Hollywood Hunter

The headquarters of Paradise Online is in a building north of Zhejiang University Yuquan Campus by the West Lake. Paradise Online occupies half of the 12-story business building. Because the business is getting more and more prosperous, Paradise Online has acquired 130 plots of land in the golden area next to the Huanglong Sports Center on the west side of Zhejiang University campus, and plans to cooperate with Greentown Group in Zhejiang Province to build a comprehensive headquarters park.

The once famous Greentown is also a real estate company supported by the Westeros system in China.

In a blink of an eye, it was already June 7th.

Wednesday.

Simon visited Paradise Online with Lin Su in the afternoon.

"In terms of content strategy, we found that the information on the portal website is too simple and decentralized after all. Therefore, since last year, we have focused on a plan to cultivate a series of subdivided professional websites, involving sports, software, military, and movies. , digital, finance, education, etc. So far, we have incubated 37 projects, of which 2 have more than 10 million visits per day, 7 have more than one million visits, and the rest are more than 100,000. Overall, it was very successful. Next, our Paradise Portal will gradually lean towards navigation entrances, and introduce traffic into various subdivided content items instead of self-produced content.”

meeting room.

Simon and Lin Su sat under the stage together, waited for the voice of Paradise Online CEO Liao Chengyu to finish, and asked, "What is the equity structure of these projects?"

Liao Chengyu said: "The investment and shareholding model is basically adopted. This is because the enthusiasm of the project team is considered. Otherwise, it will be completely owned by us, which is no different from internal projects. I think it will be difficult to let go. However, for all current projects, we have Maintaining an absolute majority controlling stake of more than 50%, as well as the exclusivity of all project website content, in this regard, even if the shareholding ratio is reduced to below 50% in the future, because there is a binding agreement, it will not change in the short term.”

Simon was noncommittal, and Lin Su beside him thought that the man was dissatisfied, so he helped explain softly: "You said it yourself, we can't eat all the benefits."

"Not this," Simon shook his head: "The problem lies in exclusive content. The traffic of Paradise Online is indeed very objective, but restricting these websites to one family will definitely hinder their development." He said, looking at the two separately, Then said: "You also know that I currently hold shares in several Internet companies in China, so I can be regarded as one of them."

More than holding shares?

A sentence floated in Liao Chengyu's mind, and he argued with the big boss with a calm expression: "Mr. Westeros, the problem is that we are no longer a company after all, but a competitive relationship. You are from the United States, and you must understand that there is competition. Progress. Since it is competition, everyone must give priority to their own interests. At present, all companies are running portal businesses, and the homogeneity is serious. It is hard to say how many will survive to the end. We must maintain our own competitiveness.”

History has deviated to such an extent that it is difficult to say what is right and what is wrong. Or, whichever company succeeds in the future is right.

Success or failure is about heroes.

Simon thought to himself, nodded, said nothing, and signaled Liao Chengyu to continue.

Liao Chengyu continued to introduce some projects that Paradise Online is currently operating, and finally put down the remote control of the projector, and looked at the young tycoon sitting in the audience: "Mr. I have already submitted two reports to the board of directors and both have been rejected, may I ask why?"

This question didn't surprise Simon, and he didn't need to think about it. He gave an answer directly: "Because Paradise Online is too profitable."

Liao Chengyu was obviously surprised: "Huh?"

Simon smiled with some unknown meaning: "I have read your Chinese newspapers in the past few days, and there is a very interesting news. The tycoon surnamed Mou was sentenced to life imprisonment in the first instance a few days ago."

Liao Chengyu is a smart man, and he understood the big boss's thinking after a little thought.

I don't want Paradise Online to be too prominent.

After all, an IPO means the announcement of financial reports. With the increasingly prosperous online game business, Paradise Online, like Jiangnan Interactive Entertainment in Suzhou, will both exceed one billion in revenue this year. From the data of the past five months, Look, here it may even be close to 1.5 billion. Even if the team makes a series of investments that spread money widely, it is estimated that the net profit will not be less than 300 million.

The profiteering level of selling white powder.

In the case of IPO, the valuation of Paradise Online can reach 1.1 billion US dollars even if it is calculated based on a relatively conservative 30 times the price-earnings ratio. In fact, when it is really listed, with the popularity of the current new technology market, it is easy to break through the 100 times the price-earnings ratio. The market value of three to four billion US dollars is equivalent to 30 billion yuan.

Not to mention other things, with Liao Chengyu's personal 3% stake in Paradise Online, he will become a billionaire in minutes.

Even now in 2000, Chinese billionaires are not so common.

In short, whether it is a company or an individual, it will become the rafters.

Thinking of this, Liao Chengyu hesitated a little, but still fought for it: "Mr. Westeros, I think, so... Paradise Online needs an IPO more, I mean, an IPO overseas, isn't it?"

"This is only one aspect," Simon shook his head again, and said: "On the other hand, given the public opinion environment in China, online games have always been relatively controversial in this country. Therefore, you need to do all the businesses you just introduced , making the company look more decent. On the other hand, NASDAQ is overheated and it is difficult to hold on for too long. Now start the IPO process, once the bubble collapses when listing, it will be disastrous for this company Yes. So, I need you to wait a few more years. By then

At that time, I believe China's overall policy environment will be more open, and Paradise Online's valuation will also be more impressive. "

The big boss said so, and Liao Chengyu could only dismiss his thoughts.

After chatting about some company matters, Simon took Lin Su and left together.

When they came downstairs, Lin Su got into a Mercedes-Benz luxury car with the man, waited for the car to start, hesitated a little, and said: "I always feel, Simon, you still have some prejudice against China?"

"Um?"

"About the Paradise Online IPO," Lin Su said, and then explained: "Of course I'm not doing it for more money, but... I mean, you don't need to be so cautious, we have been constantly improving the protection of private companies of."

Simon caught a word and said with a smile: "Us?"

Lin Su reacted, felt a little nervous, and then slightly puffed up her chest: "Yes, we. I'm Chinese."

The woman tried her best to look confident, but Simon didn't deliberately pick on the fact that she had changed her nationality. Speaking of which, she and Chen Qing should both have retained their Chinese nationality. On the surface, China does not recognize dual nationality, but in fact, there are many similar cases. He just smiled, took the woman's little hand and rubbed it, and said, "Well, if you think I'm biased, I apologize to you and promise to adjust."