Those Years When I Was Forced to Top the Forbes List

Chapter 228 Shunwei Venture Capital
The next day, the weekend.

The Anhui Daily published news that BOE's factory construction had officially started.

This news simply means that the positive news of BOE signing a contract to build a production line in March has been realized. In fact, the stock price had already risen in March, so the positive news had already been priced in and it did not cause much of a stir in stock forums.

However, given that BOE's stock price is currently at a low level, and this news was released over the weekend, it stirred up emotions for a day. On Monday morning, BOE's stock price still experienced a small surge, rising by 4 percentage points to reach 2.68 yuan.

However, both groups simultaneously sold off their shares, quickly pushing the price down to 2.56 yuan. After that, the price fluctuated around this level, resulting in a stalemate.

This time, shareholders reacted, questioning what was wrong with BOE. During a period of good news, the stock price actually fell from more than three yuan to more than two yuan. It's already the second quarter, but last year's annual report has not been released yet, citing technical issues. Is there something wrong?

Some even suggested that the China Securities Regulatory Commission (CSRC) should investigate BOE Technology Group.

However, the China Securities Regulatory Commission (CSRC) has always focused on controlling price increases rather than price decreases, so this argument is simply out of reach.

Those in the know were secretly brewing the atmosphere of a major battle.

While facing off against Fang's head coach Chen Xuebing, he was leisurely playing tennis in Shenzhen.

suddenly!
A fair-skinned figure leaped up and intercepted the ball at the net.

The heat of Shenzhen has returned. Today, Yang Qingyue is wearing a blue pleated skirt that goes past her knees, but her jade-like calves still firmly attract Chen Xuebing's attention.

Chen Xuebing was distracted while watching his leg and caught off guard, allowing the ball to be stolen to the back row.

"Not bad! You've improved."

Chen Xuebing praised Yang Qingyue, then walked to the sidelines, put down his racket, and took a sip of water.

"Mr. Lei, I'll take a break. You can play."

"I'm not playing anymore, Xiaopeng, you go play." Lei Jun waved to the young man sitting next to him, and gestured to Chen Xuebing with his eyes: sit down and chat for a while.

He Xiaopeng is actually not young anymore, he will soon turn thirty. A sharp glint occasionally flashes in his eyes, but when he sees that the two investors are about to talk, he immediately smiles, says "Hey," gets up to give Chen Xuebing his seat, and runs towards the court.

"How's the company's IPO going?" Chen Xuebing asked with concern as he sat down.

Chen Xuebing would occasionally call Lei Jun. Kingsoft had been trying to go public for seven years and had failed four times, so it was destined not to have a very successful outcome, but he still encouraged Lei Jun every time.

Setbacks are also a way to grow rapidly. Moreover, not everyone can experience the setbacks of listing on the Hong Kong Stock Exchange. This is a valuable experience that should greatly enhance Lei Jun's ability to make value judgments.

The male protagonist of this wish-fulfillment novel has lost a lot of weight recently, and his appearance has already proven that he is going through a difficult time. He pursed his lips and shook his head, not wanting to talk about this topic, and raised his chin in the direction of He Xiaopeng.

“I investigated for several months. At first, things were going well, but now they’ve gone astray. They’re not focusing on product development anymore; they’re only interested in partnering with China Mobile. I visited their company once. Out of a team of a dozen technicians, only three were doing maintenance. The rest were working on projects, developing installation software for China Mobile. They’re saying the China Mobile project is worth tens of millions. They clearly had the potential to become the next Google project, but now they’re obsessed with money.”

China Mobile is not only a mobile operator, but also sells mobile phones. It has many contract phones and has also developed value-added software services, such as Fetion, Caiyun, Weather, and 139 Mail.

Among them, the Fetion software almost stole Tencent's luck.

It's true that China Mobile, a giant in the industry, is surprisingly incompetent in this regard. Despite its massive size, it has failed to gain a foothold in the mobile software market, even as a referee.

Chen Xuebing chuckled, appearing much more relaxed than Lei Jun: "What do you plan to do?"

“Let’s chip in and give him ten million. We’ll adjust his direction, let him sell the software project and focus on making products.”

“Okay,” Chen Xuebing readily agreed.

According to the original timeline, Lei Jun invested 400 million yuan in He Xiaopeng in 2006. Later, through several rounds of financing facilitated by Lei Jun, Alibaba gradually got involved and eventually acquired UC for 50 billion US dollars.

This is a project that can make a lot of money. Even though Chen Xuebing is so busy, he still made time to come to Shenzhen for it. An investment of several million or ten million is definitely worthwhile. However, UC's success is inseparable from Lei Jun's leadership. It's not like you can just throw money in and expect UC to succeed in the same direction as in the previous life. So when Li Xueling introduced UC to him, he first brought Lei Jun in to listen to the project together, and then waited for Lei Jun to come to him.

Now that Lei Jun's motives have become clear and the time is ripe, Chen Xuebing readily accepted.

"But I don't have time to deal with it, you take care of it."

Lei Jun frowned deeply: "I'm busy too. Their company is in Shenzhen, how am I supposed to manage it?"

