How much cash flow can be used by Yoyo is the answer that Liu Yun desperately wants to know.

After he returned to Ningjiang, he first found Zhang Lili, the company's chief financial officer, and asked for relevant information.

Zhang Lili flipped through the documents in her hand and said word by word: "Mr. Liu, the investment amount of Youyou Yunsi in 2008 is 1.5 billion, which is signed by you personally. ”

Liu Yun scratched his head and said word by word: "I understand!"

Zhang Lili continued: "Youyou Terminal Equipment Co., Ltd., which was established in Shanghai, that is, the project team that developed mobile phones, has also invested 500 million yuan. This has gone to 2 billion. ”

2 billion was thrown away like this, and it seems that there is not much splash in sight.

"As a reborn, I chose the most difficult path, and I don't know whether I was stupid or persistent. ”

Liu Yun hesitated slightly, and then asked, "How much liquidity do you have?" ”

Zhang Lili thought for a while and replied: "The company's current cash flow is still 3 billion yuan, and there are many places to spend money, of which the investment in the mobile phone business accounts for the majority. ”

"And ...... Weibo also costs a lot of money. ”

Liu Yun replied decisively: "Weibo itself is independent, and you will invest for a year at most, and you will go to financing." ”

Weibo will not make money for at least three years, and competitor penguins are eyeing it from the sidelines, and there is also a large amount of promotion and marketing expenses.

The value of Weibo can only be truly reflected after the opening of the mobile Internet era.

Liu Yun still has an abacus in his heart, and this part of Weibo is not necessary for Youyou.

If he loses to Tencent in the end, the money will be wasted, but this possibility is very small, and if Weibo succeeds in occupying this market, Liu Yun has not thought of cashing out Weibo's equity at a suitable price.

After all, it is very difficult for Weibo to make a stable profit, especially in recent years, there is no hope at all.

In addition, there is another point that also makes Liu Yun very scruples. That is, Weibo, which is known as the bomb effect of public opinion, has too many minefields when it operates.

For example, deleting posts at every turn, withdrawing hot searches, that is a trivial matter, and it is not uncommon to block or even ban accounts.

Of course, as the operator of Weibo, he is also involuntary and aggrieved.

"Is there anything else you need to invest in?" Liu Yun retracted his thoughts and asked seriously.

"Yes!"

"What else?"

"Mr. Liu, I can't say it!"

A hint of puzzlement flashed across Liu Yun's face.

Zhang Lili continued to say unhurriedly: "That's the case, Mr. Liu still remembers that you bought a 7-story office building in Hangzhou at the beginning of the year. ”

"Of course I do. ”

This is the Youxin R&D base he planned, and Zhang Xiaolong will be transferred from Shanghai to Ningjiang after a while.

Zhang Lili hesitated for a few seconds and said: "Although I don't know Mr. Liu's plan, I have heard you mention in private that this project is very important and requires a lot of investment in the early stage, so I also took this into account when making the budget." ”

Youxin is a big project, and Liu Yun has been preparing for this for a long time.

Uxin's pre-R&D and marketing will definitely cost a lot of money.

The salary and bonuses of the entire technical team, as well as the operating and promotion expenses of Uxin, are not a small number.

Liu Yun touched his chin a little bitterly, there were too many places to spend money.

It's a bit of a big step, but now it's really time to wait.

Financing?

He immediately rejected the idea. Weibo can be financed, and those that have become independent, including voice software and video websites, will also go to raise funds.

But the project team of Youxin is directly subordinate to the group company, and he wants to own it 100% and does not want financing, as long as it does not reach the point of desperation.

In the previous life, Penguin did not finance for this, and in the end it was a great success, and Liu Yun wanted to do the same.

"There's not enough money to spend. In Liu Yun's heart, all kinds of thoughts flashed one after another, and he reluctantly came to such a conclusion.

If the amount of Hillhouse Capital's investment in JD.com in the previous world is 300 million US dollars, it is almost equivalent to 2.2 billion yuan.

Then the remaining liquidity in Yoyo's hands is too small.

By the way, in a few days, after that disaster, he will have to donate at least 100 million.

