"120 yuan in half a month, 600 ...... ruling"

"The God of War set is 150 per piece, the best single chat, money before delivery, and those with Alipay can be shipped first......"

"30-grade 4,000 yuan for urgent collection, 20 yuan for high-grade gold mines, how much to collect, plus Alipay ......"

What Sun Zhengyi presented in front of him was a set of screenshots and videos of game screens, as well as supporting Alipay server-side transaction data records. Pen, fun, pavilion www. biquge。 info

Since the summer vacation, Gu Cheng has released the registration of ordinary users of the MAC physical address binding version of "Alipay". His original goal was to develop at least 1 million ordinary bank card users by the end of this year, but now it has only been a month, and this number has completed more than 200,000.

Among these people, eight CD is a "legendary" player. Only about 50,000 people remain, who don't play games and come purely for genuine audio-visual discs or genuine books on Dingdang.com.

These 150,000 legendary players will also buy the records of "Meteor Shower", but the main purpose of their Alipay is to save them the trouble of going to the newsstand or Internet café to punch the card. And in less than a month, this group of people discovered another wonderful use of Alipay.

In the first three or four months after the "Legend" was charged, there was no transaction between RMB and game equipment and game accounts. Because at that time, everyone's level was not high, no one exceeded level 27, and no one needed high-level equipment that was particularly difficult to fight.

Starting in May, the first batch of players around level 30 began to appear, and with a minor update of the game, the opening of Shabak City, and the continued heat of attacking and defending the city, the RMB trade of the best equipment began to heat up.

The initial gear deal was painful, with both parties sitting in front of a computer and strangers who didn't know each other. It is very unsafe to pay or sell first, so it can only happen between players in the same city, face-to-face transactions.

This kind of hidden pain, after nearly two months of brewing, "Alipay" appeared just right, allowing ordinary users to bind the device and register for use.

Successful players in the game with a lot of awesome equipment, and real tyrants who need the best equipment, immediately discovered this good thing that can provide guarantees for each other - "Alipay" seems to be encouraging this kind of virtual item trading between players, and has specially developed a "intermediate guarantee payment" function plug-in.

In the "Virtual Item Trading" module, the money for buying equipment will not be paid to the buyer's account immediately, but will be stored in Alipay's official intermediate temporary account. After the person who bought the equipment receives the equipment in the game, click "Confirm Receipt" and the money will actually arrive. If the buyer obviously takes the equipment and wants to refund maliciously, as long as the seller has a screenshot of the delivery, the transaction will be submitted to the official Legendary Entertainment Company for manual review and processing.

The security problem of RMB transactions, the game equipment that could have made Chinese homeless people suffer for at least three or four years, was solved by the legendary company.

Legend officials don't sell equipment either, but he doesn't prohibit players from buying and selling with each other, and even declares very officially, gentlemanly:

"For the sake of game fairness, we discourage the buying and selling of equipment and accounts; But considering that this behavior cannot be technically banned, we offer a trading platform that makes it safer for players.

In addition, considering that the accounts and equipment of Legend Games have more and more hard RMB consideration, Legend Entertainment kindly reminds players to pay attention to the security of your account, please download and update your 'Alipay Security Plug-in' in time, and pay attention to our upcoming SMS password binding function. ”

This kind of declaration, high-sounding good words have made the legend official say, that "father's love" like concern, as if to say "we said that drifting is not right, but for the sake of social safety to prevent AIDS infection, we will also distribute free condoms, please have to drift and sell players must be free to wear condoms".

It's really compassionate.

When Sun Zhengyi saw this, he was completely convinced.

……

"You...... It really convinced me. It's easy for a game to die quickly due to advances in technology and art. But when a game can carry so many social comparison attributes behind it, and even the hard trade between its virtual items and real-world currency, it really can't be seen as a game anymore.

I believe that the social nature behind it will make it not angry for three or even four years. Even if it can't last, the huge vested interest holders in the game will subtly try their best to help the game prolong its life and unconsciously become the operator's help. ”

After reading the materials given by Gu Cheng, Sun Zhengyi was slightly impressed.

The backwardness of technology can theoretically indeed make a game decline very quickly. But with so much social accolades and pretending vested interests thrown together, it's a different story.

Hearing Sun Zhengyi's initial affirmation, Gu Cheng couldn't see any joy, he just felt that this was what it should be.

