Reborn in 08, a heretical cultivator starting a business

Chapter 88 The Attitude of the Investment Circle: Kaixin001 Is About to Rise to the Top

If you do the math, YouTuan International has sold nearly 10,000 iPhone 3G units in the past few days!
Isn't that a profit of 30 million?

Although it's a gray industry, it's still a source of real money!

Investing, to put it nicely, is like providing timely help; to put it bluntly, it's like profiting from someone's misfortune!

While you're short of money, use low cost to secure your bright future.

But right now, YouTuan Technology has 50 million in its account, so it's not short of money at all!
How can we take advantage of the chaos, or rather, how can we invest?

Huo Siying frowned.

"Of course, no company would turn down money. If Tencent can offer a very satisfactory price, Mr. Wang said that he could give Tencent some shares," Tang Jinghe said leisurely.

What kind of valuation?

Huo Siying's heart skipped a beat; she had a bad feeling.

They're going to make an outrageous demand!

“7 million!” Tang Jinghe said.

"???"

"Only 7 million? That's fine, no problem!"

Huo Siying readily agreed, but Tang Jinghe across from her remained unmoved and softly uttered two words: "US dollars!"

"???" Huo Siying was completely dumbfounded: "Are you kidding me?"

"The boss said that YouTuan Technology is worth the price, and he hopes that President Huo will give it serious consideration!"

Tang Jinghe said calmly, but inside she was panicking.

A valuation of $7 million? Not only does Tencent not agree with it, but even she herself thinks it's unrealistic!

"I'll think about it for a second!"

Huo Siying couldn't help but swear.

I gave you a valuation of 6 million RMB, and you asked for 7 million USD!
Isn't this a joke?
She felt it was worth negotiating if the other party quoted 8 million RMB or even 10 billion RMB.

But 7 million US dollars is nearly 50 billion RMB!

That's way too bad!

Paipai.com currently has an annual transaction volume of 50 billion yuan, which translates to a valuation of only 8 million US dollars!
U-Tuan Technology has only been established for two months, so what makes them dare to ask for 7 million US dollars?
joke!

"Mr. Huo, our boss said you're probably angry now, but in two months, you'll realize that YouTuan Technology is worth the price!"

"Oh? Two months later?"

Huo Siying couldn't understand Wang Junshan's trick: "Could it be that you have some big plans next?"

"Just wait and see, you won't be disappointed."

"Alright, then I'll wait and see. I hope you can really surprise me!" Huo Siying's expression softened.

"Don't worry, our boss lives up to his name, he's a gentleman as firm as a mountain, and he always keeps his word," Tang Jinghe said with a smile.

'I don't believe you!'

Huo Siying muttered to herself, but said noncommittally, "I hope so."

"Mr. Huo, would you like to stay for dinner?"

"No, I have other companies to invest in."

Upon leaving YouTuan Technology, Ren Hao, the head of the investment department, couldn't help but speak:
"Director, you don't actually believe that U-Tuan Technology has some big plans coming up?"

Huo Siying smiled charmingly: "Who knows? But Wang Junshan has always been unpredictable."

"I earned my first pot of gold by selling winter melons to my classmates."

"I founded YouTuan.com, started campus group buying, and earned my first ten million!"

"Using that 10 million to buy grey market iPhone 3Gs, we launched WeChat + YouTuan International, and made a second 10 million, a third 10 million, and a fourth 10 million by selling grey market iPhones!"

"This is outrageous!"

"I'm so curious what kind of trouble he'll cause with the tens of millions he made from selling iPhones!" "He's a real character!"

Investment manager Ren Hao nodded: "It's quite bizarre. A gentleman as firm as a mountain? Their tactics are downright unorthodox!"

"Even so, it's impossible to raise YouTuan Technology's valuation to 50 billion RMB in just two months. Absolutely impossible!"

Huo Siying nodded: "Definitely not. Based on the current revenue excluding iPhone, as long as YouTuan Technology can maintain its current level, a valuation of 7 million RMB is not a problem."

“Wang Junshan will definitely have some tricks up his sleeve next. If he succeeds again, YouTuan Technology’s valuation can indeed go even higher.”

"But reaching 50 billion is simply unrealistic. However, reaching 10 billion is still hopeful."

"Overall, this trip to the coast was not without its merits."

"If YouTuan Technology surprises us again and reaches a valuation of one billion within two months, I wouldn't mind investing in it!"

“Especially our boss, who is keen to develop the social networking sector, but cannot openly contradict the QQ business unit. Investing in YouTuan Technology and secretly supporting WeChat is a very good way to do so.”

Ren Hao suddenly realized: "So, investing in YouTuan Technology is a done deal? All that's missing is the valuation!"

"You can say that."

Huo Siying sighed: "What our boss has his eye on, he can't possibly miss. It's just that the valuation difference is too big."

“He wanted a valuation of 5 billion, which we thought was a joke, and no capital firm could accept it.”

"News has been released that YouTuan Technology is seeking a valuation of 5 billion!"

Ren Hao's eyes lit up: "What a brilliant move, killing two birds with one stone! Not only can it deter other investors, but it can also make YouTuan Technology face reality, lower its valuation expectations, and accept our investment!"

"I'll make arrangements right away."

Soon, the deputy director of Tencent's e-commerce investment department personally came to YouTuan Technology to discuss investment. The news that Wang Junshan was arrogantly running away and still demanding a valuation of 5 billion yuan spread in the investment circle, quickly causing a huge uproar.

The Alibaba investment team, which is currently en route, has also received the news:

"Tencent has already acquired YouTuan Technology? That's quite a quick move."

"But YouTuan Technology is asking for a valuation of 50 billion? Isn't that a joke?"

"Forget it, let's go back first. The price difference is too big, we can't reach an agreement."

“Yes, according to the data from Alipay, YouTuan Technology’s daily turnover has recently reached 20 million RMB, but most of it comes from selling iPhone 3G phones, which is meaningless. Our highest valuation for YouTuan Technology is 700-1 billion RMB, but they want 5 billion RMB, which is simply a joke.”

"Exactly. Although Alibaba needs to develop social networking, WeChat focuses on close-knit social networks, which has a limited ceiling and is not worth the price. We'll talk again when they realize the reality and lower their valuation expectations."

Baidu headquarters.

"You don't need to go to YouTuan Technology anymore. They want a valuation of 5 billion. They really don't know their own limitations."

"Hehe, young people starting businesses? They're always too idealistic, probably even factoring in the revenue from grey market iPhones."

"It seems so, but they'll soon see reality. No one can accept a price of 50 billion!"

"Yes, let's give them a break for now and talk to them again once their valuations return to reasonable expectations."

Kaixin.com CEO Chen Ruihao also had a complicated expression:
"Wang Junshan is truly young and arrogant. Tencent's e-commerce investment department is optimistic about vertical e-commerce and offered money to them, but instead of being grateful, they asked for a huge sum of 50 billion!"

"They've gone mad, they've really gone mad."

"If Kaixin001 can be valued at 500 million, I'll be thankful!"

"Comparison is the thief of joy!"

"President, this is a once-in-a-lifetime opportunity for Kaixin.com!" said Qiao Feisong, the marketing director, with a smile.

"Oh? What do you say?"

"President, Wang Junshan is asking for a valuation of 5 billion, and no investment firm can accept that!"

"If the iPhone 3G doesn't sell well and no one invests, then WeChat and YouTuan International will be finished in no time."

"And our Happy Mall can seize this opportunity to rise to the top!"

"Grab U-Tuan International's users! Traffic! Orders! Profits!"

"To grow bigger and stronger!"

(End of this chapter)