My Fintech Empire

The company's equity design neither follows the route of AB shares, nor the route of limited partnership structure, and there is no offshore registration, and the company is registered in Xincheng.

This is also in line with the wishes of Qunxing Capital. In this way, Xingyu Technology will definitely not go overseas to go public in the United States in the future, but will land in the A-share market. The normal listing application takes time, so it will go through the path of backdoor listing.

Qin Feng is straightforward and decisive, but he is not without a sense of control.

With such an equity design scheme, it is very easy for the founder to lose control of the company, and after several rounds of financing, the equity in his hand will be diluted enough to lose control.

And Qin Feng's solution is that, in addition to Qunxing Capital, if Xingyu Technology wants to raise funds and introduce other investment institutions in the future, it must sign a "concerted action" agreement with the other party.

Qunxing Capital has a veto right that cannot be signed. If it is signed, it means that the veto power is gone or given to Qin Feng. Naturally, it is impossible to sign such an agreement.

In addition to signing the "person acting in concert" agreement with other investors, Qin Feng will also sign the "person acting in concert" agreement with the employees who have reserved the option pool.

Among the shareholders of Xingyu Technology, except Qunxing Capital, all other shareholders must act in concert with Qin Feng. If he votes against it, others will act in concert to vote against it, and vice versa.

In this way, there is only one situation where Qin Feng will lose control of the company, and that is Qunxing Capital, which accounts for an absolute majority of more than 67% of Xingyu Technology, because resolutions on major issues must exceed a two-thirds majority Agree to pass.

In other words, as long as the shareholding ratio held by Qin Feng and his concerted parties is not less than 34%, it is equivalent to a veto, although at this time it is impossible to pass a resolution on a major issue 100% , but it can make a resolution on a major issue 100% rejected, thus ensuring that the control of the company is not lost.

The worst situation is a stalemate between the two sides, because Qunxing Capital also has the ability to veto, and it can also make a resolution on a major issue 100% rejected.

To put it down-to-earth, you don't want me to do what I want to do, and I can make you fail to do what you want to do.

Isn't it just hurting each other?

In this way, it is equivalent to a certain sense of balance between the founder and the capital. Even if there is a conflict, you can sit down and talk about it calmly. It is no good for anyone to go bankrupt if this stalemate continues. benefit.

Such a kind of "mutual deterrence" can ensure that neither party will easily touch and test each other's bottom line.

That is the only way to win-win cooperation.

In fact, Fang Hong is very happy that Qin Feng has the sense of control. If he doesn't have the sense of control, it will be a deduction for Fang Hong, because if he can't even find such a big fatal loophole, you can still count on him to take control. How far can the company lead the company?

As long as Qin Feng leaves a loophole in control, Fang Hong will not hesitate to take away the control of Xingyu Technology at the right time, and then remove Qin Feng from the position of the head, because he has such a deadly company. The failure to solve the problem shows that his ability is still lacking, and of course he has to be replaced.

Fang Hong is a rational person, if Qin Feng had this situation, he would definitely do it, otherwise he would not be a rational person.

Fang Hong will be very happy if he can't seize the control of Xingyu Technology, indicating that the founder is fine, and there is no need to remove him and replace him with someone else, then Qunxing Capital's interests in Xingyu Technology will be fully protected. The veto power serves as a guarantee.

Fang Hong is not afraid that the founder is strong, nor is he afraid that the founder is capable, but he is afraid that the founder is not strong enough or capable enough, because no matter how strong and capable you are, Fang Hong can still have the confidence to handle it, and even the worst situation can be guaranteed to belong to The benefits of Qunxing Capital cannot be exploited.

After the initial signing of the agreement, Qin Feng also left Qunxing Capital headquarters contentedly.

The next thing to do is to register Xingyu Technology, and at the same time invite those gray hat friends who developed the operating system to join Xingyu Technology to work together. Everyone has their own contacts and circles. This is Qin Feng's network. circle.

Those gray hat friends of his who are willing to join Xingyu Technology must be a start-up team with excellent technology development capabilities. Fang Hong is very optimistic about this team and the future of Xingyu Technology.

...

Not long after Qin Feng left, Huayu's assistant came to his office, putting aside the matter of Xingyu Technology, this is just one of the projects of Qunxing Capital.

