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

United States?

Lin Wan's pupils contracted slightly, then she suddenly realized: "You want to use someone else's resources in North America to go out to sea?"

"clever."

Chen Feng nodded and said, "This time, IDG took the initiative to approach us. They promised to help us open up sales channels in the United States. We have to use this stepping stone."

"Understood."

Lin Wan quickly adjusted her thinking, but then immediately raised a second question, "Then what's the point of setting up a software department? We make MP3 hardware, isn't it a bit of a leap to get into software?"

"For the moat."

Chen Feng's gaze was deep. "I want to create a supporting digital music platform so that users who buy our devices can conveniently purchase and download songs directly on the platform."

"The European and American markets place great importance on copyright. If we only sell hardware and ignore content, we will eventually be dragged down by various copyright lawsuits. Having our own platform can both mitigate risks and increase user stickiness, which is our core competitiveness."

After hearing this explanation, the confusion in Lin Wan's eyes completely disappeared, replaced by deep admiration.

"President Chen is very insightful; I was too naive," Lin Wan said sincerely. "I'll immediately have HR Director Zhao Cheng handle the recruitment."

"Go ahead and get ready, the guests will be here soon."

......

10:30 a.m.

IDG's inspection team arrived at Fengtian Technology on time.

Wang Jun was leading the group, followed by two assistants in suits.

"Representative Wang, welcome."

Chen Feng stood up to greet him, shaking hands and exchanging pleasantries.

"Mr. Chen, it's nice to see you again. We parted in a hurry last time, so let's have a good chat this time." Wang Jun said with a smile.

After a few polite exchanges, everyone moved to the conference room and took their seats.

Lin Wan sat to Chen Feng's left and took out her notebook to take notes.

"Representative Wang, we're both straightforward people, so let's skip the formalities."

Chen Feng cut to the chase, "Let's get straight to the point."

"Great! I love Mr. Chen's decisive and efficient style."

Wang Jun didn't mince words and went straight to the point, "To be honest, before coming here, I had already purchased your company's F1 and T1 cars at my own expense and experienced them extensively for a week."

The assessment can be summed up in four words: far ahead.

Wang Jun said seriously, "Compared to those competing products on the market that feel very plasticky, Fengtian's products are simply a product of a new era."

"I looked at the data, and F1 tickets are priced at 2699 yuan in China. To be honest, this price is a very high barrier for ordinary Chinese people, equivalent to two months' salary."

"However, if you convert this price to US dollars, it's just over three hundred dollars. For American consumers, that's one or two weeks' salary, making it a completely mass-market consumer good."

"Currently, there are no formidable competitors in the US market. If managed properly, this is a blue ocean market."

Wang Jun's words were very apt, both affirming the product and outlining its broad prospects.

Chen Feng smiled calmly: "Thank you for your high praise, Representative Wang."

"Since both parties agree on the product's potential, let's discuss the substantive issues: what is IDG's valuation of Fengtian Technology?"

Chen Feng leaned forward slightly, looking directly at the other person: "If you can really help Fengtian open the door to the American market, I would be happy to make friends with you, provided the valuation is reasonable."

With the tone set, all that's left is the real game of money.

"Sixty million US dollars."

Wang Jun announced the first figure, his tone somewhat tentative, "This is a relatively reasonable valuation given by our internal IDG team after a comprehensive evaluation of Fengtian Technology's current revenue and market performance."

Upon hearing this, Chen Feng shook his head slightly, a playful smile playing on his lips.

"Representative Wang, this price is unacceptable, even if I did agree, our F1 and T1 teams would not."

"Sixty million US dollars is not even a fraction of our future US market share."

"You may not know this, but just last month, Fengtian Technology's net profit exceeded two million US dollars, and this is just the result of its directly operated stores in ten cities in China."

"Next, we will open 40 directly operated stores nationwide, and doubling sales is a sure thing."

"and..."

Chen Feng leaned forward, his gaze piercing. "If we add the 'MusicBox' global digital music ecosystem I just mentioned, do you think 60 million is enough?"

Wang Jun fell silent.

Although he was a seasoned venture capitalist, he felt a bit of pressure in the face of Chen Feng's highly persuasive and forward-looking grand narrative.

The concept of "MusicBox" in particular is a sexy story tailor-made for the US capital market.

"Seventy million."

Wang Jun added ten million, "That's already a very sincere offer."

"It's still too low."

Chen Feng shook his head again, his attitude resolute. "Representative Wang, let's be frank. Once MusicBox is built, we will have the largest legal digital music library in the United States. What does that mean?"

"This means that we can not only make money by selling hardware, but also earn a steady stream of cash flow through software distribution and copyright operation."

"This is a completely new business model, and it will be the hottest trend in the next decade."

"Once the ecosystem is formed, we will not only be the dominant force in the MP3 market, but also the rule-makers of the digital music era."

