Chapter 1317 The chess pieces laid out more than four years ago

   "What do you think of online film and television copyright? Compared with the price of cabbage in previous years, with the increase of online video sites, the copyright price has increased by ten or twenty times."

  Xia Jingxing stared straight at Wang Wei and said solemnly: "If Tudou wants to be listed in the United States, it must dispel investors' concerns about copyright.

   You must know that YouTube has had a lot of trouble with the six major Hollywood film companies and the three major TV networks over the years because of copyright issues. "

  Wang Wei thought for a while in his heart, and then replied: "Tudou still mainly focuses on original videos."

  Xia Jingxing smiled, "You don't have to evade this question. During the roadshow, the questions raised by institutional investors were much sharper than those raised by me.

   Our country can’t get YouTube, but Netflix can try it. "

  Wang Wei accompanied him with a smile and said, "Mr. Xia, you know, the national conditions are such that pirated videos are repeatedly banned, and the whole industry is like this."

  Xia Jingxing's face gradually darkened, "Huang Huazhong, Yu Dong, the film and television company bosses are very dissatisfied with the current situation, and are planning to launch a round of copyright litigation, and at the same time plan to collectively submit a letter to the relevant departments.

   Pirated video may still exist for a long time, but it will never be as rampant as it is now.

  To achieve long-term development, Tudou must make plans early. "

  Wang Wei said: "After the company goes public, we will take part of the funds raised to purchase copyright."

   "How much can you raise? $100 million? $200 million?"

  Xia Jingxing shook his head, "Compared to Ali, Baidu, or Shanda's huge market value and cash reserves, this amount of money is too insignificant.

   They are all leaders in their respective tracks. With the stable status of this track, they will definitely try to find new business growth points. "

   Hearing this, Wang Wei completely understood and asked, "Are you saying that Ali and Baidu may enter the online video industry?"

   "It's not possible, it's definitely possible!"

  Xia Jingxing picked up the coffee on the table and took a sip, and then calmly cleared Wang Wei's doubts.

   "In the United States, Google and Microsoft have both entered the online video industry. The six major media companies will not talk about it. Hulu video is just a transitional product. It is a high probability event that they will launch their own video websites in the future.

  Look at it, domestic enterprises will surely follow this development law. "

   Wang Wei frowned, he was thinking about whether Xia Jingxing's words were fooling him.

   This is like running a convenience store. After many years of hard work, he finally succeeded in his career. Suddenly someone came and told him that Walmart also took a fancy to the convenience store industry. You can do it yourself.

  Wang Wei questioned: "Mr. Xia, Tudou now has hundreds of millions of users and an annual revenue of hundreds of millions. Even if the giants enter the video industry, we may not have the strength to fight."

   "This is back to the copyright issue!"

  Xia Jingxing said calmly: "Hundreds of millions of users and revenue are not barriers to competition, copyright is!

   For example, the copyrights of popular dramas are all on Youku.com, while Tudou is full of old dramas from more than ten years ago. Who will users choose?

  The giants have their main business of blood transfusion, they can burn money at will, and they can knock down video websites in vertical segments.

  Your hard work and pride are not worth mentioning in the copyright burning war.

   Even if Tudou is successfully listed, how much can the market value reach? With one or two billion dollars to his death, what to do with other giants with a market value of tens of billions of dollars. "

   The expression on Wang Wei's face was a little unhappy, Xia Jingxing put Tudou to no avail, as if Ali and Baidu entered the market, Tudou, as the industry leader, could only disarm and surrender.

   "Mr. Xia, these are all your inferences, they don't necessarily happen."

   Hearing what Xia Jingxing wanted to include Tudou, Wang Wei could only choose to be tough.

  Although he respects Xia Jingxing very much, and at the same time is very grateful to him for his help over the past few years, it is both money and free licensing of film and television copyrights, but Tudou, he must keep it, this is the crystallization of his years of hard work and dreams.

   Xia Jingxing knew that Wang Wei would not be "too obedient", and did not care about the impoliteness in the other party's tone.

   pointed at the Huangpu River and said: "The long river of the Internet is like this Huangpu River, and it has exhausted countless heroes.

  No one can always lead the way, the key is to learn to follow the general trend.

  According to the amount of funds and Internet traffic of domestic holdings, we can choose to make a video website by ourselves.

   I heard Robin Lee had this idea.

   But I don't want my once close partners to make trouble.

  I hope both parties can win together and make the cake bigger. "

  The young literary and artistic people are more stubborn, Xia Jingxing's words did not impress Wang Wei.

   He sneered: "Mr. Xia, Vision Capital has now controlled 42% of Tudou.com, aren't you satisfied? Even my personal holdings are not as many as yours."

   Last year, Tudou completed another round of C round financing with a scale of 50 million US dollars. Vision Capital did not follow up this time, and its shareholding ratio dropped from 46.67% to 42%.

  Axel (United States) chose to follow the investment, and the shareholding ratio was not diluted and remained at 13.33%.

  Wang Wei currently only holds 27% of Tudou.com, which doesn’t look like much. In fact, Wang Wei’s holding of Tudou.com in his previous life was only half of his current share.

   Although Xia Jingxing has taken a lot of equity in Tudou, he has never been ambiguous in resource assistance, helping Tudou sponsor Supergirl and enter the open platform of Hainei.com...

