Chapter 194 Ba Ren Group Listing Consolidation (I)

People with risk-taking genes may still choose to start a business, but ordinary people certainly don't think so. This is also the reason why Chu Yuanxi has not implemented DKP or incubated entrepreneurship in the well-off, if he forcibly pushes it, it is very likely to become a pit person, which is equivalent to the aborigines of the imperial capital who sold their houses and went abroad thirty years ago, and they were really dumbfounded when they came back.

Therefore, Chu Yuanxi also expressed full understanding of Feng Qin's choice, which was also the reason why he sighed, and when he brought it up, he had a hunch that Feng Qin would not be willing.

Then, after some consideration, he arranged for a special person within Xiaokang to connect with Feng Qin's resources. If Feng Qin is willing to start a business, it is the easiest, and his resources can be "brought into the group" and become part of the entrepreneurial plate, so that the benefits can be clearly distributed.

But how can Feng Qin's contribution be measured now? However, things always have to be done, and they have to be done quickly, because this is the market behavior and changes that Chu Yuanxi has not noticed, but the so-called autumn wind has not moved the cicada, and even Feng Qin has resources, so it is conceivable that there should be many people in the market who are interested in sharing the arcade.

And the well-off must start from scratch, although they can rely on the strength of the Ba people, they still lag behind many people.

Fortunately, there are no giant players in this field at all, and Xiaokang is a giant. As soon as I told Xue Jianhua about this, I wanted to discuss what plan, but Xue Jianhua laughed with a "plop", saying that we don't need to use our brains about this! How do other giants enter the field to slaughter small and medium-sized players on the track, let's just do it, how simple is it?

Chu Yuanxi, who said this, felt sad again, and had a feeling that the dragon slaying boy had finally grown up. But it's really the easiest way to do it.

The reason why I am sad is because I just want to save my worries, and I want to crush a group of innocent track players, no matter how I think about it, I don't feel authentic, do I finally want to become the person I once hated?

Probably, that's life, right?

Then he instructed again in the work group of the Ba people, the invitation sent by Feng Qin before must be invalid, and this project Xiaokang did it himself. But the spirit of entrepreneurship never stops, Feng Qin's idea is highly commendable, Tang Lei's cooperation is also reasonable, these efforts are the embodiment of the spontaneous entrepreneurship of employees. If any of your classmates are interested,

The business of Xiaokang and Ba people is now very large, and there are many entrepreneurial opportunities that can be derived from it, and I hope that the students will have the courage to consider it. Like Du Li and Yu Qing, they were all ordinary employees of the Ba people before, but after starting a business for a year, they did a good job, and the final result was not satisfactory, and they got good results, the only regret is that they had to leave the big family of the Ba people because of the merger and acquisition terms.

Even so, from a personal point of view, this is a very reasonable outcome. And this result is not important, the important thing is that the two old colleagues jumped out of the primary workplace, gloriously embarked on the road of entrepreneurship, and the footprints are solid, walking quite steadily, I am personally very optimistic about their future development.

As soon as this long article was published, there was finally a little noise in the employee group. In fact, the situation of the Pakistani people also has the problem that entrepreneurship is not as good as part-time work, so the respondents will talk about it. If a company with little future gives its employees the same incubation options as Pakistan, even if the parent company is not strong and the incubation capacity is limited, I am afraid that the proportion of people who choose to give it a try will be very large.

Therefore, all Chu Yuanxi needed was to activate the enthusiasm of his brothers. From this point of view, last year's blind idea did have a feeling that the gains outweighed the losses, and at that time it stimulated two grand prize winners to start their own businesses, but the demonstration effect could not be done, and now they have to work hard.

It's just that almost all of the rainbow farts in the group praise Mr. Chu's strong entrepreneurial spirit, otherwise it would not have been possible to achieve such brilliant success in two consecutive ventures, but the sentence "determination and perseverance is beyond the reach of my generation" deeply betrays the essence of their instigation.

