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Chapter 599: Chapter 260 Everyone is Happy_3
Su Huai gave Mr. Wang enough emotional value, and then changed his tone.
"So, it’s settled. Mm, it’s hard to determine the market value with just independent financing, so let’s base it on the results of the Series B financing, how about that?"
Wang Siming was caught off guard for a moment, "What?"
Su Huai patiently explained, "Based on the results of the Series B financing, we determine the value of Xingyu’s shares, and then set the listing date to confirm when the repurchase agreement becomes effective."
Mr. Wang understood but still found it somewhat unbelievable.
"If Panda’s valuation is 80 billion after Series B, Xingyu’s 30% shares would be valued at 24 billion, and if the listing fails, I have to pay you 24 billion?!"
This vile and rotten Gou Dongxi, how dare you!
Su Huai dared indeed, even with a particularly righteous and confident stance.
"Right. My flourishing guild, soaring such as it is, tethered to your Panda for three or four years, 24 billion is very fair. What, you have no confidence in listing by 2020?"
"Uh..."
Mr. Wang was at a loss for words.
"Of course, I have confidence, how could it possibly drag on to 2020!"
Even if his whole body turned to ashes, his mouth was still firm.
However, at this very moment, Yida was at its glorious peak, and Mr. Wang had reason to be confident, even reason to be arrogant.
In his heart, the Yida Empire was only set to grow larger, to leap beyond Alibaba and Tencent, becoming a global behemoth.
Don’t laugh, many people are indeed very optimistic about Yida’s development, and Mr. Wang’s globalization strategy has the full support of all shareholders.
Nobody could have guessed that Yida would eventually end in such a manner.
Only Su Huai was clear that in just three years, the so-called empire would be trapped in a cycle of desperate survival.
"So, shall we set the date in the middle of 2020? We’ll sign the contract next year, giving you three years which should definitely be enough time to make a push for the listing."
Wang Siming agreed without a second thought, "All right, three years it is!"
Su Huai didn’t ask him for interest anymore.
"Normally, repurchase agreements follow an annualized interest rate, but we are strategic partners. I will let go of this part and share the risk with you."
Wang Siming found this very awkward, what kind of risk-sharing was this?
But then again, he had to appreciate the gesture.
"Good brother, I feel your sincere cooperation. Thank you!"
Look, he said thank you to me~~~
Gou Huai held back his laughter, turned his head, and asked for other benefits, "Then for our Xingyu side’s share of the revenue, how do we handle the live streaming and official recharges? As strategic partners, the terms should be the best on the market, right?"
Mr. Wang was numb.
Never-ending, never-ending, never-ending...
But having reached this point in the discussion, what could he do?
Of course, continue to cajole...
"For official recharges, the platform does not make money off you, any recharges via the Xingyu channel should include a bonus of 50% more tokens, how’s that for generosity?"
"Well done!" Su Huai immediately gave a thumbs up.
"As for the rewards from streaming revenue..." Wang Siming said decisively, "You can’t let the platform earn nothing; how else can we rush to go public if our profitability isn’t sufficient?"
"Fine, just give a little discount in that area," Su Huai conceded, not pushing too hard, as the streaming revenue wasn’t the main income anyway.
"And the split?" 𝑛𝘰𝘷𝑝𝘶𝑏.𝑐𝘰𝘮
Wang Siming took a deep breath and bit the bullet, "64 for the entire guild, 65:35 for Yuji personally, this already involves a considerable risk, don’t you swindle me!"
Su Huai silently did the calculations and immediately beamed with joy.
The meaning of 64 for the entire guild is that all the hosts in the Xingyu Guild and the revenue sharing with Panda are 6 for Xingyu, 4 for the platform.
So when you add the 50% bonus on recharges, the result is—Xingyu internally recharges through official tampering, put in 1 million, get 1.5 million coins, give to their own host and get 60%, which is ultimately 900,000 coins.
