Speech of Chairman Yuxiang Min at VC Financial Meeting
Dear Diane ， Thomas and Paul ,
Good Morning, Let me introduce you WST . Wall Street Times is a Chinese news media and website electronic trading platform .
1, Brief Introduction of WST and its website.
The Wall Street Times (Chinese version) is a standard Chinese news media and online electronic platform. The chairman of the company is Mr. Yuxiang Min and concurrently the chairman of Blue Sky Capital. The Wall Street Times is headquartered at 14 Wall Street, Manhattan, New York, USA with Chinatown station at 52 East Broadway, 5FL, New York, NY 10002 . Our business scope includes offline magazine publishing companies and online electronic media platforms. The contents contain news, culture, entertainment, business and sports. The Wall Street Times has released the first issue in 2013. The client is aimed at China, USA and even other parts of the world's financial, economic, energy, culture, education, art, science and technology, cultural relics, fashion, networking, medicine and other Chinese elites. The magazine style concept is to redefine the lifestyle of high-end people. The Wall Street Times has developed a business strategy and a strong distribution network that enables magazines to effectively distribute monthly magazines to major cities in the United States and major cities throughout China and the rest of the world through their printed distribution stream. At the same time, the electronic version is delivered to each subscriber in time via our own online platform and future Apps.
US Blue Sky Capital invested in August of 2018. During the past Eight months ， we have created website at wst.nyc and wllstimes.com with thirteen centers . They are
1)新闻中心-News Center； 2)广告中心-Advertisement Center, 3)博客中心-Blog Center , 4)娱乐中心-Entertainment Center ; 5)论坛中心-Tribune Center, 6)有话要说- Complain; 7)海外中心-Overseas Center , 8)投资中心-Investment Center, 9)管理中心-Management Center , 10)交易中心-Trading Center, 11)联系中心-Contact Center , 12)活动中心-Activities Center; 13)报刊杂志-Newspapers and Magazines Center .
You click US flag on the upper right corner, it becomes in English; when you click Chinese flag, it becomes in Chinese .
2, What we have done since August , 2018.
On August 6, 2018, US Blue Sky Capital invested in the Wall Street Times, registered in Delaware, USA, and is headquartered at 14 Wall Street, 20th Floor, New York, NY 10005 with Chinatown station at 52 East Broadway, 5FL, New York, NY 10002;
On September 25, 2018, the Wall Street Times interviewed Mr. Sun Tong, President of Blake Rural Credit Group.
On December 14, 2018, an exclusive interview with the singer Ms. Adrien Ryan and the pianist Richard.
On December 28, 2018, WST interviewed Dr. Zhu, Rongbin .
On January 4, 2019, WST interviewed Zheng, Deliang, President of the US Fujian Office.
On January 6, 2019, WST interviewed Zheng, Zhengjiang, Chairman of the Fujian Guantou Federation.
On January 20, 2019, WST interviewed Mr. Hong. Weimin, General Manager of La Vie En Szechuan Restaurant in 39th Street, Manhattan.
On February 14, 2019, WST exclusively interviewed 2020 US Presidential Chinese candidate Andrew Yang. WST successfully hosted the 2019 Pig Year Spring Festival Evening to support Andrew Yang to be the 2020 US Presidential Candidate.
On March 19, 2019, cooperated with African Views Organization successfully hosted the Welcome Banquet for United Nations CSW 63rd Annual Conference. In the evening, WST hosted the grand opening of the first publish ceremony of WST Special Edition Magazine “The Chinese Road to the White House” .
We are planning our next one on May 12, 2019 to hold the Ceremony of Issuing New Magazine The Road to the White House .
The above events are making WST more and more famous and best known to the community .
3, What we are doing now.
We are operating on the platform of WST for the Chinese news media for the first step, by setting up the Editorial Department and Advertising Department, and Publishing House in our China Station . Now we can edit good article , good magazine and good book and design good advertisements, etc. Our Advertising Department has sold one book at $100 for publishing one advertisement of name card size advertisement .
We made four sales, previously . 1)$1500 for a special interview on 09-25-2018; 2) $1000 for Shi, Jianxiang’s Open Letter; 3) $60 for a news report for Fujianese Association ; 4) $100 for publishing one advertisement of name card size advertisement for Jenny Chen. Our Advertising Depart is making sale for Advertisement according to this Price List.
Wo are planning to sell this magazine of second edition over 50,000 books in USA and 5 Million books in China.
4, Our Target：
1)Our first phase (2019-2022) plans to raise $5 million , with the goal of reaching the influence and credibility of the World Journal, the largest Chinese newspaper and news media in the New York area. Advertising annual revenues reached $60 million. Moreover, WST will become the largest global economic and cultural exchange institution in China in the New York area. Our value is estimated to be at 100 million .
2)The second phase (2023-2026) plans to raise $30 million, with the goal of reaching and surpassing the two largest media in the United States - The New York Times (Chinese version) The New York Times and The Wall Street Times (Chinese version) . The Wall Street Times will be in full The circulation of the world hand have a huge and lasting impact on the business, finance, culture, art, sports, and technology fields in the United States, China, and the rest of the world. Advertising annual revenue will exceed 100 million US dollars.
3) The third phase (2019-2026) plans to raise $300 million, with the goal of becoming an Amazon or Alibaba-sized online electronic trading platform and eventually listing on the Nasdaq Stock Exchange in New York. By then, advertising annual revenue will exceed $1 billion. According to Wall Street experts, the market value of listed companies will exceed 10 billion US dollars.
5, $500 venture capital is needed to start with 5% to 8% equity sharing . based upon 100 Million value with 60 million income at the first stage .
Through the above analysis, the company through this round of targeted 5 million US dollars of capital raising, the company will expand the market, optimize equipment, optimize network settings, enhance brand image, improve the quality of magazines and start mass sales of products and advertising. Further open the credibility and influence of the Wall Street Times in the local cultural circles of New York, Greater China and the world. At the same time, the listing process of the Nasdaq Stock Exchange in New York was launched, and the company generated a market value of more than 10 billion US dollars around 2026. Referring to the opening price of the first day of listing of companies such as Baidu and Jingdong, the first day of the company's share price is expected to be no less than 10 US dollars. Referring to Alibaba on August 19, 2014 on the first day of the New York Stock Exchange, the opening of 68 US dollars and closing 93.89 US dollars, the future Wall Street Times LLC, listed on the Nasdaq Stock Exchange, can follow the first listing of Alibaba The performance of the day. It can be seen that the purchase and holding of 1 US dollar of the original stock of the company will be rewarded.
Please see the details in our business Plan.
In sort, WST is a good project for investment at this moment . We have had a detailed business plan to develop . Let us work together to reach this goal with three steps.
Thank you for your support.
Yuxiang Min ， Chairman of Wall Street Times