And the limited number of people who know about it have not been exposed in the group, if it weren't for the efforts of the Ba Ren group, it is estimated that Du Li and Yu Qing would not have earned a penny. Because in the end, Ali did not have the intention of entering the shared power bank, and Huangtuan actually acquired it without acquiring it. But someone used Ali to scare people, and finally the deal was struck.

Although Huang Tuan regarded the shared power bank as an artifact to boost the company's data and carried out a stall-type attack on the track players, Ali did not act rashly. The main reason is that there are too many MT in front of Ali, and all of them are very capable of being demons, giving people a feeling that even if Ali has three heads and six arms, he doesn't necessarily know which one to hit first.

If you want to fight, Pinduoduo casually got 600 million users, and after two years of Ali's ten-year road, should it be played? Big dog dong since Dongge redefined the brother's financial report is getting better and better anyway, in the special situation at the beginning of 2020, relying on the super service of its own logistics not only got new users, but also woke up a large number of old users, the revenue in the first quarter of 2020 is higher than Ali, should it be played?

Anyway, Chu Yuanxi has been shouting on different occasions, although he also knows that Big Goudong's revenue is inflated because of the large share of major appliances, and Ali and Pinduoduo are mainly commissions and platform advertising fees, which are very affordable. But, in short, Ali is right to hit others!

During this time, he was not idle, because the audit company had a very long preparation time, and had already received the audit business before the IPO, so the data came out very quickly, and the report had been taken out in late January.

In this way, the submission of the IPO application enters the provisional state, and before it can be submitted, there are two things that must be done. The first is to invest in another strategic investment for the well-off for ticket compensation, which must be done before submitting the application, otherwise it is easy to get into trouble. The second is the establishment of a board of directors.

Therefore, in an extremely busy state, the Pakistani people took the time to start the establishment of the board of directors, first held a general meeting of shareholders in accordance with the procedures of the company law and the securities law, and then created the board of directors. Among them, Liang Kenian's final independent director candidate is Professor Zhang, who focuses on social sciences in Modu, and is indeed quite famous in society. However, everyone knows that the composition of this board of directors is still Chu Yuanxi's word, and almost no one will object to his opinion.

Among them, Zhao Jie is the most unlikely to object, because Yu Wenhui is actually qualified to be a director. Yu Wenhui is the project manager of the game project team of "Out of the Mountains" and has also made great contributions to the game.

However, even this kind of corporate governance is actually in the past, especially for my big A shares, even Chu Yuanxi and Zhu Wei cannot be judged to act in concert.

When it comes to the governance of listed companies, in fact, there are also very unique samples, for example, I am a well-known company that was listed in 2020, and the chairman and vice chairman were not judged to act in concert because they did not have any marriage, but only because of their children, so they were not judged to be acting in concert and passed the meeting smoothly.

As the first decision after the establishment of the board of directors, Chu Yuanxi used it to make a strategic investment in Xiaokang. This 4 billion scale war vote is specially designed for vote compensation, so there is no need to care about the valuation or anything, and it is still driven according to the 70 billion valuation given at the annual meeting.

At the same time, this meeting was also the first time that Professor Zhang had met with other people, and after exchanging admiration for a long time, the big professor first questioned, why did he raise so much money? The purpose of the financing was actually to subsidize the working capital of the well-off, which was incomprehensible as a strategic investment, and at the same time, it also aroused suspicion about the invested enterprise of the well-off, an important Ba people. At least, it does not match the reputation of a well-off life in society.

And it seems that as far as he knows, the old shareholders of Xiaokang, that is, the shareholders who invested in the shares before this strategic financing, were only informed of the overview of the strategic financing, and neither obtained the comprehensive and detailed financing documents, nor did they obtain the right to participate. Therefore, is the withdrawal of the Baren Group completely legal and compliant?

Chu Yuan Xixin said that since the board of directors has been established, and even the IPO has to be declared, everything must comply with the process and the law, of which letter approval is the most important part of the stock market. The key is that there is not much time left, and the matter of Xiaokang to make up for the ticket is basically known to everyone in Sima Zhao's heart, but he doesn't know how much to make it up.

