"Mr. Gu, I have something to report to you, yesterday I received a call from a former colleague of Goldman Sachs, asking if Hengchuang has any intention of financing in the near future. ”

In the hotel suite near Shenzhen Hengchuang Technology, Gu Heng and Tang Jun sat opposite each other in front of the window, enjoying the night view outside the window, sipping wine, and talking about business.

Gu Heng's trip to the Shenzhen market has almost come to a successful end, but the burden belonging to Tang Jun is a little heavier, knowing that Gu Heng will leave tomorrow, so he deliberately brought a bottle of good wine to the door, intending to confirm and report on some things, and Goldman Sachs's financing intention is one of them.

"1.2 billion, dollars!"

This is the current valuation given by Goldman Sachs to Hengchuang, in the context of the current Internet industry has not yet ushered in the outbreak of the era, this valuation can be said to be second to none in China, so Tang Juncai specially mentioned it, according to his current business considerations of the group's various branches, he also felt that it was necessary to consider it.

You must know that although today's Hengchuang has tens of millions of platforms, it does not have much revenue as a whole.

Renren is a bottomless pit, and the amount of money invested in it has already been hundreds of millions, although it is currently preparing to develop a profit model through the advertising embedding model, but in the case that TV advertising still firmly occupies the main position, it can only be expected, but it may not be guaranteed to turn losses into profits through advertising revenue.

Hengcheng's YY game, the revenue of the last quarter was about 30 million, the main means of profit is through membership and happy bean recharge, and now the launch of the happy farm this popular game may be greatly improved, but it is not optimistic that the life of the happy farm game will not be too long, maybe a year and a half later, with the decline of the game, the YY game will return to the previous situation.

And today's Hengchuang Technology, after the integration of resources, by mining the mobile Montnets and membership business, it is not difficult to achieve tens of millions of monthly revenue, which looks considerable, in fact, the operating costs of maintaining such a large platform are relatively high, and the net profit will not be too much, otherwise the previous Tengxun will not be in a hurry to go public.

In addition to these main businesses, other industries, film and television companies have not yet output, if the ratings of "Fairy Sword" released in October are not good, then the tens of millions of dollars invested in the early stage are almost equivalent to a waste, and the follow-up must continue to invest. In terms of real estate companies, the joint venture development project in No. 2 in Kaifu District also needs capital investment. Starting point Chinese network, with the help of Renren and other platforms diversion, there is a small profit, plus piracy is too rampant nowadays, and there is not much hope in the short term.

This is a careful count, in addition to Hengchuang spreading out a big stall, in fact, the whole is a situation of breaking even. In fact, if Gu Heng hadn't borrowed nearly one billion yuan from several banks through relationships and asset collateral some time ago, it would have been impossible to have sufficient funds to complete the plan of merger and acquisition of Tengxun this time.

Capital, which is indispensable for the development and growth of any company, especially for the Internet industry that needs to maintain a pioneering and enterprising attitude at all times, if the development is slow, it is possible to catch up or even be swallowed up by Hengchuang, a latecomer, like today's Tengxun.

Isn't Tengxun strong? The 100-million-level platform, which has faced the encirclement and suppression of Netyi, Xinlang and other parties, has the last laugh, who dares to say that he is not strong?

The reason why it failed is nothing more than two reasons, one is that its own development is too slow, and the other is that Hengchuang is rising too fast.

In the final analysis, these two points are actually a relationship between the enemy and my weakness, Tengxun has been, in addition to deducting this product with a large number of users, there is no other product that can be handled, the product form is too single, the binding of users is not enough, it gives the rapid rise of Hengchuang opportunity.

Just think about it, if Tengxun develops faster, goes on the market about a year earlier, has enough funds to develop, and has popular games such as QQ music and dungeons in the previous life to bind users, Hengchuang wants to pry its foundation, and the difficulty coefficient must be at least doubled.

Tang Jun believes that Hengchuang will develop vigorously in the future, and gradually expand the first-mover advantage accumulated now, until there is no opponent who can challenge to relax.

The premise of development is sufficient funds, and now that there are investment institutions coming to the door, the valuation given is also more sincere, why not consider it?

"If you put it off a little longer, even if you want to raise money, you will have to wait until next year at the latest. ”

Gu Heng shook the wine glass lightly, unmoved.

Why doesn't he know how easy it is to do things with money?

