Han Fanglin was utterly defeated.
In fact, one girl in the team subconsciously nodded along: “Ziqi is indeed very popular overseas.”
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