Top of the big era

That morning, Xu Baihui called Zhou Buqi and told him that she had something to ask him to come over.

There was no way, Zhou Buqi was the big boss elsewhere, but he still had to be obedient in front of the devil Xu Baihui. It doesn't matter if you go there, you have to talk to her about Tang Yixin.

After passing by, Xu Baihui took the initiative and said with a smile: "Boss Zhou, how is Xiao Tang?"

Zhou Buqi snorted, "Why did you arrange for her to live in my house?"

Xu Baihui said: "She is a foreigner and has just entered the industry with little money. The company will arrange accommodation for her. Isn't this right?"

"That's my house! Acting wildly!"

Zhou Buqi snorted coldly.

Xu Baihui didn't give in at all. She gritted her teeth and said, "Young Master is here and there are no outsiders. Why are you pretending? I've already slept with you. What's wrong with living in your house?"

"Ahem..." Zhou Buqi's momentum suddenly weakened, "Then you can't just lend my house to others without saying hello, right?"

"Why are you so casual?" Xu Baihui said plausibly and confidently, "I don't know you yet? When I signed Tang Yixin in, I just thought she would definitely suit your taste. How about it? When we first meet, why don't you go upstairs... …”

"Definitely!"

Zhou Buqi quickly interrupted her.

Xu Baihui smiled and said proudly: "I caught your preferences and arranged them for you in advance. Those two apartments are so high-end, and they are empty. Isn't it a waste? It just so happens that Tang Yixin lives in one. Jiang Shuying will live in the same house and let them be neighbors."

"Jiang Shuying?"

"I'm going back to China next year. Then she will sign a contract with me and come to Beijing for development. Don't you want to arrange a house for her? You can't think of it, but I have to arrange it for you, right?"

"thank you!"

Zhou Buqi really couldn't do anything to her.

Xu Baihui smiled and said: "You're welcome. Don't you know how good my sister is to you? When Zhang Yuqi lived there before, didn't you want to find a neighbor for her, but you never found one. Now it's okay, I I've arranged it for you. Let Tang Yixin and Jiang Shuying be neighbors. Then you can go upstairs, okay..."

"Okay," Zhou Buqi interrupted her with a black line on his forehead, "You came to me in such a hurry just because of this? Then I'm leaving!"

Xu Baihui rolled her eyes, "You can really pretend!"

Zhou Buqi said with a serious face, "I'm not the kind of person you think."

Xu Baihui curled her lips and said, "Anyway, I did you a big favor, so you have to help me again."

"What help?"

"I'm going to meet a few people later, you come with me."

"Who? Official?"

"No." Xu Baihui shook her head, "Damai.com, do you know?"

Zhou Buqi looked suspicious, "I don't know, what's wrong?"

Xu Baihui said: "Damai.com is Douban's competitor."

"Movie review website?"

"No, it's a ticketing website. Douban also has a ticketing system. But Douban's coverage is too narrow. Damai.com is more comprehensive. In addition to movie tickets, there are also concerts, plays, musicals, cross talk, and stage plays. You can also buy tickets for sports events. Now the Chinese Super League seems to be gaining momentum, and big capital is entering the market."

"That's needless to say, even I entered the venue..." Zhou Buqi waved his hand, a little surprised, "No, why are you meeting with the people from Damai.com?"

Xu Baihui said: "I want to acquire Damai.com."

"What?" Zhou Buqi's eyes widened and he was a little surprised, "If you don't do a good job in the entertainment industry, why do you want to do the Internet? We have a division of labor!"

Xu Baihui said: "The core of the ticketing website is movie tickets, which is also a part of the entertainment industry. Moreover, Damai.com is so popular. It was rated as one of the top ten shopping websites a few years ago. Winning Damai.com is equivalent to letting the Douban has lost a major competitor."

Zhou Buqi doesn't want to do this, "Don't look at me carelessly! Even if Douban can't compete in the future, can Ziweixing directly acquire Damai.com?"

Xu Baihui pursed her lips, not satisfied, "Boss Zhou, Ziweixing is your company, and Jieyu Media is also your company, okay? You can't be too partial. Give it to Ziweixing whenever you get any benefits."

Zhou Buqi was angry and funny, "Is this biased or not? Ziweixing is an Internet company. Ziweixing acquired Damai.com and then merged it with Douban's ticketing system. This is the best solution, with the lowest cost and efficiency." Highest."

"You're not right."

Xu Baihui shook her head with a solemn expression.

Zhou Buqi laughed, "What's wrong?"

Xu Baihui said: "From the perspective of business, efficiency and cash flow, Ziweixing's acquisition of Damai.com is indeed the best solution. However, capital can be leveraged. From a PE perspective, Jieyu Media will do this. Create more wealth!"

"Well……"

Zhou Buqi was choked.

I go!

What a Xu Baihui!

This is a transformation from entrepreneurs to capitalists!

Indeed, in half a year, Jieyu Media will be listed on the Hong Kong stock market. The market value after listing is mainly affected by two factors: one is net profit and the other is PE.

Market capitalization = profit times PE.

If you want to push up the market value, one is to increase profits, and the other is to push up PE.

It is too difficult to make profits bigger.

In comparison, it is relatively easy to increase PE. This mainly depends on market confidence.

