Bonima rubbed his eyebrows, "It can't be 10 billion U.S. dollars, right?"

"You really guessed it!"

Liu Zhiping smiled and said: "That's 10 billion US dollars, 2 billion US dollars, plus 10% of Zhonghe Group shares."

“Zhonghe Group is valued at US$80 billion?”

Bonima looked at Liu Zhiping, his mouth slightly opened, looking shocked.

"Are you sure you're not mistaken?"

Liu Zhiping nodded solemnly, "It's absolutely true!"

"Are these two companies here to make fun of each other? Join forces to create hype?"

Bonima said with a smile: "If we do this, we might as well sell Kuaishou to Zhonghe Group at a valuation of US$6 billion, and the combined valuation of the two companies would be US$48 billion.

At least 40% of the $80 billion valuation they now claim is water."

Liu Zhiping smiled and said: "It's different. Although the equity transaction part is an additional 10%, the cash transaction part has a difference of US$800 million."

Ren Yu also interjected: "The real acquisition price of Kuaishou this time is between US$6.8 billion and US$7 billion, US$2 billion in cash, and the value of the remaining 10% of Zhonghe Group's equity is between US$4.8 billion and US$5 billion."

Liu Zhiping nodded in agreement, "Yes, the cash part of 2 billion US dollars cannot be faked, and I think the rest of the equity part is a bit watery.

You know, Zhonghe Group was saddled with bets during its previous B-round financing, and its true valuation is currently less than US$40 billion."

"One bubble has not been digested, and another bubble has blown up."

Bonima shook his head and laughed, "80 billion U.S. dollars, how dare you brag about it. Two days ago, Qiandu's stock price reached 233 U.S. dollars per share, and its market value briefly reached 80 billion U.S. dollars.

But it couldn't hold on for a day, and the stock price fell back at the close, sliding down from US$80 billion again.

US$80 billion is a threshold. Whoever stands firm above it will be the third largest Internet company.

Zhonghe, we are still far away! Say hello to Zhang Yida. Don’t mention US$80 billion in the press release.

This is a complete joke! Not to mention the industry, even ordinary netizens don’t believe that his company, which has been established for less than three years, has such a high valuation!”

Liu Zhiping smiled and said: "Zhang Yida should be measured. The gambling agreement states that the valuation will reach US$80 billion within two years."

"Two years from now," Bonima nodded, "then the bubble will almost be digested. And Zhonghe Group will still have to make 80 billion or even 100 billion in revenue."

"Yeah, 80 billion, 100 billion in revenue, Pony, where do you think this revenue should come from?" Liu Zhiping asked.

“Isn’t TikTok becoming commercialized? It must be advertising!

Kuaishou is for live streaming, and Pinduoduo is for e-commerce. It probably consists of these three parts!”

Liu Zhiping nodded, "30 billion for e-commerce, 20 billion for live streaming, and 50 billion for advertising.

Two years later, it will not be difficult for Zhonghe Group to achieve this goal. DouShi’s revenue is set at 20 billion, Kuaishou’s live broadcast revenue is already several hundred million per month, and Pinduoduo’s GMV is also growing rapidly...

…”

After listening to Liu Zhiping's analysis, Bonima nodded thoughtfully, "So, Zhonghe Group is very hopeful to become China's third Internet company with a valuation of over 100 billion US dollars?"

"If nothing else happens, it should be inevitable."

Liu Zhiping said with a heavy expression, "Zhonghe Group monopolizes the short video track and controls huge traffic, which will also have an impact on Penguin Group.

An all-round impact!

In addition to financial and corporate services, the other three main revenue sectors: games, digital content, and advertising will be directly or indirectly affected.

Therefore, we need to re-examine the relationship between Zhonghe Group and us.

In addition, don’t forget that there is also a Ruixiang Group.

Counting Ruixiang Group, our four main business incomes all directly or indirectly conflict with Zhang Yida's industry."

Ren Yu said: "Let me interrupt, Leech Golden Clothes cannot be underestimated, it is also our mortal enemy.

Revenue from financial technology and enterprise services has grown rapidly and has almost replaced digital content revenue as the second pillar of revenue.

In the future, it is not impossible to surpass games and become the largest revenue pillar."

Bonima nodded. He has been thinking about ToB's strategy recently.

If Penguin, a big ship, wants to maintain an average annual revenue growth of tens of percent, it must constantly improve or change its growth engine.

The industrial Internet is a direction he is very optimistic about.

The outside world has always believed that social networking is the foundation of Penguin, and gaming is Penguin’s cash cow.

This understanding is correct, but it is not the whole story.

Penguin's financial technology and enterprise services have never been listed separately. They have been developing in secret and are only mentioned as other businesses in the financial report.

In fact, this is the real trump card in Penguin's hand.
Chapter completed!