Not to mention, there are many places that need to use funds in the past year, such as Ali will have another large-scale financing in the coming year, involving more than one billion US dollars. There is also Tianyu Media, a joint venture with Mango Satellite TV, which is preparing to develop an online video website.

Also, with the development of the times, the future network communication environment, will be from the original text as the main body, to a more diversified image and other ways to change, which will lead to a gradual increase in the load on the platform, the storage of the server, the operation of the requirements will be further increased, the upgrade of these equipment also requires funds, and it is often hundreds of millions of funds, you must know that the future generations of Ali, Google and other enterprises, to build a data center can be calculated in hundreds of millions.

However, even if you know that there are many places where you need to spend a lot of money, financing will always be the second choice if you have a way to solve your own funding needs. Because he knows better than anyone how terrifying the future Internet industry will be.

The simplest example, Tengxun in the previous life was listed in 2004 with a market value of more than 7 billion, and after more than ten years, the market value exceeded 2 trillion, an increase of more than 300 times.

Therefore, the later the financing, the higher the valuation of the company, which is only $1.2 billion at the moment, and maybe in a year or two, it may be worth billions of dollars, and I can't eat hot tofu in a hurry.

"The big bull market in 05 is coming soon, and whether or not to raise funds next depends on this fight. ”

Gu Heng thought so in his heart, and then discussed with Tang Jun the specific matters of Hengchuang YY voice.

Since financing is not considered for the time being, it is time to dig deep into its own profit points, and wait for the integration of YY voice and deduction, this huge traffic resource itself is a wealth that can be deeply explored.

…………

After Tang Jun left, it was already late at night, but Gu Heng didn't feel much sleep, watched TV for a while, and after taking a shower, he stood in front of the floor-to-ceiling window in a bathrobe, overlooking the night view of this bustling city.

In 2004, Shenzhen has become the country's first city without rural areas and farmers, the trend of reform and opening up, for this coastal city to create too many opportunities, now in just 20 years, with Hong Kong and other provinces of a strip of water, it has risen to become the mainland's leading international metropolis.

As far as the eye can see, high-rise buildings stand tall and the city is dotted with bright neon lights that never sleeps, and the streets crisscrossed are full of cars and horses......

Now, their footsteps have finally expanded to here, and it is in line with international standards, which is a good foothold for Hengchuang, which takes Internet technology as the core foundation, because it brings together the top talents, information, and technology in various industries across the country, which are all necessary resources for the growth and incubation of an enterprise.

It is not denied that he can obtain certain local advantages in Xiangshi, but from a longer-term perspective, the environment of Xiangshi is defective after all, which is why after the merger and acquisition of Tengxun, he will split out YY voice and choose to land in Shenzhen.

In a blink of an eye, three years have passed!

From just thinking about hoarding a few suites and being a comfortable apartment, to now successfully merging and appointing Tengxun, the journey of his life has quietly gone through three years.

Where does the road go forward?

Gu Heng stood in front of the window, gently shaking the red wine glass, his eyes suddenly a little confused.

"If those two words hadn't trembled, I wouldn't have found me uncomfortable, and no matter how I said it, it would have been a breakup...... Ten years ago, I didn't know you, you don't belong to me......"

The wandering mind was pulled back by a piece of music coming from the TV behind him.

The familiar melody suddenly reminded him of the girl who had been waiting for him for ten years in his previous life, what was she doing now?

Gu Heng, who was poked in the center by a song, became a little sentimental, and was about to call Xiao Xiao when the music on the TV was stunned, and then another voice came out: "Want to download this beautiful song as your mobile phone ringtone......?"

Gu Heng's hand paused in mid-air, and he almost blurted out the sentence "Mom sells batches", this routine is too ruinous.

Seeing that the time had pointed to twelve o'clock, he was about to stop the pace of getting his phone, or decided not to disturb her clear dreams at this time.

…………

The next day, Gu Heng was originally going to fly directly to Xiangshi to deal with some work, but he temporarily changed his ticket and booked a ticket to Hangzhou.

There was a small episode before getting on the plane, when I entered the waiting hall, I happened to meet a star who got off the plane at the flight to the point, probably because the fans had learned the information in advance, good guys, a large number of people in Wuyang Wuyang at the exit of the airport were holding signs to pick up the plane.

This actor surnamed Pan, who is already famous, has climbed to a new high because of the latest album, and the song "Happy Worship" is very popular, and he has also joined the mobile phone ringtone package of mobile telecom PHS users, Gu Heng also heard an advertisement on TV last night.

