In previous lives, Ahri and Penguin also invested in Canxing, and Canxing also co-launched the variety show "Instant Electronic Music" with Penguin Video.

However, Zhang Yida remembered that starting from this year, Canxing seemed to have started to decline, and its performance had deteriorated. It was also stolen from the limelight by iQiyi's "Hip-Hop in China" and Penguin's "Produce 101".

That's why Zhang Yida dared to make a three-year bet.

"What about not completing the bet?" Li Ruigang thought for a while and then asked.

"Recalculate the valuation based on 20 times PE. The original shareholders will provide equity compensation to Zhonghe Group."

Li Ruigang asked again: "How much does Zhonghe Group plan to invest?"

“Should the share exchange between DouShi and Canxing Culture be carried out as mentioned last time?

If not, we will invest 300 million yuan in cash; if there is a share exchange, we will invest an additional 1 billion yuan."

Li Ruigang smiled and said: "Our board of directors has discussed it. The size of DouShi is too big and is not on the same level as ours. It is better not to exchange shares!"

Li Ruigang has repeatedly analyzed DouShi's valuation of tens of billions of dollars, and still feels that the valuation is too high and somewhat unworthy.

A software that has been popular for less than two years has been valued at nearly 100 billion yuan. I don’t know how big the bubble is.

"It's okay if you don't exchange shares, then invest 300 million yuan in cash."

Zhang Yida wanted to tie Canxing Culture onto the DouVision chariot, but the other party didn't catch it, which made him a little regretful.

"Mr. Zhang, don't you invest more? 300 million is only 2% of the shares."

Zhang Yida smiled and said: "Zhonghe Group is still a start-up company with limited funds. We can increase the funds later when we have sufficient funds! Just buy a few shares now and form an alliance."

Zhang Yida actually wanted to make a fortune of one billion or two billion, and wait three years to ensure that he would win the bet and earn money.

However, one is that funds are currently not allowed, and the other is that the equity of Canxing Culture is dispersed, with many outstanding producers holding shares.

I won so much on the bet that I became a major shareholder and was dumbfounded when I forced the talent away. The most important asset of this kind of company is talent.

Only with talent can we have a steady stream of hit variety shows. Without talent, we can't sustain our two-year investment.

The company is a bit useless. Just like Penguin, Ahli can just invest a few points or two in the company. There is no need to pursue a controlling stake.

"Okay, 300 million is 300 million. If you want to make a bet, you need to negotiate with the original shareholders."

Zhang Yida smiled and said: "Don't make me wait for several months like last time."

Li Ruigang repeatedly waved his hand and said no. He had delayed the release of the 2016 financial report, and there was no point in delaying it any longer.

Zhang Yida stayed in Magic City for another day. After the shareholders of Canxing Culture arrived, they signed an investment agreement and a gambling agreement together.
Chapter completed!