The taxes that a place like Jizhou's Qiuyun Garment Factory contributes to Jizhou annually are a terrifying figure!
Jizhou basically got a major tax-paying factory for free; it's an absolute win for them!
Similarly, the Meiyou New Factory in Jiangzhe Province is also like this.
Now, with its introduction, an investment of 100 million, in a few years, 1 billion in tax revenue can be recovered.
It's definitely a cash cow!
It's no wonder the cities in Jiangzhe Province aren't going crazy trying to snatch up such good projects!
"Good thing we're not building a factory in Gusu Province, otherwise the Thirteen Protectors would surely start a fight!"
Wang Yi chuckled.
Song Sining's beautiful eyes gleamed:
"The Thirteen Protectors haven't started fighting, but our province's two major cities are in a fierce struggle."
"What happened? Is it because of the three factories?"
Wang Yi had a guess.
"Yes! Our super phone factory has settled in Jizhou, and we are planning to invest in building a tablet factory, a TV factory, and a smart home factory. The city government fully agrees, and the provincial government absolutely supports it, but Dao City is unhappy!"
"Dao City's representative said that Xingyi Technology should spread the wealth, and not let Jizhou be too busy. It's fine if the Xingyi super phone factory and smart home factory are both in Jizhou. But the Xingyi smart TV factory and tablet factory would be better placed in Dao City!"
Song Sining smiled:
"Dao City wants to snatch such a big and good project, and Jizhou is certainly unwilling, stating directly that Dao City already has Haier, Hisense, Tsingtao Beer, and Aucma, and shouldn't be so greedy... Over this matter, both sides argued fiercely, and there's still no conclusion!"
Wang Yi smiled:
"I see. But let's skip the tablet factory; tablets and phones are similar, so they should be kept together, all remaining in Jizhou. As for the smart TV factory, it can be placed in Dao City. Dao City already has Hisense, which has formed a TV industry belt. If we go there, with a strong alliance, we can create a smart TV industry hub, achieving a win-win situation!"
"Good idea."
Song Sining's eyes lit up:
"This way, it also counts as spreading the wealth."
If all four major electronics factories were placed in Jizhou, it would be unrealistic.
Neither the provincial government nor Dao City would agree; at least one would have to be separated to balance things out.
And the most suitable is the smart TV business.
Jizhou has no TV business.
If a smart TV industry belt were to be built in Jizhou, it would have to start from scratch, which wouldn't be easy.
However, in Dao City, with Hisense's TV industry as a foundation, it can develop rapidly, with no need to start from scratch.
Moreover, the construction of the Xingyi Smart TV Factory will take time, with production starting no earlier than the end of 2012.
However, Xingyi TV needs to go into mass production by mid-2012, so it can certainly find Hisense to handle the OEM manufacturing first!
Hisense's strength in the TV field is still very impressive, and its R&D capabilities are also strong.
They also OEM manufactured many TV brands, especially foreign brands.
In his previous life, Sharp TVs and some American brands were all OEM manufactured by Hisense.
Furthermore, Panasonic TVs had long given up their own factories.
Domestic Panasonic TVs are all shipped from Dao City, and are most likely also OEM manufactured by Hisense!
With both parties cooperating, Xingyi TV can be OEM manufactured by Hisense, and Hisense TVs can also carry Xingyi Video content resources, thus achieving a win-win.
Just like Xiaomi and iQiyi, or more precisely, Galaxy Qiyiguo!
iQiyi can only be used on mobile phones, tablets, and PCs.
To launch on TV, one must use Galaxy Qiyiguo, which holds an an OTT network TV license.
Membership fees would have to double, as the license holder also gets a share of membership fees and advertising revenue!
Network TV licenses were issued in two batches in 2010 and 2011:
First batch: CNTV (Future TV), Modu Wen Guang BesTV (Bestv), Wasu Media (Wasu TV).
Second batch: Southern Media (Yunsheting), Mango Broadcasting and Television (Mango TV), China International Broadcasting Network (CIBN), China National Radio & Television General Station GITV (Galaxy TV).
A total of 7 network TV licenses were issued, with no further additions planned.
Any video platform wishing to launch on TV must cooperate with the above seven licensed institutions.
There are two modes of cooperation.
One is to invest in shares and establish a joint venture with an OTT TV license holder, thereby obtaining the license and content broadcasting control.
