However, Zhou Buqi suddenly thought of something and asked: "Gong Yu's level is very high. What level is he in Baidu? How did Baidu arrange it?"

Zhang Yiming said: "He does not work at Baidu, so it is considered an internal entrepreneurship. Baidu provides money and resources, and Gong Yu serves as the chairman and CEO, managing this subsidiary in the form of a startup."

"What about the equity? How much?"

"Baidu has reached an agreement with Providence Capital in the United States. They will invest US$50 million in Qiji and get 20% of the shares. By then, Baidu will own 70% of the shares and Providence Capital will hold 20%.

, Gong Yu’s team holds 10%. The website has not been launched yet, it is expected to be at the end of this month.”

"That's it..."

Zhou Buqi's thoughts became clear immediately.

Gong Yu's level is too high, but the positions within Baidu are already full, and every position is a carrot and a pit. If only one position of vice president of Baidu is provided, Gong Yu will definitely be dissatisfied.

This internal entrepreneurship model can indeed solve Yuan Zheng's problem.

This is not what Zhang Yiming is thinking about. "I have inquired about it. Recently, Qiyi.com is actively cooperating with China Film, Huayi, Mango Channel, Capital Channel and other copyright parties to purchase copyrights."

Zhou Buqi said with a smile: "What copyright do they have? But most of the streaming media rights have been bought out by Jieyu Media."

Zhang Yiming said happily: "Yes, this is the competitive advantage of ecology over single points. It is said that half of the US$50 million raised by Qiyi.com will be used to purchase copyrights."

Zhou Buqi knew what he meant, "No problem, I'll take care of it!"
Chapter completed!