The top floor of the No. 1 office building of Mingguang Science and Technology Park, in the large conference room.

The two parties sat opposite each other at the conference table, with Wang Ye's men on one side and Temasek's negotiators on the other.

There are not many people, Wang Ye is on his side and LISA as negotiators, and Liu Ruomei and Liu Tao are the others.

There were five people on Temasek's side, led by Lee Kwong Wah, and the other four had assistants, lawyers, etc.

Meigou is not short of money, not to mention that it has always been profitable, and the 20 billion yuan of the last internal shareholders' capital increase has not been used up.

Therefore, this time it is not a share expansion financing, but only a part of the share transfer carried out by Wang Ye personally. This was also done after a meeting of many shareholders agreed.

In fact, Sequoia Capital and IDG wanted to eat this part of the shares, but Wang Ye did not agree, and the reasons he gave were also very sufficient. After all, Meigou is going to go out of the mainland market and into the world.

Of course, there may be great resistance to Europe and the United States, but the Asia-Pacific region can always do it, so Meigo.com also needs a shareholder with strong influence in the Asia-Pacific region.

And this transfer of shares is for this purpose.

This is a very good reason, and no one can raise objections.

In fact, when Meigou raised funds for the first time, Temasek was interested in coming to invest, but they were too slow to act.

Temasek's style is to conduct a detailed survey and assessment of the target companies before investing, and the results are very good and the risks are not significant before entering the investment stage.

The rise of Meigo.com is too fast, it was launched in May, and it didn't take a few months to force the two major competitors, Lebee.com and Jumei, one to go bankrupt and the other to be acquired.

Meigo.com has become a leading enterprise dominating the mainland cosmetics e-commerce sales market, and there is no rival as far as the eye can see.

The speed of the first fundraising of Meigo.com was also very fast, and it took less than two weeks from the release of the news to the announcement of the successful financing.

On the one hand, this is because Meigou is so good, and the current performance and future prospects are very good.

On the other hand, there are too many investment banks that want to get a piece of the pie, and other investment banks are not as cautious as Temasek, and their investment style is obviously much bolder.

Take Sequoia Capital as an example, they also focused on Meigou in advance, and it took less than two weeks to complete the investigation and evaluation of Meigou.com, and came to the conclusion that S-level investment objects, once they have the opportunity, they will pay a relatively large price to invest.

Therefore, as soon as Meigou released the news of financing, Sequoia Capital immediately made an offer. Even if Wang Ye's appetite is relatively large, after signing the VAM agreement, Sequoia Capital also met his conditions.

Temasek was too cautious, and it took more than two months for a single survey to be conducted. Before the results of their investigation and evaluation came out, Meigou.com had already announced the completion of financing and closed the door to admission.

Although it lost the opportunity to enter the market in the first round of financing, Temasek did not give up, but continued to follow up the research, and in this period of six months, the evaluation of Meigo.com has also become higher and higher.

After waiting for this second round of funding, the members of the Temasek Investment Committee met and decided that they must get the tickets for this time, so one of the members, Lee Kwong Wah, was sent over......

……

Wang Ye looked at Temasek's negotiator Lee Kong Wah opposite, who was also a young man who looked like he was twenty-three or fourteen years old.

At this age, being able to blend into the Temasek committee obviously has an extraordinary background, and when it comes to his surname Li, Wang Ye understands a little in his heart.

This young man must have been born in the "Li family", and it is estimated that he is still a descendant. Moreover, I am sure that Lee Guanghua himself is also very good, otherwise he would not have been praised and entered the top management of Temasek at such a young age.

And Li Guanghua, looking at Wang Ye directly opposite, also secretly sighed in his heart, sure enough, the mainland is full of outstanding people, and all kinds of young elites are emerging in endlessly.

As for Wang Ye, of course, they Temasek have a clear understanding of the investigation. The family has no background, which is equivalent to starting from scratch. In less than two years, he controlled several large companies, and even this Meigou network, Wang Ye owned 50% of the shares.

Not to mention other companies, once this Meigou network is listed, the shares in Wang Ye's hands are at least worth tens of billions of yuan, and may even be higher!

In contrast, he was born in a prestigious family, graduated from one of the world's top universities, and entered the prestigious Temasek team just after leaving school, and was promoted to the investment committee in less than three years, which can be regarded as one of the company's top management.

This kind of qualification is already very good, but it still can't be compared with Wang Ye.

The two of them have their own thoughts and appreciate each other, but the people next to them have different feelings.

Liu Tao sat not far behind Wang Ye, and with his status, of course, he was not qualified to sit at the negotiation table.

Coincidentally, Liu Tao is also 24 years old this year, the same age as Wang Ye, and it is estimated that he is almost the same age as Li Guanghua.

