Xiong Xiaoge also understood at this time, the feeling is not to get a piece of the pie, but to serve all the pots!

Excited to sprout this thing and become a billion-dollar market value giant, he feels that there is little hope. Watermark Ad Test: Watermark Ad Test

Without him, China's giants are too ruthless!

If Guo Lie had Zhang Yida's ability, he felt that there was a probability of success.

Of course, Guo Lie is not bad, but he is still several ranks behind Zhang Yida.

If Guo Lie continues to operate, Jimeng may be a small but beautiful project, which is loved by teenagers and female users, but it can't make a lot of money.

But in the hands of Zhang Yida, he may be able to create something different.

He is not at all resistant to selling companies and shares.

was originally in this business, as long as the money was in place, he could still help Zhang Yida persuade Guo Lie to sell the company.

However, selling the company is a big deal, and the main will depends on the founder Guo Lie.

He is the CEO, the majority shareholder, and holds the most voting rights in the company.

If he doesn't want to sell the company, he can't force the knife holder around his neck.

He looked at Guo Lie and observed the young founder's reaction.

"Jimeng has not yet touched the growth ceiling, and users have been growing rapidly. ”

Guo Lie still wanted to say a few words, but Zhang Yida interrupted, "Can you kill Meitu, Kuaishou, and Shake Vision? If you can't kill it, 100 million users will be your ceiling."

A few minutes of user usage time, and ads don't make a lot of money. ”

Although Zhang Yida said it very nakedly, Xiong Xiaoge on the side nodded secretly, worthy of being a small giant, and his eyes were very poisonous.

They IDG participated in the angel round and Series A investment, why not participate in the B round investment?

It's a simple sentence: not particularly optimistic.

Investing a few million is to touch the probability, what if the product is on fire?

If you want to invest tens of millions, you need to weigh it carefully.

"Even with 100 million active users, we can be a unicorn company, right?"

Guo Lie thought about it, and really couldn't refute Zhang Yida's words, but he still replied stiffly.

"Are unicorns satisfied?"

Zhang Yida's smile and slightly sarcastic tone stung Guo Lie's arrogant heart a little.

He thought that as an 89-year-old man, he could build a unicorn company before the age of 30.

In China, and even in the world, it should be regarded as a leader!

Why does Zhang Yida look down on it?

Lenovo Zhang Yida's identity as the chairman of three listed companies, there are two super unicorns with a valuation of tens of billions of dollars, and there are several small unicorn companies.

The other party is indeed qualified to say such things. Unicorns are beyond the reach of ordinary entrepreneurs, but for Zhang Yida, it is just the starting point of the company.

"Join the Zhonghe Group family, I will take you to the international market for a lap and talk to the "dead fart burp". ”

"Dead hiccups?" Guo Lie was a little puzzled.

"That's the code name I gave Spiegel, and when Moe joined our team, Serab became our rival, and sooner or later we had to burp them. ”

Zhang Yida's humor almost made Guo Lie forget that the other party wanted to buy his company, and he laughed along.

"Don't laugh, I've seen that kid unhappy a long time ago, and clean up some empty things in a day.

Looking at Serab's earnings report, it lost $372.9 million in '15 and $514.6 million in '16.

There are too many temptations in capitalist countries, and I don't think the burp brothers have long since lost the enterprising spirit they had back then.

Let Ji Meng enter the international market at this time, just caught him off guard. ”

Guo Lie is also seriously thinking about Zhang Yida's words, if he sells the company to Zhonghe Group, what can he gain?

Get a lot of cash to marry Bai Fumei, or a bigger platform to show your ambitions?

"Yida, you're so sudden, I need to think about it. ”

Guo Lie's whole mind is very chaotic now, and he listens to a lot of what Zhang Yida says.

Isn't it just for a better life that I have worked so hard to start a business.

The wife who plays with the legs, the luxury car and the mansion, and the school district house of the child will not be pulled out by the children in the future......

Changing the world?

