NOVPUB
Chapter 573: Chapter 250: Birthday Blast [Thanks to the Silver League]
Mr. Wang was someone who didn’t take no for an answer, "The young master is so poor, all I’ve got left is money. Come on, let’s see how tough you can be!"
After watching Yuji for three days and spending 1 million RMB, he finally got invited to the headquarters of Changqing Building.
Cheese entertained him with great care, making him smile from ear to ear.
However, even so, it wasn’t until the fifth day that he met Su Huai.
As soon as he entered the office, Mr. Wang was a bit stunned, "Why is it you?!"
Su Huai nodded with a cold face, "Hello, Mr. Wang, we meet again."
Wang was someone who held grudges and still remembered the unpleasant encounter in Hainan; his expression became a bit uncontrollable all of a sudden.
"Fuck, so Xingyu is your company?"
He probably didn’t have the subjective intent to curse people, just venting his emotions, but at that moment, he was cursing unrestrainedly.
Su Huai didn’t indulge him, cursing right back, "Look at your damn self, spending money just to come here and get insulted? We can talk, if not, get lost!"
Mr. Wang pointed at Su Huai, his finger trembling violently, and he flipped out on the spot, turning around to leave.
"You fucking idiot! You just wait!"
Then... the next day he went and spent another 200,000 on Yuji.
Puppy treats me like shit over and over again, but my feelings for Yuji are like first love, I’m just that devoted!
In fact, he had no choice, as Panda TV was desperately in need of a pillar, the traffic was actually okay, but the revenue was so poor that it couldn’t cover the costs, making it impossible to start new financing negotiations.
Why did he make a bet later on?
Because there were no investors, only lenders asking him to sign a repurchase agreement.
Now, Yuji was the hottest streamer, and all the mainstream platforms had contacted Xingyu, wanting to poach her.
For dance streamers, of which there are plenty on every platform, this type wasn’t the hottest; players may like to watch but not necessarily like to spend money.
Strictly speaking, Yuji’s GDP wasn’t driven by her dancing, but by her overall style of livestreaming and the strong support from Turbid Dog, so nominally she was carrying the flag of a dance streamer, but in reality, she was carrying the flag of an entertainment streamer. 𝒏𝙤𝒗𝙥𝒖𝒃.𝙘𝙤𝒎
Interesting about her was that the shaky sexy dances were just a bonus, not the only factor.
So, the terms the platforms offered her were all really attractive.
Douyu’s offer was: a 3-year contract worth 100 million, a requirement of 100 hours of livestreaming per month, a full bonus for monthly gift revenue over 10 million, at least 15 interactions with designated targets per month, and active participation in various official events... and so on and so forth.
The money was definitely generous, comparable to that of miss at the beginning of the year, but it was indeed harsh.
The harshest part of the terms was hidden very discreetly, known as the "penalty revenue mechanism".
In essence: the streamer must actively cooperate with the official events, and if they show a passive attitude or fail to complete tasks well, the platform reserves the right to lock and penalize the streamer’s total revenue.
Douyu’s legal department and Su Huai explained: the punishment isn’t a deduction of money, but a temporary lock of the funds, which can’t be withdrawn until the penalty revenue task is completed; the money is still yours.
Indeed, they didn’t deduct money, they just required you to rake in three times the revenue...
Later on, some streamers like Monkey, who really didn’t want to do lotteries, had to comply with the platform requirement solely because of this revenue task.
Su Huai had seen many traps in the industry, but Douyu was the only one capable of trapping streamers to this extent.
No deal, get lost!
After rejecting Douyu, the only ones who could afford such prices were Huya and Kuaishou; between the two, Kuaishou was obviously more wealthy.
In fact, when it came to raising funds, nowhere was easier than Kuaishou.
The fans there were truly devoted; as long as the streamer led them with gusto, they would genuinely buy those shoddy products.
Bought blindly.
Xinba had just criticized others, saying, "Those who sell ready-made meals are fucking unscrupulous," but then he changed his tune to, "Actually, ready-made meals are the safest, the kind that should be given to the elderly and children."
And he actually managed to sell over a hundred thousand orders, can you believe it?
This place had a business logic that even Su Huai couldn’t understand till the end, just like Pinduoduo.
Really, the Er Gou Family, Erlu Family, Ermei Family... Su Huai never fully understood the fundamental reasons behind their dominance on the platform from start to finish.
You must not go to places you don’t understand.
A few A-listers in the house could be stuffed into Kuaishou, like Tattoo Girl, MC Li Ke; they were more suitable for Kuaishou, and Su Huai planned to send the two to break new ground.
It was a good opportunity to get favorable terms during negotiations with Yuji.
"Yuji may not be able to cooperate with Kuaishou for the time being, but our company is very optimistic about Kuaishou’s development. We plan to send someone to establish a presence. If they can achieve certain results, only then can we talk to Turbid Dog..."
Flagrantly boasting under false pretenses, although the tactic was simple, it worked.
The representative from Kuaishou offered Xingyu the most favorable guild treatment and extended an enthusiastic invitation to Turbid Dog to join, assuring him that they would welcome him with open arms.
Unfortunately, Su Huai had already made up his mind; the best year and a half for Pei Shuyu was to be given to Panda TV, first to become the leading streamer, then a shareholder, and finally to guide a merger...
Acquiring Panda without spending a penny would be ideal, but if not, getting Wang to sell something to pay off Little Wang’s debts would also be OK.
What Gou Huai most wanted was a stake in Wanda Film Industry.
Even a 5% stake would be a foot in the door; the beginning is always the hardest, burrow into it and it’ll loosen up...
As for Panda, before its collapse, Su Huai would take the last bite, grabbing whatever he could.
The plan for Xingyu’s own platform began with Gou Star and ended with Douyu, focusing on entertainment and competing with Douyin in a differentiated way.
