Game development begins with destroying Girls' Frontline.

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at this time.

Cai Hao has clearly realized that miHoYo's current model is no longer viable.

At least not in the realm of anime-style games.

to some extent.

He was more radical than David. David felt that Honkai Impact 3 was doomed, but Genshin Impact could still be saved.

Cai Hao believes that not only is Honkai Impact 3 failing, but Genshin Impact will also fail if things continue like this.

Therefore, Cai Hao and Luo Yu share the same idea.

Use Spark mode.

Because Cai Hao and Luo Yu are both product managers, meaning they work on games, they communicate occasionally, but only between the two of them.

Neither of them told Dawei about this.

It wasn't that they were isolating David; quite the opposite, the two of them believed in him.

They also knew that going through the Spark Mode wasn't so simple; you couldn't just choose to go through Spark Mode whenever you wanted.

Currently, there are many games in the Spark Mode on the Spark platform.

Not all games are successful.

This is similar to how free-to-play games gradually replaced subscription-based games back then, but that doesn't mean that all companies that used the free-to-play model could necessarily make money.

This is just a trend.

Currently, miHoYo is encountering a host of problems because it is going against this trend.

As a result, miHoYo found itself in an awkward position.

They want to transform their business.

However, they lacked the relevant technical reserves and experience.

If the transformation fails, things could get really messy.

In order to reduce the risk.

Dawei chose to give up Honkai Impact 3 and focus all his efforts on Genshin Impact.

After all, Genshin Impact is more restrained in its monetization system compared to Honkai Impact 3. If Genshin Impact were like Honkai Impact 3, a character would need fourteen constellations.

However, Cai Hao's method was simpler.

“Since you think our operations team can’t make the same decisions as Spark, there is another way to smoothly transition to Spark mode.”

"what way?"

“I transferred 15% of my shares to Xinghuo so that Xinghuo could help us complete the transformation.”

"!?"

Hear this.

David was completely dumbfounded.

If Cai Hao supports the Spark model, it's still within Dawei's understanding, since Spark is indeed the most successful second-hand game developer right now.

However, when Cai Hao proposed that he intended to sell 15% of his shares to Xinghuo...

David's CPU almost burned out.

The shock level skyrocketed to off the charts.

What? Selling shares?

At this time, miHoYo's shareholding plan was very simple.

Cai Hao holds 41% of the shares, making him the largest shareholder of miHoYo; Dawei holds 22.6%, making him the second largest shareholder; and Luo Yu holds 21.4%.

Based on this shareholding structure...

Cai Hao's suggestion is actually not out of the ordinary.

After all, even if he gave up 15% of the shares, the current shareholding structure has not changed at all.

The founder of miHoYo still controls the company.

This is completely different from Kuro accepting investment from Spark before.

Although Spark only owns 20% of Kuro.

But apart from Liu Sheng, Xinghuo is the largest shareholder.

Moreover, Kuro has fully aligned himself with the Spark platform. With Spark's 20% stake and the platform's 20% commission, a considerable portion of Kuro's profits actually goes into Spark's pocket.

Therefore, Spark was able to get involved in Kuro's operations relatively easily.

miHoYo's equity is dispersed.

Even if Cai Hao were to transfer shares, he would do so on the premise that he remains the major shareholder, so that Xinghuo could acquire the shares.

At most, it's 15%.

This figure means that even if Spark invests in miHoYo, it will still be the fourth largest shareholder.

Getting things done is actually quite difficult.

With Cai Hao's statement about the share transfer.

The atmosphere in miHoYo's conference room began to become somewhat strange.

Everyone remained silent, looking at each other.

No one knew what to say.

It took David a long time to recover.

"Brother Hao, this is too sudden and too important. I think the most important thing right now is for us at miHoYo to adjust our mindset."

"We need to solidify our plans for Honkai Impact 3 and the future Genshin Impact."

"As for the shareholding changes, how about we hold a separate board meeting next time to discuss it?"

For David...

He definitely didn't want Xinghuo to get involved with miHoYo.

Even though Spark is currently more successful than miHoYo, Dawei believes that given time, it is not impossible for them to catch up.

Moreover, miHoYo is not currently a loss-making company, but a profitable one, even a company that makes a lot of money.

The cash flow is also healthy.

There is absolutely no need for us to accept investment from anyone.

Moreover, this capital came from their direct competitor, Spark.

but.

Because it was Cai Hao who proposed the equity transaction at this time.

In addition, the issue of equity was brought up suddenly.

Out of respect for Cai Hao, he couldn't directly refute him.

So, for David...

Postponing it is the best solution.

He needed time to talk to Cai Hao alone and figure out what was wrong with his old friend.

Chapter 173 Brother Dawei, you know him.

Following David's suggestion.

The executives present, including Luo Yu, who were somewhat bewildered by Cai Hao's actions, did not respond but instead all looked at Cai Hao again.

As a major shareholder of miHoYo.

Cai Hao's influence in the company is unquestionable.

Although Dawei's words sounded soft, they actually rejected Cai Hao's proposal to divide the shares.

Of course, this also has another meaning.

They also wanted to know what Cai Hao was really thinking.

Why suddenly bring Xinghuo into the fray?

Cai Hao sighed.

"We are indeed encountering difficulties in our current operations."

"When you encounter difficulties, you should solve them instead of trying to fill the gaps in this product with the next one."

"The market is constantly changing. David has done a great job in operations over the years. Honkai Impact 3 is a very successful product, but we need to do better."

At this point, there's nothing to hide.

His thinking about the share transfer was actually quite simple.

For him, these shares are either transferable or not.

At its core is actually David.

If Dawei can heed his and Luo Yu's advice and transform his business, then he naturally won't need to transfer his shares.

But what if David insists on continuing down this path to the bitter end?

So, if you can't beat them, join them.

That became Cai Hao's only option.

Because he himself really doesn't know how to run a business; neither does Luo Yu.

therefore.

If David, one of the key members of this trio, doesn't make any changes.

He genuinely intended to inject capital into Xinghuo and leverage its power to transform miHoYo.

Secondly, besides this factor, Cai Hao also had an off-field reason.

Of the three, Cai Hao paid the least attention to games. He was actually more interested in cutting-edge technology. After giving up 15% of the shares, he could use the money to invest in other high-tech industries.

If Spark can hold onto this share, it will help miHoYo launch Genshin Impact and Honkai Impact 3rd smoothly.

Then his 15% stake is worthwhile.

In front of Lin Li, Cai Hao shared his thoughts with everyone.

The degree of their honesty.

It left everyone speechless.

To some extent, this situation might only occur among miHoYo's senior executives.

Actually, it has come to this point.

Cai Hao has already offered a way out.

It's practically a no-brainer: as long as David is willing to try leading the operations team and trying to implement the Spark model, he won't transfer his shares.

But David still didn't nod.

This meeting has been going on for a while now.

It has become a debate over miHoYo's strategy: whether to follow miHoYo's own model, the Spark model, or a combination of miHoYo and Spark.

But once something escalates into a debate over policy, that's when things become a matter of policy.

It's definitely not something that can be decided so easily.

"In that case, let's vote. Those who agree to give up their shares to Xinghuo, please raise your hands."

miHoYo is not a publicly listed company.

However, it also has its own board of directors.

There are a total of 7 board members and 3 board supervisors.