The employees at the group were still bustling about, and Zhang Wanyi had specifically traveled from Guangzhou to Magic City.
Chen Pingsheng asked her what brought her here this time, and Zhang Wanyi replied that the acquisition of Clothes Warehouse No. 9 was preparing for its IPO.
The valuation was set at 16 billion, and the IPO has already been successfully completed.
Chen Pingsheng didn't bother with such minor matters; he had long since sold all his shares in Clothes Warehouse No. 9 to Teng You Media.
Now, the listing was merely a way to recoup the funds spent on the original acquisition.
As facts have proven, in times of uncertainty, the best model is the combination of traditional business with influencer-driven economy.
Clothes Warehouse No. 9, deeply tied to Teng You Media, had undoubtedly become a resounding success.
It had reached the milestone of preparing for its IPO.
Besides reporting on the IPO, Zhang Wanyi briefly talked about the current short video trends.
