"The most successful company to go overseas?"

Lan Lan smiled and said, "I heard me right! Who commented on it? Mr. Liu, you gave it a comment?"

Liu Zhuang's old face flushed, knowing that it was too exaggerated, and said stubbornly: "In terms of user volume, it is indeed the one with the largest number of users in China's overseas company!"

"If there are a lot of users, can I exchange money?"

Lan Lan's sentence goes straight to the core, there are no users in the city, and the monetization ability is extremely poor.

"Why can't you exchange money?"

Liu Zhuang was not happy and said: "Mr. Lan, haven't you Ruixiang never made a full profit?

Chizicheng is similar to your Ruixiang, both of which belong to the stage of subsidizing users in the early stage, and they are far from the moment of full profit.

It's the same as raising fish in a pond, you have to let the fish grow up before you can release the water to catch the fish!

At this stage, it is too short-sighted to dry up the water and fish! It is far from maximizing profits!"

"I'm afraid that this pond has a loophole, and the fish will run away!"

Liu Zhuang frowned and asked, "Mr. Lan, what do you mean by this? Where is there a loophole in Chizi City? Please point it out." ”

"The loopholes are that there are not enough active users, the usage time is too short, there is a lack of advertisers, and the business monetization ability is poor. ”

Lan Lan ruthlessly exposed all kinds of defects in Chizi City, and Liu Chunhe, who was sitting on the side, was red, but his skin was dark and he was not seen much.

Liu Chunhe also knew that what Lan Lan said was basically true, and if these defects could be solved, I am afraid that a zero would be added to the valuation of Chizicheng.

Liu Zhuang is also a middle-aged man after all, although he has anger, but he is not as big as a young man, he suppressed the anger in his heart and asked: "That Pure City is so bad in the eyes of Mr. Lan, why did Ruixiang buy it?"

Lan Lan smiled confidently, "We are confident to fill these loopholes!"

"How do you make it up?"

Liu Zhuang smiled disdainfully, "If there are loopholes, can they be filled?" I'm afraid it's not the reason that Mr. Lan is looking for to lower the price!"

Rui Xiang disdains to find these reasons, because the data does not tell lies, and the various operational data of the Pure City are here.

With an annual revenue of less than 100 million yuan and a net profit of 20 million or 30 million, Ruixiang has given nearly 100 times PE.

I think you should be satisfied with this valuation!"

Lan Lan's words made several investors frown, it sounds like a hundred times PE is really good, but what about the 300 million users in Chizi City?

10 yuan for a user, it should be 3 billion!

"The Solo system product matrix has 25 million daily active users, 85 million monthly active users, more than 250 million Google Play installs, and users in more than 30 countries around the world......

Liu Zhuang began to list these scary numbers again, which sounded pretty awesome, but he couldn't make any money, so he didn't make it.

Zhang Yida didn't speak, just listened silently.

The two teams of Solo Launcher and Solo Lock Screen Master won the title of "Global Top Developer" issued by Google, which is the best achievement of Chinese Internet companies in the history of globalization.

These data, these honors, all prove the value of the city.

It's just that Chizicheng hasn't found a means to make a large-scale profit now, but with so many users, sooner or later there will be a day when the gold mine will be dug up. ”

Liu Zhuang spoke like a great company was about to be born.

Wu Shichun couldn't stand it anymore, and after Liu Zhuang finished speaking, he looked at Zhang Yida and said, "Mr. Zhang, the valuation of 2.04 billion is indeed a little lower, how about adding it to 3 billion?"

10 yuan for a user is definitely not expensive.

In addition, I believe that Mr. Zhang, you have found the trick to make the city profitable!

After you buy Pure City, you can definitely make a profit that far exceeds the purchase price.

We quit with dignity, and you won't suffer!"

"Why don't I suffer a loss? An extra 1 billion is not money!"

Zhang Yida said a few words in his heart, and replied with a smile: "Mr. Wu, you are laughing." Chizicheng has been fully out to sea in 13 years, and it has been three years now.

