I'm A Baller - Chapter 378
Chapter 378: What’s so Great About It?
The first thing he did when he arrived in Shanghai was to check his BVI company information.
BVI was the British Virgin Islands. It was the world’s largest offshore registration place. It did not pay taxes and did not have foreign exchange controls. The registration information was simple, and it was especially suitable for setting up an offshore company.
The new company was directly called Divine Court capital. BVI allowed the registration of Chinese names. It was very convenient.
The company was wholly owned by Wang Yan, and it opened a subsidiary company in China, Jin Yan, to invest. The registered capital was 10 million.
After making sure that all the documents and official seals were accurate, Wang Yan acted as a substitute agency and returned to Wang Ting to have a meeting with Ling Ya and the others.
After a lot of communication, the new equity distribution plan had been approved by everyone.
Wang Yan wanted to slightly change the company’s valuation today to match the office valuation.
The details were too boring, so there was no need to mention it, just the results —
Wang Ting Entertainment was valued at 600 million, Wang Yunxi held 5% of the shares, Ling Ya and the other three held 12.5% of the shares, and Wang Yunxi held 45% of the shares on Wang Yan’s behalf.
The office was valued at 600 million, and all of it was injected into Wang Ting Entertainment. Each shareholder would invest a different amount of cash.
The new shares became Wang Yunxi’s 2%, Ling Ya’s 6%, Miko’s 6%, Da Gang’s 5% , Adai’s 5%, Wang Yan’s 22% , and Jin Yan’s 52% .
The total share capital was 12 billion, and each share was worth 0.1RMB.
Jin Yan would then invest an additional 10% of the shares as a reward pool for future stock incentives for executives and employees.
Of course, it was only the dividend rights, not the actual shareholders.
With the current laws in China, it was very difficult for options to actually land. If he wanted to explain it clearly, he had to open another book.
In any case, Wang Yan himself did not completely understand, or the dividend was simple and crude.
In addition, Young Master Wang was now an absolute majority shareholder with 74% of the shares, it was just an additional layer of structure.
In theory, the company expanded to 1.2 billion, Wang Yan’s nominal wealth was more than 800 million, and the previously penniless Wang Yunxi became a small tycoon with a net worth of 20 million in one go.
In reality, they were all boasting.
All the shareholders had paid in less than 40 million in cash capital, which was just enough for the initial period.
Once the loan for the two-story office building didn’t go well, the company’s capital chain would collapse.
Of course, with Wang Yan around, it wouldn’t go that far.
Boasting was for outsiders to see.
If they wanted to raise funds from the outside, under the premise that the data was done beautifully, they could raise the valuation to 2 billion. After three rounds of listing, 16 billion would be easy.
They relied on bragging to play the concept of capital speculation.
Wang Siming played the same trick, but it was simpler and more violent. He was not like Wang Yanzhen who wanted to monopolize internet celebrities.
In fact, many big shots nowadays bragged before they did anything.
If they made achievements and made up for the bragging before, a business empire would be formed.
If they could not do it well, the bragging would be leaked sooner or later. The only difference was who would pay the bill.
VC, PE, Angel Investor, that’s called startup failure.
Ordinary investors pay the bill, that’s called cutting leeks.
Why does Wang Yan target the U.S. stock market?
Because he doesn’t want to cut domestic leeks.
Few people have the confidence to make the company big, make good data, and monopolize the online celebrity market, but they are still not very optimistic about the profit prospects.
After the stall is big, the cost will be very high, but the cash-out model of online celebrities is still not clear enough.
Just the gift rewards, advertising endorsements, and commercial performances might not be able to cover such a high cost.
Unless, with the development of the times, a broader cash-flow channel appeared.
For the time being, Wang Yan could not see where that road was, so he could only go abroad to cut leeks. He did not want to bring disaster to a-share investors.
Chinese investors were too pitiful. If they bought a stock, they would turn around and scallop and run away. If they could not even run once, they would run away every year… who would they cry with!
There was no time for idle chatter.
After the shares were settled, the executives reported on the company’s development, allowing Wang Yan to have a good idea of what was going on.
Overall, everything was going smoothly.
There was sufficient capital on the books, and all the plans were progressing steadily. The first batch of streamers had a good reaction to testing the waters, and the company was warmly welcomed by more and more small platforms.
One of the more exaggerated figures was —
In the fourth quarter of this year, as of the end of December, a total of 35 live streaming platforms had come online or were expected to come online.
