Chapter 158 Chapter 187-188: Valuation of this price? (first sum)
As the saying goes, when acting, you have to do the whole thing!
Gao Huaijun's impassioned expression coupled with his determination to win seemed very coaxing.

Although all the people present at Merlin Securities looked at each other in confusion, thinking that this guy was bragging, they were all shocked by his calm demeanor. His acting was so realistic!
Everyone felt that he was bragging, but his serious expression felt that he was not bragging. This contrast made everyone feel a little weird.

In fact, being able to brag is not a shortcoming for investors, on the contrary, it is a perfect advantage!
That's how investing is. If you can fool me, you can fool other investors.

As long as other investors can accept it, then I will not be the last one to take over, and I will have the opportunity to exit at risk!

Therefore, investors actually like investors like Jack Ma and Gao Huaijun very much.

However, Gao Huaijun’s plan is really crazy!

10+ people means at least 100 billion yuan in R&D funding per year.

It is 100 billion a year!

This fee does not include five social insurances and one housing fund, various talent subsidies, bonuses for research and development progress, supporting personnel costs for large-scale talent recruitment, etc. Talent investment of this scale will only More, not less.

An investment of this magnitude is generally unaffordable for big blue-chips, but they can, tsk tsk. . .

This year's revenue has not reached more than 1000 billion yuan, and investing in this research and development cost is simply a dream.

Li Xiaojia swallowed a sip of saliva and wondered what the companies he had invested in before were!
Just invest a few million and you can get a large number of shares.

How can it be as exciting as negotiating with Gao Huaijun!

He said slowly, "10+ is indeed an expected number of people. We also hope that our investors will have such ambitions and achieve greater achievements, but the cash flow of Hillhouse Technology is too low now. !”

"We have made so many products, but we only have sales of 20 billion yuan! To put it bluntly, this sales volume cannot support Hillhouse Technology's ambitions!"

After saying that, Li Xiaojia laughed dumbly and expressed his thoughts tactfully.

His meaning is very clear, that is, young people, don't be so crazy!
Now, Hillhouse Technology is not yet at the point where it can suppress its morale and ignore Merlin's investment.

As the head of Merlin Securities China Regional Company and one of the first people to engage in angel investment in China, he actually has some understanding of young people with Gao Huaijun's mentality.

In his opinion, young people are high-spirited and have the energy to never admit defeat. However, sometimes this kind of energy is a good thing, and sometimes it is a bad thing. It's about to stumble.

Creating an enterprise in China is not one of a hundred, but one of a million!

Now that Gao Huaijun can stand in front of him, it is considered a great success.

Gao Huaijun knew that what the other party said was very pertinent, but since he wanted to show off, he had to pretend to the end.

It's like a boy pursuing a goddess.

If you greet the goddess every day and get a good guy card in exchange for it, then you cry out to others that you have been cheated on your feelings.

All I can say is that your so-called personality is completely unsound!
A company must maintain its strong character. If you lick investors like a dog, investors will just kick you away like a dog.

So he snorted with a hint of contempt, "Mr. Li! I can say without exaggeration that our Hillhouse Technology is on the right path!"

"As you said, we have made many products and the sales are only 20 billion. These are just things on the surface."

“However, we have already grasped the forefront of future development!”

“Now in the field of smartphones, I think it should not just be used to make calls and send text messages, but more of a connecting tool between people!”

"I call this tool a terminal!"

"In the future, people will slowly become accustomed to handling a series of trivial tasks on their mobile phones, and all fragmented time in their lives will be spent on their mobile phones."

“It can even be said that your mobile phone is your second wife!”

"With such an important tool, our company is now at the forefront of the world. Don't you think our company deserves the highest premium?"

Gao Huaijun talked about smartphones and future ecological applications in detail to the big guys who had invested in Merlin.

"Mr. Gao, are you saying that Nokia may encounter certain difficulties in its future development?" Andrew Francis, president of Merlin Securities Asia Pacific, couldn't help but ask.

He himself has heavily invested in Nokia shares.

After all, Nokia is the king of mobile phones, an absolute blue chip!

"To be precise, I think Nokia will directly become a member of Other within 5 years if they don't cater to the trend of the smartphone era!"

Not all of the people present who were invested by Merlin looked at Gao Huaijun in shock!
This group of people are basically big bosses in the financial industry. They would be the C-position if they just go to a party.

In fact, they are somewhat aware of the future development of smartphones, but they still feel that a certain proportion, or even a considerable proportion, of feature phones represented by Nokia will exist for a long time.

However, as a well-known person in the industry.

Gao Huaijun actually dared to set a flag and said that Nokia would be fucked into another within five years. This is really crazy!

However, the few people present had different thoughts.

Li Xiaojia and John Tyne, the head of the investment banking sector of Merlin Bank, the core boss of this negotiation, are two of them.

After Gao Huaijun revealed his plans for subsequent smartphones, both of them were faintly surprised.

Between the lines, Gao Huaijun was really optimistic about the development of smartphones. The key was that the two of them thought the same as him. . .

Gao Huaijun watched the group of people wash. .Nao, oh no, it’s almost time to listen carefully. He cleared his throat and took a drink of water to start the real highlight of the day.

【Chapter X】

"In such an era of great changes, it is urgent to increase our investment and increase our R&D headcount."

"In the future, mobile phones will be greatly compressed, and I expect that PC products will capture more than 80% of the traffic, becoming the real traffic overlord in the Internet world!"

"Expanding mobile phone matrix products and tapping into the potential of the smartphone ecosystem will hold the lifeblood of the entire Internet world!"

"In this mobile phone ecosystem, we are the gods of this world!"

