Chapter 1175 Financing Reception

[3Q♂Chinese÷文→网.], wonderful free reading without pop-up windows!

October 28th.

The day when the Weibo financing reception was held.

In the past two days, ordinary people have not noticed, but Jiangbei's upper class society is a little turbulent.

Those who pay attention will find that in the past few days, some star hotels have more foreigners settled in, and people frequently visit these foreigners.

In the eyes of those with a heart, this is not a foreigner, but the money owner.

Taking advantage of Yuanfang Weibo's financing opportunity, this time, investment banks and other financial institutions at home and abroad have brought many big-name personalities.

Especially the arrival of some well-known investment banks is even more exciting.

Investment banks are not the same as venture capital.

The so-called pc/ve is the abbreviation of venture capital companies, and they all belong to venture capital.

Investment banks and venture capital are only part of their business.

Investment banks include venture capital, but are not limited to venture capital. Investment banks are mainly engaged in securities issuance, underwriting, transactions, corporate restructuring, and mergers and acquisitions.

Of course, they also engage in venture capital and financing.

However, the strength of investment banks is generally much stronger than that of venture capital companies, and their popularity is also much greater.

Like the five major investment banks in the United States, Goldman Sachs, Lehman, Morgan Stanley...

The influence of these five companies is far greater than that of Sequoia, idg and other venture capital institutions.

The bankruptcy of Lehman and the detonation of the global financial crisis are clear evidence.

This time Yuanfang not only invited venture capital institutions, but also invited many investment banks to come, which also made people see the strength of Yuanfang further.

Today, it's not just the domestic business community that's looking afar.

Yuanfang can invite people from foreign investment banks, which means that these foreign financial institutions have paid attention to Yuanfang. Otherwise, even if you send an invitation letter, no one will respond to you.

In fact, it is understandable that the distance has gained attention and favor.

In the Chinese business community, Internet companies are the most favored by foreign investors.

There is China's No. 1 Weibo in the distance,

Up to 200 million users!

There is the number one b2c mall, occupying more than 80% of the Chinese market.

There is No. 2, but it will soon hit the No. 1 Internet payment platform Wanka!

There is also China's second instant messaging software pp chat software with more than 200 million users.

This is not counted as the No. 1 pea pod on the distribution platform. After all, the distribution platform at this time is not as important as it will be in the future.

Either the first or the second, Yuanfang Technology is simply an untapped gold mine, no, a diamond mine!

Tencent has the No. 1 instant messaging software, and in 2008, it was only the instant messaging software QQ. At this time, Tencent did not have WeChat, and there was no profitable game industry.

Just relying on instant messaging alone, their stock price is now nearly 20 billion US dollars!

This is still the general situation of the market this year, otherwise, it will only be higher.

Yuanfang's PP is a bit worse than QQ, but Yuanfang's PP is not only for this business, PP video has recently emerged because of the broadcast of several popular TV series and "Where are we going, Dad?"

The pp game business is also developing very well now.

Yuanfang successively launched the popular "Happy Farm" and "Dungeon and Warriors" across the country, and acquired the parent company of "Cross Fire". Tencent is now in a state of scolding.

In addition, Yuanfang borrowed the game platform and negotiated cooperation with several game companies such as Netease and Jiuyou, and obtained the authorization of some games.

"Running Kart" and "Audition", which were popular in 2008, can be played through the PP game hall at this time.

Several game companies, of course, are not fools, insisting on cooperating with Yuanfang.

But they can't help it, game companies, it's not a big problem to run some online games, because online games have their own terminals.

As for games such as "Audition", although there are also computer terminals, it is relatively difficult to promote them.

It is also the norm in the industry to find a large game platform to cooperate with, or to cooperate with multiple platforms.

Yuanfang and Tencent fought over this matter a few times, but in the end they lost to Yuanfang, who made Li Dong willing to spend money.

As soon as several popular games were launched, Yuanfang's game industry completely overwhelmed Tencent and became the top three large game platforms in China.

Many game manufacturers like to launch their games on the PP game hall first.

The fame of the game is good for both sides, and Li Dong's spending is generous, so it is booming for a while.

There is also the pp browser launched some time ago. Although the audience is average at present, because of the willingness to invest in the distance, it has invested in the construction of idc data centers and added servers. The webpage experience effect is much better than others.

In the eyes of the outside world, sooner or later it will seize other people's market.

This is the complex of Yuanfang PP. In terms of strength, it is no worse than Tencent QQ.

