Palm Technology leads the investment of 100 million yuan in Series A financing, the IP battle heats up

Recently, Beijing Dasenquan Technology and Culture Co., Ltd.(referred to as "Dasenquan"), which mainly operates and invests in the works of well-known domestic writers and derivatives, received a Series A financing of 100 million yuan. This round of financing was led by Palm Technology, and Microfilm Capital and Nanshan Capital followed suit.

Original title: "Da Shenquan" won 100 million yuan in investment from Zhangqu Technology The IP battle for Series A financing continues to heat up

. Recently, Beijing Da Shenquan Technology and Culture Co., Ltd.(referred to as "Da Shenquan"), which mainly operates and invests in the works of well-known domestic writers and derivatives, received a Series A financing of 100 million yuan. This round of financing was led by Zhangqu Technology, followed by Weibo Capital and Nanshan Capital.

It is understood that Palm Fun Technology is a leading enterprise in the A-share market, with mobile game research and development capabilities ranking among the top three in China; Microfilm Capital has become a leading institution in the capital market with its powerful pan-entertainment Internet industry platform in the microfilm era and the high-quality resources of its shareholder Tencent; and Nanshan Capital focuses on investment in the pan-entertainment industry and has rich experience and success stories in capital operations in primary and secondary markets.

Regarding the introduction of three heavyweight investors this time, Bei Zhicheng, founder and CEO of the Great God Circle, said: "Through financing, the Great God Circle will introduce more high-quality partners and resources to jointly develop the high-quality IP owned by the Great God Circle, and In-depth cooperation with partners in the fields of games, film and television, animation, and literature to enhance the synergy between all parties in these fields."

High-quality IP has become a core competitiveness

In recent years, as film and television works adapted from popular IP resources and games of the same name have become popular, the competition for IP resources among major industry giants has continued to heat up.

Data shows that as of the end of last year, a total of 114 online novels had been purchased for film and television copyrights. Among them, 90 are planned to be made into TV series and 24 are planned to be made into movies. The production cost of a single episode of the TV series is up to 5 million yuan. Entering 2015, multiple IP resources have been deeply developed. In addition to the popularity of film and television dramas, multiple games of the same name have become popular models and have attracted market attention. It is expected that competition for high-quality IP resources will further intensify in the next three to five years.

It is understood that the Great God Circle was just established in March this year and is positioned as a service provider specializing in online literature works, IP intellectual property and copyright development. This time, it was also due to the IP resources in their hands that they could quickly be favored by Palm Technology and Tencent Capital. "Because the company has very outstanding writers in the cultural industry such as Gu Man and Tang Family Sanshao. These writers are called 'great gods' by industry insiders, so the company is named Great Shencircle." Bei Zhicheng explained.

It is reported that the Great God Circle has signed contracts with most first-line and second-line writers and obtained authorizations for excellent works including well-known writers such as Gang Wousicun, Gu Man, Tang Family Sanshao and Jiangnan. The authorized works include "A Smile Is Beautiful","The Son of Light" and its prequel,"Jiuzhou Ethereal Record","Dragon Clan","Shanghai Fortress","Qin Emperor","Legend of the Deity of Douluo Continent", etc. Related works have high visibility and influence in the literary fields such as fantasy, urban emotion, and history.

Focusing on the expansion of the entire industry chain

In addition to having high-quality IP resources, the Great Shencircle is undergoing in-depth development. At present, it continues to make efforts in game production and distribution, film and television project investment and promotion, broker business, literary promotion and operation and other businesses, and builds a new generation of cultural companies by increasing business expansion in the entire industry chain.

In addition, in terms of management team, the senior management team of the Great God Circle includes founder and CEO Bei Zhicheng and co-founder and VP Qian Yi. In 1997, swept by the wave of Internet entrepreneurship, Bei Zhicheng started his own business. He served as the general manager of Beiming Software Company. Due to his early career, Bei Zhicheng became famous in the IT circle. Not only that, Bei Zhicheng is also a well-known blogger with more than 3 million fans. In addition, he is also an important leader and executor of the Writers 'Rights Rights Alliance established in 2011.

Qian Yi, another co-founder of the Great God Circle, served as an executive at Kongkong, Palm Technology and other companies, and successfully founded PopGame.com, focusing on the research and development and distribution of mobile games. He has 10 years of experience in the TMT field.

Regarding the future plans of the Great God Circle, Bei Zhicheng said,"In the future, the Great God Circle will continue to sign contracts with more outstanding writers, obtain authorization from high-quality IP, and carry out in-depth development of high-quality works through cooperation with large platforms to provide benefits to writers and investors. Bring better returns."

Editor: vian