In his previous life, in July 2012, iQiyi partnered with China National Radio & Television General Station GITV, which holds a network TV license, and Gusu Province Broadcasting and Television General Station, to form a joint venture called Galaxy Internet TV Co., Ltd.
The Galaxy Qiyiguo app, later launched for TV, not only held GITV's license but also completely replaced the unlicensed iQiyi TV.
It also integrated resources from China National Radio, Gusu Satellite TV, and iQiyi's film and television content, thus becoming a top-tier video platform, deeply loved by young people!
The second method is to purchase license permits and authorizations from a licensed company to jointly build a network TV platform.
For example, Bilibili purchased the OTT license authorization from Southern New Media (Yunsheting) and launched the Yunsheting Xiaodianshi app.
Southern New Media provides the license authorization and broadcast control, while Bilibili creates its own content.
Similarly, Wang Yi's Xingyi Video TV version also lacks a network TV license and must choose a major license holder for cooperation.
Either invest in shares to become a major shareholder of a license holder's subsidiary.
The license holder provides the network TV license and its own resources, while Xingyi Video provides film and television content and technical support.
Both parties engage in strategic cooperation and deep binding.
Or, without investing, just purchase an OTT license authorization like Bilibili and create their own content.
Both methods have their merits.
However, this matter is not urgent; the current license policy has just been released and is still in a transitional period.
Major video platforms have all launched their TV versions and are all operating "without a license."
Unlicensed iQiyi TV, Sohu TV, Youku TV, and pirated TV software are commonplace.
Even without a network TV license, they can still operate for these few years.
But in 2014, a crackdown began!
iQiyi TV, Sohu TV, Youku TV, and other apps without network TV licenses would all be taken offline.
Only licensed entities like Galaxy Qiyiguo, Bestv, and Wasu TV would remain.
By this reckoning, Xingyi Video TV version still has more than two years of survival time.
But it would have to go offline in 2014, and would need to be licensed to operate!
In his previous life, LeTV was hit hard for not having a license, didn't release any new products throughout 2014, and its stock price plummeted.
It wasn't until after long negotiations and obtaining CIBN's license authorization that it ended its "naked run" and began its licensed career.
If Wang Yi wants to make Xingyi TV, he cannot be like LeTV, waiting until he's severely hit to find solutions.
He must plan ahead and choose a reliable OTT TV license holder for cooperation.
However, the seven major license holders have different resources, and their development models and prospects vary greatly.
For example, CNTV Future TV, which belongs to CCTV, has CCTV's latest news, exclusive sports events like the Olympics and World Cup, popular TV dramas aired simultaneously with CCTV, and CCTV programs.
However, the audience for these resources tends to be middle-aged and elderly groups.
Xiaomi TV initially used CNTV's license and content broadcast control.
But CNTV's content was too old, and young people didn't like it.
And most Xiaomi TV users are young people who are unwilling to watch such content.
To change this predicament, Xiaomi had to abandon CNTV, make an 1.8 billion strategic investment in iQiyi, and fully switch to GITV (Galaxy TV).
From then on, Xiaomi TV and Xiaomi Box both had GITV's broadcast control and iQiyi's content, placing them among the top tier.
Tencent also invested in Future TV CNTV in 2012, creating New TV.
Tencent provided content copyrights, while Future TV was responsible for broadcast control and operations, and integrated its own CCTV resources and some Tencent resources.
However, Future TV wanted to control the content and operate independently, which led to an unsuccessful cooperation between the two parties.
In 2015, Tencent invested in New Media (Yunsheting), a subsidiary of Southern Media, another OTT TV license holder.
Both parties jointly launched Yunsheting Penguin, later renamed Yunsheting Aurora, which became Aurora TV.
Tencent provided technical support and content copyrights.
New Media, on the other hand, provided the license and was responsible for broadcast control, operations, and auditing.
Thus, CNTV cannot be considered; it has no future.
However, GITV (Galaxy TV) and Southern Media (Yunsheting) can be considered.
However, Southern Media is in Yue Province, and is probably more inclined to cooperate with its neighbor, Tencent.
However, China National Radio & Television General Station GITV is in Jinmen!
Wang Yi was considering whether to intercept iQiyi, and preemptively establish a joint venture, Xinghe Internet Co., Ltd., with the licensed GITV China National Radio & Television General Station.
