Becoming Rich with Daily Scavenging APP-Chapter 497: Investing in Xiaobai Box and Synergy

Chapter 497: Chapter 497: Investing in Xiaobai Box and Synergy

"You have to give me a guarantee." Chen Rui spoke slowly after a moment of silence.

"After the transaction, bygones will be bygones." Chen Yiyang nodded immediately.

He had no interest in sending Chen Rui inside; all he wanted was Bilibili.

Besides, Chen Rui wasn’t a simple person; he was from a rich family.

If things really got messy, it would be troublesome.

According to the offer given by Chen Yiyang, after purchasing the shares from Chen Rui.

Chen Yiyang’s control over Bilibili reached 38% of the shares plus 50% of the voting rights. In this situation, the 8% shares in A Li’s hands became irrelevant.

However, 50% of the voting rights were not completely secure.

Chen Yiyang still needed to win over one shareholder of Bilibili.

That is, Xu Yi, the true founder of Bilibili, who held 5% of the shares and 3% of the voting rights.

Xu Yi was the legitimate founder of Bilibili but gradually faded out of the company later.

Chen Yiyang originally intended to contact Xu Yi.

But unexpectedly, received a call from Cai Wei.

"Mr. Chen." Cai Wei said, "Our Yingkumi wants to buy Xu Yi’s shares and voting rights, and then hand them over to you for proxy holding, is it possible?"

"Is this what you’re up to?" Chen Yiyang didn’t expect Cai Wei to mention this.

"Yingkumi’s future promotional strategy needs to rely on Bilibili to be implemented." Cai Wei stated, "Bilibili and Yingkumi are symbiotic in prosperity and decline.

Without Bilibili, Yingkumi would find it difficult to create a large-scale community atmosphere. Similarly, without Yingkumi, Bilibili would lose a lot of advertisement revenue and creators."

"Isn’t this a very straightforward reason?" Chen Yiyang asked, "Even if a new boss comes in, they would also maintain cooperation with Yingkumi."

"But our previous collaboration was not very successful." Cai Wei revealed an unexpected answer to Chen Yiyang.

"Previously, some people from Bilibili suggested that Yingkumi should hand over more benefits, higher advertisement fees, and channel revenue share, otherwise they would let dark traffic attack us.

However, we paid, and the dark traffic issue was not controlled. So we hope that after you buy Bilibili, the related issues could be improved."

Chen Yiyang couldn’t figure out what was on the minds of people at Bilibili.

Could it be that Bilibili’s management believes that the profits Yingkumi earns need to be handed over partly to Bilibili?

Bilibili originally gained its first bucket of gold in the anime games industry through its agency for fgo.

But in retrospect, Bilibili spent the money earned from the anime on real-world celebrities.

This eventually resulted in Bilibili disliking both sides, directly causing its base users to dislike Bilibili.

It seems there are great issues within Bilibili’s management.

After thanking Cai Wei for the help.

Chen Yiyang went back to the company to discuss with his management team on how they plan to manage Bilibili after all contracts are signed and he takes complete control.

"The current management team must leave, but I feel that most junior and middle-level employees can be retained." Liu Xiaoyue suggested, "After all, we are not fully familiar with Bilibili’s current operating model. Rash changes might worsen the company’s losses."

"Let me think about it." Chen Yiyang was now quite displeased with Bilibili from top to bottom.

He felt that the issues with Bilibili were not only with the management team but also included the entire middle and upper level.

But a rash replacement could be problematic.

Suddenly, Chen Yiyang recalled something.

He himself wasn’t only relying on Bilibili as a video site; he bought Le Shi before.

Le Shi, though lying flat for years, managed to stay profitable instead. Isn’t Le Shi’s management more reliable than Bilibili’s?

Besides, he was about to sell Qingguo, but he actually quite liked Xu Yun, who was currently managing Qingguo.

At that time, letting Xu Yun handle Bilibili, filling the middle layer with Le Shi’s people, isn’t impossible.

With a plan forming in his mind, Chen Yiyang while advancing the signing of purchase contracts for Bilibili with his team.

Also browsed through the information provided by the assistant regarding the software mentioned in previous intelligence.

Xiaobai Box.

Originally a game accelerator.

But their boss quickly realized, although the number of domestic steam players was increasing rapidly, there was always a lack of a community to accommodate these players.

There were quite a few game forums in the country.

Well-known ones like nga and Tieba.

But these forums had a problem: they were entirely dependent on arbitrary private management.

As long as the management likes it, even if you publish something widely offensive, you could post it.

If the management doesn’t like it, even if the post contains no foul language whatsoever, they could find an excuse to ban you.

So they launched the Xiaobai Box software, creating a community centered around steam players, supplemented by other gamer groups.

Although internal user conflicts were large, management smartly employed Tieba’s model, constructing separate communication places for different gaming users to avoid intensifying conflicts.

Then, the major revenue mode of the community was through selling games, membership for the accelerator, proxies, and advertising.

For an experience standpoint, it has no impact on users’ daily experiences.

It counts as a very healthy operation with great potential community software.

Chen Yiyang communicated with the other party on the phone; they expressed willingness to accept Chen Yiyang’s investment.

The reason they wished for investment was for cash conversion.

Though Xiaobai Box wasn’t losing money, it didn’t make much either.

For the management team, if an investment institution invested, allowing them to obtain cash to improve their life, they were very willing.

After learning about Xiaobai Box.

Chen Yiyang examined Yingkumi, Xiaobai Box, and Bilibili.

Discovering that to some extent, these three companies could form a certain linkage.

As Xiaobai Box was just a text community, videos required external links.

And Bilibili’s text community hadn’t developed well, could it be removed entirely?

Then, through Bilibili and Xiaobai Box channeling traffic to Yingkumi, Yingkumi returning advertising fees.

Xiaobai Box constructing a gaming community for Bilibili, and Bilibili providing video traffic for Xiaobai Box.

The three companies could completely cooperate together to earn money.

With this in mind, Chen Yiyang decisively agreed to invest and obtained 40% shares and voting rights of Xiaobai Box.

Accompanied by Chen Yiyang selling Qingguo and selling Fei Peng’s shares, gathering enough cash, and after signing contracts with Bilibili’s shareholders.

Chen Yiyang finally formally took charge of Bilibili.

From the external stock skyrocketing response, the external environment was highly favorable to this information.

And Chen Yiyang also took the chance to announce that he would directly manage Bilibili himself in the early stage and implement large-scale reforms.