“Then let them go to Beijing.” Chen Xuebing said, then a thought flashed through his mind: “Actually, I also have a few private internet projects. They’re pretty good, but I’ve been too busy lately and haven’t had time to guide them. How about we cooperate and set up a startup incubator in Zhongguancun? You can assemble a management team, bring these projects in, and invest in and manage them together. What do you think?”

Lei Jun pondered for a moment and said, "Our two projects have different investment ratios, so how can we jointly manage them?"

"The main purpose is to guide young people who have no prior experience in starting a business, as well as to provide resources for subsequent financing of projects. Aren't UC and YY both collaborations between the two of us? How many other projects do you have? Bring them all in, no matter where they are from. The team will come to your door to provide guidance, and I will cover all the management fees."

Chen Xuebing is now full of demands and speaks very openly.

Hu Li's iQiyi, Xu Yunfeng's "Romance of the Three Kingdoms", and Cheng Danting's online registration platform all occupy advantageous resources, but none of the three have market experience. Chen Xuebing has already invested money and provided ideas, so it's impossible for him to teach them step by step how to acquire customers, how to scale up, and how to attract investors.

Even if he's going to spend money, he should at least spend it on the right things.

Lei Jun is a seasoned investor, a master of individual investment, with extensive experience in guiding startups and a wide network of contacts. Having him form a team to provide guidance is the perfect fit.

This is a functional company. In the future, he can just send his projects to them directly, which will save him a lot of trouble and may even increase the success rate.

In addition, Lei Jun has invested in quite a few successful projects, and Chen Xuebing also wanted him to put all the projects he had in his hands into this basket so that he could pick and choose and find some bargains.

As for his projects, Lei Jun can invest if he wants. It's difficult for a lone person to succeed, but it's easy for many to achieve the same goal. He wants to monopolize the profits, but the internet environment doesn't allow it.

Lei Jun hesitated for a long time before finally saying "uh".

"No, not really. I have two other projects here, and after Kingsoft goes public, I plan to withdraw from being an angel investor."

Chen Xuebing naturally knows his background very well. After leaving Kingsoft, he worked as an investor for several years before founding Xiaomi, during which time he also served as the chairman of UC for a period of time.

Lei Jun's tone at this moment also seemed to be a mix of reluctance and welcome.

Of course, it's not about the management expenses, but rather that Chen Xuebing's recent development has been rapid, and his financial scale has far exceeded his. If the two of them cooperate, his project might benefit from the financing stage.

Both harbored their own schemes and were eyeing each other's resources.

"It's alright." Chen Xuebing waved his hand. "What other projects do you have? Tell me?"

"There's Lexun.com, which is a mobile community platform, and Lakala, which is an electronic billing service platform."

Chen Xuebing thought to himself, "Damn it!"

I found money as soon as I set off.

Lakala, isn't that the king of POS machines?

This is a fantastic tool for cashing out credit cards!

He was still using it before he was reborn.

"How about this, I'll put some money into both of them for you."

Lei Jun raised an eyebrow: "Really? Their development is still just average, but Lakala has signed a contract with UnionPay to launch a convenient service."

Chen Xuebing raised his hand, his expression utterly sincere.

"No need to say more, saying more would only show my distrust of you. I absolutely trust your judgment."

Lei Jun was somewhat moved, and he made a decision regarding the company's affairs.

"That startup factory is too childish. How about calling it Shunwei Capital?"

"Huh?" Chen Xuebing was taken aback. "Let's go with the flow, Shunwei Ventures. We'll be the two of us as founding partners, with independent funding. We can bring in some investors as partners later. If there are any good projects, we can discuss them together. Everyone can invest individually. After investing, we can select people from within the company to organize teams and follow up on projects. If the funding needs are large, we can all invest together. What do you think?"

"."

Chen Xuebing originally wanted to start a project management company, which would only require two people.

I never expected Lei Jun to start a venture capital partnership.

He even has a private equity fund.

However, Lei Jun has already brought up the name Shunwei.

In his previous life, Shunwei Capital was Lei Jun's main investment base.

Oh well, private equity deals with short-term, large projects, while venture capital deals with long-term, small projects; they don't interfere with each other.

"A partnership model for co-investing in projects?" Chen Xuebing asked to confirm.

Lei Jun was surprised. This model was quite novel. He thought he would have to explain it to Chen Xuebing, but Chen Xuebing hit the nail on the head.

"Yes, the company only needs an initial fund for talent and facility construction. We can contribute this money together and put our respective projects into it. We will operate on a project-by-project basis. The person who participates in the management of a project will receive a commission from that project. One person can participate in multiple projects at the same time. By doing this, we can attract a large number of proactive, confident, and willing management talents to help us manage projects."

Chen Xuebing listened with some emotion, realizing that professionals always handle things in a more complex way.

It may be complex, but it also has many advantages.

Doing it this way is incredibly convenient.

They don't need to invest too much money, and the management team's main income comes from projects, so they will definitely work hard and at the same time find good projects to show them.