When the Xingyi Video TV version gets hit, completely abandon Xingyi TV and launch Xinghe TV, which will then be licensed to operate.
This is entirely feasible.
Compared to Tencent, Wang Yi felt iQiyi would be easier to handle.
It's best to take the easier path; there's no need to create difficulties for oneself when none exist!
Moreover, GITV China National Radio adopts an open cooperation model, unlike CNTV CCTV, which is dominant, and that's a good thing for Wang Yi.
Under this cooperation, GITV would provide the license, Xingyi Video would provide technology and content, and they would jointly invest to establish a new company.
In the future, other TV manufacturers and platforms like Xiaomi, using Xinghe Network TV's license and content broadcast control, would also have to give Wang Yi a share of the membership fees, advertising revenue, and so on!
After all, the content of Xinghe Network TV would be copyrighted by Xingyi Video.
As for Mango TV's deep cooperation with Mango, while its variety shows are unbeatable, other aspects are mediocre, so Wang Yi is not considering it.
As for Wasu, Bestv, and CIBN, the three parties also have their own strengths, and he would consider them later depending on the situation.
For OTT license holders, betting on one reliable one would suffice.
Next, he would first contact GITV.
This type of open OTT license holder is the most friendly to Wang Yi.
He could directly invest in shares and establish a joint venture.
But gaining a controlling stake would be difficult; being the second-largest shareholder would be good enough.
As for asking the authorities to issue an eighth OTT TV license to Xingyi Video, that would be wishful thinking.
However, a payment license could be worth striving for, as it holds greater benefits!
"Enough about this, let's go eat!"
Wang Yi wanted to take Song Sining on a date.
Unexpectedly, Song Sining refused:
"No."
"Huh?"
Wang Yi was a little puzzled:
"Tired?"
Song Sining shook her head, intimately wrapping her arms around Wang Yi's waist:
"For the next 24 hours, I want you to stay right here with me. You're not allowed to go anywhere!"
After all, she would be going back tomorrow, and they might not see each other again until next month.
"Haha, you said it!"
Wang Yi's interest was piqued.
He picked up Song Sining and went to the adjacent bedroom.
Round two!
Although the Xingyi Xphone 1 and X buds were all sold out, products like the Xingyi power bank, selfie stick, selfie light, and tempered screen protectors were still in stock and selling well.
Even though their sales were not as staggering as the Xingyi Xphone 1, with such immense traffic, they still generated one astonishing revenue figure after another.
The next day, early in the morning.
Wang Yi opened the backend data to check the company's performance.
Revenue exploded!
Revenue from apparel, cosmetics, and games was still around 300 million.
But the phone business and accessories business completely blew up!
One million Xingyi Xphone 1 units amounted to 3.899 billion in revenue!
200,000 X buds added another 199.8 million.
Even power banks sold over 160,000 units, with revenue exceeding 30 million.
Selfie sticks and selfie lights each sold over 100,000 units, with their combined revenue also surpassing 10 million.
Other accessories also sold a lot, generating astonishing revenue.
Even charms sold quite a bit, as female users loved these items the most.
However, the best-selling accessories were tempered screen protectors and phone cases.
Phone cases sold over 1.05 million units, with revenue exceeding 70 million.
Tempered screen protectors sold over 1.5 million units, at a unit price of 69 to 99, with revenue surpassing 100 million!
There was no way around it; if people bought a phone costing three or four thousand, how could they not buy a phone case and a tempered screen protector?
Furthermore, the Xingyi Xphone 1 was a new phone, and its corresponding tempered screen protectors and phone cases weren't even available on Taobao, so they could only be purchased from the official platform.
Some people had already bought tempered screen protectors and phone cases in advance, even before their phones were scheduled for shipment.
As a result, Wang Yi made a huge profit.
The only product with mediocre sales was the Type-C wired headphones, with only over five thousand units sold.
Wang Yi looked at the total revenue, his expression complex; happiness had come too suddenly.
"What was yesterday's revenue?"
Song Sining couldn't help but ask, full of curiosity.
Wang Yi didn't answer directly:
"Guess!"
Song Sining thought for a moment:
"The Xingyi Xphone 1 and X buds alone sold for nearly 4.1 billion, plus other items, 4.3 billion?"
"Close enough."
Wang Yi nodded:
"Yesterday's total revenue was over 4.6 billion, and with apparel and other items included, the total revenue exceeded 5 billion!"
