Chapter 517: Selling Flying Technology (1/4, 12,000 more subscriptions!)

The mobile game market has become lively with the emergence of exciting battlefields and wilderness action.

Netwing is a big business, and more people are still optimistic about the later Netwing turnaround.

But Starry Sky Mutual Entertainment is not bad, relying on PUBG terminal games to make crazy money all over the world, and the mobile game is also quite well-made.

The main point is that Star Mutual Entertainment is too insidious, well, that's the definition given by the gaming world of being ambushed through the net wings.

Netwing didn't expect Starry Sky Mutual Entertainment to perineum himself, and Netwing had to eat this loss.

Shen Lang checked the information, and Bai Yan also analyzed Shen Lang, and the annual revenue of the stimulating battlefield would not be less than 400 million US dollars.

The level of gold absorption is definitely not comparable to PUBG, but it is not bad, and Star Interactive Entertainment will be divided into two production teams in the future.

One is specifically responsible for the PUBG terminal game, cracking down on cheats, and updating new versions at any time.

The other is the mobile game team responsible for stimulating the battlefield, as long as there are daily active users, it is still very possible to make money.

Now the task of the Star Interactive Entertainment mobile game team is the foreign version, and it is actually better to make money from abroad.

The Wilderness Operation, which includes Netwing, originally generated no less than $400 million a year, of which nearly 80% came from the island market.

The ability of domestic players to pay is still worse than that of foreign countries, and if you want players to pay out of pocket willingly, you must have excellent game quality.

This is also the belief that Shen Lang instilled in Starry Sky Entertainment, if you want to do it, you will make a masterpiece!

……

Feixiang Technology, Chairman's Office.

Chen Yaoyao made a cup of tea for Shen Lang, and then stood silently behind Shen Lang.

Yu Chaoqun hadn't seen the big boss for a long time, and when he saw Shen Lang coming back, he hurriedly reported: "Mr. Shen, the financing matter has been decided." ”

"The emergence of Fosun Capital is quite beneficial to us, and Penguin agreed to co-lead the investment with Fosun Capital, with ICBC International, Sequoia Huaxia and IDG following the investment. ”

Shen Lang is not familiar with Fosun Capital, but no matter what the purpose of Fosun Capital, it is of course the most beneficial for Shen Lang to try to enter the bike-sharing company.

After Yu Chaoqun's report, he waited for Shen Lang's reply, and the valuation of US$3.5 billion was a condition for Fosun Capital to enter the market.

The Penguin family is not bad for the big business, and the other capital is just co-investing, and the share and investment are relatively small.

"With so much investment coming in this time, then take out 10% of the shares, how much does Fosun Capital want?"

"Fosun Capital asked for at least 3%, and they even had the idea of investing alone, but they were directly rejected by Penguin. ”

Penguin has always attached great importance to Flying Technology, and Ma Teng directly instructed Chen Zhijian to lead the investment.

In the end, Fosun Capital got 3%, Penguin got 4%, and the remaining three each got 1% of the shares.

At the same time, through this round of financing, Feixiang Technology raised another 350 million US dollars, which is not an exaggeration to say that this money is enough to defeat ofo.

The financing matters were determined, and the news of Penguin and Fosun Capital leading the investment, and ICBC International and other follow-up investments spread throughout the venture capital circle in an instant.

Chen Dawei naturally also received the news that Feixiang Technology's E round of financing was valued at $3.5 billion, and the financing received $350 million.

David Chen had to admit that he was really scared!

Now Feixiang Technology is too rich, look at Feixiang Technology has carried out Series E financing, and it is as high as 3.5 billion US dollars!

ofo has just finished its Series D round, and its valuation will only be $800 million.

If it weren't for the low cost of ofo's small yellow cars, the money from several financings would have made the small yellow cars almost all over the capital.

The development of ofo in the northern market is good, but there is no need to think about it in the southern market, several first-tier cities in the south have directly signed an agreement with Feixiang Technology, and only Feixiang bicycles are stationed to build a better city.

Chen Dawei just wants to scold his mother, a beautiful chicken, only a flying bicycle is beautiful?

Shen Lang's speech at the Davos Forum, the most moved was actually Chen Dawei, Chen Dawei is different from Shen Lang.

He really wants to make ofo a listed company, but Shen Lang knows the disadvantages of sharing bicycles, so he has never been the focus.

"David, good news, Erriba has made an offer!"

Xue Ding, one of the friends with whom David Chen started a business, walked in without knocking on the door.

Chen Dawei didn't care, but ofo failed because Chen Dawei was too self-righteous, thinking that he could easily manage the company with a few classmates who graduated from Capital University.

The management lacked experience and ability, and even many executives couldn't stand it and jumped ship, and many even joined Feixiang Technology.

Chen Dawei motioned for the secretary to go out and close the door first, then looked at Xue Ding with a happy face and asked, "What's the matter?"

"Good thing, Eribaba can't sit still, and they're going to make a billion dollar valuation and make a strategic investment of $100 million in us. ”

Although David Chen was a little happy, he thought about the financing that Feixiang Technology had just completed: "Is it just $100 million?"

Xue Ding glanced at Chen Dawei strangely: "David, this is normal, we may carry out several rounds of financing in the future, just this time we have to take out all the shareholders to come up with the shares that introduced Eribaba." ”

David Chen knew that he had completely entered the Eribaba system this time, and the two giants pinched each other, and the most direct confrontation was Feixiang Technology and ofo.

