I was just thinking about taking the arts exam and you said I've been playing supporting roles

Chapter 323 A New Milestone in Chinese Cinema!
"Brother Jin—"

Ma Yun, who was sitting in Xiaoyaoju talking with Xiong Xiaoge and a few others, saw Chen Jin following her assistant and immediately greeted her warmly.

Chen Jin was somewhat flattered: "Mr. Ma, you're too kind. Just call me Xiao Chen!"

Ma Yun's teasing startled Chen Jin herself.

It's one thing for people in the industry to make such pronouncements, but the person in front of us is the future internet kingpin, hailed by netizens as "Father Ma".

Although the nickname "Brother Jin" was given to him by many people in the Chinese entertainment industry, how old is he?
Chen Jin still felt that Ma Yun, who would later become the richest person in China for a period of time, had gone a bit too far in making such a statement.

Of course, Ma Yun was just being polite.

If a title can bring in a deal worth billions, Ma Yun would be happy to call Chen Jin "Big Brother".

Merchants are driven by profit, and Ma Yun was no exception.

He had long coveted film science and had mentioned investing in entertainment to Chen Jin many times, but Chen Jin always brushed it off with a laugh.

This time, he decided to have a serious talk with Chen Jin.

"Chen Jin!"

Xiong Xiaoge, who was sitting not far away, smiled at him, said something to a few other industry leaders, and then got up and walked to Chen Jin's side.

"Mr. Xiong, it's been a long time!"

Chen Jin shook hands with him, and then Ma Yun introduced the other guests to Chen Jin.

Cai Chongxing, Zhu Xiaohu... Alibaba's top executives, and investors.

Chen Jin has clearly entered the mansion.

"This person needs no introduction, right?"

Ma Yun pointed at Chen Jinchao and spoke to the people present, and many people laughed.

"I just heard Mr. Xiong mention this young talent's resume!"

"I hadn't paid much attention to the entertainment industry before, I never expected such a person to emerge from there?"

"Young man, it's a pleasure to meet you..."

"..."

Several future investment tycoons greeted Chen Jin warmly.

These people are actually quite pretentious.

Although Chen Jin had no intention of currying favor with them, she still had to say the polite words, as the saying goes, "one cannot hit a smiling face."

"Not at all, I'm learning from all of you seniors!"

This is clearly from the perspective of an entrepreneur.

If Chen Jin were just a celebrity in the entertainment industry, these people would probably not even bother with her. In the eyes of investors, actors are nothing. If it weren't for Xiong Xiaoge's recent praise of Chen Jin, even with the Double Eleven promotion of the two movies "Love is Not Blind," they wouldn't have been very interested in her.

However, nowadays, Ma Yun really has to call Chen Jin "Brother Jin"!
Let's chat!

This year's most talked-about product is a phenomenal success, a ticket to the future.

Ma Yun also wanted to go up and take a look!
Unfortunately, it was too late.

Now, Lei Jun has gotten lucky!
Everyone says that MiTalk's transformation into Liaoliao was due to the guidance of a master behind Lei Jun. Xiong Xiaoge has just told everyone here who that master is!
This highlights Chen Jin's value.

The value of being a top scorer in the college entrance examination is indeed extraordinary.

Even though they weren't industry insiders, they could still amaze everyone with their stunts when they crossed over into other fields; how could such genius not surprise the industry leaders present?

In their words, what is the most expensive thing in the 21st century?
Talent!

Especially for such talented individuals, they certainly need to get to know them better.

Ma Yun also wants to develop a mobile instant messaging software.

"Mr. Xiong just told us that many of the creative ideas for 'Chat' came from you, Brother Jin?"

Cai Chongxing was subtly probing, and Chen Jin quickly waved his hand, how could he dare to admit it, but he wouldn't deny it either; the financing was real, and CETC had acquired a share.

However, equity reform is inevitable.

Chen Jin has already had a holding company registered to separate the investment from the electronics industry.

This is also for the sake of future industries and market share.

Investment is investment, and business is business.

"I just mentioned a few ideas while we were having coffee together!"

"It's just that Mr. Lei has strong execution skills!"

After all, Lei Jun was the originator of the 996 work schedule even earlier than Ma Yun in front of him; the very breath of a capitalist reveals his bloodsucking nature.

Chen Jin was merely making an investment.

He can't even change the domestic entertainment industry, let alone the internet.

Chen Jin has already made enough money by taking advantage of this trend.

Making money is nothing to be ashamed of; there's no difference between cooperating with Lei Jun and Ma Huateng and cooperating with Ma Yun in front of you.

You can't become a tycoon without being ruthless.

In fact, the Hong Kong entertainment circle does this even more than the mainland.

If you dig deep enough, you'll find that many Hong Kong business owners have a history of involvement with organized crime; at least many mainland business owners only skirt the edges, because the sword of Damocles hangs over them, and they could face severe sanctions if they are not careful.

