Chapter 385: Don't Compete with Peaches and Plums for Spring

Xishan Scenic Area when the moon is bright and the stars are sparse.

The private club that Li Ming had built here had already been sold, but the need to entertain friends from all walks of life remained unchanged, so Xiao Ma Pentium rented two villas in a nearby hot spring hotel for a long time.

One building is used by the company and the other is reserved for the chairman to relax.

The assistant walked quickly along the gravel path with warm yellow light strips on both sides and came to the open-air hot spring pool in the backyard of the villa. He stopped and adjusted his clothes.

I waved my hand and a waiter with a nice figure and good looks standing beside me came forward with a wooden Huanghuali tray in her hand.

She took the towel from the tray and half-draped it over her arm, then walked to the hot spring and said softly, "Boss, Mr. Zhong and the others are here."

"I won't press it today."

Song Anli opened her red lips and yawned lazily. The massage technician squatting on the edge of the hot spring pool held back her heartache and left silently with a tray full of various therapeutic herbs.

This pallet of ready-to-use precious materials costs tens of thousands of dollars, which is really a waste.

"Miao Nan came here by himself?" Song Anli got up from the bath and sipped orange juice to replenish her water.

The assistant carefully draped the towel over her shoulders and said, "Boss Ding from Kujiji Studio and Sister Pei's agent seem to have planned to have dinner together tonight."

"Don't ask around when you shouldn't."

Song Anli said this casually and turned back to the villa to take a shower.

The assistant nodded slightly to show that he was listening to the instruction, but he didn't agree in his heart. His boss had been crying for so long, how could there not be two of his own people in the studio? It's just that some things are easier said than done.

Furthermore, if in the past the emperor was far away, now is the time when the emperor is on personal tour.

It is her job to find out the news, but it is the boss's business whether to listen to it or not. Only the one who is qualified to take the blame is the confidant!
The assistant was filled with emotion and secretly summed up his work experience. No matter what, this operation was actually a separation under the name of investment, and he had to help Mr. Song to successfully complete it. As the saying goes, if one person succeeds, the whole family will benefit.

"Wow."

The shower head sprayed warm water, and after washing, Song Anli looked around in the mirror.

The milky white skin was as smooth as silk, which made the red marks on the delicate collarbone and waist and hips particularly conspicuous. She couldn't help but pursed her lips in frustration. The man would not go home to sleep tonight.

She was in a bad mood, so she blew her hair dry and tied it into a high ponytail, put on a loose casual long shirt and trousers, and walked to the villa next door in a pair of flat-soled German trainers.

Just as hands will become rough and deformed from doing manual labor, feet will also become ugly from wearing high heels for a long time.

Now most of the time she no longer needs to use external objects to support her personal image and aura, but instead should maintain her "inner self". It is better to be long-lasting and beautiful than to compete for the spring.

"Sorry, I'm late. How was your chat?" Song Anli walked into the hall of the villa, bringing with her a burst of fragrance.

Zhong Lifang smiled and said, "Boss Miao just said that your tea collection is good, and he plans to take some away."

"Mr. Zhong, you are slandering me. I clearly said that I would ask Mr. Song for some, but when it comes to you, it seems like you just take some away." Miao Nan put down his teacup, stood up and greeted him.

"What's the point of asking for it? You can go to the tea room later and choose for yourself. I'll pack two more boxes of tea."

Song Anli shook his hand familiarly and said, "Don't drink now. It's not enough to drink a bellyful of tea. Let's eat."

"Knowing that you were coming, President Song specially asked the chef to prepare a menu of authentic imperial cuisine." Zhong Lifang took the opportunity to chime in.

Palace cuisine is a classic dish that combines the salty and fresh characteristics of Shandong cuisine and Huaiyang cuisine. It is still used as a menu for state banquets today. The ingredients can be rich or frugal, and cabbage that costs 800 yuan per pound or 80 cents per pound can be served.

There is no need to be extravagant when dining for three people, but the focus is on "per person, per person" dishes that test the chef's skills.