"That much!"
Song Sining was startled:
"Did power banks sell out? Those are essential."
Wang Yi waved his hand:
"Over 150,000 power banks were sold, which is very good. But the best-selling items were still tempered screen protectors and phone cases."
"Right, everyone cherishes new phones, and the tempered screen protectors and phone cases for the Xingyi Xphone 1 are temporarily unavailable elsewhere, so they can only be bought officially."
Song Sining nodded, suddenly realizing the reason:
"No wonder you had me acquire accessory factories, it was for this!"
"Indeed, accessories are most profitable right after a new phone is released."
Wang Yi said with a smile.
"This is too profitable, isn't it? Acquiring two large accessory factories only cost 25 million, but a single wave yesterday brought in over 400 million, with a profit of 250 million! A tenfold return."
Song Sining was astonished, now fully understanding Wang Yi's strategy.
Behind every factory Wang Yi asked her to acquire lay terrifying profits!
Such foresight, she couldn't imagine it, nor could anyone else; it was simply astounding!
"So, how are the user numbers for Xingyi Music and Xingyi Video?"
Song Sining asked with some curiosity.
"Xingyi Music's downloads have surpassed five million, and Xingyi Video's downloads have surpassed six million!"
"That many!"
Song Sining was startled, filled with joy:
"Xingyi Video and Xingyi Music have also become instant hits, with users rapidly surging! Now, it's really a success!"
"Indeed!"
This is the benefit of launching, promoting, and selling them bundled with Xingyi phones.
Especially the membership rewards for checking in, which directly attracted a large number of users!
In China, the best promotion is to give things away for free!
At other times, if you wanted to use a video membership, you'd have to ask friends and classmates one by one, how troublesome is that?
Now it's great, Xingyi Video gives out memberships just for checking in, and it's not for a fixed number of days.
One check-in guarantees one day, sometimes two days.
Accumulate seven check-ins, and get three days at once!
Under this temptation, it would be no problem to get two months of membership by checking in for just one month.
Many people set alarms and decided to check in daily to accumulate membership days.
Fearing the activity would end and they wouldn't be able to freeload anymore!
Moreover, not only did they check in to get memberships themselves, but they also called upon friends, classmates, and even parents to check in together!
And seeing so many classic dramas on the Xingyi Video platform, all available for ad-free high-definition viewing after getting the free membership, was simply awesome.
And Xingyi Music's tens of millions of copyrighted songs include not only veteran giants like Zhou, Lin, Wang, Tao, but also the three internet giants!
Similarly, checking in gives memberships, allowing unlimited listening to lossless audio, which is even more awesome.
As a result, the user numbers on both platforms were rapidly surging.
However, some rejoiced while others worried.
Android users were all incredibly excited, checking in daily for memberships and showing off in various ways.
But iPhone and Nokia users were in a tough spot.
Currently, Xingyi Video and Xingyi Music have only launched Android versions, with iOS and Symbian versions still under development…
There was no other way; time was too tight, and Xingyi Technology had to prioritize the Android version first.
This situation directly led many Apple users to become envious.
Nokia users, meanwhile, had complex expressions and were considering switching phones to the Xingyi Xphone 1!
Compared to the Xingyi Xphone 1, their Nokia phones truly had nothing to offer.
"Five to six million users in one day, and that's just the Android side; it's growing really fast."
Song Sining smiled:
"Are there any paid members?"
"A little, but not many. Firstly, with memberships given away for checking in, there's no need to pay. Secondly, they would only subscribe after experiencing the power of Xingyi Video and Xingyi Music and feeling it's truly worth it."
"That makes sense."
Wang Yi then changed the subject:
"However, we can incentivize them to retain these users as much as possible and convert them into our members."
"How do we retain them?"
Song Sining's interest was piqued.
Wang Yi smiled slightly:
"First, clarify that the Android check-in for membership event only lasts one month, and a maximum of two months of membership can be obtained."
"Second, launch a limited-time promotion: this month, activate an annual Xingyi Music membership for 120 yuan and get four months of membership directly, which means only 7.5 yuan per month!"
"Activate an annual Xingyi Video membership this month for 180 yuan and get four months directly, which is equivalent to 11.25 yuan per month!"