But compared with Wang Ye and Li Guanghua, he is too far behind.

Those two young people, one is a big boss with a net worth of tens of billions, and his subordinates control several promising enterprises.

The other one, which can represent a huge capital with a scale of more than one trillion yuan, is obviously also a figure with hands and eyes.

But what about himself, a few days ago, he was just a small investment director with a monthly salary of only 10,000 yuan, plus a commission, and he was so happy that he could get 20,000 or 30,000 yuan a month.

At that time, I couldn't imagine what the world of Wang Ye and Li Guanghua was like.

……

Negotiations officially began, and this time Wang Ye intends to transfer 100 million shares.

Now Meigou has a total share capital of 850 million, and Wang Ye has 425 million in his hands, of which 25 million shares are used to invest in the Danish Royal Fund.

In other words, the shares that Wang Ye can use now are 400 million shares.

The last time their shareholders increased their internal capital by 20 billion yuan, it was based on a valuation of 100 yuan per share. But Wang Ye is now transferring shares to external capital, and it is obviously impossible to calculate it at 100 yuan, because at that price, he will lose too much.

To calculate the valuation of a company, especially an Internet company, it is obvious that you must first look at various data. What is the number of registered users, the number of active users, daily and monthly active users, payment rate, etc.

These data are even more important than the financial data of the enterprise!

Because these data represent the status of this Internet company in the industry and the prospects it has.

If you look at the financial data, then a company like Amazon should have gone bankrupt a long time ago, losing billions of dollars a year......

But the reality is that Amazon not only did not go bankrupt, but has a market value of hundreds of billions of dollars, becoming the world's largest e-commerce platform. This kind of thing is incomprehensible to traditional entrepreneurs.

The reason why investors are optimistic about Amazon is that it is optimistic about its industry, its leading position in this industry, and the bright future prospects.

This kind of investment concept was not suitable for the mainland at the beginning, and for example, the stock exchanges in Shenzhen and Shanghai have no domestic Internet companies listed here.

Because these two stock exchanges have imposed a mandatory rule that a company must be profitable for three consecutive years before it can have the basic listing qualifications!

Just this one makes all domestic Internet companies sad, and they can only go public abroad.

Therefore, Temasek's assessment of the value of Meigou is first and foremost based on the data. The most important data, the number of registered people on Meigo.com, has now reached more than 100 million!

At the beginning of 2012, there were more than 300 million Internet users in China, of which about 40% were women, or 150 million.

And the female netizens who know how to do online shopping, or are willing to accept online shopping, that is, more than 100 million, have been wiped out by Meigou.com.

Because most of the online shopping of women is to buy some cosmetics and clothes, and Meigo.com can now be said to be the only cosmetics e-commerce platform in China, how can female netizens not register.

As for paying users, that is, the number of people who have made at least one purchase on Meigo.com is now as high as 80 million. The pay rate is as high as 80%, which is a very outstanding number.

If you only look at these two numbers and don't have an intuitive impression, then compare the data of JD.com to know what this represents.

In 2011, the total number of registered users of JD.com was 85 million, while the number of paid users was less than 50 million.

As for the financial data, Meigo.com is even more eye-catching, and sales have been growing steadily as the number of brands sold on the platform increases.

In 2011, in the second half of the year, in seven months, Meigou achieved sales of 40 billion, that is, an average of 200 million per day!

This figure steadily overtook JD.com, and JD.com's daily sales data last year was only less than 150 million.

Of course, Li Guanghua is well aware of these figures, and he said with a smile: "The performance of Meigou is indeed very good, and if we compare it with JD.com, we are indeed more optimistic about Meigou.com." ”

This optimism is indeed reflected, and Temasek's quotation has given Meigou a valuation of $20 billion! This is also more than JD.com's current valuation.

In JD.com's latest round of funding, it was valued at $16 billion. The past two years have also been the stage of JD.com's rapid development, so the valuation is not low. But this round of investment banks that have invested in Jingdong are estimated to be scared in the second half of the year, and next year, they won't be able to cry.

From 2012 to 2013, Jingdong was at a low point in its development, with weak growth, losses, intensified competition, and various unfavorable factors followed.

In February 2014, before JD.com was about to go public, Wall Street's valuation of JD.com was only $7.5 billion!

Of course, this is also a deliberate crackdown on JD.com, which was worth $28.5 billion on the first day of its IPO in May 2014.

Among the shareholders of JD.com, only Tiger Global Fund, a shareholder with a US background, is a shareholder, and the rest are from the mainland.

And Wang Ye is obviously much smarter, and the first round of financing introduced Sequoia Capital and IDG, two major Wall Street capitals, to pave the way for the listing of the NASDAQ.