Love? The Reborn Me Just Wants to Obtain Rewards-Chapter 892 - 370: Rest Easy Now_2

The real unhappiness between me and them mainly occurred over strategic direction.

Back then, in order to meet the profit requirements for a public listing and attract external investors, the partners persuaded me to expand the product line and monetize quickly.

They didn’t even wait for my full agreement before starting to negotiate with lipstick manufacturers for OEM production.

Do you think I didn’t realize that this would damage my credibility with my fans?

In fact, I knew it perfectly well.

But being in that position, pressures from all sides follow you like a shadow.

Taobao pressured me, the partners pressured me, the employees under me pressured me, my aging self and the uncertain, chaotic future pressured me...

But then, you appeared at just the right moment.

I’m very grateful to have joined Xingyu and become part of your vision.

Here, I still feel pressure, but it has become simpler, and I’ve also become more focused. So, whatever value you assign to Xingyu, that’s its value—I fully agree.

As for how much of my equity needs to be diluted, go ahead and do it. I’m right here, waiting to sign the confirmation letter." freeweɓnovel.cøm

Before Su Huai could feel touched, Li Jiaqi immediately raised her hand.

"Mr. Su, to put myself in your shoes, everything you and the management team have done is seen by everyone in the company.

Without us, Xingyu would at most develop a little slower. But without you, there would be no development to speak of.

I’ve heard simple details about other talent agencies. They would jot down even the 100 US dollars they spend on their hosts.

But our major shareholder doesn’t write a single cent spent on marketing and traffic acquisition into the financial reports. This kind of far-sighted approach—I’ve never even heard of it before.

It’s a tremendous honor to work with you and everyone else to build a great company like Xingyu.

Moreover, you’ve already explained the reasoning very clearly, and I’m fully on board. If you bring out a contract now, I’ll sign it immediately, no problem at all.

The reason I still want to listen further is actually to learn—I’m curious about your valuation method.

Also, I’d like a more comprehensive understanding of Xingyu."

Who says Li Jiaqi lacks emotional intelligence?

When she’s sharp, she’s clear-headed and quick—second to none.

And with both of them having expressed their positions, the last major obstacle in Xingyu’s internal structure was completely removed.

"Actually, my valuation of Xingyu far exceeds 10 billion US dollars."

Su Huai spoke calmly, dropping a bombshell.

The reason for all the previous trouble was precisely because his perspective on Xingyu differed from others’, but he couldn’t reclaim equity by deceiving his partners. This is why he had to break down the evaluation system and explain it in detail to them.

"There are three reasons.

First, Xingyu’s momentum has already been established.

The massive volume of mid- to lower-tier livestream hosts and content creators can support monthly revenues of 1 billion, and due to Xingyu’s early-mover advantage in expanding its monopoly, its bargaining power far exceeds the industry standard. From 1 billion in revenue, we can recover 700 million in revenue and 100 million in performance bonuses.

This means that in the second half of the year alone, Xingyu’s revenue numbers—relying solely on mid- to lower-tier hosts—can reach 6 billion. With a 20x price-to-earnings (PE) ratio, a valuation of 120 billion isn’t excessive.

Of course, given the nature of our industry, a 20x PE isn’t achievable; an 8x to 10x PE is relatively more realistic.

Let’s settle on a midpoint—5 billion.

Second, the spillover effect of top-tier hosts’ influence.

Although today’s discussion about traffic pools and traffic quality is new to you, in practice, we’ve always been using the influence of top-tier hosts to reach the broader market.

For the hosts and creators Xingyu sets its sights on, we don’t lose out on recruiting any of them. This reflects our level of influence.

Xingyu’s influencers are driving offline commercial ventures with explosive growth each month—again, a result of this influence.

On every major streaming platform, supervisors are particularly cooperative with Xingyu’s hosts, and users highly recognize them too—this is also an outcome of influence spillover.

Lastly, the mid-tier hosts directly cultivated by creators like Yuji and other top streamers have saved the company significant resources, brought abundant returns, and formed a virtuous cycle and a pyramid structure, which reliably supports future profit needs.

You all haven’t started moving on this yet, but in the second half of the year, everyone needs to take action.

Jiaqi, you’ll have to bring a few assistants. I’ll give you plenty of time to carefully select and test them. By the beginning of next year, you need to have three stable, trainable streaming assistants, chosen directly from our company’s talent pool.

Sister Yi, you also need to collaborate more with the company’s fashion talents.

Ziqi... never mind Ziqi. Your niche can’t accommodate others. Just focus on yourself.

At this moment, the IP value of all your individual top-tier brands combined, based on Shi Zeyu’s model estimates, is 15 billion. That’s the raw figure after stripping away excess variables.

But I believe that by the end of the year—when the plan formally kicks off—you all will grow significantly. Let’s double it to 30 billion.

Third, the overseas subsidiary’s profitability has far exceeded expectations.

I stayed in Dubai for half a month and can now confirm that the subsidiary’s proprietary platform, GiGo, is set to explode. That market is bursting with opportunities.

I predict that GiGo will become our most profitable platform asset, utterly outperforming Panda several times over.

By year-end, I estimate its valuation will surge to at least 10 billion US dollars.

So you see, the issue isn’t that Xingyu isn’t valuable enough—the problem is that Xingyu is too valuable.

By year-end, with a clean valuation of 120 billion, the external financing offer will need to start at around 40 billion US dollars. If we don’t address the equity issue now and postpone this discussion until year-end, I fear it’ll be hard for everyone to remain calm."