Therefore, he said frankly: "Since the Ba people are the single largest external shareholder of the well-off life, the Ba people have the right to know the specific business plan of the well-off. And I myself am the actual controller of a well-off life, so I guarantee the authenticity and validity of the statement, but please do not spread it for the time being.

Xiaokang Life's current cash flow remains healthy, thanks to the expansion of Health Coin while maintaining a low expense ratio, cash flow is in a state of inflow most of the time. Therefore, it is necessary to replenish four billion liquidity, just for one thing - to acquire customers, and to burn money in order to do growth.

The specific means is the movie "I Obey" that will be released during the Spring Festival, which is produced by Baren Group and distributed by Xiaokang Life, and the two sides work together. Among them, the ticket subsidy method issued is 100% ticket compensation, but users are required to download the well-off life APP, and the voucher obtained by the ticket subsidy can only be consumed in the well-off APP. I estimate that the scale of this ticket supplement is between 2 billion and 4 billion, and the number of customers will be between 50 million and 100 million according to an average of 40 yuan per movie ticket.

At present, the main work of Xiaokang Life is to grow with Internet thinking, and the number and activity of users are the vitality of Xiaokang's social networking, cloud blockchain and some other businesses. To this end, we, I mean the Moderately Prosperous Life Headquarters, have made various plans, plans, and technology developments to promote new additions, as well as to preserve and retain. The specific plan is very detailed, but it is not appropriate to disclose it to the board of directors of the Pakistani people.

As for the issue of compliance, Xiaokang's historical financing did not give any shareholders rights such as preferential rights, and Baren Group, as the single largest shareholder, made strategic capital contributions in accordance with the agreement is reasonable and legal. At the same time, the purpose of this financing is also strongly connected with the business of the Baren Group, which is to distribute the films of the Baren Group, so under the circumstance that it can be disclosed to the outside world or not, I would like to choose not to disclose it on behalf of Xiaokang Life for the sake of maintaining trade secrets. ”

Yuan Jing sat in his seat, keeping his square face unshaken, but his heart was shaking. In fact, he hasn't communicated face-to-face with Chu Yuanxi for a long time, and he can't see any changes through WeChat, Chu Yuanxi is still the kind of performance that often makes amazing words, and it can be said that it is funny and redundant and serious.

But when I saw it today, his bearing was as good as that, and the grand plan, the clear goal, the meticulous structure, and the cruelty of the means and the tragic blow to the Spring Festival movie were not at all like Chu Yuanxi in his memory!

No wonder he wants to make a war investment first, and then apply for an IPO, if he applies for war investment first, the relevant departments must not be blinded?

Yuan Jing knew that Chu Yuanxi would be a moth, but Professor Zhang was not mentally prepared for Yuan Jing, so he was immediately stunned, and said in his heart that God had taken the test out of the purpose of safeguarding trade secrets! Nima turned out to be rumored on the road that the Ba people wanted to invite the common people to go to the theater to watch movies for free, which was very true! I thought it was a joke, but it turned out to be a well-off treat!

Soon, a victorious meeting ended, Chu Yuanxi had already done all the formalities for financing before convening the meeting, anyway, the left hand was right handed, everything was very fast, so in one go, the money was not sent even after the draft, and directly applied for IPO, so that many small and medium-sized shareholders of Xiaokang actually applied for IPO through the Baren Group and publicly disclosed the information Cao learned what kind of strategic financing Xiaokang was doing, and they shouted Dad......

During this time, Chu Yuanxi was equivalent to adding an extra shift to himself, and inserted the project matter of sharing the arcade machine into the OKR sequence. Although this is better than sharing a power bank, it is also very troublesome to find an OEM from scratch. Fortunately, whether it is a Ba person or a well-off, they have already entered the physical enterprise, sharing scooters, some categories in quality life, and some other models are all foundry, so the OEM is not inexperienced, and the speed of getting started is not slow.