   These resource inclinations and strategic guidance have led to Tudou's rise faster than its previous life, and its development speed and scale have been pressing Youku. There are fewer financing rounds than the latter, but the financing scale is larger.

  These are not enough to help outsiders. Xia Jingxing did not mention them, but he has been persuading Wang Wei by analyzing the development trend of the industry.

   Seeing that the other party was stubborn, Xia Jingxing had no choice but to be tough.

   "This 42% stake, based on Tudou's current valuation of US$500 million, has a market value of US$210 million.

  Envision Capital invested in Tudou for three consecutive rounds, which were 1 million, 5 million, and 30 million US dollars, for a total of 36 million US dollars.

   It's almost 6 times the return, which is very good. "

  Xia Jingling changed the topic: "But Tudou is just an ordinary investment case for Envision Capital.

   As soon as Tudou goes public, Envision Capital will sell its shares and leave. What kind of future Tudou will develop has nothing to do with VCs.

   But for you, it is very different. You have to face the increasingly competitive online video battlefield and the Internet giants that are ravaging like fire.

   I patted my **** and left. The money I made can also buy bandwidth for domestic videos and hoard copyrights, and you can only guard a listed company with a shrinking market value. "

  Wang Wei looked at Xia Jingxing and wanted to get angry a little. The other party used the money from selling Tudou to develop domestic videos. What a lie.

   But on second thought, what the other party said is the truth, and it is very likely to become a reality.

   "If you don't sell Tudou to Domestic Holdings, will you develop and launch your own video website?"

  Xia Jingxing nodded, "Of course, this is a must for giants, and you should have heard that I have invested in many film and television companies, which is to prepare for the future.

   If there is a copyright war in the next few years, selling online film and television copyrights to Baidu and Ali can offset some losses.

   Of course, the biggest possibility is that they can't get the copyright at all. The most copyrighted movies and TV series are all in the hands of domestic video. "

   "For a web video, so what?"

  Wang Wei is very puzzled. As far as he knows, Xia Jingxing has invested in Tudou, copyrighted, and invested in film and television companies over the years.

   Thinking of this, Wang Wei felt a deep sense of powerlessness, he knew that if Xia Jingxing wanted to kill Tudou, there were at least a hundred ways.

   "This is the grand strategy of the domestic holdings, and online video cannot be avoided."

  Xia Jingxing seemed a little discouraged when he saw Wang Wei, and began to strike while the iron was hot: "I discussed it with you out of respect, otherwise Envision Capital and Axel sold the equity to Domestic Holdings, can you resist?"

  Wang Wei did not speak. According to the agreement, one shareholder sold the equity, and the other shareholders had the right of first refusal.

   But he couldn't spend hundreds of millions of dollars, and even if the financing was enough to pay for the acquisition, Xia Jingxing could still raise the price above and ruin the transaction.

   He suddenly thought of one thing and couldn't help but ask: "Mr. Xia, you obviously chose to start the domestic network, why didn't you start a video website?"

   This is a question that has been hidden in Wang Wei’s heart for a long time. Xia Jingxing founded Facebook, YouTube and Twitter in the United States.

   Now in China, the domestic network and Weibo have been copied, but the video website has been spared.

  Xia Jingxing smiled, can you say that you plan to help me manage for a few years first?

   "At that time, the energy did not allow it, and the Internet development strategy in China had not yet been outlined."

  Wang Wei didn't quite believe this rhetoric. He suddenly remembered that Xia Jingxing insisted on taking one-third of the equity in Tudou's angel round financing, probably for today's showdown.

  Thinking of this, he felt a little creepy, the man opposite him had been plotting against him since more than four years ago.

   And he successfully deceived all Chinese Internet practitioners, everyone thought that he would not do Internet work in China after returning to China.

   As a result, since the acquisition of the intranet, it only took three years for the other party to successfully copy a large-scale Internet group that benchmarked against Facebook, and also successfully ranked among the four giants in the industry.

   scheming man!

   Wang Wei looked at Xia Jingxing with complicated eyes, and felt an inexplicable sense of humiliation in his heart.

   As a famous star entrepreneur in Modu Beach, he is just a chess piece randomly placed by the richest man in Asia.

   “I heard some time ago that Facebook bought Swedish music streaming media Spotify for $500 million.”

  Xia Jingxing glanced at Wang Wei, who had a worried face, and said with a smile, "You want to ask how you will treat Kugou in the future, right?

  I can answer you now, Tudou will go first, and Kugou will come later.

  Everyone is no longer separated from each other, but as a common team, holding a common dream, together to make the domestic holding group bigger and stronger. "

   Wang Wei heard the overtones and asked, "Are you planning to acquire Tudou and Kugou by exchanging shares?"

   "Yes, this is also a kind of compensation from me to you, and give you a hundred billion dollar IPO."

   "IPO of hundreds of billions of dollars?" Wang Wei looked incredulous.

   "Why, you don't believe it?"

  Xia Jingxing looked at Wang Wei with a playful face, and said, "Look at it, when Facebook rings the bell next year, it will be at this IPO level.

   Do you think that the domestic holdings that put all my heart and soul into it will perform worse than Facebook? "

  Wang Wei was silent. Compared with Xia Jingxing, who was on the Internet in China and the United States, he felt that he was weak like a small ant.

   (end of this chapter)