Chapter 191: iQIYI cancels membership!

Compared with the more concentrated office environment of some companies, the office areas of Jiuri Technology, Mountain Bear Breeding and Jiuri Battery are all partition offices with strong privacy, with a maximum of 3 employees in each office, an area of about 50 square meters, sofas, coffee tables, TVs, water dispensers, coffee machines, bookcases and other furniture and household appliances.

If it is a team leader, there is a separate office above the team leader, and the space is larger.

In terms of office environment, Xiong Xu has done them to the extreme, trying to let employees do things in a comfortable and spacious space.

It was not the first time Xiong Xu had come, he walked on the promenade covered with expensive carpets and walked almost a few dozen meters to his office.

Chairman Xiong's office

The chairman's office is the largest office in the company, about 200 square meters, the furniture is made of top wood, and the carpet on the floor is a luxury Persian carpet.

There is a built-in study and a lounge in the office, and there is also an office like this one at the Mountain Bear Breeding Company.

Xiong Xu has two large luxury offices of his own.

At the coffee table in the office, two middle-aged men are sitting on solid wood red chairs drinking tea, it is Guo Lei, the former chairman and general manager of iQiyi, and Zhang Yihong, chairman of Baidu.

Xiong Xu came here to see them.

"Dong Xiong."

"Hello Dong Xiong."

Seeing Xiong Xu coming over, the two immediately got up and walked towards Xiong Xu, shaking hands with Xiong Xu with a smile on their faces.

"Haha, I saw you all on TV before, but this time I was a little excited to see a real person." Xiong Xu watched the two laugh heartily, and there was an indescribable taste in his heart.

How to say it.

When they were the big guys.

Xiong Xu was just a poor college student.

And now, Xiong Xuguan is in the right place, holding two major industries of breeding and batteries, and in terms of wealth, he is already the richest man in China, and these two bigwigs have also become their own 'vassals'.

There is quite a kind of 30 years in the east of the river and 30 years in the west of the river.

"Where, it's us who are excited, Xiong Dong is young, he has become a career, and we are all old." Zhang Yihong didn't know whether it was deliberately touted or from the heart.

It's a nice thing to say.

Guo Lei also nodded again and again in agreement with Zhang Yihong.

"Needless to say, we're going both ways." Xiong Xu laughed.

Zhang Yihong and Guo Lei also laughed along.

After a few simple polite words, Xiong Xu beckoned Zhang Yihong and Guo Lei to take a seat, and soon after taking a seat, Sun Zecheng also came over, and the four of them sat at the coffee table and drank tea together.

"Did the headquarters move go well?"

Xiong Xu drank a cup of tea and asked about the relocation of the headquarters.

"It's going well, I'm transferring office equipment to Shanxiong Town, and I'm preparing to move one department at a time, and it's expected to complete the relocation of the headquarters in April this year." Zhang Yihong replied.

Guo Lei also replied: "We are similar, but we have to hurry up and complete the relocation before the end of February." ”

Compared with Baidu, iQIYI is relatively small in scale, so the relocation speed is also fast.

Xiong Xu nodded with satisfaction.

"iQiyi still has a debt of 37.442 billion yuan, right?"

Xiong Xu looked at Guo Lei.

Guo Lei lifted the glasses on the bridge of his nose, nodded and said, "Yes, most of them are interest-bearing bonds issued by the company to the market, and some of them are bank loans." ”

"Well, when iQiyi relocates over, I will arrange for the mountain bear breeding company to pay dividends, and at that time, I will directly pay 50 billion through the parent company of Jiuri Technology, part of which will be used to repay debts, and part of it will be used for the daily operation of the company."

After the acquisition of iQiyi and Baidu, there are more than 40 billion cash left in the working capital of Jiuri Technology, so it needs the cash king of Mountain Bear to pay dividends, and then invest the dividend money in iQiyi on the ninth day.

Guo Lei showed a richer smile on his face when he heard this, as the founder of iQiyi, now seeing that iQiyi is now backed by the big tree of Jiuri and has strong financial background support, he can't help but feel happy for iQiyi from the bottom of his heart.

"iQIYI wants to change its operating model and change its operating mode." Xiong Xu then said.

"Another one?" Guo Lei looked at Xiong Xu with curiosity in his eyes.

Zhang Yihong also wanted to hear Xiong Xu's high opinions.

Sun Zecheng knew Xiong Xu's thoughts, but he didn't say anything and watched quietly.

"When iQiyi completes the relocation, the membership system will be canceled, and all movies and TV series will be provided to users for free, including video picture definition, and users can choose more picture clarity for free."

Xiong Xu explained his own way of operating.

Guo Lei and Zhang Yihong were stunned.

Gratis?

Cancel the membership system, what does iQiyi eat and drink?

You must know that iQiyi's annual revenue is nearly 30 billion, and 90% of its revenue comes from membership fees, which has been canceled, and at least 25 billion has been lost!

250 to cancel the membership!

Xiong Xu is two hundred and five?

Guo Lei and Zhang Yihong only dared to think about it in their hearts, but they didn't dare to say it.

"Chairman, membership fees are our main way of revenue, and if it is canceled, we will have no revenue." Guo Lei said with an embarrassed face.

Xiong Xu said disapprerovingly: "It doesn't matter if you don't have revenue, how much you lose every year, you can make up for it on the ninth day." ”

Guo Lei: "....."

Zhang Yihong: "....."

Very speechless.

That is, the nine days of wealth dare to play like this.

"Actually, Xiong Dong, I think you can consider this, for example, iQiyi will carry out a software upgrade, remove ads on any interface of iQiyi, and even don't want open screen ads."

"iQIYI's main interface has an advertising panel, as long as everyone clicks in to watch a one-minute video, you can enjoy a day of ad-free mode, and all movies and TV series are free."

"In this mode,Users only lose a minute,You can enjoy membership,I think there will be a lot of minors who can't afford to open a member,Or adults who are reluctant to open a membership will choose to download iQiyi,Use iQiyi。

"At that time, the number of iQiyi users will rise sharply, and the number of times you watch advertisements will also rise, maybe we will still lose, but not much, what about users, and we will also get benefits."

Sun Zecheng talked eloquently at this time and gave a suggestion.

Xiong Xu thought it was very good when he heard it, so he asked Guo Lei, "What do you think of Mr. Guo?" ”

"Okay, let's try."

Guo Lei agreed without much hesitation, thinking that it was better than pure free, at least with advertising revenue.

"iQIYI can invest more in movies and TV series in the future, the investment I am talking about is not just investing money, but inviting directors, actors, scripts, and making more high-quality, high-level movies and TV series, and you can also try to develop the downstream industry chain."

Since Xiong Xu has acquired iQiyi, he must not let iQiyi be mediocre, Xiong Xu, who is used to being the first, also hopes that iQiyi can become a first-class film and television industry in the country and even the world, and create a Chinese version of Hollywood.