My 1999

Chapter 147 The Development of Hongmeng South Korea

When Miyoko Kagami left, Xu Liang's eyes involuntarily turned to Fukuda Xinmei.

After getting along with her for this period of time, he already knew a lot about this girl.

Just as he was about to speak, the phone in his pocket suddenly rang.

When he picked it up and looked at it, his face changed slightly.

He walked out with his cell phone.

Press the answer key.

Sun Mingzhen's voice came over.

"President, the company has been sued by SM, saying that our Hongmeng Music Network has infringed the copyright of their songs and requires us to pay 50 million won in compensation. At present, we have received a written notice from the Gangnam District Court in Seoul."

"When did this happen?"

"Two days ago."

"What does Li Haizhen mean?"

"He believed that SM's 50 million won was too much. The two parties did not reach an agreement in private. Instead, they angered SM and directly filed a lawsuit in court."

"I know, I'll go there in a few days."

"You...when will you come over and I will pick you up then?"

Hearing the earnestness in Sun Mingzhen's words, Xu Liang smiled.

"In a week."

In another week, things in Japan will probably be settled, and he can leave with peace of mind.

"I see."

After hanging up the phone, Xu Liang put away his phone and returned to the office.

"Xinmei, stop painting, it's time to have lunch."

Futian Xinmei put down her paintbrush, cleared the table quietly and gracefully, and then came over to hold Xu Liang's left arm.

"What shall we eat today?"

"You'll know when you get there, come with me."

When he came outside, Huo Gang quickly came up.

"Brother Liang, today at noon..."

"Xinmei and I will have lunch together, so you don't have to follow us."

After finishing speaking, he patted his shoulder and said, "Eat whatever you want, don't wrong yourself."

Looking at Xu Liang's leaving figure, Huo Gang couldn't help but mutter: "Brother Liang has changed. Now he only sees women and no brothers. But are women really that good?"

Turning his eyes, he couldn't help but glance at Kagami Miyoko next to him.

His skinny figure made him shake his head violently.

He doesn't like this.

He turned around and returned to his desk. After looking around and seeing that no one was paying attention, he quietly opened the drawer of his desk and pulled out a book of impurities.

After opening it, it was full of plump and fat horses.

While watching, Huo Gang had a crazy smile on his face.

——

A week later, Hongmeng South Korea headquarters in Yucheng Building, South Korea.

Xu Liang is sitting in the office, next to Li Haizhen.

"How do you think about SM's lawsuit?"

"President, this is not a big problem. Our Hongmeng Music allows all musicians to upload their own music works and create their own work files. This will inevitably involve infringement issues.

SM Company is just the first company to sue us, but it will not be the last.

Even if it does get to the litigation stage, it's actually not a big deal.

Even if he loses the lawsuit and loses money, he will never be able to pay 50 million won.

Moreover, these high-quality songs have increased the market share of our Hongmeng Music and expanded our user base.

In addition, this kind of commercial lawsuit takes at least half a year from investigation and evidence collection to the trial stage. If you are not satisfied, you can appeal, and it will be a year or two before the judgment is made.

During this period, we can quickly occupy the market with pirated music. The money we pay to the music company will be equivalent to a promotion for us. Not only will we not lose money, we will even make a profit. "

Xu Liang looked at Li Haizhen, this guy is so bold.

But his method is really good.

"Your method is good, but we can't push all the music companies to oppose each other. Otherwise, we won't be able to bear the group attack."

"Of course. That's why I didn't touch YG and JYP's music."

Xu Liang nodded, "I remember the president of SM is Lee Soo Man, right?"

"You know him?"

"It's considered acquaintance."

Xu Liang smiled.

Hallyu was once very popular in China, especially Girls' Generation, which was his favorite girl group, and he learned some news about SM.

"Have you had any contact with him?"

"No, but SM's president Han Zhengying is a very strong person, and they broke up after a few contacts."

Xu Liang looked at the increasingly aggressive man in front of him.

As the Hongmeng South Korean company develops and expands, with more and more employees, Li Haizhen's style becomes more and more powerful.

“How many users are there on Hongmeng Music Network now?”

"5.47 million registered users, 52,000 subscribers, and revenue of 48 million won in November."

According to the current exchange rate, 48 million won is equivalent to about 300,000 Chinese dollars.

The country is trapped in copyright issues, so it’s understandable that profits are low.

However, the copyright market in South Korea is relatively standardized, and it is a bit unreasonable that the revenue ratio is so low.

As if until he asked something, Li Haizhen spoke.

“There are few Hongmeng Music subscribers because the main way users currently listen to music is their Walkman, but the Walkman does not support the MP3 format.

Therefore, except for a small number of computer users and users with MP3 players, few people download our songs through Hongmeng Music Network. "

Xu Liang suddenly realized.

