Chapter 369 Fund
In the following preseason, the Knicks won the second game, but lost the third game to the Lakers.

In that game, Kobe and Yao Ming both showed their shooting touch at the same time. The Knicks were in much worse shape than the Lakers. Even though He Zhongqiu scored 45 points, 17 rebounds and 5 blocks, they still lost without any temper.

Kobe made 24 of 16 shots, with a hit rate of 66.7%, 9 of 4 three-pointers, with a hit rate of 44.4%, and 14 of 12 free throws, scoring 48 points and blew the Knicks' outside line into pieces.

Yao Ming's touch was even more amazing. He Zhongqiu couldn't defend him no matter what. His low-post turnaround jump shot was impossible for He Zhongqiu to defend and there was no way to block it.

On the defensive end, after losing weight, he was able to defend better and blocked He Zhongqiu's mid-range shot twice.

In 35 minutes, he made 15 of 13 shots, 8 of 8 free throws, scored 34 points, and also got 8 rebounds, 4 assists and 4 blocks.

The Yao-Ke duo combined to contribute 82 points in this preseason game, becoming famous and stealing the limelight from He Zhongqiu.

And this game also gave the Lakers hope.

The Lakers management also received praise from the media, who believed that the management made a very correct deal and unanimously agreed that the Lakers will return to the ranks of championship teams.

On the 17th, the knight arrived in Yanjing.

That night, He Zhongqiu did not go to the military base. He stayed at home with Yang Xue, whose belly was growing bigger. The two chatted about everything from sports to the entertainment industry.

"Sanjin, the entertainment industry in South Korea has been developing better and better in the past two years. Many celebrities have come to our country to develop, and the development is quite good."

"Kim Hee Sun?"

"No, Zhang Lala, I came here to develop in 04."

"Have not heard."

"Because of her, I paid attention to the Korean entertainment industry and found that since the late 90s, some young people from China have gone there to develop their careers."

“What development prospects does a country as big as a finger have?”

"In the past, young people in China mainly worked as trainees, debuted as singers and dancers, and those who did well could enter the film and television industry, but I don't think I've heard of that now."

"Oh, what's the problem?"

"I found that the boys there were trainees. They were too powdered and their makeup was too feminine."

"Sissy?" He Zhongqiu blurted out.

Yang Xue was startled, and felt that this word was really suitable. She asked curiously: "Sanjin, where did you hear this word?"

He Zhongqiu smiled and said, "Last time, there was a fan from Taiwan watching a game in New York. I chatted with him for a while and I heard what he said.

I was curious and asked him what sissy meant. He was a producer and said that this word was a line from a TV series in Taiwan, which probably hasn’t been aired yet.”

He thought for a moment and said, "Now that you mention it, when we played Choi Hong-man in Seoul last year, there did seem to be some androgynous guys at the scene, which was a bit disgusting."

At this point, he added, "Sister Xue, our company's artists must not become sissy guys like this."

"of course."

Yang Xue couldn't help but think of Cheng Kun. Fortunately, Cheng Kun just had a feminine temperament and was not an artist of the company.

"By the way, the release date for The Forbidden Kingdom has not been decided yet?" He Zhongqiu asked.

"They scheduled it earlier, then withdrew it, and now they want to schedule it for the Spring Festival. I think they are arranging the schedule," said Yang Xue.

"We need to keep up. Please contact Ross and release it worldwide at the same time," said He Zhongqiu.

"it is good."

Yang Xue is also very confident about "Bai Gu Jie". The final product is expected to be very good. Even if the overseas box office is average, the domestic box office will definitely not be bad. At least, there will be no problem in beating the King of Kung Fu.

He Zhongqiu said: "The 07 Oscars are on February 2th. The Bone World has already been submitted to the exhibition. It would be nice if we can win some awards."

"And the Golden Globe Award." Yang Xue said with a smile.

"Well, Director Zhang is waiting for it. Nominations are usually announced half a month in advance. The Golden Globe Awards should be at the end of December, and the Oscars at the end of January." He Zhongqiu said with a smile.

"By the way, Sanjin, are you going to make a proposal this year?" Yang Xue asked with a teasing smile.

"Of course. I am a national representative. How could I not make a proposal just because of a little opposition?" He Zhongqiu said firmly.

He thought for a moment, then added: "I will repeat the three proposals from last year until they are passed."

None of the three proposals last year were passed, so he is going to make a comeback this year.

Yang Xue did not stop it, because those voices against He Zhongqiu did not produce any side effects, and He Zhongqiu's influence in the country was too great.

"By the way, I want to add a proposal this year. Sister Xue, can you help me think about it?" He Zhongqiu said again.

"What's the content?" Yang Xue asked.

"I don't know who told me last time that mutual review of textbooks is bullshit?" He Zhongqiu said unhappily.

"Really?" Yang Xue was also stunned.

"Then this needs to be mentioned."

Yang Xue nodded and suddenly said, "By the way, the notebook of Chen from Xiangjiang was lost, and it was quite a big deal." He Zhongqiu shook his head. It was quite a big deal, he had also heard about it, and it was indeed a very happy thing.

Yang Xue said: "Xie Tingfeng was banned, and this incident happened. He couldn't make much money in Hong Kong, and his expenses were high. His father was forced to come out of retirement and start taking on acting jobs again."

"It's your own fault. By the way, where's Zhou Yunfa?"

“I heard it’s in Canada.”