Even if it’s not worth 20 billion U.S. dollars, after discounting it and going public, 10 billion U.S. dollars is still safe.

Not to mention the other items, they are all at the level of tens of billions of dollars.

The listing of Yuanfang Technology and Weibo may not necessarily break through the US$50 billion mark.

When it comes to such a large-scale industry, investment banks can't help being tempted, that's inevitable.

Not to mention them, even those Internet companies in China can't wait to play a hand. Li Dong has several good cards in his hand.

It's a pity that this guy has always been used to eating alone, and this time he finally smelled the fishy smell. Those who received the invitation letter, unless they really have difficulties, or almost all of them arrived.

...

For the financing reception, Yuanfang did not choose to hold it at Tianhu Hotel this time.

Although Tianhu is known as a five-star hotel, it can only be counted as a five-star hotel.

In Pingchuan as a whole, Hilton is the only one that has truly reached the international five-star standard.

Hilton has the largest banquet hall in the city, and it is still a foreigner's business, so it is more suitable to hold a financing reception here.

Reception starts at 7pm.

The entrance of the distant building.

Li Dong, Yuan Chengdao, Liu Hong, and Wang Xin shared a car.

In the car, Wang Xinhui reported: "A lot of institutions have come this time, let's talk about investment banks first, Goldman Sachs and Morgan Stanley from the United States are here.

Citigroup's Solomon Smith Barney also came.

In addition, UBS Warburg, Deutsche Bank, and Credit Suisse, which are owned by UBS, also came.

Although we didn't invite Nomura Securities in Japan, some people came, and I sent invitation letters to them on my own initiative, after all..."

Wang Xin didn't go on, financing knows no borders.

He knew that Li Dong didn't like to cooperate with those investment banks and venture capitalists in the island country, but they all came, and they were world-renowned investment banks.

He didn't tell Li Dong, but he reported it to Liu Hong and Yuan Chengdao, and both of them agreed to reissue the invitation letter.

Even if Li Dong was dissatisfied, they admitted it.

Fortunately, Li Dong didn't say anything, nodded slightly and said: "It doesn't matter, anyway, there are quite a few investment banks here, not many more.

These are world-renowned investment banks, what about venture capital institutions? "

"In terms of venture capital, people from Sequoia and idg headquarters are here, and these two are also among the top venture capital institutions in the world.

In addition, Softbank is also here.

These are all foreign institutions, and many domestic ones have also come this time.

In terms of investment banks, China Merchants Securities, CICC, Bank of China, Guoxin, and Haitong have all arrived.

In terms of venture capital, Legend Capital, Capital Today... and Xihua Investment also came. "

"Xihua Investment?"

Li Dong felt a little familiar, but Yuan Chengdao said dryly: "Mr. Shen's mother's company."

Li Dong suddenly remembered, and said with a smile: "I said, it sounds familiar, I thought it was Huaxi Securities, but I didn't expect it to be from Mr. Shen."

Several people laughed.

Liu Hong answered: "In addition to these investment banks and VCs, we also invited many colleagues.

Mr. Li from Baidu led the team, and the two Mr. Ma said they couldn't come due to something, but Mr. Cao from Sina led the team.

In addition, in Jiangbei, we have invited many companies to accompany us, and most of them will come.

By the way, Mr. Xu said that he is coming too, and I hope you can get him some investment..."

"Crap!"

Li Dong said unhappily: "He thought that foreigners would also like to speculate in land with him? Besides, now that the real estate market is so bad, who would invest in him.

Hasn't he been collecting equity?

Why do you want to attract investment? "

Liu Hong smiled and didn't speak, but Yuan Chengdao said with a smile: "I'm afraid it's a joke, but it can't be ruled out that Mr. Xu has this idea, and it may be to prepare for the listing."

"He still wants to go to Laomei to go public?"

"That's not necessarily true. I think he wants to go public in Xiangjiang. These investment banks and VCs don't have much influence on the mainland, but they still have influence in Xiangjiang."

Li Dong understood, but Xu Shengzhe was mostly joking.

At this time, financing, even if someone is willing, he may not agree.

Moreover, there are many restrictions on domestic and foreign investment in the real estate industry, not only in real estate, but also in industries.

Only in the Internet industry, there are not too many restrictions in China.

This is also the reason why the domestic Internet industry is very popular. Unlike others, if you have money to invest, there are always troubles, and foreigners are also afraid of such troubles.

