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Chapter 426 Qianxun’s second round of financing

Regarding this issue, of course Li Jianren also needs to seek Cheng Xiaoxiao's opinion, and he cannot make the decision for his future mother-in-law.

That night, Cheng Xiaoxiao came to Li Jianren's home and saw a few more animals passing by in the back garden, and she felt happy without realizing it.

How could a little girl not like small animals, especially a few little rabbits, which made her even more happy. Li Jianren also took the opportunity to make his thoughts clear to Xiaoxiao.

Of course Cheng Xiaoxiao was very happy to hear that Li Jianren was thinking about herself so much. She agreed directly without asking her mother for her opinion.

In fact, she herself has considered this issue. If she marries Li Jianren in the future, her mother will definitely feel lonely if she lives alone. Then she will have to frequently go back to where her mother lives to accompany her.

But now Li Jianren has taken a step ahead of her, helped her think of these problems, and come up with practical methods. Of course she is very happy. Anyway, she is the only daughter in the family, and it doesn't matter who owns the property. What's more, she

I also know that Li Jianren is not short of money.

Moreover, Cheng Xiaoxiao has no idea about money. Since she met Li Jianren, she has never worried about money. She will not care about the house price. In her opinion, she will be Li Jianren's person in this life.

Why separate it so carefully?

So this matter was settled. We will wait for the two villas to be renovated together after the new year.

After four days of repairing at home, Li Jianren has finally shaken off the fatigue he felt in Xichuan. There are still more than ten days before the Chinese New Year, and the most important thing before the year is about Qianxun Technology’s first

2 rounds of financing.

Currently, Wu Kaiquan is leading his team to negotiate with investors led by Sequoia Capital and Goldman Sachs Investment Bank.

Talk app—

On this day, Li Jianren drove to Qianxun Science and Technology Industrial Park in Jiangning District. It has been a long time since he came here, and the changes here are quite big. All the buildings have been completed, and the surrounding facilities have also been completed.

The current Qianxun Science and Technology Industrial Park is more like a beautiful town. It is full of transplanted towering trees and other green vegetation. Especially the artificial lake in the center has become even more beautiful after some planning.

Magnificent.

Those who knew it was a science and technology industrial park, but those who didn’t knew it thought it was a park.

When Li Jianren walked into the office area, it was a busy scene, and even walking seemed to be carrying a gust of wind.

Li Jianren is very satisfied with the current state of the company. To engage in the technology industry, this kind of work style is needed. If it is like an ordinary industry, working from 9 to 5, such a company will definitely fail.

Of course, the salary paid by the company is also different from other industries. The annual employee salary is only 1 yuan, which costs tens of millions. This makes those talents flock to it.

"Zhou Tao, go and call Wu Kaiquan over." Li Jianren ordered.

Soon, Zhou Tao brought Wu Kaiquan to Li Jianren's office, while Zhou Tao chose to go out first and give the two of them space to discuss. He knew that the two of them must communicate some confidential matters, and he needed to go and watch.

So that no one disturbs you.

"Mr. Wu, how is the progress of your negotiations over there? Can an agreement be signed before this year?" Li Jianren invited Wu Kaiquan to sit down and then began to ask.

"The main thing now is still stuck on the valuation. Everything else has been negotiated." Wu Kaiquan was obviously a little mentally exhausted. It is estimated that this period of time has been very taxing on the brain.

Currently, the shareholding ratio of Qianxun Technology is: Li Jianren 714, Sequoia Capital 7, Goldman Sachs Investment Bank 4, Mr. He and his friends 4, and the remaining 136 belongs to Wu Kaiquan and Jiang Yichen.

In May 2000, in the first round of financing, Qianxun Technology was valued at US$1.8 billion. Now, after more than two years of development, the number of global users of Qianxun Technology has already exceeded 50 million. Especially in Asia,

Branch offices have been established in most countries such as Europe and North America.

Especially in the Asian and European markets, Qianxun Technology is already unique and leads the way.

