Chapter 234 Equity Exchange
"Shanda Capital? Yes, they are also on the list of potential venture capital companies."

Huang Zhengfei didn't understand why Yang Xiao suddenly asked this, thought about it, and then continued,
"And the other party showed a strong willingness to invest, saying that they are willing to take 20% in one go, and the price is negotiable. Mr. Yang, why are you asking this? You want to negotiate with them."

Yang Xiao was afraid that Huang Zhengfei would overthink it, so he interrupted him quickly:

"Nothing, just asking. Just go through the normal financing process. Also, help me make an appointment with the person in charge of Shanda Capital. I am willing to give out another 10% of my shares and exchange them for the shares of a comic book company called You Yao Qi that they have invested in. Please help me find someone to evaluate and operate it."

Equity swap? Comic book company?
Huang Zhengfei muttered a few words in his heart, then agreed.

Anyway, he has been in contact with major venture capital companies for some time. As the CEO of Qingsong Internet Technology Company, he has extraordinary confidence.

What's more, his business negotiation skills have become more and more sophisticated, and he has become a fully qualified business leader.

"Mr. Yang, how many shares do you plan to exchange for the other party?"

"Let's let a specialist evaluate it first. If possible, I hope that everything the other party has can be replaced at once."

"All of them? Okay, I get it."

Huang Zhengfei was shocked and thought to himself, Wow, Mr. Yang has a big appetite and wants everything from the other party right away.

He was still in the company working overtime with his employees, sitting next to the company's computer.

I took the opportunity to look up the information of the comic company "You Yao Qi".

It turned out that the year before last, this company had received an investment of 800 million from Shanda and obtained 80% of the controlling stake.

But there haven't been any hit works so far, it's completely lukewarm.

He couldn't help but feel sorry for Yang Xiao.

10% of Kuaiya’s shares are worth at least 2000 million!

That means that the market value of this company called YouYaoQi Animation DreamWorks is approaching 30 million.

How could this small, broken company be worth so much money now?
Using 10% of Kuaiya's shares to exchange for 80% of the shares of this animation company, although it is full controlling stake, isn't this also a losing deal?
You know, the number of Kuaiya users is still growing rapidly.

In his eyes, Yang Xiao's behavior of continuously selling shares was not very wise.

Because if it had stayed in its hands for even another year, Kuaiya's market value would have at least multiplied several times.

So, he couldn't help but mention it:
"Boss Yang, Kuaiya is growing so fast, it's not worth it for you to sell so many shares so early. And I just looked at the financial report of You Yaoqi last year, and it has been in a state of long-term losses."

"It doesn't matter. Just try your best to negotiate. It doesn't matter if you can't reach an agreement. There's no need to force it."

"Okay, it shouldn't be a big problem."

Huang Zhengfei sighed and planned to go to Shanda Capital to have a good talk.

He believed that Shanda Capital would definitely be happy to see this deal.

After all, they have been making losses and have not seen any benefits in the long term, so they probably want to get rid of this burden a long time ago.

As for why YouYaoQi’s market value has doubled, it is entirely because it has so many users.

Magazines like "Zhiyin Manke" also became very popular two years ago. In addition, the hype about the "rise of Chinese comics" in recent years has made the animation company YouYaoqi favored by the outside world.

But so far, "You Yao Qi" has not had any big IP explosion and can only be regarded as water without a source.

So no matter what, they are absolutely willing to exchange Kuaiya’s shares for their equity!

Regarding Huang Zhengfei's solemn promise.

In fact, Yang Xiao did not have much confidence in this equity swap.

Even if it is a loss-making business in the eyes of others!
Shanda probably won't let him get his wish.

If you ask why, there is only one answer.

That’s because Shanda’s Chen Tianqiao is so fucking rich!
Shanda Capital was upgraded from the investment department of Shanda Group.

It was established at the beginning of 2011.

At that time, Shanda was actually gradually transforming.

Shanda Games, which started out as a "game company" and quickly rose to prominence, making Chen Tianqiao the richest man in China in 2004, was separated from Shanda Group in 2009, became independent and began to transform into investment.

Moreover, Shanda basically only invests in angel rounds and A rounds!
This year, Shanda Capital has invested in more than a dozen projects, and now covers a wide range of fields including literature, entertainment, media, music, tourism, animation, channels, etc.

