Chapter 37: Valuation of 100 Billion (3/5)

Wang Ye had no idea what was happening in distant Europe, and he was now busy negotiating with a few investment bank representatives.

After several rounds of intense and intense negotiations, Temasek withdrew, feeling that Wang Ye's appetite was too big, and if Wang Ye's valuation was based on Wang Ye's valuation, too much money would be invested, and the risk would be too great.

Sequoia Capital and IDG have joined forces, both of which are capital with an American background, and they are inextricably linked. This time, I met a big fish, and it was a bit unbearable to act alone, so I simply joined forces to invest.

On the other hand, SoftBank International, led by SoftBank International, continues to follow up on the investment with several investment banks from Eastern Europe, Japan and South Korea.

On May 18, the top floor of the No. 1 office building of Mingguang Science and Technology Park, in the large conference room.

Wang Ye and Li Xin attended today, and the leader of the joint investor of SoftBank International is Masayoshi Son, and now at a critical moment, Masayoshi Son is also out in person.

Masayoshi Son, who is in his fifties, is short and fat, and his round face looks very kind, this is a Japanese-Korean and a well-known big man in the investment banking industry!

How good SoftBank is in the investment banking industry, as long as you say a data, everyone will understand, this investment bank has invested in more than 600 companies around the world, and more than 300 major companies in the Internet industry, they have basically invested.

It can also be said that the rapid development of the Internet in recent years is absolutely inseparable from the promotion of SoftBank behind it.

"Mr. Sun, I have admired my name for a long time!" Wang Ye greeted him politely.

"Hello Mr. Wang, in the past two years, Mr. Wang has been the first among the newly rising entrepreneurs in the mainland!

Sun Zhengyi put a high hat on Wang Ye when he came up, and Wang Ye said that he was ashamed of it.

The negotiations officially began, because Wang Ye had already stated that this financing would only accept a share transfer and would not expand shares. It means that if you want to participate in Meigou.com, then honestly pay for the shares in his Wang Ye's hands, as long as the price satisfies him, then there is no problem, if he is not satisfied, there is no need to talk.

Son Zhengyi gestured to the assistant next to him to start, and the female assistant in her thirties next to him opened the folder: "Wang Dong, according to the relevant data provided by Meigo.com, we investigated the development of the mainland cosmetics market, and referred to the valuation of similar companies in the mainland market, and finally gave a valuation of 62 billion yuan. ”

This is 10 billion higher than the last offer, which is still a more conscientious price.

Wang Ye nodded slightly and did not make a sound.

Li Xinzheng next to him sat down and said: "I don't know if you have paid attention to a news, that is, in the past April, JD.com, which is mainly engaged in electrical appliances and computer direct sales, carried out a new round of financing, led by Tiger Capital and DST, with a total investment of up to 1.5 billion US dollars! The valuation given to JD.com is 7.5 billion US dollars, that is, 62 billion yuan!"

This news is publicly reported, and it is also the largest amount of money raised by a domestic Internet company in recent years, and everyone present certainly knows it.

Son's aide asked, "What does Mr. Li want to illustrate by giving this example?"

Li Xin smiled slightly: "I'll say a few more data, and you will understand what I want to say." ”

He didn't even need to look at the information at hand, the relevant data had already been memorized, and said loudly: "As of yesterday, the number of registered users of Meigou was 56 million, and JD.com was 25 million; the average daily sales of Meigou Online since its launch was 180 million, and the average daily sales of JD.com in the last month were less than 60 million." ”

As soon as these two key data were reported, it was obvious that Meigou had surpassed JD.com in an all-round way. Then the question arises, why does SoftBank International's quotation equate the valuation of Meigou with JD.com!

Son's assistant pale for a moment, and only replied after a while: "Please note that JD.com deals in electrical appliances and computers, and the market potential and share of these goods far exceed that of cosmetics!"

"However, they also have many strong competitors, as far as I know, a certain treasure invested by SoftBank International is JD.com's biggest opponent. As for Meigou.com, there is no opponent!" Li Xin was in high spirits and pursued while he was victorious.

The other party was speechless when he said this, and Meigou does not have an opponent now, they are investment banks, and of course they understand what this means. This is the most imaginative, but also the most seductive, monopoly!

On the other hand, JD.com, although it operates the most popular products, household appliances and computer machines and accessories, but the competition is also big.

Not to mention the offline electrical appliance chain giants like Gome Suning, there are also e-commerce giants like a certain treasure online who are eyeing him.

Although Jingdong and a certain treasure, one is self-operated, and the other is only a platform, the business model is quite different, and there is no head-on conflict at present. But one mountain cannot accommodate two tigers, and sooner or later there will be competition.