"Alright, but too much disorganization won't do either, as it can easily lead to internal competition. Let's leave some room for managers: 5% of everyone's project profits will be retained for company expenses or to give the team extra bonuses to enhance cohesion. What do you think?"

Lei Jun immediately nodded: "Okay, but isn't 5% a bit too little?"

Chen Xuebing wanted to say something, but after a moment of composure, he simply said, "That's absolutely enough."

"Ok."

A tennis match typically consists of six games, and the score was only 5-4 on the other end, yet the two had already become a rising star in the Chinese investment world.

Both of them believed that this was definitely a rising star.

—At this moment in China's investment world, who isn't a rising star?

Fifty percent of them left their names in posterity.

"I won again!"

Yang Qingyue won the match 6-4 and walked over happily. She pointed her finger at Chen Xuebing and fired a shot, indicating that he was also her defeated opponent.

"Impressive, impressive." Chen Xuebing wouldn't argue with a woman over trivial matters.

Lei Jun laughed and said, "Xiao Peng, at crucial moments, you can't give way to Ms. Yang just because of Mr. Chen's face. As the founder, you need to show investors not only a smart mind but also a strong physique."

Perhaps Lei Jun was dissatisfied with He Xiaopeng's lack of focus on product development, as he rarely used a lecturing tone.

He Xiaopeng was a little embarrassed and said in a muffled voice, "I didn't let you. Miss Yang is indeed very capable. I'm not very good at this either. I prefer cycling."

Lei Jun then glanced at Chen Xuebing and said, "Mr. Chen and I have discussed it. We'll each contribute 5 million, making a total of 10 million for you. You'll have a 30% stake. You can withdraw from the mobile project and focus on your UC. What do you think?"

He Xiaopeng was somewhat excited when he heard that a huge sum of money had fallen from the sky.

"Um, let me discuss it with the team," he said, then, as if afraid of missing something, added, "Um, I personally think it's feasible!"

After Ding Lei borrowed 80 yuan, UCWEB has not received any more money. They approached Lenovo Capital, Sequoia Capital, and Lei Jun observed them for several months. They discussed three or four million yuan several times, but nothing actually came of it.

After finally securing a multi-million dollar contract with China Mobile and making a small profit, Lei Jun insisted that Lei Jun sell the contract before he would invest further.

The financing, which had been extremely difficult to secure, suddenly came about today with Mr. Chen's appearance.

Ten million!

Mr. Chen, whom Li Xueling had mentioned many times, was indeed as straightforward as rumored.

Chen Xuebing frowned because Lei Jun hadn't discussed the issue of shareholding with him; he had spoken directly.

It's not that I think the percentage is too low, but the lack of procedures means a lack of attention.

He patted Lei Jun on the shoulder and said, "It's a good project. You need to get involved yourself and give it your full support."

Lei Jun nodded and looked at He Xiaopeng: "Strengthen your backend management system, promote quantitative operations, optimize the code. The coupling is too high, the boundaries of functional modules are not clear, and the responsibilities of functions are not singular, making maintenance very troublesome. You and Liang Jie are graduates of South China University of Technology. You made other people's products so well, but you handed your own product over to others. It shows that you don't value it. Redo it, and I will take a look at it again."

"Okay, okay." He Xiaopeng listened obediently.

Chen Xuebing smiled and said, "Study more outside of work, absorb some new information, and develop product thinking. Don't let money weigh you down too much. We will help you find a solution."

In his eyes, the value of this company is not just UC, but also the future XPeng Motors.

Upon hearing the words of the young CEO Chen, He Xiaopeng, who had been wandering and starting businesses for many years without roots or a place to call home, felt a sense of certainty.

"Okay, thank you, Mr. Chen!"

In He Xiaopeng's eyes, the usually kind-hearted General Manager Lei became a difficult and nitpicky homeroom teacher, while General Manager Chen, who slapped people at the slightest disagreement, left a good impression for the first time.

Seeing that Yang Qingyue was indeed in a good mood, Chen Xuebing's fingers naturally skimmed over her toned lower back, leaving a taut and vibrant touch, before placing his hand on her shoulder.

This set of complicated actions, simply described in Chongqing dialect as "a lecherous old man taking advantage of people," was performed with unparalleled naturalness by General Manager Chen, who had been immersed in engineering reception for many years.

"What do you want to eat this afternoon?"

Seeing that they had reached such a large investment agreement, Yang Qingyue hesitated to speak.

"You guys decide?"

Lei Jun laughed and said, "There are three men here, so ladies go first."

Yang Qingyue then blinked her big eyes and said, "I want to eat hot pot."

Chen Xuebing looked outside: "It's too hot."

"It's okay if I don't eat it," Yang Qingyue said softly.

[Feeling wronged.JPG]

"Alright, alright, hot pot, hot pot." Mr. Chen waved his hand.

Yang Qingyue, a pure and innocent college girl, felt pampered, and her happiness was written all over her face.

There were two people from Chongqing and two people from Hubei here, and they could all eat spicy food, so it didn't matter. However, Lei Jun showed a mocking smile typical of people from Hubei.

Even the fiercest Chongqing men are still henpecked.

(Today's score is 4400, consider it a day of rest)
(End of this chapter)