Losing Money to Be a Tycoon c1-883

by Inebriation-seeking Blue Shirt, 青衫取醉

  “The gap between both games is not getting any smaller now. In fact, it’s getting increasingly bigger. In just one week, GOG has fully caught up with our on-ground marketing strategy and overtaken us.

  “We can only say that GOG is more well-prepared and close-knit than we are. We keep raising suggestions to IOI, but they refuse to accept them…”

  Wang Xiaobin nodded. Indignantly, he said, “That’s right. Finger Games is even blaming us, saying that our marketing strategy is too weak and that the game is doing extremely well in other countries.

  “The question is… does GOG exist in those other countries? We really want to tell them to try fighting GOG if they can. We’ll watch and see if they can successfully defeat GOG!”

  Ye Zhizhou nodded and chimed in. “Exactly! It’s bad enough having a useless teammate who slows us down, but Finger Games is even putting the blame on us and mocking us. How can we tolerate this?!”

  Wang Xiaobin turned to face Pei Qian. “Boss Pei, you wanted a dog-eat-dog competition anyway. Why don’t you make Tengda buy all the shares in Finger Games?! Then, we can modify IOI however we want to. Alternatively, we can completely take over IOI.

  “Then, we won’t have our hands bound, and we would no longer feel so helpless all the time.”

  Pei Qian was shocked.

  Buy all the shares in Finger Games? Am I not dying quickly enough for you?!

  Pei Qian was just about to speak up when Lin Wan beat him to it. “We can’t. Do you think Boss Pei hasn’t thought of that before?”

  Pei Qian: “?”

  Lin Wan continued speaking. “Do you think Finger Games is still worth as much as it was before? Boss Pei was shrewd enough to buy twenty percent of the shares with twenty million yuan. It was a great bargain.

  “Do you think good things are as common as cabbage in stalls by the streets?

  “IOI is picking up in momentum now. Finger Games’ value is picking up day by day. We may have twenty percent of the shares now, but even if we want to obtain control of the company, we would have to spend at least a hundred million or even 150 million US dollars more.

  “Tengda Corporation’s cash flow is healthy, but Boss Pei wants to maximize the use of the cash he has on hand. All along, he has been investing the cash as quickly as possible.

  “What’s more, even if Tengda Corporation has spare cash lying around, it would not add up to a hundred million yuan.”

  Wang Xiaobin stopped talking because he knew that it would be difficult for Tengda Corporation to fork out a billion yuan, even if it was doing extremely well. This was not a matter of whether Boss Pei wanted to, but whether the group of companies could afford to or not.

  Since it could not, there was no point saying anything more. Pei Qian was shocked.

  What the h*ll? Was Finger Games worth that much now? Then… according to that value, the twenty percent shares that he had spent twenty million yuan on… Would now be worth…

  Forty million… US dollars?!

  He had made more than ten times the original amount in such a short period?!

  Pei Qian began to feel light-headed. At the same time, he noted Ma Yang’s mistake in his heart.

  If other people had been in Pei Qian’s situation, they would be laughing until they cried. However, for Pei Qian, based on the conversion ratios, forty million US dollars could only be converted to forty thousand US dollars. That was about 280 thousand yuan…

  Incurring losses would still be more worth the while…

  In fact, if he was not careful, his profits and losses could cancel out. Then, he would surely vomit blood.

  Speaking of which, that was only a valuation. Not many people would be willing to fork out that amount of money. What’s more, if Tengda refused to sell the shares, there shouldn’t be much of a problem…

  Once again, the discussion reached a dead-end.

  They could not buy Finger Games because it was too expensive now. They could not instruct Finger Games either. It wouldn’t listen and would even give opposite instructions.

  It was no wonder that everyone at Shang Yang Games was so dejected. After all, everyone had been used to working on their own game and running their own marketing campaign. They had been free to modify any part of the game that they had not liked.