Song Sining's eyes lit up:
"This is a good strategy. Those willing to check in daily can check in for one month and get two months of membership. Those who don't want to check in can activate an annual membership and get four months directly, receiving double the check-in membership reward at once. I fear many users who dislike hassle will choose to top up directly."
"Yes, many people won't miss this opportunity for a discount. Xingyi Music's tens of millions of copyrighted songs plus lossless audio quality is the best attraction, capable of drawing some users to subscribe to VIP."
"What attracts users to Xingyi Video, besides its rich collection of classic old dramas, is mainly its exclusive new dramas and self-produced dramas."
Wang Yi explained:
"Tomorrow's premiere of 'Xia Lan' can attract many anime lovers. But it's not enough; we still need to quickly arrange a currently popular drama."
Previously, the early launch of Xingyi Video wasn't considered, which resulted in most of the copyrights Wang Yi acquired being for exclusive dramas that would air after March.
But now that Xingyi Video has launched, upcoming popular dramas must be arranged as soon as possible.
Even if they're not exclusive, but merely distributed, there must be new dramas.
"Contact the distributor of 'Beijing Love Story' to see if we can buy the distribution rights!"
The dramas for December are already set, and it's too late to acquire copyrights, so they can only rely on 'Xia Lan' for now.
However, a drama for January can be acquired.
Wang Yi remembered that two dramas had good ratings in January 2012: 'Gong Suo Zhu Lian' and 'Beijing Love Story'.
The former had a quality of five points, relying entirely on the popularity of the first season, 'Gong'.
The latter had a quality of 7.5 points, making it a hit.
Even several of its theme songs became widely popular.
Especially Wang Feng's 'Beijing, Beijing,' which perfectly captured the bitterness and struggles of those who moved to Beijing for work.
Acquiring this drama would allow Xingyi Video to significantly increase its paid members in January, and people would even be following this drama years later!
"Alright, Chairman, I'll contact them right away."
Song Sining acted quickly, immediately arranging for someone to contact the production company, New Classics Media.
Unfortunately, the outcome was not optimistic.
"They refused?"
Wang Yi was not surprised.
Song Sining nodded:
"New Classics Media said that 'Beijing Love Story' is being prepared to be sold for exclusive broadcast to Tencent, one of their shareholders."
"I see."
Wang Yi immediately opened his computer and searched for relevant information.
It turned out that in October, a shareholder of New Classics Media transferred 3.4% of their shares to Tencent, Wanda, and three celebrities.
Currently, New Classics Media's valuation has reached 2.45 billion, which is considered high.
It's worth noting that in early 2010, Wang Zhanggui bought 48% of New Classics Media's shares for 12.51 million yuan.
Now, in just over a year, the valuation has increased 95 times, which can only be described as insane!
However, after such a terrifying increase, New Classics Media's stock price won't fluctuate much in the next few years.
It's not worth a large-scale investment, but smaller investments can still be considered.
After all, in his previous life, New Classics Media launched a large number of high-quality TV dramas and films, including 'Ren Shi Jian', 'Bai Lu Yuan', 'Fu Mu Ai Qing', 'Zhui Xu', 'La Ma Zheng Zhuan', 'Hu Ba Mao Ma', 'Xia Luo Te Fan Nao', 'Xi Hong Shi Shou Fu', 'Jian Bing Xia', 'Li Huan Ying'...
Currently, New Classics Media's stock price is high, but it also has great prospects.
One could say it's like a chicken rib—tasteless to eat, yet a pity to discard.
Far less appealing than Daylight Entertainment, which he acquired at a low price right at its start.
But for 'Beijing Love Story,' Wang Yi still decided to try and secure it.
After all, Xingyi Video has already launched; they can't go two or three consecutive months without airing any new dramas, can they?
Wouldn't that be awkward?
Considering this, Wang Yi said directly:
"Sining, give me Wang Zhanggui's contact information; I'll handle it."
Wang Yi remembered that Wang Zhanggui's acquisition of 48% of New Classics Media's shares had some pricing issues, leading to repeated failed attempts at going public.
It wasn't until 2013 that Wang Zhanggui sold all his shares to Enlight Media for a valuation of 3 billion, committing the major IPO taboo of horizontal competition.
As a competitor to New Classics Media and a listed company, Enlight Media becoming the second-largest shareholder of New Classics Media made it hard not to suspect potential issues…
It wasn't until 2018 when China Literature, a subsidiary of Tencent, made a move, acquiring New Classics Media for a full 15.5 billion valuation, ushering in a new era.
