"At the stage I'm at, the industry already has plenty, and those super traffic portals are a must-fight for the top spots," Chen said.
The development on Chang Fu's side had already made him deeply aware of the future development potential of short videos.
No matter how much he thought about it, it wasn't overthinking.
In just half a year, Xin Teng Live Streaming had cut down the second-largest profit within the group after Tengying Entertainment.
They reaped a net profit of 1.3 billion.
By the end of the year, it's estimated that there could be a net profit of 2.8 billion.
That number wasn't something even he had thought of.
Not a single person in the group had thought of it, not even Tong Zelan, who invested nine hundred million, was flabbergasted.
She bought 30% for a valuation of three billion, and now the situation is that Xin Teng Live Streaming's net profit could be three billion a year.
This was incredibly exaggerated.
Whether it goes public seems irrelevant now.
