I believe you have seen some recent news. As of now, you have not received any quotations from iQiyi. To be honest, as of the current trend, it is only a matter of time before iQiyi falls behind...
After this time, I may not be interested in iQiyi next time.
Streaming media platforms mainly rely on advertising and VIP membership fees to maintain the operation of the website. It is impossible to make money at this stage. No one can really make money, and the problem is that more losses are lost.
Because Tencent is backed by Penguin, Penguin is responsible for traffic. As long as the traffic is there, there is no need to worry too much about the gains and losses of a city and a county. Relying on the huge profits of the game business, it can compensate for the losses of the streaming media platform, so it is burning money wildly and continuing to maintain its dominant position in the industry.
This money is mainly spent on purchasing copyrights and self-made dramas. As the name suggests, self-made dramas are specially provided for broadcasting on the platform, and they do not consider broadcasting at all, which is commonly known as online dramas.
But unlike previous online dramas, the current online dramas are even far more than most star dramas in lineup and investment.
Of course, those so-called investments are very rich and they do so much accounting...
But the actual investment is hard to say.
Moreover, Tencent is no longer satisfied with online dramas and has begun to invest in movies. It is not only online movies, but also theater movies. It is already one of the largest capital giants in the film and television industry.
Baidu's current size is completely incomparable to penguins, and its annual profit is only 20 to 30 billion yuan. What should I compare with penguins with a profit of over 100 billion yuan?
I always need tens of billions of investment, but I still have to burn money like this every year...
Those investors and shareholders do not buy it, so the stock price has been greatly affected, and even dragged down Baidu's transformation and business expansion.
Now there is a rare high-quality buyer who has really offered a starting price. It is a scam to say that Li Yanhong is not moved...
However, many senior executives and professional managers within the country still sell some shares and wait for the other party to carry the sedan chair and can call, but they will make a profit without losing anyway.
Robin Li thought about it and insisted on his opinion: The valuation of US$7 billion is not high.
Although our investment in iQiyi is not as good as in previous years...
But he still attaches great importance to the development of the entertainment and media industry and does not accept all transfers.
Cai Yanzhi refused without hesitation when she heard this: Since that's the case, then forget it, although LeTV is a little troublesome...
But the troubles that can be solved by spending money is not a problem for me, so that's it.
LeTV's current debt is more than 20 billion...
But there are also many other invisible debts, and the investor and Boss Jia may not be willing to split and take action, so it is very troublesome.
That bastard didn't give up. Anyway, his property has been transferred almost all, and he is a dead pig who is not afraid of boiling water.
Li Yanhong knew some of the situations on LeTV and was surprised that Cai Yanzhi dared to choose LeTV.
However, if the other party really doesn't care about the losses in the accounts, LeTV actually has more potential than iQiyi.
Without it, there are too many copyrights in hand.
The more you go, the more popular these are...
This is also the reason why LeTV can continue to operate normally in installments to repay debts.
Seeing that Cai Yanzhi, who had really given up the acquisition plan and turned to LeTV, Li Yanhong thought it was not good...
But for a moment, I was a little confused.
After all, such acquisition negotiations are a game in themselves, and now it is a seller's market...
They are absolutely dominant in Baidu.
However, Li Yanhong still didn't say anything, and directly asked more: Mr. Cai, what price can you pay for?
A valuation of $13 billion!
iQiyi's performance has been poor before, which eventually led to its listing failure.
The reason is also very simple. It is mainly due to Ye Yu's intrusion, which started the film and television media industry in the mainland in advance, which made iQiyi not able to go public like normal time and space. It was forced to invert the market early, so the valuation has always been low. At its highest time, it was 15 years, and the market valuation exceeded 10 billion US dollars...
But it's just valuation.
Unless you can go public, go to the capital market to tell stories...
But now iQiyi, which has become the second-year-old, competes with Tencent, so even if it successfully IPOs, its market value will not be much higher, at most between 12 billion and 15 billion US dollars.