  However, while they knew where the problem lay now, the developers would not allow them to modify the game. Instead, the latter was blaming them for failing to manage and market the game well as agents. Who wouldn’t be pissed? Pei Qian cleared his throat. “Don’t be too anxious, everyone. There’s always a perfect solution. What’s more, things are not the worst now.

  “GOG started early, but IOI still managed to win a certain share of the market earlier. A minority was old customers of Gods Rising, and most were gamers of other game genres.

  “This means that, while GOG and IOI are competing, more new gamers are being drawn into the pit. That’s a good sign. As long as we can maintain a stable footing, there’s a possibility of turning the situation around.

  “There are a few things we cannot change, like GOG’s initial advantage and the game’s mechanisms. However, compared to GOG, IOI’s local server is lacking in something else that we have not tried to fill—that is esports. “In the next stage, I will allocate more funds for you to organize a large-scale competition for IOI. We will maximize the marketing funds to correct the misconception that Tengda does not care for IOI in esports!” After Pei Qian finished speaking, there was no lighting up of eyes or applause as there would have been before.

  After some consideration, Wang Xiaobin said, “Boss Pei, for an esports event to be popular, we need a good foundation. Players aside, where are we going to find the competing teams?

  “We can’t possibly pick random people from the ranked list and make them form a team at the last minute, can we?”

  The others nodded their heads as well.

  Pei Qian: “…”

  Things were slightly awkward now.

  Just as Pei Qian was considering this problem, Lin Wan spoke up.

  “No, none of you understood what Boss Pei meant. It is entirely possible for us to contact the bigger esports clubs in the country now and get them to form IOI teams.”

  Wang Xiaobin was stunned. “That’s unlikely, right? Given IOI’s current market share, the clubs would much rather form a GOG team if they really wanted to.

  “We could offer them money, but the clubs would focus on long-term benefits. If we offer too little money, they might not be interested in complying, but if we offer too much, we would lose out.”

  If we offer too much, we would lose out?

  That was perfect, wasn’t it?!

  Pei Qian’s eyes lit up. He was just about to speak up when Lin Wan did.

  “We don’t have to give them too much money.”

  Pei Qian: “…”

  Lin Wan continued speaking. “I understand Boss Pei now. We might have entered the esports arena late, but IOI would have some advantage over GOG. That’s because IOI is much more popular overseas!

  “It’s true that the clubs would focus on long-term benefits when forming teams. For those clubs, being able to take part in international competitions would obviously be one of the long-term benefits! “An esports event has to be popular all around the world for there to be enough attention to it. Although IOI is not as popular as GOG in the country at the moment, it could become a large-scale international competition in the future.

  “Forming an IOI team now could be a very promising option for E-Sports clubs. We could make a big deal out of this to persuade local esports clubs!

  “I guess that’s Boss Pei’s deeper intention, right?”

  Pei Qian cleared his throat. “Er… that’s about right.”

  A realization dawned on everyone else. That’s right! That’s a great advantage!

  Ye Zhizhou was deeply inspired as well. “That’s right. We could even invite one or two average teams from overseas as a gimmick and provide accommodati
on and return tickets for them. Then, we could call the competition an international invitational tournament and make more people pay attention to us!”

  Upon hearing the words ‘provide accommodation and return tickets’, Pei Qian became elated.

  Everyone else noticed how comforted Boss Pei looked as he gazed at Ye Zhizhou. At once, they knew that this was what Boss Pei had been thinking

  “Alright, let’s do as Boss Pei says and get started immediately!”

  “I’ll contact the local clubs”

  “I’ll invite the foreign clubs.” “Remember to pick the weaker teams. Otherwise, if our local teams get miserably defeated, our plan would fall through!”

  “I’ll inspect possible venues and come up with the competition schedule.”

  Everyone split the tasks quickly, and the once-lifeless meeting room instantly burst with vitality. Pei Qian was pleased. Everyone had read too much into what I said again, but it seemed like a positive thing this time!

  Alright, the meeting was a success!

