My capital is quite large.

Chapter 287 Don't say things that are detrimental to unity.

three days later.

Several official announcements, made without warning, ignited the entire Chinese e-sports community and the internet.

The first announcement comes from the LPL official website:

[Following amicable negotiations, former OMG eSports player WuZi has transferred to Royal Never Give Up (RNG) eSports Club. The top ADC in the Chinese server is back!]

The second announcement comes from Haofeng Games, which has just launched in Nanjing:

[Haofeng Games has reached a deep strategic broadcasting partnership with the live streaming platform Douyu! Starting today, Douyu will obtain online broadcasting authorization for all official professional leagues of "League of Legends" and "Honor of Kings," allowing players to log in and watch the matches with one click!]

The two announcements caused a huge uproar on various online forums, social media platforms, and Weibo.

"Holy crap! Stain really went back to the royal family?! OMG, they actually let him go?!"

"Douyu has also acquired the broadcasting rights for League of Legends?! This ends the suspense of the 'thousand-streamer war'! Douyu has really latched onto Haofeng's coattails!"

However, behind this nationwide frenzy, the owners of major esports clubs were secretly sweating bullets.

Deep within online forums and message boards, several well-known experts and insiders quietly revealed the truth behind this amicable negotiation.

[Expert #1: Stop with the friendly negotiations! OMG was just treating Wuzi like a cash cow from the start, stubbornly refusing to release him from the contract! They demanded a staggering 50 million in release clauses from other clubs wanting to buy him!]

[Netizen A: Fifty million?! Is this robbery?! These days, professional players aren't worth that much! Then why were they suddenly released?]

[Expert #2: That must be because Haofeng has stepped down. It's said the league issued an ultimatum to OMG, and QG, who originally planned to spend 50 million to buy players, was also stopped by the new rule prohibiting exorbitant breach of contract fees and requiring contracts to undergo league review and filing.]

[Expert #1: Newbee is seriously loaded, willing to pay 50 million. Let alone domestic teams, which team globally dares to go against Haofeng? With the new regulations in place, OMG will have no choice but to release him.]

After the potential insider information about capital was exposed, netizens not only did not feel disgusted, but instead applauded it.

"Well done! The esports industry should have been cleaned up a long time ago! Those clubs with their restrictive contracts are disgusting. I support Boss Li cleaning house!"

"Banning exorbitant penalty fees and mandating alliance review—these are excellent rules! Haofeng truly deserves its reputation as a conscience of the industry!"

……

Unlike the tense atmosphere in the game department where everyone felt insecure.

Today, Haofeng Film and Television Department, and even the entire entertainment sector, is riding high and has ushered in an era of making money!

End of the year.

Haofeng Group's two major traffic portals, iQiyi and Bilibili, have successfully completed their independent listings on the Hong Kong Stock Exchange's main board!

In the restructuring structure of these two listed secondary companies, Haofeng has a stable shareholding structure and extremely high control:

Haofeng Film & Television, a wholly-owned subsidiary of Haofeng Group, holds a 60% controlling stake in each of the two listed companies.

The provincial government, as always, holds a 20% stake.

The remaining 20% ​​of publicly traded shares were put on the Hong Kong stock market for investors and investment banks to compete for.

"Layer by layer, physical isolation."

Looking at the newly reorganized map of the Haofeng Empire on the big screen, a hint of pride flashed in Li Feng's eyes.

Today it is today.

Haofeng Group, the parent company wholly owned by Li Feng, has only four wholly owned subsidiaries: Haofeng Games, Haofeng Film & Television, and the currently less prominent Pop Mart and ByteDance.

Companies like Haofeng Weibo, Xiaomi, and Huaxin are partially controlled by the group, but maintain absolute control through an AB share structure and a veto right.

As for the third- and fourth-tier subsidiaries, they are countless.

Xiaomi's subsidiaries include ATL, Transsion, and Xiaomi Electronics.

Haofeng Animation, a subsidiary of Haofeng Film & Television, and Xuanji Technology, a subsidiary of the animation subsidiary...

Unbeknownst to many, Haofeng has grown from a casual mobile game-starting internet tycoon into a behemoth that spans the pan-entertainment industry and physical industrial manufacturing, directly and indirectly controlling hundreds of subsidiaries!

……

Although the initial valuations of the two platforms could not compare with the booming Weibo, their achievements were still remarkable.

iQiyi's market capitalization opened at $150 billion, while Bilibili's was slightly lower, with an opening market capitalization of only $35 billion.

In order to secure a 20% market share from each of the two platforms, the province allocated 200 billion RMB in cash to Haofeng three months before the successful IPO.

Although this transaction wasn't as frenzied as when Weibo went public, the inflow and outflow still left the province with a profit of no less than 30 billion yuan.