This is only achieved by continuing to burn money in the future and being able to successfully go public in the United States, which is very difficult.
Moreover, after the IPO, Baidu's shares are not as many as it is now. Even if it is worth 20 billion, Baidu may get less than 10 billion, which is indeed incomparable to Cai Yanzhi's actual US$13 billion...
But this also shows the other party's confidence.
Li Yanhong, who was a little afraid that Cai Yanzhi really chose LeTV, ended up accepting such a wholly-owned acquisition. At least this transaction helped Baidu a lot and could make Baidu's stock price soar directly. It might be a chance to return to the peak and then invest the money in new hot spots such as autonomous driving and artificial intelligence.
Cai Yanzhi didn't plan to do so much at first.
But now time doesn't wait for anyone.
Although LeTV is much cheaper, the copyright is more...
But there is a mess and it’s very troublesome. Why not choose iQiyi...
It is still easy to make funds here once they arrive.
Since iQiyi has won, Cai Yanzhi will definitely not let "The Legend of Jin Yong" be taken down by competitors, so the relevant negotiations have been stopped, not money.
It’s okay for Tang people, Cai Yanzhi and Liu Shishi are the major shareholders...
They have the final say...
Moreover, the Tang people now rely on Ye Yu to prosper their lives, so they naturally won’t do anything randomly.
But Nortel has a lot of opinions.
However, after Ye Yu called and said that Beijing Electric could withdraw its shares, he immediately became quiet. If he really had a fuss, he would be withdrawn from his shares. The only thing that would lose was Beijing Electric.
However, the price outside is so high, and you don’t give it any money here, which is still a bit too much. It will be very unfavorable to iQiyi’s future development in the long run. So the second day after the successful acquisition, Cai Yanzhi called iQiyi’s management to have a meeting.
CEO Gong Yu directly explained: The price of the tuple jump is so high that he plans to build his own streaming media platform and want to get a share of the traffic; and the Tencent, based on the latest news I got here...
They are planning to make an advanced on-demand attempt.
After this time, I may not be interested in iQiyi next time.
Streaming media platforms mainly rely on advertising and VIP membership fees to maintain the operation of the website. It is impossible to make money at this stage. No one can really make money, and the problem is that more losses are lost.
Because Tencent is backed by Penguin, Penguin is responsible for traffic. As long as the traffic is there, there is no need to worry too much about the gains and losses of a city and a county. Relying on the huge profits of the game business, it can compensate for the losses of the streaming media platform, so it is burning money wildly and continuing to maintain its dominant position in the industry.
This money is mainly spent on purchasing copyrights and self-made dramas. As the name suggests, self-made dramas are specially provided for broadcasting on the platform, and they do not consider broadcasting at all, which is commonly known as online dramas.
But unlike previous online dramas, the current online dramas are even far more than most star dramas in lineup and investment.
Of course, those so-called investments are very rich and they do so much accounting...
But the actual investment is hard to say.
Moreover, Tencent is no longer satisfied with online dramas and has begun to invest in movies. It is not only online movies, but also theater movies. It is already one of the largest capital giants in the film and television industry.
Baidu's current size is completely incomparable to penguins, and its annual profit is only 20 to 30 billion yuan. What should I compare with penguins with a profit of over 100 billion yuan?
I always need tens of billions of investment, but I still have to burn money like this every year...
Those investors and shareholders do not buy it, so the stock price has been greatly affected, and even dragged down Baidu's transformation and business expansion.
Now there is a rare high-quality buyer who has really offered a starting price. It is a scam to say that Li Yanhong is not moved...
However, many senior executives and professional managers within the country still sell some shares and wait for the other party to carry the sedan chair and can call, but they will make a profit without losing anyway.
Robin Li thought about it and insisted on his opinion: The valuation of US$7 billion is not high.
Although our investment in iQiyi is not as good as in previous years...
