Penguin carefully analyzed the reasons why the operation of the stimulus battlefield was not as expected, and a large part of it was attributed to the live broadcast of the game.

At the same time as the warm-up of "All Army Attack", Penguin quickly completed the financing of Douyu Live and Huya Live Broadcast.

Invested 460 million US dollars in Huya, won 34.6% of the shares, and became the second largest shareholder after Huya's parent company, Huanju Times.

invested 630 million US dollars in Douyu and became the largest shareholder of Douyu, with a shareholding ratio of 43.1%, much higher than the 18.6% of Cheng Shaojie and other executives combined.

Ruixiang participated in the A round of financing of Douyu, followed the investment of 8 million US dollars, and obtained 8% of the shares of Douyu.

After three rounds of dilution in Series B, Series C and Series D, it continues to hold 5.75% of Douyu's shares.

But because of Ruixiang's special relationship with Zhonghe Group, as well as the bad relationship with penguins.

Cheng Shaojie teamed up with Penguin to clean up the more than five shares in Ruixiang's hands in one fell swoop through this E round of financing.

Ruixiang did not lose money, and got back 1.15 billion yuan, compared with the investment of 8 million US dollars, the rate of return is as high as 22 times!

Douyu and Huya have promoted "All Army Attack", and the live broadcast sections of Doushi, Kuaishou, and Station B are not idle, and a group of anchors broadcast "PlayerUnknown's Battlegrounds" to netizens every day.

The domestic live broadcast platform forces were divided into two factions.

After obtaining a huge amount of financing from Penguin, Douyu and Huya were not idle, and in order to please Brother Xiaoma, they began to dig hard into the corners of Doushi, Kuaishou, and Station B.

Zhonghe Group is not muddy, and immediately launched the "money ability", and a sky-high contract was placed in front of the game anchor.

Zhonghe Group looked like it was not bad for money, which made Douyu and Huya calm down a little.

After all, penguins are godfathers, not fathers, if one day they dislike them for being old and decrepit, wouldn't it be the end?

Zhang Yida is very satisfied with this result, if the enemy is ruthless, you have to be more ruthless than him, so that the enemy can be afraid of you.

Zhonghe Group received $600 million in investment from Sony, and its cash reserves were strengthened again.

The three money printing machines of Kuaishou Live Broadcast, Douyin Advertising, and PUBG Endgame are running at full power, and Zhonghe Group's cash flow is gradually positive.

In terms of equity, after Zhonghe Group completed the copyright investment of the three major record companies and Sony's $600 million cash investment, Zhang Yida's shareholding dropped from 59.47% to 58.64%.

This shareholding ratio is relatively high, and Zhang Yida did not use the private funds stored in the family office to increase his holdings, after all, eggs cannot be put in one basket.

Take Zhonghe Group as an example, from its inception to the present, he has made several rounds of additional investment with private funds, adding up to almost $2 billion.

This may be an astronomical amount for the average entrepreneur.

Fortunately, he has cashed out a lot from Yimin Net Finance, Yimin Wealth, and Yimin Loan, as well as private investments such as OYO Hotel and Blue Hole.

......

"Mr. Sun, congratulations, from today onwards, you will be the second largest shareholder of Ruixiang and Zhonghe!"

Liu Zhiping happily shook hands with Sun Zhengyi, and although the matter dragged on until January, he finally sold the equity in his hand at a good price.

Son's eyes narrowed into a slit, and he couldn't be more satisfied with the deal.

US$8.7 billion to acquire a 16.362% stake in Ruixiang Group, US$6.4 billion to acquire a 14.25% stake in Zhonghe Group.

It is equivalent to Ruixiang Group with a 20% discount on the basis of a valuation of 66.6 billion US dollars, and Zhonghe Group with a 7% discount on the basis of a valuation of 64.2 billion US dollars.

With $15.1 billion invested, Son believes the gamble will not disappoint him.

Although he entered the game relatively late, Son firmly believes that Ruixiang and Zhonghe will definitely grow into giants with a valuation of 100 billion US dollars/market capitalization.

This judgment not only comes from his good perception of Zhang Yida, but also contains his own analysis.

