Just when Fang Xing and Mr. Bai were discussing Zhao Zejun's attitude, Zhao Zejun also got the latest 'inside information' from Qiao Xinyun again. Pen "Fun" Pavilion www.biquge.info

Sina's Mr. Bai secretly contacted several shareholders of Blog China to test the other party's attitude towards opening the second round of financing.

"Xinyun, where did you get so much inside information?" Zhao Zejun was still the same as last time, the first time he heard this news that had a lot to do with his interests, he didn't have any surprise at all, but asked something that seemed unrelated with interest.

"Are you a person with big nerves, or are you confident?" Qiao Xinyun looked at Zhao Zejun a little helplessly: "My Mr. Zhao, people have made it clear that they want to dilute your equity and take away your blog China, why don't you care at all, and still have the heart to ask me about the source?"

Zhao Zejun laughed: "It's going to rain, my mother is going to get married, what can I do? Besides, no matter how diluted it is, there is still equity, and in the future, Blog China can really develop and suppress Weibo, then I will have benefits in Blog China. In turn, my Weibo is up, and I don't suffer. In this situation, no matter who wins or loses in the end, I will make money from both ends. ”

Qiao Xinyun squinted and looked Zhao Zejun up and down a few times, snorted, and said, "If you don't want to say it, don't say it, use these saliva words to lie to me." ”

What two ends of the profit, which one wins will not suffer, this sounds quite reasonable, it is okay to deceive the layman, but Qiao Xinyun himself is also a person from a large company and a big investment bank, and his father is one of the few big businessmen in Zhejiang Province, and he is not as good as Zhao Zejun in terms of ability, and he may not be less than Zhao Zejun in terms of knowledge.

Zhao Zejun is no longer a person who does business to make a little money, let alone a small peasant who is complacent and lies down to live a good life with tens of millions of dollars.

After spending such a big deal, even giving up the core industry of your own start-up company, and not recovering greater benefits, how can you give up?

Seeing Qiao Xinyun's big eyes with black eyeliner rolling her rhinitis, Zhao Zejun was slightly stunned.

It's not because the other party saw that he was talking nonsense, but because Qiao Xinyun once again showed a very feminine side.

In terms of appearance, figure and temperament, Qiao Xinyun's average score is by no means low, especially in terms of figure, just by visual inspection, the full score is 100, and Lao Zhao can give 90. At the beginning, he had experienced it with his own hands, a woman who practiced yoga and fitness all year round, with a convex and backward curve, an amazing S curve, and a very elastic feel.

However, in the previous contact in Hangzhou, Qiao Xinyun had never shown too much femininity, and in the recent meetings in Jianwu City, her femininity was much stronger, and sometimes she was even coquettish intentionally or unintentionally.

Usually a serious woman, occasionally spoiled, inadvertently revealing a little amorous, will look very sultry, Lao Zhao can be regarded as the master who has eaten and seen, but she was inexplicably itchy by her white eyes.

Could it be that I bought fake pads, and Lao Tzu's domineering spirit leaked again?

"Why are you staring at me like this?" Qiao Xinyun saw a strange look flashing in Zhao Zejun's eyes, and she didn't know whether she understood the meaning of this look but pretended not to understand, or if she really didn't understand, so she said this 'amazing' look as 'staring', pouted, and said, "I didn't say that I wouldn't tell you the source, it was Qin Qin who told me, and Sina's people also contacted her." ”

"This Qin Qin ......," Zhao Zejun shook his head and smiled, "The confidentiality work is still very good." ”

"She really wanted to keep it a secret from you, so she wouldn't tell me. You really don't understand or pretend you don't understand. Qiao Xinyun said.

Zhao Zejun thought for a while and asked, "CICC agreed?"

"What's the reason not to agree?"

Qiao Xinyun asked rhetorically and said, "I am also a venture capital company, and from a professional point of view, all interests are maximized. Of course, you are the first choice and the most powerful leader of Blogger China, but since you insist on leaving, or even work against Blogger China, whether it is anger or other reasons, and no matter who is right or wrong, the facts have moved this step, and the VC company can only face the reality and consider the problem from the development of Blogger China.

At a turning point in a company, financing is a very effective and common avenue. Besides, Blog China has only been in the second round of financing so far, and the dilution of the original shareholders is also limited, but the return is quite good. So why not?"

Qiao Xinyun said this, Zhao Zejun understood what she meant, it seems that CICC agreed, and several other shareholders also tend to support the second round of financing.

"The returns are pretty good, so the valuation of the second round of Blog China is very high?" Zhao Zejun asked with a smile.

Qiao Xinyun said a figure, compared to the first valuation of 500 million US dollars, the second valuation is not much, 1 billion US dollars, doubled.

"Crazy, this is!"

Zhao Zejun can't say whether it's ridiculous, funny, smug laughter, or helpless laughter, in short, he just wants to laugh.

The first round of valuation of the blog was actually inflated.

With a value of $500 million, it was definitely one of the highest valuations among unlisted Internet companies at that time.

can be valued at a premium, in addition to the value of the blog itself, on the one hand, because Zhao Zejun's momentum at that time was too strong, adding points to the blog;

What's more, the future prospects for blogging are just too good.

