Unlimited modification of Shenhao

Naturally, Qi Sheng had heard of the famous name of Bubble Mart.

The leader in the trendy toy industry relies on blind boxes to support a market value of hundreds of billions.

Although the market value has plummeted since then, it is still a large company worth tens of billions.

But now, the market value of Bubble Mart is only 15 billion.

Even if it is delisted from the New Third Board in two months, it will only be 2 billion.

It sounds like a lot, but compare it to Bubble Mart's market value of more than 30 billion at its lowest point.

There is still a profit margin of more than ten times.

Compared with Bubble Mart’s peak market value of 100 billion.

It also has a terrifying return on investment of 50 times.

Speaking of which, Bubble Mart is a blind box that can succeed or fail.

It started off by relying on blind boxes. Later regulatory policies were introduced, and the market value plummeted.

There is insufficient development of existing IP, resulting in a steady decline in market value.

Even though Wang Ning's appearance and height were not extraordinary, he was quite ambitious.

I want to make Bubble Mart a Chinese version of Disney.

Qi Sheng tried not to laugh.

If he hadn't been reborn, he might have been deceived by the other party.

"Director Qi, are you not optimistic about us?"

Wang Ning's face looked a little ugly.

Now is the time when Bubble Mart is about to take off.

Otherwise, Bubble Mart will not be delisted from the New Third Board.

A mere valuation of 15 billion cannot satisfy Wang Ning’s ambitions.

The market value of Bubble Mart cannot be said to exceed 100 billion, but it should at least start at 10 billion.

"Mr. Wang, with all due respect, your company's most profitable IP right now is only Molly, right?"

"Other exclusive and non-exclusive IPs have cooperation duration and usage rights restrictions."

"Otherwise, you wouldn't have tried every means to launch your own IP to replace the popular Sonny Angel."

"The cultivation and incubation of new IP takes time, can you afford to wait?"

Qi Sheng saw that Wang Ning was not convinced and directly exposed the biggest problem of Bubble Mart.

That is a serious lack of self-owned IP and no moat at all.

Trendy toys are products that do not have any technical difficulties.

Unlike sports giants such as Adidas and Nike, which have absolute control over research and development technology.

There is absolutely no possibility of monopolizing production.

As long as the sample drawings are provided, the manufacturers in Yiwu, the Universe Production Center, can immediately mass-produce and put them on the market.

In the final analysis, blind boxes take advantage of users’ gambler psychology and collecting habits.

The experience of "uncertainty" and "scarcity" brought about through the process of unboxing the blind box.

Sow the seeds for repeat purchases.

There is essentially no difference between the simple noodle "card collection" that was popular all over the country and the drawing of SSR rare cards in online games.

Since the Bubble Mart Blind Box has the nature of "soft gambling", it is inevitable that it will be criticized by the superiors.

Even though the IP of Molly from Bubble Mart is very popular.

But with an IP that sells millions every year, how can blind boxes still have room to add value?

Without room for value-added, users will naturally not spend a lot of money to buy blind boxes and gamble on rare models.

Just pointing to such an IP, do you still want to make a Chinese Disney?

I want to eat fart!

"I…"

Wang Ning was a little speechless, but he also understood these principles.

His ability to reach this point is more a result of times making heroes.

When other people in China have not noticed the blind box market.

He became the first person to eat crabs.

"Mr. He, I'm feeling a little unwell, so I'll excuse you for now."

Wang Ning knew that Qi Sheng's net worth was astonishing, and he was not someone he was provoking at this time.

But he also has a temper, and there is no reason to suffer from this cowardice.

"Mr. Wang, I just told a few truths, but you can't stand it anymore?"

Qi Sheng looked at Wang Ning as he was about to leave, but he looked down upon him.

No wonder the system only rated him as an elite talent.

Wang Bang started the game well, but he was beaten to a pulp by himself.

"Director Qi, if you have anything else to say, just say it. I'm not so stingy."

Wang Ning saw He Yu winking at him and sat down reluctantly.

Qi Sheng saw that Wang Ning was still a little unconvinced and continued to uncover the remaining fig leaf of the other party.

"In my opinion, Wang is always one-sidedly shaping Chinese fashion into a single image of Chinese blind boxes."

"As the name suggests, trendy toys are trendy products based on animation, film and television IP, or art toys designed by artists and designers."

"When it comes to film and television IP-based fashionable entertainment, Disney is the absolute king in this field."

"But what's the strength of Disney? What's the strength of Bubble Mart?"

“Disney acquires film and television companies and comic companies to create offline Disney parks.”

"You guys can't compare to this kind of strength."

Even Wang Ning had to admit that Qi Sheng was right.

It is his biggest dream to turn Bubble Mart into Disney.

It's a pity that his ability cannot support such a big ambition.

"Dr. Qi, everyone knows the truth. Is it possible that you have a way to make Bubble Mart catch up with Disney?"

Wang Ning sneered with disdain, obviously he had been unhappy with Qi Sheng for a long time.

"Well, I have an idea."

Qi Sheng didn't hesitate at all, he just threw money like crazy.

There are talents provided by the system, and dozens of top talents are recruited.

Create Chinese comics for yourself, make animated movies, and spend money to build offline amusement parks.

Then let the film and television, comics and trendy toy industries be linked.

Creating a Chinese version of Disney is not an easy task.

Qi Sheng is not short of money.

He has no shortage of talents.

It’s both, all it takes is time.

"Uh…"

Wang Ning also didn't expect Qi Sheng to be so confident.

"Then I wish you to achieve this ambitious goal as soon as possible!"

Even if Wang Ning couldn't stand Qi Sheng, she still had to have a little respect for him who had the same dream.

After all, Qi Sheng really has this strength.

Not to mention Banyan Tree Group, which has a market capitalization of several billion.

Just the spicy king was praised by his old friend He Yu.

If you miss the investment, you will regret it for the rest of your life.

It made him a little excited.

Unfortunately, he has no money.

He didn't even have the qualifications to get on the bus.

If only Spicy King could really become the second Haidilao.

With Qi Sheng's wealth at that time, he might actually be able to play well.

Isn't it just a waste of money?

For a rich man with a net worth of tens of billions, it is really not a difficult task.

"That's it for today. I believe we will meet again soon."

Qi Sheng barely ate, so he got up and left.

"This Director Qi is really charming."

Watching Qi Sheng leave, the waiters in the store treated him with great respect and admiration.