This is even more true abroad.

Turning to Capital, the capitalists reveal only two words: cannibalism!
"Chat is indeed a groundbreaking product!"

Ma Yun sighed, looking at Chen Jin with a complicated expression. He'd known Chen Jin for a long time, so why hadn't this guy told him about this idea?!

I still blame myself for not treating this newcomer in the entertainment industry well back then.

Last year's Singles' Day was really just a show.

Although Ma Yun admired Chen Jin, she never truly took Chen Jin seriously.

This is actually quite normal.

They use you and then disappear; many businessmen are like that.

Do you think he ever truly respected Chen Jin from the bottom of his heart?
Don't be ridiculous. He's the CEO of a listed company, while Chen Jin is just a nobody, practically a pawn.

But this year is truly different.

Whether it's the pre-sales of "Love is Not Blind 2" or the chat, this is a true internet-style approach.

They're marketing movies like products.

Ma Yun was very familiar with this method.

He consulted several people, and barring any unforeseen circumstances, "Love is Not Blind 2" is expected to break a domestic box office record, and is very likely to reach 10 billion yuan.

10 billion!

This number may be just a small goal compared to Taobao's revenue, which is about to break through 100 billion yuan.

But selling so many products for a single product is also a skill.

Moreover, Chen Jin is the biggest selling point of this product, which makes it even more attractive to investors.

"Since Mr. Xiong and the others are all here, CETC can consider financing and going public!"

Ma Yun reiterated that if Alibaba wants to enter the digital entertainment industry, Film Science is a very good partner.

The entertainment industry offers Alibaba numerous benefits.

"Yeah, Brother Jin, your company really should consider going public!"

Xiong Xiaoge shared the same sentiment and spoke up.

The two men had actually brought this up with him more than once, but Chen Jin had always politely declined. This time was no different: "Mr. Ma, Mr. Xiong, I really don't have that ambition. Film is my career, I love it very much, and of course I want to make it bigger and stronger!"

"But it's also good to make it small and beautiful..."

Chen Jin is not short of money.

The lack of money is only temporary.

Why do companies like Huayi Brothers and Bona go public? Because they don't have a large amount of capital.

He needs the stock market to expand his cash flow and fulfill his ambition to invest in many movies a year. If a few of them are successful, he can offset the losses. Moreover, going public is a way for investors to make money.

The "you're good, I'm good, everyone's good" type.

But Chen Jin is different.

Ma Yun wants CETC to become the next Huayi, but Chen Jin doesn't.

He really didn't want to.

Because, barring unforeseen circumstances, his films are generally profitable, the only difference being the amount; this means that Chen Jin doesn't actually lack funds, nor does he need to invest in many films a year, allowing him to maintain a balance between investment and income. If the funds can support 10 films, then he'll invest in 10; if only 5, that's fine too, just 5.

We'll invest again once these 10 or 5 films have been released.

This way, the business will gradually grow, and it will definitely earn more than going public.

While a successful IPO might boost the stock price and increase Chen Jin's net worth, the overall efficiency is risky.

Therefore, this is why Chen Jin doesn't want to raise funds or let others get involved in her company.

He is not afraid of going bankrupt.

If one day he really grows big enough to go public without financing, Chen Jin would be willing to give it a try.

There will be such companies in the future.

With absolute control and annual dividends to shareholders, it's quite a unique entity in Myanmar's A-share market.

"Raising funds isn't necessarily a bad thing!"

Ma Yun felt that this younger brother was still too conservative.

However, the other party also had the confidence to do so. In two years of entrepreneurship, they had not produced many films, but the profits were terrifying.

Under normal circumstances, raising funds at this point would propel the company into becoming one of the top film and television companies in China; because you can't guarantee that making movies will be a huge success in the future.

Going public changes everything.

With money, you can invest in more films. The probability of each film you make being a flop is very high, but if you invest in 10 films, surely one of them will be a hit?

The probability of making a profit is definitely higher than filming it yourself.

Just like you shouldn't put all your eggs in one basket.

Many people think that "Love is Not Blind" was just luck.

"Life's Big Events" is just a well-made film.

Although "Love is Not Blind" is more popular now, you can't guarantee it will be popular in the future... Ma Yun and Xiong Xiaoge's logic is very simple: they use the internet approach, but they didn't expect Chen Jin to raise funds at this time and go back to the traditional approach.

This guy is really hard to figure out.

"It wasn't said to be a bad thing, but it's not the right time yet!"

Chen Jin used delaying tactics, and Xiong Xiaoge and the others talked to him about the risks of financing, such as when the angel round would take, and how the valuation would change and fluctuate if the performance did not improve and was in a period of decline.

