readbooksol Chapter 526 - 234: Discovered by Dou Ying (Part 3)
Chapter 526 - 234: Discovered by Dou Ying (Part 3)
Just a few months ago, the data tariff standard set at the beginning of 2015 had decreased.
However, it hasn’t triggered the catfish effect yet.
The current package only offers a few gigabytes of data, which is not enough for everyone to stream videos for a month.
At this time, the King Card that Penguin and Unicom are collaborating on has not yet been issued.
But... the data-free card that Xiangnu is negotiating with Mobile is about to be released, probably in early March.
This cooperation involves 2.6 billion in funding, which will be provided by Convolution Company and will dilute Xiangnu’s shares.
In the angel round of Live Diary, Jiang Banxia invested 300 million and took 20% of the shares, while Xiangnu’s shares were diluted from 25% to 20%, and Li Yang’s from 75% to 60%.
In the A round of Live Diary, Convolution Company contributed 3.6 billion, taking away 40% of Live Diary’s shares.
Xiangnu’s shares fell from 20% to 12%, Jiang Banxia with 12%, and Li Yang with 36%.
It’s actually internal disguised financing, because of Jiang Banxia, it hasn’t gone through multiple rounds, so Xiangnu still holds a lot of shares.
Those shares bring her a net worth of over 1 billion.
Whether the market recognizes it or not is not important; what matters is that Li Yang is willing to pay for this price.
Xiangnu’s management capability isn’t outstanding, but she has a great advantage of being serious about her work and never cutting corners.
She has been channeling traffic to the Live Diary app through live streaming platforms and managing her previous team well.
Upon opening Live Diary, besides playback with commentary from various live hosts, there are all kinds of fair-skinned, lovely long-legged girls.
Li Yang specifically checked the content library, which now contains over one hundred thousand videos, while Douyin is still focused on music.
Launched in the second half of 2016, Douyin primarily centers on creative music, with not much traffic.
Li Yang initially focused on games, offering stronger user engagement.
ByteDance has traffic channeled from Toutiao, but even without an information platform, Li Yang’s flow is no less.
Recently, Li Yang asked Xiangnu to form a dedicated editing team for music-related content.
Start by listing the top ten hits of the 1980s first!
No one knows better than him how to make short videos.
Then there are some creators on Bilibili and Xigua Video, who are targets for Live Diary to poach.
He won’t give up on medium-length videos, even though short videos are more popular.
The reason being that short videos lack substance; over time, they become monotonous, akin to entering a sage moment.
Truly substantive content lies in medium-length videos.
Live Diary’s name is a bit basic; initially, it was to channel users from the live streaming platform, which is now almost unnecessary.
It is about to officially rename to: Kuai Pai.
This trademark was purchased externally from an average company, acquired for a small sum.
...
Dou Ying went to Capital City in the depths of winter.
But she didn’t call Li Yang, only spent a few days with Jiang Banxia.
By the time Li Yang found out, Dou Ying had quietly returned, taking Jiang Banxia with her.
Anyway, Wanliu Capital hasn’t been busy these days, the A-shares have oddly stabilized, market slightly dipped, occasionally rebounding a bit, but trading volume remains low.
All institutions are paying for Wanliu Capital.
To minimize their losses, they can only extend this cycle.
Moutai dropped from 1000 yuan to over 800, then got lifted back to 1000 yuan.
Just a few cycles are needed, so when Moutai falls back to 800 yuan, countless funds will rush in, even if it flatlines for a month, the bottom will always have funds supporting it.
This is the so-called ’bottom’ created by the market, the origin of ’bottom fishing.’
Actually... stocks have no real bottom, making money from bottom fishing is just lucky. If Moutai falls to 1 yuan, it’s not a bottom because if it falls to 0.1 yuan, it still loses 90%.
And even from 0.1 yuan, it’s not a bottom, because falling to 0.01 yuan still loses 90%.
Wanliu Capital is reducing its position due to numerous redemptions.
Jiang Banxia has stepped down from the fund manager position, lacking investor trust in other fund managers.
After finishing a few of what he thought were the toughest exams, Li Yang felt relaxed and called Jiang Banxia.
"Why did you suddenly go home? Are you giving up on the company?"
Jiang Banxia paused and said, "My mom found Ning’s child’s biological father."
"Huh?"
"She’s planning to confront him, and I came back with her to try to persuade her, to avoid any unpleasantness."
"Should I come back too?"
"No, no, I can handle it, it’ll be fine."
"Alright then, by the way, Green Water Heaven and Earth has been open for almost a month, help me check if there’s anything unsatisfactory and let me know."
"Sure, sure."
...
With the opening of Green Water Heaven and Earth, Li Yang didn’t go there, but he kept a close eye the whole time.
Initially, he didn’t expect to make money and actually planned to lose quite a bit.
However, compared to Extreme Shadow Cars, the loss is quite limited.
In Jiang City, after hanging up the phone, Jiang Banxia walked out of the room to find Dou Ying looking displeased.
Dou Ying initially trusted Jiang Banxia, thinking she was deceived and unaware.
Not until the hair Jiang Banxia sent was not Li Yang’s did she realize something was wrong.
Thus, she personally went to Capital City to bring Jiang Banxia back.
She plans to take Jiang Banxia to meet with Li Likun and Wang Cuiping!
To completely sever ties between both parties.
Jiang Banxia said quietly, "Mom..."
Dou Ying said with a cold face, "Don’t call me mom, I’m not your mom! I’ve given you enough time, think it over and come with me. I haven’t told your dad about this out of respect for you."
"Well... I might not have the time today, you know, I’m a shareholder of Green Water Group, and Green Water Group has a supermarket opening, so I need to go there. Perhaps you could join me? Work comes first, that business isn’t urgent for just one or two days..."