Chapter 701 2 Billion
Funding.
This is something Wu Yuan has been thinking about for a long time, but has never put into action.
Originally, Guangying Kuaibo should have started financing two or three years ago, just like Youku, Tudou and other platforms, when the domestic video platforms were in chaos and were expanding crazily, they started to raise funds and burn money to grab the market.
But because Guangying Kuaibo had determined its overseas strategy and differentiated competition early, and Wu Yuan also came up with a mature video platform operation method in advance, Guangying Kuaibo was different from other video platforms that made almost no money and relied on losing money to grab the market. It was not so short of money.
In addition, Wu Yuan sold Guangshidai and invested most of the proceeds into Guangying Kuaibo, which helped the company pass the most critical overseas expansion period.
Now Guangying Kuaibo has developed well in Japan, South Korea, Singapore, Malaysia, Vietnam, Thailand and other countries, becoming the leading online video platform in these countries (mainly because there is no competition, and the Internet industry in these countries is not very good.), and has entered a stable development period, and the loss is not much in a year.
But as the saying goes, a single move affects the whole body. As the war between domestic video platforms enters a white-hot and long-term money-burning period, Guangying Times can no longer rely on Wu Yuan alone.
Once the domestic base is not grasped, Guangying Kuaibo's overseas market will be more or less affected, and the Chinese market with a scale of hundreds of millions cannot be abandoned!
Now, it's time to start financing.
Chen Dewei has been prepared for this and is even very happy.
"Director Wu, the current operating status of Guangying Times is absolutely very high-quality. Although we have not yet achieved profitability, we have tens of millions of users overseas, and our monthly users in China have exceeded 350 million. The daily playback volume of mobile terminals has exceeded 200 million. Such results are not inferior to the current largest Youku!"
As early as 2011, the overall scale of Youku's monthly users exceeded 300 million, which means that 300 million accounts will log in to watch Youku videos at least once a month.
In 2013, with the promotion of mobile terminals, that is, smartphones, Youku's mobile terminal users and playback volume also surged. In April 2013, the daily playback volume of mobile terminals alone exceeded 150 million.
This is only the data for 2011 and 2013.
In May 2014, Alibaba made a strategic investment in Youku and held 18.3% of Youku Tudou's outstanding shares.
In 2015, Alibaba planned to acquire the remaining shares of Youku in full, with an estimated total amount of more than US$4.5 billion.
In other words, Youku, with the above-mentioned scale, is valued at at least US$6 billion!
Considering that this is the complete Youku after the acquisition of Tudou, and the number of Youku users has continued to grow explosively in the past two years, and the number of video playbacks has also been rising steadily, so this value is even a little low.
Although Guangying Times should not be compared with Youku, the user data currently counted by Chen Dewei is only at the level of 350 million monthly active users and 500 million daily playbacks (mobile and computer terminals).
But don't forget that as a whole, Guangying Kuaibo also has an overseas market!
If we only talk about the single domestic market, Guangying Kuaibo's valuation is at most 5 billion US dollars, and it would be unreasonable to say it is higher.
But if we add the overseas market, especially if this overseas market also includes the markets of developed countries such as Japan and South Korea, then Guangying Kuaibo's valuation will have to double.
Because although the number of overseas users cannot be compared with that of domestic users, which is often hundreds of millions, the payment rate of overseas users of Guangying Kuaibo is too high.
At present, there are only a few million domestic paying users of Guangying Kuaibo. Among the 350 million monthly active users, only a few million are willing to spend 10 yuan to open a membership without GG.
But among Guangying Kuaibo's overseas users, the total number of paying users exceeds 20 million, and the average monthly membership they open is 5 US dollars!
Judging from the number of paying users, Guangying Kuaibo is definitely several times more than Youku.
It can only be said that Youku suffered a loss by not going overseas.
Therefore, according to the business research and evaluation of major venture capital companies, the current valuation of Guangying Kuaibo is around 12 billion to 15 billion US dollars. The difference is mainly due to the different quotations of different investment companies.
For example, Sequoia, which offered the highest quotation, gave a valuation of 14.6 billion US dollars, and the lowest quotation was a domestic investment company, which quoted a valuation of 12 billion US dollars.
Let's put it this way, as long as Guangying Kuaibo nods and agrees, the other party can immediately pay money in exchange for shares!
As a high-quality video platform with influence throughout East Asia, Guangying Kuaibo is definitely one of the Internet companies that major investment companies want to invest in the most!
Although Wu Yuan didn't speak before, Chen Dewei has been preparing and talking to these investment companies. He has also seen their valuation of Guangying Kuaibo rise step by step from about 4 billion US dollars to the current one.
"15 billion US dollars." Wu Yuan smacked his lips, a little surprised.
Even he himself didn't know that Guangying Kuaibo's current valuation had reached this point.
"In other words, I am now a billionaire?" Wu Yuan raised his eyebrows.
He didn't feel it was real. After all, the stock price was something you could only look at. If you really wanted to cash out, major investment companies would be very reluctant to let you cash out.
If you sell the shares directly, the seemingly high valuation may collapse in an instant.
So in fact, the stock price is the most fictitious thing. It can be seen but cannot be touched.
Including this financing, although Wu Yuan provided shares, he could not keep the money in his pocket. All the money must be invested in the development of the company.
If he wants to cash out, he has to negotiate with these investment companies about the amount of cash out.
Thinking of this, Wu Yuan was a little ready to make a move, so he said to Chen Dewei: "Let's do this. The company's first round of financing will be tentatively set at US$2 billion."
“Based on the overall valuation of US$15 billion, that means we need to take out 13.3% of the shares.”
"Fortunately, the quantity is not too much. If you find two or three investment companies, you should be able to absorb it."
"In addition, I have another request, which is that I need to allow the cash out of the US$200 million. In fact, only US$1.8 billion has been invested in the development of the company. You must also discuss this with the investment company clearly."
Wu Yuan crossed his legs and joked easily: "The company has started to raise funds, and its valuation is already 15 billion US dollars. I have to enjoy it no matter what. 200 million US dollars is not much, so it should be a reward for me, the founder of the company." "
"When the time comes, I will also pay dividends in equal proportion to you senior executives."
People like Chen Dewei, as well as Wang Xin, who is in charge of technology, and his team all have original shares. Their shares together account for 20% of the current total shares of Guangying Qvod, otherwise they would not be conscientious. The company is working.
Now if Wu Yuan demands to cash out the first round of financing, they should also get their share of the cash out amount.
Of course, after new investments are introduced, everyone's shares will be diluted, but if you can get the money, the company will also get new cash. Overall, it will definitely not lose money! (End of chapter)