Chapter 536: Miha You Acquired

Chapter 536: Chapter 291: Miha You Acquired

To truly dominate the entire entertainment industry, you have to establish your own long-form video platform.

Why just be a content provider for iQiyi, Youku, and Tencent Video? Building your own platform is far more appealing.

Qi Sheng had shelved this plan before only because of a lack of funds.

The initial 2 billion was just an appetizer.

Just Zhang Wei alone, even as a Master Level talent, couldn’t possibly pull it off.

But talent was the one thing Qi Sheng had in abundance.

He had a full 300 Elite Level Talent Recruitment Cards alone.

With a wave of his hand, Qi Sheng immediately recruited 150 elite programmers.

They would be the first batch of core talent for Xingchen Video.

When Zhang Wei met this elite squad, he was so happy he grinned from ear to ear.

He had been nervous about completing the platform’s development and testing within three months.

But with so many elite programmers, he was now confident enough to give Qi Sheng his personal guarantee.

‘The boss really is the boss. What a formidable talent pool.’

‘Looking at all the domestic internet companies, only giants like Ali, Penguin, and Byte could pull something like this off.’

“President Zhang, you can leave all the technical work to us. Don’t worry.”

A young man with black-framed glasses and long, center-parted hair said to Zhang Wei with a confident smile.

“I feel like I’ve seen you somewhere before…”

Zhang Wei looked at the tall, slender young man before him and suddenly asked in surprise, “You’re Zhong Zhao?”

“Hehe, I’m one of your soldiers now!”

Zhong Zhao smiled and nodded, his expression radiating confidence in his abilities.

An algorithm prodigy, he had received a top-paying offer from Huawei’s “Genius Youth” program.

Consistently delivering stunning results—these were all part of Zhong Zhao’s past achievements.

At only twenty-nine, Zhong Zhao was already rated by the system as a Master Level talent in the field of algorithms.

Genius simply defies logic.

“Haha, with you in charge of the technical department, I can finally rest easy.”

“We have a three-month deadline. We have to build the platform, and we have to make it the best it can possibly be!”

The moment he saw Zhong Zhao, Zhang Wei was completely and utterly in awe of his boss.

‘With Zhong Zhao’s abilities, he must have been one of Huawei’s most prized talents.’

‘And the boss managed to poach someone like that.’

Zhang Wei thought for a long time, but “omnipotent” was the only word that came to mind.

Qi Sheng hadn’t been kidding. He had truly provided him with an elite team of seasoned veterans.

“Don’t worry, President Zhang. My team and I will absolutely deliver a result within three months that will satisfy both you and Chairman Qi!”

Zhong Zhao wasn’t one for empty boasts; he was simply brimming with confidence.

‘The people around him were all exceptionally skilled.’

‘Even at his previous job at Huawei, they would have been considered Elite Level core members.’

‘With their support and his own abilities…’

‘…what’s so difficult about building a small video platform?’

“Oh, by the way, we’ll be working out of the Huashang Financial Center for now.”

“Once the project officially launches, if Chairman Qi is satisfied, he’s going to reward us with an entire headquarters building!”

After Zhang Wei finished speaking, he saw that Zhong Zhao and the others were completely dumbfounded.

‘Heh heh, it wasn’t just him who was easily impressed.’

‘You could search the entire tech industry and you’d never hear of a boss this extravagant.’

‘Promising to throw down the money for a headquarters building before they’d even seen a glimmer of profitability.’

“The boss is incredible!”

Although owning a headquarters building didn’t directly benefit them…

…the sense of accomplishment that came with their hard work being rewarded was still incredibly motivating.

“Besides the headquarters building, the year-end bonus for everyone in the technical department will start at a minimum of three months’ salary!”

Zhang Wei said with a broad smile, “The top-performing employee can get a year-end bonus of twelve months’ salary. I’m sure you all know what that means, right?”

“Don’t worry, President Zhang. If we have to, we’ll just live at the office.”

They didn’t dare dream of a twelve-month bonus.

But if they worked hard, a six-month bonus was still very much within reach.

They were loyal to Qi Sheng, of course, but that didn’t stop them from wanting to earn more money.

It just meant they’d work that much harder and wouldn’t be tempted away by headhunters.

…

With Zhang Wei and Zhong Zhao handling things at Xingchen Video, Qi Sheng wasn’t worried at all.

Right now, his focus was still on Spicy King.

Ever since Spicy King’s valuation surpassed ten billion US Dollars, it had attracted the attention of numerous sovereign wealth funds.

Unlike other companies that started to slow down after reaching the ten-billion-US-Dollar mark…

…Spicy King’s growth rate was, illogically, still accelerating.

According to the data they’d collected…

Spicy King’s average table turnover rate per location had already risen to over five times a day.

That turnover rate alone completely crushed Haidilao.

In terms of average spending per customer, Spicy King was also far in the lead.

Most importantly, Spicy King’s net profit margin was incredibly high.

Yuan Li had recently received several investment offers.

The valuations offered for Spicy King had already reached thirty billion US Dollars, with plenty of room for negotiation.

That was a direct threefold increase from the previous round’s valuation.

This showed just how bullish these sovereign wealth funds were on Spicy King.

“Then let’s offer five percent of the shares.”

Qi Sheng didn’t particularly care who invested, as long as they were willing to pay.

Spicy King was already highly profitable and wasn’t in desperate need of capital.

This financing round was more about boosting its valuation.

“Understood, Chairman Qi.”

Yuan Li hung up the phone, the tension in her brow easing.

‘Once this financing round for Spicy King is complete, it’ll be time to start preparing for an IPO.’

“President Jin, our Chairman Qi is very open to an investment from Temasek. We’re offering a relatively small stake this round. I was wondering how much of it your party would be interested in acquiring?”

Yuan Li politely inquired as she poured a cup of hot tea for Jin Ying, the representative from Temasek.

“If possible, we would like to acquire the entire stake Spicy King is offering this round.”