Regarding the idea of investing in Tencent, Li Jianren can only click until he has stopped, and it is not convenient for him to look very enthusiastic when he meets for the first time. In that case, others would think he has other intentions.
He did have other plans, but the main thing is to be optimistic about the development of Tencent in the later stage and want to get a piece of the pie. He has no other plans, nor does he intend to interfere in the operation of Tencent.
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In his memory, Tencent did encounter some difficulties in financing in its early stages of development. Especially at the moment when the Internet winter is approaching, many investment companies are waiting and watching.
Including Xiangdao Yingke Digital later sold its shares, mainly because it was not optimistic about Internet companies. This allowed the South African investment company to take advantage of the situation and later made money from Tencent.
Profits of over 100 billion yuan.
Of course, Li Jianren would not let go of such a good thing, so today's exchange was created.
The two sides have already agreed on the general direction, so there is no need to talk about the others here, so there will naturally be relevant personnel to connect. As for the subsequent investment, both of them have reached the end and have not continued to discuss for the time being.
The plan.
Originally, Li Jianren wanted to talk about the development direction of Tencent in the later period, which was to give the other party a hint of advice, but he stopped talking to him. It would be better to let it go. If he talked too much and interfered with Tencent’s process, he said
There may be unexpected twists and turns.
At this point, the first exchange between the two was over. At noon that day, Li Jianren was the host and invited Xiao Ma and his party to the banquet. Wu Kaiquan also asked the follow-up matters to make arrangements.
After Xiao Ma Ge and his group left, Wu Kaiquan did not leave immediately, but came to Li Jianren's office again to sit down. He needed to communicate with the boss about some things.
Seeing Wu Kaiquan come back again, Li Jianren knew that there must be something else, so he invited him to sit down again.
"Mr. Wu, is it about Qianxun Technology's financing?" Li Jianren guessed.
Because this is the important thing recently, and other things are progressing smoothly.
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Wu Kaiquan nodded, "The early progress was quite smooth. Later, because the Internet companies in Europe and the United States were in a mess, they began to hesitate. It was not that they didn't want to cooperate, but they tried hard to lower the price. We believe that the company's valuation was at least 12,000 yuan.
For more than 10,000 US dollars, they directly offer 70 million, which is too big.
So, I temporarily neglected them for a while. The representatives in charge of the negotiations came back a few days ago. This time they gave us a valuation offer of 80 million. Although it reached our bottom line, I still did not agree."
Li Jianren smiled slightly, "Mr. Wu, you are right, I support you in this matter. At present, it is true that Internet companies are not having a good life. Many investors are waiting and watching, but we are different. We have been growing up,
It can be said that it is changing with each passing day.
Now they don’t invest, and when they want to invest again, the price will not be this price. Think about how many times the patented technology we have now increased compared to before, and our talent reserve plan has also been greatly expanded.
.These are all the dividends brought to us by the sluggish European and American markets.
Moreover, we don’t plan to go public in the past two years, so we don’t have to worry about investors not investing in the future. We are not Tencent, and we have always lacked funds. At worst, the cooperation plan will be temporarily stuck. We will think of other solutions."
Li Jianren is very tough, of course he also has reasons to be tough. He originally hoped to reach cooperation through financing and make breakthroughs in technological innovation. Another point is to open up Asian, European and American markets.
Since the other party hesitates, then it’s better to play with your own. At worst, it’s better to spend more time to develop the market and spend more money to buy patented technologies for companies that have gone bankrupt or are about to go bankrupt.
It’s not that they are missing. Qianxun Technology will go downhill, and such a thing does not exist. With Li Jianren in Qianxun Technology, it is impossible for it to lack funds like other companies.
Borrowing money from Kunpeng Capital can still make the things done without diluting Wu Kaiquan and Jiang Yichen's shares. They must be willing to do such a thing.
Seeing Li Jianren's attitude, Wu Kaiquan felt confident.
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From his heart, he is actually a little worried about the impact of the European and American Internet bubble this time, because it is not possible to predict how long this impact will last. Not only him, but many Internet people probably have such concerns.
Now the boss has given him a certain degree of confidence, which has allowed him to take the initiative in the later negotiations.
Whoever actively promotes such a thing will fall into a passive position.
Therefore, Wu Kaiquan planned to let the other party go for a while, and the company's business was carried out as usual. He wanted to see if the other party really wanted to give up this cooperation.
Since he had already agreed with Wu Kaiquan, Li Jianren had no need to stay. So he directly chose to leave Qianxun Technology and drove to Jianhui Supermarket headquarters.
Time passes like a flash of time, and a month passes quickly.
Qianxun Technology suddenly stopped contacting investors again and became silent.
But in just this month, Wu Kaiquan has established several branches in Europe and the United States. With the support of Jiang Yichen, he has recruited professional talents in large quantities.
At the same time, data centers have been established in many countries such as the United States, the United Kingdom, Germany, Spain, etc. The English version of Qianxun.com has passed the test and is ready to go online.
As for other language versions, such as Spanish, Portuguese and other major languages, Chihiro Network is already under construction.
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Qianxun.com's move against the market has set off a wave of discussion in Europe and the United States.
Most Internet companies are laying off employees and tightening their money, but Chihiro Technology, which comes from Asia, recruits soldiers. This situation naturally attracted the attention of many people.
Qianxun Technology has been developing in China before and has not entered the international stage, so its popularity is not very high in the Internet market.
But the investment industry is different. Many people know that this is a leading Internet company in mainland China. Especially with Kunpeng Capital's holdings, they know it well.
When seeing Qianxun Technology's operations, most people don't understand, but a small number of people know that the other party is not short of money at all.
Smith of Sequoia Capital can't sit still. If Chihiro Technology allows it to continue to develop like this, it will not be a valuation of $100 million or two. During this period, Chihiro Technology probably has the funds invested by it.
Tens of millions of dollars.
This is just the funds that Qianxun Technology has taken out, and the income it generates has not been calculated. Internet companies never look at your profitability, but more about the concept, your influence and customer base.
Judging from the development of Qianxun Technology, as long as you avoid the cold winter of the Internet and go public in the future, its assets will inevitably exceed 10 billion US dollars. This is beyond doubt.
Now is Chihiro's first round of financing, Sequoia Capital, Goldman Sachs Investment Bank, including Mr. He and other natural persons, of course, I hope to win it as soon as possible. The previous negotiation method was more of a strategy.
But now the initiative is in the hands of Qianxun Technology. If it continues to delay and attracts other investment companies to intervene, it will inevitably be more cost-effective.
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Smith quickly summoned everyone to discuss and finally agreed that the negotiation must be completed within one month, even if there is a certain concession in valuation.
They have concluded from all aspects that Qianxun Technology has lent $50 million from Kunpeng Capital for the development of European and American markets. This fee will definitely be counted on all shareholders at that time.
In other words, if the valuation was valued at 100 million, the cost and the benefits generated were now included. If it continues to delay and Qianxun Technology continues to increase its investment, they will have to pay more.
.
On May 8, 2000, after another series of negotiations, the two sides finally reached an agreement. Qianxun Technology was valued at US$1.8 billion and sold 15 shares.
Among them, Sequoia Capital, as the leader, obtained 7 shares and Goldman Sachs obtained 4 shares; while Mr. He and others jointly divided the remaining 4 shares.
At this point, Li Jianren's shares were also diluted to the remaining 714 shares.