"We can not only sell advertisements, but also close the ecological loop within us!" "Everything we eat, wear, live, and travel has corresponding apps!"

"We can even collect taxes in this smart ecosystem!"

"In the later stage, we will cultivate a large number of this related usage ecology, and then this usage ecology will feed back to our smartphones, bringing traffic improvement and influence to our mobile phone matrix!"

The more he talked, the more excited Gao Huaijun became!
The APPs created by Pingguo Company in later years are very profitable. If your Mate series is strong, you can actually do it!

Taking this piece off is far more profitable than making hardware.

Pingguo accounts for more than 80% of the profits in the mobile phone industry, not just because its fruit machines are expensive.

This section is a very important factor.

Just as he was initially optimistic about the development of the MP3 business, Gao Huaijun showed his unparalleled enthusiasm for the Mate series of mobile phones with an almost decisive attitude.

Merlin's investors looked at Gao Huaijun in shock.

In fact, they have seen a lot of operators, including those who make medicine, some who make Internet, some who make cosmetics, and some who make e-commerce.

However, there is no one in this group of people who can draw cakes better than Gao Huaijun!

In their eyes, Gao Huaijun became an extreme paranoid!
Ah!
Paranoid like Jobs!
Perhaps, only such a fanatical paranoia can produce such excellent works.

Tang Yuan, who was sitting aside as an audience, also looked at Gao Huaijun in shock.

In their 20s, other rich second generations don't know what to do in their lives, while a small number can only maintain their family business conscientiously.

Where is Gao Huaijun?

A promising young man has now become the C-position core figure in a large-scale financing negotiation meeting, and is guiding the country with a group of big bosses from large investment banks. This kid is about to embark on the fast lane of life!

The gap between people is really too big!
At this time, Andrew Francis, who was sitting next to him, couldn't help but frowned and said, "Mr. Gao, in Internet technology, simplicity means complexity! Maybe I have a different view from you on the prospects of smartphones. I think The current ecology of this product is not mature, and the ceiling of smartphones is now easy to touch, and it is purely a product that serves the primary Internet form, and it will be eliminated sooner or later!"

"And the sales volume of several mobile phones in the Mate series of Hillhouse Technology also explains everything!"

"The best product has a sales volume of only 100 million units!"

Gao Huaijun waved his hand, "Smartphones are still in the process of mutual adaptation of application models. This does not mean that if you release one or two wonderful products, you can immediately reverse the trend."

"And wait until this product matures and other competing products start to follow up accordingly."

"Then it will have huge potential in gathering traffic! With it, we can even play a very new thing, big data! Using big data, we can control millions or even tens of millions of Internet users every day , tap their consumption potential!”

“Actually, there are very, very few applications of big data in the world!”

"Everyone actually has thousands of labels. We need to find these labels, and then grasp the core parts, directly hit the consumer's consumption core, penetrate the user's mind, and let the customer be displayed in front of you! "

"They will watch and play whatever you recommend to them. If you use this traffic entrance and provide in-depth services, you will definitely be able to stir up the entire electronic technology industry!"

"Actually, electronic technology, the Internet, etc., are all interoperable. We have to play and not play with things that are too simple and crude."

"It is not easy to find a customer who is loyal to our brand! So we need a second return and multiple harvests! Developing a high-level closed-loop ecology is a good cornerstone for the development of an enterprise!"

Traffic is gathering!

Big Data!
Label!

In-depth service!

Multiple harvests!

Closed loop ecology!
They were so shocked today that they were a little numb!

Although the big guys at Merlin Securities knew these words, the meaning and depth they expressed when combined were the first time they had seen them!

Those who work in finance are masters of concepts.

Today, this good guy was given a lesson by Gao Huaijun.

Now it seems that today they are not here to negotiate financing, but to learn!

It's a hell of a life!

Tang Yuan looked at Gao Huaijun's performance and couldn't help but give him a thumbs up.

Too much!
"Interesting! Interesting! I like this kind of operator. Let's do this. We, Merlin Securities, purchase 25% of the equity at a PE of 10 times, which is a comprehensive valuation of 125 billion. This is a technology stock, not a manufacturing stock. PE! This condition is quite favorable. You have to understand that no one in China can price an electronic technology company like us. I really treat you as a Silicon Valley-style high-potential company for investment! "

"The more important point is that we only do pure financial investment. We don't point fingers like Gao Sheng. In this regard, we are the most sincere among all quotation companies!"

John Tyne said seriously.

Merlin Securities made a bid!
Comprehensive valuation of 125 billion yuan!
Don't think Gao Sheng also paid a similar price.

It comes with a bunch of conditions, and it’s not that simple to get it!
This also shows the sincerity of Merlin Securities.

This means that they believe that Hillhouse Technology had sales of 2008 billion yuan in 25, which is 5 million yuan higher than Gaosheng's quotation!
In other words, they spent nearly 13 billion yuan to acquire 10% of Hillhouse Technology's shares.

This is very rare in the history of electronic technology in China!

Moreover, according to the underlying rules, Gao Huaijun, as the actual controller, can directly convert 1.5 million yuan into cash as exit money for free use. This means that even if Gao Huaijun quits immediately, he can still live a good life with this money. Very comfortable life.

Now, as long as he opens the mouth of Chrysostom, Merlin Securities can give him his wife, oh no, the life of a billionaire!

Everyone looked at Gao Huaijun, and even Tang Yuan couldn't help but be jealous of him. If there were no accidents, he would probably never make so much money in his life.

The starting line is your PLUS version of the finishing line. How can you work hard in this life? Are you angry?

Seeing that John Tyne stopped talking, everyone looked at Gao Huaijun!
(End of this chapter)

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