According to the original agreement with Facebook, the Asian market is intranet, the European and American markets are Facebook, and other regions have their own powers. In addition to the headquarters of the Celestial Empire, the school intranet has also set up branches in island countries, ports, India and Russia. However, after the operation of offshore companies, from the perspective of capital relations, there are actually only two companies in the intranet, one is the Celestial Empire Company and the other is the Island Country Company. In terms of shareholder composition, other Hong Kong and Hong Kong branches are all subsidiaries of island country companies on campus intranet.

Therefore, when negotiating with venture capital institutions such as Softbank and Sequoia, Jiang Hui explained that Tang Wenwen launched financing negotiations between the Celestial Empire Company and the Island State Company at the same time.

There are currently more than 160 million registered users throughout the school's intranet. Among them, the Celestial Empire has more than 62 million, which is the largest market in a single region, and the island country has more than 43 million, South Korea has more than 12 million, India has more than 21 million, Russia has 15 million, and other regions have more than 16 million, totaling more than 160 million users.

In terms of the number of users, in fact, the Celestial Empire Company is not as good as the Island Company, which is also fully reflected in the valuation.

Since Jiang Hui requested that this round of financing be bundled with Jiang Hui's personal share transfer, the discussion was relatively long, and many venture capital institutions did not recognize this method. After all, they invested in the intranet because they were optimistic about the development of the intranet under the leadership of Jiang Hui, and if Jiang Hui, as the founder and major shareholder, sold his personal shares at the same time in this round of financing, it would make people feel that the valuation of the intranet had reached its peak.

However, after several negotiations, Jiang Hui insisted on the simultaneous transfer of 10 percent of the shares held by him and 10 percent of the financing in the intranet, and the intranet Tianchao Company and the island country company were launched simultaneously. After careful consideration by various investment institutions, SoftBank was the first to back down.

"We are willing to buy 5 percent of the shares of the Intranet Celestial Dynasty Company from Jiang Dong and account for half of the financing amount of the Intranet Celestial Dynasty Company; in addition, we hope that on this basis, the Intranet Island Country Company will take out an additional 5 percent of the shares for financing, and we are willing to increase the amount in the same proportion."

SoftBank and other companies have reached an agreement on the valuation of the intranet half a month ago. Among them, the Celestial Dynasty Company on the campus network will be financed at a valuation of 22 billion, and the island company will be financed at a valuation of 31 billion.

"I personally agree with SoftBank in principle, but this plan needs to be finalized by our chairman."

SoftBank's request can be regarded as a small request after they have made major concessions, anyway, Tang Wenwen knows that almost all the shares of the island country company in the school network are in Jiang Hui's personal hands, unlike the Celestial Empire Company, Jiang Hui only has more than seventy percent. Only if everyone agrees with the valuation proposed by Jiang Hui, Jiang Hui should also agree to the transfer of five more points of shares.

Just as Tang Wenwen thought, Jiang Hui was thinking about raising funds to make a quick buck in the financial market, so he did not rank SoftBank's request for an additional five points for the island country company to pay, anyway, it was to buy and not give.

When Jiang Hui established overseas companies such as Intranet, Meituan, YY Live and Tudou, he took into account the different policy requirements of different countries and regions, and adopted the method of non-subordination of shares of foreign companies and Tianchao Company. Of course, there are also reasons why Jiang Hui knows that these companies have a great future and does not want to blindly give away shares to other shareholders almost for nothing. Therefore, basically the shares of overseas companies passed through layers of offshore companies, and finally came into the hands of Jiang Hui.

Considering the financing characteristics of the Internet in the Celestial Empire, the school intranet also held a signing ceremony for this round of financing. According to the valuation of this financing, the school intranet Celestial Empire Company alone has been able to enter the top five of the Celestial Empire rankings. The first place is Alibaba or Du Niang, because Alibaba has not yet been listed, the specific valuation is not easy to evaluate. Third place should be the penguin. The fourth place is Shengda Network. Then there's the intranet.

Although those portals were listed early, their market value was generally less than 10 billion yuan. In the future of the Celestial Empire Internet market, the status of portal websites will be lower and lower.

Through this intranet financing, Jiang Hui personally received 2.2 billion yuan and 620 million US dollars. The two companies in the intranet also received sufficient development funding.

In this financing, SoftBank received the largest number of shares. After this financing, SoftBank became the second largest shareholder of the Celestial Dynasty Company, holding nearly 15% of the shares, and the third largest shareholder was Sequoia, which obtained 10% of the shares of the Celestial Dynasty Company in the school intranet during the A round, and Sequoia and IDG shared another 10% of the shares, becoming the third largest shareholder with about 14% of the shares.

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Du Niang News reported: Today, the school intranet Tianchao Company completed the C round of financing, raising 2.2 billion yuan at a valuation of 22 billion yuan. It is reported that the financing will be led by SoftBank Tianchao, followed by Sequoia and IDG. SoftBank and Sequoia have been involved in Series A and B investments in the school's intranet, and at current valuations, their previous investments have paid off handsomely. The reporter of this site interviewed the person in charge of SoftBank Celestial Empire, and he said......

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Penguin News Report: At the beginning of 2006, the Internet began to surge again. As a global leader in SNS sites, Intranet completed its last round of financing before going public. The founder of the school intranet has said that the listing of the school intranet will be promoted this year. There is news that the financing of the school intranet is to prepare for the pre-IPO sprint......

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Yahu Island: Yesterday, SoftBank, a well-known Chinese company, once again invested heavily in the C round of financing of the school intranet. The intranet is the SNS site with the highest market share in China and other Asian countries, with more than 100 million users worldwide. Although the specific shareholding ratio of each investor has not been announced, it ......

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Imperial University of Technology Flying Forum.

"I still remember that when the school intranet was first established, there was a registration discount to buy down jackets in front of the second canteen, but I didn't expect that in the past two years, the school intranet was already a giant with a valuation of more than 20 billion."

"Yes, there was a classmate in our class who was also the first batch of employees in the school intranet at that time, and Jiang Hui also allocated shares to these veterans at that time."

"That's fate."

"Yes, a little bit of shares is worth 220 million, it's scary. Doesn't it mean that our school is going to produce billionaires?".

"You only know now, but after many capital injections and financing, even if there was a little bit of a stake at the beginning, it should only be a few tenths now."

"Even if it's 0.1, it's 22 million."

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(End of chapter)