Crazy Entertainment System

Chapter 103 Billion-Dollar Loan

"Besides, didn't you shout at the CCTV Young Singers Competition, 'My name is Chen Yu, and I speak for myself'? Is this how you speak for yourself?!"

Hearing Gao Feiyan's sarcastic words, Chen Yu was powerless to refute them. After all, she had said from the beginning that she was the one who provided the idea for this story!

Oh well, I'll just do the endorsement. It's not a big deal anyway.

At most, I'll get flamed by some unscrupulous trolls.

“Alright, you win. Endorsement is fine. I’ll produce an animated ad later, and you can give it to these companies. But the price for the animation will depend on the market!” Chen Yu nodded and compromised.

"That's natural. If the product is well-received, the price will naturally increase. That's called hoarding rare goods. I'm not stupid!" Gao Feiyan said calmly.

"You know that's good. Let's get down to business. I'm here today because I have good news. I've developed three social games: Happy Farm, Happy Ranch, and Parking Wars."

"These three games can help the company rake in hundreds of millions in a short time, no problem!" Chen Yu estimated and said.

"A social game that makes hundreds of millions?! Are you sure you're not kidding me?!" Gao Feiyan's first reaction was that Chen Yu was joking with her. How could a social game possibly make hundreds of millions?

"Same old rule, let the market speak for itself. I have a rough plan for this game. Have your company come up with a detailed marketing plan. The game is ready, and it will be launched at midnight tonight."

"I checked our registered users, and it seems like we have as many as 8000 million?!" Chen Yu suddenly remembered that he had checked Weibo's domestic users last night.

"Yes, not only domestically, but also internationally, we have established branches in thirty developed countries in Europe and America. However, the companies have just been registered and the hardware and other facilities are still being set up."

The service will officially launch in twelve countries, including the United States, Russia, the United Kingdom, and Italy, on Valentine's Day, February 14.

All the money was obtained through loans.

Because we have great potential and a huge user base, the bank loaned us 7.8 million yuan.

The interest rate plus the application for national policy support is 2.8%.

“We have to pay 2148 million in interest every year!” Gao Feiyan said.

"You didn't even tell me you took out such a large loan?!" Chen Yu stared at Gao Feiyan in astonishment, his heart filled with extreme anger. How dare she!

"Didn't you say you handed the company over to me to manage? Besides, you asked the company to develop overseas markets, but how am I supposed to expand without money? You don't allow financing, and every time I ask you for money, the ten or twenty million you give me is simply not enough."

They use US dollars abroad; 780 million is only 115 million US dollars.

If 100 million US dollars is divided among 30 countries, that averages out to only 4 million US dollars per country. This is far from sufficient for an internet company.

"If you're really angry and think I've overstepped my bounds, there's nothing I can do!" Gao Feiyan was also angry. Chen Yu was completely disregarding market logic. How could a company develop without funding? Moreover, the internet industry requires constant market expansion and user acquisition.

"I was just saying that," Chen Yu wanted to say, but he swallowed the rest of his words.

He knew that saying those words would hurt Gao Feiyan's feelings, and that Gao Feiyan's words also made sense.

"I don't think you've crossed the line, but don't you think you need to inform me about this kind of thing?!" Chen Yu asked coldly, his anger almost uncontrollable.

"And I'm giving you the greatest power and the biggest stage, but that doesn't mean you can take out such a large loan without even reporting it to me. Do you understand?!" Chen Yu said coldly.

“It was my fault for not informing you, and I apologize for that. I have no complaints if you fire me,” Gao Feiyan sighed.

She knew that not informing them was indeed a bit much.

However, things were urgent at the time; various projects were expanding and required funds, but Chen Yu didn't have the money. He had no choice but to seek a bank loan.

Super giants like Tencent and Baidu were willing to pay, but Chen Yu refused.

"I'll deduct three months' salary from your paycheck, and your year-end bonus is gone. Also, your stock dividends will be suspended for one quarter. If this happens again, you can leave. I don't need people who don't know their place." Chen Yu took a deep breath and stared at Gao Feiyan.

He acknowledged that Gao Feiyan was indeed very capable, but this kind of behavior must never happen again.

Moreover, he had already begun to think about finding a few people who could replace Gao Feiyan, to give her a sense of pressure and restraint.

Everything is because we have no one to help us!

We can't let her continue doing such reckless things; it's too dangerous.

Otherwise, the company will completely slip out of his control in the future.

"Okay!" Gao Feiyan nodded in acceptance.

After all, one must be punished for doing something wrong.

Chen Yu's punishment wasn't severe. In a large international company, she would have been fired, or even taken to court.

She was too careless and made such a mistake.

"Yes, I don't want this to happen again. I admire your abilities, Sister Feiyan, but I hope you won't let me down," Chen Yu said.

"I will!" At this moment, Gao Feiyan sensed the complex emotions Chen Yu had for her.

"Weibo's development can learn from b. I heard from a friend that something called b appeared in the United States, starting with campus invasion."

Chen Yu searched online and found that a b had also appeared in the United States.

It just happened in August of this year.

The founder of Earth's B is Mark Zuckerberg.

The founder here also has this name.

The difference is that he is a student at the University of Massachusetts and previously graduated from Azriel High School. Initially, registration on the website was limited to students of Massachusetts College. Within the next two months, registration expanded to other colleges and universities in the Boston area.

Currently, Boston College SN, Boston University SNNR, Harvard Institute of Technology, Turforth University SS, as well as the University of Rochester SR, Stanford NR, New York University, Northwestern University, and all the Ivy League schools have just begun to enter.

Unlike in China, registration abroad requires real-name authentication, which is much stricter than in other countries.

Moreover, the primary account registered was not a mobile phone number, but an email address, because email is the most popular form of communication abroad.

The phone is secondary.

However, for the sake of uniformity, regardless of the registration method, everyone will eventually have a 10-digit Weibo account, just like usual.

While overseas microblogs are certainly not the same as those in China, they are generally similar.

Chen Yu, on a whim, requested that the system be optimized to combine B and Weibo.

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