Hongyuan International Building.

It's the annual business report again, but compared to last year, this year is much more exciting.

Especially Wei Yuchang, he finally raised his eyebrows.

Xincheng Micro Loan has been established for only half a year, with a profit of more than 1.5 billion, and the cumulative number of borrowers has reached 200,000, which is still growing.

Of course, there are a lot of bad debts in it, and the money lent out cannot be recovered, especially some time ago, Yuxuan set up a set, and Xincheng Micro Loan suffered heavy losses.

However, due to the existence of high interest, these bad debts are completely covered, and the company still makes money!

Next is Yulang, after half a year of talks, the Ministry of Finance finally acquired the shares of Beichuan Airlines and became its largest shareholder.

As for other investments, they are also very profitable, and it is a good year!

“…… We have just released the fourth generation of the Demon King mobile phone, the first month sales exceeded 10 million, this year Pingjiang Technology Co., Ltd. total sales of 2.25 billion yuan, net profit of 870 million yuan, an increase of about 2.7 times over last year!" Yu Xuan said.

……

At the end of the meeting, everyone got up and left.

Wei Yuchang walked up to Yuxuan and asked, "How much is the revenue of Tesco Mall this year?"

"Net profit of 4.3 billion!" Yu Xuan said with a smile.

"I'll surpass you next year!" Wei Yuchang wrote a battle letter.

Yu Xuan shrugged.

Out of the conference room, Yu Xuan shouted to Yu Lang: "Wait and eat together!"

"Something?"

"I thought of a project the other day and wanted to talk to you!"

Yulang looked surprised: "It won't be another Tesco mall, right?"

"Small project!"

Yu Xuan grabbed his shoulders and said with a smile: "Let's go, I'll take you to meet my partner!"

Jinglan Hotel.

In a large box, Yulang met Gu Ningjiu.

Although he doesn't know much about the Gu family, as a veteran family in Donghai City, his heritage is profound and should not be underestimated by anyone.

After the introduction, the three of them sat down and chatted while eating.

Yu Xuan said that the idea of the Yitoutiao APP is actually a copy of 'Qutoutiao'.

"When you find a big enough market, you should use a quick way to quickly acquire users, occupy the market, and establish industry barriers!"

How to throw money at it?

One is to register to get a red envelope, the second is to read to earn cash, and the third is to invite friends to get a red envelope.

On this basis, APP check-in, answering questions, publishing articles, etc., all have corresponding gold coin rewards to drive users to read.

Yu Lang was stunned, and Gu Ningjiu asked directly: "Let's give them money?"

"Stupid! There are users and traffic, and you are afraid that you will not be able to make money?"

"You want to introduce ads?" asked Yulang.

“YES！”

Yu Xuan said with a smile: "We subsidize users with low prices, and after attracting traffic, we sell them to advertisers to earn the difference!"

"Can you still play like this?" Gu Ningjiu was stunned.

In the past, he used to write articles to make money, but he wanted to do the other way and send money to users, which is a really peculiar idea.

"It's not a matter of making money while watching the news, and I'm sure a lot of people will join in. In fact, not only information, such as short videos, live broadcasts, games, novels, shopping malls, etc., can be added, as long as users are interested, we will promote them!"

Yu Xuan said: "Xiao Jiu, the content is handed over to you, this is your Gu family's old business, no problem, right?"

"Don't worry, boss, like this kind of content editing, our family will grab a lot of it!" Gu Ningjiu said.

"I don't need much start-up capital, I roughly calculated, 100 million is enough, cousin, are you interested in joining?"

"Of course!"

The trio quickly reached a cooperation, and two days later, the investment contract was signed.

As soon as the money arrived, Gu Ningjiu immediately pulled people from his own company and quickly formed various content editing departments, while Yu Xuan took the staff of the technical department of Tesco Mall to write software together.

In terms of equity, Yuxuan accounts for 50%, Gu Ningjiu accounts for 30%, and Hongyuan Financial accounts for 20%.

The company is set up in Donghai High-tech Pioneer Park, not far from Guanhai Science and Technology Park, and can be reached in 15 minutes by taxi.

When everything is ready, it's already spring.

Yitoutiao APP was officially released in major software stores.

In terms of publicity, Yuxuan is still looking for Shengshi advertising, mainly on the Internet, and at the same time, Tesco Mall will give support.

When people open the mall, an ad immediately pops up.

"Look at the information, earn pocket money, millions of gold coins are waiting for you!"

As a shopping software with more than 100 million monthly lives, the publicity can be imagined, and many people have checked it.

Watching the news can also make money, and this model is very novel to everyone.

This also attracted the attention of reporters, and after investigation, they found that its founder was Shang Yuxuan.

As a result, major newspapers have reported that the news of [Young Master Shang's Second Venture] is on fire!

Maybe even Yu Xuan himself doesn't know how well-known he is on the Internet!

To put it simply, it's comparable to an A-list star!

After all, rich people are not necessarily handsome, and handsome people are not necessarily capable.

Young Master Shang has gathered these three points, which is as rare as a giant panda.

Under this wave of unexpected publicity, the number of downloads of Yitoutiao APP soared, and in just one week, the number of registered users reached 100,000.

And its business model has also aroused heated discussions.

In the almost saturated market of information apps, users are driven to read by gold coins, and huge traffic is obtained, and then advertisers are attracted to form a complete business model.

Some people appreciate it, while others scoff at it.

But in any case, this is undoubtedly a new business model created by Young Master Shang after bargaining with friends after the group discount and bargaining with friends.

What the future holds, it's hard to say now!