Once this kind of competition is launched, it is extremely tragic, and it basically can't end without distinguishing between life and death. So from the perspective of prospects, Jingdong can't be compared with Meigo.com.

Son remained silent, as if he was not about to speak.

Seeing that Sun Zhengyi's assistant was still trying to tell something, Wang Ye raised his hand and motioned for her to stop.

Standing up, propped his arms on the table, and looking at the representative of SoftBank International, Wang Ye said: "It seems that your understanding of Meigou is not enough to continue, and there is no need to continue to talk about this offer now." Mr. Sun, what do you say?"

Son also stood up, bowed first, and said apologetically: "I'm very sorry, our valuation does not take into account some factors. Please give us two more days and we will recalculate your company's market capitalization and come up with a new quote!"

The negotiations with SoftBank International were temporarily over, and after the news broke, Sequoia Capital and IDG opened accounts overnight to discuss their offers.

Representatives of the joint investment group have come to Pengcheng and stayed at the Sheraton Hotel in the city center. In the suite on the top floor of the hotel, representatives from Sequoia Capital and IDG gathered in a small conference room for a heated discussion.

This is an opportunity for us to underestimate the potential of Meigou and offer a low price. We can take advantage of the situation, give Wang Ye a high price that is hard to refuse, and quickly end this fight before SoftBank reacts!" Zhou Da stood up, waved his arms, and said excitedly.

"However, our offer is already high...... Is it going to be raised, is it too risky?" said Jack, a representative of IDG, hesitantly.

"Not enough, you know what, Jack. You have seen his resume, how many such people have we seen in our decades of investment career? And which one has not become a real big man and made a great company?" Zhou Da's tone was very affirmative, he was firmly optimistic about Wang Ye, investment is sometimes to invest in people, just for Wang Ye, Zhou Da dared to fight.

"And how much more is appropriate?" Jack relented.

"Add 20 billion! The total valuation reaches 100 billion!"

Zhou Da's number made Jack jump up, and he shouted in disbelief: "Are you crazy?!Is Meigo.com really worth so much money?"

"It's worth it! You and I both know JD.com's financing in April, since JD.com can be worth 62 billion, then Meigo.com is definitely worth 100 billion!

"It's crazy, it's crazy! I didn't understand the financing in April, why JD.com is worth so much money, and now I can't understand your valuation!" Jack said incomprehensibly.

Zhou Da calmed down, and he smiled: "You don't understand because you don't know much about the mainland market! Only those of us who have been stationed on the road for a long time know how huge the potential and explosive power of this market is! Moreover, this power will soon be displayed." You see, within this year, there will be a staggering amount of investment on the mainland. That's because more and more peers have discovered that this market is about to enter an explosive period!"

It's not that Jack doesn't know the mainland market at all, he just can't believe it, or he can't accept it for the time being. After listening to Zhou Da's words, he also calmed down and thought about it carefully. In my heart, I have actually accepted this new valuation of Zhou Da.

"Well, you convinced me, and I trust your judgment. But that's a huge amount and I need to report it to the board of directors and get authorization. ”

It's not just Jack who needs to report to the board, but Zhou Da too.

Immediately, the two of them found a room and began to communicate with the headquarters through transatlantic telephones.

The next morning, although they only slept for three or four hours at night, Zhou Da and Jack still looked energetic.

The two got up early to wash, had breakfast, and took the car sent by Li Qinghuan to Mingguang Science and Technology Park.

Also on the top floor of the No. 1 office building, in the large conference room, the representatives of Meigou are still Wang Ye and Li Xin. Sequoia Capital and IDG are represented by Zhou Da and Jack.

As soon as the negotiation began, Jack took the lead in speaking: "Dong Wang, in order to negotiate a suitable offer, Mr. Zhou and I barely slept last night. Trust me, the price will definitely please you!"

Wang Ye smiled: "I am looking forward to your offer, and if the two sides can reach a consensus, I also hope to finalize it as soon as possible." ”

"100 billion! Our valuation of Meigou is 100 billion! However, we need to attach conditions, or a VAM agreement. Zhou Da took the lead and quoted the price directly.

He did not say 20 billion to acquire 20% of the shares, but first started with the valuation price of 100 billion. This is his negotiation skills, 20 billion sounds like 100 billion shock, although the two mean the same thing.

Sure enough, when the word "100 billion" was spoken, even Li Xin was stunned for a moment, he really didn't expect that Sequoia Capital and IDG really gave Meigou such a high valuation, this price is really unbelievable, you must know that Meigou has only been online for a month.

He is really rich, and he is really bold!" Li sighed confidently.