However, now Wang Yi could make a small investment in advance, not too much; investing one or two hundred million to become a shareholder would be enough.
This way, if New Classics Media had good works later, Xingyi Video could invest and secure the copyrights in advance.
As for controlling and acquiring New Classics Media, he would leave that to Tencent.
Wang Yi had Daylight Entertainment and Xingyi Media; that was enough.
Getting the phone number, Wang Yi directly called the other party:
"Hello, Wang Zhanggui, I'm Wang Yi from Xingyi Technology."
"Chairman Wang!"
Wang Zhanggui was quite surprised and said with a smile:
"Chairman Wang's Xingyi phone is a big seller; that's truly impressive, I admire you."
"Wang Zhanggui's New Classics Media is releasing two dramas at the beginning of next year, which is also impressive. I wonder if there's an opportunity for cooperation."
"Yes, if Chairman Wang asks, there must be!"
Wang Zhanggui said with a smile:
"However, Tencent is also one of our shareholders and is interested in acquiring the exclusive broadcasting rights, so I…"
Wang Yi didn't care at all:
"New Classics Media is good. I wonder if Wang Zhanggui would be willing to have another shareholder?"
"Chairman Wang, you want to invest in New Classics Media?"
Wang Zhanggui was excited.
"Yes, I just don't know if Wang Zhanggui is willing to part with some shares!"
"Chairman Wang, how much do you want?"
Wang Zhanggui was full of anticipation.
A valuation of 2.45 billion was already very high; it wouldn't increase much in the short term, and she was eager to cash out and exit!
As for going public, it was too difficult.
"200 million, for an eight percent stake."
Wang Yi said.
Since the Xingyi phone went on sale, the funds in the account had increased by over 5 billion in one day, so there was no shortage of money.
For a high-quality enterprise like New Classics Media, investing 200 million to become one of the top five major shareholders was absolutely worth it.
Just the high-quality dramas intercepted later would make it worthwhile.
"Alright!"
Wang Zhanggui decisively agreed.
A valuation of 2.5 billion, slightly higher than the previous 2.45 billion.
Even if Wang Yi asked for more, she would be willing.
Cashing out at a high price was exactly what she wanted.
"Then the copyright for 'Beijing Love Story'…"
Wang Yi said, leaving the sentence unfinished.
This was what he truly valued!
"At the beginning of the year, we have two dramas, 'Beijing Love Story' and 'Xuan Ya'. If Chairman Wang likes it, then the copyright for 'Beijing Love Story' will go to Xingyi Video. As for 'Xuan Ya', it will go to Tencent."
Wang Zhanggui said decisively.
Tencent currently held only a little over 1% of the shares, while Wang Yi, once invested, would hold 8%, making him one of the top major shareholders.
"Good."
Wang Yi agreed.
Admittedly, 'Xuan Ya' was also good, but for young people, 'Beijing Love Story' was still more appealing.
And Xingyi Video's audience was still predominantly young people.
These days, most people who like spy dramas watch TV.
"What about the price…"
Wang Yi asked.
Wang Zhanggui sighed:
"To be honest, this drama was directed and performed by a new director, and outsiders aren't optimistic about it. Only two satellite TV stations bought it for the first run, and the price wasn't high. No satellite TV stations bought it for the second run either. The exclusive online broadcasting rights also won't sell for a high price.
Since Chairman Wang is also investing in New Classics Media, how about 20 million for six years of exclusive online broadcasting rights!"
"How about 40 million, buying out all copyrights for 'Beijing Love Story,' including second-run satellite TV rights!"
Wang Yi said with a smile.
"Alright, let's sign the contract. This won't be a problem, and the other major shareholders won't object!"
Wang Zhanggui was very surprised; she couldn't have imagined that a drama directed and performed by a new director could sell for such a high price!
There was no way around it; 'Beiai,' with its new director and new actors, was not optimistic before it aired.
But after it aired, the ratings exploded, and its subsequent impact was even greater!
Buying out all copyrights for 40 million would be recouped just by selling the second-run broadcasting rights to satellite TV stations!
With Xingyi Video's exclusive broadcast, the subsequent new member revenue and advertising revenue would be immeasurable.
In short, Xingyi Video's first hit drama would depend on 'Beiai'!
(End of Chapter)