Perfection of Rebirth

Chapter 199 Venture Capital
In the past six months, Xiaonei.com has also attracted the attention of many investors when it has rapidly become popular in the Chinese Internet industry.But at the beginning, everyone was still observing whether this is a company worth investing in.When it was time to make a move, Guanghui Technology continued to obtain various funds from Penguin, Du Niang, etc. It was obvious that I was not short of money now.It looks like, Xiaonei will definitely not pay much attention to sending money at this time.

Originally, I thought that when Xiaonei's funds were almost exhausted, I would appear as a savior, so that I could get the shares I wanted smoothly, and I would brush up my gratitude.But it seems that the later it is, the less money Xiaonei will have.The several investment institutions that had formed a tacit understanding before couldn't sit still. Seeing that they seemed to have missed the best moment to enter Xiaonei. Who knows if the situation will get worse if they wait longer?

The first to break the balance was Softbank. The person in charge of Softbank Tianchao first contacted Tang Wenwen and expressed his intention to become a shareholder of Xiaonei.com.

Softbank Tianchao Venture Capital Co., Ltd. is Softbank's investment institution in Tianchao, affiliated to Softbank International Venture Fund, and is an important part of Softbank's global strategy.Softbank Tianchao Venture Capital Co., Ltd. Fund is committed to assisting outstanding entrepreneurs in China (including Hong Kong, Macau and Taiwan) to jointly create world-class high-tech enterprises.Bring the enterprise into a SoftBank family consisting of more than 300 invested high-tech enterprises all over the world.The company is interested in high-tech companies in various stages of development, including outstanding companies in wireless, broadband, Internet, IC design, digital media, computer hardware and software industries.

In fact, Jiang Hui is not against financing, but it is worth discussing when and on what terms.

After receiving the report from Tang Wenwen, Jiang Hui planned to call a meeting of all shareholders to discuss financing.In fact, Jiang Hui is the absolute majority shareholder of the company, and no one else can do anything about making the decision alone, but for the sake of long-term consideration, it would be better to discuss it with everyone.

The current shareholders of Xiaonei.com are Jiang Hui, Li Xingping, Fang Dawen, Tang Wenwen, He Ling, Bai Xue, Lu Yang, Chen Hu, Zhu Zhengfeng, Dai Fuqian, Tang Minghua, Xiang Weiwei, Li Shigui, Yang Yan, Lin Zhen, Shan Yu, Liu Chujing, etc. Seven shareholders.

Except for Bai Xue who usually does not participate in the affairs of Xiaonei, and Li Xingping who is far away in Lingnan, everyone else attended the meeting on time.The meeting was held as scheduled in the large meeting room of the intranet on the [-]th floor of the Science and Technology Building.

"Many people have heard the topic of today's meeting. It has been almost half a year since the establishment of Xiaonei. The rapid development of the company in the past six months is inseparable from everyone's efforts, and now it has finally achieved some results. He Ling, first Let me explain the company's financial situation to everyone," Jiang Hui said.

Since it involves financing, everyone must be very concerned about the company's financial situation. Jiang Hui simply asked He Ling, the head of the finance department, to introduce the company's financial situation at the very beginning of the meeting.

"Hi everyone, the current company's profits mainly come from the following items. The biggest one is the income from "Fishing Game". The average daily income is about 150 million. Excluding the share of the brilliant game, the online game in the school is 150. The income of 2000 yuan is equivalent to 300 million yuan per month. The next major income is "Happy Farm" and other products produced by several other glorious games, which can bring about 200 million yuan in revenue to the company every month. Recently The initial advertising business also brought more than 700 million revenues to the company. However, since it is still in the water testing stage, in order not to cause a decline in user experience, this is not a lot for the time being. The remaining part is profitable for third-party plug-ins Commission, this part also brings more than [-] million income to the company every month. In general, the company's income in the last month is about [-] million." He Ling directly reported the corresponding The statistics are presented one by one, and it can be seen that she has put in a lot of effort in order to be the finance minister.

"Then after talking about the income, let me briefly introduce the company's situation. First, the company repaid Guanghui Technology's 2000 million loan this month, and then the office decoration and office supplies purchase expenses were about 300 million. The above two items are relatively special expenses in the last month. In addition, the additional server investment cost another 500 million; monthly personnel salary and other expenses need more than 70 yuan, and other daily business trips and other reimbursement expenses are more than 30 yuan. Basically, the company still has about 800 million funds remaining, and the above is the company's current financial situation," He Ling said.

"Just now He Ling introduced the company's financial situation, and now the development department will introduce the company's ongoing development projects," Jiang Hui said.

After Jiang Hui finished speaking, Development Minister Chen Hu pressed the microphone in front of him and began to introduce the company's development situation to shareholders.

"According to Mr. Jiang's deployment at the beginning of the year, the development department is making every effort to promote the following projects. First of all, the flea market, video upload area, everyone's complaints and group buying business have been successfully launched. According to the company's deployment, some projects will soon be established as independent Then came the anchor, the recruitment module and the development of the campus library module. These three businesses are being promoted in an orderly manner. It is expected that they will be gradually launched on the campus network in the near future according to Mr. Jiang’s deployment.” Chen Hu said.

After Chen Hu finished speaking, Jiang Hui asked Lu Yang, director of the marketing department, and Yang Yan, director of the international department, to introduce the market share of Xiaonei.

"The number of registered students on Xiaonei.com in mainland China has exceeded 900 million. Basically, more than 60.00% of college students have joined. The rest of them have not registered. According to the survey of the marketing department, it is mainly caused by the inconvenient access to the Internet. With the further acceleration of Internet popularization and the increase of computer penetration rate, it is believed that by the end of this year, 80.00% of the students will use the school intranet,” said Lu Yang, director of the marketing department.

"Some time ago, Xiaonei.com launched a Korean version. Taking this opportunity, the number of international users of Xiaonei.com exceeded 100 million. Among them, island countries had the largest number of registered users, reaching 60. Compared with the proportion of domestic users, Xiaonei.com has The number of international registrants is still relatively small, and the International Department will further increase the publicity of the website in island countries and other places. At the same time, the International Department will further launch the Russian version of the Xiaonei website with the cooperation of other departments of the company, and further Increase the number of international users," said Yang Yan.

After half a year of development, the registered number of Xiaonei finally broke through the 1000 million mark.

(End of this chapter)