I was reborn and stayed in school to lie down. I really don’t want to roll anymore!

He Wenhao arrived very quickly. In just two minutes, he was already at the office.

"Mr. Jiang."

Nodding to signal the other party to sit down, Jiang Hao went straight to the point.

“What business cooperation is difficult?”

...

"Well... things are not going well at the cinema, so we may have to change our original strategy."

He Wenhao looked a little ashamed. Ever since his first investment in Mango TV, his subsequent investments in gaming companies have been relatively smooth.

It’s a pity that the game company didn’t produce results so quickly, but who would have thought that the game science company that Mr. Jiang invested in a few years ago suddenly became a big hit.

After watching the promotional CG of "Black Myth", He Wenhao felt a little embarrassed.

He found that the game company he invested in seemed to have no potential at all compared to Game Science.

It seems that the hard research and investment are not as good as Mr. Jiang’s casual investment.

This made him prepare to perform well and make achievements in his recent investments in film, television and entertainment, hoping to impress President Jiang.

But after actually getting involved, he found that investing in this industry was more difficult than he had imagined.

“Wanda Pictures doesn’t want to sell it, right?”

...

"Ah."

He Wenhao's voice became much lower.

I thought that the physical industry is going downhill nowadays, and more and more companies in the construction and real estate industry are going bankrupt.

There are a lot of news about Wanda on the Internet, and it is true that it has a lot of debt.

He thought it would be easy to negotiate the acquisition of Wanda Cinemas, but he was rejected. The other party refused to sell and there was no room for discussion on the acquisition.

Jiang Hao had anticipated this. The Ren Cinema had already been fully integrated. As the largest cinema in the country, how could it be sold just because of a premium?

Moreover, Wanda had a strong financial foundation in the past, but it is only just beginning now!

It's okay for He Wenhao to encounter some setbacks. In the past, he has been investing in small businesses in the angel and A rounds, but he has no experience in investing between large companies.

This can be considered as Jiang Hao's training of him, and he is quite experienced in this area.

"What about investing? The other party is not happy about it?"

...

"The attitude towards investing has softened a lot. We were able to negotiate at the beginning, but the price they asked was too high."

"And halfway through the conversation, he suddenly became determined not to talk about it anymore."

Jiang Hao nodded silently, it must be because the senior management or Mr. Wang disagreed.

After all, the cinema chains are already in the leading position, have great strategic significance, and are also one of the important publicity resources. There is no need to allow outsiders to invest and intervene.

"It's okay. Taking a stake in the company itself is not our strategy. What about the other companies?"

...

"We couldn't reach an agreement with Hengdian Cinema Line. They were willing to discuss equity investment, but they would not accept acquisition. At the same time, they also wanted our Haijing platform to provide a large amount of resources."

"As for Dadi Cinemas, the problem of tight capital chain when they acquired a medium-sized cinema chain two years ago has now been alleviated."

"The situation is roughly the same as that of Hengdian Cinema. We don't accept acquisitions, but we are open to discussions about equity investment."

The more He Wenhao spoke, the softer his voice became, and the more ashamed he looked.

"Don't worry. I actually expected this to happen. You were more optimistic at the time and thought you could always negotiate with another company."

"Let's proceed as planned. Let's see if there are any suitable small or medium-sized cinemas. We can take our time!"

Jiang Hao had long thought that Haijing Technology would now spread throughout the industry.

But most traditional industries are actually stable, the top companies are well-entrenched, and the market has long been saturated.

No matter how great the influence of Haijing is, they will not underestimate you.

If you want to enter the market, you either have to pay more resources to buy an entry ticket, or start from scratch, or at most develop from the middle.

"Mr. Jiang... there are suitable ones, but this will hinder the company's development strategy and will be much slower..."

...

"So I told you not to worry!"

"Even if you want to buy it but they won't sell it, there's nothing you can do!"

"As for the company's development strategy, in the entertainment and film sector, we will go slow. After acquiring the cinema chain, we will try to invest in a few movies to see if we can activate and develop the entire sector."

Haijing Technology originally set a very radical target based on He Wenhao's optimistic attitude.

Acquire one of the top cinema chains, preferably Wanda Cinemas.

Afterwards, Haijing Technology developed a ticketing APP, and later cooperated with Meituan to move the ticketing APP closer to Maoyan and Taopiaopiao.

Cooperating with the film and television companies that produce short dramas, as well as Mango TV, it has gradually developed into a super film and television company that covers TV dramas, variety shows, and even movies.

From film and television production to ticket purchasing channels and the final theater channels, all industry lines have been opened up.

Of course, now that the cinema chains have downgraded their levels, small and medium-sized cinema chains that want to promote their ticketing systems will have to negotiate cooperation with large cinema chains.

At least it would not be possible to accomplish this task relying solely on its own theater chain, and a series of subsequent strategic advancements would have to be postponed.

This is also something He Wenhao feels ashamed of. He feels that his work is not outstanding and he even made major mistakes in judgment.

"Have you ever seen a medium-sized cinema? Buy one first."

This is also the confidence that makes Haijing grow so big today. It does not have to start from scratch when entering an industry.

If we start directly from the middle and leverage the resources of the Haijing platform itself, we can quickly reach the top level in the industry.

As for the top of the industry, it depends on the actual development.

After all, the top companies in the industry are likely to have large capital and large groups behind them, or like Wanda, they are themselves subsidiary businesses of large groups.

"Yes, I have contacted several of them."

"There is a cinema chain called Jiacheng Cinema that is pretty good. The other party is willing to sell all of it, including 39 cinemas and 310 screens in China, Hong Kong, Macau and Taiwan, as well as Singapore."

"Last year, the company's overall revenue was profitable, with a profit of about 3100 million yuan, but except for last year, it has been a loss."

It can be sold as a whole and has some operating qualifications for overseas cinemas, which is a good foundation.

Whether it is a loss or not is not within Jiang Hao’s consideration for the time being. Whether there is potential is his focus.

“How many theaters does this cinema chain have in the country?”

...

"Domestic films account for more than 60%, with a total of 24 theaters and 221 screens."

"And the price they asked for wasn't high. It should be because the real economy has been in a serious downturn recently, so they seem to be eager to get rid of the property."

Jiang Hao was quite interested in the Jiacheng Cinema mentioned by He Wenhao after getting a rough understanding of it.

Although it is far behind the top cinemas in the country, at least the foundation is here.

It is neither too advanced nor too advanced, and it also makes it easier for Haijing Technology employees to learn.

What’s more important is that we were able to acquire the company in full, which will make it much easier to cooperate with Haijing Technology’s strategic development in the future.

"Let's just decide on this one for now. Talk to the other party more."

“It’s mainly to determine whether the other party still has the right to operate in some of its overseas markets after the transfer.”

"Ask Lawyer Dong to take a look. If there is no problem, take it down as soon as possible."