This kind of madness was something they had never expected in advance. You should know that video platforms have been emerging for several years, but major video platforms have been making money at a loss.

No one expected that their short video platform had begun to initially achieve balance between income and expenditure. Who would have thought of this!

This situation occurs because of Wu Hu's proposed anchor sales model.

With the business model launched by Douyin, those live broadcast platforms are now following up, and major anchors are also moving closer to the hosts who are selling goods, because this is really profitable.

For a video platform company, being able to reach a balance of revenue and expenditure in the first year is already a profit, after all, the value of their company is growing rapidly.

Principal Xiao Wang, who raised the first round of financing, directly invested 300 million yuan, but only received 10% of the company's shares. This happened more than two months ago, and it shocked countless people at that time.

In fact, Principal Xiao Wang wanted to invest 500 million to win 40% of the shares. Because of the crazy growth of Douyin users, coupled with the fact that he had experienced it himself, he knew the magic of this thing.

He is very optimistic about this platform, so he wants to make more money.

But Cheng Quansheng, as the general manager, refused. Wu Hu had explained that the company's future size will not be inferior to the existence of the three major IT companies ABT.

Thinking about ABT's three major IT companies, Cheng Quansheng felt that Wu Hu was bragging, but even if he bragged, he would definitely be a big company in the future.

Moreover, he is in charge of the company's operation, and he is very clear about the prospects of the company.

So they didn't let go after they bite to death. They also said that this was an opportunity given by their boss Wu Hu because Principal Wang was his friend, otherwise they would not need to raise funds from outside at all.

Thinking of Wu Hu's feat of 400 million kills in two minutes, Principal Wang believed it, so he was moved and finally exchanged 300 million for Xiaohu Technology's shares.

Principal Xiao Wang felt quite angry at first. If it weren't for Wu Hu's sake, if he felt that he didn't like a little, he was a little sorry for the cow he once blew out, he would have wanted to leave. But now, he can only say: Hey? It smells so good!

At that time, some industry insiders thought that Principal Xiao Wang was worthy of being the son of the richest man. As expected, he was stupid and had a lot of money. Xiaohu Technology's value increased very vigorously because of Douyin, but it was impossible to reach a scale of 2 billion in the first year!

At that time, someone went to see Principal Xiao Wang to fight Qiu Feng, trying to cheat some investment, but was despised by Principal Xiao Wang.

Nowadays, with the rapid growth of Douyin users, no one dares to say that others are stupid and have more money. Because with the launch of the live streaming sales model, Douyin has found the password for traffic monetization, and experts have already suggested that Xiaohu is now worth at least 5 billion.

In the view of Principal Xiao Wang, if Douyin goes public, Xiaohu’s boss is Wu Hu alone, the market value of the company can be increased to a level of 10 billion.

Traffic is money, and this sentence is indeed not wrong.

In addition to Principal Xiao Wang, Penguin also took away only 10% of its shares and used 300 million yuan in this round of financing.

Ah Li originally wanted to play, but after hearing this condition, she turned around and left. They felt that Xiaohu Technology was simply crazy about money. It was just a company that had just been established for less than a year, but she dared to speak like this.

The Penguin CEO said that the young man had never seen the world before. Fat Tiger dared to speak out about 108 billion in the King Game! Just 3 billion, is it a ball?

Originally, Ali wanted to invest in Wu Hu's New World Media, but because of this, she finally gave up asking, so that others would not regard them as fools with a lot of money.
Chapter completed!