The transition to investment was actually the beginning of Chen Tianqiao's decline.

Because Shanda’s investment is really a bunch of arguments.

For example, in the video field, Shanda acquired Ku2009.com in 6. Although the traffic of this website was not as high as that of Tudou and Youku, it was also in the first tier of video websites.

It even went public in 2010, but was left behind due to problems in its development and operations.

Then he simply disappeared.

Earlier, there was a project called "Shanda Box", which was even more advanced, similar to a smart set-top box connected to a TV.

It covered games, animation, music, etc., and nearly 30 billion yuan was invested. One box sold for more than yuan. In the end, it was even stopped by the radio and television, and all the investment was wasted.

In addition, it also invested in "Anzhi Network" this year.

This "Anzhi.com" is currently one of the largest Android mobile phone software service platforms in China.

But now there is a trend of being overtaken by 360 Mobile Assistant, 91 Assistant and others.

The investment sucks!
Chen Tianqiao's investments are diverse, and it can be seen from his thinking that he has focused on ecological construction very early on. However, according to the standards of entrepreneurs, Chen Tianqiao seems to have failed.

Given Shanda’s size and industry status, it has not created any unicorns in every field.

Instead, they suffered most of the Waterloo!
However, judging by the capitalist standard - profit, Chen Tianqiao is the winner among winners.

In his many years of investment, he rarely suffered losses.

The initial investment in Shanda Literature was only 2000 million, but it was later sold to Tencent for 25 times the profit.

Zhejiang Media later spent 31.8 billion to buy Bianfeng Games, and Chen Tianqiao made 18 times the profit.

Since divesting the gaming business in 2009, Chen Tianqiao has been continuously selling off Shanda's assets. His investments now are extremely extravagant.

At this time, the two people who took over the baton were named Ma.

They are leading Tencent and Alibaba to fight for the top spot in the world.

The little horse among them actually follows his original path, but he will do much better than him and will achieve greater glory.

But no matter what, even if Shanda is on a downward slope today, it is still considered a "god going down the mountain".

Its position in the industry is still very impressive.

Their strength should not be underestimated. Even the two Ma brothers in this period of time have to temporarily avoid the limelight.

No reason, because Chen Tianqiao is too rich at this stage! This is beyond doubt and can be verified.

Because in 2012, Chen Tianqiao personally revealed that Shanda had nearly 600 billion in cash assets!
All of this was done by dismantling and selling off some of Shanda’s industries!

So much money for investment?

It's just sprinkling some water!

Therefore, people are not willing to engage in these replacement operations even if it means losing money.

Even before investing in YouYaoQi, Shanda promised that it would not make a profit within five years.

How can you play with others when you are rich and powerful?

However, it really didn't matter to Yang Xiao whether the deal was completed or not. When he had money, he could just buy a few hit IPs from YouYaoQi and have WanheTianYi produce them.

Alas, saving Chinese animation is a long and arduous journey.

Finished the phone call with Huang Zhengfei.

Yang Xiao returned to the dormitory and chatted with Zhang Jun and others about all sorts of things. They chatted until the early morning after the lights were turned off, and then they went to bed.

When class started the next day, everyone seemed to be suffering from post-holiday syndrome. They were all listless and missed the happy times during the holidays.

Yang Xiao was always distracted during class, and it took him a whole morning to adjust.

time flies.

On the third day, Huang Zhengfei called.

Brought good news and bad news.

The good news is that the other party agreed to equity swap.

But the bad news is that Yang Xiao's 10% of Kuaiya shares can only be exchanged for the other party's 30% of You Yaoqi shares!

"Boss Yang, we are late with the news this time! It turns out that in the middle of the year, Shanda invested another 30 million yuan to complete the A round of financing for YouYaoQi Original Comics DreamWorks. This news has not been disclosed, and it seems that the % mentioned by the other party is already the limit, and there is no room for negotiation."

"That's it"

After listening to this, Yang Xiao pondered for a moment, and then said again, "Just agree to it, and I'll ask my assistant to complete the subsequent replacement process."

Yang Xiao then instructed his assistant Zhao Qian on the matter and arranged for someone to carry it out.

Afterwards, Zhang Yue was contacted again to inquire about the construction status of the copyright operation department.

Yang Xiao was very satisfied to learn that the copyrights he had purchased a few days ago were already under negotiation.

