Chapter 422 A new round of financing

"I'm going to have class tomorrow, but you can come to Jinshan Lake University Town to have fun first, and I'll come to you after class." Li Feng replied.

"Okay, hee-hee. Lin Yuting replied beautifully.

......

At this moment, with the rapid expansion of the company's various businesses, Baibao.com has more than 800 employees, and has a ten-story office building in the Eastern Pioneer Park of Nanhang City, and has even become an emerging Internet leading enterprise supported by Nanhang City.

In the office on the seventh floor of the headquarters, Chairman and General Manager Long Yu convened a meeting of all the management to discuss the financing plan for the next website.

More than a dozen people at the top of the company sat down one after another, and many of them were temporarily notified to attend the emergency meeting and did not know the content of today's meeting.

And this financing involves a major adjustment of Baibao's future business, and there will be no more than three people who really know the content of the meeting before the meeting, including Long Yu.

This meeting is very important, and it is related to the company's shareholding structure in the future, and it stands to reason that Li Feng should be invited to participate.

However, unlike the previous time when the Global Mall attacked the Huaxia market in a big way, this time Long Yu did not invite Li Feng to come, but chose to discuss with his team behind closed doors. This also made many people in the management see the subtle changes in the relationship between the two.

"Ladies and gentlemen, although it has only taken more than half a year for the development of Baibao.com, it has gone through a series of difficult tests for our entire team. Happily, we have passed the trials again and again and successfully come to this day. "Today, our e-commerce platform has 10 million registered users, the average daily transaction volume has exceeded the 5 million yuan mark, and the company's overall valuation has exceeded 300 million." In the competition with Global Mall, we have always maintained a leading position and defended the dignity of China's local Internet companies. But then, as the market deepens, we have several major projects on Baibao.com, including our own payment system 'Baibaobao' will be launched soon. As we all know, Global Mall is about to develop their online payment platform, and for a long time, we have relied too much on the payment function of the Fortune Treasure platform, which is not good for us. ”

Even the company's senior management, today there are many people for the first time to hear the "treasure bag" project, this project has been secretly developed, after a month of preparation, now all the development has been completed, and the advantage of its own platform, has obtained the support of a number of banks, I believe that it will be online next month.

Gu Weichuan, the company's vice president in charge of payment business, is the person in charge of the "Treasure Bag" project, he took Long Yu's words and said: "Mr. Long is right, as the largest e-commerce platform in China, we must have our own network payment system, which is related to our core security, and it is also a work that the company must focus on in the future." Although we will still maintain a certain range of cooperation with the Fortune Treasure platform, our own 'Treasure Bag' platform must be launched as soon as possible, and it will be bigger and stronger to provide stable support for the website's payment system." This is also the most important project of Baibao.com during this time, in order to ensure the smooth development of the project, we have been secretly developing, and there is no publicity, so even for you, there must be many people who have heard it for the first time. ”

Baibao.com has developed to this point, and Long Yu, who has a strategic vision, has long recognized the importance of the online payment system to the e-commerce platform.

As long as it is an e-commerce, it will inevitably involve the function of online payment, and this core function is not completely in your own hands, and the future development of the website will be somewhat restricted. While admiring Li Feng's foresight, Long Yu is also secretly determined to establish his own online payment platform in order to occupy enough voice in the future e-commerce competition.

In today's e-commerce field, the market pays more attention to the competition between Rio Porter and Li Feng, and ignores the real protagonist of the Chinese market, Long Yu, which makes him feel very uncomfortable, after all, the concept of e-commerce is the first time he first proposed, and it is also the first time that his Baibao network has made the real sense of e-commerce in the Huaxia Internet market, no matter what, he is the first person to eat crabs in the field of Huaxia e-commerce.

So this time, after preparing for the breakdown of the cooperative relationship with Li Feng, Long Yu resolutely launched the "Treasure Bag" project and fully entered the field of online payment.

"The current situation is not optimistic, as far as I know, Global Mall is not only laying out the online payment system, but also intends to build its own express logistics system in China to improve their customer experience to the best. They have financial and technical advantages, and as an international e-commerce platform, their strength is much stronger than ours. In order to maintain our leading position in the Chinese market, I put forward the idea of building an e-commerce ecosystem of Baibao.com. "The establishment of the 'Treasure Bag' online payment platform is only part of it, and there are a series of new plans to be implemented." Therefore, for our Baibao company, capital has become a new problem, and it is imperative to start a new round of financing. ”

Speaking of which, Long Yu finally said the theme of this meeting: financing.

After all, judging from the current financial data of the website, Baibao.com can maintain a stable cash flow and continue to increase its profitability.

To start a new round of financing, the equity of everyone present will be diluted, and from the perspective of personal interests, it is necessary to be cautious.

Now, with the increase in the number of shareholders of Baibao.com, the company's interest distribution structure is becoming more and more complex, especially for the issue of equity dilution, which is very sensitive.

Zhang Weihua, vice president in charge of finance, said: "Mr. Long, according to our original plan, this round of financing is best to wait until the end of this year or the beginning of next year, after all, under the strong competition of the global mall, the overall valuation of our company has a certain negative impact, and the depth of market mining is not enough, if we sell equity, our total financing may be lower than expected." ”

Zhang Weihua does not want to start financing now, after all, the company has sufficient cash flow on the account, even if it lacks a little capital, with the current industry status of Baibao.com, you can also get considerable bank loans, with the profitability of Baibao.com, there is no problem in repaying the loan.