Unlike power banks, which are in a semi-saturated state, the field of shared arcades has not even formed the concept of a track, and there are no unicorns running in elegant postures. That's why a lot of ant-level or million-level players are able to enter the market - the price butcher hasn't come yet!

Therefore, the market pricing is quite reasonable, so that they can also make a profit with a capital scale of less than one million yuan, and can quickly return to their capital, and if the cash flow is relatively good, even if they expand through traditional loans, it is profitable.

The so-called unicorn with elegant posture is also a unicorn, with particularly sharp horns, and when you see a competitor, you will kill one until you run to the front. Since there are no other unicorns, I'll be the one!

However, if this field can develop into a track, you can know that there are at least two rounds of price wars compared to the shared charging treasure, and it is also a ground war, not only to have a very good price, but also to have a very strong ground promotion ability, and the high-quality points can be clicked down to become the winner.

From another point of view, the same conclusion can actually be drawn, that is, there are many brands in this field at present, such as Wukong, Superman, Maizi, Zhang Yu, Magic Rock, Fun Play, etc., etc., etc., too many to mention. This is the primary characteristic of the emerging field, the market has not yet been trampled by the big players, and is in a state of savage growth, waiting for the harvest of the giant scythe.

Of course, the industry ecology in this time period is also the most interesting, which fully shows that the sharing economy is not bad, but a problem of cost and price. In industries with high costs and low unit prices, players with insufficient funds cannot persist to the end because they cannot recover their costs as soon as possible. And now happens to be a period of low cost and high unit price, which makes the whole ecology appear very dynamic.

It is after many rounds of fighting that the shared bicycle finally increased the unit price to 1.5 yuan after the spiral evolution, and then returned to a dynamic state.

Chu Yuanxi simply calculated the account, a shared arcade machine costs almost 1,000 yuan if all the costs are calculated, if the price is reduced from the current 2 yuan to 5 jiao, deducting electricity bills and point fees, etc., basically no one can make money. Take 10,000 steps back, even if the gross profit can be maintained at a positive number after dropping to 5 corners, the payment cycle will become infinite according to the marginal increasing effect, and the labor cost is floating, and the net profit is the devil.

"Well, then it's set at 8 cents!" Chu Yuanxi immediately made a decision, and then handed over the plan to Xue Jianhua to implement. Xiaokang is already an enterprise with a huge ground team, and the average labor cost can be pushed down very low by relying on scale, which alone can actually squeeze a large number of million-level players. With a four-fold discount on the price, the competitiveness must be very high, and the profit and loss can be maintained on the cost line, which is a very ideal state for players who play money-burning.

At the same time, the news of Pakistan's application for a GEM IPO in a few days has basically spread widely on the road, and many people have begun to predict IPO pricing.

You must know that even after the opening of the science and technology innovation version, the valuation of the GEM is still relatively watery, and the Baren Group has indeed become more and more like a technology company after a series of business adjustments.

If the growth process of the Ba people is more traditional, there must be more institutions to make predictions, but the Ba people are not only traditional, they have only done one financing, and they have also liquidated two of the three investors, so there is only one brother of Zheng De Fund who is directly interested now. But even so, there are still a large number of investment institutions that have made rigorous or nonsense reports, forming a beautiful scenery at the end of January.

Among them, it is easier to sort out the foreign investment of the Pakistani Group, which does not include liquid assets such as buying stocks in the open market. Of course, this is easy to compare with whom, and the investment of the Pakistani people should also be classified.

The first is the hatchery. In the past two years, the Ba people have gradually incubated the peak visual effects, the Mediterranean game and the Gobi network are also becoming more and more prosperous, and Banana, under the leadership of Cao Shan, has also entered the incubation state.

Among them, Banana is relatively asset-heavy, and it is easy to calculate the valuation, and the peak visual effect has a small investment intention because of the small breaking station, so the valuation is guaranteed. However, the Mediterranean and Gobi networks are more difficult to calculate, because there are no such games in China, which is simply rubbing the concept of the country's game peers on the floor.