Cash flow rewards and the subsequent tax costs offset each other, and it’s roughly a loss of 100,000 for an official tamper recharge of 1 million.
To such an extent, even laundering through Ma Nai wouldn’t be a loss.
If it was the YY platform, the guild official tamper recharge of 1 million would lead to a loss of 280,000, and individual players tampering with 1 million would lose about 320,000.
Wang really took on great risk for Su Huai; once Xingyu gets any crooked ideas, starts outsourcing Ma Nai laundering services, and makes a big fuss, it could halt the entire platform’s operations.
Of course, he also saw the relationship between Su Huai and Gu Jiuyue and believed that Su Huai would not take the risk for such a small profit.
One birthday celebration nets 100 million; there’s no need to dirty his hands.
As for Yuji, most of the rankings for her are from real players tampering, like Turbid Dog Shenhao who’s always personally recharged, and the best discount he could get on Panda was only 25%.
That means recharging 1 million turns into 1.25 million coins; with a sharing ratio of 65%, one gets 810,000 in hand, plus various rewards, it’s about 850,000.
Ordinary players give Yuji 1 million, and she ends up with about 750,000 in hand; Panda still makes a bit of profit.
At the very least, it’s enough to cover the electricity and broadband bills.
"Okay, then that’s the deal, a pleasure doing business!"
Su Huai was very satisfied with today’s results and took the initiative to extend his hand to the prodigal child.
However, Wang Siming didn’t feel like he was at a loss either; clearly, making money from tips is not as sweet as capital operation.
Once successful in going public, he could earn back this concession in minutes, multiplied by tens of times.
So, he too extended his hand with a smile, "A pleasure doing business, good brother!"
Smiling like an idiot son of a landlord...
"Oh, right."
Su Huai, looking at his face, asked nonchalantly, "The Douyu unpaid wages incident looked pretty ugly; the philosophy of Xingyu is to prioritize employees. Let’s add a penalty clause for unpaid wages to the contract, okay?"
Wang Siming, who hadn’t even dreamed that he would ever be short of money, agreed without a second thought.
"Panda could never default on wages! But okay, if there really is a cash flow issue, then paying a penalty interest is only fair and reasonable."
Su Huai thought about the unpaid wage situation of Panda in the later stages and then thought about the monthly turnover of thousands of hosts at Xingyu... he almost drooled.
Even if there’s just a 5% penalty interest each month, compounded until the lawsuit is won, in one or two years, wow~~~
The specific accumulation is hard to determine at the moment, but it’s definitely going to be a huge number, big enough for him to sit down with Mr. Wang at the negotiation table for a settlement.
Thinking of this, Su Huai showed a genuine smile from the bottom of his heart and slung his arm over Wang Siming’s shoulder.
"Bro, from now on you’re my real big brother! Bro, let’s go gnaw on some chicken heads together!"
Mr. Wang was still confused when he left; what on earth did gnawing on chicken heads mean?
Su Huai didn’t want to swear brotherhood with chicken blood wine and possibly affect his intelligence, so he decided to make do with grilled chicken heads instead.
The thought process was difficult to understand, but before long, Wang was immersed in the grand blueprint of Panda’s future, completely bamboozled.
Even after the dispersal, he didn’t gain a younger brother; instead, he got a sworn younger sister.
"You want to boost Gugu? Leave it to me!"
With his eyes red, pounding his chest, he looked really cool, but at the same time, Jiuyue was quietly instructing Gu.
"Just set up a personal image for Young Master Wang, but don’t get too close to him, it’ll affect the cash flow."
Gu obediently nodded and looked at Su Huai discreetly, swearing in response, "Don’t worry, Gugu, I don’t think much of him at all, I’ll run after using him!"
So sensible!
Gu smiled contentedly, Gou Huai smiled contentedly, and Wang laughed stupidly with a ’hehehe’...
Everyone was happy.
