Citi isn't very interested in online instant messaging, especially at a high valuation.

But for Internet finance, their interest is great!

So Jack can't wait to join in, for Citi to get a certain share, in his opinion, if in China's Internet finance industry, choose a company or a person to invest, then Yuwenfei is definitely the best investment object!

Very simply, Yuwenfei's past achievements fully prove this.

What's more, there is no other investable object now, this concept, even in Europe and the United States, is just emerging, even a pioneer like PayPal, has not achieved the comprehensive Internet financial services proposed by Yuwenfei.

The concept proposed by Yu Wenfei today is already a global pioneer!

The remaining shareholders already own shares in WeChat, and even after WeChat Pay is spun off, they will have an equal proportion of shares in the new company, so there is no hurry.

Yu Wenfei smiled: "Of course there is no problem, I invited Mr. Jack over today, and I also want to invite Citi to join the board of directors of this new company." ”

Citi was invited, not just for their money, but because Citi is too professional in the financial industry and has a great influence in the global financial industry.

Internet finance, the essence is still the financial industry, but the Internet is used as a tool, so the company must have a large number of professional financial personnel, in this regard, Shanghai Pudong Development Bank and Citibank can help.

............

There was another disagreement over the valuation of the new company, of course between Jack and the original shareholders.

Of course, the old shareholders want the higher the valuation, the better, so that the new Citibank will have to pay more cash to acquire the shares, and the old shareholders will not have their shares diluted more.

But from Citibank's standpoint, it naturally hopes that the valuation will be lower, so that it can get more shares with less money.

"Although I am very optimistic about this company, after all, this company does not have any achievements at present. The number of users is more than 100 million, which seems very good, but don't forget, that is only a user of WeChat, not a user of WeChat Pay! According to the data taken out by Mr. Li, in the past month, there are not many users who have made transactions through WeChat Pay, and most of them are concentrated on the Facebook game platform to buy games. Jack said confidently.

He is optimistic about Internet finance and WeChat Pay under the leadership of Yu Wenfei, but this does not prevent him from coming up with various data and facts to lower the valuation of WeChat Pay.

"This matter is actually easy to solve, and if we sign a VAM agreement, won't it be over? Because if the valuation is based on the current data of WeChat Pay, the old shareholders will not agree, and if it is valued according to the future prospects, you Citi will not be at ease." Yu Wenfei said with a smile.

Jack sighed, still not taking advantage.

Performance VAM, which is a means often used in the investment circle, is generally when encountering inconsistent views on the company's development prospects.

The company's founders or original shareholders think that the company will develop to a certain scale in the future and want to calculate the valuation according to this, but the new investors do not agree and think that this judgment is not accurate.

That's where the VAM comes in handy.

The VAM proposed by Yu Wenfei was approved by all shareholders, and finally decided after discussion.

Citibank invested $200 million to acquire 20 million shares of the newly established "Facebook Internet Financial Services Company".

It should be noted that the total share capital of this new company is 120 million, in addition to the 20 million shares of Citi, the remaining 100 million shares are distributed by the old shareholders according to the proportion of shares in WeChat.

Yu Wenfei alone accounted for 70 million, Softbank Capital 10 million, Modu International Trust and Investment Company 10 million, Shen Nanpeng 9 million, and Jiaotong University Venture Capital 1 million.

In addition, Citibank's contribution of 200 million US dollars has additional conditions, that is, what Yu Wenfei called the "VAM agreement"!

According to the agreement, Facebook Mutual Fund needs to reach more than 30 million active users and more than 3 billion transaction funds within one year.

In other words, 30 million users, each person has to use WeChat Pay to spend 100 yuan.

This condition is not undemanding, and the valuation of an Internet finance company with 30 million high-quality customers has reached 1.2 billion US dollars, which is indeed not excessive.

Although Jack is at a high level within Citi, he is not a person who can make decisions after all, and only a preliminary agreement has been reached on the spot, and he still needs to report to the headquarters for approval.

Of course, since Jack dared to sign this agreement, he had the confidence to get the approval of the headquarters.

At the end of the meeting, everyone was happy, all shareholders were happy, and another promising company was established.

In their eyes, Yu Wenfei is a "magician", constantly taking out a project full of temptation from his pocket, and as long as he officially pushes it to the front of the stage, it has achieved great success!

As an investor, there is nothing happier than this!

Investment, in the final analysis, is still investing in people, not investing in projects......

............

Yu Wenfei also breathed a sigh of relief, and finally solved a part of the funds, with Citi's 200 million US dollars as a foundation, the informatization project to benefit the people has been supported for at least a few months.

For the rest, it is always okay to take his plan and then go to the relevant departments to apply for an interest-free loan of 1 billion 2 billion.

After all, the new Lenovo company has really incurred huge losses, and the purpose is to promote the nationwide informatization process, and it does not plan to let the state pay this part of the money, but the corresponding support is still there.

Tax exemptions, interest-free loans, official publicity, corporate honors, etc.

In addition, after the acquisition of IBM's personal computer business, there should be about $500 million left in the prepared money.

Originally, Star Technology had 10.4 billion yuan and 1.5 billion US dollars in its account, and it spent a total of 9.2 billion US dollars to buy Lenovo Group, leaving 1.2 billion yuan and 1.5 billion US dollars.

IBM's personal computer business is expected to require $1.3 billion, so there are still $200 million left, which is about $1.6 billion when converted into RMB.

Plus 1.2 billion yuan, that's 2.8 billion.

This part of the money can be used for the Huimin computer project first, and the rest will be invested in the research and development of new projects.

It's tight, but funding is finally not a problem.

............

After solving the financial problem, it is time to move on to the next link, Yu Wenfei is ready to go to Hangzhou in person to meet the old horse!

For this long-known person, Yuwen Fei has not officially met him until now.

Of course, with the current net worth status of the two, Lao Ma needs to look up to Yuwen Fei......