My American magical life
Chapter 469 - 469 73 No matter if you are a pig with hair or not CEO Cheng has to give it a good tug!_2

469: Chapter 73: No matter if you are a pig with hair or not, CEO Cheng has to give it a good tug!_2 469: Chapter 73: No matter if you are a pig with hair or not, CEO Cheng has to give it a good tug!_2 Lisa handed a file to CEO Cheng and whispered lowly,

“Good luck!”

Cheng Daqi nodded at her, smiling as he stood before the PPT.

Thinking back, Mi’er had mocked him for wanting to bluff people without even having a PPT.

Today, CEO Cheng not only had a PPT but also a company with great potential and had even prepared several extras!

PPT, launch!

—————–

“MAS is a company dedicated to providing people with quality content.

In the conventional sense, many people mistake us for a traditional MCN, but this is a misunderstanding,”

We’re not an MCN—bullshit.

“The core business of the traditional MCN industry is to bridge content creators with video platforms, and here the content creators refer to YouTube or other similar platforms.

If any of you here still holds such a view of MAS, then, I must remind you that you no longer have a ticket on the train to the future!”

So far, in terms of business model, MAS has no difference from traditional MCNs, but the popularity of mobile internet and the emergence of short videos provided MAS with a future full of possibilities, which is where the fundamental difference lies.

“An investor asked me why I wanted to organize everyone to discuss this, and I answered him ‘The development of mobile internet is too rapid, and the growth of short video platforms is too fast; many people still don’t understand what these rapid changes have brought.’

So, I need to ask everyone a question first, when is the first time you watched an online video on your mobile phone?”

“11 years?”

“12 years I think…

I’m not sure.”

“Indeed, online videos have been around for a long time, but the early mobile network speeds were unsatisfactory, and the video quality was very low.

Look at this, data shows that by the year 2014, America’s 4G coverage had only reached 90%.

But back then, the network speed was insufficient, and the content quality was also not up to par.

Gentlemen, I don’t know if you’ve had this experience, but even today, the network in some areas is unstable.”

Cheng Daqi’s words drew laughter from the audience, and Geweil found it somewhat amusing.

The PPT financing presentation today opened with an educational approach, precisely targeting the soft underbelly of this highly educated illiterate.

Although he was a top graduate of West Point, his level of understanding in many fields had basically no correlation with that of normal human beings.

In this respect, Mr.

Geweil was just like a human being.

“But now it’s different than before, our network speed has significantly improved compared to a few years ago, providing a foundation for the emergence of mobile short video apps.

In the previous era, Facebook, YouTube, and Twitter achieved temporary victories.

They became the victors of the mobile internet.

But now, the era of short videos has arrived, and TIKTOK will completely overturn the old giants!”

After giving a brief background, CEO Cheng immediately shifted the topic to the differences brought by short videos.

“The ways content is distributed change with the evolution of productive forces, from the earliest word-of-mouth to letter writing on paper, then to books and newspapers after the widespread adoption of printing technology.

Later developments such as radio, television, and web portals all represent changes in information distribution methods, but they simply do not compare with short videos.

This is a disruptive change in content distribution.

I’ll emphasize it again, this is a disruption.”

An extra arranged by CEO Cheng raised his hand, signaling his intention to speak.

“Mr.

Kangrifanzi, hello, please go ahead,” CEO Cheng said.

This seemingly Japanese but actually Chinese exchange student extra was a friend of Xiao Zhao’s, and he was really getting into his role.

“Dear Chan, since you’re saying this is a disruption, then, haven’t those big companies noticed?”

The fake Japanese-tinged English was quite convincing, making other attendees believe he was a real investor.

“Mr.

Kangrifanzi has asked a good question.

FACEBOOK has certainly noticed the opportunities in short video.

Last month, their short video app Lasso was just launched, currently allowing users to shoot fifteen-second videos and add their own background music.

Lasso’s video feed is a variation of TIKTOK’s, but it’s more similar to Insta’s newsfeed.

Judging by the timing of the product launch, Facebook highly values the short video market.

But personally, I’m not optimistic that Lasso can compete with TIKTOK!”

This remark was outrageously bold; after all, Facebook is a top-tier global internet company, but in CEO Cheng’s mouth, it seemed like an insignificant competitor.

That’s the point—to be bold.

How else to justify a valuation of one hundred million?

It seems like the discussion is unrelated to financing, but in truth, it’s all to highlight the awesomeness of tt.

The more awesome tt appears, the higher the ceiling for MAS that relies on it!

All of it is strategic, and not a single word is superfluous.

“Chan, are you serious that you don’t have hope for Facebook?”

Right after CEO Cheng finished boasting, the extra immediately followed up, maintaining a coherent atmosphere.

“I didn’t say I’m not hopeful for Facebook; I just said I don’t see it defeating TT in the short video domain.

It has traffic resources, platform advantages, and technological strength, but it also has corporate arrogance, corporate inefficiency, and the difficulty large companies face in changing course!

Instagram can do short videos; Facebook can do short videos, so why create a new short video app?

In fact, that’s exactly what Facebook is doing, but I think this will cause them to completely lose their competitive edge.

Neither Facebook nor Insta is a true short video app, and the more functions a software has, the more mediocre its features become.

Besides, Facebook is not without competitors; there’s also Twitter.

Let alone the fact that the rising TIKTOK has the world’s most powerful short video algorithm.”