SoftBank Celestial Empire.

"Is the news of IDG Capital's stake in Meituan accurate?".

"Basically accurate, but some details are yet to be confirmed. ”

"It seems that IDG Capital was stimulated by the failure of the last stake in the intranet of the school, and reached a financing agreement with Meituan so quickly."

"The emergence of Meituan is indeed an innovation, and some small websites are starting to follow suit, but most of the funds are still waiting, and I think it will be less risky for us to enter when Meituan's B round of financing."

"Well, but several companies under Jiang Hui are developing very strongly, you can contact Tudou and several other companies to see if they accept financing, if the valuation is appropriate, I think you can make a move as soon as possible."

"Okay, our investment department has specially arranged personnel to track and analyze Jiang Hui's enterprises."

……

Sequoia Capital Celestial Empire Branch.

"Meituan raised 60 million yuan today, have you received this news?".

"It has been received, IDG Capital has given a valuation of 300 million, invested 60 million to obtain 20% of the shares, but it is said that only 10% has voting rights".

"It's not surprising that since Jiang Hui accepted Meituan's financing so quickly, in order to avoid losing control of the company after subsequent rounds of financing, he must have asked the investment institution to give him the voting rights of a part of the equity, which is also an international practice, but I didn't expect him to be so familiar with the Tao at such a young age."

"People who can create more than a dozen companies with a valuation of more than 100 million yuan and a total valuation of more than 3 billion yuan in more than half a year must be simple."

"Yes, you have asked us to arrange the personnel in the school intranet to maintain a good relationship with Jiang Hui, and if it does not involve principled issues, we should try to cooperate with Jiang Hui's intentions. I have a hunch that the school intranet is just the beginning, and there are plenty of big meals waiting for us later, so don't be kicked out of the car because of some small conflicts."

"Understood, I will emphasize it with them".

"Korn Radiance Games, are they still unwilling to accept financing?".

"Yes, they didn't listen to our conditions at all, and they refused directly".

"It seems that the profitability of Guanghui Games is very high, otherwise Jiang Hui's attitude would not be so resolute."

"Let's analyze it again, the monthly profit of Glory Games should be no less than 100 million, or even more."

"Well, in any case, I am very optimistic about Jianghui's various companies, and you can continue to talk to them about the financing of other companies."

"Okay, in fact, we have been in contact, but it seems that except for Meituan and Intranet, other companies are not very willing to raise funds at present."

"Just because you don't have the will now doesn't mean you won't have it in the future, and there's no harm in keeping the engagement. As soon as they start thinking about financing, we've got to be the first to get in."

"Understood, I will arrange someone to follow up."

……

Du Niang News: The latest news on this site, Meituan.com is valued at 300 million yuan to complete the first round of financing of 60 million, and the financing object is IDG Capital. Meituan is the world's leading group buying website, which was the first to propose the concept of group buying, and is currently the largest group buying website in China and even in the world......

……

The official website of Imperial University of Science and Technology: There is good news again in terms of self-employment of our students, and the Meituan website, which is founded and controlled by our students, has received 60 million yuan of venture capital invested by IDG. Meituan is located on the 13th floor of the Polytechnic Building, under the care of leaders at all levels of the school, and with the efforts of Meituan employees led by Jiang Hui, the valuation of the website has reached 300 million yuan in less than half a year. The group buying model pioneered by Meituan has set off a new model of Internet innovation. Jiang Hui's courage to innovate and pioneering spirit are worthy of our students......

……

A small group buying website that follows the trend.

"Meituan is valued at 300 million yuan, so let's hurry up and improve the promotion plan, and re-contact with various venture capitals to see if we can raise funds."

"Now everyone seems to be still waiting, and we have been contacted by several venture capitalists who have ignored us."

"That was before, and now with the valuation of Meituan, we only need one-tenth of the valuation of Meituan to be satisfied, and we will first finance a few million yuan and use it back."

"Well, this is more promising, anyway, our investment is still relatively small, and we can get back as much money as we can."

"Yes, it's best to be bigger and stronger, and it's not bad to make a sum of money back if you can't do it."

"Well, I'll go back and change the information immediately, financing, it's nothing more than storytelling, which I'm best at."

……

After finalizing the financing agreement, Meituan quickly set up offices in Shanghai, Yangcheng, Jiangcheng, Chang'an and Shudu and began to expand its business. The radiation area of these offices basically includes the places where the economic development of the Celestial Empire is relatively strong, and for a while, Meituan's influence has skyrocketed.

……

Xiaolin is an employee of Meituan.com's Yangcheng office. At nine o'clock in the morning, Kobayashi did not go to the company, but went directly to the food court in the XC district. According to the appointment time, I came to a tea restaurant to discuss the matter of entering Meituan. This tea restaurant used to be a little tepid due to the high price, although the food was delicious, but it has been a little tepid, and the owner plans to cooperate with Meituan for a period of time to give up part of the profits to increase popularity. Meituan has set up several sets of standard processes for its salesmen, and basically each store can choose one of the processes to operate. So Kobayashi quickly negotiated with the boss about moving in.

At half past nine, Xiao Lin went to the nearby Chaoshan restaurant again, and it also took half an hour to complete the negotiation of the entry of this store.

At ten o'clock, Xiao Lin went to a nearby Hunan restaurant.

At half past ten, Kobayashi went to the nearby Northeast home.

At eleven o'clock, Kobayashi went to a nearby Japanese restaurant.

……

Basically, every half an hour, Xiao Lin has to talk to a business, and after a simple fast food at noon, he continues to negotiate, until more than nine o'clock in the evening, Xiao Lin returns home, and sorts out the information and contact information related to today's negotiation business to the technical department, and they arrange the online work of the business.

At an average rate of 20 per day, Xiaolin quickly promoted a large number of businesses in the area he was responsible for to Meituan.

Kobayashi is just an ordinary member of Meituan's vast number of ground promoters, and Meituan also has a large number of formal, part-time, and intern ground promoters in action.

The number of merchants settled in Meituan online is increasing rapidly at a rate of nearly 1,000 per day.

At the same time, the company also began to place advertisements on websites such as the school intranet and Penguin.com, and the number of registered users of Meituan increased rapidly, and the number of users with Guanghui Pay also increased.

The major cities of the Celestial Empire have set off a wave of group buying.

(End of chapter)