With Weibo, iQiyi, Bilibili and other secondary sectors successively achieving key breakthroughs in the capital market, coupled with the equity premiums released by various listed entities, Haofeng Group's parent company saw an unprecedented cash inflow at the end of the year.

The cash accumulated in the group's corporate accounts swelled to 45 billion RMB in a very short period of time.

Countless eyes were fixed on Li Feng, speculating whether this young financial tycoon would use the money to repay the massive debt of 130 billion yuan owed to major banks, thereby easing the heavy leverage burden on his shoulders.

However, to everyone's surprise, Li Feng did not repay a single penny of the debt principal. Instead, he announced in a high-profile manner that he had registered the Li Feng Charitable Foundation in Hong Kong.

The first single donation, made in Li Feng's personal name, amounted to a staggering 13.5 billion RMB.

This generous charitable donation once again elevated Li Feng's image to a moral high ground of being enthusiastic about public welfare, selfless, and giving back to society, earning him applause and praise.

……

A few days later, in a quiet, upscale private restaurant on the outskirts of Nanjing.

Li Feng, who had just finished his EMBA course at the Business School of Jinling University, was having dinner with his sons, Da Zhang and Xiao Zhang.

These three are now nominally fellow disciples under the same mentor.

But inside the private room, the boundaries of hierarchy were clearly defined.

Zhang Xinyu, with a gentle expression, naturally sat in the high seat to Li Feng's right.

Xiao Zhang Yuxi, on the other hand, could only sit in the second-lowest seat on the left, holding a briefcase in her hand, ready to serve tea and water to the boss and her nominal junior at any time.

After several rounds of drinks and five courses of food,

Zhang Yuxi glanced at the draft of the group's finances that she had just finished calculating, and unable to suppress her doubts, she carefully lowered her voice:

"Boss, I don't quite understand."

She pointed to the data on the tablet and showed it to Li Feng: "If this dividend is taxed at 20% according to the normal procedure, after taxing the 450 billion yuan dividend, you will personally receive 360 billion yuan in net cash."

"But now, we've donated 135 billion to a charitable foundation. Although we enjoyed a large income tax credit, the actual amount we received after tax deductions was only 252 billion. This inflow and outflow... seems like we lost over 10 billion?"

Li Feng remained silent in the face of Xiao Zhang's somewhat bookish approach to algorithms.

His gaze swept across Zhang Xinyu's face subtly, and Da Zhang immediately understood.

Upon noticing the subtle scrutiny in the boss's eyes, Zhang Xinyu smiled softly and gently explained to Zhang Yuxi:

"My silly sister, that's not how you do it."

Having spent some time in Hong Kong, Zhang naturally had some understanding of the inside story of so-called charitable foundations.

"This charitable foundation is completely different from the kind of gratuitous donations you learned about in books."

"Although the money has entered the foundation and become charitable assets in name, think about it: who manages this foundation? Who holds the power to invest and allocate the funds?"

Zhang Yuxi blinked her big eyes, then realized what she meant: "It's in our own hands!"

"That's right!" Da Zhang gently tapped her forehead with his finger.

"Although the money has moved to a different pocket, the power to control it remains with the boss. On the surface, you only receive 252 billion in cash after tax deductions. But if you add the 135 billion lying in the foundation, the total amount of funds actually under his control is 387 billion!"

Hearing Da Zhang's straightforward analysis, Zhang Yuxi was completely stunned.

252 plus 135 equals 387 billion.

This represents a profit margin of 27 billion compared to 360 billion!

So this is the secret to the wealth that the rich always love to show off their charity work.

But as the chief secretary, Zhang Yuxi still thought of a detail:

"But Sister Xinyu, doesn't the foundation also have strict regulations on charitable expenditures every year? It can't just save money and not spend it, can it? Isn't the money donated every year also a loss?"

"Silly little sister, how much money could it cost?" Zhang Xinyu shook her head with amusement.

"According to the regulations of trusts and foundations in Hong Kong, the annual mandatory charitable expenditure is no more than 800 million."

"Besides, there's no rule saying that this 8 million yuan has to be thrown into the water. The boss can simply donate it to Huaxin or Xiaomi. The money will eventually come back to him, won't it?"

"As for the foundation's remaining 120 billion yuan, even if it does nothing and just sits in the bank earning interest, based on the current interest rates for large-denomination certificates of deposit, the actual annual loss would be at most 3 million yuan."

Zhang Yuxi finally understood.

This 27 billion premium is enough for the foundation to maintain its position for at least ten years without any significant impact.

Taking into account the intangible benefits brought by inflation, this is indeed a sure-fire way to make money.

She exclaimed, "No wonder so many wealthy people set up personal charitable foundations as soon as they have money. So this is what capital accumulation is all about."

Just as the two women were marveling at the mysteries of capital, Li Feng, who was in the main seat, spoke up.

"We need to consider the impact."

"Don't say things that are detrimental to unity."