Chapter 194 Zheng Wentong takes over the merger case of 10 billion yuan!

Ding Sanshi looked at Zheng Wentong who was too young and replied: "What you eat is actually not important. I heard that I have collected a lot of precious red wine, so I must try it when the time comes."

He advised Zheng Wentong to be low-key and work in a high-profile manner now. Now Zheng Wentong is at the forefront of public opinion. An insignificant little thing may be magnified by those who are interested and become your dark history.

Ding Sanshi's words came from the heart. He started his business at the age of 25 and became the richest man in China at the age of 32. He was successful in his youth. He and Shanda Chen Tianqiao both made a fortune through games and became the richest man, and were called Yuliang. After he became the richest man, he could not avoid a bit of arrogant arrogance. As a result, he encountered many walls in business activities and was burdened by the reputation.

However, Zheng Wentong is 25 years old and is already the youngest billionaire in the domestic Internet industry and one of the youngest billionaires in the world. His rise speed is comparable to Facebook's Zuckerberg. Zheng Wentong has received attention from senior executives in China, which is no less than that of the second-machine in the Internet industry. After all, young means potential.

Although some elderly people can't stand Zheng Wentong's wealth at a young age, some people also want to set Zheng Wentong as a benchmark in the Internet industry. The success of Zheng Wentong and WeChat Information Technology can also be used as a new business card for the Chinese Internet industry, indicating that the Chinese Internet industry has great potential, provided that Zheng Wentong's foundation must be relatively clean and can withstand the test.

Ding Sanshi was very curious about Zheng Wentong's process of helping "Peace Elite" obtain the version number, but Zheng Wentong was unwilling to talk about it, but instead took the initiative to talk about Net Yiyun Music.

Zheng Wentong appreciates the practice of recommending music based on users' preferences. Users of NetEase Music especially like to read comments and create a new model of music + social interaction. The competitor Penguin Music likes to recommend paid songs and VIP songs to users, which is too profitable.

"Mr. Ding, I have noticed that the proportion of users who listen to music for more than 60 minutes a day in NetEase Music is actually much higher than Penguin Music, which means that the user stickiness of NetEase Music is relatively high."

"Although public opinion expressed concern about Penguin Music's acquisition of Kugou and Kuwo Music, there is no antitrust law in China after all. Net Yiyun Music and Qianqian Music are still a bit lonely, and it is difficult to establish a complete music copyright moat. Among the three major record companies, Penguin Music has deeply bound Sony Music and Warner Music, and Universal Music is our last chance. Why not join forces and become the main shareholder of Universal Music?" Zheng Wentong suggested.

Ding Sanshi was a little moved, and he also lamented Zheng Wentong's ambitions. The copyright fee paid by Netyiyun Music to Taihe Music Group every year is as high as tens of millions. If Netyiyun Music can be merged with Qianqian Music, it will definitely produce an effect of 1+1 or more than 2.

Wang Lei, the general manager of Qianqian Music, is an executive who resigned from Yiyun Music in Net. Ding Sanshi was secretly shocked. Did Zheng Wentong have considered this level long ago, so he chose Wang Lei as the general manager?

Universal Music is an international music giant with a market value of tens of billions of dollars. It is still difficult to win the cooperation between Net Yiyun Music and Qianqian Music.

Ding Sanshi thought that Ali led the investment in the A-round financing of WeChat Information Technology, and Weimeng Media was also the number one in Taobao's live streaming and sales industry. Ding Sanshi then understood what Zheng Wentong was thinking. Perhaps Zheng Wentong planned to pull Ali from the beginning and build an anti-penguin alliance in the music industry.

Ali has money, Taihe Music Group has copyright, and Net Yiyun Music has users. The combination of the three is really possible to buy the equity of Universal Music in one fell swoop.

Ding Sanshi picked up a piece of meat and did not reject Zheng Wentong's proposal, "I know what you are thinking, but Ali Music's work is not that easy to make. You have to eat rice at a bite, but Net Yiyun Music and Qianqian Music can deepen the cooperation. We can exchange the copyright library of Net Yiyun Music and Qianqian Music and expand each other's music library."

"Last year, Penguin bought the NBA's exclusive online broadcasting rights for US$500 million in five years. According to Penguin's financial report, it will be able to make a profit in about two years, and the next three years will be profitable."

"If Penguin Music has taken over to us to invest in Universal Music, then Penguin Music will monopolize the copyright of music and is truly the only one. Music users may like NetEase Cloud Music more, but they will also be forced to open Penguin Music members. For netizens, it is too expensive to open two music applications at the same time, which is either one or the other."

"If Penguin stops authorizing Jay Chou's music, what should I do with Net Yiyun Music? After all, no matter when, Jay Chou's "Sunny Day" will always rank first in the number of views." Zheng Wentong said.

Perhaps Ding Sanshi had long realized the weakness of the copyright library of Netyiyun Music. The two of them decided to cooperate in Netyi Canteen, and Netyiyun Music and Qianqian Concert cross-license each other with exclusive copyrighted music.

Zheng Wentong is jealous of Jay Chou's music in Yiyun Music Library in Net, and Ding Sanshi is also jealous of the music in Qianqian Music. The specific authorized music library is jointly drafted by Zhu Yiwen, CEO of Net Yiyun Music and Wang Lei, general manager of Qianqian Music, and then handed over to Ding Sanshi and Zheng Wentong to finalize.

On June 15, NetEase Cloud Music announced that it had completed its A round of financing, led by Slope Industry Fund, with the company's valuation of RMB 3.5 billion. Slope Industry Fund invested RMB 700 million and held 20% of the shares. This is also the second major move of Slope Industry Fund after buying Qiandu Music from Qiandu Group.