  June 18th, Saturday…

  At the Management Trainees’ regular meeting… After settling Shang Yang Games yesterday, Pei Qian felt like a great weight had been lifted off of his shoulders. Today, on the way to the meeting, his footsteps felt lighter.

  “Everyone, let’s start reporting,” said Tang Yishu once she saw that everyone was present. She gestured for the meeting to start and prepared to take notes in her little notebook. After the meeting, she would convert the meeting minutes into a report.

  One by one, the Management Trainees spoke.

  “Deposit Fitness’s members are already using the new application, and feedback has been pretty good. The opening ceremony of Fish-Catching Internet Cafe’s Live Esports Museum has greatly improved Deposit Fitness’s reputation. Recently, a good number of customers approached us with questions. The new fitness meals have also arrived…”

  “Fish-Catching Internet Cafe’s Live Esports Museum has been a great success ever since its opening ceremony. Although its charges are higher than the previous two versions of the Fish-Catching Internet Cafe, it is still as popular. More and more people are forming teams. I guess that we can organize the first competition in the internet cafe soon…”

  “DGE Esports Club has resumed training as per normal. However, the feeling of being sought-after by fans at the opening ceremony has greatly motivated the team members and ignited their fighting spirit. Everyone’s training harder now…”

  Pei Qian was speechless as he listened to the Manage Loss Trainees’ reports. His good mood had completely dissipated by now.

  Wasn’t this supposed to be a Secret Service meeting?

  How did it turn into a funeral?

  It’s bad enough that everyone’s telling me things that I already know, but they’re just repeating all the bad news! I went to great lengths to organize Management Trainee meetings, and yet they’re just serving to double the back-stabbing effect!

  After getting stabbed in the back at the scene, I have to endure another stab at Management Trainee meetings?

  Pei Qian was furious, but he had no choice but to pay attention.

  That was because he did not know if there was useful information hidden in those reports. Moreover, the Management Trainees had no way of filtering what Boss Pei already knew from what he did not know yet.

  Thus, they could only report indiscriminately. Pei Qian fell into deep thought, wondering if something had gone wrong somewhere…

  Chapter 557 - Application for Funds on Behalf of Zhang Yuan

  A few other Management Trainees from various departments took turns to report their updates before it was Sloth Apartments’ Management Trainee’s turn.

  “Mr. Liang has been seriously considering the details of the designs recently. From time to time, he would go down to the construction site and give instructions. He has also carefully selected wall paint and furniture to make the design more environmentally friendly. Last weekend, he also talked to me briefly about Fei Huang Workspace…”

  Eh?

  Pei Qian sensitively noticed that something was amiss.

  Why was Liang Qingfan asking about Fei Huang Workspace for no reason?

  “What exactly did he say?” Pei Qian immediately asked.

  The Management Trainee of Sloth Apartments pondered for a moment. “I told him that Fei Huang Workspace is on paid leave, and Mr. Liang looked envious. Other than that… there wasn’t much else.”

  He was envious because Fei Huang Workspace was on paid leave?

  Pei Qian’s frown eased considerably.

  Yes, that’s not bad. This kind of attitude was

  good!

  Liang Qingfan had only started work a few days ago, but he was already thinking about taking a paid leave. He was really teachable!

  Still, Pei Qian could not afford to be careless. He turned to Fei Huang Workspace’s Management Trainee and asked, “Has Mr. Liang contacted Fei Huang Workspace?”

  Fei Huang Workspace’s Management Trainee looked confused. “Boss Pei, the entire company is on leave. I wouldn’t know even if Liang Qingfan contacted anyone in private. However, I’ve been working in the office and accepting many calls. I can confirm that no one has introduced himself as Mr. Liang.”

  Pei Qian nodded subtly.

  d.

  It was unlikely that Liang Qingfan would have called Huang Sibo directly. After all, he had only just arrived in Jingzhou a while ago, and he did not have many contact numbers of people in charge. If Liang Qingfan urgently wanted to engage Fei Huang Workspace’s help for something, he would likely approach Boss Pei himself, right? Since he had not approached Boss Pei or called Fei Huang Workspace’s office… it meant that Liang Qingfan was only casually asking because he had been interested in the fact that all the employees were on paid leave, right?