Many times, just stand up and shout a few slogans, or make a PPT and hold a press conference. The market will believe it and scream. Even if profits do not increase, the stock price can soar all the way up on a rocket.

If Jieyu Media was only engaged in the entertainment industry, which is relatively traditional, the PE given by the market would not be too high, 25 times would be enough.

However, if Jieyu Media is linked to the Internet, it will be great. With the background blessing of the Internet, it will be wildly sought after by the market, and it is very likely to increase the PE to 50 times all the way.

In other words, the current valuation of Jieyu Media’s internal original stock allocation is HK$80 billion. Once it acquires Damai.com and claims to enter the Internet entertainment industry, the market value is likely to soar to HK$160 billion.

The effect is immediate.

The capital wealth created in this way is far greater than the acquisition of Damai.com by Ziweixing. Given the size and size of Ziweixing, if Ziweixing acquires Damai.com, it will hardly see any increase in capital wealth.

Seeing that Boss Zhou was silent, Xu Baihui said with reason: "After Jieyu Media is listed, it will be able to raise at least 10 billion Hong Kong dollars. Such a large amount of money cannot be placed in the bank, right? It is also irresponsible to shareholders. It just so happens that the Internet is so popular right now, and developing appropriately towards the Internet is also a way out."

Zhou Buqi was silent for a long time, then slowly said: "When it comes to running a business, is it better to keep your feet on the ground?"

"Then why go public? Jieyu Media is not short of money at all!"

Xu Baihui simply disagreed with him.

Zhou Buqi said: "That's what I say, but after all, it's better not to be too arrogant and pay more attention to long-term value. This kind of gameplay of targeting the Internet to raise PE is too short-term."

"Short-term is short-term." Xu Baihui glanced at him, "Boss Zhou, you are the big boss, don't stand and talk without hurting your back!"

Zhou Buqi said angrily: "Why don't my back hurt?"

Xu Baihui said: "People like the Ten School Entrepreneurship Alliance are still earning dead wages."

Aren't there still dividends? Ziweixing paid them in the beginning, and Yuanwei Group has also paid dividends in recent years.

"How much is that?"

"Um."

Zhou Buqi nodded. Yuanwei Group has been paying dividends every year in the past few years, but the amount distributed to each person is only a few million. You can live a life far beyond that of ordinary people, but it is still far from the standards of a rich man.

I have stocks worth billions in my hands, but my quality of life has not changed much.

Xu Baihui said softly: "Jieyu Media and Yuanwei Group are the first batch of listed companies in our Ten School Entrepreneurship Alliance. After listing, we must provide them with opportunities to cash out. Since they want to cash out, of course the higher the stock price, the better. The hotter the market, the better. Yuanwei Group has little room for expansion in PE, and Jieyu Media can shoulder this responsibility."

Zhou Buqi's anger disappeared immediately, and he felt that what she said made sense.

Indeed, the veterans of the Ten School Entrepreneurship Alliance should be provided with a large-scale cash-out opportunity, so that they can truly exchange cash to achieve financial freedom, rather than paper wealth.

Boss Zhou cannot afford to fly private jets all over the world every day, enjoying luxury estates, private yachts, and private islands, while other entrepreneurial partners don't even have the funds to go to Dubai for vacation.

Sure enough, women are still careful.

It was indeed a lack of consideration.

Xu Baihui said seriously: "Boss Zhou, the current internal valuation of Jieyu Media is HK$80 billion. But outsiders don't know, don't we still know? Can Jieyu Media really support such a high market value? Why is the valuation so high? Gao, the platter investment business in Hollywood is booming this year, especially the investment in "Avatar", which has now accounted for US$440 million. You said you want to pursue long-term value, but how to pursue long-term value in the platter investment business? Over there in Hollywood The financing method of platter investment is no longer very popular. The business lacks sustainability.”

Zhou Buqi took a deep look at her, feeling more and more that she had made great progress, and said with deep approval: "Yes, the platter investment business is unsustainable, and the Hollywood film industry model has changed. As I said, We need to develop in the direction of inertia, popcorn, family fun, and special effects. The future will be sequel blockbusters, with only debt financing and no equity financing."

To be precise, Zhou Buqi's words refer to Hollywood blockbusters.

With the development and advancement of science and technology, and the application of 3D, Dolby, IMAX and other technologies, the model of Hollywood blockbusters has undergone great changes. The role of "inertia" has become more and more important. Basically, sequels are being made, all kinds of sequels.

For example, "Top Gun" was once very popular, and if we make another "Top Gun 2" decades later, there is a high probability of success. This is an event with a high probability of success. The film studio does not need to use the platter investment model to raise equity financing, but can directly borrow money to film the film in the form of debt.

However, this does not mean that platter investing will completely disappear.

It will mainly be aimed at those low- and medium-cost Hollywood movies, as well as new categories of Hollywood blockbusters without "inertia" endorsement... This is very unfriendly to investors.

Small and medium-budget movies cannot make big money, and new types of Hollywood blockbusters are too risky.

In short, the platter investment business that currently supports Jieyu Media’s largest source of profit has no guarantee in the future. This means that Jieyu Media’s stock price is not guaranteed in the future. The so-called long-term value is out of the question.