When watching Pan Weibo walk out of the airport surrounded by several bodyguards, Gu Heng felt a little emotional, and felt that there was still a lot of room for improvement.

In terms of pomp, even a star can't be compared, and several bodyguards open the way when traveling, and there is a Chen Yuan by his side, who still wears civilian clothes as a bagbag, and his aura is far less powerful than the group of black-clothed bodyguards on the other side.

In terms of assets, needless to say, it is said that many wealthy people in China have bought private jets, but he still has to wait in line here.

It can only be said that the revolution has not yet succeeded, and comrades still need to work hard.

A few hours later, the plane landed at Hangzhou Airport.

"If you want to shop, you can buy your favorite products without leaving home, and you can enjoy more discounts. ”

At Shenzhen Airport, Gu Heng saw the aura of a star, and when he arrived in Hangzhou, the first thing he saw was the aura of Taobao, the airport hall, surrounding facilities, and Taobao billboards could be seen everywhere.

Thinking about Ali's spending millions of dollars online every month to buy traffic from Renren, Gu Heng couldn't help but sigh again, he was really willing to spend the money.

Out of the airport, Gu Heng called Xiao Xiao, the first time, turn off the phone!

Ten minutes later, the second time, it was still turned off!

Gu Heng went to Sparta on the spot, and he rushed to Hangzhou City to see the female ticket, but the phone couldn't get through, is this to let him sleep on the streets?

"Let's go, let's get something to eat first. ”

Gu Heng called out to Chen Yuan, who was holding two duffel bags, and took a taxi to the nearest hotel.

Halfway through the meal, the phone rang.

"I was auditioning just now, and my phone was turned off. ”

"Auditions?"

Gu Heng raised his voice a little and said, "Have you found an internship?" Didn't you say okay, wait for me to come over?"

"I was forced by my mother to come yesterday, passed the written test, and today is the official interview. I said that when you came, it was almost a month ago, and it has long expired. ”

Gu Heng: "......"

He didn't know how to speak, on the one hand, he really broke his promise, he had already said that he would come to Hangzhou City, but he couldn't make the trip for a long time, Xiao Xiao was a little emotional, and it was understandable that Xiao Xiao was a little emotional, besides, there was also the meaning of Xiao's mother, she was used to being a good girl, and she was not good to refuse again and again.

But on the other hand, he really couldn't get out of the way at that time, when Teng Xun announced in a high-profile manner that he would cooperate with Sohu and other companies to pave the way for listing, he couldn't watch the other party smoothly implement the listing plan, because for Hengchuang, the best time to snipe Teng Xun can only be before it goes public, once it is successfully listed, and the financing is completed, the balance of victory and defeat may be deflected, after all, there is enough capital buffer, and the room for it to turn around will be greatly increased.

But these reasons, he can't say to Xiao Xiao confidently, maybe she is already very aggrieved at this moment, and what she needs to listen to is not the explanation and excuse of "men focus on their careers", but their own understanding and tolerance.

"Hey, you, angry?"

The slightly worried tone made Gu Heng lose his temper anymore, and said softly: "No, where are you now, I came to look for you, I just got off the plane." ”

Xiao Xiao whispered: "I'm on Zhejiang Provincial TV Station, but my mother and Aunt Su are here, are you sure you want to come over now?"

"The ugly son-in-law always wants to see his mother-in-law, besides, I still have some confidence in my appearance. ”

"Looks?"

Gu Heng explained: "Eh, it means looks, in short, I have the heart to conquer our mother." ”

Hearing Gu Heng's reply to his "shameless" nature, Xiao Xiao seemed to be much more relaxed, and said, "I've seen thick skin, but I've never seen you so thick." ”

………

After hanging up the phone, Gu Heng returned to the restaurant and said hello to Chen Yuan, asking him to find a hotel to settle down in first, and leave by himself, and his future mother-in-law was also there, he felt that it seemed a little inappropriate to take Chen Yuan with him.

Half an hour later, Gu Heng appeared outside the building of Zhejiang Provincial TV Station, and then, without accident, he failed to brush his face.

In Xiangshi, he had dinner with the director of Mango TV, and he also had a bit of a personal relationship, and he could go in and out of the building of Mango Satellite TV casually, here, if he wants to have the privilege of brushing his face, he still needs a lot of room for improvement.