As the assistant entered the office, Huayu immediately ordered: "Announce the purchase of 80,000 film and television drama online copyrights for 3 billion yuan, and announce it today."

The assistant nodded: "Understood."

About half an hour later, Qunxing Capital issued a major announcement, officially announcing the company's "100,000 film library copyright strategic plan", announcing in the announcement that it will spend another 3 billion yuan to purchase the exclusive online broadcasting copyrights of more than 80,000 film and television dramas .

Good guy!

Once this announcement was released, not only did it cause a sensation in the capital market, but it was also news of nuclear bomb level in the film and television industry, which attracted all the people in the film and television industry to stare in amazement.

We must know that the total market size of the industry last year was only about 1 billion or so. Qunxing Capital’s previous investment of 700 million has already shocked the film and television industry. I did not expect that the big one is yet to come.

When the 3 billion copyright purchase plan was announced, the jaws of the insiders dropped in shock.

That night, the news of Qunxing Capital's plan was reported by the media one after another, especially related media reports from the entertainment industry, which directly hit the headlines.

...

Enlight Entertainment is currently the largest private media and entertainment group in China.

The company was established ten years ago, and currently produces more than eight hours of daily programs. In addition to the famous "Entertainment Live", "Music Billboard", "Best Live", "Film Billboard", etc., new additions include " Nearly ten new columns such as "Entertainment Network Today", "Golden Melody Moment", "I Love Watching Movies", "The Better You Read", "Lectures on Entertainment", "Almighty Variety Show Class".

Its programs are broadcast on 620 TV channels across the country, covering all regions of the country.

Invest and release more than ten mainstream commercial films every year, including "The Witness", "A Happy Event", "Evil and the Poison", etc.; invest in nearly 20 TV dramas, including "Rainstorm Pear Blossom", "Before and After the House", "Plan A" etc.

Sponsor and undertake more than ten famous entertainment award ceremonies and hundreds of ground entertainment activities every year, undertake the Huabiao Film Award, Golden Rooster Award, Hundred Flowers Award, Directors Association Award, blockbuster premiere "House of Flying Daggers", "Assembly", "Red Cliff" and so on.

It owns a 60,000-hour entertainment video database and also operates a video entertainment website.

However, the website is so-so, and cannot be compared with the current online video websites such as Youku, Tudou, Aiqiyi, Kuaibo, etc. Netizens don’t even know that such a video website exists.

"Quanxing Capital is really unpredictable. Until now, I haven't figured out what their purpose is to purchase online video copyrights at such a high price. Is it just to hoard copyrights?" The CEO of Light Entertainment is talking with the No. 2 person in the office .

This issue is not only pondered by him, but also by other film and television companies and the capital market, and the rise of Qunxing Capital is so fast that it feels like it popped out of nowhere, but its financial strength is extremely strong, especially It was a sensation when it returned from the tens of billions of profits in the overseas capital market.

Moreover, these large group companies now also know the situation of Qunxing Capital, and they all believe that Huayang Group is behind it, which is also a powerful giant group.

Now everyone thinks that the leader behind Qunxing Capital is the Huayang Group. As for Fang Hong, he actually knows it, but without exception, he is ignored as the role of the villain, and all the staff are under the lights.

"No matter what, one thing is certain, Qunxing Capital is not short of money, and is eager to purchase copyrights."

"That's right." The boss of Guangguang couldn't help nodding his head to express his approval when he heard this. After thinking for a moment, he looked at the other party and said, "In that case, I have a temporary idea. I might as well say hello to the other big companies and carry a bag together." Raise the price, since Qunxing Capital is in a hurry and is not short of money, why don't you make more money?"

The boss of Guangguang laughed when he finished speaking. There are many content producers, including thousands of film and television companies, but the real high-quality content is those well-known film and television dramas, and most of them are controlled by a few big companies in the head. hand.

These high-quality film and television dramas are the most valuable content, and the value of other bad movies is at best to fill and enrich the film library.

Obviously, Fang Hong's previous judgment is being fulfilled, and he feels that Qunxing Capital is a fat sheep sent to his door, and he wants to squeeze it hard.

...