Ahri and penguins are old, and their minions are no longer sharp, and the sharp direction and Zhonghe who are expanding their territory around the world are the rising Internet stars.

Liu Zhiping looked at the complacent Son Zhengyi, and thought to himself, will this famous Internet emperor encounter a Waterloo in his life here with Zhang Yida?

He couldn't come up with a definite answer, because the penguins couldn't beat the two little giants of Ruixiang and Zhonghe now.

Penguin and SoftBank held a grand press conference, invited hundreds of journalists, and announced the $15.1 billion equity transfer deal, equivalent to 105 billion yuan.

Such a big stroke, not to mention rare in China, is rare in the Internet circle around the world.

Excited reporters began to ask questions, and Liu Zhiping patiently explained.

Reporter: "At this moment, choosing to sell the equity of Ruixiang and Zhonghe means that Penguin is not optimistic about the development of these two companies?"

Liu Zhiping: "The main thing is that the concept is not compatible, and now it is very similar to the penguins before 2010." ”

What does this mean?

Immediately, a reporter began to make up for it, in 2010, wouldn't it be the penguin before the 3Q war?

In the past, penguins had to intervene in any field, and it was not until after the 3Q war that they slowly took the open route.

Now Ruixiang heard that he has obtained all the financial licenses, and Zhonghe is attacking frantically in the big entertainment sector.

Not to mention, it really looks like a penguin before 2010.

Looking at the reporters who were talking to each other, Liu Zhiping smiled, he just wanted to give Zhang Yida some eye medicine.

The reason for such a grand press conference is to completely draw a clear line with Ruixiang and Zhonghe, and announce to netizens across the country that Penguin, Ruixiang and Zhonghe have parted ways.

Next, Ruixiang and Zhonghe will face the crazy blows of the penguins.

It is necessary not only to let the outside world see the fate of the traitor, but also to knock on the magnesium ball and Didi that are about to move.

Son was a little displeased, but it wasn't his turn to speak, so he endured it for the time being.

The reporter who wanted to do something asked again: "I heard that in the early days of Ruixiang and Zhonghe, penguins provided great help.

Now that Penguin and the two companies have parted ways, what does Mr. Liu say about Zhang Yida?

Liu Zhiping pondered for a moment and said into the microphone: "Mr. Zhang has great ambitions and is a person who is unwilling to be subordinate. ”

The reporters understood another layer of meaning, unwilling to be subordinate, didn't they say that there is a backbone in the back of the head?

Zhang Yida has just become the richest man in the country, is in the limelight, and is very topical.

The reporter wished that Liu Zhiping would break the news, but Liu Zhiping stopped on the spot and stopped answering questions.

Then Son began to answer reporters' questions.

Reporter: "What does Mr. Son Zhengyi think of the competition between Ahri and Pinduoduo, and does his shareholding in Zhonghe Group mean that you are dissatisfied with the status quo of Ahri?"

Masayoshi Son: "Both companies are very good technology companies, and competition will make the industry more prosperous and bring greater convenience to consumers." ”

Reporter: "Then what do you think of Mr. Zhang Yida?"

Son Zhengyi glanced at Liu Zhiping and replied with a smile: "Mr. Zhang is the most powerful entrepreneur I have ever met, with keen vision, advanced business insight, and excellent leadership......"

Reporter: "The best entrepreneurs, including Mr. Jack Ma?"

Son Masayoshi had a smile on his face, and he already had MMP in his heart.

He smiled and said, "When Mr. Jackma started his business, he was not as young as Mr. Zhang. ”

The reporters laughed when they heard it, and in terms of business achievements, Zhang Yida was still inferior to Jack Ma.

But than his age, Zhang Yida is more than two rounds younger.

Zhang Yida looked at the overwhelming discussions on the Internet, some said that he lived up to Brother Xiaoma's cultivation, and some said that he deceived Brother Xiaoma's feelings;

There are also those who say that the penguin forced him to rebel, and the penguin plays hegemonism, anyway, there are all kinds of things,

Completely cut with the penguins, although in the near term, it will do more harm than good.

However, in the long run, after sorting out the relationship, the shareholders of Ruixiang and Zhonghe will be completely united and work together to make the cake bigger.