Chapter 975: Chapter 971: Returning to Shu City, Acquiring Major Enterprises!

"Ah? Really?" Yang Xiaohui immediately said happily, "Then for the upcoming time, you and Meixin can focus on practicing the piano. Let’s not take a break during the May Day holiday, and have extra classes together!"

"Okay!" Duanmu Yunji nodded.

Lin Meixin didn’t mind; after all, she was single and didn’t like going out, so extra classes were fine.

Two o’clock in the afternoon.

Luofeng landed safely at Shu City International Airport.

The people from Loyalty and Righteousness Security Company had already driven Luofeng’s Lamborghini Urus to the airport’s underground parking.

In general, Luofeng preferred to drive himself because it was more discreet.

Even driving a Lamborghini, compared to having a chauffeur, driving personally was still more discreet.

Around three o’clock in the afternoon, Luofeng drove to Shu City Economics University.

Luofeng first sent a message to his counselor, Yun Shan, to indicate he had returned to the school.

It was clear that Yun Shan wouldn’t say much.

Just after chatting with Yun Shan, Luofeng received a message from Chen Ping.

"Boss Luo, have you finished handling your affairs in Capital City? If there’s some business, could you come to the company?"

Luofeng: Is there something going on?

Chen Ping: Yes! There’s an important matter that needs to be discussed face-to-face!

Luofeng: I just got back to school, I’ll come over right away.

Chen Ping: Alright, we’re waiting for you at the company. By the way, Boss Luo, we’ve moved to the eighty-eighth floor!

Luofeng looked at this message. 𝙛𝒓𝒆𝙚𝒘𝒆𝓫𝙣𝓸𝙫𝓮𝒍.𝒄𝒐𝓶

First checking his previous tasks.

The task of upgrading his company.

This task hadn’t been completed yet.

Luofeng: Chen Ping, is our expansion going smoothly?

Chen Ping: There are some minor issues. Shu City’s financial atmosphere is still a bit lacking, and after we previously poached some elites from other companies, trying to expand further now might be problematic because others are guarding their talents. As such, we can only go to Capital City or Shanghai to attract talents there.

After all, lessons have been learned.

The people in Shu City’s financial circle surely take precautions.

Everyone keeps their talents guarded.

Chen Ping: I’ve already arranged for Wang Shuai to go to Shanghai for talent acquisition, he’s personally leading the team.

Luofeng didn’t worry about this issue.

Poaching isn’t too over-the-top, is it?

After all, a smart bird chooses its tree, right?

Luofeng: I’ll come over first, I’ll be there in about half an hour.

Chen Ping: Okay.

In over half an hour, Luofeng arrived at Shu City’s Guojin Center, taking the high-speed elevator to Fengshun Investment Company on the eighty-eighth floor.

Now, the entire eighty-eighth floor was occupied by Luo Feng’s Company.

The receptionist, Liu Mei, greeted warmly, "Hello, Boss Luo!"

"A new receptionist, huh?" Luofeng looked at her.

"Yes, Boss Luo, we now have three additional receptionists!" Liu Mei said.

Luofeng nodded slightly and said, "Take me to Chen Ping’s office!"

As Luofeng hadn’t been to the new Fengshun Investment, he let the receptionist lead the way, given his unfamiliarity.

Shortly after, Liu Mei took Luofeng to the entrance of Chen Ping’s office.

Liu Mei thoughtfully knocked on the door for Luofeng.

Luofeng silently admired Liu Mei’s figure. Not bad; this receptionist was quite impressive, comparable to Xu Xin, the cheongsam and black stockings young lady at Liu Shanshan’s private restaurant.

Both were seen as ordinary yet endlessly desirable ’ordinary-version goddesses’ by everyday people.

Any man would feel desire looking at such women, but why couldn’t they be absolute beauties?

They might have minor flaws in appearance or figure, not being perfect.

"Come in!" Chen Ping called from inside the office upon hearing the knock.

Liu Mei opened the door for Luofeng.

Upon entering, Chen Ping immediately stood up and greeted, "Boss Luo!"

"Old Chen, what was it you mentioned earlier?" Luofeng asked directly.

Liu Mei had already left the room.

Chen Ping’s office was roughly 40 square meters. In the meeting area, Chen Ping handed a document to Luofeng.

"Boss Luo, our opportunity has arrived," Chen Ping said.

"Tell me, what opportunity?" Luofeng said while looking over the document.

"We’ve received inside information; a certain video streaming provider’s cash flow can’t hold up anymore. They’ve reached a point where they either need external financing or internal shareholder investment, otherwise they’re likely to hit a deadlock!" Chen Ping continued, "Boss Luo, our plan is to become the sixth major player in the media industry, and buying this video platform would nicely cover our weak spots, giving us a core release platform."

"So you think we should acquire Ai Enterprise Video?" Luofeng said.

"Exactly!" Chen Ping nodded, "All the current media giants have their own core content release platforms. If we don’t, we’re at a disadvantage!"

Luofeng, while checking through the document, chuckled, "Actually, Ai Enterprise has a third option!"

"Ah?" Chen Ping looked puzzled at Luofeng.

Luofeng pointed again to the document, saying, "Although Ai Enterprise has been losing money yearly, its paid user base is still okay. Last year’s fourth quarter reached 107 million users!"

Chen Ping paused in thought, realizing what Luofeng meant.

"Boss Luo, are you suggesting Ai Enterprise could make strategic changes regarding membership fees? Like a comprehensive increase?" Chen Ping said.

"Yes! A broad increase, given the scale of 107 million, they could gamble big on this!" Luofeng said.

Chen Ping said, "But wouldn’t such a gamble be very risky?"

"Their options are limited. The choices you mentioned aren’t optimal!" Luofeng said, "Have you checked the documents?"

Luofeng pointed again to the documents, saying, "In 2017, Ai Enterprise lost 3.7 billion over the year, and 9.1 billion the following year. Even though their revenue report looked good in 2019, they’ve lost another 9.3 billion! It’s important to know that they reached 29 billion in revenue that year, yet still ended with a 9.3 billion loss! So, convincing shareholders to continue investing seems less likely."

"As for external financing? Penguin Company has Penguin Video, and Ahri also has its own video platform. They’re both wholly-owned subsidiaries." Luofeng explained.

"Ai Enterprise can hardly find other giants for financing. Smaller giants, whether Weibo or others, focus on their own fields and wouldn’t take on Ai Enterprise’s heavy burden." Luofeng continued.

A company ending the year with such losses?

Who would dare take over easily?

"So, Old Chen, could you still insist your previous two choices are suitable for them?" Luofeng asked.

Chen Ping remained silent.

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