Chen Yiyang and Wen Liangfeng ultimately decided to push DeepSeek's IPO after Michael finishes his deal in the AI industry.
This is the most prudent approach.
After all, going public is a long process, and if everything happens to wrap up right as the AI industry faces a downturn,
DeepSeek might directly stumble due to low stock prices.
So, it's better to wait and see. With Chen Yiyang's financial backing, DeepSeek isn't particularly short on cash.
"By the way, I'm planning to head to the Imperial Capital the day after tomorrow, do you want to join?"
Inside the villa, Chen Yiyang casually asked the junior accountant while flipping through Bilibili's Q3 financial report for this year.
"Why go to the Imperial Capital?" the junior accountant inquired.
"Next year's tax policy for new energy vehicles will change from a full waiver to a half reduction.
Some CEOs in the new energy vehicle industry plan to convene in the Imperial Capital to discuss strategies, so I need to make a trip," Chen Yiyang replied.
The greatest policy benefit for this industry since the arrival of new energy vehicles has been the full waiver of purchase taxes.
The policy's original intent was to support emerging new energy vehicle companies from being crushed by traditional gas-powered car companies.
However, no one, including the new energy forces themselves, anticipated such rapid development in the industry.
A few years ago, people clamored that domestic new energy vehicle companies were just swindling subsidies, and hoped Tesla could shake things up.
But by this July, sales of new energy vehicles had surpassed those of gas-powered cars.
Moreover, many traditional gas-powered car companies were forced to start transitioning towards the new energy sector.
This year, the Shanghai Auto Show featured 1,300 vehicles, over seventy percent of which were new energy vehicles.
Under these circumstances, continuing to reduce purchase taxes on new energy vehicles seems unreasonable.
So, next year, the purchase tax for new energy vehicles will be halved.
Honestly, Chen Yiyang thinks if the authorities weren't worried about the impacts of a rapid policy shift, the purchase tax on new energy vehicles would be fully collected.
"Sounds boring, so I'm not going." The junior accountant lazily flipped over, turning his back to Chen Yiyang.
This made Chen Yiyang's hands itch, and he went over and gave him two pats, prompting the junior accountant to quickly roll over and snuggle into Chen Yiyang's arms, looking up at him sweetly.
"The Imperial Capital isn't very fun." The junior accountant said, "And there's not much good food. But in winter, how about we go to the Northeast to see ice sculptures?
"Sure," Chen Yiyang nodded.
"By the way." The junior accountant glanced at the Bilibili Q3 financial report in Chen Yiyang's hand, "How did Bilibili perform this quarter?"
"The situation is great." Speaking of this, Chen Yiyang's face was full of joy.
The main purpose of acquiring Bilibili was to create his media traffic matrix.
Chen Yiyang had no expectations of Bilibili making profits.
After all, before he acquired Bilibili, there were several consecutive loss-making quarters, and Bilibili's reputation had been tarnished by a series of dubious operations.
All Chen Yiyang initially hoped for Bilibili was to sustain itself.
But the Q3 financial report came in, even he was surprised.
Bilibili's net profit for this quarter reached around 1.2 billion.
Keep in mind, Bilibili has only had positive net profits three times since going public, and those were achieved using accounting tricks to show two or three billion.
This quarter, net profit suddenly increased to 1.2 billion.
If this figure can be maintained for a few quarters, the overall return on Chen Yiyang's acquisition of Bilibili could multiply several times.
"Why did it increase so much?" The junior accountant was also somewhat stunned.
"Bilibili's foundation is still solid." Chen Yiyang pointed to the average user duration and the number of paying users in the financial report to the junior accountant, "These key metrics have been consistently growing.
Actually, after I took over Bilibili, I didn't have specific demands for these metrics, and Bilibili didn't take extra steps to boost them either.
It's clear that Bilibili's insistence on not forcibly increasing ad placements has maintained its user engagement.
As for why it's suddenly profitable. It's because Bilibili's profit model is sound, the past losses were solely due to corruption.
They set up numerous useless departments, hired a lot of useless people, and burned money aimlessly everywhere.
After buying Bilibili, I drastically downsized it from beginning to end.
Bilibili is half as lean as before, and the corruption issues were solved directly by staff reductions.
This shows that as long as Bilibili doesn't misallocate projects and just stays true to being a video platform, it can maintain profitability and secure its market position in the future."
Though Chen Yiyang didn't have high expectations for Bilibili and was merely pleased with its unexpected profitability,
Bilibili's financial report caused quite a stir in business circles.
Previously, the community clearly didn't have confidence in Bilibili.
Many believed that Bilibili would eventually become like another site, relying on cutting costs and boosting efficiency to barely survive due to its persistent reluctance to increase ad placement.
In reality, although the other site is just a text platform, its advertising experience pales in comparison to Bilibili.
After all, Bilibili doesn't bombard you with a paid premium article after watching a few videos like that site does, forcing you to buy a membership.