Several people briefly introduced the situation, and Yuan Chengdao continued: "In addition, we also invited Governor Wang, Governor Chang, several Jiangbei government officials, and several experts and professors in economics and Internet from Jiangxi University and University of Science and Technology.

Also, we also invited a group of stars to help out at Dongxing.

This is generally the case. During the reception, Mr. Liu was the representative, and he went on stage to briefly talk about the financing of Weibo.

The specific agreement depends on the negotiation situation after the banquet.

On your side, Mr. Li, just make an appearance later..."

Li Dong rolled his eyes, and said angrily: "Why, I even deprived you of the opportunity to speak? Are you afraid that I will talk nonsense?"

Yuan Chengdao was about to cry, you are so smart!

I'm just afraid that you will fire a cannon!

If you promised PP and other industries to open up financing at the banquet, but you failed to do so, isn't this a joke?

It doesn't matter if the wind is released in the front, it is not a formal speech.

But now if Li Dong is still so instigating at the banquet, it turns out that there is no such thing. The trouble is not Li Dong, but these people.

When those investment banks want to talk about this, how should they talk about it?

You didn’t even make a report or plan, so you can’t quote blindly. If you quote blindly, someone agrees. Do you agree?

So it's best not to talk about it at all, and save yourself trouble.

Yuan Chengdao was quite at ease with Liu Hong, and he didn't dare to talk nonsense.

He can't control Li Dong, and accidents are easy to happen.

Li Dong complained, and muttered a few words before saying: "I'll save trouble if I don't talk, you've agreed, anyway, the main purpose of this reception is Weibo.

Not only about financing, but also about the next round of financing, you can also get in touch in advance.

After the three rounds of financing are over, I am likely to go public. It is more appropriate for Weibo to go public in the United States, and I need the help of these institutions.

And another purpose is to open up the international version of Weibo market. This time, when selecting institutions, try to choose different countries.

Or in institutions that are relatively influential in the local government, there are too many investment banks in the United States. You can choose whoever has the greatest influence in the European market at that time.

More money and less money is not too important, and it doesn't matter if the difference between up and down is not big.

As for the little devil..."

Li Dong seemed a bit entangled. He wanted to open up the Asian market, and the island country is not a small market.

It's a pity to give up.

If you don't want to give up, it is best to have the cooperation of the island nation's institutions. Without their cooperation, it will be quite difficult for Huaxia's enterprises to enter.

The island country has a large population and occupies a large market share in the Asian market.

If it can enter the market, especially the o2o model of Yuanfang Mall, it will still be very popular in the island country.

Yuanfang Retail Group is also expanding, hitting the Asian market. If you don’t accept the other party now and reject the other party, it is likely to be boycotted later.

After thinking about it for a while, Li Dong nodded and said: "If the little devil also has an idea, it depends on the situation. If the conditions are suitable, it is not unacceptable!

but……"

Li Dong thought for a while and said: "Forget it, let's talk about it later, anyway, you just need to remember our main purpose.

How much is the quotation is second, mainly depends on how helpful it is to us.

How much we raise now is actually not of much benefit to us. The reason for financing is to expand our influence and scale, and only by going public in the future can we create greater value.

The money we earn now is not ours.

When it goes public, that's our money, understand? "

Everyone nodded hurriedly, they were still clear about this.

Li Dong's meaning is very clear now. To promote the listing of Weibo, it is best to circle tens of billions of dollars. That is his goal.

With so much money, it is not impossible for Li Dong to give up Weibo.

However, Yuan Chengdao still asked: "These domestic institutions..."

"Depending on the situation, if I want to go to Heung Kong for IPO, both Bank of China and CICC are absolutely fine, but my goal is not to go public in China.

However, state-owned assets cannot be completely excluded. If the quotation is suitable, it can be accepted.

The second round is not good, tell them that the third round can give them priority.

In short, even if the shares of Yuanfang are less than 50%, it will be greater than 50% when combined with the shares of state-owned assets. Do you understand what I mean? "

Liu Hong's heart froze, and he nodded quickly to express his understanding.

A self-media platform like Weibo, a public opinion killer, must be in the hands of Chinese people.

Once he becomes a foreign investor, I'm afraid Li Dong will be punished by all the people, and some people may be dissatisfied with him. They still understand this.

Several people were talking, and the Hilton Hotel arrived.

At the entrance of the hotel, the red carpet was laid on the floor, and the media gathered. It felt that the atmosphere was not worse than the previous Dongxing Charity Night.