dognovel Chapter 181 Daughter Wu Jiajia
Chapter 181 Daughter Wu Jiajia
Wu Tao now owns 10% of Toutiao's original shares, while Black Angel Investment Company owns 40%.
Toutiao is doing quite well now and no longer needs further financing. This IPO is also to allow the original shareholders to cash out some of their shares as soon as possible.
Wu Tao sold another 5% of his shares before Toutiao's IPO. Black Angel Investment also sold 20%, meaning that a total of 25% of the shares were sold to several institutions.
Today's Headlines is valued at six billion US dollars, or sixty US dollars per share, for a total of one hundred million shares.
Five percent equals five million shares, and Wu Tao received three hundred million US dollars in cash.
Wu Tao immediately invested 300 million US dollars in the newly established Douyin company.
Black Angel Investment Company sold 20% of its original shares and received $1.2 billion.
Black Angels Investment Company originally had over a billion US dollars on its books, of which 350 million US dollars were used by President Julie for short-term investments.
One billion US dollars were invested in various long-term stocks. This time, of the 1.2 billion US dollars, 200 million US dollars were also invested in TikTok.
Another billion dollars was invested by President Julie in long-term stocks, bringing Black Angel Investment Company's cash balance to over three billion US dollars.
Of the 2 billion yuan invested in long-term investments, 200 million yuan was invested in Douyin (TikTok), and 350 million yuan was used for short-term trading, which has now doubled.
Black Angel Investment Company was Wu Tao's backup plan, and the newly established Douyin now has more than a thousand employees.
Wu Tao's business is no longer as small-scale as it was when he first created Toutiao.
With a $500 million investment, TikTok could quickly become an internet unicorn.
This time, Wu Tao invested 300 million US dollars to acquire 80% of the shares, while Black Angel Investment Company invested 200 million US dollars to acquire 20% of the shares.
To put it bluntly, Wu Tao deliberately made this public so that as Douyin develops, it will certainly attract many big players who covet it.
Wu Tao welcomes everyone to work together to grow the business, but the benefits that everyone deserves must be earned.
Wu Tao is not attached to how many shares he owns, nor is he greedy enough to try and earn the last penny.
If it weren't for the critical period of Toutiao's IPO, Wu Tao would have wanted to completely leave the management of Toutiao.
Wu Tao's focus is now entirely on the Douyin project, and he has handed over many things at Toutiao to professional managers.
Toutiao's global workforce has exceeded 5,000, and all departments are well-established.
Even if Wu Tao doesn't pay much attention to specific tasks now, he can still do a pretty good job in his work.
Today's Headlines is now valued at over 10 billion US dollars, and every new employee feels a sense of pride. For them, joining such a behemoth company is definitely the most outstanding part of their resume.
Wu Tao is now just waiting for Toutiao to go public and ring the bell. After that, how far things go depends on how hard his subordinates work.
Wu Tao initially created Toutiao (Today's Headlines) to promote Douyin (TikTok). To put it bluntly, he first created the vinegar for a meal of dumplings.
Everyone else thought Wu Tao would definitely value Toutiao, but little did they know that his mind had already shifted to the newly established Douyin project.
The Douyin project team was established independently, and many of its key members were drawn from ByteDance (parent company of TikTok). After receiving the notification from headquarters, these key members began to communicate with each other privately.
Knowing that they were going to join the boss's most important new project, naturally no one would refuse.
The Douyin project team and Toutiao are not in the same office building, but in another district of Beijing, where they have rented several floors.
Several hundred employees were directly recruited, and Douyin International Edition branches were simultaneously established in the global regions covered by Toutiao.
Wu Tao has invested 500 million US dollars this time, and he has no intention of playing it small; he is going all out.
By leveraging Toutiao to drive traffic, Douyin version 1.0 can be quickly promoted to a billion users worldwide.
Wu Tao knew that Toutiao's future value would be at most tens of billions of US dollars, while Douyin's market value could reach hundreds of billions of US dollars.
At the same time, Douyin can exist for a long time, which is why Wu Tao decisively gave up on Toutiao.
Conversely, despite its current high valuation, it's hard to say whether Toutiao can stabilize its stock price in the future.
Wu Tao prepared the Douyin project team in advance to prevent his career from suffering a major setback.
Wu Tao should have plenty of assets now, but as a man, he naturally understands that sometimes money alone is not enough.
Building Toutiao and Douyin is the foundation of his business. This gives him not only money but also social status.
On the internet, Wu Tao has become a new generation of bigwigs.
In just over two years, Wu Tao has achieved what he has today. This has naturally ignited hope in countless young people, proving that it is indeed possible for an ordinary person to rise above their circumstances.
Wu Tao is the real-life embodiment of the Chinese Dream, and his experiences have been studied by many. Wu Tao himself, however, thinks that those accounts are too far-fetched. He believes that if he hadn't sold the gold in his personal space, there wouldn't have been a Black Angel Investment Company.
The public believed that Wu Tao gained the appreciation of Julie, the president of Black Angel Investment Company, through his creativity, which led to the current valuation of 10 billion US dollars for Toutiao.
In reality, it's not that simple. Wu Tao is an orphan with no power or influence. No matter how good his ideas are, he won't have that kind of opportunity.
What the outside world perceives as the truth is actually just what is presented to them through packaging.
Wu Tao's career is thriving, and he also lives a very comfortable life.
Since Wu Tao's time travel, he has had four women: Zhang Luoyu, Sun Leke, Liu Jinshi, and his ex-wife Liu Ruyan.
Liu Ruyan, Wu Tao's ex-wife of three years, never had a child with him; instead, Zhang Luoyu had a child with him first.
Zhang Luoyu is now a qualified mother; she gave birth to a daughter for Wu Tao.
Wu Tao's daughter, Wu Jiajia, is almost a year old now, and he often takes time to visit Zhang Luoyu to comfort her.
The fact that the other party was willing to have his children, coupled with their financial support for the original owner, made Wu Tao feel a different way when facing Zhang Luoyu.
Zhang Luoyu didn't care that she was over forty years old. For love, she gave birth to a daughter for Wu Tao.
Having a daughter gave Wu Tao a sense of belonging in this world, which also helped him integrate into it more effectively.
Wu Tao adores his cute daughter, and whenever he has free time, he visits Zhang Luoyu and their daughter, Wu Jiajia.
Zhang Luoyu did not choose to move into Longteng Manor, but instead continued to live in her own villa.
Liu Jinshi is currently living in Longteng Manor, and Liu Ruyan has also moved in. Liu Jinshi definitely doesn't want her sister to move in, but the relationship between the three of them is rather complicated now.
Wu Tao pretended to be stupid again, so Liu Jinshi could only acquiesce to Liu Ruyan's behavior.
Liu Ruyan was overjoyed after moving into Longteng Manor. It was a world of difference compared to her old three-bedroom apartment.
Liu Ruyan longed to be the mistress of this house again, instead of what she was like now.