Chinese entertainment: What's wrong with actresses wanting to improve?

Chapter 295 Subscription and Friendship

May 29th, 10:00 AM.

Fu Yibai brought Zhao Qi and the legal director to China Film Group.

Han Shanping's office remained the same, with a dark solid wood desk and box office posters for "Inception" and "Gravity" hanging on the wall.

"Yi Bai, you're here."

Han Shanping stood up from behind his desk, came over, and shook hands.

"Chairman Han looks good."

"Thanks to you."

Han Shanping smiled and gestured for him to sit down, and his secretary brought out tea.

How's the post-production progress of Pacific Rim going?

"The special effects shots are 70% complete, and we expect to finish them all by the end of June. A December release should be no problem."

"good.

I'm really looking forward to seeing your mecha blockbuster.

After exchanging a few pleasantries, Han Shanping pushed a thick document in front of Fu Yibai.

"Take a look at China Film Group's share reform plan."

Fu Yibai opened the file.

China Film Group Corporation was jointly established by China International Television Corporation, China National Radio and Television Corporation, Changchun Film Group Corporation, China Unicom, China Publishing Group Corporation, and China Education Television.

Chenxi Media, as the sole private strategic investor, subscribed to 5% of the shares.

The subscription price was HK$3.20 per share, for a total of HK$160 million.

Fu Yibai handed the contract to the legal department, while he chatted with Han Shanping about everyday things.

"Yi Bai, what about what I told you last time? How's your thinking going?"

"What happened last time? What happened?"

Fu Yibai looked at Han Shanping with some confusion.

"About going public."

With its current performance, going public would be a piece of cake.

Aren't you tempted?

"About this matter."

I have indeed given it serious consideration.

Han Shanping sat up straight, waiting for him to continue.

"Chenxi Group is not suitable for a full listing at present."

Han Shanping frowned slightly, but did not interrupt him.

"Dawn's business structure is too complicated."

Film and television, music, games, video, technology, and investment are six sectors with different development paces, profit models, and valuation logics.

Offering the whole package as a single entity actually makes the story harder to tell.

He paused.

"But the subsidiaries under Chenxi can be listed in batches."

Nebula Video, Xingmeng Digital Entertainment, and Xingchen Technology—these three business segments have clear business models, well-defined growth potential, and meet the requirements for independent listing.

Han Shanping nodded in agreement.

"So, which company are you planning to take public first?"

Fu Yibai didn't expect the old man to care so much about this matter.

Given Han Shanping's status, he would not be able to invest in any of Chenxi's companies.

Therefore, Fu Yibai couldn't quite guess what the old man was thinking.

"Nebula Video is the fastest."

Currently, monthly active users have exceeded 60 million, and paid members have exceeded 5 million. This year, revenue is expected to reach 800 million to 1 billion yuan.

Although they are still losing money, the valuation logic of video websites does not look at profits, but at user growth and paid conversion rates.

I plan to launch Nebula Video's IPO process within two years.

"Star Dream Digital Entertainment's game business is already very mature."

They may also launch an IPO within the next two years.

"Star Technology's mobile phone business is just starting out and needs to be observed for another one to two years."

However, if Nebula X1's successor products can maintain the current momentum, StarCraft's valuation will be very high.

After listening, Han Shanping remained silent for a long time.

"Yi Bai, are you twenty-nine this year?"

I'm thirty now.

"Thirty is the age to establish oneself..."

Han Shanping sighed inexplicably.

"Back when we first met, you hadn't even graduated from university yet."

It seems like they were negotiating the buyout of "Black Coal, Thin Ice" at the time.

"Yes, Mr. Han still remembers."

"Of course I remember."

You were so full of youthful vigor back then; I knew then that you were destined for greatness.

Han Shanping picked up his teacup and took a sip, a look of reminiscence appearing in his eyes.

"Over the years, I've watched you build up Chenxi step by step, just like watching my own children and nephews grow up. I feel both gratified and emotional."

As Fu Yibai listened to Han Shanping's reflections, a warm feeling welled up inside him.

Over the years, through thick and thin, Han Shanping has indeed provided a lot of support at crucial moments.

Although Fu Yibai would always give back his investment share in the project, some friendships cannot be measured by mere commercial interests.

Fu Yibai said solemnly, "I will always remember Chairman Han's kindness in helping me."

"Dawn's success today wouldn't be possible without your support."

Han Shanping waved his hand, his smile carrying the kindness of an elder.

"Don't say such polite things."

By the way, do you have a girlfriend?

"How about I introduce you to someone?"

"Cough cough cough!!!"

Fu Yibai choked on the tea and coughed several times, a rare look of embarrassment on his face.

Zhao Qi smirked to herself, while the legal director discreetly looked down at the documents.

"Chairman Han, you changed the subject so suddenly."

Fu Yibai wiped his mouth and smiled wryly.

"I'm so busy all day long, I don't have time to think about personal matters."

"It's precisely because we're busy that we need someone to take care of us even more."

Han Shanping spoke with the air of someone who had been through it all, tapping his fingers lightly on the armrest.

"I know several daughters of old friends, and they are all well-educated and sensible girls."

How about we organize a dinner party sometime, so you young people can get to know each other?

Fu Yibai quickly waved his hand.

"You really don't need to trouble yourself."

When it comes to relationships, let things take their natural course.

Seeing his expression, Han Shanping smiled and shook his head.

"The entertainment industry is a wonderful place, full of beautiful women and dazzling stars."

Fu Yibai felt a little embarrassed by Han Shanping's teasing and kept giving the legal director meaningful glances.

The general counsel understood, gently handed the reviewed contract to Fu Yibai, and calmly reported to his supervisor.

"Mr. Fu, the contract terms have been reviewed and no major legal risks have been found."

The subscription process and subsequent shareholder rights agreements are very clear.

This well-timed report steered the conversation back on track from the slightly awkward private sphere.

"it is good."

Fu Yibai nodded.

After signing the contract, Fu Yibai said goodbye to Han Shanping, and then fled with Zhao Qi and the legal director.