His phone blew up in a short amount of time.
Especially Li Likun, who was startled when he saw the news.
Li Yang was on the balcony for a full half-hour explaining the situation to his parents.
Then he started copying and pasting the same message to Bai Qing and Jiang Banxia.
Li Yang knew what Chen Jie wanted, nothing more than to shove the responsibility onto him, using the contract terms to demand penalty payments for breach of contract.
The penalty was about a hundred million, which was normal given the current broadcaster contracts that often had penalties of forty to fifty times that amount.
After all, that's a hundred million, and Mouyu is barely worth anything now.
The angel round financing of twenty million was provided by Aofei, taking 20% of the equity. The A-round was conducted a month and a half ago, with a thirty-million-dollar investment from Red Shirt Capital, taking 20% while diluting the first-round equity, reducing Aofei's stake to 9%.