Now, with the popularity of "Love is Not Blind 2" and the soaring performance of CETC, launching its angel round is the perfect time, and the valuation will definitely be high, etc.

Chen Jin listened attentively, her main expression being a smile that indicated agreement, not disagreement.

Seeing that he was unyielding, the group had no choice but to give up. Ma Yun also shook his head helplessly. He couldn't force Chen Jin to agree, after all, she had a good reputation and was quite well-known in the investment circle.

The products they discussed were indeed intimidating.

After that, the chat finally returned to the topic of tonight's global celebration.

"We've successfully created the Double Eleven shopping festival!"

"We just launched our Double Eleven promotion two weeks ago, and we've already gained more new users than we have in the entire previous year!"

Everyone's waiting for tonight's shopping spree!

Cai Chongxing was saying that he didn't care about the movie premiere that night; that was Ma Yun's problem. He was now in charge of Alibaba's business, and the key was how much they could sell on Singles' Day.

"Life or death will be decided in 10 minutes at dawn!"

"However, this time, we need to focus on monitoring the data from the mobile app!"

Ma Yun said it casually.

In fact, the premiere of "So Young" and the collaboration with Taobao's Double Eleven shopping festival were a win-win situation.

Tonight's gala was ostensibly a promotional event for the movie, but what it really boosted was the sales volume on Taobao during the early hours of Singles' Day.

But can't we do without this gimmick?

Okay, but sales will be much lower.

Now, with Chen Jin bringing the team from "So Young" and the viewership of Hunan TV, it's safe to say that the Double Eleven buzz has been significantly boosted.

In addition, Chinese audiences are eager to see how many tickets will be sold in the pre-sales for "So Young," making the viewership and attention even more remarkable.

"Let's go, the party's about to start!"

"Let's see how many pre-sale tickets Brother Jin's work can sell first!"

Professionals focus on box office revenue, while businessmen focus on how many tickets are sold.

They mean the same thing, but their meanings are quite different.

One cares about results, the other cares about quantity.

Chen Jin didn't really like being with these business elites, not because she felt inferior, but because she felt... out of place.

Their discussion was too highbrow and pretentious, which made me uncomfortable.

If they can tell reporters that they're not interested in money and just want to earn a small goal first, how can you expect them not to brag in private?
impossible.

So Chen Jin still likes to brag to Guo Fan and the others.

After saying goodbye to Ma Yun and the others, Chen Jin went backstage.

Chen Jin knew the process because the premiere had been rehearsed last night.

Time passes minute by minute.

At 8 p.m., the highly anticipated global premiere celebration of "So Young" officially began.

The two hosts, He Jiong and Xie, went on stage first and introduced the movie "So Young" and the once-in-a-millennium 31-day event. Then, just like last year, the big screen behind them displayed real-time pre-sale box office data.

183, 256, 770!

1.83 billion!
This is the total pre-sale box office for "So Young" as of 8 PM on November 10, 2011.

boom--

The audience erupted in a show-like cheer from countless Alibaba employees, and Chen Jin and a few others backstage were also quite excited.

Aside from Chen Jin's initial assessment, even Guo Fan hadn't expected that "So Young" would sell so many copies.

The crucial part is that the next four hours are the real highlight.

"The midnight screenings have already grossed 9120 million yuan, which is close to 400 million movie tickets!"

"This number has surpassed the 7100 million of Transformers 3, and the pre-sales have also broken the domestic record of 1.13 million set by Transformers 3!"

"Can we add more? Everyone can open the Taobao homepage and participate in the hourly flash sales!"

"For users who pre-order tonight's Double Eleven event, Taobao will give away 1 movie tickets for 0.1 yuan each and 10 flash sale tickets for 9.9 yuan every hour on the hour!"

"..."

This was an event that Alibaba had discussed with Chen Jin from the very beginning.

Dida also has the same flash sale promotion.

Alibaba also wanted to get into ticketing, so it created a separate section for it.

1.84 million, 1.86 million...

As time progressed and the program continued, the pre-sale ticket prices on the big screen increased rapidly.

Before 8:30 a.m., pre-sales had already exceeded 190 million yuan!
"Yes!"

Guo Fan, who had just stepped down from the stage, clenched his fist and waved it.

This excitement didn't last long at all. Everyone was called up to the stage and turned to look at the big screen with bated breath.

This is an incredibly exciting moment.

A moment that everyone had actually anticipated.

"2 million!"

"2 million!"

"2 million!"

Amidst the cheers of the audience and the host, at 8:53, the string of numbers starting with 1.9 on the big screen finally turned a new page.

200, 000, 000!

2 million yuan!

The pre-sales of "So Young" have officially exceeded 2 million yuan, achieving a milestone for China Film Group.

A completely new achievement, one that even Hollywood blockbusters haven't accomplished!
The film's pre-sales have exceeded 2 million yuan!

(End of this chapter)