Chapter 300 - 299: Entering a New Industry, Acquiring a Live Streaming Platform

Chapter 300: Chapter 299: Entering a New Industry, Acquiring a Live Streaming Platform

While Lin Feng was on the phone with Lin Xiaoman, Su Ruoxi was working on her laptop at a nearby table.

When he hung up, Su Ruoxi walked over and started rubbing his shoulders.

"What’s wrong? Is Xiaoman running into some kind of trouble?"

Lin Feng briefly explained the platform’s hidden rules about skimming fees to Su Ruoxi.

"I can’t believe they have tricks like that. The platform already makes a lot of money, but their vision is so limited..."

Su Ruoxi frowned and shook her head.

It could only be said that the platform was killing the goose that laid the golden eggs.

If they really drove all the streamers away, won’t the platform lose all its traffic?

Lin Feng shook his head and said, "They’re not actually stupid. If I’m not mistaken, they’ve precisely calculated how much they can skim."

"It’s just enough to toe the line without completely driving people away."

But no matter how cleverly the platform had run its numbers, Lin Feng thought, ’Whoever came up with this method must have a screw loose.’

’Instead of wasting energy on things like this, they should just focus on running the platform properly.’

However, the live streaming industry had only just taken off in the last couple of years.

The harsh internal environment was largely due to the industry’s immaturity.

Live streaming had grown so rapidly that the quality of streamers was inconsistent, not to mention some platforms were operating in a legal gray area.

Su Ruoxi sighed. "So how are you planning to solve this?"

Clearly, Su Ruoxi also realized that the problem Lin Xiaoman was facing couldn’t be solved simply by switching platforms.

A faint smile appeared on Lin Feng’s face. "Since this problem exists everywhere, why don’t I just set the rules myself?"

Su Ruoxi was taken aback for a moment, but she quickly understood what Lin Feng meant.

After all, Lin Feng’s company specialized in investments.

His company was growing larger and larger, with an increasing amount of capital to work with.

Investing in and acquiring a live streaming platform was definitely within his means.

Besides, for Lin Feng, the current live streaming market was filled with all sorts of platforms.

The live streaming market itself had huge potential for growth.

Acquiring the platform was partly for Lin Xiaoman’s sake.

But more importantly, it was because Lin Feng had been eyeing the live streaming industry for a while.

Taking this opportunity to get into the platform business was a good move.

"When are you planning to make the acquisition?"

Su Ruoxi asked curiously.

Lin Feng smiled and said, "I’ll start contacting the platform in the next couple of days. It would be best to get it all settled by the end of the year."

Su Ruoxi nodded.

The very next day, Lin Feng contacted Vice President Li from his company.

Since Lin Feng was primarily based in Cyan Mountain Town at the moment, a large part of the investment company’s affairs fell on Vice President Li’s shoulders.

However, Vice President Li was widely recognized for his competence.

He handled these matters with ease.

"It’s best to start talking to them about this platform now. The live streaming industry is hot right now, so we can start preparing for this investment."

During a video conference with Vice President Li, Lin Feng laid out his plan very clearly.

Vice President Li’s opinion on the live streaming platform matter was similar to Lin Feng’s.

They both felt the industry’s prospects were quite good.

However, Vice President Li didn’t quite understand why Lin Feng had chosen to invest in a mid-sized live streaming platform like this one.

For an investment firm looking to truly enter this industry, the best choice would be to find some small-scale live streaming platforms and develop them.

Mid-sized or even large-scale platforms like this one were already profitable.

Furthermore, they had their own established user and streamer base.

They would rarely choose to sell a profitable platform.

They were more likely to seek financing to expand the company’s brand.

But since Lin Feng had chosen this platform, Vice President Li would do his best to negotiate with them.

After the previous stock market investment incident, Vice President Li had developed an almost blind faith in Lin Feng.

Douhu Platform, where Lin Xiaoman streamed, was doing quite well, and its upper management had ambitions to continue expanding in the market.

Since they wanted to expand, they had a significant need for capital.

Therefore, the platform placed great importance on the matter of financing.

When Vice President Li mentioned the possibility of some financial cooperation, someone from Douhu Platform immediately reached out.

For the current Douhu Platform, they wouldn’t just accept funds from any company.

Although the investor usually held the upper hand in financing deals, the platform also had its own considerations.

Douhu Platform had already secretly looked into the background of Lin Feng’s investment firm.

Although Lin Feng’s company had only started to rise this year, basically none of its invested projects had lost money.

Moreover, it had managed to grow the company more than tenfold in such a short period.

This gave Douhu Platform the mistaken impression that Lin Feng must have powerful backers supporting him from behind.

Otherwise, it would have been impossible to rise so quickly in such a short time.