Now Douyin is a first-line short video platform in China, and 2,000 daily active users are showing their potential.

Penguin naturally will not miss the opportunity to invest, and has expressed its optimism about Douyin many times, and the valuation is almost growing up one price a day.

Chen Zhijian has proved his vision by investing in Feixiang Technology, and now that Feixiang Technology has been sold, Penguin has made a lot of money.

Now Douyin, which has as many as 20 million daily active users, is once again targeted by penguins, so Chen Zhijian specially went to the magic capital to visit the microcosm.

Chen Yun and Chen Zhijian are in contact for the first time, but now the microcosm still has the confidence.

Douyin alone has already turned the microcosm into a unicorn.

What's more, another unicorn can be incubated through Douyin in the future - micro-cloud music.

Chen Zhijian directly expressed his intention: "Mr. Chen, I came this time to ask when your company's Douyin plans to accept financing?"

What Mr. Shen means is to wait, there are still relatively few investors now. ”

Chen Zhijian hurriedly said: "We penguins are willing to invest in this round alone, the price I gave before was $1.2 billion, I don't know what you think, Mr. Chen?"

Chen Yun's heart trembled, the valuation of Douyin was $300 million in the A round, and now the valuation of Kung Fu has quadrupled in a few months.

"For this, Fosun Capital has given a valuation of $1.3 billion. Chen Yun's face was embarrassed.

"Fosun Capital again?"

Chen Zhijian looked depressed, but he still adjusted his mentality and said: "Mr. Chen, you also know that financing cannot only look at valuation, but also depends on what resources investors can give you, right?"

As soon as Chen Yun heard it, she knew that the highlight was coming: "Yes, Mr. Shen has specially explained this point." ”

Chen Zhijian also knows that it is difficult for him to easily invest in Douyin without taking out some real resources.

"Tell me what resources you need at the moment, and I can help you get in touch, is it diversion or something else?"

Chen Yun almost did not hesitate to say: "Music copyright! We need more music copyrights." ”

Chen Zhijian was a little puzzled: "Didn't we sell you a batch before, and then signed a contract and only charged a part of the copyright fee for the songs used by your users?"

"It's not Douyin, it's microscopic cloud music. ”

Chen Zhijian then understood, but he didn't care, the online music market Penguin Music Group occupies 70% of the share.

The current microcosm has only been established for less than a year.

Even Douyin has just just been raised in Series B, and Micro Cloud Music is a platform that has just been launched for a few days.

Seriously, Chen Zhijian really didn't feel any pressure at all.

"So what do you want to do? Spend money on copyright?"

"Micro Cloud Music purchased the copyright of 1.5 million songs in the hands of Penguin Music Group for a period of two years. ”

Chen Zhijian looked surprised: "Are you sure you want to buy so much, it's not cheap." ”

"We only need two years of copyright, and Mr. Chen might as well make a price. ”

Chen Zhijian was a little hesitant, this price is not easy to open.

In the past two years, the copyright fee has risen gradually, and the penguin has relied on the early acquisition, and the money spent is not much.

has distributed its own music library to Netwing Cloud Music before, but Netwing's copyright is just about to end.

Netwing has been a little dishonest lately, and Penguin naturally doesn't want to sell the copyright to Netwing anymore, and now it seems that Microcosm is a good choice?

Chen Zhijian pondered for a while and said: "That's the case, before Netwing Cloud Music bought 1.5 million of our songs, you should know this, right?"

Of course, Chen Yun knows that Chen Yun's goal is these 1.5 million songs.

"The price of selling it to Netwing was a bit low, I don't know how much you plan to pay for it?"

Chen Zhijian looked at Chen Yun, and it was obvious that it was impossible for Chen Yun not to give a satisfactory offer.

"How about $10 million? We plan to pay $10 million to buy the rights to 1.5 million songs on the Tencent Music platform for two years. ”

In fact, don't look at the tens of millions of music libraries on a few music platforms, but the activated music libraries that are really used are tens of thousands of songs.

Penguins are quite clear about this, and Chen Zhijian asked, "Do you agree with the valuation of $1.2 billion?"

"For $1.5 billion, we'll take out 5% of the shares, I don't know what you think?"

Chen Zhijian frowned: "1.5 billion US dollars? This is a bit high, right?"

"It's not high at all, and you can see that Douyin has been around for less than a few months.

But the number of daily active users is growing rapidly almost every day, and now the number of daily active users is already growing rapidly towards 30 million. ”

Chen Zhijian still wants to say something, but considering that Fosun Capital failed to invest in Feixiang Technology last time, and this time it turned to invest in the micro world, nothing can make Fosun Capital successful.

"Okay, I agreed to $1.5 billion, but you have to sign a gambling agreement with me to reach at least 30 million daily active users within half a year. ”

Chen Zhijian thinks that if there are 30 million daily active users, the valuation of $1.5 billion is not high.

"That's fine, and we also have confidence in Douyin. ”

Chen Yun breathed a sigh of relief and added: "But now Douyin has been split from Micro Cloud Music, and two subsidiaries have been set up to operate these two products, and Micro World is the parent company. ”

Chen Zhijian was only a little surprised and didn't care: "Okay, the funds on our side can arrive at any time." ”

"And about the copyright of the song?"

Chen Yun now attaches great importance to microscopic cloud music, which Shen Lang said to Chen Yun that the potential of microscopic cloud music is very great, and even the potential in the future is not lower than Douyin.

"Ten million dollars, when the time comes, I will communicate with Penguin Music, and you will pay through Micro Cloud Music?"

"Yes, Micro Cloud Music will also set up an independent subsidiary, and Mr. Shen will directly invest 100 million yuan as the start-up capital of Micro Cloud Music. ”

Chen Zhijian also sighed with some emotion: "You are all lucky, and it is even more difficult to invest in the angel round of ordinary companies."

It's good for you guys, it's just a start-up capital of 100 million, and you don't need angel round funds at all. ”

Chen Yun also smiled: "Spending 10 million US dollars in two years can be regarded as micro-cloud music is very sincere." ”

Chen Zhijian also assured: "Don't worry, from the perspective of group investment, Penguin Music will agree." ”

"Well, there is an opportunity for us to have more cooperation, such as the copyright exchange of high-quality songs. ”

Chen Zhijian smiled and nodded, but the current micro-cloud music has just been established, and it can't make Chen Zhijian pay much attention to it.

Waiting for the future microcloud music will really make Chen Zhijian feel regretful, he should not have agreed to license 1.5 million songs in the first place.

Soon, the penguin side completed the negotiation, and Chen Zhijian's move was naturally smooth.

Penguin Music agreed to sell the rights to 1.5 million songs to Microcloud Music for $10 million, many of which are tracks by popular singers.

The use period is two years, and it is estimated that Penguin will definitely not allow Micro Cloud Music to use the song copyright at that time.

Ding Sanshi of the net wing was completely dumbfounded when he heard the news.

You must know that the most anticipated renewal of the contract with the penguin is Netwing, and Netwing dreams that Penguin will immediately propose to renew the contract.

But now that Penguin resells the copyright to Micro Cloud Music, the natural net wing is completely useless!

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