"How was Mr. Miao's conversation with Kujiji? Their situation shouldn't be complicated, right?"

Halfway through the meal, the atmosphere gradually became better. Zhong Lifang brought up the topic quite directly. Miao Nan was speechless for a moment, but the smile on his face remained unchanged. He cleared his throat and was about to say something.

Song Anli spoke first: "We are having a private gathering today and we won't talk about work, let alone investment projects."

"Mr. Song, you are too polite. Kujiji and Xiaoma Pentium are both family members."

Miao Nan swallowed the perfunctory words that were about to come out of his mouth, and said vaguely: "It's easy to talk about family matters behind closed doors. I said the same thing to the crying Boss Ding."

"It's good to be nice, but not too nice. Mr. Xie's style of doing projects is obvious to all. Efficiency and professionalism are both indispensable. Brothers should settle accounts clearly."

Song Anli's tone was gentle and her expression was indifferent, making it impossible to tell what she was thinking.

Miao Nan nodded and switched to another address, "Assistant Song is indeed Mr. Xie's right-hand man. If you hadn't reminded me, I would have almost forgotten my limits. I'll offer you a glass of tea instead of wine. If there's anything else I need to pay attention to, please give me some pointers."

"It's not really about giving advice. After all, as you said, whether it's Crying or Galloping, it's ultimately our family's business."

As expected, there was a follow-up. Song Anli took the opportunity to reveal the key point: "No matter how much valuation Xiyou gives to Xiaoma Pentium, I will not bargain. The ultimate goal is to do the business well. What matters most is that Mr. Xie is satisfied."

Miao Nan was slightly stunned. Today, President Xie had given the lowest valuation prices of 40 billion and 65 billion respectively. He thought this was a warning to him.

That's why he was unwilling to respond to Zhong Lifang's temptation just now. It was only when Song Anli personally questioned him that he had to answer vaguely out of consideration for the relationship.

As a result, the topic suddenly changed in just a few words. What does it mean to not bargain for the valuation? Is it a retreat to advance or is there an under-the-table deal that he doesn't know about?

Miao Nan had a headache. He had joined Xiyou for half a year but the business had not opened yet. Finally, he was working on a project but it ran into the boss's personal relationship. This was really bad luck.

"Assistant Song hit the nail on the head. To be honest, Mr. Xie has high expectations for Pony.

He continued to support the comedy, thinking that since you know very well that President Xie has the final say, please don't make things difficult for a small soldier like me. Just come and sing whatever you want.

"The expectation is because the performance is good. Privately speaking, I think the development of Pony Galloping and Crying Studios has exceeded expectations."

Song Anli slowly wiped the corner of her mouth with a tissue: "So, can we use this investment to conduct a round of in-depth equity adjustments, which will be more conducive to the future cooperation and development between the two companies, as well as the overall operation and management."

"What do you think?" Miao Nan restrained his posture and looked serious.

Song Anli had already made preparations: "For example, we will set up a holding company, based on the shares of Kujiji and Xiaoma Pentium held by Xiyou, and Pei Fei and I will each take out a portion of the shares of the two companies and invest them in the holding company."

“It will be more complicated to adjust the equity structure in this way.”

Miao Nan frowned slightly. After all, he had been working in the capital market for decades, so he knew what the young girl in front of him wanted to do as soon as he heard her.

Song Anli did not comment: "What are the investment conditions that Xiyou gave to Xiaoma Pentium?"

"...60 billion valuation, 20% equity." Miao Nan hesitated for a moment before answering.

Compared with the bottom price given by Xie Jingxing, which cut the valuation by 5 million, finding a mountain in the company is a common rule of survival in the workplace, and carrying private goods in the project is seeking death.

Could it be that he really didn't understand his young leader's investment style? He knew it too well!

"With a valuation of 60 billion, the valuation of Kujiji should be in the range of 30-40 billion, and the share is also around 20%."

