Rebirth: The Financial Giant

After the goal was achieved, Lu Ming didn't stop there, and went back to Ningzhou that day.

On the way back, Ge Feng was discussing with Lu Ming on the plane.

"Chairman, what should we do with these billions of copyrighted content in the future? Do you plan to hold it in your hands and wait for the appreciation to sell for a good price in the future, or to earn licensing fees?"

Regarding the collapse of Leshi, Ge Feng is also very clear that this is not a possible problem, but a matter of time.

He led the team to conduct more than six investigations on Leshi, and did a lot of work. He sorted out all the finances of Leshi since its establishment, and also drew a capital map.

To exaggerate a bit, Ge Feng may now know more about Leshi's financial situation than Lao Jia knows.

Therefore, it is quite clear that Leshi will not be able to get 6.5 billion in ten lifetimes, and of course the copyright resources pledged will belong to Tiansheng.

"Buy low and sell high for copyright resources, or earn licensing fees, the pattern of making such money is small." Lu Ming shook his head and smiled, and then continued after a while:

"In the aspect of Internet streaming media video business, the current domestic pattern is Youai Teng + others. Station B has a good momentum. There is no doubt that copyright resources are needed. Who do you think you should give these copyright resources to Tiansheng? Benefit?"

At present, no Internet video website is making money, and they are constantly burning money, including the "youtube" video of foreign Google.

Now it is no better to ignore copyright than five or ten years ago. Copyright expenses and content production expenses are all money-burning things. Without a rich copyright library and the latest content output, users cannot be retained.

Video websites can't afford it at all, so both domestic Youaito and foreign "youtube" can only survive by relying on Internet giants with good money, so as to avoid being beaten by competitors due to lack of content Knocked out.

Ge Feng pondered without saying a word. After a long time, he looked at Lu Ming and said, "Let Byte be provoked!"

Lu Ming nodded in agreement and said, "Yes, You Aiteng will not give any of these. It is in Tiansheng's best interest to provoke Byte, but you can't take the initiative to give it, and let Byte's people want it."

It's very simple. Tiansheng now owns 9% of the equity of ByteDance. This is the equity obtained by the exclusive investment in the D round of financing. It is a genuine major shareholder. Although it also holds the shares of Fujixun Ali, how much is that? , Tiansheng did not catch up with the growth of these two old Internet giants, but ByteDance was on the way.

Lu Ming continued: "The short video business is the trump card of Byte, and it is the first in the industry, but the streaming video business is not very good compared to Youai Teng. These copyright resources are packaged to Byte, and the company's Watermelon Video is a big deal. Giving charcoal in the snow is like a tiger with wings."

Ge Feng couldn't help but nodded again and again.

How much money can I make by packing these for Youai Teng?

Tiansheng does not have much interest in the giants behind these major video websites, nor does it have much interest in directly investing in these video websites, so it is not worth it.

However, Tiansheng is the major shareholder of ByteDance. This is an emerging Internet giant that can compete with Penguin in the future. Its Douyin short video application is also the most successful social software in China so far.

Giving copyright resources to Byte can have a huge effect on the company's moat. The upgrade of the product line and the valuation of the company given by the capital market can also rise. This is obviously more in line with Tiansheng Capital than giving you Aiteng. Benefit.

After a moment's pause, Lu Ming said in an orderly manner: "After Lao Jia blows up, the copyright resources in his hands will definitely be found by websites like You Aiteng, including Byte Provocation, it's very simple, just give Byte, The copyright resources in hand are packaged for a valuation and handed over to Byte in the form of strategic investment, and then a sum of cash...let's take 2 billion US dollars, and then take 15% of the equity."

Ge Feng nodded.

Later financing will not be involved, because international capital needs to be introduced to expand global business.

Most of the money that ByteDance took from Tiansheng Capital for the D round of financing was almost burned, and the E round of financing should also be carried out at this time.

At the time of the D round of financing, the valuation was 10 billion US dollars. If the E round of financing is carried out this year, it will definitely be re-evaluated. The development momentum of Byte is so strong that this year will definitely double the valuation of 20 billion US dollars.

It is not a big problem for Tiansheng to win the E round of financing again. Tiansheng can give what other VC institutions can provide, and Tiansheng will also give what others can’t.

After securing Byte's E-round financing, Tiansheng Capital will occupy 24% of the equity of Byte Provocation, which is almost the same. The rest of the cake will be left to others to share.

The car byte provocation on the halfway is equal to make up for the regret of not being able to go to Fuji Xun, and to make up for the regret of not being able to go to Ali.

Perfect!

Lux did not tell the story well, and for various reasons, the overturned car turned into an accident.

