My son is a reincarnated soul; I overheard his inner thoughts and became the richest man.

Chen Feng quickly calculated his current financial situation in his mind...

Legendary Network just received over 39 million in its account, and with the previous surplus, it has a total of over 40 million.

Although Fengtian Technology's initial sales were a huge success, the funds still need to be used to pay for goods and expand its directly operated stores, so it cannot allocate too much capital at the moment.

Although the internet cafes generate several million yuan in revenue each month, it's still a drop in the bucket.

"All things considered, we currently have around 50 million in cash available."

Chen Feng secretly calculated, "There's still a shortfall of over 20 million to reach 72 million."

"However... this gap is nothing."

A glint of light flashed in Chen Feng's eyes.

At Legend's current rate of money printing, the funds will be returned in just one month.

If all else fails, you can negotiate installment payments with Yingke or find a bank to provide a bridge loan.

If you can't eat such a big piece of fatty meat that's offered to your mouth, that would be truly foolish.

Having figured all this out, Chen Feng said into the phone, "Mr. Ma, could you please arrange a meeting with Yingke for me? I have great confidence in Tencent's future, and I'm open to buying it as long as the price is right."

"Okay! I'll contact them right away and let you know when we arrange a time."

Ma Huateng readily agreed.

For him, it was obviously much better to have Chen Feng, a knowledgeable and supportive "insider" of the company, increase his shareholding than to sell the shares to unfamiliar foreign investors.

After finishing his call with Ma Huateng, Chen Feng called over his deputy, who was in charge of the internet cafe company.

"Manager Liu, how much readily available cash does the company have in its accounts right now?"

Chen Feng got straight to the point and asked.

Manager Liu was promoted by Lin Wan and is very steady in his work.

He glanced at the ledger in his hand and replied, "Mr. Chen, the internet cafe company currently has about 4.7 million in its accounts."

"Mainly because we recently opened two new branches in Guangzhou, and we also upgraded the hardware of the old store, which cost quite a bit."

"Four million seven hundred thousand..."

Chen Feng nodded, silently making plans in his mind.

With the 40 million+ in Legend Network's account and the several million in payments just received from Fengtian Technology, he could scrape together around 50 million in cash.

There is still a shortfall of more than 20 million.

"Let's halt the expansion of internet cafes for now."

Chen Feng instructed, "I need to be prepared to allocate funds at any time."

"Okay, Mr. Chen."

Although Manager Liu didn't know what big deal his boss was planning, he carried out the order without hesitation.

For Chen Feng now, the profits from internet cafes are indeed not enough.

Back in 98 or 99, when internet access cost five yuan per hour, that was indeed a huge profit.

But now internet cafes are springing up everywhere, and price wars are raging, squeezing profit margins very thin.

Although it can still contribute several million in net profit each month, it is only a drop in the ocean compared to a money-printing machine like "Legend of Mir".

......

The next morning, Chen Feng flew to Shenzhen again.

This meeting was arranged at Penguin's new headquarters.

With the funding secured, Tencent finally left the dilapidated SEG Technology Park and moved into a slightly more decent office building.

While it's not exactly luxurious, it's at least spacious and bright, giving it the appearance of a proper internet company.

The number of employees has expanded to more than twenty, and everyone's face is filled with anticipation for the future.

"Mr. Chen, welcome, welcome!"

Ma Huateng, accompanied by several founders, greeted them at the door with broad smiles. "Shall we show you around our new home?"

"Not bad, it's starting to look like a big company."

Chen Feng smiled and nodded, casually offering a compliment.

After exchanging pleasantries, the group went to Ma Huateng's office.

"Mr. Ma, what's Yingke's attitude? Have they loosened their stance on valuation?" Chen Feng asked.

Ma Huateng shook his head: "They're sticking to their guns. After all, you just acquired IDG's shares at a valuation of 50 million, and it hasn't even been a month. They're unlikely to lower the price."

"and..."

Ma Huateng lowered his voice, "I heard that the 'Little Superman' is currently planning to acquire Hong Kong Telecom and urgently needs a large amount of cash. So their willingness to make this move is very strong, but they have very strict requirements regarding the payment time."

"Oh? I see."

Chen Feng suddenly realized.

He said it himself: why would someone as shrewd as Richard Li suddenly be in such a hurry to sell his Tencent shares?

It turns out that this was to raise ammunition for the merger and acquisition deal.

This gave him an opportunity.

The other party urgently needs money, so price may be difficult to negotiate, but as long as the money is readily given, everything is negotiable in terms of the transaction process.

The next afternoon, representatives from Yingke Digital arrived.

A senior vice president arrived, but Li Zekai himself was not present.

This was to be expected; a small business worth tens of millions wasn't worth the Little Superman making a trip in person.

The negotiations went surprisingly smoothly.

Because of the precedent of the IDG deal, the two sides did not have much disagreement on valuation.

After a symbolic negotiation, the final valuation was set at $54 million.

