The headquarters of Paradise Online is in a building north of Zhejiang University Yuquan Campus by West Lake. The 12-story business building accounted for half. As the company became more and more prosperous, Paradise Online has already circled 130 plots of land in the prime area next to the Huanglong Sports Center on the west side of Zhejiang University campus, and plans to cooperate with Zhejiang Greentown Group to build a comprehensive headquarters park.

The once famous Greentown is also a real estate company that the Westeros system focuses on supporting in China.

It was June 7th in a blink of an eye.

Wednesday.

Simon visited Paradise with Lin Su in the afternoon.

"In terms of content strategy, we found that the information on the portal website is too simple and decentralized. Therefore, since last year, we focused on a plan to cultivate a series of subdivided professional websites, involving sports, software, military, movies, digital, finance, education, etc. So far, we have incubated 37 projects, of which 2 have visited over 10 million per day, 7 have exceeded one million, and the others are basically over 100,000, which is very successful overall. Next, our paradise portal will gradually tend to navigate the entrance and introduce traffic to each subdivided content project, rather than tending to self-produce content."

Interior of the conference room.

Simon and Lin Su sat in the audience together, waiting for the CEO of Paradise Online Liao Chengyu to finish his speech and asked: "What is the equity structure of these projects?"

Liao Chengyu said: "We basically adopt the investment and shareholding model, which is considered to be the enthusiasm of the project team. Otherwise, we are solely owned by us, which is no different from internal projects. I think it is difficult to be in a white hair. However, at present, we maintain an absolute majority controlling stake of more than 50% of all projects and the exclusiveness of all project website content. In this regard, even if the shareholding ratio is reduced to less than 50% in the future, because there is a binding agreement, it will not change in the short term."

Simon refused to comment. Lin Su beside him thought the man was not satisfied and whispered to explain: "You have said it yourself, we can't eat all the benefits."

"Not this," Simon shook his head: "The problem is that the content is exclusive. Paradise Online's traffic is indeed objective, but limiting these websites to one will definitely hinder their development." As he said that, he looked at the two of them separately, and then said: "You know that I have shares in several Internet companies in China at present, so I am considered one."

More than just holding shares?

Liao Chengyu said a sentence in his heart, and his expression calmly argued with the big boss: "Mr. Westeros, the problem is that we are no longer a company, but a competitive relationship. You are from the United States and you must understand that only by competition can you make progress. Since it is competition, everyone must give priority to their own interests. At present, each company is running a portal business, and the homogeneity is serious. It is difficult to say how many people can survive to the end. We must maintain our competitiveness."

With the current deviation from history, it is difficult to say what is right or what is wrong. Or, which company succeeds in the future is right.

Success or failure is a hero.

Simon thought to himself, nodded, and said nothing, signaling Liao Chengyu to continue.

Liao Chengyu continued to introduce some projects that Paradise Online are operating. At the end, he put down the projector remote control and looked at the young tycoon sitting in the audience: "Mr. Westeros, the last thing is, about Paradise Online's IPO, I have submitted two reports to the board of directors since last year, and both were rejected. Can I ask why?"

This question did not surprise Simon, and there was no need to consider it, and directly gave an answer: "Because Paradise Online is too profitable."

Liao Chengyu was obviously a little surprised: "Ah?"

Simon showed a little unidentified smile: "I have read your Chinese newspapers in the past few days and there is a very interesting news. The tycoon named Mou was sentenced to life imprisonment a few days ago."

Liao Chengyu is a smart person, and after a little thought, he understood the big boss’s ideas.

Don't want Paradise Online to be too successful.

After all, once an IPO is released, it means that financial reports will be announced. With the increasingly prosperous online game business, Paradise Online, like Jiangnan Interactive Entertainment in Suzhou, will both have revenue exceeding one billion this year. Judging from the data from the first five months, it may even be close to 1.5 billion. Even if the team has made a series of investments that have spread money, its net profit is expected to not be less than 300 million.

The profit-making level of selling white powder.

For IPO, even if the valuation of Paradise Online is calculated based on a relatively conservative 30-fold price-to-earnings ratio, it can reach US$1.1 billion. In fact, if it is really listed, with the current hotness of the new technology market, it is easy to break through a 100-fold price-to-earnings ratio. This is the market value of US$30 billion, equivalent to RMB 30 billion.

Not to mention the others, Liao Chengyu's personal holdings in Paradise Online will become a billionaire in minutes by then.

Even if it is 2,000 now, it is not that common in China's billionaires.

In short, both companies and individuals will become the leader.

Thinking of this, Liao Chengyu hesitated a little and tried to say, "Mr. Westeros, I think that in this way... Heaven Online needs an IPO more. I mean, conduct an IPO overseas, right?"

"This is just one aspect," Simon shook his head again and said, "Also, on the one hand, with the Chinese public opinion environment, online games have always been controversial in this country. So, you need to do all the businesses just introduced to make this company look more decent. On the other hand, Nasdaq has been overheated and it is difficult to hold on for too long. Now that the IPO process is started, once the bubble collapses during listing, it will be disastrous for this company. So, I need you to wait for a few more years. At that time, I believe that China's overall policy environment will be more open, and Paradise Online's valuation will be more considerable."

The big boss said this, and Liao Chengyu could only give up his thoughts.

After talking about some company matters, Simon took Lin Su away with him after seeing that the time was about the same.

When he arrived downstairs, Lin Su got into a Mercedes-Benz luxury car with the man. When the car started, he hesitated for a moment, and said, "I always feel that Simon, are you still a little prejudiced against China?"

"Um?"

"About Paradise Online IPO," Lin Su said, explaining again: "Of course I'm not for more money, but... I mean, you don't need to be so cautious. We've been constantly improving the protection of private enterprises."

Simon caught a word and smiled and said, "We?"

Lin Su reacted, felt guilty for a moment, then raised her chest slightly: "Yes, we. I am Chinese."
Chapter completed!