Wednesday, July 29th.

After waiting until the end of the month, Qiandu was finally forced to disclose its second quarter financial report.

It's really bad.

In the second quarter of Qiandu, revenue increased by 8.5% year-on-year, but net profit fell by 36.5% year-on-year. This was the largest single-quarter profit decline since Qiandu went public.

In the previous first quarter, Qiandu Net Lilan had already declined 18% year-on-year.

It can be seen that the situation in Qiandu is getting worse.

Reflecting on the beautiful country's stock market, Qiandu's stock price took another plunge. After the opening, the stock price fell by 24.5%. By the end of the day, it fell by 19.8%.

It is equivalent to losing one-fifth of its market value in one day, which is extremely terrifying!

Faced with the poor financial report, Qiandu is undoubtedly facing unprecedented pressure. What's worse is that, so far, Qiandu's management seems to have found no countermeasures to reverse the decline.

"Qiandu has no future!"

Someone has already shouted the slogan, and the last company to be banned was Tengda.

They are brothers in need.

………

"It's worse than expected!"

Zhang Shuo also immediately noticed that Qiandu's financial report and stock price fluctuations seemed to be more serious than those in Yuanshikong, whether it was the decline in net profit or stock price.

This is also normal.

In this life, with the overall rise of Germination, three Internet giants, Qinghe Group, Qingcheng Group and Pinxixi Group, were hatched in one go, which itself greatly compressed Qiandu's living space.

For example, the advertising revenue that Qiandu relies on most has suffered heavy losses.

Another example is Qiandu's local life services business. After many twists and turns, it finally became just one of the shareholders of Arnold Group, which can basically be judged as a failure.

Coupled with the tightening of some policies, which has reduced Qiandu’s room for maneuver, life will of course become even more difficult.

in this case.

Whether Qiandu can continue to transfuse blood for Qiyi Video is a big question mark.

………

With Qiandu's "out of the circle", July has come to an end. What people didn't expect is that as soon as August entered, Ahri, who has always been very active, made another big news.

On August 5, Uku Tudou Group changed its name to Heyi Group.

The next day.

Ali announced that it plans to acquire the remaining 83.5% equity of Heyi Group for US$4.5 billion.

This is also another big move made by Ali in the entertainment sector after announcing the establishment of Ali Music Group last month. This acquisition even set a new acquisition record in China's Internet industry.

In this round of acquisitions, Ahri valued Heyi Group at US$5.39 billion.

It can be said that he is wealthy.

You know, when Qinghe Group participated in Qiyi Video’s financing in April, the latter was valued at only US$3.5 billion.

The valuation of Tenda Video is also very different.

It is reported that the founding team of Heyi Group has always been reluctant to be fully acquired by Ahri to avoid being completely swallowed up by Ahri. In order to resolutely win over Heyi Group, Ahri did not hesitate to increase the acquisition price.

To put it simply, just spend money!!!

The reason why Ah Li is so anxious is of course that Qinghe Group has always been in contact with Heyi Group and hopes to invest in Heyi Group.

In order to avoid long nights and many dreams, Ahri could only cut through the mess quickly.

seem.

The failure of 618 last time did not affect Ali’s determination to diversify its business.

………

August 7, Tenda headquarters.

Ahri's actions in the entertainment field undoubtedly made Tengda feel a huge threat.

Seeing Ah Li being so arrogant, the second master felt even worse.

Once upon a time, Tengda and Ahri were on the same starting line. It can even be said that Tengda actually surpassed Ahri in many aspects and firmly ranked first among the three giants.

Now it is facing the embarrassing situation of weak revenue and inability to expand.

"Boss, I also received news that Qiandu has been in contact with Qinghe Group recently. It seems that it wants Qiyi Video to have a deeper binding with Qinghe Group." Lu Jian reminded.

"..."

This is another bad news for Tenda.

Once Qiyi Video obtains the blessing of Qinghe Group, it will not only improve its financial strength, but also receive traffic support from Qinghe Group.

It will definitely be a big rival of Tenda Video.

In comparison, among the three major video websites, Tenda Video seems to have no new initiatives.

“The long-form video field is about to change.”

The second master frowned and couldn't help but start thinking about the future of Tenda Video.

………

Monday, August 10th.

At the regular meeting, Senior Vice President Lu Qi indeed mentioned his involvement in Qiyi Video again.

"After the release of the financial report, Qiandu faced unprecedented pressure internally. In addition, Ali increased its investment in the long video business at this time, which led to the intensification of the long video industry's involution, and Qiandu was naturally under great pressure."

The most obvious change is——

With Ali's wholly-owned acquisition of Heyi Group, the price of online copyrights for film and television dramas will be raised again. Some popular dramas will even directly increase their prices by 50% without any counter-offer.

This has also directly caused the operating costs of major video websites to soar.

It is almost exactly the same as the original time and space.

In such a capital farce that broke out due to the involution of the three giants, both the platform and the audience were the victims, and the film and television drama ecosystem was also destroyed.

The real benefits are those celebrities, especially traffic stars.

It's really a satire.

"In view of this, Qiandu contacted Qinghe Group again and offered more favorable conditions, and was even willing to give up the dominance of Qiyi Video." Lu Qi reported with a smile.

In order to save himself, Qiandu also embarked on a path of flesh-cutting similar to Tengda.

You should know that although Qiandu only holds less than 70% of the equity of Qiyi Video, it has more than 90% of the voting rights. It is the absolute helmsman behind Qiyi Video.

Qiyi Video is also owned by Qiandu and is one of the relatively high-quality assets.

Therefore, Qiandu is really unwilling to give up its dominance over Qiyi Video unless it is absolutely necessary. Just like the original space and time, even if funds are tight, it is still struggling to support it.

"Chairman, what do you mean?" Lu Qi asked.

"For Qiyi Video, Qinghe Group will either not intervene, or if it wants to intervene, then it will be a big deal." With Germination's current strength, there is really no need to make small fuss.

"big?"

Lu Qi was a little surprised by the big boss's appetite.

"We might as well join forces with Jiawei Culture and the founder team of Qiyi Video to make a privatization offer for Qiyi Video. Of course, Qiandu can also expose no more than 10% of its equity if it is willing."

Zhang Shuo means to completely take down Qiyi Video.

Only by gaining absolute control of Qiyi Video will Zhang Shuo consider allocating resources to the long-form video field to achieve the goal of reshaping the film and television ecosystem.

"Introducing Jiawei culture? It is indeed a good way."

Lu Qi's eyes also lit up. He had recently been taking courses in the video business, so he naturally knew a lot about Jiawei Culture, one of the top film and television drama companies in China.

Especially in the field of TV dramas, in the past two or three years, Jiawei Culture has almost become a hit-making machine.

It is also something that all three major video websites want to cooperate with.

"Then let's talk to Qiandu and try to get a good result." Zhang Shuo said.

presumably.

Qiandu internally may not be able to accept the plan proposed by Qinghe Group for a while.

"clear!"

Lu Qi also looked solemn, fully aware of the difficulties involved.

………

Two days later, Qiandu headquarters.

"Boss, isn't Qinghe Group's appetite too big?" Qiandu President Gong Juren was a little angry after receiving the acquisition offer from Qinghe Group.

I always feel that Qinghe Group is taking advantage of the situation.
To be continued...