Based on this valuation, Chen Feng would need to pay US$972 million, or approximately RMB 78 million, to acquire all 18% of Yingke's shares.

"Mr. Chen, we can accept the price."

The Yingke representative looked at Chen Feng and said in a serious tone, "However, we have one condition: this payment must be received in full within ten days."

"Ten days?"

Chen Feng frowned slightly. "Isn't this timeframe too tight? After all, it involves foreign exchange transfers, and the process takes time."

"President Chen, this is a direct order from headquarters."

The other party was adamant: "We need these funds to operate other projects. If the funds cannot arrive on time, this transaction will have to be cancelled."

Chen Feng considered it in his mind.

Seventy-eight million. Although ten days is a bit tight, it's not impossible to solve.

"Okay! Ten days it is!"

Chen Feng slammed his hand on the table and immediately made the decision, "Let's sign the contract!"

After signing the equity transfer agreement, Chen Feng flew back to Shanghai from Shenzhen without stopping.

June 2th, morning.

Office of the General Manager of Fengtian Technology.

"Mr. Lin, how have our MP3 sales been while I was away?"

Chen Feng had just put down his briefcase when he got straight to the point and asked.

Lin Wan was clearly prepared and immediately opened the report in her hand to report: "President Chen, as of yesterday, the total sales of the F1 and T1 products have exceeded 16,300 units."

"In addition to the nearly 4,000 units sold on the first day, there was also a small peak on Sunday the 29th, with daily sales reaching around 4,600 units."

"The following week was a weekday, and the heat subsided slightly, with daily sales stabilizing at around two thousand units."

Lin Wan pointed to the pie chart and continued her analysis: "Of these 16,000-plus units, the high-end F1 models accounted for 19%, which is about 2,900 units sold."

"T1 remains the mainstay, and interestingly, the 256M version sold 36% more copies than the 128M version."

"The finance department calculated that since the listing, the total revenue has reached 25 million, and the net profit is about 7.3 million."

After listening, a hint of approval flashed in Chen Feng's eyes.

In less than a week, the profit exceeded seven million.

Although sales will likely plateau after the initial launch bonus is exhausted, conservatively speaking, it shouldn't be a problem for profits to exceed 20 million in the first month.

"very good."

Chen Feng tapped his fingers lightly on the table and quickly made a decision: "Withdraw seven million in profits from the accounts and transfer it to my personal account. I need it urgently."

"The remaining working capital should be enough to pay the suppliers' payments due next week, right?"

Fengtian Technology is still in its early stages, and its reputation is still being built. Suppliers are offering very short payment terms. Chen Feng needs to set aside enough "money to get through the crisis."

"That's enough, Mr. Chen, don't worry."

Lin Wan agreed readily. As a professional manager, she never inquired about where her boss's funds went.

Next, Chen Feng inquired about the joint brand project.

Lin Wan stated that the new packaging featuring the images of warriors, mages, and Taoists from "Legend of Mir" has been fully stocked.

As soon as the game company sounds the call, this batch of co-branded products with "lottery codes" can be immediately distributed to ten directly operated stores nationwide.

After settling things over here, Chen Feng went downstairs to Legend Network.

The situation is more optimistic for Su Qing.

As a true cash cow, Legendary has a staggering 46 million in available funds in its accounts.

Without saying a word, Chen Feng immediately ordered all of them to be redeployed.

Since the game operates on a top-up-before-you-spend model, the cash flow is extremely healthy. Even if the accounts are emptied, a steady stream of prepaid card revenue will come in within a few days, without affecting operations at all.

Chen Feng silently did some calculations in his mind.

The legendary 46 million, plus the 7 million from Fengtian Technology, and another 4.5 million squeezed out from the internet cafe company.

The total amount of cash on hand reached 57.5 million.

There is still a shortfall of more than 20 million.

"Looks like I'll have to ask the bank for help."

......

Two days later.

Chen Feng met with the heads of the credit departments of Pudong Development Bank and China Merchants Bank.

Backed by the phenomenal revenue of "Legend of Mir," two banks vied to lend to it, offering very generous loan amounts.

Ultimately, Chen Feng chose Shanghai Pudong Development Bank, which offered a more favorable interest rate, and borrowed 30 million RMB.

In fact, the bank was even willing to grant him 50 million, but Chen Feng refused.

In business, leverage should be moderate.

Aside from the one-time large expenditure of acquiring shares, his companies themselves have extremely strong cash flow generation capabilities.

Internet cafes are guaranteed to make money, and gaming is even more lucrative.

As for Fengtian Technology, Chen Feng had no intention of engaging in any kind of leapfrog expansion.

MP3 players, as digital products, currently have a user base mainly concentrated in first- and second-tier cities. Taking too big a step could easily backfire.

First, establish a solid brand foundation, and then plan to penetrate lower-tier markets.

Funds have been secured.

Without any hesitation, Chen Feng immediately converted 78 million RMB into US dollars and transferred the money to the designated account of Yingke Digital.

With this, Penguin's 18% stake was firmly in their hands.