Before you start a business, no one will listen to you for anything, and if you start a business, a fart will be fragrant.

Zhang Yida waved his hand, "What else do you want, join Zhonghe Group, you can choose cash + equity, or all cash or all equity."

You are a shareholder of Zhonghe Group, and you continue to be responsible for the products of Agitation.

We are not superiors and subordinates, but partners.

The results of Shake+ are not hidden from you, and the global registered users are approaching the 1 billion mark.

As far as the eye can see, there are Facebook, YouTube, and salab.

It's not fun to fight at home. Fight with global giants, and then it will not be in vain to go through the world. ”

The dilemma of Serab, the shackles of cuteness, the pursuit of material life for entrepreneurs, the vision of Zhonghe Group, and so on.

Zhang Yida said everything that should be said, and how to choose depends on Guo Lie himself.

If Guo Lie was smart enough, Zhang Yida guessed that he would not refuse him.

Guo Lie set his eyes on Xiong Xiaoge and motioned for the latter to say a few words.

Xiong Xiaoge said, "Let me say a few words! Yida has a thorough analysis of the current situation of the industry at home and abroad.

The further growth of the mote even broke out of the cocoon into a butterfly and evolved into a social platform.

It is bound to move the cheese of vested interests, leading to more fierce fighting.

But is that something that can be resolved? Or can we find allies, like penguins, to invest?"

"Getting investment from penguins can indeed withstand a lot of dark arrows.

But the key is to prove its worth, for example: let users develop the habit of image socialization.

Picture social, China 08 years on the emergence of petals, users can collect pictures from other websites to the petal network to share.

In 10 years, Duitang.com, which is similar to the Petal.com model, was also launched, and the two websites opened the prototype of picture social networking in the PC era.

In 2013, China's mobile Internet users exceeded 500 million, and the proportion of Internet users using mobile phones to access the Internet increased to 81%, and China's mobile Internet industry began to usher in a big explosion.

Ruixiang, Yimin Netgold, and Jimeng were also established in this year.

In this year, the field of picture social networking gradually branched out, and apps such as nice and in were launched respectively, and picture social networking entered the era of mobile Internet.

In was also listed on the New Third Board last year, becoming the first stock of China's photo social network.

What kind of market is the new third board, everyone knows in their hearts. I won't say more.

Let's talk about the fundamentals of Jiuyan Technology, an in software operating company.

In 15 years, the revenue was 670,000 yuan, and the loss was 212.74 million, and in 16 years, the revenue increased more than 50 times, reaching 37.26 million, and the loss was 131.81 million. ”

Zhang Yida laughed when he read this material report, so he simply didn't read it, and handed the material to Xiong Xiaoge.

Zhang Yida continued: "Through these data and reports, we can see that photo social media is not as popular in China as it is abroad.

Analysts value Ins at $35 billion, while Serab has a market capitalization of nearly $30 billion.

With such a large market in China, let alone a company of the same size, it has not even reached one percent of the volume.

What causes it?

The first is that the penguins are too powerful, and any social product, if you want to be big, can't get around it.

The siphon effect makes it difficult for other social products to shake their position unless they can be replaced, which is extremely unlikely.

In terms of commercialization, the imagination of picture social networking is also very narrow.

There are three and a half main profit models in the Internet industry, e-commerce, games, advertising, and Internet finance.

These three semi-profit models have long been carved up by several major Internet giants, and it is difficult for small companies to have a big breakthrough.

In terms of functionality, image social products tend to overlap with other social products.

Pictures themselves are not social, they are more like public communities, that is, public images further promote social relationships.

This demand conflicts with space, and the first platform where users want to share photos is space.

Instead of in, nice, which greatly reduces the number of images they upload.

Without enough image uploads, you won't be able to attract enough users and settle social relationships.

In the final analysis, picture social networking is still niche and cannot stand on the mainstream vision.

You ask, how many people around you know about picture socializing, and even play picture socializing?

So many companies have not completed the great business for so many years, and Jimeng is confident to complete it?

