Chapter 303: Investing in VinaGame
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The main business of the small partner company is still concentrated in China, even if there is a Blue Dream company in Hong Kong, but it is still far from internationalization. Pen fun and pavilion www.biquge.info
At game shows, neither export nor import games have put a lot of effort into it.
Even the potential of the Chinese market has just begun to be unleashed. Naturally, small partner companies will not focus on overseas market development.
However, if a foreigner takes the initiative to come to discuss business, the partner company will naturally not refuse.
After all, the small partner company is a cultural industry, and the domestic policy has always been to encourage the export of cultural products. But in fact, most of the domestic cultural products are not competitive overseas.
Being able to export some works is not only a matter of earning foreign exchange, but also has the meaning of winning glory for the country. Therefore, there is potential for policy support.
For example, since the birth of the game industry, China has repeatedly called for "electronic heroin". Even, for the Internet, many people are repulsed. Therefore, it is more necessary to prove yourself through export!
No matter how much money you make in China, it may not be worth exporting cultural products to the outside world, exporting cultural influence, and getting policy support!
After all, the game industry in the current nā½,ā½fwx.Ā£t in the domestic market is only more than one billion in the market. With such a small scale, the impact on the entire economy is minimal. If there is public opinion that wants to ban online games, and the top management agrees with this viewpoint. Well, being banned is just a matter of one sentence.
Billion-scale industries will not be taken seriously. Only, in the future domestic game market. When it gradually develops to the scale of 10 billion or 100 billion, the increase in employment and the promotion of technology, at that time, it will no longer be recognized by the top level to shout and kill online games.
Not to mention. In another 10 years, rural farmers in China will know how to shop online, rent a house online, order food online, find a job online, and travel online.
At that time, the Internet had become a way of life, and many people who were clamoring for a boycott of online games were also holding their mobile phones to play more humble online mobile games. Parents who are completely blindly averse to the Internet have also let their adult children shop and buy services for them online.
Then. In addition to being abandoned by consumers, there are no other policy risks for the game industry.
"The Vietnamese want to represent our game?" After Wang Qinian got Lin Xiaoshu's report, he seemed to attach great importance to it. Whether you can make money is second, the key is to export cultural products to the outside world and enhance the image of the partner company in China!
"Yes!" Lin Xiaoshu said, "A Vietnamese businessman in his twenties, Le Hong Minh, but he can't afford to pay the royalties. Pay only $100,000 as a deposit up to this money. It's only enough to translate the game program into Vietnamese. ā
"It's all right!" Wang Qinian said indifferently, "If he doesn't have much money, he can not pay the copyright fee for the time being." The operation was successful, and we got a share. If the operation fails, don't want him to give money, anyway. He's miserable! However, it is not for nothing that he is given the right to act as a player in the game, on the condition that he becomes a shareholder! The little partner company has a stake in his company, the copyright fee, and the right to dividends in the future game. Converted into equity! ā
Lin Xiaoshu was stunned for a moment, and said in his heart, in such a poor place in Vietnam, can online games be operated? If you don't charge a little advance payment, you may not receive a penny...... Even if it is successful? How much money can be made in the Vietnamese market? Hundreds of thousands, or millions, a year? It's not as good as a popular third-rate game from a small partner company, and it makes more profits.
However, who calls Wang Qinian the boss, according to the current articles of association of the small partner company, investment projects that are less than one percent of the company's assets can be approved by the general manager of the group company. Decisions that are less than 5% of the company's assets can be approved by the chairman and major shareholders. Only major projects that are more than 5% of the company's total assets need to hold a board meeting to strive for everyone's approval, well, in fact, it is not more than one-third of the total equity to vote against it.
Theoretically, Wang Qinian holds 65% of the shares, and it is possible for all shareholders to gather a negative vote to oppose his proposal. However, this is also too difficult, and it is almost necessary to gather the power of some minority shareholders to make up the veto power. This has to be Wang Qinian's rebellion and separation, so it will be so a failure.
Therefore, at present, many things in the company, daily management of small things, can be solved by looking for Yu Dong. Major investment projects can be approved by Wang Qinian.
In fact, cooperating with the Vietnamese, this trivial matter, does not need Wang Qinian's approval at all.
Yu Dong can sign and approve, but it seems that Yu Dong is now busy with the construction of the theater line of the small partner company, and has been selecting sites in the north and south for a long time. In addition, Yu Dong often buys film distribution rights outside, and under his control, the partner company releases at least 15 films from other companies in a few years. In addition, the film invested by the partner company itself, and the hegemony of film production and distribution is almost as stable as Mount Tai.
