Lei Ming is not too interested in Jingxi, but he wants to expand his third-party payment users with the help of Jingxi in the early stage, of course, it is best to acquire, if he can't acquire, he can also get hundreds of times the profit by investing in Jingxi.

Seeing that Liu Qiangxi did not waver at all, Lei Ming did not insist on the acquisition anymore, and said with a smile: "Okay, a firm leader can lead the company to move forward." So let's talk about financing, how much financing do you need?"

Liu Qiangxi has suffered from financing recently, and originally thought that he would be able to finance more if he had the opportunity, so as not to get the money when he needed it, but when he saw Lei Ming's appearance that he was going to buy Jingxi just now, he had to be vigilant, thought for a while, and said: "We want to finance 50 million US dollars." ”

Through the conversation just now, Liu Qiangxi also saw that Lei Ming was optimistic about Jingxi, and the pre-investment valuation could be at least about 100 million US dollars, and it was safer to let Micro Technology hold 33% of the shares.

Lei Ming said with a smile: "Jingxi is the time of rapid growth, you can't slow down because of money, Micro Technology can invest 100 million US dollars, the pre-investment valuation is 150 million US dollars as you said, and the post-investment valuation is 250 million US dollars, and we account for 40% of the shares." In the future, BWI can be listed in the U.S., and you set your shares to have 20 times the voting rights of the common shares, so that you don't have to worry about losing control of BWI. I have only one request, Jingxi wants to use the third-party payment of Micro Technology. ”

The U.S. allows for an AB-share system, with weighted voting rights, which are used by U.S.-listed Alibaba and BWI, where the founders hold only a small number of shares but have a majority of voting rights to control the company.

In reality, when Jingxi was listed, Liu Qiangxi held a little more than 15% of the shares, but 80% of the voting rights, and Ma Yun held less than 10% of the shares, with more than 40% of the voting rights. How to set up voting rights depends on the game between the founders and other shareholders.

Although he knew that Lei Ming was optimistic about Jingxi and was even willing to pay 500 million US dollars to buy Jingxi, the valuation of the acquisition and investment were completely different things.

The acquisition must have a premium to make the original shareholders tempted to sell the company, and the investment depends on the market situation.

Now that the financing market is completely cold, it is difficult for companies with bright prospects to raise funds, and it can be said that microtechnology is completely strong.

Liu Qiangxi doesn't think Lei Ming will be unclear about this.

In this case, Lei Ming was still willing to accept the $150 million he offered, which really surprised Liu Qiangxi.

Liu Qiangxi is a highly talented student of the National People's Congress, and he also knows the AB share system in the United States, hearing that Lei Ming is willing to let him consolidate control, the only condition is the third-party payment that he doesn't care about at this time, Liu Qiangxi is really very moved, and he did not refuse Lei Ming's proposal to give 50 million US dollars for 40% of the shares, and looked at Lei Ming gratefully and said: "Okay, thank you for Mr. Lei's trust." ”

Liu Qiangxi wanted 50 million US dollars, and Lei Ming gave Liu Qiangxi 100 million US dollars, naturally not to be helpful, but to take more shares of Jingxi.

Generally, start-ups give out 20-30% of the shares in financing, and rarely sell 40% of the shares directly. In another time, Liu Qiangxi will definitely not sell so many shares at one time.

Because Jingxi is developing at a high speed, as long as he takes a sum of money to develop and refinance for a period of time, Jingxi's valuation will have a leap, and he can get more money by selling his shares.

Lei Ming knew that the financial crisis would pass soon, but Liu Qiangxi could not predict how long the financial crisis would last, and Liu Qiangxi was fed up with financing during this time, so he decided to accept the 100 million US dollars to ensure that Jingxi survived the financial crisis.

Lei Ming was still very interested in this future bull's head, and said with a smile: "Tomorrow I will ask the people from the finance department and the legal department of Micro Technology to do some simple verification, if there is no problem, we can sign a contract this week, and the money can be received at one time." ”

Although Lei Ming is convinced that there is no problem in Jingxi, the routine procedure still needs to be followed, otherwise it will make people feel too unbelievable, and it will not be beneficial to the future system construction of microtechnology.

"Okay, we'll do our best. ”

Liu Qiangxi also wants to complete the financing as soon as possible, so as not to have too many dreams at night.

After the Olympics, China has also felt the chill of the crisis, with a large number of coastal enterprises engaged in foreign trade closing down, and many provinces seeing a wave of migrant workers returning to their hometowns early in October.

No one knows how far the economy will deteriorate.

……

Later, Liu Qiangxi talked about this financing and said: "Our conversation about financing lasted a minute or two, and Mr. Lei was willing to buy us for $500 million, but I refused, and then Mr. Lei gave us $100 million in financing at a pre-investment valuation of $150 million." The valuation was proposed by me, and Mr. Lei did not lower the price. This valuation was not high for BWI at that time, I think BWI was worth $150 million, but for the capital market at that time, this valuation was relatively high, because at that time, investment companies were reducing their investment. Before meeting Mr. Lei, I had met with dozens of investment companies, and the valuation of Jingxi had been cut from $150 million to $120 million, $100 million, and $60 million, and none of them were willing to invest. One is that the general environment at that time made investment companies reduce investment projects, and the other is that they can't understand us, thinking that we have no advantage over Taobao, Gome, and Suning, and the gross profit margin is too low to make money.

It was the only time I thought Kyoseo might go out of business, and it was stressful, and my hair was gray at that time. From 98 to 2008, there are two or three hundred brothers in Jingxi. Many of them have been with me for almost ten years, and no one else can dig them up. Ten years later, they may leave with nothing, not even a house or a car. And when he goes out to look for a job again, others will say that he is from the collapsed Jingxi Mall, and it is difficult to find a job. It's easy for an employee of a successful company to leave and find a new job, but as an employee of a failed or bankrupt company, it's hard to find a job because it's a loser. My pain is really indescribable, my bones are full of fear, and that kind of guilt and shame for my brothers.

So at that time, Lei was always willing to invest money in me, and he didn't lower the price, so that I could go back and tell my brothers that we couldn't find money, but we didn't want to sell our company cheaply, and now we found money worthy of the brothers' struggle.

After talking about investment, I couldn't help but ask Mr. Lei why he was so optimistic about us. Mr. Lei said that he is optimistic about the domestic consumption upgrade, and consumers' recognition of the brand and service requirements will continue to increase, and he thinks that we can at least achieve the level of 100 billion US dollars.

At that time, I thought Mr. Lei was too optimistic.

I was confident that I would make Jingxi bigger and stronger, but at that time, I couldn't see the 100 billion dollar level, or even 10 billion yuan. Of course, if you look at it now, I also think that Jingxi can achieve 100 billion dollars.

Therefore, Lei is always one level higher than everyone in the Internet circle, he predicted how big we can go very early on, and we have to climb a little higher to see a little farther.

Don't believe those who go around giving speeches and bragging about changing the world after they succeed, except for Mr. Lei, everyone else I've seen has grown up step by step. If you stand high, you will be far away. ”