In the past, he felt that the revenue ratio of Hongmeng Music Network was low, mainly because the domestic copyright environment was not good.

But now I understand that there is still a lack of hardware support.

Thinking of hardware, he immediately thought of the MP3 players he had purchased many times in his previous life.

When I was in college, almost everyone had one.

But now is not the time to think about that.

"What about other businesses?"

"Hongmeng website has 12.1 million registered users and revenue in November was 480 million won."

“Bing Search currently indexes 150 million web pages, with 87 million daily visits. It is currently the number one independent search engine in South Korea, accounting for 67% of the search share.

We are preparing to officially launch the bidding ranking advertising system on the 19th of this month. "

When Xu Liang acquired Naver, his search business was already the number one search engine in South Korea. Later, it acquired Huaxia Brothers' encyclopedia, knowledge, pictures, information and other business forms, and its attractiveness increased rapidly.

Especially ‘know’, the market share of the search engine whose name was changed to Bing directly increased by half.

"The Naver website currently has 3.49 million registered users, 23.17 million daily views, and a market share of 28.17%, surpassing Lycos Korea and second only to Yahoo and DAUM. Revenue in November was 240 million won."

"Hangame game portal has 4.17 million users and 31.76 million daily views. It is currently the largest game portal in South Korea. Its main revenue comes from game sharing and display advertising. Revenue in November was 320 million won.

However, the South Korean game market has been booming recently. More than 100 game companies and studios have been born. Three or four new games are launched every month, and the company's revenue will reach new highs. "

"President, I don't know what's going on with the production studio, but our Hongmeng Technology can create at least 8.5 billion won in revenue and 4 billion won in net profit this year."

Xu Liang did a simple conversion, which is roughly equivalent to a revenue of 60 million Huaxia coins and a net profit of 28 million Huaxia coins.

To be honest, not very high.

However, Hongmeng Technology was still losing money three months ago, so this revenue is very good.

"Lao Li, you have done a great job. Under your leadership, Hongmeng Technology has turned a profit and is on the right track."

"Without the support of the head office, Hongmeng Technology would not have been able to develop so well."

Although Li Haizhen has a domineering style, he is a smart person and knows when to be domineering and when to bow his head.

Looking at the man in front of him, Xu Liang thought for a moment.

"Lao Li, South Korea is basically on the right track. All we need to do next is to develop step by step. It's a waste of your talents to stay here, so do you want to change to a bigger platform?"

"A bigger platform?"

A glint flashed in Li Haizhen's eyes.

"That's right."

Xu Liang nodded affirmatively.

Recently, he has been considering the candidate for the president of Hongmeng's South Korean subsidiary, but after much consideration, he finally thought of Li Haizhen.

He has a tough hand, rich experience, good decision-making ability at critical moments, and is also very talented in management.

A person like him is suitable for managing Hongmeng Zhongnan Company, which has many countries and complex backgrounds.

Xu Liang continued: "The company currently has a Chinese headquarters and six subsidiaries in South Korea, Japan, Xiangjiang, Zhongnan and Nanyang.

At present, Japan, Xiangjiang and Nanyang companies have managers. I want you to go to Bangkok to take charge of the development of Hongmeng Zhongnan Company.

If you agree, in addition to continuing to retain your equity in Hongmeng South Korea, you will also receive 5% of the equity of Hongmeng Zhongnan subsidiary and 0.2% of the equity of Hongmeng China. "

There are six countries in Indochina, excluding Singapore. Malaysia and Thailand have good economies, but the rest are garbage.

However, the population of nearly 300 million and the rapidly developing economy make the Internet market here very valuable.

Li Haizhen showed hesitation on her face.

By staying in South Korea, he is sure that he can lead the company to greater success, but even if he succeeds, his equity will not change, and at most he will get a salary increase.

If he goes to Hongmeng Central South Branch, relying on Hongmeng's resources, he is confident to build a successful Internet company, and 5% of the equity will be a considerable fortune by then.

More importantly, there is also a 0.2% stake in Huaxia Corporation, which is the real big deal.

According to the latest valuation, this part of the equity alone is worth US$2 million.

The temptation is a bit big.

"President, how much financial support can I get if I go?"

"20 million Chinese coins."

This is a lot of money. When Hongmeng South Korea was first established, the cash flow was not so much.

"Can I send people from Hongmeng South Korea to come over?"

"Only three places can be given to you, and they must be technical personnel. You understand our company's development strategy, and localization is a priority. Therefore, Hongmeng Zhongnan Company must consider local managers as much as possible."

Li Haizhen nodded, "Can I get the same management rights as South Korea in Hongmeng Zhongnan Company?"

"No, more. Hongmeng Games is also under your management."

Li Haizhen paused and pondered for a while.

"President, can you let me think about it?"

"Of course. But you only have three days to think about it."

"OK."

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