Everything Xiao Ma said is true. These situations are very common for today's Internet companies. Everyone is living with their belts tightened, and it depends on who can sustain it.
Most of the Internet companies are doing one concept, and it is indeed a bit difficult to make a profit. In addition, there was an Internet bubble just last year. At this time, few people will choose to invest in Internet companies.
As for Chinese enterprises, during this period, no one cares about them more and more. This phenomenon has become the norm recently. Not all Internet companies are like Qianxun Technology. With big financiers like Li Jianren, there is no such thing.
I will consider funding issues.
In fact, when Xiao Ma told Li Jianren such a truth, he had another meaning. In his heart, he hoped that Li Jianren could help Tencent Technology to tide over the difficulties. After all, this nationally famous person is really not short of money.
Since he was lucky enough to meet today, he certainly hopes to persuade the other party to increase investment. Moreover, the other party itself is prepared to buy out the equity of Tencent 20 and promises not to interfere with the company's operations. Then he and several other shareholders are selling a part of it.
If you give him the shares, why not?
Even if he is allowed to be the largest shareholder, as long as the other party does not interfere with his management and the operation of the company, then the rest of the things are negotiable.
Brother Xiao Ma knew that Li Jianren planned to invest US$10 million to purchase 20 shares. If calculated based on this price, their company's valuation would reach US$50 million.
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Then the next thing is to decide how many shares you and several shareholders can put out to satisfy the company's future operations.
"Mr. Li, since you are so optimistic about the future of our company, is it possible to continue to support us? I have also made it clear to you about the current situation. We are indeed short of money. We have found several investment companies before, but
No one has given a clear answer. Including idg, one of our shareholders, no one plans to continue to invest.”
Brother Ma finally spoke his mind. He was worried that if he didn't talk about the matter clearly today, he wouldn't be sure whether there would be a chance in the future.
Li Jianren was actually waiting for his younger brother to come up with such an idea, otherwise he wouldn't know how to speak for a while.
Of course he knows that Tencent's funds are currently in a state of affairs. If this continues, there will inevitably be problems with operations. Isn't that the purpose of his visit today?
But he can't take the initiative to mention it. He can only take up the topic of the other party when he comes to ask for it.
"Mr. Ma, I am indeed interested in the future of your company, which is why I want to acquire those 20 shares. Since you mentioned that you hope that I will continue to support you, how many shares do you plan to sell? Including your
Does the shareholder idg also have the idea of selling some of its shares?"
Li Jianren raised his own questions. He also hoped to obtain more shares of Tencent Technology, so even 1idg, one of Tencent's existing shareholders, did not let go.
He is aware of this situation, and idg also hopes to sell part of its shares. In this case, why not do it.
"Judging from the current company's operating conditions, we still need at least more than 5 million US dollars in funds to support our next move. As for how many shares we need to sell, it depends on what you want, Mr. Li.
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As for IDG, they do want to sell some of their shares, and they are even willing to sell all of their shares if the price is right. I don’t need to hide this, you can just talk to them and you will know.”
The current shareholding ratio of Tencent Technology is that Li Zekai's company holds 20% of the shares, idg also holds 20%, and the remaining part is all in the hands of Xiaoma Ge and other entrepreneurial teams.
If Li Jianren can take over the 20% from Young Master Li and the 20% from idg, and then buy out part of the equity of Xiao Ma's entrepreneurial team, then Li Jianren will become the major shareholder of Tencent Technology.
Of course Li Jianren would be happy to accept this situation.
"Mr. Ma, I previously offered 10 million US dollars to acquire 20% of Mr. Li's shares. Although the deal has not been reached yet, it should not be too far away from cooperation. I am not very familiar with idg company. I would like to invite you.
Help build a bridge and introduce me to them. I plan to buy back their shares.
As for the shares in your hands, you can calculate for yourself how much you plan to sell, and then tell me. If nothing else happens, I will take it all. Of course, the price must be based on the price given by Mr. Li 2.
share price.
Another point, no matter how many shares I acquire from you, I will not interfere with your operation and management. This point can be written into the contract text. But for the financial aspect, I need to send a person to station, and he will not interfere with your financial work.
, but all your financial matters need to be disclosed to him."
The opinions mentioned by Li Jianren actually belong to the rights of major shareholders. Now Li Jianren is willing to give up most of his rights and retain only part of them. This is already a great trust in Xiao Ma's team.
When Xiao Ma saw such an open-minded major shareholder, he was of course willing to accept it, and the two parties hit it off immediately.
Next, Li Jianren will negotiate for the shares of Mr. Li 2. Brother Xiao Ma will help get the shares of idg company, and their team will internally calculate how many shares can be sold.
Li Jianren was still very confident about the 20% shares held by Li Zekai, and it was nothing more than a slight concession in the bid. He could do this easily.
On the second day, Li Jianren came directly to Xiang Island and, under the leadership of Wu Jiamin, visited Li Zekai.
Li Zekai seemed very happy to see Li Jianren visiting in person, and the two parties had friendly communication and negotiations. But they mostly talked about the current situation in the financial sector, the future development direction of various industries, and other major aspects.
On the contrary, not much was mentioned about the 20 shares.
If Li Zekai can let Li Jianren come to the door in person, the deal has been concluded, and there is no need for too much haggling, since everyone has a good reputation.
The two chatted for more than two hours at Li Zekai's residence, covering many aspects. They even talked about the Chelsea Club that Li Jianren now owns.
Li Jianren hoped that Li Zekai could come to watch the game when he had time, and Mr. Li expressed that he would definitely go to the game when he had time. He even had the idea of buying a team to play in the future.
Until the end when Li Jianren was about to leave, it took the two parties five minutes to negotiate the shares. In the end, Kunpeng Capital acquired the shares of Tencent Technology 20 for US$12.2 million.
When Mr. Li originally invested, he spent US$2.2 million, which is equivalent to a net profit of US$10 million in less than two years. As for whether he will regret it in the future, it is no wonder what happened to Li Jianren.
Now that he has arrived in Hong Kong, Li Jianren will of course stay here for a few days. One is to accompany Miss Chua, whom he has not seen for a long time, and the other is to point out the direction for the later operation of Kunpeng Capital.
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And just after Li Jianren stayed in Xiangdao for a week, good news came from Xiao Ma in Pengcheng. Idg Company was willing to sell 20% of its shares at a price of US$12.2 million.
After receiving such good news, Li Jianren couldn't sit still. Although it was very comfortable to stay with Chua Meiren, no matter how comfortable it was, it couldn't be compared to the 20% stake in idg company. So that afternoon, Li Jianren passed the test directly and once again
Arrive at Pengcheng.
On June 18, 2001, witnessed by many media, Li Jianren signed a share transfer agreement with IDG Company and Tencent Technology Co., Ltd.
IDG sold all 20% of its shares, while Xiao Ma's founding team took out 95% of its shares.
At this point, Kunpeng Capital acquired 495 shares of Tencent Technology for US$301.95 million, becoming Tencent's largest shareholder.
Of course, Brother Ma still kept a hand. The total shares of the team he led still accounted for more than half. In this way, he also left a way out for himself. If anything happens in the future, he can
Work with other founders to exercise veto power.
Regarding this, Li Jianren has an indifferent attitude. He really just wants to get a piece of the pie and has no intention of intervening.
Even in the future, when the company reaches a certain scale, he will definitely slowly reduce his holdings to cash out. Of course, such a situation will definitely take place at least ten years later.