"Now, I announce my support for Tencent's lawsuit. I sentence Yijian Live to immediately stop infringement."

The first trial was live broadcast online. Because the case caused a lot of noise, Tencent and Yijian Live each had a group of fans in the online world.

The lawyer of Yijian Live said in court, "We will appeal."

That night, an interview video of Xing Jun, general manager of Yijian Live, appeared on the media on the Internet, "We will not surrender. If this judgment is established, then Yijian Live's situation will be very difficult. We will pay compensation for game anchors, and the total amount will be huge. This will have a certain impact on our operations. So we will start the D round of financing as soon as possible.

At the same time, I also want to make a call for users on the Internet. It is obvious that if this jurisprudence finally takes effect, Tencent will determine the life and death of all live broadcast platforms. This is the de facto monopoly. Monopoly generates excess profits, and monopoly will also kill innovation!”

The next day, Tencent responded, and Min Haigen, vice president of the investment department, responded: "I think Yijian Live has a problem with the definition of monopoly. At least there are no less than two platforms that can broadcast Tencent-based games on the market. I think even strict US laws will not consider this to be a monopoly.

As for the issue of innovation, if you don’t respect intellectual property, how can you innovate? Respecting intellectual property is a national and global consensus. Do you have to think that Yijian Live is ignorant? They are talking nonsense on the Internet for their own interests and leading the pace. We reserve the responsibility for further investigation."

At the end of February 2017, the court's first-instance judgment came to an end. All the game anchors of Yijian Live stopped live broadcasts of two popular games, "League of Legends" and "Glory of Kings" that night.

If Yijian Live has a stock price, it is estimated that the stock price will plunge. Some shareholders, led by Changqing Group, continue to rebel, and hold Song Yi accountable as the chairman and remove him from Yijian Live.

In fact, these people didn't make a fuss, and they were still putting pressure on them. But they didn't succeed enough to make a mistake. The board of directors would veto each of the major resolutions, which was ugly.

Zhaoye Investment Xu Qingquan, Sun Xianhong of Hong Kong Island’s wealthy family, Xun Yicheng, CEO of Changqing Group, Xia Yuejin of Guandi Group, and Zhou Mofan of Zetai Group’s Zhou Weng had another gathering in the city, chatting and laughing, and they were all in a happy mood!

Tencent gave Yijian Live a heavy blow.

Xun Yicheng called Song Yi and came in from outside. Xia Yuejin asked, "Song Yi, do you agree to come here for a drink?"

This is not what I asked Song Yi to come over to drink, but to ask him to surrender.

Xun Yicheng said: "He refused. However, he said he wanted to allow us shareholders to withdraw. Some small shareholders have agreed to withdraw for $1 billion. Should we withdraw?"

“Cash?”

Xun Yicheng said: "Yes, I think he was forced by us and was a little overwhelmed. He was planning to use money to solve the problem. Haha, many venture capital investment agreements have repurchase terms. He had to buy back."

Zhou Yifan smiled and said, "Then withdraw it! Use his cash. What's the use of having money now? Tencent has banned them from live broadcasting League of Legends, Honor of Kings. Yijian Live is equivalent to being finished. At the same time, it also bans the spread of these two games on the Tianxiu platform. If he can't find a national-level game, just wait to die! It is also false for Tianxiu to want to value 10 billion US dollars. We don't have to play with him anymore. Withdraw shares, let the outside world see our attitude and give him a last blow!"

"agree."

"agree."

…

…

Jiang Wu called Song Yi before going to bed because she didn't dare to discuss it on WeChat. She had asked him questions more than twenty times these days, "Uncle Song, isn't the blow to you this time a big blow to you? You... doesn't matter?"

The girl's clear and pleasant voice came from the phone. Song Yi was having a meeting in Tianxiu Company and said with a smile: "Xiao Wu, it's okay."

"Oh. Uncle Song, you have to pay attention to rest!" Jiang Wu cared about Song Yi's daily life again, chatted for a while before ending the phone.

Song Yi, Tianxiu's CEO Sun Manru, and more than a dozen senior executives were having a meeting in the headquarters building. At the end of last year, Tianxiu's company developed rapidly and the company rented a skyscraper in Qianhai as its headquarters.

This meeting mainly discusses Tencent's ban. In fact, as early as last year, Tencent had banned users from using WeChat to share fun videos in the "Tianxiu" software. Users were prohibited from using Q accounts, WeChat and other third-party accounts to register Tianxiu users.

Tianxiu's development has indeed been curbed by Tencent. This time it was a problem that the game was banned.

"That's it. We continue to promote the development of short videos at home and abroad. The key is that our operations and algorithms must be done well."

Song Yi ended the meeting and left Sun Manru alone.

Sun Manru is 1.62 meters tall and has a beautiful appearance. She is wearing a light yellow camel velvet coat, and the peaks are still high, paired with a black knee-length skirt, white stockings on her calves, and high heels.

This is an extremely beautiful beauty: her almond-eyed cherry lips, a very signature oval face, with white and tender skin like snow, and her facial features are extremely delicate. Although she looks a little petite, her wrists are tough in the workplace.