No one expected that the era of mobile Internet would come so fast and so fiercely, except for Zhao Zejun, a traverser, no one expected that the era of blogs would end soon.

Just like Zhao Zejun's view on Weibo: at that time, Internet practitioners believed that blogs would be the most mainstream social discussion community on the Internet in the next few years or even ten years.

That's why valuations are inflated.

Unexpectedly, after Zhao Zejun left, the valuation bubble of the blog not only did not decrease, but increased again.

In my previous life, the blog has never achieved 'exaggerated and dazzling' results.

Under normal circumstances, no matter how valuable the current blog is, it is impossible to estimate 10 billion US dollars!

It is not too much to say that there is a 'bubble', and many well-known listed Internet companies are currently worth less than $1 billion even before the stock market crash.

What is the current market value of Tencent?!

In the last round of financing before Baidu's listing, the valuation was less than 200 million US dollars, and the listing price in 05 was less than 10 billion US dollars!

Even if the time gap is counted, no matter how good the current blog prospect is, it is unlikely to be stronger than Baidu in 05!

This kind of bubble made Zhao Zejun can't help but think of the capital market that emerged after 2012, the crazy influx of capital, and the crazy scene that some entrepreneurial projects can be speculated at sky-high prices round by round.

However, most projects will burst the bubble because they can't find the last pick-up man.

"Competition leads to progress, and the more intense the competition, the greater the promotion. It's like one person eating is not fragrant, and two people grabbing food is fragrant. ”

Qiao Xinyun shrugged: "If you hadn't left your job, if Weibo hadn't been launched, the blog wouldn't have been valued so high." Besides, the real purpose of this financing is to make it clear that Sina wants to spend money to drive you away from Blog China, and in order to get the support of other shareholders, of course, it must be valued higher and compensate the previous shareholders, otherwise how can other shareholders agree to financing? In the jargon, this is called 'bribery'. ”

The fierce competition between microblogs and blogs, the downturn in the stock market and the real industry, directly led to the capital bubble set off on the Internet a few years in advance.

"Sina is rich. Zhao Zejun smiled, "It seems that this financing will be the last round of financing for Blog China." ”

Now Sina's intentions for blogging China have long been known to everyone in Sima Zhao's heart, Qiao Xinyun said: "You mean, if Sina can win a large stake, it will go public after that?"

"It's a matter of time before they go public, otherwise they will be bleeding this time, how can they recover their capital?" Zhao Zejun shrugged: "It's just a matter of time." I had to prepare for the IPO before, and everyone was against it. Sina will wait for the stock market crash to start preparations before starting to prepare, and it will get everyone's support. ”

"I really don't understand why you are in a hurry to go public, wait for two years, isn't it calm. Qiao Xinyun muttered.

muttered, but didn't ask Zhao Zejun what he was going to do next, and looked up at the time.

Zhao Zejun understood and smiled: "It's time for dinner, let's go, invite you, a little spy, to dinner." This time I went to eat Cantonese food, and the Cantonese restaurant snake soup in Zeye Plaza was very authentic, beautiful and beautiful. ”

"I'm afraid of snakes. Qiao Xinyun frowned and said pitifully.

……

……

Blog China announced the news of the second round of financing, which once again attracted the attention of the industry.

This second round of financing is very interesting.

The competition between Blogger China and Weibo is in full swing and has entered a white heat.

Although before, people with a little vision talked about Weibo under the leadership of Zhao Zejun and would become a powerful opponent of blogs, but no matter how rich their imagination is, they can't believe that in less than half a year, Weibo has already stood at the same level as blogs.

At present, although the core data of Weibo is still behind the blog in an all-round way, the two sides are already a heavyweight opponent.

This round of financing by Blog China is obviously a strategic response to Weibo, or in other words, forced by Weibo.

Weibo's boss, Zhao Zejun, is himself the major shareholder of Blog China, and since Blog China has announced the news of financing, it means that Zhao Zejun, the major shareholder, is likely to agree.

We will not let the enemy do what he wants.

Why didn't Zhao Zejun stop it, or did he actually have no power to influence the big decisions of Blogger China?

In addition, the valuation of Blog China is also very surprising, 10 billion US dollars, directly doubled, but no new shareholders joined.

It can be seen that after Weibo and the blog have adjusted their respective personnel organizations and stabilized their initial layout, Sina has torn off the veil of warmth and affection in the early stage.

Soon, the financing results came out.

Sina spent 500 million US dollars to acquire 50% of the shares of Blog China, and the proportion of shares surged from 5% to 55%, becoming the real largest shareholder of Blog China, and the speaker completely controlled the strategy of the blog in advance.

A small portion of this 50% stake comes from CICC.

CICC sold off its 5% stake, doubled its investment profit, and exited the market.

The other small percentage comes from SoftBank and Yahoo.

But the most is Zhao Zejun, the largest shareholder of the original blog China.

Zhao Zejun sold off most of his own and former employee holdings, a total of 30%, cashed out $300 million, and left less than 6% to manage the data center interface department.

"Sina, good man. Zhao Zejun secretly sighed.