Even in terms of cinema lines, for the time being, Shanghai Film Group and China Film Group dominate. However, in a few years, the cinema overlord may also be replaced by a small partner company.
This is not bragging, the small partner company is currently investing 100 million yuan a year to build a new cinema. If it continues for 10 years, the investment amount may exceed 1 billion. In terms of the price increase of real estate, the assets of cinemas are expected to be conservatively estimated to be worth six or seven billion yuan.
As for the later Wanda Cinema Line, the market value once approached 100 billion yuan after listing, but in fact, the net assets of Wanda Cinema Line were only 5 billion yuan. The market value is 100 billion, which is pure capital market speculation, and the price-to-book ratio of 20 times has blown a huge bubble.
With Yu Dong's strategy of engaging in the film industry, Wang Qinian knows that the small partner company will become the absolute hegemon in the film market, and it only takes time to accumulate. After sitting on the hegemony of the Chinese film market, if you want to surpass Disney, you need the Chinese market to surpass the United States!
This requires greater wisdom and a national-level strategy, not just the efforts of small partner companies. But Wang Qinian is confident that he will develop the partner company to the point of surpassing Disney in his lifetime. And when the partner company surpasses Disney, then China's cultural industry will naturally reach the top of the world.
At that time, it will be China's cultural industry, conquering cities and conquering the world, dumping Chinese culture and values everywhere.
Right now...... Let's first practice the Vietnamese market and practice how to export cultural influence overseas!
Therefore, the next day, Wang Qinian met with Li Hongming and told him: "We prefer long-term cooperation, and short-term interests are not very important to me." We can not charge the royalty of the game! ā
"And what do you want?" Li Hongming hesitated.
"Equity!" Wang Qinian smiled and said, "The small partner company strategically invests in your company, and I don't ask for a controlling stake." Just take a certain share in your company. ā
"Okay!" Li Hongming originally had the mentality of gambling, and it was impossible to think about what kind of development his company would go in the future.
In the end, Wang Qinian signed a legal contract with Li Hongming, and took the exclusive agency rights and dividend rights of the "Ethereal Journey" game in Vietnam as the capital, and invested in the vinagame established by Li Hongming!
The equity ratio of the two parties is that the partner company holds 30% of the equity of VINAGAME. In addition, Li Hongming and his team own 70% of the shares.
For Vinagame, there is no need to come up with limited funds to pay for the royalties introduced by the game. In this way, you can better concentrate your funds and run the game.
For the small partner company, "Ethereal Journey" is just to open up the Vietnamese market, and the share of a game is high, and it is not as cost-effective as investing in the equity of the game company!
In this way, the partner company can easily obtain a large number of shares in the largest Internet giant company in Vietnam in the future. And it seems that the later vinagame is not only the overlord of online games in Vietnam, but also has a market share of no less than seventy percent.
In addition, the huge profits made by online games and the accumulated technology. VINAGAME later became the dominant player in Vietnam's web portals, e-commerce, instant messaging apps, social networking, entertainment, education, video and more. In the small Vietnamese market, Vinagame reigns supreme. Although, it can't be compared with many international giants, but in 09, Tencent invested $10 million in 20% of the shares of Vinagame. In other words, the valuation of Vinagame in '09 is already at the level of $50 million. Considering the rapid development of the Internet industry, Vinagame should be able to increase its value to $1 billion in ten years. Anyway, this company is also the Internet hegemon of Vietnam!
What's even more satisfying is vinagame, this company started as an online game, so it won't be long before it is possible to continue to make profits.
Of course. A strategic stake in the Vietnamese company has a second-highest return on equity. The key is that partner companies can use partners to dump various cultural products, including games, into the Vietnamese market.
According to the agreement drawn up by the two parties, the partner company will regard vinagame as the only agent in terms of games, and will deliver more game copyrights to the Vietnamese market in the future, all in cooperation with vinagame.
VINAGAME promised to pay dividends to shareholders for a long time once the company achieved profitability. During the growth of the company, only 10% of the annual profit was used for dividends. With the stability and maturity of the business, it will take out more than 30% of the profit and pay dividends to shareholders.
The dividend mechanism is also the main means for the small partner company to draw blood from the shareholding enterprise, and the shareholding enterprise is regarded as a cash cow. After earning cash, it will be used to support other strategic projects of the partner company that require capital investment. (A good event for pie in the sky, cool mobile phones are waiting for you!) Pay attention to ~ point / public account (add friends on WeChat to add an official account and enter dd), participate now! Everyone has a prize, now pay attention to the dd WeChat public account! ļ¼
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