Chinese entertainment: What's wrong with actresses wanting to improve?

Chapter 312 Tencent and Nebula

"Mr. Ma is well-informed. Nebula Video is indeed in contact with several investment institutions, but it is still in the early stages."

"Mr. Fu, I won't beat around the bush."

Tencent is very interested in Nebula Video, not as a financial investor, but as a strategic partner.

"Tencent has been developing its digital content ecosystem over the past two years."

With QQ Zone, QQ Music, Tencent.com, and the newly launched WeChat, we have an absolute advantage in terms of user scale and social relationship network.

However, in the video sector, Tencent Video is still in the preparation stage; frankly, it started late.

"Youku and Tudou have already taken the lead, and Sohu Video's traffic, backed by a portal, should not be underestimated."

If Tencent Video were to catch up from scratch, it would take at least three to five years of intense effort, and even then, it might not be able to break into the top tier.

"So Mr. Ma wants to invest directly in Nebula Video?"

"right."

Ma's voice at Tencent sounded more candid.

"Instead of building from scratch, it's better to partner with an established platform."

Nebula Video's membership model, self-produced content capabilities, and user reputation are all top-tier among domestic video websites.

Moreover, Nebula Video is backed by the Morning Light Group.

Your content creation capabilities, combined with Tencent's traffic and social network, offer far greater potential than any single video website operating alone.

"Mr. Ma, what kind of cooperation does Tencent plan to pursue?"

Tencent led the Series A funding round for Nebula Video, and the amount could be higher than that of Sequoia Capital.

In terms of valuation, Sequoia Capital offered $1.8 billion, while Tencent could offer $2 billion.

Ma's voice carried a certain confidence.

"Besides funding, Tencent can also provide resources."

Mr. Fu should understand the value of Tencent's traffic allocation and content distribution capabilities based on social relationships better than I do.

A valuation of two billion US dollars is indeed much higher than Sequoia Capital's asking price.

More importantly, Tencent's resources and traffic are exactly what Nebula Video needs.

The competition among video websites is essentially a dual competition for content and traffic. Chenxi can solve the problem of content supply, but the cost of acquiring traffic is getting higher and higher.

With the support of Tencent's social ecosystem, Nebula Video's user growth and paid conversion rate will experience a qualitative leap.

"A valuation of two billion US dollars, Tencent is indeed sincere."

Fu Yibai's voice came through the receiver.

"Mr. Fu, I sincerely want to finalize this cooperation."

Tencent's Ma's voice carried a hint of amusement.

"Your expertise in content creation, combined with Tencent's traffic ecosystem, is a combination that can't be found anywhere else in China."

Nebula Video is doing very well right now, but the video industry is a marathon, and what matters in the end is resources and logistics.

Tencent can be Nebula Video's most solid support.

Fu Yibai leaned back on the hotel sofa, the Canadian night outside the window was deep, and the outline of the distant mountains was faintly visible in the moonlight.

"Mr. Ma, I welcome Tencent's interest in investing in Nebula Video in principle."

Fu Yibai finally spoke, his tone calm.

"But there are a few conditions I need to make clear beforehand."

"you say."

"First, control of Nebula Video must be in the hands of Chenxi Group."

Tencent can join the board as a strategic shareholder, but the final decision-making power over major matters must not be delegated.

Tencent's Ma paused for a moment, then answered.

"No problem."

Tencent invested in Xingyun Video because it values ​​Chenxi's content capabilities and Mr. Fu's strategic vision.

We're here to help, not to seize power.

"Secondly, I need to discuss the amount of funding and the valuation with the team before I can give you a precise figure."

I agree with the valuation of two billion US dollars, but the specific financing amount and equity ratio will have to be determined after Nebula Video's finance team calculates them.

"That's how it should be."

"third--"

Fu Yibai paused, his tone becoming more serious.

"The relationship between Tencent Video and Nebula Video needs to be clearly defined."

Mr. Ma just said that Tencent Video is still in the preparation stage, and I believe that.

But I also know that, given Tencent's size, it's impossible for it to never develop its own video platform.

My demand is that Tencent must commit to a commitment on the board of directors of Nebula Video that the future business scope and competitive strategies of Tencent Video will not harm the core interests of Nebula Video.

There was silence for a few seconds on the other end of the phone.

Fu Yibai did not urge him.

He picked up the water glass on the coffee table and took a sip.

Canadian tap water has a slightly astringent taste due to minerals, which is different from the taste of tap water in Beijing.

"Mr. Fu, to be honest, your terms are putting me in a bit of a dilemma."

Tencent's Ma's voice carried a hint of bitterness.

"Tencent is an independent listed company, and I cannot completely lock down my business direction with contractual terms."

The board of directors won't approve it either.

"I didn't say it was completely locked."

Fu Yibai put down his water glass.

"What I'm saying is that we cannot harm Nebula Video's core interests."

The specific definition can be discussed by the legal teams of both parties.

However, the principle must be clear: Tencent, as a shareholder of Nebula Video, cannot be both a shareholder and a competitor at the same time.

This request isn't unreasonable.

Tencent's Ma was silent for a few seconds, then chuckled softly.

"Mr. Fu, you're more difficult to deal with than I imagined."

His tone carried a mixture of admiration and helplessness.

"Okay, I agree with this principle."

Let the legal department work out the specific terms.

I believe we can work out a solution that both sides can accept.

"Then it's settled."

Fu Yibai's voice also carried a hint of amusement.

"Mr. Ma, it's a pleasure doing business with you."

"It's a pleasure working with you."