Rebirth 1981 starts with saving the sisters from the neighboring village.

Chapter 605 [Media market value hits a new high! The richest woman is born! ]

"Yes, you said it very well! And modules like ratings can add comment functions to allow users to discuss freely and increase user stickiness." Peng Wanhua reminded.

Qin Wanqiu nodded. "If it continues like this, it can probably become a separate website, and the software development team required will definitely not be small."

"Of course. By the way, what do you think the market value of Red Star Records, Red Star Films, Red Star Cinemas, and Red Star Media will be in ten, twenty, or thirty years?"

Peng Wanhua, with his foresight, is very clear about the upper limit of the market value of traditional record music, film and television, media, and cinema companies.

For example, Warner Music, a traditional music company, has never had a market value exceeding $300 billion.

Tencent Music and Spotify can reach 60 billion and 70 billion US dollars!

Twenty-First Century Fox, the leader in traditional media and film and television, has a market value of only 20 billion US dollars.

The market capitalization of new media companies such as Netflix and Disney easily exceeds 300 billion US dollars!

ByteDance’s valuation exceeds 500 billion US dollars!

There is also a cinema chain company, which later developed into the world's largest AMC Cinemas, with a market value of just over 20 billion US dollars.

Any leading company in the social field has a market value of hundreds of billions or even trillions of dollars!

If Red Star sticks to its traditional field and does not transform, it will definitely have no future.

Qin Wanqiu thought about it carefully, and then estimated the market value: "Two hundred billion Hong Kong dollars, or two or three hundred billion US dollars?"

Two thousand Hong Kong dollars is more than twenty-five billion US dollars.

Peng Wanhua remembered that in his previous life, except for a few leading film companies like Warner Bros. and Paramount, which had a market value of several hundred billion US dollars, other film companies like China Film Group Corporation were lucky to reach more than 10 billion US dollars.

Red Star Film and Television has a better foundation and greater development potential than China Film, and its market value is about the same, at over 20 billion US dollars.

"Well, but how big do you think the future potential of online media, online film and television, and social companies is?" Peng Wanhua asked.

"About 30 or 50 billion US dollars?" Qin Wanqiu tried to estimate higher.

Peng Wanhua shook his head, "It will probably be about ten or twenty times more!"

"Hiss!~" Qin Wanqiu gasped in shock when she heard that.

"Hiss!~" Peng Wanhua also took a breath of cold air.

He wasn't shocked, but just felt so good.

The effects of forces are reciprocal.

Qin Wanqiu also felt something strange and glanced at him with her beautiful eyes moving and charming.

That charming and seductive look almost made Peng Wanhua aroused again.

"Stop moving, please spare me," Qin Wanqiu begged for mercy.

Peng Wanhua could only nod dejectedly.

It took Qin Wanqiu a while to recover from the dual feelings of shock and backlash.

"Then why do we want to list Red Star Media? Why not list Red Star Online?" Qin Wanqiu suddenly said.

Peng Wanhua nodded slightly, then shook his head.

"It won't affect us. We will first use Red Star Online to build momentum and list Red Star Media in Hong Kong to boost its share price. When the time is right, we will spin off Red Star Online and list it in the United States.

After all, you know, the Hong Kong stock market is not as good as the US stock market. And the value of the Internet is not widely recognized yet. It will take some time to cultivate the market and gain market recognition before Red Star Online's market value can take off!"

The reason why Peng Wanhua plans to list Red Star Online in the United States is mainly because Hong Kong's market share is relatively small.

There are currently more than 3 companies listed on the Hong Kong stock market, with a total market value of only HK$ trillion.

Even in 2000, its market value was only trillion Hong Kong dollars.

Based on the market value of Yahoo, the leading portal website in the previous life, 1250 billion US dollars, it is equivalent to trillion Hong Kong dollars!

If Red Star Online were to be listed in Hong Kong, it would directly wipe out one-fifth of its market value.

This is like a high-powered water pump, which will probably drain the pond of the Hong Kong stock market dry soon!

On the other hand, if this market value is not reached, it means that the market underestimates Red Star Online.

So no matter what, Red Star Online is not suitable for listing in Hong Kong.

On the other hand, he didn't say it clearly.

After all, Hong Kong is one of his bases, and cutting the leeks of Hong Kong shareholders will damage the reputation of Red Star Group.

It would be better to go public in the United States before the Internet bubble in the millennium and reap a huge profit.

It’s so satisfying to harvest like this!

Qin Wanqiu nodded in agreement and approved the listing plan.

……

In September, the Red Star Online portal added a novel section, opening up novel reading, author comments, likes, collections and comments functions.

And carried out a series of promotions.

The novel section includes many existing novels, including Lao Liu's "Hongmeng Kaitian Ji".

Lao Liu's original title for the book on the BBS was "Hong Meng Kai Tian Liang Jie". Because the term Kai Tian Liang Jie is relatively unfamiliar to people today, the editing team simplified it to "Kai Tian Ji".

As for the records originally written by Lao Liu in the BBS, they were cleared.

Peng Wanhua also asked Lao Liu to issue an announcement.

Lao Liu stated on the BBS that his novels will be included in the novel section of the Red Line Online portal in the future.

It was also said that the second part will also be serialized on the website.

This kind of promotion directly brought a large amount of traffic to the Red Star Online portal!

In addition, the free reading promotion attracted more readers at once.

This novel, fast and convenient way of reading, as well as online comments and interactive exchanges, makes readers very excited and reluctant to leave.

The new version of the portal website has been online for less than a month and has already attracted more than 90% of Hong Kong’s Internet users!

In October, Red Star Media announced the portal's user base, click-through PV, and market share.

Everyone suddenly discovered that Red Star Media is not only strong in traditional fields.

In the field of Internet technology, it is also like a star, shining brightly!

Taking advantage of this popularity, Red Star Media went public in mid-November.

Red Star Media had a net profit of HK$36 billion last year, and its initial public offering price was HK$35. Based on a price-to-earnings ratio of 30, its initial public offering market value reached HK$1080 billion!

Even with such a high market value, the market still has significantly bullish expectations for Red Star!

On the day of listing, the stock price rose by 167% to HK$93.33!

The market value has reached a terrifying HK$2880 billion!

At the same time, other sister sectors of Red Star Group, such as record, film and television, and cinema businesses, also rose sharply driven by Red Star Media!

Among them, the market value of Red Star Records rose to 1508 billion Hong Kong dollars!

The market value of Red Star Films has risen to HK$1695 billion!

The market value of Red Star Cinemas has risen to HK$1925 billion!

The total market value of the four listed companies under the Red Star Group has reached an unprecedented 8008 billion!

It's a giant!

As the president of the group, Qin Wanqiu’s net worth has reached 400 billion Hong Kong dollars!

That’s $51.28 million!

Qin Wanqiu surpassed Li Chaoren and became the true richest man in Hong Kong!

Not only that, she also surpassed the former richest Chinese, Wanwan, the plastics tycoon, and became the richest Chinese!

The well-deserved richest woman!

Once this news came out, it quickly caused a sensation throughout Hong Kong!


Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like