It is a very unexpected gain to catch Lao Fan's line, because Lao Fan is different from the previous presidents of Dawen Entertainment, and he agrees to make big money purchases.

If you want to say that Ali has no money or is unwilling to spend money, no one believes it, in fact, since the establishment of Dawen Entertainment, there has hardly been a year when it burns less than 10 billion, because Jackma believes that if Ali does not do entertainment, Ali will always be trapped in a corner of the beast e-commerce, and only by expanding the entertainment element can he extend his tentacles to the larger business world. Therefore, the group can be said to be extremely supportive.

The problem is that except for the time when Lao Liu was in power at the beginning, there is hardly a year when he does not burn money in the opposite direction of the market law, and then use strong organizational skills and abundant personnel to achieve a breakthrough in the opposite direction, and the result is that the more sudden and sudden defeat, the faster the defeat.

After that, as long as the results of Ali Entertainment are put out, it will be obvious to all-

In 2015, when it acquired Youtu, Youtu was the industry hegemon, and now it has almost fallen out of the first echelon.

rejected "The Best of Us" and "Ghost Blowing the Lamp", these two dramas made iQiyi and Penguin Video respectively.

did not approve of the large purchase of online dramas, but iQiyi recognized it, and then relied on 5 million episodes of "Tomb Robbery Notes" to open a new era of online dramas.

Bringing 8 million daily live shrimp and 10 million daily live shrimp to less than 500,000, users gave it to Penguin Music and Za Yiyun.

None of the above is the most important miss, the most important thing is to miss the acquisition of Kuaishou and refuse to develop short video apps. Youtu's internal crazy team actually invested in short video development earlier than Kuaishou, but it ended up in nothing, and I feel worthless for this team when I think about it.

The most recent major disorientation was "Hip Hop in the Celestial Empire". You must know that Lao Yang, the current president of Youtu, has a great relationship with Haiquan, and in 2016, Haiquan won the adaptation rights of the cosmic hip-hop program "**TM", but Lao Yang made a perfect miss. iQIYI didn't expect this kind of good thing to be its turn, and immediately organized a team to make "Hip Hop in the Heavenly Empire" to become the hit variety show of the year.

Faced with this situation, Lao Yang once explained: We should not follow the trend, and we should not be frustrated to miss a few hits, because hits are just gambling, and we should pay more attention to the stable production of high-quality content. This is true, the problem is that others don't wait for you to cultivate your internal skills, and directly increase the cost of the industry, making Dawen Entertainment lose money.

This is the report card handed over by Dawen Entertainment after changing ten executives and changing its route three times in five years.

It can be said that what Ali Entertainment lacks is an understanding of the entire entertainment industry, either it is simply unprofessional, or it looks professional but can't keep up with market changes, and it has to stick to its past successful experience, but the future of past success may not be successful. Therefore, Chu Yuanxi will never dare to give Lao Fan any promises, your plan will not be implemented, with the business style of Lao Yang, the current president of Youtu, who changes day by day, God knows what it will delay me into, this thief ship must not be easy to get on.

Soon, Yuan Yu found Chu Yuanxi with a strange face, and invited him to go out for a walk very rarely.

Chu Yuanxi walked on the campus of Zhejiang University, and said in his heart that it was worthy of being a university next to the West Lake, the scenery was not ordinarily good, and the beauties on the campus were like clouds. I thought that if I had applied for Zhejiang University, I would have been able to pass the exam, why didn't I apply? What a pity!

"Hey, don't look at the beauty. Yuan Yu looked at Chu Yuanxi's eyebrows, and asked angrily: "You, rejected Lao Fan?"

"yes. ”

"It's a fart! How did you have the confidence to reject Lao Fan? Do you know—"

"What are you doing in a daze? It's not that you refuse Lao Fan's acquisition. You're too unsettled. Chu Yuan Xixin said that although Ali likes to intervene in everything, it is just an online choice for a drama, and it is not a big deal at all.

And, fortunately, it is not about investment and financing. In fact, Ali's investment needs to be more cautious than that of big penguins, because penguins are particularly controlling at the beginning, and later they become Buddhist, but Ali is not, Ali adheres to a strong strategic investment, and wants to incorporate investment objects into its own system. It's okay if it's just like this, after all, Ali's system is wide enough, but Ali is a defensive investment-oriented. What is a defensive investment? He can shoot at a target that can die, but it can't be taken away by someone else.

This is the direct cause of the conflict with Meituan at the beginning, and it is also the root cause of the failure of Xiaohuangche.

From this point of view, the development speed of Baren Entertainment is faster, which perfectly avoids the problem of being acquired by Alibaba. Why didn't Yuan take it easy? Because it takes a certain amount of courage to reject Ali and the big penguin.

"By the way, do you have any resentment?" Chu Yuanxi saw that Yuan Yu's eyebrows were tight, and his mood was a little wrong, and he couldn't help but be very curious, "Your investment in Ba Ren Entertainment is so successful, it stands to reason that you should be beautiful, right?"

"I can't talk about resentment, I just feel like you're floating. Let me tell you, you have been going too well lately, and it is not good to go too far, and great success will cover up a lot of problems. ”

The so-called friend can say advice against the ear, Chu Yuanxi suddenly let out a string of smirks, "We don't have to be so polite, right?"

"How do you know?"

Chu Yuan Xixin said in his heart that as long as you are a person who can't hide things on your face, I will know it by looking at your words and looks! Even he knew what Yuan Yu wanted to say, so he sighed: "Ba Ren Entertainment itself is based on the headline platform, this label is inevitable, and it is not easy to be contaminated with Ali?

The Ba people's label is inevitably my label, but there are so many places that I need to rely on penguins in the future, and I absolutely cannot stand in line now. ”

Yuan Yu didn't speak for a long time, and said in his heart, Could it be that someone had already made a similar suggestion to Chu Yuanxi? In the Celestial Empire, it doesn't matter if it is an entity, if the mixed Internet is mainly virtual, then BAT is three mountains that cannot be bypassed at all, and AT's obsession with investment is so fanatical that when a company's size develops to a certain stage, it is inevitable that it must choose a side.

Ba Ren could only be regarded as a small fight before, and later the IP of "Out of the Troubled Times" was a success, but it would not exude an extraordinary fragrance before it was realized. But now the game has been a great success, and it is estimated that the turnover in November and half a month should be stable at more than 300 million, the key is that the DAU is very high, and it is rushing towards the 10 million mark, which is enough to arouse the interest of the behemoth to eat.

It is rare that Chu Yuanxi has already thought about this problem, Yuan Yuan has not been able to play any role, but he is inexplicably relieved.