As a fat man who doesn't understand games, Zhao Zhujiang was refreshed today. There are many, many games, and the problem is basically monopolized by large companies, even if the R&D is not a large company, the agent is also a large company, and it is a big channel, such as Penguin, Zayi, and Perfect World.

Is Baren Entertainment a big company? It is counted in the Internet celebrity factory, but it is obviously not a big company in Zhao Zhujiang's eyes. As a result, it was such a small and self-evident little broken company, so he had to humbly ask for advice: "You are too powerful, I envy you too much, you are robbing money!"

Obviously, Baren Entertainment only relied on the launch of "Out of the Mountain in Troubled Times" at the end of the year for more than a month, and its profits would surpass him.

"You envy me, I still envy you!" Chu Yuanxi took the burden and threw it back directly: "You only made 600 million on the surface, but in fact you made 100 million users! Your invisible value is at least 100 billion, and it doesn't need to be reflected in the financial statements, you have made a lot of money!"

"How did you calculate this account? How did I not know that Chuansheng was so profitable?" Zhao Zhujiang was not angry, "Even according to the logic of your entrepreneur's 'looking for money', isn't it 20$ for a user?" He specially added an accent to "looking for money", and there is no need to say what it means.

"At first glance, you are an old-school entrepreneur, and you don't have a deep understanding of the difference between the first-level users and the second-level users in the mobile Internet economy. Chu Yuanxi began to blow to each other in business: "One hundred yuan for a user, that is the value of APP users, calculated by monthly activity, but can you do the same? Your users are device users, and they are the most valuable mobile entrances." There are so many ways to make money, it's just that you're not in a hurry to make money. ”

"Level 1 and level 2 users?" Zhao Zhujiang seemed to have a feeling when he heard it, but the problem was that he really hadn't thought about this kind of thing. In terms of attribute division, he must be a traditional businessman, with sales as his fist, focusing on the next three ways, and has a deep understanding of mobile Internet users, but he is more blind to the "mobile Internet economy", mainly because he has not been in contact with him and has not carried out related business.

"That's right. APP is called a second-level user, and your mobile phone manufacturer is a first-level user, who has the right to install the application and the right to channel. Why is the valuation of the green factory so high at 500 billion? Because he has 200 million mobile phones, and Xiaomi's market value is more than 300 billion, and he also has more than 100 million mobile phones. Your feature phone users are definitely worse than smartphones, and African users are also worse than domestic users, but you have a large number of shipments. No matter how you say it, it is also a first-level user, and it is not the same thing as an app, and it is impossible to calculate it at 100 yuan each. ”

The so-called channel right means that the smart phone has its own software channel store installed at the factory. The channel store is actually an application,In fact, it can be replaced,For example, if you buy a Xiaomi mobile phone, you can also download an application treasure,You don't need to download software from Xiaomi's scum store,The problem is that only some users do this,The rest of the people who follow the crowd become Xiaomi's channel users。

"It turns out that your entrepreneurs in the new era are settling accounts like this!" Zhao Zhujiang suddenly looked overjoyed, and felt that this was reasonable. Although their own black uncles use more feature phones, but the cultivation of Africa is obviously the future tomorrow rather than the present, the domestic smart machine today is Africa's tomorrow, when the time comes to occupy the pole position, these users are not a proper trade-in goal?

Although it is a bit more expensive to acquire these users, and it will cost a little more money to replace them in the future, but the problem that can be solved by spending money is a problem? Zhao Zhujiang feels that although he does not understand the mobile Internet economy, he still knows the concept of "user lifetime value".

After doing so, I suddenly felt that the price of the science and technology innovation version was low......

In this way, although Chu Yuanxi is not playing science and technology enterprises, he understands the mobile Internet better than those in science and technology enterprises.

"Xiao Chu, then tomorrow night, I will hold a cocktail party with a few other bigwigs who are ready to go to the science and technology innovation version, and invite some small and micro science and technology enterprises here in the free shipping area to participate. Together?"

"Okay, but I have to ask first, are you inviting these small and micro tech starters to come here to acquire them?"

"There is this intention. What's wrong?" Zhao Zhujiang suddenly became vigilant.

"I want to merge too. ”

The so-called small and micro science and technology enterprises in the Celestial Empire are not really small and micro, and billions of valuations abound. But now Ba Ren Entertainment has money, and it is far richer than when Chu Yuanxi made a business plan at the beginning of the year, which is enough to support the development of a well-off person.

On the same stable and legitimate basis, it is better to develop faster, to have a wider strafing area, and to have a more solid foundation.

The most efficient way for a company to pursue the speed of development is through mergers and acquisitions, and the most valuable case of mergers and acquisitions is the acquisition of a moat. What can be a moat? The most common ones are technology, channels, and copyrights. As for users, this is something that everyone wants to acquire but rarely gets, and even if it can be acquired, it is sky-high.

However, the mergers and acquisitions of channels and copyrights in the old three are relatively clearer, easy to evaluate and easy to preserve. But technology mergers and acquisitions are a very complex issue because they are too easy to be hollowed out.

The final landing of science and technology depends on two aspects, the first is people, and the second is papers and patents. But papers and patents also point to people. People are not right, you are also a Muggle if you give you a paper and a patent.

Not to mention the merger and acquisition of non-listed companies, even if it is a listed company, as long as it is a technology company, it is a matter of some effort to hollow it out. After the listing of this listed company, people who have experienced the IPO process have a different kind of mind, and then slowly figure it out through some means, and finally the golden cicada came out of its shell and established another company, with almost the same business and team.

After Zhejiang Haina was hollowed out, it must have been getting worse, and the newly established company actually swaggered to apply for an IPO, and the most amazing thing is that it passed the review of the Issuance Examination Committee. This also shows from the side what the Issuance Examination Committee was like ten years ago.

As a result, after the meeting, even the shareholders have paid the subscription fee in the primary market, they were angrily reported, and the matter became a big fireline and withdrew from the IPO, and it was only one step away from the door to complete this unprecedented shift.

Therefore, Chu Yuanxi must be cautious in merging technology companies, but it does not mean that the door should be closed, and it does not mean that there will be no attempts.

Zhao Zhujiang's appointment should be reliable, right? Therefore, he narrowed his eyes: "Who are they?"

This made Zhao Zhujiang Chao confused: "Your company, why do you merge and acquire technology companies?"

Chu Yuanxi patted his chest: "We are a serious technology company, developing AI!"

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