By the way, they were asked to contact YouYaoQi Original Comics DreamWorks and plan to buy the copyrights of the two comics "One Hundred Thousand Bad Jokes" and "Year Hare Affair".

Then it will be handed over to Wanhe Tianyi for operation.

A few days ago, Yang Xiao had already communicated with Mr. Fan of Wanhe Tianyi and planned to set up an animation production team.

These two animations are just the testing grounds now.

It was noon when Yang Xiao received the call. After finishing his classes in the afternoon, he was playing on the computer in his dormitory and browsing the latest news.

After a while, I received another message from Li Zhuofan, along with a file acceptance request.

"Boss, our first version of the APP is out. Do you think it's OK?"

Yang Xiao received the file installation package, which was the Android version.

Fortunately, he prepared a Xiaomi mobile phone in advance.

When I opened it, I found that the interface was a bit too simple, completely minimalist!
The quotation column that caught my eye was excerpted from his "Passing By Your World"

[Your world is like a treasure, which makes me keep exploring and searching. Even if I just pass by, I will return with a full load. ]

Yang Xiao felt a little awkward.

Including the article, which was also one of the several stories he had previously sent to Li Zhuofan that had not been published online.

There is also a heart, which means you can like or comment on it.

There is currently no comment feature.

This will be updated in a later version.

"It's OK, but the color is too dark. Change the blue to a light blue to give it a fresher feel. Or just release a skin function with some green and white. Different people have different preferences."

"Okay, I'll ask the art teacher to revise it."

Li Zhuoran was a little confused, as this art teacher was found by Yang Xiao from outside.

Yang Xiao’s suggestions of “minimalism” and “freshness” were implemented thoroughly.

He kept praising Yang Xiao for his good aesthetic taste.

In order to launch the [one day] APP as soon as possible, Li Zhuofan did not go out during the National Day holiday!

I spent all my time with a few partners who started a business together.

It only took more than half a month to launch the first version.

His main responsibility is to be a supervisor, as well as to find and develop content.

If nothing goes wrong, it will be officially launched in a week at most.

It was indeed a lot faster than Yang Xiao expected.

Apart from some flaws in appearance, Yang Xiao is indeed impeccable.

After a few words of encouragement, he was asked to contact the Weibo operations specialist of Shiguang Culture Media himself.

When the time comes, just help him with the online promotion.

Li Zhuofan was a little dissatisfied in his heart. He didn't know that Yang Xiao had become a hands-off boss now, and was wondering why he seemed to have no enthusiasm at all.

But he is now looking forward to what will happen after the launch.

I hope the effort was not in vain!

In the dormitory.

At this time, Mu Xingwen returned to the dormitory patting the basketball and looked at everyone:
"Hey, there's a welcome party for our freshmen in the school auditorium this Friday. Do you want to go and see it?"

Guan Songlong shook his head: "It's boring. I don't want to go. I might as well read a novel in the dormitory."

"You may not be able to go even if you want to. You need to get some tickets for this thing. Our club has extra tickets and we can give them to you."

"Isn't that thing just given away for free?"

Mu Xingwen did not say anything in response to Guan Songlong's ridicule, because what he said was the truth.

When you go to college, most activities are usually attended by students who like to join clubs.

In the eyes of ordinary students, no activities are interesting.

It’s better to play with your mobile phone or go to an Internet cafe to have more fun.

Mu Xingwen turned to look at the other two: "Zhang Jun, Brother Xiao, where are you two?"

Zhang Jun replied: "I have to go. Someone from our club will be performing on stage this time. I have to go and see the excitement."

"I should go too."

Yang Xiao also wanted to go and see the fun.

However, the person he was watching was none other than Zhou Hongyu.

Since the latter founded a club for spiritual young people, he has devoted all his attention to it on a daily basis.

It is said that this time their club also rehearsed a dance and prepared to perform on stage, and even he signed up.

He plans to choreograph a dance to Xu Liang and Wang Sulong’s song “See You Tomorrow”, and he will be one of the lead singers!
Yang Xiao was ready to use his cell phone to record it all!
He would not easily miss this kind of dark history that he could expect to use to make him laugh in the future!
Well, Yang Xiao suddenly decided to change his mind.

I can’t use my cell phone because the pixel is too poor, so I’ll just use the camera I used to shoot the documentary last time, so that I can see it more clearly.

(End of this chapter)