In the past few years, Yoyo has relied on a few popular games to quickly accumulate MPF, and then the next few years will come to the stage of burning a lot of money.

If he is willing to be a miser and guard such a huge sum of money, it will be enough for him to live a peaceful life for several lifetimes.

But in this way, Yoyo will also be reduced to a pure game company, and it will lose its current good situation.

If a company wants to expand, it has to burn money.

"How much profit is the game company expected to make this year?" This is Liu Yun's first concern.

This will determine his next steps.

"The most optimistic estimate will break 5 billion. Zhang Lili looked at the financial statements and gave her own analysis.

"What about Yoyo Technology, and Yoyo Holiday Network?"

"Youyou Technology is about 600 million, and Youyou Holiday Network is about 200 million. ”

The profit of the game still accounts for nearly 9% of the total profit.

When League of Legends goes live next year, the share of games will only be higher.

"I wish LOL would go online as soon as possible so that the company could have another cash cow. ”

But this kind of thing can't be rushed at all.,The better the game,The more you should keep improving.,If you take out the half-finished product.,It's self-defeating.。

The brutal market won't give you any chance to save me.

"In the case of no financing, at least after LOL is launched next year, the financial situation can improve. ”

Liu Yun believes that as soon as this game is launched, the results will explode.

How profitable "League of Legends" is, only Liu Yun knows.

Now, even Riot, the game's developer, didn't expect it.

Since its release, League of Legends has brought Tencent a profit of 5 billion yuan in the first year, and even set new records every year since.

By the time of Liu Yun's rebirth, in 2018, the profit of "League of Legends" had exceeded 10 billion yuan.

Fortunately, the time when Penguin launched League of Legends is very close to the time when the mobile Internet has entered its golden age.

This means that Tencent is vigorously expanding its business in the mobile Internet sector, with ample sources of funding without relying on financing.

You must know that its nemesis, Ali, has raised billions of dollars several times in those years.

And Brother Xiao Ma has publicly flaunted on more than one occasion that Tencent has not raised funds since 2004.

"Mr. Liu, there are only these three projects that can bring profits at present. If the investment quota continues to increase next year, the financial situation will be even tighter. Zhang Lili was also a little puzzled.

This young boss, after entering 2008, took too big a step and caught people off guard.

When she knew that Yoyo was ready to invest 2 billion yuan in R&D funds in Youyo Yunsi, a chip R&D company that had just been established.

Her first reaction was the boss, and the whole company could only go crazy with him.

It's just a chip for a mobile phone, so much money is needed.

How many phones do you have to sell to make money?

"Manager Zhang, you go back first. I'm alone. Liu Yun already understood the general situation, so he sent Zhang Lili away.

The main part of the money burning is the mobile phone business, and at least 10 billion yuan must be invested in the early stage to see the splash.

This investment includes the chip research and development of Yoyo Yunsi, as well as the initial investment of mobile phone companies.

Xiaomi, who learned from a previous life, carried out financing?

Founded in 2010, Xiaomi started with a startup team of only 10 people, renting only a small office in the Yanjing office building.

But the founder Lei Jun has another identity, a famous angel investor.

He brought many well-known venture capital institutions at home and abroad to Xiaomi, with a financing line of about $1.5 billion in four years.

Huawei is another case, this company did not go public in the first place, and there is no plan to go public, and there has been no financing.

But because the company's communication products sell well all over the world, Huawei has enough cash flow to support its mobile phone business and chip business.

Yoyo is very profitable, but it is still much worse than Huawei's earning ability.

If Liu Yun is unwilling to finance the mobile phone business, he will have to think of some other options.

Smartphones and Youxin are his two major cards for the layout of the future mobile Internet.

It's also his biggest challenge yet.

Liu Yun took out the white paper, held a black pen, and carefully analyzed the chips in his hand.

Yunyue Investment still has 500 million yuan of reserve funds, which is his last retreat, and he is unwilling to use it until he has to use it.

He still has some Tencent shares in his own hands, which was originally 100 million yuan, and now it has almost risen more than 8 times.

Liu Yun's eyes flashed, and he couldn't make up his mind.

He understands that the stock will continue to rise, even if it does not reach the heights of his previous life, but he can still make a lot of money.