Liu ChunheLiu is always a great CEO, and he knows the company better than any of us.

He didn't find a way to make a big profit, how could I possibly find it?

As you know, Ruixiang, Huimin Travel, Yimin Netfinance, and Doushi, these four companies under my umbrella are all going to sea.

I'm interested in going overseas on the Internet. It just so happened that day at the Marina Bay Sands Hotel in Singapore that Spring River found me to talk about cooperation again, so I learned a little about the Pure City and the entrepreneurial story of Spring River.

Seven years ago, a poor student told his classmates and friends: I want to create a company that changes the world, a great company.

But at that time, all the people who listened to the "boasting" of this poor student felt that the "great" declaration could not be realized.

This humble student is Chunhe.

Of course, I'm a neutral word for a poor student, including myself.

From the ravine of Rongcheng, he was admitted to Beijing University and changed his fate. ”

Liu Chunhe straightened his waist on the side, he didn't expect that he was so highly rated in Mr. Zhang's mouth, he was very moved.

Lan Lan, who knows Zhang Yida better, held back her laughter, Are you still cold? She has heard the story of Ruixiang's 1 million angel investment.

There is also a poor ravine, bullying me for not learning geography? Is it good that Rongcheng is a plain?

The other investors in Chizicheng paid close attention and listened carefully to Zhang Yida's words.

Zhang Yida continued: "Chunhe founded the Chizi City during his graduate studies in Beijing Post in 09, and confirmed the direction of entrepreneurship from the off-campus training class to 2013.

During this period, we have been exploring and accumulating, exploring business models and directions, and accumulating social experience and human resources.

Under the huge business opportunities of mobile Internet development, Chunhe decided in early 2013 that the direction of the city is the entrance of the mobile Internet.

It was half a year before I founded Ruixiang, but we all have one thing in common, that is, the mobile Internet market we are targeting.

When he was doing SoloLauncher, Chunhe only had 4 employees around him, and he was still doing R&D and making products in a private house in the capital, and his life was very difficult.

The house is both an office and a residence, and when you are tired of writing code, you go to lie in the room for a while. Wake up and start coding again.

At this point, I'm luckier than Harukawa. From the very beginning, Beijing University provided Ruixiang with the office of the Entrepreneurship and Entrepreneurship Center.

As for the choice of the market, Chunhe told me this: First of all, in the context of Internet globalization, especially the mobile Internet, China's Internet has developed rapidly and has begun to catch up with overseas, so it is an inevitable trend for Chinese products to be exported overseas.

The second is that the overseas market is vast, and the last is that the infrastructure for overseas development has been improved. ”

Zhang Yida looked at Liu Chunhe again and asked, "Chunhe, have you ever said this: if overseas users can't reach 1 billion, Chizicheng won't set foot in the domestic market?"

"Yes!"

Liu Chunhe's face was full of firmness, "If it can reach 1 billion overseas users, it means that the products of Chizicheng are completed and they are qualified to return to China to wrestle with the giants."

If we can't reach it, it means that we still need to cultivate!"

"Listen!"

Zhang Yida pointed to Liu Chunhe, "This kind of spirit of not breaking Loulan and never returning it needs to be learned by many entrepreneurs who are willing to keep it in China."

This is also one of the things I appreciate most about Spring River.

Grow up in the predicament, and never admit defeat in the face of difficulties and obstacles!

From its establishment in 09 to the first angel investment in 14, it took five years.

It's been five years! Ruixiang has not been founded for five years.

If I hadn't received the investment from Zhenke Fund and Blackshirt Capital, I might have closed Ruixiang a long time ago, let alone held on for five years. ”

"Mr. Zhang, you are serious!"

Wu Shichun shook his head and smiled, "I've heard a lot of mutual finance bigwigs say that Ruixiang has only been open for a month or two, and he has made millions from them.

Together, these companies have contributed tens of millions of profits to Ruixiang!