Song Anli did not hesitate at all. She made a rough estimate and said to herself: "If the equity structure of the holding company is based on this ratio, Xiyou can directly take back the actual control of Xiaoma Pentium and Kujiji." "Although it is a bit complicated, the project is moving in the right direction," she emphasized.

The equity structure of Kujiji is clear and concise, with Concubine Pei’s 100% stake including a 5% option pool.

The situation of Xiaoma Pentium is more complicated. Last year, Grapefruit Capital launched an acquisition of it, which was divided into 60% convertible bond equity and 12% equity purchased from small and medium-sized investors.

After the transaction was completed, 12% of the shares were transferred to Concubine Pei.

The 60% convertible bond equity was originally scheduled for a three-year term, but this year, with Jin Yan and the Li sisters exiting the market, it was converted into equity ahead of schedule and divided into three parts, held by Xiyou Capital, Pei Fei personally, and Song Anli personally.

During this period, this spring, due to Xiaoma Pentium's participation in the investment in Microfilm Times, the company's cash flow on the books became tight.

Xie Jingxing agreed to launch a round of financing for Xiaoma Pentium and helped contact Alibaba Pictures. Song Anli then used her own personal connections to attract resource-based follow-up investors such as Yunfeng Fund and Yunnan Radio and Television.

After all the operations, the current equity structure of Xiaoma Pentium is that Xiyou Capital holds 31.5% of the shares, Pei Fei holds 22% of the shares, and Song Anli holds 12.8% of the shares.

Alibaba Pictures and other financial shareholders hold 12% of the shares, and the executive team headed by Zhong Lifang holds 8% of the option pool.

Out of humanitarianism, Xie Jingxing agreed to let Li Ming allow Jin Yan and her daughter and the four Li sisters to retain 1% of the shares each, and the remaining shares would be cross-holdings with external cooperative companies for projects such as cinema investment.

The Xie family holds a total of 66.3% of the shares. Pei Fei and Song Anli both hold large proportions of shares. Even if Xiyou increases its stake by 20%, it will not change the fundamental situation.

Song Anli had a slightly ambiguous smile on her face. Xie Jingxing seemed to dislike her snatching things from Concubine Pei, but he still agreed with her behavior.

Maybe it was out of affection for her, or maybe it was just a coincidence...

Assuming that Xie Jingxing holds 20% of the shares of Kujiji and Xiaoma Pentium respectively in this round of investment, a holding company will be established with these two 20% shares.

She took out 5% of her personal stake in Xiaoma Pentium, Pei Fei personally took out 10%, and then took out 30% of the shares in Kujiji Studio, and used these three shares as capital to invest in the holding company.

This holding company then holds a total of 35% of the shares of Pony.com and 50% of the shares of Kujiji Studios.

Since the valuation of Pony.com is twice as high, and coupled with the resource background of Grapefruit Capital, it is reasonable for him to hold a 51% stake in the holding company.

So in short, with the distribution of interests unchanged, Xie Jingxing actually controls the holding company through the equity structure, and thus indirectly controls Pony.com and Kujiji Studio.

"With this calculation, I now have shares in Kujiji Studio. Concubine Pei's interests in our two companies are clear and explicit, and our competition and cooperation are more targeted." Song Anli told him everything without reservation.

She does not compete with peach and plum flowers for spring, but picks them and gives them to young men. She gives men whatever they want.

What a good brother who settled the accounts clearly and took back the actual control of Kujiji Studio to Xiyou Capital.

Miao Nan sighed quietly. The young woman in front of her, who had risen with President Xie all the way, already had some of President Xie's shadow in her.

Wouldn't it be a shame to offend Concubine Pei by doing this?

"Boss Song, from Xiyou's perspective, why not take back the actual control of the company we have nurtured? As the project leader, if I reject your proposal, I will be too embarrassed to go back to the company to see Boss Xie."

Miao Nan unconsciously became more frank: "But what does Mr. Pei think? Shouldn't we talk about it openly?"