When Chelsea was bought in 2001, the total cost was less than 100 million pounds. Although it later invested 100 million pounds in the construction of the team, the return was definitely not comparable to a mere 100 million pounds.

In the first year of the league, Chelsea entered the top 4, which was regarded as entering the Champions League. In the second year, it achieved a good result of second place in the league. What is even more gratifying is that it entered the Champions League for the first time in history.

The top 8.

This year, in the first half of the current Chelsea club season, the team has been in the lead, and has a gap of 7 points with the second place. As long as there are no major problems later, it will be very difficult to win the championship this season.

Big possibility.

As for the Champions League, it has also entered the top 16. As for the final results, it is also worth looking forward to.

As the main sponsor of Chelsea Club, Qianxun Technology has naturally received good publicity effects. Such a result can be regarded as a win-win situation.

For this financing, Li Jianren defaulted to a maximum of no more than US$20. As for the company's valuation, after communication between Li Jianren, Wu Kaiquan and Jiang Yichen, it was confirmed at that time that it was no less than US$5 billion.

The current Qianxun Technology, in today's business world, has become completely globalized, and is already ahead of many companies in terms of business model.

explain,

As for the profit model, it should not be underestimated. Basically, it can be responsible for its own profits and losses, and even make a profit.

Therefore, Li Jianren and Wu Kaiquan have the confidence to ask for a price of no less than US$5 billion.

Of course, this is the total valuation. If the shares are sold at 20%, it is equivalent to Li Jianren and three people getting 1 billion US dollars. From the beginning to now, the total investment of Li Jianren is only about 100 million US dollars.

In other words, after the completion of this round of financing, all his investment costs have been recovered, and he even made a lot of profits.

"Currently, which step have you discussed and how much are they offering?"

"The starting price was US$3.5 billion, and now we're talking about US$4.5 billion. Our initial offer was US$6.8 billion, and we've already conceded to US$5.8 billion. I estimate that the final negotiated price should be between US$5-5.5 billion.

It should be impossible no matter how high the time is." Wu Kaiquan replied.

As big names in the capital industry, Sequoia Capital and Goldman Sachs Investment Bank invest in countless industries every year. Their teams are quite professional. The valuation of Qianxun Technology is actually between US$5 billion and US$6 billion.

.It is not too different from what Li Jianren and others calculated.

However, as far as both parties are concerned, of course it is 1 point if they can earn 1 point, so the negotiations went on for 3 rounds, but in the end no agreement was reached.

"Mr. Wu, we don't have to worry. If we can't talk this year, then we can postpone it until after the year. I think in recent months, the momentum of Internet companies in Europe and the United States has begun to recover again. Delaying it will be detrimental to them. In addition, I also told

They, the Xiangdao consortium are looking for me recently and want to get involved."

Li Jianren did not lie on this point. The current development momentum of Qianxun Technology is very good, and many people are optimistic about the future results of Qianxun Technology after it goes public. Therefore, some people are already doing everything possible to join in.

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However, Li Jianren had relevant agreements with investors such as Sequoia Capital at the beginning, and they had priority in the second round of financing.

But if it continues to drag on and a new agreement cannot be reached, then don't blame Qianxun Technology for bringing in new investors.

Judging from the current situation, Qianxun Technology is in a relatively active position and has no shortage of investors. Therefore, it has the confidence to talk to them.

And in terms of asking price, it's not outrageous. The difference between them is not an unattainable figure.

With the boss's approval, Wu Kaiquan will of course let go and continue negotiating with them. This is also related to his and Jiang Yichen's income issues.

January 28, 2003, there are still seven days until the New Year. Many companies have already held their annual meetings, and are even preparing for the holidays in a few days.

On this day, Qianxun Technology released an explosive news: Qianxun Technology reached an agreement on its second round of financing. The company was valued at US$5.3 billion and 20% of its shares were sold.

At this point, the ownership structure of Qianxun Technology has changed again: Li Jianren 5712, Sequoia Capital 16, Goldman Sachs Investment Bank 10, Mr. He and his friends 6, Wu Kaiquan 544, Jiang Yichen 544.


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