But he still attaches great importance to the development of the entertainment and media industry and does not accept all transfers.
Cai Yanzhi refused without hesitation when she heard this: Since that's the case, then forget it, although LeTV is a little troublesome...
But the troubles that can be solved by spending money is not a problem for me, so that's it.
LeTV's current debt is more than 20 billion...
But there are also many other invisible debts, and the investor and Boss Jia may not be willing to split and take action, so it is very troublesome.
That bastard didn't give up. Anyway, his property has been transferred almost all, and he is a dead pig who is not afraid of boiling water.
Li Yanhong knew some of the situations on LeTV and was surprised that Cai Yanzhi dared to choose LeTV.
However, if the other party really doesn't care about the losses in the accounts, LeTV actually has more potential than iQiyi.
Without it, there are too many copyrights in hand.
The more you go, the more popular these are...
This is also the reason why LeTV can continue to operate normally in installments to repay debts.
Seeing that Cai Yanzhi, who had really given up the acquisition plan and turned to LeTV, Li Yanhong thought it was not good...
But for a moment, I was a little confused.
After all, such acquisition negotiations are a game in themselves, and now it is a seller's market...
They are absolutely dominant in Baidu.
However, Li Yanhong still didn't say anything, and directly asked more: Mr. Cai, what price can you pay for?
A valuation of $13 billion!
iQiyi's performance has been poor before, which eventually led to its listing failure.
The reason is also very simple. It is mainly due to Ye Yu's intrusion, which started the film and television media industry in the mainland in advance, which made iQiyi not able to go public like normal time and space. It was forced to invert the market early, so the valuation has always been low. At its highest time, it was 15 years, and the market valuation exceeded 10 billion US dollars...
But it's just valuation.
Unless you can go public, go to the capital market to tell stories...
But now iQiyi, which has become the second-year-old, competes with Tencent, so even if it successfully IPOs, its market value will not be much higher, at most between 12 billion and 15 billion US dollars.
This is only achieved by continuing to burn money in the future and being able to successfully go public in the United States, which is very difficult.
Moreover, after the IPO, Baidu's shares are not as many as it is now. Even if it is worth 20 billion, Baidu may get less than 10 billion, which is indeed incomparable to Cai Yanzhi's actual US$13 billion...
But this also shows the other party's confidence.
Li Yanhong, who was a little afraid that Cai Yanzhi really chose LeTV, ended up accepting such a wholly-owned acquisition. At least this transaction helped Baidu a lot and could make Baidu's stock price soar directly. It might be a chance to return to the peak and then invest the money in new hot spots such as autonomous driving and artificial intelligence.
Cai Yanzhi didn't plan to do so much at first.
But now time doesn't wait for anyone.
Although LeTV is much cheaper, the copyright is more...
But there is a mess and it’s very troublesome. Why not choose iQiyi...
It is still easy to make funds here once they arrive.
Since iQiyi has won, Cai Yanzhi will definitely not let "The Legend of Jin Yong" be taken down by competitors, so the relevant negotiations have been stopped, not money.
It’s okay for Tang people, Cai Yanzhi and Liu Shishi are the major shareholders...
They have the final say...
Moreover, the Tang people now rely on Ye Yu to prosper their lives, so they naturally won’t do anything randomly.
But Nortel has a lot of opinions.
However, after Ye Yu called and said that Beijing Electric could withdraw its shares, he immediately became quiet. If he really had a fuss, he would be withdrawn from his shares. The only thing that would lose was Beijing Electric.
However, the price outside is so high, and you don’t give it any money here, which is still a bit too much. It will be very unfavorable to iQiyi’s future development in the long run. So the second day after the successful acquisition, Cai Yanzhi called iQiyi’s management to have a meeting.
CEO Gong Yu directly explained: The price of the tuple jump is so high that he plans to build his own streaming media platform and want to get a share of the traffic; and the Tencent, based on the latest news I got here...
They are planning to make an advanced on-demand attempt.
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