"You are the leader of the project. I am just making a suggestion." Song Anli refused bluntly.

You're using me as a gun. Miao Nan's face immediately showed some displeasure as he reacted. I'll be the bad guy and compete for your favor in front of President Xie.

If Concubine Pei whispers something in my ear, I won't be able to survive. The life of a worker is also a life.

"Boss Miao, how come you forgot the reminder I just gave you? It's good to be nice, but not too nice."

Song Anli raised her hand and poured him some tea: "You have to do this project slowly and steadily, otherwise the water will overflow."

"..."

Such a blatant reminder made Miao Nan figure out the feeling and he couldn't help but break out in a cold sweat.

If Song Anli personally came forward to talk to Concubine Pei about his mediation, does it mean that the three of them had already colluded in the two investment projects that were in front of them to regain actual control?
Using the pretext of recovering actual control, they made Mr. Xie pay out billions of real money.

"How about this, I'll contact Mr. Pei to talk first, and if it's feasible, I'll report to Mr. Xie."

Miao Nan adjusted his attitude and let him take the lead, with the three parties communicating in a single thread and the decision-making power given to Mr. Xie.

"Try your best. President Xie has seen how much work you have done. It's getting late, so let's leave it at that for today." Song Anli finally encouraged politely.

Miao Nan picked up the warm tea and drank it all in one gulp, which soothed his heart and warmed it. This time he was really close to the top of the mountain, and his efforts were not in vain!
…………

Everything was quiet. Song Anli took advantage of the night to leisurely return to the villa next door to rest. She looked up at the sky and said, "It's almost Mid-Autumn Festival."

"Well, it's just a few days." Zhong Lifang followed beside him, not knowing what was going on.

"The smog in Beijing has eased in the past two years, but you still can't see the stars. The light pollution in the urban area is serious."

Song Anli said with interest: "How about we make a slow-paced reality show, away from the city and chasing stars in the wilderness."

"You know what? It sounds interesting at first glance. Let's ask the variety show department to discuss it later."

Compared to Miao Nan who was cautious in everything, Zhong Lifang was much more relaxed in her words and deeds. After working together for more than half a year, the two had a good working and personal relationship.

Song Anli nodded: "Let's call it "Star Chaser". At most, the star's salary will cost a little, but the other production costs won't be expensive."

Giving away 60% of the equity at a valuation of 20 billion yuan means raising 12 billion yuan.

Yang Mi worked hard to get a capital investment of only 3 million yuan. It is a serious problem for Xiaoma Pentium to spend such a large sum of money.

There is no need to elaborate on the investment in artist management companies, the accelerated expansion of the self-operated cinema system, the ability to produce own film and television series, etc. Among them, variety shows are particularly worth mentioning.

The entry of capital into the film and television industry is manifested in the invasion of Internet video platforms, which disrupts traditional film and television distribution terminals.

The general public no longer needs to sit in front of the TV and be forced to watch advertisements. They can just search for any entertainment program they want on the Internet platform. This can be roughly summarized into three characteristics: convenience, freedom, and segmentation.

Expanding from this to the macro level, live streaming is more segmented than video platforms, covering everything from food broadcasts to outdoor live broadcasts, and can even be described as curious.

Online novels are more convenient than video platforms. You don’t even need to listen to the sounds. You can just take out your phone and take a quick look anytime and anywhere. And except for a few impotent authors, the content is updated every day.

Games are more free than video platforms, and you can play them however you want.

This leads to another problem: video platforms are also facing decentralized pan-entertainment competition, and traditional film and television entertainment content has become less attractive to users.

Variety shows with relatively short production cycles, segmented content and high degree of freedom will occupy a large market share in the future.

This is Xie Jingxing's judgment. Song Anli trusts him wholeheartedly and unconditionally. Xiaoma Pentium will try to join the game next.

She blinked her eyes and looked at the North Star in the night sky, which was always shining brightly. For no reason, she felt that making a show about chasing stars would definitely be a hit!

(End of this chapter)