Within two days, Net Yiyun Music and Qianqian Music held a press conference in Yanjing, announcing that the membership music library of the two companies would be opened. No matter which music member of the company was opened, the other party's exclusive music library could be heard. As soon as the news was announced, Net Yiyun Music and Qianqian Music added a lot of members.

Immediately afterwards, NetEase announced that the "PUBG" national version of the game "Peace Elite" will be officially launched on June 25, and the official website download channel will be provided on June 18.

The reporters noticed that the Slope System and Ali had become a de facto quasi-ally affiliated relationship. Qianqian Music and Netyiyun Music opened up the music library, Slope Industry Fund Investment Netyiyun Music, Netyi Game Agent "Peace Elite", and Ali participated in the A-round financing of WeChat Xinke.

Ali Music also has two music applications, Xiami Music and Ali Planet (formerly Tiantian Beautiful). Xiami Music and Ali Planet and users are also looking forward to joining the cooperation between Net Yiyun Music and Qianqian Music, and ultimately realize that the four online music applications, Xiami Music, Ali Planet, Qianqian Music and Net Yiyun Music, can all open their music library.

When the reporters went to interview Ali Music Song Ke, his attitude was ambiguous and did not express his attitude. He only said that Ali Music and Net Yiyun Music and Ali Planet have been in contact.

At the end of June, an article appeared on Hexun.com with the title ""Ali Music management, which is eager for success, is destroying two high-quality applications, Xiami Music and Tiantian Mengting?"

The article details the article reported that Ali bought Tiantian Dongting for US$40 million, and renamed it to Ali Planet this year. Tiantian Dongting had at most 300 million users, but since it was renamed Ali Planet and tried to build him into a pan-entertainment trading platform, after suspending music services, it has been getting worse every day, with a large number of users missing, and now there are only tens of millions left.

On April 15, Tiantian Dongting changed its name to Ali Planet, a music player, fan social networking and live broadcast made Tiantian Dongting beyond recognition.

Ali Music's move made Tiantian Dongting users very resistant. The ratings plummeted on major app stores, and the comments were criticized by Ali Music. Song Ke kept saying that Ali Music does not need two players, but what is ridiculous is that Tiantian Dongting users did not migrate to Xiami Music.

Kugou Music and Kuwo Music’s parent company, Ocean Music, can operate two players, Kugou and Kuwo at the same time. Why can’t Ali Music operate Xiami Music and Tiantian Mengting at the same time?

The number of users who listen to Tiantian is far more than Xiami Music. Even if you have to choose one of two, why does Ali Music choose Xiami Music with fewer numbers instead of more users? Since Gao Mousong and Song Ke served as chairman and CEO of Ali Music, why has Ali Music's market share become less and less? Why is the number of users added to Xiami Music and Ali Planet even less than a single application before the merger?

Gao Mousong and Song Ke may be good musicians, but they are not qualified corporate executives. Gao Mousong has been busy recording video programs, and has time to care about the life and death of Ali Music? The report also pointed out that Gao Mousong's video programs promote historical nihilism and try to overturn historical figures, and his personal position is doubtful.

As soon as this report was released, public opinion was in an uproar. Ali Music was urgently in the public relations. Gao Mousong resigned from Ali Music’s chairmanship, Youku also removed Gao Mousong’s video program, and Ali Music CEO Song Ke also withdrew from Ali Music. Wang Hao, the founder of Xiami Music, was transferred back to Ali Music from DingTalk team and became CEO of Ali Music.

On July 10, Ali Music, Taihe Music Group, and Netyi announced that Ali Planet, Xiami Music, Qianqian Music and Netyi Cloud Music announced the merger to form NEXT Music Group. All four online applications are connected to the music copyright library. As long as you purchase members of any application, you can enjoy all the tracks of the four applications.

Ali Planet has enabled the original brand name Tiantian Mengting, and the copyright and music library are shared among the four music applications, but will remain independent.

NEXT Music Group holds 40% of the shares in China Online Yi, Ali holds 35% of the shares, and Sliding holds 25% of the shares, and the company's valuation is over 12 billion. Ding Sanshi serves as chairman of NEXT Music Group and Wang Hao serves as CEO of NEXT Music Group.

The reporter went to the gossip about the source of NEXT's name. N was taken from Netease, X was from Xiami Music, T was from Qianqian Music's TT Player, and E was derived from E in the planet Ali.

The slope system invested 1.164 billion yuan to buy Qiandu Music from Qiandu Group, renamed Qianqian Music, and invested 700 million yuan to buy 20% of the equity of Net Yiyun Music. Therefore, when the NEXT Music Group was established, the slope system could hold 25% of the shares. The slope system held more than 3 billion yuan, which has made a profit of more than 1.1 billion yuan compared with the previous investment of 1.864 billion yuan!

On July 15, Penguin Music announced that it would be with Kugou. Kuwo’s parent company Ocean Music Group officially announced that it would merge its digital music business to form a new Penguin Music Group. Penguin Music holds a 60% stake in the new group, and Penguin invests US$2.7 billion to buy Ocean Music Group.

Penguin Music Group has since become the top three super application with Kugou Music, Penguin Music and Kuwo Music online market share. Penguin Music Group's market valuation is RMB 40 billion.

At this point, the mainland online music market has formed a two-strong pattern between Penguin Music Group and NEXT Music Group. Penguin Music has 60% of its users and 55% of its music copyrights, and NEXT Music Group has 37% of its users and 45% of its music copyrights.

After the establishment of NEXT Music Group, media reporters discovered that the driving force behind this 10 billion-level merger was the Slope System.

As the actual controller of the slope system, Zheng Wentong played a staggering role in the capital market and played a key role in adhering to Ali and Netyi, and finally took over the merger case!

On the first day of the National Day holiday, I wish you all a happy holiday and see you tomorrow!
Chapter completed!