Even if Ruixiang didn't get financing, it should be able to persevere, right? It's just that the pace of development is not as fast as it is now. ”

"Hey, so I'm also very grateful to the old customers of Yiyin Loan and Clap Loan!"

Zhang Yida nodded in acknowledgement, and said: "Saying so much, in fact, I want to express a point of view, I appreciate Chunhe more than the company."

Ruixiang, Huimin Travel, Yimin Netfinance, and Doushi all plan to advertise part of their overseas business to Chizicheng in the future.

I can't guarantee that it will be possible to contribute tens of millions of revenue to Chizi City a year. ”

Liu Chunhe remembered that Zhang Yida didn't say that day, where is this advertising business?

But Liu Chunhe won't tell the truth, to tell the truth, these investors in Chizicheng don't wait for the price to sell?

In case Zhang Yida ran away angrily, he would be blind, and a large number of advertising cooperation orders would fly away.

Wu Shichun's eyes were full of doubt, he wouldn't believe Zhang Yida's nonsense.

Appreciating a person, holding his company?

Wu Shichun felt that Zhang Yida must have the key to making the city profitable.

But if Zhang Yida is not allowed to control it, they can't make a lot of profits by guarding the Red City.

At the same time, he just let it go, he was not reconciled, the rate of return was too low.

Over the years, he has been waiting for the next project with a return of 1,500 times.

Headlines could have been promising, but he was too late.

It will take hundreds of millions of dollars to make another move, which puts a lot of pressure on him to make early investments, so he can only give up.

"Mr. Zhang, you have a big business, add a little more, this 2.04 billion is really low. Liu Zhuang said aloud.

"Mr. Liu!"

Zhang Yida looked at Liu Zhuang and said, "A one-time cash withdrawal is not an opportunity to come at any time.

I'm an entrepreneur myself, and I'm no stranger to valuation bubbles in the primary market.

In the past few years, it is really difficult to say whether the company can maintain the valuation of the primary market after it has been listed. ”

Liu Zhuang smiled, knowing that he had met an expert, there was too much hot money in the market in the past two years, and the valuation of the project was higher than the other.

In a few years, it is really difficult to say whether the listing of these unicorn companies will break, or the valuation of the primary and secondary markets will be inverted.

The company is inclined to sell the shares of Chizicheng, but the price needs to be discussed.

In eight months, 180 million earned 160 million, with an annual return of 150%, which is also a successful investment case.

Seeing that Zhang Yida did not let go, Liu Zhuang, who had finished the three-nail rake, no longer hesitated, and said: "That's okay! Then my old Liu will also give Mr. Zhang this face." But I have a request, which is that the purchase price must be paid in a lump sum. ”

Du Li, Zhou Weili, and Wu Shichun glanced at each other, all speechless, this Liu Zhuang roared the hardest, and was the first to surrender.

Wu Shichun also sighed, his allies also surrendered, and the management team led by Liu Chunhe also supported Ruixiang Holdings, and he was also helpless.

"Okay! Mr. Zhang, you have won! I hope that the Red City will create greater brilliance in your hands. ”

Wu Shichun got up and shook hands with Zhang Yida, knowing that the matter had come to this point and could not be reversed, so he simply formed a good fate.

Wu Shichun glanced at Zhang Yida deeply, wanting to see some clues.

But Zhang Yida looked as usual, just nodded at Wu Shichun and said, "Thank you Mr. Wu for your support!"

Du Li, Zhou Weili was quite satisfied with this valuation, and when they saw that the other two agreed, they both nodded in agreement.

Then Zhang Yida arranged for people to carry out a series of equity change procedures, and won 65 shares of Chizicheng at a price of 1.326 billion yuan, becoming a holding subsidiary of Ruixiang.

The result is naturally happy, especially Wu Shichun and other three early investors, who have shared hundreds of millions of dollars and obtained dozens of times the return.

But Wu Shichun always felt that he had lost money, and secretly made up his mind that he would pay more attention to the actions of Chizi City in the future.