After learning from Qin Fen that Bytedance was planning a big financing move.
Zhou Xing is always paying attention to the trends of ByteDance.
Just...after the news came out.
ByteDance went silent again.
There has been no new news from Qin Fen.
Zhou Xing asked Deng Haoyang to keep an eye on ByteDance and report to him immediately if there were any signs.
I originally thought...it might take some time.
Never thought of it.
It came so quickly.
“Is there any financing news from Byte?”
Zhou Xing asked.
"Yes."
Deng Haoyang said: "And it's a little urgent."
"How to say?"
"They chose to hold a financing and investment conference in Shanghai five days later... They invited almost all investment banks in the industry, as well as major entrepreneurs, and many celebrities to help out, making this conference,
It was held with great grandeur.”
Deng Haoyang explained: "ByteDance has spent a lot of money to successfully complete the fourth round of financing, but the more this happens, the more it proves ByteDance's urgency at this time."
Zhou Xing nodded slightly.
Financing... is an insurmountable hurdle for any business that wants to develop.
Started from scratch.
A person's ability is destined to be limited.
There is not that much capital to support the expansion of the company.
This time.
The only way is to choose investment banks or companies to enter to release part of the shares and obtain financial help.
Only when you have funds can you do things.
As for investment banks or companies, they will not only provide financial help.
More importantly... they are also an extremely large company with abundant resources and can easily help companies break through channels and seek better development.
So many times, even if the company itself has excellent development prospects, its cash flow is also very good.
But it will also allow other companies to invest and release shares.
Thereby obtaining admission tickets and various kinds of help.
Let your business take off completely.
Generally, when faced with financing, if promising companies have no financing plans, numerous investment banks will come to them.
They don't lack investment at all.
The person in charge of the company will consider it in advance and hold secret meetings with them.
The conditions are about to be negotiated.
You can start signing the contract. After the funds are in place, you can announce it, or you can choose not to announce it.
After all, financing is a relatively private matter.
And ByteDance.
A few months ago, I heard the financing information they proactively released.
During this period... an investment bank must have come to visit.
ByteDance also chose to hold this financing and investment conference, so it was destined that they had not reached an agreement.
There is a high probability that ByteDance's requirements are not met.
Or the funds provided are not enough.
ByteDance's choice to do this should be a helpless move.
The more investment banking companies invited and the grander the conference became, the more it proved that they were at the end of their rope at this time.
You can only choose the last resort.
If you fail to find an investment bank that suits you here.
Their business...may not be able to sustain itself.
It is estimated that everyone invited can see it.
This is Bytedance’s stated plan. To participate in a conference like this, the one with the highest price will win.
Even though everyone’s bids are generally not high.
They could only hold their noses and recognize it.
Zhou Xing was not surprised. ByteDance’s previous financing was going smoothly, but later on... it has not been able to figure out a way to make a profit.
The company has suffered losses year after year.
Even if investment banks still have confidence in them, they cannot invest too much money.
Those who can meet their requirements are destined to be severely knocked off a large share of their shares.
So we're stuck here.
"ByteDance was too sudden this time, and this conference was held without any warning."
Deng Haoyang continued: "I sent people to investigate and found that the funds in ByteDance's company account are already somewhat beyond their means. Even if they find a new way to make money at this time, they can't cure their shortcomings."
"There must be an injection of new financing funds before the company can survive."
"It is estimated that the investment banks also saw ByteDance's dilemma and took advantage of this situation to lower the price and annex the shares, resulting in no agreement... So ByteDance has to do this, but... I guess this
This financing conference was not much better.”
Deng Haoyang sighed: "Their company's products are quite new, and their big data work is also very good. They also launched a Douyin app some time ago. I guess they were trying to use this app to gain profit and turn the situation around, but the results were mediocre.
, the overlap of its businesses is too serious.”
"Putting a lot of money into it not only failed to achieve any results, but actually accelerated the consumption of the company's funds."
Zhou Xing was surprised for a moment when he heard this.
He knows... every time the company raises funds, it is a challenge.
ByteDance may have a tough time.
But I didn't expect...that it would actually be a matter of life and death.
No wonder I can't hold my breath so much.
Without capital injection, the company will completely fall short.
No one would have thought of it.
ByteDance, which now seems to be dying, like an old man with a candle in the wind, has been able to regain its vitality and become China's Internet giant.
Compared with bat, it has a vague meaning of impacting the status of the three giants.
Starting a business...is definitely not that simple.
As every group grows, the road is filled with countless bumps and crises.
Bats all come here like this.
This is also the only way for ByteDance to go.
"Has our company received the invitation?"
Zhou Xing asked.
"received."
There was a little pride in Deng Haoyang's tone.
Although Nile Crocodile Venture Capital was founded not long ago, it has already gained a reputation far and wide, and with Zhou Xing at the helm, even those established venture capital companies do not dare to underestimate it in the slightest.
Some time ago, the person in charge of Sequoia Capital China even called him because of this.
The tone was much more polite.
He expressed his surprise that he could join Nile Crocodile and serve as general manager.
At the same time, he said that he was somewhat unclear about people.
As a result, Deng Haoyang was not allowed to fully utilize his talents when he was at Sequoia.
Now let the talent drain.
I hope we can cooperate more in the future for mutual benefit.
This is undoubtedly the greatest reward and recognition for Deng Haoyang, who has been frustrated at Sequoia for so many years.
He was once a nobody in Sequoia.
Now I can chat and laugh happily with the person in charge of Sequoia.
All of this... was given to him by Zhou Xing and Nile Crocodile Venture Capital.
He is proud to be a member of the Nile Crocodile Ventures.
At the same time, I am extremely grateful to Zhou Xing.
In this life...his most correct decision was to leave Sequoia and join Nile Crocodile.
"Okay, you are responsible for making arrangements. In five days... you will attend the investment conference with me."
Zhou Xing said calmly.
"OK."
Deng Haoyang agreed immediately.
Although he, like other investment banks in the industry, is not optimistic about Byte.
Byte is currently struggling hard, but he is like a giant who fell into the quagmire with his limbs broken off. No matter how hard he struggles, he cannot survive.
Financing will only slow its demise.
Unless a way to make a profit can be found.
But... this is not easy. ByteDance has been working hard for so many years, but it is still at a loss.
Investing in it...the nature of the gamble is too heavy.
Moreover, too much capital was invested, only 10% of the shares were invested, which was difficult to satisfy them.
Unless Byte can release more equity ratio.
But since Zhou Xing is optimistic, he just needs to obey.
His words... can only be used as suggestions.
Zhou Xing has his own ideas, and what he does has his own reasons.
...........
Zhou Xing hung up the phone.
Put down the phone.
The eyes are slightly bright.
This time ByteDance is generally not favored by investment banks, who are all thinking about how to tear off a piece of flesh from Byte before it completely dies.
ByteDance has reached a dead end.
For him, it was good news.
this share.
He definitely wants to win it, and if possible, it would be best to get more shares.
He holds two billion dollars in his hand.
Have sufficient confidence.
Zhou Xing stared at the night view of Shanghai outside the window, then got up and went to the bathroom to take a shower.
"Ding dong."
At this time.
The doorbell did ring.
Zhou Xing stopped what he was doing and stepped forward to open the door. www.bǐqυgetν.℃ǒm