GGP is Lying; Gravity Is Owned by China Reading (QI)

Discussion in 'Novel General' started by Truck-kun, Aug 3, 2017.

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  1. Truck-kun

    Truck-kun Well-Known Member

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  2. mitre27

    mitre27 Well-Known Member

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    I don't really care but if this is true it explains why GT got such a good deal, though i don't have much faith in this being true.

    Edit: By the way, we should wait for his side of the story before getting our pitchforks out.
     
    Last edited: Aug 3, 2017
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  3. TeaNinja

    TeaNinja [Chuunikage of the Hidden Teapot Village]

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    Didn't people already say that they were own by Qidian? Truck-kun, you're drunk. Go back to making cheap isekai protagonist for us.
     
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  4. Mufarasu

    Mufarasu Well-Known Member

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    The twists and turns.
    The shock and betrayal.
     
    Last edited: Aug 3, 2017
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  5. Lovely

    Lovely 『Valentines Terror!』『Cherished Kitty』『Rika's Twin』

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  6. Hunta

    Hunta shameless

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    gimme money and ill sell u my
     
  7. Johnnycabra

    Johnnycabra Well-Known Member

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    Fuuuuuuck!!!! (I feel the need not to censor this time). That suspicion in the back of my head was right. Damn, this is getting into corporate secrecy and espionage here. I'm just going to sit back and watch.

    Edit: I'm putting this up in my first post because this thread has gotten too long. Can anyone tell me if there was this much excitement when when this happened to the JP novel community. Or was it like "oh well."
     
    Last edited: Aug 3, 2017
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  8. anhrefn

    anhrefn [NTR Sect Leader]       [True Ancestor]

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    blood traitors
     
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  9. Arch

    Arch [Popcorn Sect Leader]

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    Finally, someone with a concrete evidence. Wait, I just need to get more popcorn......
     
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  10. chencking

    chencking [Daolord Grammar Nazi]

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    I don't believe reddit out-of-hand
     
  11. kaisersose

    kaisersose Well-Known Member

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    Wow this is an incredible plot twist :blobfearful:
     
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  12. Johnnycabra

    Johnnycabra Well-Known Member

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    I know right, all we need now is those Qidian lovers to show their evidence as they were hating on our speculations (now turned accusations).
     
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  13. IRainstorm

    IRainstorm Dark Sect Ancestor

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    *THROW KARMA*
    sit back and watch

    [​IMG]
     
    Last edited: Aug 3, 2017
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  14. joeglens

    joeglens Well-Known Member

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  15. rwxwuxiaworld

    rwxwuxiaworld Well-Known Member

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    This is from Qidian's official legal preparatory IPO filing in Hong Kong. That being said, it is also from July 3rd and technically a draft, not the final version (which should be up in future months). GGP should be given the chance to respond to this.
     
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  16. branislavs369

    branislavs369 Well-Known Member

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    I feel really sorry for the people that are watching TV dramas and are telling me how boring it must be reading online forums....
     
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  17. Lovely

    Lovely 『Valentines Terror!』『Cherished Kitty』『Rika's Twin』

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    upload_2017-8-3_16-6-10.png

    upload_2017-8-3_16-6-29.png


    [​IMG]

    **REDDIT
    'm a very bored guy with way too much time on my hands.
    Okay Let's set some things straight. So QI
    According to their TOS They are "owned" by Cloudary Holdings Limited: http://imgur.com/a/Lll5K
    And if you do some google searches along with the SEC you can find cool stuff they filed here:https://www.sec.gov/Archives/edgar/data/1518239/000095012311063204/h04935a2fv1za.htm
    In particular of note:

    http://imgur.com/a/tYoq3
    if you look at the cool history and corporate structure QI is owned by Cloudary Company based in the Caymans
    So basically some stuff happens and it gets eventually sold to Shanda who merges with Tencent:

    https://www.crunchbase.com/organization/cloudary#/entity
    to form Yuewen
    Then as of JULY 3rd:

    https://www.ft.com/content/caf0a48d-1777-3064-ae71-9b1ee9c05a52
    Tencent decides to spin off China Literature, or Yuewen, on the Hong Kong stock exchange. Which makes the documents publicly available with some redacted stuff :D
    Here are the documents filed from the HongKongStockExchange:

    http://www.hkexnews.hk/app/sehk/2017/2017063005/documents/sehk201707030047.pdf
    I got bored and skipped to Page 109
    Which had some funny stuff. Because Yuewen(Company)
    owns 100% of Cloudary Company (The one based in the Caymans wink wink) which
    owns 100% of China Reading Co. Ltd. <- AKA QI
    owns 90% of Gravity Tales LLC
    Who that mysterious 10% owner of gravity tales is we shall never know
    Enjoy :D and forgive my atrocious formatting**
     
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  18. BabaNovac

    BabaNovac FUYUKAI DESU Seraglio e youkoso SchrodingerPanties

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    The ultimate plot twist would be that wuxia world is Qidian lol
     
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  19. Danis

    Danis {(Harem Sect Leader)}{Trickster}&{Lurker}

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    Since when leacher have the right to fucking mess with translator know you palace maggots all you need to say is thanks for the chapter or just STFU you people is to much what have you done to novel community this is what happens when leacher think they are the boss I tell you you and you is just leacher dont bite the hand who feed you !!!
     
    Last edited: Aug 3, 2017
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  20. Ai chan

    Ai chan Queen of Yuri, Devourer of Traps, Abused Witch

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    If this is a fabrication, it's a damn good fabrication. Either there's a genius out there who has nothing better to do than make fake document for several months or it's totally real. I can clearly see Gravity Tales under their offshore Cayman Island company.

    But then again, it's a draft... hm... don't we have anything final?
     
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