Reborn in 1991, helping dad become the richest man

Chapter 472: Burning Money! Meet Sun Zheng, the Legend in the Investment World!

"Young Master Sheng, as of today, we have already lost over 21 million in less than three months. If we continue with the summer essay contest, our losses may be even greater!

After all, literary creation is a continuous process, and the appeal of the essay competition will attract more and more authors to publish books.”

Inside the headquarters building, Tang Yichen actually came here with Tang Xionghua today.

Because he also has something to do today.

Today, a quarter-long essay competition on his own literary website ended.

Although the Tang family has many businesses, until now, the only one that Tang Yichen is truly responsible for is this literary website.

So, at this time, Tang Yichen would definitely come and take a look.

At this moment, Lin Wei was in front of Tang Yichen, looking at him with a little concern as he was sitting in a custom computer chair and checking the backend of the website.

She was indeed a little worried that if the losses continued, the website would be shut down.

Although this loss is due to competition with others.

But the literature website was not created by Tang Xionghua after all, it was just a website created by Tang Yichen.

If the losses continue and continue to increase, she would not be surprised if she was asked to stop.

Of course, her worry was totally unnecessary for Tang Yichen.

Where is this?

At this moment, Tang Yichen said without even looking up, "It doesn't matter. The summer essay contest will be launched soon. We won't stop this activity until we kill that guy. Even if he does, there's no need to stop this activity!"

"Uh..." Lin Wei looked stunned.

Is this the courage of the richest man’s child?

More than 20 million, does he really know how much that is?

Lin Wei is very suspicious about this now.

"If we want to continue this, do we need to ask Mr. Tang for permission?" Lin Wei said softly.

In response to her words, Tang Yichen smiled and looked up: "Of course, I still have to ask him for money!

Lin Wei was stunned.

Then, Lin Wei felt relieved.

Although she was a little worried that the website would be shut down later, she realized that whether it was shut down or not, it seemed that her worry was useless.

So, I'll just continue to accompany the prince to study.

Tang Yichen did not notice the change in her expression. At the moment, Tang Yichen was looking at the background data of the website.

Last month, the website had a peak daily active user base of 96,000 and an average daily active user base of 80,000.

Compared with the current Xiongchen Forum and even Xiongchen Circle of Friends, this data is nothing.

Thanks to the booming development of Internet cafes in the country, the number of Internet users in the country has soared.

So far, there is no specific organization to count the exact number of domestic Internet users.

But Tang Yichen estimated that with 10 million netizens, the difference should not be too big.

Based on this huge population base, the traffic of major Internet websites is actually surging now.

The daily active users of Xiongchen Forum have now truly reached the level of one million.

The client and search engine of Moments are even more powerful, with daily active users suddenly reaching three million.

However, as I said before, the product audience and positioning are different, so Tang Yichen is already very satisfied with the current performance of the literature website.

In particular, we learned from the background data that the number of readers has reached 6,500 per day, and the average chapter subscription has exceeded 18,000.

Naturally, this book is the "Notes on Cultivation of Immortality" serialized by Tang Yichen.

In addition to those with an average subscription of over 10,000, there are now three books on the website with an average subscription of over 5,000, and the number has exceeded 20, reaching two with an average subscription of over 1,000, and more than 80 books.

In addition, the most important thing is that the website now has eight novels published in physical form, and more than a dozen are under discussion.

The purpose of the website is to materialize all novels that currently have an average subscription of over 5,000.

This is the only money-making model of the literature website at present.

Although this model is not enough to support the current expenses of the literature website, it is not important.

After all, the real monetization method of the literature website has not yet been truly launched.

We are still in the early stage of burning money.

In any case, in Tang Yichen's opinion, the entire website is now thriving.

In this case, 20 million yuan was burned in three months.

Tang Yichen didn't feel sorry at all.

Of course, this is also because Tang Yichen is rich and powerful, so he can take 20 million lightly.

In Hong Kong, Tang Yichen's rival, Jiang Lihua, who has always been competing with Tang Yichen in internal strength, does not have such wealth.

His total net worth is only a few hundred million Hong Kong dollars, and most of it is real estate. There is actually not much actual liquid capital.

Now he is competing with Tang Yichen in internal strength. Tang Yichen has burned 21 million in three months.

He burned more.

After all, Tang Yichen still had the best-selling books to make up for his losses, even though he had his own publishing business at the beginning.

But what’s the use of a pot if there’s no rice to put in it?

In these three months, he burned at least 30 million.

This amount is enough to make him unable to taste the fragrance of anything he eats and cause severe insomnia.

"Your website only has 40,000 daily active users. A valuation of 50 million is unrealistic. We are an angel investment company, not a true angel!"

In a wealthy club in Hong Kong, an Asian man who spoke not very fluent Mandarin was kneeling in front of Jiang Lihua.

If Tang Yichen were here, he might feel that this person looked somewhat familiar.

But if in the original history, West Lake Ma came over later, he might immediately walk up to this person with a smile and shake hands with him.

Because these are the people on the current Asian rich list.

Second on the rich list is Sun Zheng.

Right now, he is doing business in Hong Kong. After Jiang Lihua knew he was there, he asked his friends to use their connections and finally found an opportunity to chat with him privately. In fact, he was trying to solicit investment and raise funds.

And what is integrated is naturally his literary network.

Sun Zheng did not refuse this, but after listening to Jiang Lihua's introduction of the basic situation of the website and hearing that he priced his website at 50 million US dollars, he immediately became unhappy.

Sun Zheng thinks this valuation is too high!

"Then Mr. Sun, just tell me a number. As long as it's not too outrageous, I can accept it!

Jiang Lihua gritted his teeth and spoke with a look of struggle on his face.

He asked for a high price but paid back the money when it came down to earth, although he felt that his price was not high.

But now he really feels like he can't take it anymore.

It's only been three months and he's already burned through 30 million. If he doesn't raise funds and continues to fight, he feels that he will be squeezed dry by the end of the year.

This was the wealth he had accumulated over half his life, plus the wealth he inherited from his ancestors. How could he just burn it all like this?

Therefore, we must raise funds and bring in strong partners.

For example, Sun Zheng now.

This is the most powerful person he can currently come into contact with.

Now, the Internet bubble has not burst yet.

Capital around the world, except in some backward areas, believes in one thing.

As long as there is traffic, there will be no shortage of money in the future. The Internet will definitely be a battleground for capital in the future.

In fact, in Tang Yichen's opinion, there is nothing wrong with this sentence.