Huayu Entertainment Starts with Xiang Yu, the Hegemon of Western Chu

Chapter 94 The entertainment industry cannot tolerate such an awesome person. [Please subscribe]

With the immense popularity of "Si Teng," Jiang Yang's debt to Jing Tian was naturally settled.

Not only that, but you can also get dividends.

Although the initial price paid to Hunan TV for this drama was not high, it was both critically acclaimed and commercially successful, and it is expected to have a strong long tail, with revenue exceeding 100 million yuan only a matter of time.

Generally speaking, repayments are not that quick.

As the powerful client, the TV station relentlessly pressured for payment; it would be incredibly generous of them to expect a full settlement within a year or two.

However, Jiang Yang doesn't need to wait.

Given his relationship with Jing Tian, ​​it was just a matter of a word; it was practically an advance payment to him.

Let's say it's 100 million. Jiang Yang's share is 50 million. After deducting the cost of the loan of 15 million, he should receive 35 million. We won't even talk about the interest.

Looking at the cold balance in the account gives one an unprecedented sense of warmth.

It's still better to be a kept man!

Jing Tian truly deserves to be called a compassionate and merciful living bodhisattva who saves people from suffering, and she even gives away her own body as a form of almsgiving.

Amazing, rich woman!

Money is meant to be spent.

Jiang Yang didn't let the money sit in his account for long; he quickly found a place for it by flipping through his notebook.

Got it!

ByteDance's office is located in the Yingdu Building in Beijing.

Last year, the company launched a news distribution app called "Toutiao," which reached one million daily active users within three months of its launch, making it a rising star among internet startups.

They are currently in talks for Series B funding.

Founder Zhang Yiming discovered a strange name on the list of potential investors.

"Jiang Yang, who is he?"

With the rapid development of Toutiao, ByteDance has attracted the attention of many well-known investment institutions. Apart from Jiang Yang, almost all the other names on this list are big-name VCs.

It's too eye-catching; no wonder Zhang Yiming is curious.

"He is a star who just became popular this year. He is very popular, and the two idol dramas he starred in dominated the screen from the first half of the year to the second half."

"He wants to invest in us?"

Zhang Yiming wasn't interested in those things; he was just surprised.

"Yes, and he came to us on his own initiative, so I put him on the list."

How strong is it?

"He said he could cover our entire investment for this round."

ByteDance's post-money valuation in its Series B funding round was $60 million, with a total funding amount of approximately $10 million.

Dao Le, US Dao Le!

Zhang Yiming was surprised that a mere young actor who had just become popular this year could be so arrogant. Was the entertainment industry really that lucrative?

They seem to be quite capable.

But he still shook his head; it was impossible.

With a promising stock like Toutiao in its portfolio, ByteDance has no trouble raising funds now; it doesn't take money from just anyone.

Why should we give it to him?

"He's very popular and well-known this year. If he becomes a shareholder of the company, it will be beneficial for product promotion and save on endorsement fees."

"Celebrity endorsements are not the right way to go."

Zhang Yiming is a serial entrepreneur, and ByteDance is his fifth venture. He previously worked for Wang Xing, a fellow Fujian native.

Two years ago, during the "group buying war" among thousands of group buying websites, Lashou.com spent a lot of money to hire Ge You as its spokesperson. What happened in the end?

It's completely useless!

Meituan, which has never hired a celebrity spokesperson, has ultimately emerged victorious. Zhang Yiming, observing from the sidelines, has drawn the following conclusion:

Celebrity endorsements have more symbolic significance than practical effect.

Zhang Yiming's expertise lies in information distribution, collecting user data and then intelligently pushing information to them; ByteDance's algorithms are very powerful.

Why would we need to invite celebrities? We don't need to invite any celebrities at all!

To put it bluntly, it's a waste of money.

Large companies can afford to waste a little money, but startups need to make the most of every penny.

If that's all there is to it, Jiang Yang is probably going to be eliminated. Just a second before Zhang Yiming was about to cross him out, the pen hovered in mid-air.

"There's another reason."

"What?"

"There are rumors that Jiang Yang has a powerful background, that he's a third-generation descendant of some kind of powerful family, which is why he became famous so quickly after his debut. Look at his surname."

Zhang Yiming paused for a moment, then suddenly looked up.

Are you serious?

"The source of the rumor cannot be confirmed, but it is being spread in a very detailed and convincing manner."

"It's not easy to verify this kind of thing."

"If he weren't, would he dare to impersonate her?"

hiss----

In that case, we'll have to reconsider.

"Does he have any investment experience?"

"I applied once, to a company specializing in anime and manga games. I think it was out of interest."

This is the persona Jiang Yang created for himself.

He invests based on interest. Last time he pretended to be a big fan of miHoYo, and this time he also said he is a loyal user of Toutiao and is very optimistic about the product's prospects.

Otherwise, should we talk about business or technology?

Don't make me laugh!

However, this casual investment style does indeed fit the stereotype of certain rich kids.

That's how Si Cong threw it.

It's less about investing and more about seeing something new and exciting and wanting to try it out, so you casually spend some money on it.

There are always some sycophants who think "rich people are no smarter than you," forcibly imagining some kind of "grand strategy," and saying that if you don't understand, it's because you lack knowledge.

Even after losing a lot of money, they still refuse to admit that they were just messing around.

Of course, they can afford to lose money.

Zhang Yiming hesitated, then looked at Jiang Yang's information. The more he looked at the photo, the more eerie it seemed. Finally, eight words popped into his mind:

A dragon's bearing and a phoenix's grace, a countenance as bright as the sun and the moon!

Jiang Yang had no idea how ByteDance had discussed things, and he hadn't yet realized that he had activated passive bragging.

In short, the response he received was that they were willing to invest three million US dollars, on the condition that they would exchange publicity value.

Not many, but not few either.

It accounts for about a quarter of the total amount raised in this round of financing, and five percent of the shares after the investment.

Of course, Jiang Yang won't always have five percent.

ByteDance has only raised its Series B funding so far, and there are at least several more rounds to come. After the dilution, it will only be two or three percent at most, maybe even less.

ByteDance is still in its infancy, but its growth rate will exceed everyone's expectations.

Today, the three giants of the Internet industry are recognized as BAT (Baidu, Alibaba, Tencent). Who would have thought that they would all tremble in fear in front of ByteDance in the future?

Sixty million US dollars, no matter how much you buy, you'll make a profit.

Buying in at this valuation could potentially yield tens of thousands of times the return. The only thing Jiang Yang needs to remind Zhang Yiming is to urge him to go public as soon as possible.

However, on the other hand, by then it might have been beyond their control.

Companies at this level are more than just businesses.

In short, three million US dollars it is. Jiang Yang signed the contract and made the payment without saying a word. He would deal with the five percent of the shares as soon as he got them.

Pension insurance +1!

Although ByteDance has a bright future, unlike miHoYo, Jiang Yang's investment in ByteDance is not entirely a financial one.

More importantly, it supports his main business.

Becoming an early shareholder of ByteDance means that when Douyin (TikTok) emerges in the future, it will be able to immediately control the most crucial traffic entry point.

In the era of short videos, Jiang Yang will be the supreme ruler of the entertainment industry.

What? You want to beat fate by half a move?

Sorry, that's not allowed.

Because I am the heavens!

>