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Chapter 297 Guan Qiuhe brought back an ice frog(2/2)

"..."

A few minutes later, Fang Nian met Mr. Guan Qiuhe, who had been abroad for nearly 20 days.

Even in the cold winter, she still looks so graceful among the crowd.

It's just that her delicate and old-fashioned makeup has a touch of cerebral palsy.

Wearing a small white waistcoat, she is far more elegant and calm than some petty bourgeoisie states described with delicate writing.

Unfortunately, Fang Nian has never been good at appreciating Guan Qiuhe's beauty.

So when Fang Nian looked Guan Qiuhe up and down, the first thing he said was: "It seems that capitalism is a bit charming, and the butter over there is making you fat."

Guan Qiuhe was so angry that he almost wanted to strangle this guy to death in public.

He rolled his eyes, glared at Fang Nian and said, "We haven't seen you for a month, why are you so incapable of talking!"

"Don't be so serious. Always say something different to show that I care about Mr. Guan seriously." Fang Nian joked.

Guan Qiuhe: "..."

"Take my car back?" Fang Nian asked.

Guan Qiuhe nodded.

Of course she didn't come back alone, but she came to see Fang Nian alone.

Even the four-seater Phaeton cannot accommodate those older people.

Although Guan Qiuhe's trip to the United States was relatively low-key this time, there were also many business people accompanying him.

After all, it involves contracts, negotiations, etc.

During this trip in the United States, Guan Qiuhe did not communicate with Fang Nian in a hurry.

There are also other reasons why Qiu He was thinking about not disturbing Fang Nian’s final exam...

…………

After starting the car, Fang Nian glanced at Guan Qiuhe and asked, "How is it? What have you gained in the United States this time?"

"Yes." Guan Qiuhe said with a smile, "After all, I have been here for twenty days, and I have made a harvest."

Fang Nian smiled: "It seems that the harvest is not much?"

Guan Qiuhe pursed her lips: "It should be said that it is less than you think."

The car quickly got onto the Yan'an Elevated Road.

Guan Qiuhe looked calm and said unhurriedly: "Let's talk about the Riot game you are looking forward to first. After all, this is also our first stop."

"Goose Factory has spent millions of dollars to hold 22.34% of Riot Games' shares as early as 2008. Riot Games itself does not refuse capital intervention, especially now that the game they launched, LoL, is still operating at a loss..."

Listening to Guan Qiuhe's words, Fang Nian also remembered some things in his memory.

The game League of Legends was not very profitable from the beginning.

On the contrary, the League of Legends operated by Riot Games was even at a huge loss at the beginning.

According to some news that Fang Nian remembered, as of the end of 2011, Riot Games was still operating at a loss.

However, this situation improved in 2012.

First of all, Goose Factory acquired 92.78% of Riot Games’ shares as early as the beginning of 2011.

In addition, League of Legends was launched in the country in September 2011 and quickly turned losses into profits.

In 2013, League of Legends became the second most profitable game in the world, bringing revenue of US$624 million to Riot Games.

"After negotiations that week, a memorandum of cooperation was initially reached, and the company spent US$4 million to acquire 10% of Riot's shares."

After a pause, Guan Qiuhe added.

"According to the information I found, the price is more than double that of 2008. This is another loss-making business."

Hearing this, Fang Nian was dumbfounded: "Sister He, your calculation is wrong.

You should think so, according to this algorithm, by this time next year, the value of fist should have doubled again."

Fang Nianke remembers clearly that on February 18, 2011, Goose Factory completed the acquisition of 92.78% of Riot Games’ shares. Riot was valued at US$341 million at the time.

It has increased by 8.5 times from its current value.

Guan Qiuhe glanced at Fang Nian dissatisfied: "Stop fooling me like this."

Then he said: "There are so many things about Riot Games. We can't talk about LoL. On the one hand, this game is already popular in the United States, and on the other hand, Goose Factory is obsessed with this game."

“The most critical thing is that Riot Games does not recognize the operational capabilities of ‘fun-loving’.”

Hearing this, Fang Nian sighed: "To be honest, I think Riot Games' view is right. I'm not very optimistic about the current operating capabilities of Greed for Fun."

The topic diverges here.

Guan Qiuhe also sighed: "The last meeting has lasted for two full weeks, and the latest progress in product development has still not been reported."

"Be more prepared." Fang Nian said bluntly.

Guan Qiuhe nodded in agreement: "I will."

"Let's not talk about this for now. Let's finish talking about your gains in the United States. Then you go home and get jet-lagged. Let's take some time to talk heads tomorrow afternoon." Fang Nian brought the topic back.

Guan Qiuhe looked out the window, tidied up a little, and said.

"Although we haven't built our own gaming platform yet, I still followed your advice and traveled more in the United States."

"I went to Seattle on the afternoon of the 17th, and the rest of the further contract terms with Riot Games were finalized and left to the business owners."

“I stayed in Seattle for almost two weeks, mainly discussing with the senior management of Valve, the operating company of Steam, on the one hand, the licensing cooperation plan of ‘Minecraft’.

By the way, we talked about the possibility of additional cooperation between Steam and us."

After a pause, Guan Qiuhe continued: "The negotiation was not very smooth, and the authorization method was a big thorn in the side."

"It can only be said that the result is a memorandum of cooperation that still needs to be improved. Villefort does not refuse to cooperate, but he is not very satisfied with the terms of the cooperation."

These are within Fang Nian's expectations.

In fact, Guan Qiuhe's talent in business cooperation has already been demonstrated very well.

A 10% stake in Riot Games. This thing is very useful. If you hold it in your hand, sooner or later someone will ask for it.

"It's good to have a preliminary cooperation memorandum. We have to figure out the rest ourselves." Fang Nian said, "It's much better than I imagined."

Guan Qiuhe glanced at Fang Nian: "Okay, don't comfort me, but I didn't have too many expectations from the beginning."

"..."

After joking for a while, Guan Qiuhe seemed to think of something and said something.

"I brought back a game developer from Valve, named Ismail, but he prefers to use his own ID, called icefrog."

Fang Nian: "!"

Fortunately, Fang Nian was more rational and did not slam on the brakes, but drove the car smoothly.

He just stretched out his hand and gave a thumbs up: "Sister He, you are really awesome! You are so awesome! Really! You even brought the ice frog back!"

======
Chapter completed!
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