In the first three quarters, there were only 42 live streaming platforms combined, which showed the explosive speed of the live streaming industry.
Miraculously, two-thirds of the new platforms came to Wang Ting Entertainment to pay respects to the dock.
Wang Ting Entertainment’s reputation of having many streamers and high quality had been thoroughly spread. When the new platforms came online, they all hoped to get the support of Wang Ting.
Wang Yunxi followed Wang Yan’s instructions and didn’t refuse anyone.
At the very least, they sent over one b-class contract plus two c-class contracts, and they even had a lot of fun with their alt accounts.
After opening up so many channels, it was simply too easy to wash out the breathing wages of more than ten million a month.
It was just that the management of accounts and confidentiality were becoming more and more troublesome.
After Wang Yunxi whispered her concerns to Wang Yan, the Young Master calmly waved his hand.
“Later, I’ll find someone to be in charge of this matter. You and her will directly contact each other. You will still be in charge of the official brush team, and she will only be responsible for recharging.”
That person was naturally Yu Qiuli.
The part-time job that Wang Yan found for the old class monitor was to use all kinds of bank cards and credit cards at different times and with different amounts to recharge all kinds of platform accounts.
Wang Yunxi was in charge of how to spend it.
Yu Qiuli was in charge of how to charge it.
This job was quite troublesome, but it didn’t have much technical content. It only required loyalty and confidentiality discipline.
After all, it was quite a large sum of money.
Yu Qiuli was the most suitable candidate. She would scold her whenever she had nothing to do and guarantee her loyalty.
Moreover, it wouldn’t delay her from going to school. She could do whatever she wanted in her free time.
In the evening, she would go to Yu Qiuli’s place for a meal. Wang Yan would explain the situation to her in detail and settle it easily.
The content of the conversation was as follows.
“It’s so simple… how much do you plan to pay me?”
“You’re still talking about money with me? Are you blinded by money?”
“It’s only right and proper for you to get something out of your hard work! You Can’t just go and have sex with me for free, right?”
“Yo, you’re doing a lot of business now? Then name your price!”
“Bastard! Why are you acting like a hoodlum when we’re having a proper discussion?”
“You use those words with malicious intent… Blah, do you have any improper thoughts towards me?”
“Are you crazy?!”
“Five sets of black, half a cup of lace… You’re so coquettish, do you blame me for thinking too much?”
“Ahhhhh! I’m so angry! which lady pounced on you outside today, so you’re intentionally taking it out on me, right?”
“Am I that kind of person?”
“You are!”
“Alright, Congratulations, you guessed it right.”
Yu Qiuli was so angry that she almost bit Yu Qiuli.
..
On Friday morning, Wang Yan brought Yu Qiuli to various banks and got eight bank cards. Zhang Yin and Yu Qiuli were very happy.
It was important to emphasize that the two of them did not live together yesterday and nothing good happened.
Wang Yan wanted to, but unfortunately, his favorability was reduced to 68 points. Yu Qiu’li was willing to calculate it..
However, it was a relief to see a beautiful woman who was so angry that she could do nothing but work for him.
He was so busy that just as he sent Yu Qiuli to Wang Ting Entertainment to report, Huang Guangliang called with a rare excitement in his voice.
“Young Master Wang, the title deed has been issued!”
Wang Yan’s spirits were lifted.
The most crucial certificate had been obtained. Okay, it was time to show off!
“Thank you, Director Huang. I’ll go get it now.”
After exchanging a few pleasantries, Wang Yan hung up the phone. He thought for a moment and took out Chu Hong’s phone number.
“Chu Xing, I’ll do what I promised you today. Do you have time?”
Chu Hong was almost stunned by the surprise. He replied repeatedly, “Yes, yes, yes! When will you arrive? Old Chu, I’ll sweep the bed for you!”
After agreeing on a time, Chu Hong was overjoyed.
After pondering for a moment, he called for his secretary and instructed, “Go, call Chen Xi and Bai Jie… forget it, don’t call Bai Jie. Call Wang Yufei up.”
The secretary was puzzled. “You usually don’t talk to them about work in order to avoid suspicion. What’s going on today?”
He went to inform them with a heavy suspicion, but he couldn’t help but feel a little jealous.
So what if it’s good-looking? Even the Vice President had to be investigated..
I’m sorry, good-looking is great.
Of course, to be rich enough, you can do whatever you want.