  At first, Pei Qian had thought about asking the Management Trainee why he had not reported this immediately. However, on further thought, it did not seem necessary to immediately report such a small matter to Pei Qian. It made no difference to report it during the Management Trainee meeting.

  Finding nothing suspicious, Pei Qian gestured for the meeting to carry on. It was Fish-Catching Take-Out’s Management Trainee’s turn.

  “The new branches are still incurring losses, but Boss Rui doesn’t seem to mind. He’s still preparing to open more branches. On top of that, the chef at the Gourmet Laboratory has been making regular trips to the nameless restaurant recently. They seem to be researching a new and more luxurious dish in private.”

  Pei Qian had been overjoyed to hear the first sentence, but by the end, he was frowning deeply. “A new dish?”

  He had not been informed about this before.

  However, why was the chef making trips to Ming Yun Private Kitchen? Was he trying to learn new skills associated with high-end dishes?

  Still, the dishes produced by Ming Yun Private Kitchen required outstanding culinary skills and extremely valuable ingredients. How could they be made into take-out?

  A modified version? The chances of success were not high.

  That was because Fish-Catching Take-Out’s average-priced meals were still incurring losses. Wouldn’t the losses only increase if they tried to venture into the high-end market?

  Pei Qian pondered for a moment, and then said, “Keep a close eye on this. I want a detailed report at the next meeting.”

  He had no intention of putting a stop to this because there were high chances of failure. If they really failed, Fish-Catching Take-Out would be able to burn more money, and Pei Qian would be elated.

  Last but not least, it was time for the report from Thriller Hostel’s Management Trainee. All in all, everything at the Thriller Hostel was going well. The timeline for the Golden Maze was tight, but there were no huge problems.

  Pei Qian was slightly disappointed. He wanted Thriller Hostel’s construction to be delayed.

  To him, it would be best if Thriller Hostel was only completed at the e
nd of August or at the start of September. It wouldn’t affect settlement, and he would be able to generate less income.

  However, he was helpless. Chen Kangtuo, Boss Li, and the others were all anxious. Judging by their current speed, Thriller Hostel would be open for business at the beginning of July.

  Even if Pei Qian thought up a reason to delay its opening, he would only be able to postpone it by one or two weeks. Any longer than that seemed impossible.

  All the Management Trainees had finished their reports. After some thought, Pei Qian concluded that the current situation wasn’t horrible. There was still hope.

  “Good work, everyone! Keep working hard!”

  June 20th, Monday…

  At 9 AM, Pei Qian was eating his breakfast at Fish-Catching Internet Cafe. As he sipped his coffee, he thought about his plan for the week.

  It was the 20th today. In other words, it was the day of the month that he had the entire Ming Yun Private Kitchen reserved.

  He had already decided whom to invite to Ming Yun Private Kitchen for a meal: the production team of Tomorrow is Beautiful.

  Tomorrow is Beautiful was finally taken out of overseas cinemas yesterday. They had made 1.4 million US dollars in the box offices. However, Pei Qian saw no need to panic just yet, because overseas box offices took much longer to distribute profits than local ones. That would be a problem for the next cycle.

  The film’s final results in the box offices had also been hotly debated online. The fans analyzed that there were multiple reasons behind it.

  For example, there were the effect of the final post-credits scene in Tomorrow is Beautiful, how the Jury Award’s reputation could not be compared to the Palme d’Or no matter how good it was, how the film did badly in the beginning so that—no matter how high the row piece rate had become subsequently—the later performance was limited.

  In short, one could not say that the film was a hit at the box office. It still fell short of what many fans had hoped.

  Still, no matter what, it had been a hit at the box offices. It had also done the best in overseas box offices in those couple of years. Especially considering its initial investment, the fact that Tomorrow is Beautiful had aired in local and overseas cinemas and was being streamed online was a huge win.