Rebirth: I have Monopoly System
Chapter 289 284: Selling Galaxy Network SharesDecember 25th.
Because he had promised to spend Christmas with Bai Yue in Capital City, Wu Yun had Li Qiuliang reschedule Little Red Car's monthly meeting an hour earlier.
From the 25th of last month to the 24th of this month, Little Red Car had deployed 1.2 million new bikes.
The five original key cities each received 150,000 new bikes, while the other ten provincial capitals evenly split the remaining 450,000.
Of course, likely due to a combination of inclement weather and the emergence of new shared-bike companies in various regions, Little Red Car's new user registrations were somewhat affected, even though the number of bikes deployed by competitors was small.
By the 24th, Little Red Car had gained 8.5 million new users.
Even with these minor setbacks, Little Red Car's position as the dominant market leader remained unshakable.
After listening to the data report at the Little Red Car meeting, Wu Yun didn't even have time to hear the plans for the next month before rushing off to Galaxy Network.
A few days ago, Galaxy Network had completed the transfer of Wu Yun's shares, and Tencent's investment and M&A department had successfully finished their due diligence.
"President Li! Welcome! I didn't expect you to come in person!" Wu Yun said with a smile, shaking Li Chaohui's hand.
Li Chaohui beamed. "President Wu, President Ma himself specifically instructed us to take your project seriously. Although the investment amount isn't massive this time, the potential of Honor of Kings, combined with your personal influence, makes it well worth the trip."
"You should know, our internal evaluation of this project is to go all-in. So, it all comes down to you, President Wu. How much equity are you willing to sell, or how much financing are you willing to accept?" Getting down to brass tacks, the businessman in Li Chaohui emerged.
After the due diligence was complete, Li Chaohui had asked if Wu Yun would consider letting Tencent publish Honor of Kings. Wu Yun had rejected the idea without a second thought, replying, "Publishing is off the table, but I'm open to discussing equity."
Steam rose from the teacups in the large conference room, but the room was anything but cold. The central air was blasting, and the attendees who had just arrived quickly began to feel warm, shedding their jackets.
"President Wu, let me start with our proposed valuation and terms." Li Chaohui sat up straight and opened the folder in front of him. "Since your project is still untested by the market—it's merely a finished product at this stage—we've based our numbers on your company's registered capital and our own internal projections. We're proposing a valuation of 200 million Huaxia Coin, and Tencent wants a 40% stake."
Wu Yun's expression remained neutral. "President Li, please lay out your terms first."
Li Chaohui nodded and smiled. "If you agree to our stake, Tencent can provide a direct pipeline of new users from WeChat and QQ. Our preliminary vision is..."
A war of words ensued for several minutes. Because Wu Yun had already set his bottom line, the Galaxy Network team held their ground firmly on major points like the equity split.
After three or four rounds of tea refills, both parties finally reached an agreement.
Galaxy Network was valued at 250 million Huaxia Coin. Tencent would pay 75 million to acquire a 30% stake from Nirvana Investment.
The final equity structure was 60% for Nirvana Investment, 30% for Tencent, and a 10% equity pool.
As for the terms, they were also finalized. Galaxy Network would open its API, allowing users to register for an *Honor of Kings* account directly with their QQ or WeChat ID, in addition to standard mobile number registration and a guest mode.
Galaxy Network's *Honor of Kings* would no longer be segregated into separate WeChat and QQ servers as it had been in his previous life; instead, all players would be on one unified server.
Once the contracts were signed, Wu Yun and Li Chaohui turned to the cameras, smiling as they shook hands.
The dust had settled. It was already past one in the afternoon, and the attendees were all famished.
"Everyone, we've reserved a table at Yiran Residence downstairs for some dry pot. I invite you all to come and try a specialty of our Sichuan province!"
They had just sat down, and the dry pot had yet to be served.
Li Chaohui suddenly remembered something. "President Wu, have you been in touch with President Peng Zhijian recently?"
Wu Yun unwrapped his sanitized cutlery set, tossing the plastic into a nearby trash bin. "We've been in touch once or twice," he said, "but President Peng seemed busy, so we didn't talk for long."
Li Chaohui chuckled. "Of course he's busy! He's busy setting up his own investment firm!"
Wu Yun feigned surprise. "His own investment firm!? President Peng is striking out on his own!?"
Li Chaohui also began unwrapping his cutlery. "That's right. President Peng started preparing to launch his own firm at the beginning of the month, so he's been gradually transitioning his responsibilities over to me. The handover is pretty much complete now, and I'll be taking over as the General Manager of the Investment and M&A Department."
"President Peng will officially resign on January 1st, 2015, and their firm, Yuan Sheng Capital, should open for business in January as well. I expect you'll receive an invitation from him the day he resigns, President Wu."
Li Chaohui's next words made Wu Yun laugh. "President Wu, when your companies need their next round of financing, remember to consider us first. Don't let Old Peng poach you!"
"Haha! Let's be honest, I'll always choose the investor who brings the most resources to the table!"
When the dry pot arrived, Wu Yun gestured to everyone at the table. "Don't just stare at it! Dig in and try this dry pot with spare ribs! I figured some of you might not handle spice well, so I also ordered savory duck feet with sticky rice."
Li Chaohui and his team stared at the mountain of dark red chili peppers swimming in crimson oil and gulped. Li Chaohui was suddenly reminded of the many ads for proctology clinics he had seen all over Rongcheng.
Wu Yun was starting to regret cramming everything into a single day.
After the meal, Wu Yun asked Wang Chao and Qi Fei to host Li Chaohui and his team while he got into his private car and rushed to Kunpeng Games.
Wu Yun placed great importance on what he considered to be his future goose that laid the golden eggs.
In truth, Wu Yun didn't really need to be there; after all, everything for the launch of *PlayerUnknown's Battlegrounds* had already been properly arranged.
Although Wu Yun wasn't a frequent visitor to the office, he played the game constantly, which meant he was intimately familiar with the progress and issues of *PlayerUnknown's Battlegrounds*.
"We're set for a global launch on New Year's Day. Any other issues?" Wu Yun asked Ling Yi and Lu Changsheng after glancing at the report on his desk.
Ling Yi smiled. "No problems, President Wu! The initial marketing push is complete. All we have to do is hit the launch button on Steam!"
Lu Changsheng added, "President Wu, our anti-cheat measures will be implemented at the same time. We don't expect anyone to be able to crack the game in the early stages, though."
Wu Yun's expression turned serious. "I don't care what it costs, we have to eradicate cheating. Any account we find using hacks gets banned, period. Make that crystal clear in the user agreement."
"Got it! No problem!"
Leaving Kunpeng Games, Wei Wu drove them straight to the airport.
After parking the car, the three of them went through ticketing and headed for the VIP security lane.
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