Selling this part of the stock, Liu Yun was still a little reluctant in his heart.

He gritted his teeth and crossed out the plan.

Another way is to borrow money from banks.

He would rather pay a decent interest rate than dilute his shares to finance it.

The bank's money, why don't you use it?

"Manager Zhang, if we ask the bank for a loan, how much can you borrow with your experience?"

Zhang Lili was slightly stunned, and soon after she returned to the office, her boss called again, and the result was to inquire about the loan.

"Mr. Liu, I have to go back and calculate the company's assets and profitability before I can reply to you. ”

"If I'm ready to borrow 5 billion, is there any problem?"

He calculated that if it was 5 billion, Yoyo's liquidity would be abundant next year.

In the second half of next year, after the launch of "League of Legends", Yoyo's financial pressure will be much less.

And with Liu Yun's most optimistic estimate, the second half of next year will almost be able to launch Android smartphones, and then his goal will be one, staring at HTC, and to seize the other party's market share, so that mobile phone companies can basically maintain profitability.

However, at this time, the financial director of Youyou on the other end of the phone seemed to be frightened by Liu Yundi's big mouth.

"Mr. Liu, Yoyo's financial situation is very good, there are no debts, there are no non-performing assets, and it is a leading enterprise in the industry, so it is not impossible to borrow so much from the bank at one time. But ......"

Zhang Lili hesitated for a while, and then changed her words, "But now our company is not short of money, we have borrowed so much at once, but the amount of interest repayment will be hundreds of millions next year." ”

"It's just a loan turnover, the company's business will expand faster in the past few years, and after this period of time, I am sure that I will be able to pay off the loan within three years." Liu Yun said indifferently.

"Okay, Mr. Liu. I'll do the statistics when I go back and get back to you in a few days. Now that the boss has decided, Zhang Lili, as a subordinate, can't say anything.

Liu Yun hung up the phone and breathed a sigh of relief, since he was ready to take a big step, he was not ready to take it back.

After a while, he picked up the microphone again and was about to call Brother Xiaoma, but as soon as he pressed a few numbers, Liu Yun frowned slightly, hesitated for a while and put down the microphone.

He must not be too impatient in front of Brother Xiao Ma or Liu Qiaodong, steady, he must be steady, and he must have a posture of not being surprised.

......

Time passed quickly, quietly until May 10th.

Now, it may be only Liu Yun who is counting the days with his hands folded, and there is still some torment in his heart.

On this day, Liu Yun received a call from Su Yuhan.

This Nizi has made up her mind to go to graduate school and has chosen a university in Jinling.

"Why don't you go to Shanghai?"

"I'm too familiar with Shanghai, and I want to go to a city that I don't know very well. ”

"Two years?"

"Full-time is basically three years. ”

Liu Yun didn't think about it, nor did he study graduate students, so he habitually brought in those who were on the job.

Su Yuhan said self-deprecatingly: "After graduation, she will be an old girl." ”

After graduation, she was 26 years old, and Liu Yun was also 26 years old, which is actually not too old, but it is not too young.

At that time, what will be the future of the two, it seems that there should also be a result.

During the phone call between the two, Su Yuhan also mentioned something and said: "By the way, my best friend Chen Shanshan is very happy these days, do you know why?"

Liu Yun was a little puzzled and asked, "Why?"

My girlfriend's best friend is very happy, and it doesn't seem to have much to do with me.

"You're going to break the bank, and you're going to have to prepare an endorsement contract, to be exact. ”

"What do you mean?"

Su Yuhan continued: "Shanshan's boyfriend, Wang Haoran, do you remember? ”

Liu Yun's memory is not bad, and he quickly reacted and asked, "Yuhan, don't tell me that this guy is really selected for the 12-man squad for the Yanjing Olympics?"

He really said it casually.

Su Yuhan replied: "Selected, he will become teammates with Yao Ming, Yi Jianlian and others, and because he was selected for the best team in the CBA, he is now preparing for the NBA draft." ”

Liu Yun pursed his lips, he didn't know if this was good news, but what he said couldn't be relied on, at least the endorsement contract couldn't run, and he was going to break the bill again.

This unrecognizable space-time......

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