"The company is called Draw Card Gas, you should check it out first," Chen Yiyang said.
"I have an impression of this company, let check the information."
After checking so data, Wu Changxun said to Chen Yiyang, "This is a company that sells offline cards, right?"
"Yes."
"This stuff is quite profitable," Wu Changxun said directly in front of Chen Yiyang, "We were thinking of copying it before.
After all, we at Tengxu already hold many classic IPs. Moreover, we have investnt or business partnerships with many foreign IP copyright holders."
With what Wu Changxun said, Chen Yiyang suddenly understood.
Currently, the company holding the most IP copyrights dostically is Tengxu.
If Tengxu enters the offline card market, Draw Card Gas would surely be crushed like an ant.
"Then why hasn’t Tengxu entered the offline card field?" Chen Yiyang asked imdiately.
"Because Tengxu is a company with a conscience," Wu Changxun joked.
"I just heard the funniest joke of my life," Chen Yiyang replied expressionlessly.
"Just kidding," Wu Changxun laughed a few tis, finally explaining the reason.
"Because offline card stuff involves minors. Not to ntion, every online ga in the country is worried about minors getting addicted and causing parental backlash.
We are as careful as possible with online paynts involving minors.
There’s no consequence for tricking adults into spending money, but tricking minors will cause social repercussions."
Chen Yiyang instantly understood why Tengxu doesn’t copy Draw Card Gas and get into offline cards.
The company Draw Card Gas is small and hasn’t been developing for many years.
Offline cards have caught so parents’ attention, but the authorities haven’t noticed it yet.
If a company of Tengxu’s size and target enters the offline card field,
restrictions from the authorities would instantly appear!
So, it’s not that Tengxu has a conscience; they are simply too afraid to enter this field.
Moreover, if Draw Card Gas continues to develop like this, once it grows larger, the authorities will surely notice.
Looking at it this way, Draw Card Gas’ future is bleak.
The only option is to rely on pushing the company public to make money.
This is also why Chen Yiyang suddenly ca to find Wu Changxun.
"Let’s not talk about the future; Draw Card Gas’ current profitability and prospects seem bright.
The only concern now is the pressure of renewing IP licensing once Draw Card Gas’ existing licenses expire.
But if our two companies could invest in Draw Card Gas, that problem would disappear."
"And pushing Draw Card Gas to go public?" Wu Changxun understood Chen Yiyang’s idea.
"Correct." Chen Yiyang nodded.
"No, what if Draw Card Gas can’t go public," Wu Changxun thought for a mont and said directly, "We can pressure Draw Card Gas together, investnt is possible, but we need to sign a bet-on agreent.
If Draw Card Gas doesn’t go public within four years, they must repurchase our shares at an agreed price."
Despite Wu Changxun laughing and joking in front of Chen Yiyang, as a top executive at Tengxu, he’s certainly no pushover.
After a few simple words from Chen Yiyang, Wu Changxun imdiately realized Draw Card Gas has huge potential for going public.
Even if it doesn’t go public, just by signing the bet-on agreent, if Draw Card Gas fails to list, they would have to pay a lot of money to repurchase Chen Yiyang and Tengxu’s shares.
Things reached a point where they couldn’t be clarified over the phone.
So, Chen Yiyang invited Wu Changxun to Lin’an, where the executives of Tengxu, Chen Yiyang, and Draw Card Gas negotiated for quite a while.
For Draw Card Gas, the company is indeed currently profitable.
But without external support, once the current IP licenses expire, Draw Card Gas would et its end.
Therefore, Tengxu and Chen Yiyang’s investnt can bring Draw Card Gas not only funds but also help secure many famous IP licenses.
This investnt is a necessity for Draw Card Gas.
However, the IPO bet condition proposed by Tencent and Chen Yiyang poses so risk for Draw Card Gas.
If Draw Card Gas cannot go public as planned, the profits for the next decade would likely go to Chen Yiyang and Tengxu.
But entrepreneurship itself is a gamble.
What if the company successfully goes public?
Then by liquidating shares, Li Qibing could instantly beco a millionaire.
Chen Yiyang and Tengxu’s valuation of Draw Card Gas is about ten billion USD.
Chen Yiyang invested ten billion RMB plus the authorization of the Nezha IP, taking twenty percent of Draw Card Gas’ shares.
Tencent took ten percent of Draw Card Gas’ shares.
They also promised to help Draw Card Gas secure so IP authorizations.
If Draw Card Gas fails to go public within four years, they must buy back all shares held by Chen Yiyang and Tengxu with interest and pay a penalty.
Under these conditions, Chen Yiyang and Tengxu basically profit without loss.
It’s now up to Draw Card Gas to see how they perform in the next four years.
After seeing Li Qibing off, Chen Yiyang looked at the contract in his hand, turned to Wu Changxun, and said, "Now I understand why Tengxu likes to invest externally so much. It’s practically a sure-win business."
"Actually, there are quite a few losses," Wu Changxun said, "it mainly depends on how much pressure the investors can place on entrepreneurs to get favorable investnt terms."
"By the way," while chatting with Chen Yiyang, Wu Changxun suddenly rembered sothing, "I heard you have quite a network in Japan."
"Uh, doesn’t Tengxu have more collaborations with Japanese companies?" Chen Yiyang looked at Wu Changxun with confusion.
Japan is a key part of Tengxu’s investnt strategy, how could his personal connections compare to Tengxu’s.
"This is not sothing Tengxu can handle, it’s more of a personal matter," Wu Changxun organized his thoughts and slowly started speaking.
"You’re aware of Tengxu increasing investnts in Ubisoft, right?"
"Of course, I assisted with that." Chen Yiyang had helped with this matter too.
To aid Tengxu, Chen Yiyang had DeepSeek’s tech team refine that artificial intelligence in France.
"Ubisoft made a Japan-thed Assassin’s Creed ga, which upset the Japanese dia with so of its content.
Ubisoft contacted , hoping to ease the dia storm in Japan.
However, Tengxu couldn’t intervene directly, so I was wondering if you could use your personal connections to help."
"Tengxu can’t intervene?" Chen Yiyang asked curiously, "What’s the specific issue? I’m an old fan of Assassin’s Creed myself; I’m curious what elents in the ga could upset the Japanese."
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