"You can help me ask them, if I use all the liquid assets of ofo as collateral, can you help me borrow 300 million US dollars?"

"Are you crazy?"

Xue Ding looked at David Chen in horror.

David Chen shook his head: "I'm not crazy, 300 million US dollars is the budget I made, I guess that Feixiang Technology will brew a round of onslaught soon, if we can't resist, we will be completely finished." ”

Xue Ding asked puzzledly: "But, isn't 100 million dollars enough?"

"It's not enough, we can use it for a while, but if it really starts a money-burning war, how long do you think 100 million dollars can last?"

Xue Ding was asked by Chen Dawei, and the horror of the money-burning war can be seen by Didi, the shareholder of ofo.

killed all the opponents, leaving only his own family alone, and the current Didi survived the money-burning war.

Even the penguins are willing to bow to Didi, and Didi's money-burning offensive is too ruthless.

"Then I'll ask, it should be fine. ”

Xue Ding listened to Chen Dawei's words, and hurriedly got up and left to recontact Eribaba.

Eriba consulted Ma Jun, and Ma Jun agreed to the matter of ofo's loan, using all the shared bicycles now held by ofo as collateral to lend $300 million to ofo.

Counting the $100 million in financing, ofo also has $400 million.

Chen Dawei prepared the ammunition, so he didn't panic, although the valuation is not as high as Feixiang Technology, but the actual financial resources of the two sides in this battle are still comparable.

On January 23, WeChat and Feixiang Technology took the initiative to attack, and all users who ride shared bicycles can randomly get red envelopes, with a maximum amount of 1888.

burns 100 million a day, in exchange for a national carnival, as long as you ride a bicycle, you can get red envelopes.

Almost all the flying bikes on the market appear in the streets and alleys, forming a unique scenery.

Coming up for the Chinese New Year, shared bicycles in the south will not be affected, if it is in the northeast of Shen Lang's hometown, then I am afraid that the bicycle will freeze to death.

Ofo also reacted quite quickly, and immediately joined Alipay to do the same activity the next day.

The money-burning strategy of riding to receive red envelopes is carried out at the same time in two companies, and once the money-burning war starts, whoever stops first is the loser.

Shen Lang was also a little curious about where ofo got the money to fight with himself, but when he heard that Chen Dawei used all ofo bicycles as collateral, he was also a little admired.

What a ruthless man.

But this has nothing to do with Shen Lang, because the Wang Xing that Shen Lang has been waiting for is finally here.

Wang Xing's visit this time was quite sincere, and Shen Lang personally made tea for Wang Xing.

"Haha, it's a blessing to let Mr. Shen make tea for me personally. ”

Shen Lang smiled, you are a fortune boy, of course you have to serve well.

"Mr. Wang is polite, do you really plan to acquire Feixiang Technology?"

Wang Xing didn't know that he had equated himself with the fat sheep in Shen Lang's heart, but he was afraid that Shen Lang would not want to sell the shares in his hand.

"Mr. Shen, I have actually been optimistic about the bike-sharing field for a long time, including my personal investment in the previous B round, which is the best example. ”

Wang Xing is optimistic about shared bicycles, Shen Lang knows this, and even says that Wang Xing is greedy for the traffic of the travel port owned by Feixiang Bicycle.

"So how do you want to make the acquisition?"

Wang Xing heard that there was no refusal in Shen Lang's words, although it was a little strange, but he didn't care, the acquisition of Feixiang Technology by the magnesium group was a strategic goal set by Wang Xing from the beginning.

"I plan to acquire Feixiang Technology at a valuation of $4 billion, including 30% equity and 70% cash payment, but the $500 million debt needs to be removed first. ”

Shen Lang rolled his eyes, and the debt was still 3.5 billion US dollars, but it was sincere.

"Is 70% of the cash going directly to all VCs and founding teams?"

Wang Xing shook his head: "I don't know how much liquidity there is in the accounts of Feixiang Technology now, and now I have heard about your money-burning war."

Personally, I suggest that it is better to stop this meaningless cash-burning strategy, and it is better to keep the funds to pay off the debt and develop in the long run. ”

Shen Lang just smiled, how to do data without burning money, how can you pay if you don't do data?

"Now Feixiang Technology has sufficient funds in its accounts, but there are still more than 300 million US dollars. ”

Wang Xing knew that Feixiang Technology, which had just finished financing, was at the time when he had a lot of money, so Wang Xing was too troubled, and this kind of company with abundant cash flow was the most difficult to acquire.

"The 70% cash payment goes directly to your founding team and previous investment shareholders, and the actual purchase price is $3.5 billion. ”

Shen Lang silently calculated in his heart, after the previous E round of financing, Shen Lang's shares were also diluted to 56.7%.

According to Wang Xing, the magnesium group will take out $2.45 billion in cash and $1.05 billion worth of magnesium shares to acquire Feixiang Technology.

Shen Lang's shares will receive $1.389 billion in cash and $595 million worth of magnesium shares.

The total is $1.984 billion, which is equivalent to almost $2 billion!

Earn $2 billion in two years!

Feixiang Technology has finally not wasted its hard work, and now it has finally seen the return!

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