Shockingly, a counterfeit factory has produced a 3-nanometer chip.

Chapter 99: Drawing a Line with 3 Million Dollars

The meeting room was silent for a few seconds. Shen Fei picked up his teacup, but didn't drink it. He looked at the teacup for a while, and then he chuckled.

"Mr. Ma, Transsion has a high market share in Africa and its profits are considerable, so it's not short of money at all."

Moreover, you may not be able to afford that valuation.

"I know what President Shen is saying." Penguin Ma spoke slowly, each word as if he had thought it through. "Only companies that are not short of money are worth investing in."

And how do you know I can't afford to pay...?

He put down his teacup and looked directly at Shen Fei for the first time...

That makes sense, though. Transsion is just a shell company anyway. All the research institutions, despite being called Transsion, are actually affiliated with Huaxin Investment...

If the price is right, he could invest if he wanted... but before Shen Fei could finish his thought, Penguin Ma spoke up:

"And I'm not here today to deliver a message."

Shen Fei looked up at him, somewhat surprised. What was he up to...?

However, Tencent did indeed develop mobile phones in later generations, and they were gaming phones that focused on esports.

Yes, a gaming phone!

But for current mobile games... it seems unnecessary.

However, they could have PopCap Games develop Honor of Kings ahead of time. Shenfei wouldn't leave this cash cow game to Tencent for nothing.

Now that they have their own game company, they should aim to take the biggest slice of the pie.

Seeing that Shen Fei showed no interest, Penguin Ma stopped pretending and directly stated its purpose: "We want to exchange guards with your company."

"Social interaction is our penguin's domain." Penguin Ma said this with great confidence. There have been challengers in the past, but they have all been defeated by Penguin.

"Over the past 10 years, some people entered the market through gaming, some through e-commerce, and some through search, but they all eventually withdrew. It's not a matter of ability, it's a matter of genetics."

He made a gesture, loosely clenching his fist with all five fingers, indicating that Tencent dominates the instant messaging market in China.

"But the boundaries are blurring. Transsion is making mobile phones, and it's also making operating systems."

But as they went along, they expanded into payments, and beyond payments, they started doing local services. Although you didn't actively enter the market, those companies were all backed by your capital.

Shen Fei did not deny it, which made Penguin Ma completely understand.

"So..." He loosened his grip, his tone softening considerably, "Instead of waiting for the day the border is breached and we turn against each other, why don't we draw a line first?"

Shen Fei became interested at this moment and put down his teacup: "How do you draw it?"

"We agree to your previous game revenue sharing plan. However, when new games or software are launched, Transsion should give us top-tier exposure."

At the same time, our QQ will be pre-installed exclusively for three years. We will not pre-install any other social media software, except for other projects of our company in the future…”

Penguin Ma didn't make this statement too definitively. QQ's functions have become increasingly complex, but the number of users hasn't increased. In fact, user online time has declined somewhat.

Some within the company also suggested starting from scratch, creating another social networking app to compete with QQ, and having an internal competition among themselves...

However, considering stability, the idea was rejected by the project team.

At this moment, Penguin Horse's assistant handed over another document.

Tencent has made a strategic investment in Huayin Games, investing $300 million for a 33% stake, valuing the company at $1 billion. Huayin Games will also be responsible for all of Transsion's software business, including the import of games such as Fruit Ninja, Plants vs. Zombies, and others.

Penguin appoints directors who are not involved in day-to-day operations...

Shen Fei opened the document; the first page contained the valuation terms. He even gave them face and smiled.

The second page contained a performance-based agreement, requiring the game to generate 20 billion Chinese yuan in revenue within three years. His expression immediately turned serious...

The third page wasn't as outrageous as the revenue-sharing agreement on the second page, but it contained a handwritten supplementary clause, the handwriting of which looked like Tencent's: "Huaxin-affiliated social software is prohibited from entering the Chinese market."

Shen Fei was completely amused.

"This is the bottom line." Penguin Horse didn't seem to think there was anything wrong with what he said. "Africa, Southeast Asia, Latin America, even Europe, do whatever you want with them."

In China, we'll use QQ.

Shen Fei stared at the words and remained silent for a long time.

Challengers to social media platforms are indeed coming one after another.

For example, MiTalk, founded by Lei Jun, was shut down by Lei Jun after WeChat users surpassed 100 million in 2012; Laiwang transformed in 2014; and in 2019, Toilet MT, Duoshan, and Chatbao emerged, a veritable three-way battle against Lu Bu. All three failed within three months.

No one can beat Tencent in the social networking arena; they have even captured half of the gaming market with their two powerful tools, QQ and WeChat.

It's fair to say that no one has beaten Tencent in social networking and gaming. It's not that the products are inferior; it's that once the network effect is established, the cost of user migration becomes prohibitively high.

But WeChat hasn't been released yet, so there's still a chance.

Seeing this outrageous document, Shen Fei was considering whether to have Huayin Games directly link WeChat to them and those two games!

No, there should be three...

A while ago, Huang Tianya went to Finland and acquired a hapless company called Rovio Entertainment.

The unlucky guy wasn't complaining about them, but rather that the company was genuinely unlucky. They had already developed 51 games, but all of them received lukewarm responses and had almost no users.

Moreover, the company had almost run out of funds when developing this game, so when faced with Huang Tianya's offer to acquire it for $500 million, the founder readily agreed.

And I was very happy to choose to go on a trip, while also wishing Huang Tianya: Thank you for the money, I hope I can take away the company's bad luck.

But what he didn't know was the upheaval this game, codenamed 52 and named Angry Birds, would unleash...

Just then, Penguin Ma thought Shen Fei was seriously considering it: "How about it, President Shen? For an agency, we're giving it a valuation of 20 billion US dollars, which is 120 billion Chinese yuan. Is that enough?"

"You know, even if we copied two or bought distribution rights from the US and South Korea, it wouldn't cost this much."

"Mr. Ma is joking. You should know that this price is not for the distribution rights of those two games."

"Only three hundred million US dollars? You want to buy my participation?" Shen Fei slammed the document shut and threw it in front of him. "Mr. Ma, that's a rather stingy price. Is this all the generosity the world's third-largest internet company has?"

Penguin Horse showed no sign of anger, and even straightened the documents that Shen Fei threw at it.

At this moment, as the head of the world's third-largest internet company, Penguin Ma has ample confidence.

"You can name your price. Every product has value, let alone a promise."