Meitu also wants to transform from a tool-based software to a social platform, but it remains to be seen what kind of results it can achieve. ”

Xiong Xiaoge nodded, what Zhang Yida said are all pain points in the industry!

He believes that the most important of these is the existence of penguins, which greatly restricts the growth of domestic picture socialization.

Unlike Facebook, Penguin launched QQ Space in 05 and WeChat Moments in 12, both of which accurately stuck the neck of domestic picture socialization.

Facebook acquired the picture social software ins in 12 years, and the instant messaging software WhatsApp Watsip in 14 years.

There is a time lag left here, taking Serab as an example, it was established in 2011 and quickly attracted the attention of Xiao Azako after growing up.

Xiao Mazi continues to launch similar products, and all kinds of tricks are used, but they can't stop the take-off of the salad.

In 13 years, he offered a purchase price of $3 billion, which was also rejected by Brother Hiccup.

Up to now, Serab has cut away a piece of fat that originally belonged to the Facebook bowl, mainly teenagers born in the 90s.

These people don't like Facebook's products, find them not fun enough, old-fashioned, and prefer fashionable and trendy salads.

As for commercialization, Xiong Xiaoge thinks it's okay, as long as there are enough users and usage time, commercial monetization should not be too simple.

Live e-commerce, game promotion, advertising platforms, and loans to users can all be displayed in three and a half profit models.

Perhaps in the hands of Zhang Yida, the greatest value can be exerted.

This kid has a good hand of cards in his hand, three and a half profit models have layouts, and a bunch of national-level applications, and he has a traffic entrance.

In addition, it is also a good move to let Jimeng go abroad and see the world abroad.

Domestic users don't have the habit of picture socializing, but foreign users do!

If you can achieve tens of millions of monthly active users abroad, it will be a different scene.

"Yida, in your hands, you can indeed exert greater power. For Zhonghe Group, it is also like a tiger with wings. ”

Xiong Xiaoge looked at Guo Lie again, "Xiao Lie, I personally prefer to "merge".

Of course, as the founder and major shareholder, you have to be the one who makes the final decision. ”

Guo Lie nodded and looked at Zhang Yida, "Yida, I can sell it to you, but I have a few conditions." ”

"You say!"

"First, I hope that I can continue to be the product owner of Exciting Cute;

Second, I hope that the team can continue to stay in Pengcheng, because everyone prefers the entrepreneurial atmosphere here;

Third, let Jimeng try to go to sea once with the support of Zhonghe Group. I didn't have this capital before, but now I want to see if I can produce results.

Fourth......

Guo Lie always put forward seven or eight conditions, all of which are some small things, and the latter ones are all about team treatment and options.

It can be seen that he is still very affectionate, and he is willing to sell the company only after determining the treatment of the brothers who started a business together.

It's not a big deal, Zhang Yida agreed to it all.

At noon, they had another meal together, Guo Lie said goodbye to Zhang Yida, returned to Pengcheng, and then notified the major shareholders and threw out a draft resolution to sell the company.

Except for Meitu, other shareholders expressed support.

Meitu is worried that it will get the funds and resources of Zhonghe Group and will become a fierce rival of Meitu in the future.

Other shareholders are counting on the share swap to become promising Zhonghe shareholders.

Meitu held less than 10% of the shares, and the opposition had little effect, and the board of directors quickly passed a resolution to sell the company.

Zhonghe Group plans to acquire Jimeng for $200 million, including $50 million in cash and $150 million in additional shares.

In the cash part, Meitu withdrew with $20 million, and the founding team chose to cash out $30 million.

Other shareholders, such as IDG Capital and Lightspeed China, have opted to swap out the full amount of their shares for those of Zhonghe Group.

Zhonghe Group's valuation is a bit tricky to calculate, and the last round of funding was a year ago.

In the middle, it has experienced several major events, such as the merger of Pindodole and Doushi, the skyrocketing GMV of Pindodo, and the rapid growth of users.

Valuation is a problem!