At this time, Sun Manru couldn't help but feel tenderness in her heart. She stepped forward and hugged Song Yi's waist, and said gently: "Brother Yi, can you still withstand the blow?"

Tencent is like a net that is put on their heads. Without tearing the curtain open, it will not be able to develop at all. If it weren't for Tencent's suppression, Tianxiu's development this year would be far ahead of all short videos.

Now we can only fall into a tough battle with Douyin. No one can get the first place in the market? This kind of fighting model requires a lot of money.

The experience of this year is like watching him build a tall building, watching him entertain guests, and watching his building collapse.

Song Yi was moved, soft and a little amused!

He is really rich! With the support of the system brother, how could a tycoon be unable to have money? Sun Manru doesn't know about this yet. But his opponents are likely to pay attention to his funds in his A-share account.

This is very normal. As long as there is a relationship, China Merchants Securities may not be able to keep the secret for him. There are so many people. Or check his bank statements and you can see his source of funds. After all, he still has to pay taxes.

So it is best to have your own securities team and bank. This way it can be hidden. Of course, the funds he invests in Apple stocks on Hong Kong Island will not be noticed.

Song Yi held the 26-year-old beauty and felt her affection. He couldn't help but feel the plumpness and softness in Sun Manru's peach, and said warmly: "Manru, I'm fine, don't worry! Don't worry about funding issues. I have invested in Moutai's stocks, and now it has increased by more than 30 billion yuan. The valuation is more than 30 billion yuan."

Last year, he sold a batch of Moutai shares, and after deducting various expenses and costs, he made a profit of 2.16 billion yuan. He then spent 700 million yuan. Among them, it also included the 300 million yuan loaned to Mu Rong, which has not yet been returned. Zhao Yuehua said that the problem with Mu Rong's husband seems to be a bit serious. 300 million yuan of working capital is enough for him for a while, but the root cause of the problem has not been solved. Maybe something will happen.

Now, due to the serious valuation reduction, the repurchase clause was triggered. Many shareholders asked Yijian Live to repurchase stocks. If Song Yi started a business once, or if he felt that Yijian Live really had no future, he would ignore these requirements. But he still had to be credible. He believed that Yijian Live had a great future and is now completely recycling stocks at a low price. Therefore, he simply prepared to recycle the stocks in the hands of small shareholders. The valuation was calculated at US$1 billion.

This requires a lot of money because he has been selling his Moutai stock recently.

In November last year, he sold out 6 billion worth of stocks, leaving about 17 billion worth of stocks left. In the past three or four months, Moutai's stock has further risen. The current value of the stocks in his hand is about 32.3 billion yuan.

This time, he plans to sell 12.3 billion yuan of stocks one after another, deduct various expenses and repay the principal of 3 billion to China Merchants Securities, and he can make a profit of 6.06 billion yuan.

This money reserves 2 billion yuan to redeem Yijian Live's stocks. Although he agreed to Yijian Live to recover the stocks, he will not repay the full amount immediately, but will make a financial plan, which will be carried out by China Merchants Bank.

In fact, no startup company can recycle its own stocks and are willing to accept the loss. As for the various betting conditions of venture capital, it is nothing more than weakening control. According to Yijian Live, Song Yi may be kicked away and lose control.

But he is willing to recycle stocks, and those venture capitalists cannot do anything and negotiate with each other to deal with it. It is just a profit. After this repurchase, the shares of Yijian Live in Song Yi's hands will increase significantly. The specific amount depends on the results of the negotiation and the execution.

For the remaining 4.06 billion, he will take out 200 million US dollars, about 1.35 billion yuan, and then complete the D-round financing for Yijian Live in the name of the investment company of "Yijian Holdings". It will completely dilute Tencent's shares in Yijian Live.

With the remaining 2.71 billion yuan, he will invest in Tianxiu Short Video's C round of financing. Of course, the valuation of Tianxiu Short Video software is definitely not $10 billion now.

"Ah?" Sun Manru was incredulous and looked at Song Yi with surprise.

Song Yi nodded.

Sun Manru couldn't help but scream, "Ah!" Then he said in frustration: "Brother Yi, then the problem now is that we have money but it is useless. We cannot break Tencent's monopoly, right? Unless we find a game that explodes!"

Song Yi smiled and comforted: "Manru, there will be a solution. It is early spring now, and the real spring is coming soon. When the war with Tencent is over, I will go on vacation with you, Liwan and Yueru again."

"Okay." Sun Manru said warmly.

She knew that Song Yi was comforting her. Because of so many years, several national-level games have been released in the gaming circle, which can fight against League of Legends? Sometimes it really depends on luck.

…

…

Song Yi spent the whole March in Shenzhen because China Merchants Bank was fully assisting him in dealing with Yijian Live's withdrawal of stocks.

Based on Song Yi's 2 billion principal, China Merchants Bank made a financial plan of 3 billion, which is enough to cover the remaining shares of Yijian Live. Because Song Yi personally holds 62.43%, he made another loan plan for Yijian Live.
Chapter completed!