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Chapter 558 $60 Billion Valuation

Wang Ye then realized why Meimei asked that? It turned out that it was because of the Bitcoins.

He smiled and said, "Don't think too much. We bought those bitcoins when we first met. Now the price has risen, so I just thought about selling them. That money is useless to me, but it makes more sense to give it to you."

Meimei understood Wang Ye's words, because the two bought those Bitcoins when they were still living together, so Wang Ye was thinking about giving them to himself now.

It turned out that I was not going to break up with me, but because I was too concerned, her face turned red.

He stammered, "Oh...so, then I'll know."

However, since we talked about this issue today, Wang Ye also took this opportunity to confess to Meimei.

"Maybe...I'm going to get married next year..."

After hearing this, Meimei was silent for a moment, then Zhan Yan smiled: "It must be with Isabella. She graduated from college next year and her age is suitable. Congratulations."

Wang Ye sighed and said, "Do you... have any plans in the future?"

"Me? I'm pretty good. I'm busy with work every day. After I go back, I cook, exercise my body, and take Maomao out for a walk."

She deliberately avoided the relationship and only talked about life.

Wang Ye didn't know how to continue, so he could only remain silent.

In his life, he has done a lot of things, helped many people, and made a lot of money.

However, it has failed many girls, hurt many people, and left many regrets.

But what can he do? No matter how rich or high his status is, he cannot do whatever he wants, and it is impossible to do everything in everything.

...

As time goes by November, Meimi's Bitcoin has been cashed out. Meimi asked Susan to directly deposit the money into Citibank in Xiangjiang.

If she transferred to China, the procedures would be too troublesome, and she would not have much money to spend. Moreover, when Meimei worked in Xiangjiang, she had already obtained the household registration in Xiangjiang, and now she is a native of Xiangjiang.

Wang Ye's old classmate, Ajie, also cashed out all the Bitcoins in hand, got a small amount of $2 million, and started his own game company.

Life is getting better for the people around you.

This month, a big event happened in Pengcheng, of course, only for the e-sports circle.

That is, the third League of Legends, the Global Finals, will be held in Pengcheng!

At the opening ceremony, Wang Ye also attended the scene as a special guest and delivered an important speech.

...

Good morning everyone!

Today is a special day in the development of e-sports in China. Under the correct guidance of the Ministry of Information Industry, the Ministry of Culture, the General Administration of Press and Publication, Pengcheng Government and other relevant ministries and commissions, with the strong support of major communication operators, and with the careful preparation of Huya Technology and other units, the third League of Legends Global Finals officially kicked off here! On behalf of Huya Technology, one of the organizers, I would like to extend a warm welcome to all the leaders, experts, and friends from the industry and the press. I am very happy to witness this historical moment of special significance with you.

Since its establishment in 2011, the League of Legends Global Finals has received wide recognition and praise from insiders and outsiders, and has also received warm welcome and support from gamers. It has become the largest and most powerful e-sports event in the world.

The League of Legends Global Finals has been committed to building a mature digital entertainment industry platform for three years, which has played a positive role in promoting the development of e-sports in China. This e-sports conference will continue to adhere to the e-sports concept of "green games, healthy life" and promote the e-sports in China to move towards a higher level.

With the development of social and economic conditions and the improvement of people's living standards, information technology is becoming increasingly popular and applied. Today, digital entertainment such as online audio-visual and online games have been integrated into people's daily lives.

More importantly, they are changing people's lifestyles. Therefore, in this sense, e-sports is not just a simple transformation of traditional entertainment forms, but more importantly, it reflects the concept of entertainment in the information age and the profound revolution in entertainment content: e-sports has enabled entertainment to break through the constraints of region and time, and people can communicate and confront friends anywhere in the world anytime, anywhere; e-sports has colorful competitive projects that adapt to all levels, which can create the widest opportunities for entertainment and communication for the broadest masses.

According to the latest survey report, the number of Internet users in China exceeded 500 million in 2013; in 2013, there were 260 million online game users in China, of which nearly 100 million were players in League of Legends alone; in 2013, the online game market revenue was 161.32 billion yuan, and the direct contribution to communications business revenue was 68.71 billion yuan.

From these figures, it can be seen that China E-sports has huge market potential, which means a huge opportunity for the entire industrial chain - from government departments, industry associations, operating companies, game companies and other related industries.

The significance of the League of Legends Finals is that it can provide them with such a platform for open interaction, exploration and communication, and win-win cooperation.

E-sports is a concrete manifestation of industrial prosperity. The development of the e-sports industry will promote the rapid development of the entire game industry.

In South Korea, there are 258 game companies and operating companies in China, 1,850 game companies and Internet cafes, and the annual output value of e-sports is equivalent to 100 billion yuan, and has driven the development of various fields such as data network infrastructure construction, network equipment, and IT equipment.

I believe that with the joint efforts of the government, industry associations and operating companies, China's e-sports industry will surely build a larger development platform for the entire industrial chain while growing and developing. We hope to use e-sports as the entry point to promote network applications and thus drive the development of the entire industry.

As a company in the Internet field in China, one of Huya Technology's missions is to improve the level of Internet application, popularize Internet knowledge, actively participate in cooperation and exchanges in the Internet field, and promote the healthy development of the Internet industry, including the online game industry.

We hope to provide more cooperation and display opportunities for all parties in the game industry chain through the platform built by the League of Legends Global Finals, provide more comprehensive services for Internet users, and bring a more relaxed and pleasant experience to the majority of online games and e-sports users.

Finally, I wish the third League of Legends Global Finals a complete success!