The Knicks won all three preseason games against the Cavaliers. The Cavaliers should be stronger than last season, but they failed to make any waves under the Knicks.

This made James very disappointed. He felt that he saw no hope in the Eastern Conference. The Wolverines were too strong, and the Cavaliers might always be suppressed by the Knicks in the Eastern Conference and never make it out.

This does not fit his vision for his career. He is eager to stand out and win one honor after another in the NBA, instead of being suppressed by one person or one team like he is now.

After two talks with Jingdong, Boss Liu still held on to his 20% stake and refused to give in.

But as the time for He Zhongqiu to leave Hua Xia gets closer, Boss Liu becomes more and more stressed, because he knows that for He Zhongqiu, investing $2000 million in Jingdong is just a very small thing. Once he leaves Hua Xia, this round of financing will most likely be lost.

Finally, on the 20th, he gritted his teeth and reached an agreement, paying 25% of the shares and 15% of the voting rights, in exchange for $2000 million in financing from He Zhongqiu and the right to use He Zhongqiu's personal image for three years.

Jingdong Company does not have the strength to take over the lifelong rights to use He Zhongqiu's personal image, and can only temporarily obtain the rights for three years.

With Jingdong's current valuation of RMB 2 million, 25% is only RMB 5000 million. Boss Liu made a fortune because the right to use He Zhongqiu's personal image for three years alone is worth RMB to million.

Judging from this contract, He Zhongqiu suffered a huge loss, but this is venture financing, and the first round of angel investment. He invested in the future of Jingdong, so the current valuation of Jingdong has no comparative significance.

For example, when Yahoo invested in Ali, Ali's valuation was only 10 billion RMB at the time. Based on the valuation, 10 billion US dollars could buy 8 Ali companies at the time, but the 10 billion US dollars of financing only got 40% of Ali's equity.

There is no exact data on how many shares of Jingdong He Zhongqiu got, because this is only the first round of financing and only 25% of the shares have been confirmed.

A second round of B financing will be conducted next year or the year after, and then the shareholders’ shareholding ratios will be redistributed through re-negotiation.

There will be a third round later, which will also be a really big round of financing.

If the development goes smoothly, the fourth round of financing will generally be the listing. At that time, the exact number of shares will be determined based on the number of shares in the company.

"Mr. Liu, this is a promissory note."

After signing the financing contract, He Zhongqiu immediately handed over a Citibank cashier's draft of US$2000 million.

"Thank you!"

Boss Liu happily took the promissory note and breathed a sigh of relief.

With the successful completion of the A round of financing of US$2000 million, we should be able to speed up our development and try to catch up with Ali as soon as possible.

"Mr. Liu, you only develop the logistics system, why are you unwilling to develop the payment system?" He Zhongqiu asked curiously.

Boss Liu collected the check and explained, "Since I can use the bank payment system, I plan to focus on developing the logistics system."

He Zhongqiu shook his head and said, "The logistics system needs to be developed, but I think the payment system is also indispensable. Although a lot of investment was made in the early stage, if we don't develop our own payment system and use someone else's payment system, we will always have to pay fees to others.

And isn’t it good to walk on two legs? Of course, this is just a suggestion from me. It’s up to you whether you do it or not.”

Boss Liu was startled, and nodded: "Mid-Autumn Festival, I will consider it again."

He Zhongqiu said: "Ali's third-party payment platform has only been in operation for more than a year. It has not yet been rolled out nationwide. It is still in the stage of burning money to attract traffic and competing with banks for business. It is not too late for us to start now.

Just like Ali, we will set up a third-party payment platform company to solve the funding problem, which will not affect your control over Jingdong Mall. If you want to do it, I am willing to invest more money. "

Boss Liu nodded thoughtfully. If there were enough funds, it would be better to walk on two legs. In that way, the company's structure would be more complete than Ali.

However, as far as he knows, all of Alibaba's revenue is now invested in the payment system, which is a money-sucking black hole that even SoftBank cannot sustain. Masayoshi Son is unsure, so Alibaba turned to Yahoo for financing.

If he wanted to develop his own payment system now, he would have enough time, but he didn't dare to do it because that would mean competing with banks for business, and he didn't have the confidence to do so.

The investment in Jingdong was made in He Zhongqiu's personal capacity, and the US$5 million previously given to Yang Xue was also transferred to the real estate company as usual.

He sent directors and financial personnel to JD.com, but no management personnel. Yang Xue acted as the director, and the financial personnel were transferred from the group company.

Yang Xue didn't have time, so she could only send another acting director to stay in Jingdong Company.

Yang Xue suggested to him that since he was starting to invest, he might as well set up an investment fund for easier management.

He immediately agreed and asked Yang Xue to set up another He Investment Fund under the name of He Group, and transfer the 25% shares of Jingdong and 2% of Penguin's shares to the investment fund for management.

In addition, the copyrights of He Tianwang and Super Wolverine are also managed under this fund.

These two copyrights were handled by Ross Lewis, but in fact, American Mid-Autumn Films Company did not have an agent business.

Therefore, this business cannot be considered as a company business. Lewis was just acting as an intermediary in his private capacity, and Marvel's money was directly transferred to his personal account.

He had previously wanted to place the copyright business with the American Mid-Autumn Sports and Culture Company, which specializes in agent business, and let Frank Zhang take care of it.

Now that a fund company has been established, the copyright income will still be directly transferred to his personal account in the future, but matters related to Marvel will be handled by the fund company.

(End of this chapter)