The step is too big, and the egg is torn apart. How big is the step?

According to the data, Leshi's ecological story includes Internet technology ecology (content ecology, video ecology, cloud ecology), large-screen ecology, mobile phone ecology, sports ecology, automobile ecology, and Internet financial ecology.

It is impossible to succeed in any of them, but Boss Jia has to go hand in hand. How many competitors must be established at the same time? How much capital will be needed to make it happen? Can you cheat?

I wanted to do everything, and I was very anxious, but as a result, nothing was done, and I ended up with chicken feathers all over the place.

It's not that it's not a good story, it's a good story, Lao Jia can't tell it anymore, Lu Ming wants to continue, but he has to tell the story in his own way.

Lu Ming's method is to implement the strategy around the words "do everything and do nothing", which is determined based on the special capital attributes of Tiansheng Capital.

In this story, Lu Ming wants to use the identity of "Bole" to invest in a whole set of related companies in the ecosystem, and he must account for more than 20% of the major shareholders.

We need traffic entry, and now we need to support ByteDance. New energy vehicles need batteries. We need to invest in Ningde Times and Ganfeng Lithium to support them.

Make many friends and few enemies.

Since Tiansheng Capital has invested in this series of companies and is still a major shareholder, it has become a bridge of communication. Many issues could not be discussed between the two parties or even become dead enemies. With Tiansheng Capital, Not the same.

When all the companies in this complex and huge ecosystem have a common major shareholder "Tiansheng Capital", whether it is acting as a middleman or cake distribution, they can sit down and have a good talk.

The most difficult thing is to cut the cake, and Tiansheng Capital will do just that.

Cut cake mix cake.

For example, in the industrial chain of the new energy vehicle ecosystem, upstream companies specialize in the battery business when they are doing batteries, and do it to the extreme, without worrying about not having customers. The downstream customers belong to new energy vehicle manufacturers, and Tiansheng Capital also invests Since it is a major shareholder of the company, as long as the products are not too bad, Tiansheng Capital will definitely purchase products from its own circle of friends.

This strategic layout of Lu Ming is actually similar to the current mature international semiconductor industry chain. The lithography machine is led by Esmore, the wafer purification is led by Shin-Etsu Chemical, and the chip foundry is led by LSMC... Everyone They are all leaders in a certain segment of their respective industrial chains, and they have eaten the cake of their respective industrial chains.

The status of Tiansheng Capital is equivalent to the North American Semiconductor Industry Association (SIA). The international semiconductor industry chain is like this. Before a new generation of chips will be produced, manufacturers in all links of the entire industry chain will go to the North American Semiconductor Industry Association for a meeting and sit together. I went down to discuss how many chips of this generation will be produced and how many wafers will be purified. Shin-Etsu Chemical took a small notebook to keep in mind the number of lithography machines needed.

Obviously, this is also a process of cutting and dividing the cake.

After cutting and dividing, each gets their own indicators and starts production.

In the same way, if Lu Ming wants to build a new energy vehicle ecosystem, he must first discuss how many vehicles to build. After confirming the approximate number, how much production capacity should upstream battery manufacturers prepare, and how much production capacity will be required for in-vehicle chips. Well, after the cake is cut and divided, each gets their own indicators and starts production.

Lu Ming's strategy is very clear. The affiliated companies in the entire ecosystem have invested in it. That is to do everything, but he will not interfere with specific operations. That is to do nothing.

Bring the big guys in and create a luxurious circle of friends to form a community of interests~www.novelmt.com~ distribute the cake well, don't interfere with their respective core businesses, stay in the upstream and do well, don't think about the middle and lower reaches , the downstream should do well in the downstream instead of thinking about monopolizing the whole industry chain in the upstream, and make their core business bigger and more refined to the extreme.

As a result, an interest group of "Tiansheng" has been formed. With the transformation and upgrading of technology, the concentration of head effects is an inevitable trend. What Lu Ming has to do is to bring the leaders of various sub-sectors to friends of Tiansheng. In the circle, the worst has to be the status of the second in the industry.

Blast the third, fourth, and last eighteen in the industry out the door, give them a little money to live on, and don’t die, that is, about 20% of the market share, and the leader that occupies 80% of the industry In the circle of friends of Tiansheng Department.

To keep them alive is to circumvent antitrust.

It is quite difficult to realize this grand strategic vision. It has to be spliced ​​together like a jigsaw puzzle to form a complete ecosystem and form a perfect closed loop. They are all leading brothers and masters with temperament. It's an easy thing, but Tiansheng Capital is their common major shareholder, and Tiansheng can tell the story and stitch together this grand blueprint.

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