Yao Xiaoguang hesitated for a moment, immediately removed the bomb in his hand, and released an 8-card straight.

Zhou Yujie asked with a smile: "Old Yao, how is the development of Honor of Kings?"

Yao Xiaoguang said: "Mr. Zhou, the underlying framework has been almost built, and the details will be added later."

As the deputy general manager of the Toutiao game department, Yao Xiaoguang is naturally qualified to participate in this game. Moreover, "Honor of Kings" is already one of the most important games within the company, and Yao Xiaoguang is naturally valued by Zhou Yujie.

However, for Yao Xiaoguang, after entering the headlines, he realized that he was under great pressure, because although there were not many games on the headlines, he was very successful in several famous ones.

Yao Xiaoguang had heard of this game when he was in Tengxun. However, after all, its main market is abroad, he only knew that there was such a game, and he didn't know how much the game's profit was. However, after entering the headlines, he realized that it was just this game. Now the monthly overseas share of the monthly income is as high as 20 million US dollars. Moreover, judging from the curve of user volume, user time and turnover, the game has not yet reached its peak.

With an annual income of nearly 1.5 billion yuan, this is basically 1/4 of the entire game department of Teng Xun. If this kind of game appears in Teng Xun, it will definitely be a hit among the hottest products, and the money will still be earned.

Toutiao’s own travel also relies on Toutiao and Quxin’s traffic, coupled with the quality of "Fishing Master" and some classic mini-games, the number of registered users has exceeded 50 million, and the monthly active users has reached 10 million. Although mini-games do not spend much money, with such a large base, the monthly turnover is close to 100 million, and the net profit is about 30 to 40 million.

Other games that have just been released, such as "Clash of Clans" and "Candy Crush Empire", although they have just been released, judging from the data reported overseas, their results are very good and they will become huge cash cows in the future.

"Honor of Kings", which was highly anticipated by Zhou Yujie, has not yet been made under his leadership, which puts him under certain pressure.

As far as he knows, these games are all gameplay designed by Zhou Yujie. The first few models have been successful. If this one fails, then you have to recite the responsibility if you don’t follow it.

Zhou Yujie didn't care at all and nodded and said, "Okay, I won't urge you. Just prepare my content and background. You don't have to hurry. "Honor of Kings" is a large-scale online game, which is different from small games like "The Mysterious City of Zhilong". The development difficulty is also uncommon."

"Okay, thank you Mr. Zhou." Yao Xiaoguang nodded and said.

"I'll blow it up." Zhong Guangwei caught a chance and directly had a super bomb, and he only had one card in his hand.

Everyone looked at it and couldn't afford it. In the end, Lao Zhong won.

The loser was reshuffled, and Zhou Yujie didn't show any shame and started to stop it himself.

Soon, everyone started to draw cards manually again. At this time, Zhong Guangwei asked: "Mr. Zhou, since domestic state-owned enterprises are unwilling to invest in Quxin, should we talk to overseas venture capital?"

"No hurry." Zhou Yujie smiled and said, "Toutiao financing is to obtain political resources. Now that it has it, Quxin's financing is not so urgent. Although Fruit Forest consumes money, the funds in the account are still enough to last for a period of time.

As for the server, Toutiao has purchased several land for Quxin. In the future, after Quxin raises funds, it will be fine to settle the accounts clearly.”

Toutiao and Quxin are currently different shareholders, but borrowing some of the other party’s resources is not a big deal. As long as the funds are clear in the later stage, it is not a problem.

Toutiao and Quxin are both preparing to invest in large server groups to cope with more and more user visits. Quxin's funds are relatively tight now, and Toutiao has no competitors. It has just obtained a huge amount of funds, so it can naturally help Quxin and wait for Quxin to return it after the next financing.

"Okay." Zhong Guangwei nodded and said.

...

Time flies, and a month passes in a blink of an eye.

Today, with the assistance of Sequoia Capital offline and the subsidies of Baidu online, the first choice began a crazy expansion model, expanding from top to bottom according to the city's GDP ranking, at a rate of entering 10 cities in a month.

Meituan is faster. With the former group buying market, it quickly formed a takeaway team. The same is true for online services. Alipay’s subsidies are no worse than Baidu.

The two giants began various subsidy wars in different cities, and tens of millions of funds were invested every day.

However, if both parties spend money, it is impossible to decide the winner in a short period of time. Moreover, even Baidu and Alibaba, the money is not caused by a strong wind. When the growth of payment users in a city slows down, both parties will tacitly reduce the credit limit.

Then the two takeaway platforms were slowly operating, using time to exchange for the expansion of market share. Judging from the results, Today's Preferred is obviously better, because compared with online traffic, Today's Toutiao + Baidu obviously beat Alibaba.

The other two companies, including Flash Sales and Ele.me, began to choose to grow within a certain range to prevent them from being pulled into a fierce money-burning war.

The takeaway market has thus formed a balance. Some other small platforms can turn around at any time because of their small scale and temporarily stay in small cities or non-catering industries for development.

Quxin's negotiations have entered a slow stage because they are not in a hurry for the time being, and the financing valuation has never been discussed. Many venture capital investors want to participate, but are also worried about excessive risks.

After all, Toutiao is completely different from last time. Toutiao has officially "returned to" Baidu and has also had a conflict with Alibaba. Although Quxin's current market share continues to expand because of the Fruit Forest business, its rival Teng Xun also copied this move and is also spending more money. Theoretically, if this continues to develop, Teng Xun will definitely form an advantage in the next few months. By that time, Quxin will fall into a disadvantage.

In addition, Zhou Yujie's valuation of Quxin is as high as US$7 billion, which is also a considerable investment for overseas venture capitalists. In order to reduce risks, venture capital also tried to attract more peers to participate. After more people, there will be more conflicts and time will naturally be delayed.

"This group of people really wants both profit and risk-free." Zhou Yujie smiled and said, "How can there be such a good thing in this world?"

Zhong Guangwei said: "They actually want to lower our valuation, but Yanjing's Hillhouse Capital agreed to our valuation. However, Quxin's investment is too large, and they cannot invest alone. They can only wait until other venture capitals have agreed."

"Hillhouse Capital?" Zhou Yujie's heart moved. After 2020, all relevant domestic practitioners can be said to be aware of this venture capital firm.

Its founder is Zhang Lei. He was still an unknown person 10 years ago. In 20 years, his capital was as high as 60 billion US dollars, and his investments were spread across the Internet and physical industries. Almost every item was successful. He was called Buffett, the Chinese.

"Is Zhang Lei coming to Shanghai?" Zhou Yujie asked.

Zhong Guangwei shook his head and said, "No, I came with a vice president, but he also told me that if possible, Zhang Lei would come to Shanghai and meet you in person."

"Okay, promise him, both sides have an appointment to meet." Zhou Yujie nodded and agreed.

Zhou Yujie is very interested in this investor who can invest in dozens of high-quality companies in ten years. In the future, Toutiao will inevitably start to enter the investment industry with traffic entrances as a platform.
Chapter completed!