Magic City.

This time I came to Modu for the latest round of financing for Douyin.

The internet burns money quickly, but sometimes you don't have to wait until all the money is spent.

Penguin has made two preparations to suppress the micro world, investing three billion yuan to support its own microvision, while constantly raising the valuation of Kuaishou.

Not long ago, Penguin completed another additional investment in Kuaishou, and the valuation of Kuaishou's Series E financing reached $20 billion.

You must know that Douyin currently has 400 million daily active users around the world, but it is only 18 billion US dollars.

Kuaishou doesn't even have 200 million daily active users, but it was valued at $20 billion by Penguin?

Not to mention the commercialization ability of the two, Kuaishou can't even touch the taillights of Douyin.

Ma Teng is rich and capricious, and many venture capitalists in the outside world are just talking about it, but it doesn't play a role.

In fact, at this stage, the pattern of the short video field is very clear, Douyin is dominant, and there are a few short video competition remnants of users.

Penguin also knows very well that its own microvision may not play a role, it is better to increase Kuaishou, maybe it can challenge the status of Douyin.

Penguin, together with several previous shareholders of Kuaishou, followed up on the E round of investment and injected $400 million into Kuaishou again.

Even if Kuaishou's Su Hua didn't want to raise money, Penguin, the major shareholder, still carried out this financing that was not needed.

Almost immediately after, Douyin also announced financing, and the same was only followed up by several D round shareholders, and no new shares were released.

It's just that Douyin's valuation is somewhat intriguing, and Douyin's public valuation is $21 billion.

And said that after this round of financing, the listing process will be launched.

This has stimulated many people who have been paying attention to Douyin, and it is inevitable to go public and raise money to make money.

Chen Yun took out 2% of the shares and raised $420 million.

Almost immediately after Douyin announced the launch of the listing process, major exchanges took action.

The most urgent is Li Xiaojia of the Hong Kong Stock Exchange, and the magnesium group and Xiaomi have been listed one after another, which can be regarded as erasing Li Xiaojia's regret for missing Ahri back then.

Even JD.com went to the U.S. stock market because the Hong Kong Stock Exchange failed to support weighted voting rights.

This ushered in the reform of the Hong Kong Stock Exchange, and it was also Xiaomi's first listed company with weighted voting rights.

Compared with the previous companies, Shen Lang himself holds more shares.

In addition, after adopting AB shares, Shen Lang owns all A-share shares, and several other venture capital institutions that have invested in them have said that they don't care about any voting rights.

Even if you care, it's useless, Shen Lang's voting power is as high as ninety percent, and the right to speak is completely in Shen Lang's hands.

Li Xiaojia and Shen Lang were not familiar with each other, but they contacted Wang Xing and made an appointment to meet Shen Lang.

In the Demon Capital Club, Shen Lang took Chen Yun to meet Li Xiaojia.

Li Xiaojia is not tall, but he is a man of the year in Xiangjiang, and even Wang Xing admires Li Xiaojia very much.

Li Xiaojia didn't rush to talk about the listing, but asked: "Shen Dong, I heard that Douyin has just completed the E round of financing recently?"

"That's right, it just ended, and the E round is $21 billion. ”

Li Xiaojia's face couldn't hide his surprise, since the last time he saw Shen Lang at the bell ceremony of the magnesium group.

Li Xiaojia checked a lot of information about Shen Lang when he went back, and found that many of Shen Lang's domestic companies did not have a listed company.

However, of course, Li Xiaojia will not doubt the ability of these companies to go public, but he has not yet tapped the potential to the extreme.

"Mr. Shen, the Hong Kong Stock Exchange has always had the most sincere welcome attitude towards companies like Syllabic Beat, and I hope that Mr. Shen will consider leading Syllabic Beat to be listed on the Hong Kong Stock Exchange.

The implementation of the weighted voting rights policy of the Hong Kong Stock Exchange can protect the voice of founders like Shen Dong from being diluted by financing. ”

Li Xiaojia looked at Shen Lang sincerely.

"The Hong Kong Stock Exchange has enough space for giant companies like Syllables to grow, and Penguin is the best example of this. ”

Li Xiaojia said with a smile: "And investors in Hong Kong stocks are more aware of the development concept of domestic Internet companies, even many loss-making companies have obtained extremely high valuations, such as magnesium groups." ”

Li Xiaojia's attitude in inviting Douyin to list in Hong Kong is very sincere, and the rapid improvement of the Hong Kong Stock Exchange's performance in the past two years is inseparable from Li Xiaojia's dedication.

Many people even joked that the gong of the Hong Kong Stock Exchange is not enough to strike, and the listing of eight companies at the same time in one day is the result of the Hong Kong Stock Exchange.

However, compared to those companies, giants like Douyin are Li Xiaojia's favorite.

Shen Lang did not express his position directly, thanked Li Xiaojia for the invitation, and said that he would consider it seriously.

Li Xiaojia and Shen Lang left their contact information separately, saying that if Douyin was to go public in Hong Kong, he would arrange it in advance to shorten the listing process of Douyin as much as possible.

Shen Lang sent Li Xiaojia downstairs, and Li Xiaojia left in Maybach.

Chen Yun laughed softly: "I can see that he attaches great importance to us, you plan to list on the Hong Kong Stock Exchange?"

"With this intention, the Hong Kong stock market is also good, but there is no need to be in such a hurry, at least make the data more beautiful first. ”

Chen Yun nodded lightly: "We are not short of funds, but we should not delay it for too long, the number of short video users has been almost mined by us, let's make a listing decision within two months." ”

"Then inform Li Xiaojia in two months. ”

Previously, several shareholders of Douyin's D round split the 2% stake taken out by the E round.

Of course, these limelight institutions also hope that Douyin can be listed as soon as possible, and they can cash out as soon as possible.

With the exception of a few cornerstone investors, most VCs exit after listing.

There are many people who are looking forward to the listing of Douyin, and even Kuaishou hopes to use Douyin as a reference to understand its market value.

Douyin has sufficient funds, and the growth of foreign users has almost peaked, so it is better to invest heavily in the development of overseas users.

Received close to $1 billion to grow its global business.

Chen Yun personally inquired about Y's business development, and even Kuaishou was actively exploring foreign markets.

The number of short video users in China of 500 million is basically the limit, and no matter how much it is, it can't be more.

The two companies have a tacit understanding to develop their own ones, and it is wiser to burn money to expand overseas users than to burn money meaninglessly in China.

Chen Yun has also held many meetings, striving to break through 500 million users in the world.

In particular, Y took on the most important task.

Shen Lang also invited many Victoria's Secret supermodels to post some videos on Y.

The Jenna sisters, who are in the top ten in terms of the number of fans, have supported Shen Lang's company.

Many Rockets players have also opened their own celebrity accounts.

With these celebrities as publicity representatives, coupled with Y's heavy investment, he often engages in activities that challenge the sharing of cash.

It didn't take long for Douyin to officially break through 500 million users around the world, and the growth rate of domestic users was not large, but the proportion of overseas users increased extremely high.