Only after being reborn did I realize how fascinating the world of the rich is.
Chapter 453 Puyu Group's Ambition and Expansion
After Luo Siqi finished speaking, he clapped for himself. Cui Zhongxian clapped along with him, and the other shareholders joined in.
Luo Siqi continued smugly, "Secondly, what President Zhang just said makes sense. Our Meiyi Media can't keep relying on external purchases of internet film and television copyrights. We need to increase our efforts in producing our own film and television dramas."
As far as I know, Dingdian has invested another billion yuan this year to increase its production of original films and television dramas. I think Meiyi should follow suit and increase its investment as well, so as not to fall behind them.
Le Jiahao, who was standing to the side, said in surprise, "We're going to invest another billion? How much money are we going to invest? It feels like a bottomless pit."
Cui Zhongxian smiled slightly and said in a calm tone, "This is normal. Whether it's Meiyi or Dingdian, they are both internet companies."
The biggest characteristic of internet companies is that they burn money. Whoever can burn money the longest will win, and whoever burns the most money will be the winner.
In fact, besides its flagship company, the Lee Group has also established a group-buying website and recently acquired a drone technology company. These are all money-burning industries that require continuous investment.
We currently only have Meiyi Media, which is much less burdensome than the Li Group. With just a little more effort, Meiyi's membership will surpass its peak this year. Therefore, the final victory will surely belong to us.
In addition, Mr. Luo's media company is preparing to enter the LCD screen market, which is a lucrative opportunity. Anyone interested in investing in it?
Zhang Liang and Le Jiahao exchanged a glance, then lowered their heads and remained silent.
The Zhang Group is still primarily focused on real estate. Zhang Liang's investments outside the company are simply a way for his family to give him some money to gain experience.
The Le's Group had just sold its shares in Architectural Media, so it's impossible for them to invest in it now.
Cui Zhongxian sneered and said arrogantly, "It's fine. If you're not interested, I'll just vote for it myself!"
Upon hearing Cui Zhongxian's words, Luo Siqi's face revealed a rather awkward and unpleasant smile.
He founded the company, Architectural Media, but after a period of glory, it stagnated, especially after the 08 financial crisis, which dealt it a fatal blow.
Although Gage Media is a large-scale advertising company in China, no matter how large it is, it is still just a traditional advertising company.
The competition in this field is fierce and highly competitive, which is why the later development of the company lacked momentum.
Meanwhile, Wanzhong Media, a subsidiary of the Li Group, has seen its performance rise year by year since Li Xiaofeng forcibly acquired it. Its profit margin is also much higher than that of Jige Media, and its stock price has soared.
It's obvious to anyone with eyes to see that LCD screen advertising is far more effective and profitable than traditional advertising.
However, LCD screen advertising companies are considered capital-intensive companies, requiring a large investment in purchasing LCD screens, and subsequently incurring considerable maintenance costs.
Most advertising companies are shell companies, and even their own offices are mostly rented. They simply don't have the resources to produce LCD screens.
Kopuyu Group is a multinational conglomerate from Korea with abundant capital; they can definitely afford to play this game.
However, this may not be good news for the Luo family. Once Puyu Group injects a large amount of capital into the company, the controlling stake will fall into the hands of Puyu Group.
However, Luo Siqi had no choice. A large portion of the funds for his investment company came from Puyu Group, which was his backer. He couldn't stop his backer from doing whatever he wanted.
Moreover, since Gage Media is currently barely surviving, it really needs to find a brighter direction for development. If Gage Media develops, it will also benefit the Luo family.
Cui Zhongxian understood Luo Siqi's concerns and smiled as he said, "President Luo, you don't need to worry. No matter what changes occur in the shareholding ratio, you are in charge of Gage Media, and the company's management will remain unchanged."
For multinational corporations like Puyu Group, as long as the company's development meets their needs, whether or not they directly control it is not very important. After all, major changes in the company's management often have an adverse impact on the company.
"Thank you very much for your trust and support, Mr. Cui. I believe that with your support, Gear Media will definitely get better and better in the future!" Luo Siqi quickly flattered with a smile.
After giving him a slight nod, Cui Zhongxian said confidently, "Now let's get back to Meiyi. President Luo is right, Meiyi needs to continue to increase its investment."
Since the top-tier side has invested another billion, we need to invest another two billion.
Zhang Liang tentatively asked, "Is the valuation for this investment the same as last year?"
"Of course it's different. It definitely needs to be re-evaluated. After all, the company has grown significantly this year, and my goal is to go public on Nasdaq within five years."
Luo Siqi then stepped forward and echoed, "President Zhang, there's no need to say too much about this. We can't just think about taking advantage of the company. If the company's valuation doesn't go up, how can the company develop and how can it go public in the future?"
Everyone is in the same boat; all investments are based on the new valuation. The earlier you invest, the more profitable it is, and the higher the future returns will be. Once the company goes public, these investments today will yield at least ten times the return.
Cui Zhongxian glanced at everyone and said with confidence and arrogance, "The amount of this round of financing is 2 billion yuan, and our Puyu Group will take 1 billion yuan."
"As for the remaining billion, if you're interested, you can invest as well. If you don't want to invest, that's fine too; our Puyu Group will cover it all."
For Puyu Group, investing in Meiyi Media is a worthwhile investment. Korea is a peninsula with a small population and a small market, so it must rely on a large market like China to have room for development.
After investing in Meiyi Media and gaining control of the narrative, they can continuously supply Meiyi Media with their surplus artists, gaining substantial additional revenue and siphoning off a large portion of Meiyi Media's profits—essentially transferring money from one hand to the other.
Zhang Liang and Le Jiahao were in an awkward position, as they had already invested a considerable amount of money in it.
If they stop investing, their voice will diminish, and they will eventually be ousted from the board. But asking them to invest feels like a bad deal, as the company's continuous losses make them very uneasy.
In the end, neither Zhang Liang nor Le Jiahao made a statement, asking Cui Zhongxian to give them some time to consider.
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