Wang Jun was somewhat tempted by what he heard.

As an investor, what he fears most is not high valuations, but missing out on the next multi-billion dollar giant.

"Mr. Chen, the blueprint you've described is indeed very appealing. How about this, could you give us some time to discuss it internally further?"

Wang Jun cautiously made his request.

"Of course, please go ahead."

Chen Feng stood up gracefully. "President Lin and I will go next door for a cup of tea first. You two can chat at your leisure."

......

After Chen Feng and Lin Wan left, the atmosphere in the conference room immediately became lively.

"Mr. Wang, I think this project is a must-invest!"

An assistant exclaimed excitedly, "The concept of MusicBox is so ahead of its time! If it really works, it won't just be a hardware company, it will be a platform giant! It's worth at least 200 million, let alone 100 million!"

Another assistant chimed in, "Yes, the internet is currently experiencing a period of unbridled growth. Whoever controls digital music copyrights first controls the future. Fengtian Technology has hardware as its foundation and software as its moat; this model is too perfect."

Wang Jun nodded, his expression solemn.

"This is indeed a great opportunity. We'll miss this chance if we don't take it now."

"Although the valuation of one hundred million US dollars is high, it is actually not expensive when considering future growth potential."

With that in mind, Wang Jun no longer hesitated and took out his phone to call Xiong Xiaoge, the president of IDG China.

After a detailed report, Xiong Xiaoge's calm voice came from the other end of the phone.

"This Chen Feng is quite interesting. He has a keen eye and a far-sighted plan."

"Since you're optimistic about it, then let's go for it. The highest valuation we can offer is $1.2 million. But we need to try and get as much equity as possible."

"What we want is not just financial returns, but also a voice in the future global digital music market."

Having obtained the imperial sword, Wang Jun felt much more at ease.

"Okay, Mr. Xiong, I understand what to do."

......

Ten minutes later.

Chen Feng and Lin Wan returned to the conference room.

"Mr. Chen, we've discussed it."

Wang Jun looked at Chen Feng with admiration and determination in his eyes, "IDG is willing to accept a pre-investment valuation of one hundred million US dollars."

"We plan to invest $20 million for a 20% stake."

"This is not just financial support, but a full injection of IDG's global resources. We will fully assist Peaktech in building the MusicBox platform in the United States and resolving all issues related to copyright, legal matters, and sales channels."

Chen Feng smiled.

One hundred million US dollars, and twenty million US dollars came in.

This result was exactly what he expected.

"20% is too much."

Although Chen Feng was satisfied, he wouldn't budge an inch, saying, "15%, twenty million US dollars, a 15% stake. That's my bottom line."

"After all, once MusicBox is launched, Fengtian's valuation will double. The current 15% could be worth billions or tens of billions in the future."

Wang Jun was stunned for a moment, then gave a wry smile.

This Chen Feng is truly a master negotiator; he's unwilling to suffer even the slightest loss.

The two sides are once again deadlocked.

Just then, Chen Feng suddenly changed the subject and offered a new bargaining chip.

"Representative Wang, I know that IDG still holds the last 5% of Tencent's shares."

Chen Feng stared intently at Wang Jun. "How about this, let's try a different game?"

"IDG invested $10 million at a valuation of $100 million to acquire a 10% stake in Fengtian Technology."

"At the same time, you will transfer that 5% stake in Tencent to me personally. We will exchange it for shares of Fengtian Technology at the market price."

"In this way, you not only got the ticket to Fengtian, but also got rid of the burden of Penguin, killing two birds with one stone."

Wang Jun was stunned for a moment, then quickly began to calculate in his mind.

IDG has indeed wanted to liquidate its Tencent holdings for a long time, but they haven't been able to reach an agreement on the price. If they could exchange these shares for more promising stock like Fengtian Technology, it would be a decent way to exit their losing position.

"Mr. Chen, this suggestion is quite interesting."

Wang Jun adjusted his glasses. "However, Tencent's current valuation is not low. When you acquired PCCW last time, the valuation was 54 million. Now, more than a month has passed, and I think 60 million US dollars is a reasonable price."

"Sixty million?"

Chen Feng smiled and didn't haggle. "Okay, let's go with 60 million. 5% of the shares is worth 3 million US dollars."

"So, IDG has invested a total of ten million US dollars in cash, plus three million US dollars worth of Penguin shares, for a total of thirteen million US dollars."

"Exchange 13% of the shares of Fengtian Technology."

"how?"

Wang Jun did a quick mental calculation: 13 million for 13% is equivalent to a valuation of 100 million US dollars.

Although the shareholding ratio did not reach the expected 20%, they still managed to get 13%, and also managed to get rid of the remaining stock of Tencent.

"make a deal!"

Wang Jun immediately approved the deal, saying, "President Chen, it's a pleasure to cooperate!"