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Chapter 666 Source

Oriental.com's influence has expanded to the entire Chinese-speaking region, because the latest news reports and numerous reports on sports, entertainment competitions, and events have made Oriental.com have a lot of influence and users in the entire Chinese-speaking region.

Not only in China, but also in Southeast Asia, users of Southeast Asia such as Singapore, Thailand, Japan, South Korea, Malaysia, etc., also log in to the overseas version of Oriental Network to learn about the latest domestic news, watch various entertainment news, and various sports competitions.

Although there has been no big publicity in China, in fact, over the years, domestic news, entertainment, TV series, movies, etc. have also been entering these Chinese-speaking regions as overseas Chinese continue to expand.

Not to mention that the entire Southeast Asia region has always been a ticket shop for Chinese-language films. At the most glorious moment of Hong Kong City movies, dozens of movies are released in Southeast Asia every year, constantly harvesting the box office of the movies, and even once accounted for a large proportion of the movie revenue.

After the establishment of Oriental.com, it also entered these regions and became one of the most visited websites in these regions. Oriental.com's overseas revenue is also increasing.

Compared with domestic profits, Oriental.com is basically a drop in the bucket, but the key is to expand its influence, not how much profit it is. Especially when it goes public, if there is an international market, it is easier for Wall Street and those foreigners to value Oriental.com.

Since the New Year, Oriental.com has basically operated around listing. Cao Guowei has done a lot of work to obtain financial reports from Oriental.com. There are no problems on the books. It can be said that it is quite beautiful.

After a while, Chen Chu will win a group of senior executives with Oriental.com to go to North America once and negotiate with several major investment banks about Oriental.com's listing will officially kick off!

Chen Chu was not worried about Oriental.com. When the mobile Internet wave was not yet on the rise and was still in the PC Internet era, portals occupied the Internet market and had a considerable market share. If you don’t look at Yahoo’s repeated attempts over the years, you are still alive now.

In the era of mobile Internet, Yahoo, which missed the opportunity, cannot get up again no matter what. This shows the importance of the market and the trend. After all, no one can go against the trend!

As long as Oriental.com maintains its title as the largest portal in China, it will be a foregone conclusion on the Nasdaq, not to mention that Oriental.com still holds it, and now it has become the largest outdoor advertising in China, a large number of shares in Focus Media.

Oriental.com is listed, but not only one company, Oriental.com, is almost equivalent to listing at the same time as Focus Media. It is conceivable that countless people have long been looking forward to it and waiting for Oriental.com to go public.

Foreign investment banks, a large group of domestic investors, including Qin Changqing, Wei Mengqi and others, as well as the top and bottom of Oriental.com, Chen Chu and Chuke Technology, are waiting for Oriental.com to get a sufficient amount of cash after it goes public!

It is almost the general trend that Oriental Net is going to be listed, and no one can stop it. Although it is suspected of being a thrust into growth, it is basically the case these days. If you miss the opportunity and want to get it, it will be extremely difficult!

Looking at the documents sent by Cao Guowei, Chen Chu replied to Cao Guowei some important things about Dongfang.com to Cao Guowei, including Dongfang.com's equity structure. If Dongfang.com wants to go public, it needs to separate the equity structure like Sina, Sohu, etc., etc. This is Cao Guowei's accounting specialty.

After dealing with these, Chen Chu felt a little tired. Chen Chu almost didn't stop this afternoon. He looked up and saw that the sky outside had dimmed.

There were several documents on the table waiting for Chen Chu to deal with, especially the matter involving Blockbuster and Renren Technology, which made Chen Chu only cheer up.

He asked Qiao Xueling to come back from the restaurant department with a dinner. Chen Chu took a few sips casually and drank a bowl of hot porridge, feeling a little more energetic.

Now the master who is in charge of Chuke Technology Headquarters has mastered his skills and is quite like a chef. After all, he has to change his ways every day, of course this is related to the salary given by Chuke Technology.

Now Chuke Technology pays only a lot of salary for the back kitchen than those five-star hotel chefs. In addition, the weight of doing so many people every day, this skill has been practiced.

In addition, Chuke Technology's pressure is much smaller than that of those big hotels. People who eat Chuke Technology are not so picky. As long as it doesn't taste too bad, they usually don't say anything. Occasionally, they do it well, and there are various rewards!

After eating a little bit of food, Chen Chu took a few sips of tea and began to get busy. Today, he probably still needs a lot of time.

