Chapter 124 Interconnected Series B financing!

The creator conference of Weitoutiao was very successful. Hundreds of thousands of people on Bilibili watched the entire live broadcast released by Weitoutiao’s official account.

As the founder of an Internet company born in the 1990s, Zheng Wentong is very popular in the Internet industry, entertainment circle and investment circle. He actually has many fans on the Internet, and there are many fans of the 1980s and 1990s.

After all, before the millennium, the bosses who entered the Internet industry were basically born in the 1960s and 1970s, and there was a generation gap between young people who had just entered society. No matter who they used, they finally found that they were all from Ma’s father’s family. The most terrifying thing is that they actually had two fathers.

Young netizens with a lot of thought are very interested in Weitou's "Spring Seedling Plan" and Weitou's "Sunshine Plan". They just quit their jobs in a big city and have no savings, so they may try it in a different track.

Many netizens left messages in the live broadcast room, "Help me up, I think I can still write!"

This creator conference has brought a lot of popularity to Weitou, and many new users have joined. On December 30, 2015, the number of registered users of Weitou exceeded 100 million, and the number of monthly active users exceeded 20 million.

Zheng Wentong fulfilled his promise to Xiong Xiaoge, and Slide Investment and others targeted the sale of 5% of their equity to IDG Capital at a price of 25 million.

Because during the A round of financing, Slide Investment and IDG Capital, Venus Venture Capital, and Haitong Kaiyuan signed relevant agreements, so Venus Venture Capital and Haitong Kaiyuan did not object to this targeted sale of shares.

On December 31, Puhai Internet completed its B round of financing, Haitong Kaiyuan withdrew, IDG Capital and Venus Venture Capital followed suit, Puhai Guotou and Pusi Investment are newly introduced shareholders.

The latest valuation of Universal WIFI is RMB 1 billion, doubled from half a year ago, but the number of users has exceeded 300 million.

Slide Investment originally held 85% of the equity of Internet Intercom and transferred 5% to IDG Capital in advance so that Xiong Xiaoge agreed to the R&D team of Weitouzou to independently establish WeChat Xinke from Puhai Intercom.

During the A round of financing, IDG held a 15% equity stake in Internet Connection was worth 75 million, while the B round of financing had become 150 million, with a book profit of 75 million.

Xiong Xiaoge can only sigh that Zheng Wentong is too smart. It seems that Zheng Wentong sold 5% of his equity to IDG Capital for a targeted 25 million yuan, losing 25 million yuan.

However, Zheng Wentong owns 100% of the shares of WeChat Xinke. If WeChat Xinke conducts A round of financing, its valuation will not be less than 2 billion yuan.

Logically speaking, as the second shareholder of Puhai Internet, IDG Capital could have also owned 15% of the shares of WeChat Xinke, which is worth at least 300 million yuan.

25 million yuan can be exchanged for 300 million yuan, and Zheng Wentong's deal is not a loss.

Moreover, during the A round of financing, the largest shareholder Xiong Slide Investment did not transfer its equity, only Xiong Xiaoge's IDG Capital transferred 5% of the equity to Jinxing Venture Capital and Haitong Kaiyuan.

At that time, Zheng Wentong made an agreement that during the B round of financing, Venus Venture Capital and Haitong Kaiyuan could give priority to transfer equity, with the second place in slope investment, and IDG Capital was at the end.

Now Haitong Kaiyuan transfers 2% of its equity to Pusi Capital, and the investment of 10 million has turned into a return of 20 million.

Slope Investment transferred 10% of its equity to Puhai Guotou, and Slope Investment recovered 100 million yuan.

Therefore, the equity of Puhai Mutual Communication has changed, and Slide Investment holds 69% of the shares, making it the largest shareholder.

IDG Capital holds 15% of the shares, Puhai Guotou holds 10% of the shares, Venus Venture Capital holds 3% of the shares, Pusi Investment holds 2% of the shares, and Zhang Yi, the chief technology officer of Puhai Internet, holds 1% of the shares as a natural person shareholder.

After signing the agreement, Zheng Wentong invited these investor representatives to the Jiangsu and Zhejiang General Association of Guojin Center for dinner. After the meal, the other investors went back first.

Xiong Xiaoge shook his head, "It's boring. You guy doesn't drink, you keep telling jokes while eating."

"When I raised a round A financing, I thought I had taken a big advantage, and I felt embarrassed to give you a pair of sunglasses. Looking back now, I feel that I have lost my wife and my soldiers."

Zheng Wentong disagreed, "Brother Xiong, don't say that, one code is the same, and making less money cannot be considered a loss. In this way, today it happened to be in Guojin, Lv, Prada and i. You can choose whatever you want, it is my meeting gift to my sister-in-law."

"Your sister-in-law is on the other side of the ocean, and buying a bag is cheaper than in China." Xiong Xiaoge knew that Zheng Wentong was going around.

IDG Capital wants to buy some shares before WeChat Xinke completes its A round of financing, but at present, the Slope Investment Account is sufficient, and the various subsidiaries under its name are operating well. Even without a bank loan, he cannot find an opportunity.

"Then thank you. You feel sorry for me, my brother, and save money for me!" Zheng Wentong was happy.

"I'll save money for you. Did I say I won't buy it?" Xiong Xiaoge immediately went to a luxury store with Zheng Wentong.

It is rare for two men to go shopping together to buy bags, but the clerks in luxury stores have been trained to gossip customers, and they have also developed a pair of golden eyes.

For big customers like Zheng Wentong and Xiong Xiaoge, they often have a very enthusiastic service attitude. As for girls who save their salary for the previous year and buy a brand-name handbag, they are much more arrogant.

While walking around the store, Xiong Xiaoge did not forget to send a WeChat message to someone, "I was shopping with Zheng Wentong. Well, you were attracted to LV's new autumn handbag last time. Today, I have to let this guy put his blood back."

Zheng Wentong realized something was wrong, "Isn't my sister-in-law not in China? Is it yours to buy it for my sister-in-law? What a rich flower on earth!"

Xiong Xiaoge denied, "If you have no evidence, be careful that I will sue you for slander. My brother teaches you not to get married so early. My wife has a very reasonable saying. If you are not a millionaire, don't marry a millionaire."

"You said you were looking for something and you had to find a celebrity girlfriend. Now you are half a person in the circle. Paparazzi is so powerful now. If you are caught stealing food that day, you have to spend money to settle the paparazzi. How cost-effective?" Xiong Xiaoge shook his head.

"Brother Xiong, I am a loyal man. Don't mess with the bosses of other film companies. Besides, that paparazzi is not aware of his life and death, and dare to expose your information?"

"I am just an investor and have not opened a film company. Why are they staring at me?" Xiong Xiaoge retorted.

Xiong Xiaoge has always had a close relationship with the entertainment industry. The movies he has invested in include "The Great Wall", "The Love of Hawthorn Tree" and "Inception".

Of course, this may have something to do with Lao Xiong's lover Luo Yan, who is a well-known producer in the United States. She starred in the domestic movie "Girl in Red" in the 1980s.

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So there are many movies or TV series, heroines or important female supporting roles, who have no acting skills, ability, and ability, but they firmly occupy a position.

After the financial backer was fond of the old and she regained her freedom, the level of scripts or business endorsements she received decreased significantly, and she would announce her relationship soon.

The third update is over, and the update time will be 12 o'clock and 6 o'clock in the future. Try to update three times every day. If it is two updates, it will be explained in advance. Thank you everyone!
Chapter completed!