Thank you everyone!

...

Wang Ye's speech was also reproduced by major news media, especially the news media in Pengcheng. Wang Ye's speech was played throughout the news that night.

The news host said that Pengcheng is a modern city and a technological city. Here, there are major technology companies, a good e-sports atmosphere, and several large e-sports clubs in China.

Pengcheng, will build an e-sports city!

This is one of the new labels that the city government has put on Pengcheng, and it is also very suitable for Pengcheng City.

Pengcheng is a young city, where young people occupy the vast majority. In the streets and alleys, they basically see young people in their twenties and thirties. Compared with the other major cities, the number of elderly people accounts for a much smaller proportion.

Therefore, e-sports is very suitable for rooting and sprouting here, and has a good growth soil.

...

After more than half a month of fierce battle, the UU team sponsored by Youpin Company and the HD team sponsored by Evergrande Group competed in the final Bo7 finals.

The top four were all won by the Chinese team.

Among the top eight quarters, the Chinese team also occupies seven, which is a final that is dominated by the Chinese team.

In fact, this is something many people expect. In comparison, the professional circle of the League of Legends in China, due to the entry of large capital and large companies, major clubs have invested greatly. Basically, if you want to play with teams in the Super League next year, investing more than 100 million yuan is just a basic threshold.

With such a large investment, it will naturally attract the world's top professional players to play.

Because only here can you get the top salary, enjoy the most attention, and win the most honors.

Being a professional player, these are the things you want...

In the end, after seven hard games, the hd team narrowly won the championship of the third League of Legends finals and took away a prize of 10 million US dollars!

The competition has been widely reported around the world, with five players sharing 10 million US dollars equally, which is a huge asset for those esports players who have been suffering in the past.

From then on, I don’t know how many teenagers have been involved in the embrace of League of Legends, practicing their skills hard, and dreaming that one day they can win the S competition and get rich overnight.

Wang Ye didn't care about missing the championship. As long as the championship trophy is stayed in China, no matter which team wins the championship, he can actually accept it.

Because this is a victory for gamers across the country, and it is also a victory for the League of Legends game.

After s3 ended, the game League of Legends became popular around the world and became a phenomenal game.

If there are players, it is definitely the largest number, no one.

Taking advantage of this momentum, Huya Technology began to promote the company's listing.

Huya Technology Company is also a beneficiary of the impact of s3 and is the biggest beneficiary.

Because this company has a controlling stake in Riot Technology and belongs to Riot's parent company.

Moreover, on the Huya Live Platform, all League of Legends anchors gather here, so if game enthusiasts want to watch League of Legends live broadcast, they can only come to this platform.

In China, the number of League of Legends players has exceeded 200 million, and the number of registered users on the Huya Live Platform has exceeded 200 million, with the number of daily active users reaching more than 30 million.

This live broadcast platform has only been in public for more than half a year, but it has reached a height that many live broadcast platforms are difficult to reach.

The game traffic and show monetization model were also faithfully and effectively implemented by Huarou and a group of executives. The monthly turnover of Huya Live Platform also exceeded 2 billion, the company's monthly revenue reached 1 billion, and its net profit was more than 50%.

This data has long met the requirements for listing in the Nasdaq securities market in the United States.

Such a high-quality company cannot be rejected.

This time, Citibank is still the lead underwriter, responsible for the listing of Huya Technology.

Regarding the valuation of Huya Technology, everyone agreed that it cannot be less than US$60 billion!

Among them, Riot Company's valuation alone gave a high price of 20 billion US dollars!

There is nothing strange about it. Although Riot has only one game so far, this game has more than 500 million loyal players around the world.

Moreover, with the widespread influence of the global finals, this game has just started, and its lifespan is still very long...

How many years will the League of Legends game become popular?

No one can give an answer to this question, but Wang Ye knows that even five years later, this game is still the most influential game in the field of e-sports.

By then, the players of this game were still in billions!

Now under his own operation, Wang Ye believes that League of Legends will definitely be more popular and have a longer lifespan than he did when he was dreaming.

...

Tencent's headquarters was also holding an executive meeting at this time, and the topic of discussion was Huya Technology Company and the League of Legends game.

"Everyone, everyone has seen the popularity of the S3 finals. Everyone knows the valuation given by professional companies to Huya Technology. On Huya Technology, the company accounts for 25% of the shares. After Huya Technology goes public, this is also a huge fortune."

Brother Ma said with a smile that his investment in Huya Technology is currently the most successful investment in Tencent's history.

Although Tencent mainly makes instant network communication software, its tentacles have penetrated into various fields on the Internet in recent years and have invested in many emerging network technology companies.

At the beginning, I only invested 5 billion yuan and contributed a game operation team, and got 25% of the shares.

Now, these shares are worth at least $15 billion!

It can be said that in just half a year, the return of this investment has reached nearly twenty times!

However, during this meeting, Brother Ma was not showing off his investment vision. He was considering the issue of Tencent's transformation, Huya Technology and the League of Legends game.

Money doesn’t matter, but company transformation is a major issue that determines the company’s survival in the next ten or even twenty years!

Tencent Technology has gone from the earliest one to only make QQ software to now operate QQ, WeChat, and various messy things attached to the two core products.

QQ and WeChat are the lifeblood of the company and the core products, but these two products are not used to make profits.

If a company wants to make money, it must reasonably monetize the huge traffic brought by these two core products.

So Tencent chose the game.

However, now Brother Ma has greater ambitions. He not only wants to do game projects, but also wants to build an entertainment empire!
Chapter completed!
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