Hong Kong, 16 August 1987.

In the press conference hall of the headquarters of the new venture publishing company, Shangguan Xiaobao signed a document with high spirits - 100 million Hong Kong dollars, wholly acquired Huang Yulang's Yulang International Publishing House.

This is already a small investment for a new publishing company. Because the market value of New Capital Publishing Group has broken through the HK$40 billion mark, it is already the third largest listed company in Hong Kong in terms of market capitalization. The company's revenue has exceeded 10 billion yuan, and its net profit has exceeded 1 billion. In terms of the publishing industry alone, the other publishing houses in Hong Kong combined may not be the opponent of the new venture publishing group.

Of course, although the publishing business accounts for 80% of the revenue, New Venture Publishing Group is only a publishing company. Its sources of revenue include licensing in film and television, and games. In addition, some high-quality, comic IP, New Venture Publishing Group is also trying to invest on its own. In terms of film and television business alone, New Venture Publishing Group is also one of the top five film and television companies in Hong Kong, and in terms of game business, New Venture Publishing Company is also one of the top 50 in the world.

In terms of distribution channels, the monopoly of New Capital Publishing Group has surpassed that of any other publishing company in Hong Kong, and in Hong Kong alone, New Capital Publishing Group has more than 300 self-operated distribution channels. In China, there are more than 5,000 chain rental bookstores.

Overseas channels, New Venture Publishing Group has gained a firm foothold in Japan, and the two markets of comics can be among the top 10 in Japan. In addition, European and American countries are also actively establishing distribution channels.

It can be said that the new venture publishing group has become a world-class publishing giant.

Under the pressure of the new venture publishing group, Yulang International's share in Hong Kong has been shrinking.

After all, Hong Kong comic readers, if they follow the magazine for a long time, only need a copy of "Hong Kong Comic Youth Weekly". In addition, if you want to make a personalized choice, the rental bookstore membership card of the new start-up publishing company is a must-have for old bookworms.

As for creators in comics and industries, the first choice for submissions is naturally the New Venture Publishing Group. After all, New Venture Publishing Group's strong channel advantage is something that other Hong Kong publishing companies do not have.

In the original history, Huang Yulang's Yulang International Company should have been able to go public in 87 years, and caught up with the big bull market, and the market value was speculated to more than one billion yuan. After that, Huang Yulang bought a building and entered the newspaper industry again. Moreover, he said proudly that Jin Yong's "Ming Pao", which he had worked hard for decades, was not as good as Yulang International, which he founded less than ten years ago.

After the listing, Huang Yulang's attention was attracted by the ups and downs of the capital market, and he felt that it was too hard for the comics industry to make money, and he became a monopolist in the Hong Kong comics industry, earning tens of millions of yuan a year. And the capital market casually made it worth more than 1 billion yuan, becoming a small tycoon rising in Hong Kong. The main business needs to work hard for decades to make so many profits.

Therefore, Huang Yulang began to do not do his job properly and indulged in the capital market, but as a result, he did not make any money, but was abandoned by his own business. In addition, the misappropriation of the company's funds for speculation caused serious losses, in order to avoid the exposure of speculative losses, Yulang International Company had to make false accounts, and in the end, Huang Yulang, a promising comic market giant, was imprisoned in Stanley Prison, and Yulang International Company was also swallowed up by Sing Tao Daily and renamed Cultural Communication. It wasn't until the 90s that Huang Yulang was released from prison and sold the remaining Culturecom shares, raised hundreds of millions of capital, and started a new round of entrepreneurship.

And now this history has changed beyond recognition, due to the monopoly of new start-up publishing companies in Hong Kong and the comic publishing market, Yulang International cannot compare with the deep-pocketed new start-up publishing companies in terms of creativity, capital and channels. As a result, the market share of Yulang International Company continued to decline, and in the first half of 87, Yulang International Publishing Company's revenue was only 16 million yuan, and the after-tax profit was only 400,000 yuan. From the biggest competitor of the start-up publishing company, it has become a third-rate publishing company. With such performance, it is naturally impossible to become a listed company.

Therefore, accepting the sky-high acquisition of New Venture Publishing Group is the best result for Huang Yulang.

"Mr. Wong Yuk Lang is our predecessor in the Hong Kong comics market. Whether it is in terms of comic themes and business models, it has brought too many innovations to our entire industry. Mr. Huang Yulang himself will continue to serve as the general manager of Yulang International Publishing Company for the next ten years, and I believe that a win-win situation will be achieved in the future!" Shangguan Xiaobao said to the media, "Yulang International Publishing Company has a strong team of more than 60 first-class cartoonists. Limited by channels and capital, the current performance is at a low point. However, with our acquisition, Yulang International's works will soon be able to have distribution channel advantages in the domestic market and the international market, and it is conservatively estimated that Yulang International's profit can recover to 5 million yuan this year. In the next three years, Yulang International Publishing Co., Ltd.'s net profit is expected to reach 30 million Hong Kong dollars!

Huang Yulang said on the spot: "We are willing to be acquired, mainly because we see that New Venture Publishing Group can help us distribute our works to the world! Moreover, we have licensed with Fantasy World, a subsidiary of the New Venture Department, to obtain the adaptation rights of Jin Yong's two comics, "Dragon Babu" and "The Legend of the Condor Heroes", and in the next few months, the two works will be published in the form of comics. In addition, we have also obtained the authorization of the new venture publishing company to adapt "Nine Yang and Nine Yin", which is also adapted from Jin Yong's world view, and it is said that it has sold more than 3 million copies in the mainland market! We are the strength of comic creation, coupled with the unique Jin Yong copyright of the new venture department, Yulang International Publishing Company will usher in a new take-off!

In fact, holding a press conference is just a formality. After all, New Venture Publishing Group is a publicly traded company. However, due to the small scale of investment, it is not announced in time, and it is okay to only mention it in the annual report.

Of course, because of the current general manager, Shangguan Xiaobao, the righteousness of the rivers and lakes is relatively heavy. The acquisition of Yulang International Publishing Company is almost equivalent to a real monopoly of the Hong Kong comic publishing market. Hold a press conference, a bit of a ritual.

Moreover, Huang Yulang didn't brag about it, his company still has dozens of loyal cartoonists who are mixed with him. It also has a lot of comic creation skills, but due to the lack of plot creativity and IP advantages, it is temporarily in a predicament. And licensing Jin Yong's comic adaptation to Yulang International Company is indeed a better choice.

Originally, Huang Yulang later created the "Divine Soldier Xuanqi" and "Legend of the Son of Heaven" series, but now these classics have long been created in advance by the new venture publishing group. In addition, the themes of Hong Kong comics now are far richer than in history. Therefore, Huang Yulang's team has good comic creation skills, but the plot is difficult to attract readers. However, with Jin Yong's IP authorization, it is different. In a short period of time, the team that has fallen to the bottom of the performance can be put back on track!