Chapter 753: Series C Financing I
After drinking with Liu Dong and his wife until they were slightly drunk, Liu Dong took the initiative to say goodbye with satisfaction. Yang Cheng politely made a move and did not try to keep him. After all, the relationship between the two was not as good as staying at each other's house.
As for Su Su, she could naturally stay and fight with Yang Cheng for a night without any scruples.
...
Two days later, the day was the beginning of the week. New York was particularly busy on Monday, and the wide Fifth Avenue was filled with crowded traffic. The anxious drivers kept honking the horn. In fact, they knew that this was useless, after all, their cars did not have wings.
The New Era Building is very lively today. All employees have been instructed by the upper class to go to work in formal wear. The programmers who are usually sloppy have also changed their appearance today. They have suits and tie and hair are meticulously taken care of. Even the messy scenes at work are swept away, clean and tidy, and the air is filled with a thriving smell.
God is also very proud of his face. The sun shines brightly, and the wind blows with the fragrance of flowers and plants, warm and pleasant.
In such weather, starting early in the morning, luxury cars in front of the New Era Building are endless. Today is the day of New Era Media's round C financing, and it is also the first time since its establishment that it has held a formal board meeting.
Eight shareholders and directors who have entered New Era Media since the B round of financing gathered together, and more representatives from Wall Street or top companies were present in person to witness this financing case that might shock the world.
As the founder and largest shareholder of New Era Media, Yang Cheng personally welcomed all the guests in front of the big conference room. Needless to say, the investment bankers who usually live on Wall Street arrived very early, and everyone had a happy smile on their faces. Although they came here today, everyone knew in their hearts that the more money they spent today, the more rewards they would be in the future.
Georgina, who failed to catch up with the second round of financing due to various reasons, rushed back to New York from the Australian horse farm today and appeared in front of Yang Cheng as a brand new strong woman. When the two looked at each other, warm and hugged from the bottom of their hearts, Georgina left a meaningful look, and then stepped on her high heels to enter the conference room, found her nameplate to sit down;
Yang Cheng smashed his mouth and greeted the next VIP. Jack Ma, who flew from Country Z to attend the shareholders' meeting. Jack Ma gave Yang Cheng enough face, but after a polite hug, he mentioned another thing, "jason, you proposed that Alipay sponsor Liverpool's chest advertisements before. After research and investigation, I agree. When will you send someone to discuss the specific matter?"
Before he could escape from the imagination space left by Georgina, Yang Cheng was stunned for a moment. Until Jack Ma patted his arm, he said apologetically, "I just suddenly remembered something. I'm sorry, but I heard what you said. Alipay can become the main sponsor of Liverpool. I personally want to see it. Don't worry, I will call Liverpool to connect with you when I look back."
Jack Ma was wearing a Zhongshan suit today, which was particularly conspicuous among a group of suits, but his aura did not weaken at all. Those present were all acquaintances. No one would hold a super rich man from the world's largest market accountable. Therefore, when Jack Ma entered the conference room, the atmosphere suddenly rose and it was lively and peaceful.
Next, David Ellison and Amanda Hurst were present together, which surprised Yang Cheng. Because of the disharmony between Amanda's unlucky cousin, David Ellison also volunteered to teach Yang Cheng a lesson, and wanted to grab the shares in the Hurst Group.
Yang Cheng didn't pay attention to the result later. He only knew that Amanda's cousin was punished very much, but he really didn't know whether the shares were handed over, but there shouldn't be. If there were large shares transactions, how could he, the chairman, not know?
"Hey, man, you're so handsome today~" David Ellison is really getting more and more out of line. I won't mention the white suit with a sexy bag. Where did the eyebrows go? Shaved?
Yang Cheng couldn't bear to complain, so he had to turn his attention to Amanda, who was also dressed in suits and trousers. This sky blue neutral suit was really heroic.
Before he could speak, Amanda took the lead and said resentfully, "You can't let me suffer a loss today~"
Yang Cheng pinched his nose and didn't respond. He couldn't get too entangled with women. He owed too much love debt and would sooner or later he would not be able to pay it back.
At this point, all major shareholders have arrived. With the arrival of senior leaders of Yang Cheng's four-dimensional space and New Era Media, the wide wooden doors of the conference room were heavily closed.
