The investment department is still evaluating Kuaishou's project, in fact, in 2014, it is a little strange for Weituo to pay attention to short videos, and now in Beijing, the most concerned mobile Internet start-up companies are Didi and Kuaidi as the representative of the taxi war.

Since 2014, several online car-hailing companies have joined forces to burn 30 billion yuan, and the aunts have taken taxis to buy groceries on the street, which is too cheap.

In addition, the battle between Meituan and Dianping is also particularly curious about the final winner.

In the end, these turmoil are related to Weituo, Didi is also one of the enterprises invested by Weituo, as a certain sense of 'big daddy', when Didi wants to burn money, Cheng Wei will definitely come to Weituo to finance.

As early as two months ago, Didi completed its Series C financing, with CITIC Industrial Fund, Weituo and other institutions contributing $60 million, $30 million, and $10 million respectively.

After scraping together 100 million US dollars, Cheng Wei's life was a little better, but Wen Xiaoguang heard that financing was going to be carried out over there.

$100 million is not a small number.

Such an abnormal frequency and scale reminded Wen Xiaoguang of the money-burning war between Tengxun, Didi and Ali Kuaidi mentioned in his speech in his previous life.

The smell is too strong.

It seems that it is necessary to meet Daddy Ma in advance.

He didn't know it himself, and Daddy Ma was also squeezing in time to meet him, probably by coincidence.

The war continues, and this is the real situation of capital and mobile Internet now.

Under such chaos, the meeting of the Weituo Investment Department is still discussing the Kuaishou investment project, and the time has entered May, and the Kuaishou C round is already an imminent reality.

Now DCM China and Sequoia Capital are competing with WeTuo for this project.

Among them, DCM is more motivated, and in April, Su Hua made Kuaishou millions of daily jobs, which made DCM see some kind of opportunity.

In the conference room, Wen Xiaoguang sat at the top of the table, and opposite Li Yidan was showing the made PPT, which was about some of Kuaishou's situation.

Su Hua: An engineer who has been doing search and recommendation algorithms for many years, Kuaishou is not weak technically.

Another key member of the team, Cheng Yixiao, has a deep understanding of clients and is an excellent product manager.

This is a typical team of engineers, even a team of more than 200 people, more than half of whom are engineers.

The valuation of Kuaishou by the investment department reached $70 million.

"Did DCM contact them?" Wen Xiaoguang asked.

"Contacted. Li Yidan replied calmly, "And I think DCM gives Kuaishou a higher number, but we are still confident." ”

This is the tradition of WeTuo, because of the control of the traffic port, the valuation of WeTuo to many companies will be lower than that of other investment institutions, and what the invested companies want to get most from WeTuo is not funds.

Now that capital investment is hot, it is not difficult to raise funds for APP.

"What about the main contradiction now?"

Li Yidan replied: "It's still about our traffic support, even DCM has expressed a similar willingness to me, they don't particularly care about how much money we pay, DCM is more strategic than I imagined, they don't regard us as complete competitors, in fact, they want Kuaishou to introduce us as an investor." ”

In this way, after their C round of investment, they have Micro Extension, and the investment will increase in value overnight.

"Do you want to bring Kuaishou to today's headlines?" Wen Xiaoguang frowned a little, those bloody things are recommended to users, and I always feel that there are some problems, not only that, but Toutiao itself is to access their own short video products.

To be honest, when vulgar content is pulled into the product, it will pull the headlines into that logic, because there will be users who will be disgusted and leave.

WeChat is even more impossible.

Kuaishou will encounter a very serious corporate image problem in the next two years or so, this Wen Xiaoguang knows in his heart, and it can be said that it is quite unbearable to be said.

It's not his own preference, it's just a risk.

"No, I can't. He still did not approve the plan, "We can increase the investment amount from 5 million US dollars to 8 million yuan, and we can also help them introduce more weighty investment institutions to prepare for the future." ”

Li Yidan lowered his eyebrows and thought for a while, but he actually didn't quite understand.

Although Weituo has money, it is too much to rather pull out $3 million, and in this Series C financing, Kuaishou's target financing is also more than 10 million.

But she did not voice this concern in public at the meeting, but was ready to communicate it privately.

The Kuaishou team on the other side was also a little angry when they received the reply a few days ago, and Weituo's refusal made them feel that they were not respected, and they were somewhat breathless.

Other companies can't, but they can't, WeTuo has been relatively 'stingy' in traffic control, which does have a precedent, but no one wants this kind of thing to happen to their heads.

The meeting of the investment department did not last particularly long, because Wen Xiaoguang still had an interview with Su Hua.

He's coming to the Weituo Building today.

Before he came, Li Yidan followed Wen Xiaoguang for a while without being noticed in the company, "Mr. Wen, why don't we review Kuaishou?"

Wen Xiaoguang smiled, "Remember what I said, why does Weituo want the investment department?"

"Remember, you said that the strategic investment of the investment department of Weituo is the first task, and the financial investment is secondary. ”

"Yes, I know you want to say that we have a problem with more money, but it doesn't matter if you spend more money or spend less, I don't care about that. As for why it's not open to it, on the one hand, it's because Wetuo wants to develop short video products by itself, so I don't want to support them too much now, and in addition, I also have doubts about their content. Although WeTuo has been making great progress, I still have basic sanity. ”

Wen Xiaoguang found two excuses, which can be counted as a reason to some extent.

Of course, it is impossible to convince CEO Su Hua, this engineer is not particularly good at speaking, and even he is an honest person who has few words.

However, it should not be assumed that people are weak.

At least he saw that he wasn't too cowardly like other entrepreneurs.

"Just sit down. Wen Xiaoguang made a gesture of invitation, "When I was still in Zhonghai, I said that I wanted to get to know you, and there are some things that the two of us have to discuss." ”

"Wen is always good. Su Hua is also the first time to see Wen Xiaoguang up close, the young guy rumored by the outside world is indeed handsome enough, especially in front of him, aside from business, his life is indeed enviable, tall and handsome, and successful and golden.

"I'm a little sorry, I want to clarify one thing first, Mr. Li once told us not to disclose Kuaishou's contact with Weituo, but now it has been rumored outside, but I can guarantee that this is not what we said. ”

Wen Xiaoguang smiled, and Su Hua was a little embarrassed, as if he had been seen through.

Who to lie, Weituo will never say, to say it is to dig a pit for yourself, to attract competitors to come, not everything in this world has conspiracy theories, but if you believe it, everyone is as pure as a child is too much.

However, although Wen Xiaoguang knew it in his heart, he didn't take this opportunity to pursue it, smiled and shook his head, "It's not a lie that shopping malls are like battlefields, white rabbits are not easy to survive, white foxes are possible, and it is understandable to use some means, I don't have this mind, from another point of view, no investor wants the team they invest in too simple." ”

Su Hua beat a drum in his heart, a little nervous, he suddenly really felt the gap between him and Wen Xiaoguang, this is a conceptual gap, he is still thinking about how to cover up this matter, but in fact, people have known it for a long time!

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1. Sorry for slipping the number for a few days(╥_╥)

2. There is another watch today (I know that compared to the sin I committed, this is nothing, it is a forenotice, pure.) ）

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