When I opened the documents sent by Renren Technology, Chen Chu did not read the content first, but opened the documents sent by him. It was a third-party audit agency hired for Chuke Technology. It was about the cooperation between Renren Technology and Viacom, and the merger report of Blockbuster and Renren Film and Television.

Compared with the reports issued by Renren Technology, the reports issued by third-party audit institutions are naturally more objective.

Renren Technology has begun to fully cooperate with Viacom. Viacom's huge content copyright has been opened to Renren Technology's businesses, including CBS, Paramount, MTV, Showtime and other TV series, movies, music, etc., and has successively logged into Renren, Facebook, Renren Music, Renren Film and Television and other platforms.

The cooperation between the two sides has officially entered a honeymoon period. These cooperations have brought about qualitative changes in RenTech's content library and have basically settled the throne of the world's largest digital content service provider. The rest of the competitors have been widened compared with RenRenTech and maintained the advantages of RenRenTech.

Especially in terms of Renren Music, the two strong competitors they face, Sony Records and Apple's i-super es, as well as the music consortium composed of Amazon, Microsoft, Yahoo and Universal Records, are Renren Music's strongest competitors.

Renren Music holds the music copyrights of three record companies, Warner, BMG, EMI, and a large group of small and medium-sized record companies, and has formed a confrontation with Apple, Amazon, etc. Although Renren Music has the advantage, its competitors are definitely not weak. Basically, Renren Music, Apple's i-butt es and music consortiums formed by Amazon, Yahoo and Microsoft, occupying more than 90% of the current digital music market.

After all, behind this is the support of five major record companies. Now with the support of Viacom and the content support of TV stations such as MTV that have many music copyrights, let everyone music have a huge number of film and television songs in a flash, allowing everyone music to gain an advantage again.

Not to mention Renren Film and Television, before, Renren Film and Television could only cooperate with declining film companies like MGM to obtain some of its outdated old movies to support the film and television library.

Even if it cooperates with small and medium-sized film and television companies, Renren Film and Television still obtains content authorization from companies such as Lion Gate Pictures, Tingfeng Entertainment, Searchlight Business, DreamWorks and other companies at high prices every year, which is a huge burden, and often does not obtain the latest film copyright.

After working with Viacom, this situation was very different. Paramount authorized all the latest film copyrights to Renren Film and Television, which allowed Renren Film and Television's online film and television resources to quickly expand.

After cooperating with Viacom, the users and revenue of Renren Music and Renren Film and Television have been significantly improved, which shows how attractive the content is to users!

At present, Renren Music is still continuing to maintain profitability, but the profit growth rate has been significantly slowing down. Last year, Renren Music expanded wildly with the ringtone, which made the global record industry and communication operators completely red.

By this year, professional statistical agencies have statistics, and operators and content providers providing ringtone services around the world have had more than 40 last year, and by this year, there have been more than 500 ringtone operators, and the entire ringtone market has been overdrawn.

With the increase of ringtone service providers, although the ringtone market is still expanding, the revenue of each ringtone operator is decreasing.

Last year, Renren Music’s single-month color ringtone revenue reached 300 million US dollars, and its monthly revenue at its peak was 400 million US dollars. It was really a 10,000 taels of gold when the ringtone rang!

Renren Music is also in full swing. By this year, the proportion of Renren Music's ringtone business has dropped by more than 30%. As the world's largest ringtone supplier, Renren Music's ringtone revenue is also the direction of the entire ringtone market. The ringtone market has become a red ocean. Even so, countless new ringtone service providers have entered this market.

After all, although it is not as profitable as before, it still makes money. It is just that it used to make 100 yuan, but now it can only make fifty or thirty, but there are still some.

In the emerging profession, the monthly income of ringtone makers also exceeded 8,000 RMB for the first time, and the monthly income of ringtone makers in China reached 2,100 US dollars, which shows how popular this industry is.

This also shows that the costs and expenditures of the entire ringtone business are also increasing rapidly, and profits are also shrinking.

Life is not easy, but Renji is still good. Although the ringtone market is fighting for a red ocean, Renji relies on the relatively stable domestic market and the ringtone market in Southeast Asia and Europe, it can still steadily gain dividends for several years.

Especially what interested Chen Chu was that Renren Music was still expanding its business. When Chen Chu saw Fu Ziguo sending him a report, he mentioned that Renren Music cooperated with several major PC computers and mobile phone manufacturers to directly appear on computers, mobile phones and other products in the form of product factory content.

These popular ringtones and songs have also become new selling points for these products to attract users to purchase. Renren Music also charges these manufacturers 20 to 30 cents per product!
Chapter completed!
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