The first place on the oval conference table is naturally Yang Cheng's position. On his left are major shareholders, each shareholder is still sitting behind his entourage, and on the right are executives of four-dimensional space and New Era Media. Not only Eddie and Ryze, leaders of various departments, including the chief financial officer and vice president, attended the meeting. The meeting was far beyond the ordinary board level.
On the big screen facing Yang Cheng, a promotional video made by the New Era Media was scrolling. As the picture came to an abrupt end, the venue slowly calmed down. Everyone knows that the meeting was about to begin.
Yang Cheng coughed twice, leaned forward slightly, and did not deliberately look at the microphone. He looked at the entire venue with a domineering gaze. After he finally withdrew his gaze from Georgina, he smiled calmly and said, "Welcome all shareholders to take the time to attend today's meeting in their busy schedule. I believe that after today's end, you will have an unforgettable day.
Of course, today's meeting will be long and compact. You must be mentally prepared. If you have any needs, you can ask the administrative staff who are waiting for help at any time. Let us give them applause first. Thank you for your hard work today."
After saying that, he took the lead in applauding, and everyone was happy to cooperate. No one was showing off. At this time, the atmosphere was the most important.
Applause fell, and Yang Cheng said again, "Speaking of this, this is also the most comprehensive time we have gathered after the B round of financing cocktail party. When we are lunch break, we can chat about gossip, such as whose family has added another child."
His teasing caused a chuckle, and the meeting slowly unfolded in such a relaxed atmosphere.
As the CEO of New Era Media, Eddie came to the big screen with great energy at the invitation of Yang Cheng, projecting his old face to the color without affecting his energetic state.
"Gentlemen and ladies, good morning, everyone. On behalf of nearly 000 employees of New Era Media, I welcome you to the director financing meeting of New Era Media Group. I am Eddie Harvestin, CEO of New Era Media Group. Please allow me to introduce the company's latest situation to all shareholders."
With his voice, the big screen behind Eddie was switched to the chart, which clearly showed the financial situation of the New Era Media.
"As you can see, since the B round of financing, New Era Media has made great progress, especially in the core business headline app, which not only pushes the global number of users to the level of 100 million, but also leads major news apps in the important data of monthly active users, reaching a scale of 80 million. We are confident that this number will be pushed to 100 million in the next six months.
Not only that, there are more than one million Toutiao accounts incubated with the Toutiao app, of which nearly 900,000 are self-media users, and the remaining part comes from major brand companies. They operate independently in order to promote their own brands.
What surprised us the most was the MS short video launched later, which even surpassed the Toutiao app in user coverage at an almost crazy speed. The total number of users attracted by these two apps alone exceeded 100 million, which is also the biggest wealth of our new era media.
Thanks to these two huge user groups, New Times Media has been favored by advertisers. As of the second quarter of 2015, New Times Media Group, including New Times Film and other businesses, had revenue of nearly US$6 billion in six months. Our goal is to strive for an 80% month-on-month increase in the same period next year, and the annual target exceeds US$0 billion."
Although Eddie has not yet sold the most intuitive net profit, the shareholders will check the financial reports sent by New Era Media every quarter. So even if Eddie has not summarized it, they still know a rough idea, but they still sucked in the numbers Eddie vomited.
It's so scary. The revenue of $6 billion in half a year is not very amazing. There are countless companies that can reach this scale around the world. However, those are all companies that sell brands and products, such as Apple and Volkswagen, either selling mobile phones or cars. The unit price is placed, and the revenue will naturally increase.
But what does New Era Media do? To put it bluntly, it is to sell a concept, and it can sell 6 billion US dollars?
Of course, some things cannot be read like that. Putting aside the two software Toutiao and MS short videos, New Times Pictures alone generated $700 million in revenue. In addition, New Times Media owns two major newspapers, the Los Angeles Times and the New York Times, as well as Time Magazine. All of these are included, and it seems that $6 billion is not much.
The above are the ideas of shareholders who can see the financial report of New Era Media, but those investors invited to attend the audience were surprised and difficult to attach. They were simply amazing. You should know that it has not been a year since the official release of Toutiao so far. If you want to compare it horizontally, Facebook expects that its total revenue this year will reach US$18 billion. Even if New Era Media's revenue will no longer grow in the second half of the year, it will be comparable to Facebook's two-thirds. What is Facebook's current market value? It is close to US$0 billion!
Does this mean that if New Era Media goes public immediately, its market value will also expand to US$00 billion?
Chapter completed!