After all, he was not very enthusiastic about Sun Zhengyi's willingness to hold his convertible bonds. Sun Zhengyi is not the only family in the world to make convertible bonds. If not, you can still find Goldman Sachs and Sequoia. His state of mind at the moment is actually the same as Zuckerberg's seeing Sequoia in pajama slippers in another time and space.

So, he just waited quietly. Wait for Sun Zhengyi and Cai Chongxin to sing and harmonize, and finish all the evaluation words, whether praise or disapproval, and explain them thoroughly.

Then Gu Cheng answered: "So, Mr. Sun is ready to promise us a convertible bond quota of 200 million yuan?" ”

"Of course you can." Sun Zhengyi got up from the sofa and paced a few steps around the window, as if thinking about something.

This Yi-descended Fusang man is only 1.5 meters tall, just looking at the back of the lean and lean, and his appearance is not much better than that of the monkey Taige. But he is indeed the man who stands at the top of the food chain in the Asian online venture capital world today, which is unimaginable for many people who are not familiar with him.

After a long time, Sun Zhengyi, who had thought of a new set of rhetoric, finally continued to continue his words: "However, it's not the kind of giving method you said. 200 million yuan, too little, I don't accept this kind of order. ”

Throughout the afternoon, Gu Cheng felt stunned for the first time: there are still money lenders in the world who dislike those who borrow money on the premise that the collateral remains the same, borrowing too little?

What kind of logic is this?

"Mr. Sun, if you have something to say, you can explain it in one breath, I don't know what you mean." Gu Cheng straightened his collar as he spoke, and unbuttoned the top of the T-shirt, as if this action could make him look more relaxed.

Sun Zhengyi lit a cigar and said in a very frank tone: "I think the future of your integrated holding company will be very ambitious." I don't think it's an exaggeration to say that its valuation is more than three times that of Ahri Baba. More than two years ago, when I entered Ahri, I invested 20 million meters, accounting for 40%, and Ahri's valuation at that time was only 50 million dollars, and now, this figure is about 200 million dollars. And I think your company is worth $500 million now, and in two years, even if it grows to $2 billion, I believe it. ”

Gu Cheng had to interrupt the other party: "Mr. Sun, we are talking about convertible bonds today, not venture capital." I wouldn't mind you underestimating my valuation, because I'm 100% convinced that I'll be able to pay it off when I'm due. So I don't care how much you estimate, we don't need to dwell on it. ”

"There are no absolutes in everything, you listen to my conditions." Sun Zhengyi didn't care about being interrupted, and continued casually, "I'm willing to lend you 500 million, rice knife, not RMB." And as long as you take 30% of the equity of the new holding company as collateral, it is enough. In other words, I think your company will be worth $1.5 billion in two years! ”

"Are you sure you're talking about convertible bonds? Not a venture capitalist? Gu Cheng almost didn't believe his ears, and finally confirmed.

Unexpectedly, Sun Zhengyi's courage was so great. Rao is Gu Cheng thought that he had expected all the possibilities, but he was still unexpected.

Sun Zhengyi said proudly: "Convertible bonds, not venture capital. When the time comes, you pay off the money, and I will leave after collecting the interest, and I will not take a stake in your company. ”

Gu Cheng swallowed a mouthful of saliva: "I want to know why." Also, I don't have access to that much money at the moment. ”

"Listen to me slowly," Sun Zheng said that Gu Cheng was a little at a loss, and finally raised his eyebrows, as if he was very proud that he had found the field:

"I have additional conditions: first of all, I said that if I lend you 500 million dollars, you must borrow 500 million, and you can't borrow even one dollar. In other words, you will get 4 billion yuan in September, and 24 months later, by September 2003, you will have to repay 5.5 billion, which is 375 interest for two years including handling fees. ”

For two years, the total interest is 35% of the principal, 0.5 handling fee, and 2 points to Ma Feng and Cai Chongxin.

Gu Cheng understood this completely, and it was expected, so he didn't interject, and waited for Sun Zhengyi to continue to finish.

"Secondly, out of the 500 million dollars, the liquidity reserve ratio you reserve must not be higher than 20%. At the same time, in the next two years, before your convertible bonds are repaid, all follow-up financing of your company must be financed by SoftBank, and no third party can be found. If you are still short of money, I will only choose to invest in the market, and I will not give you the opportunity to raise convertible bonds.

Finally, we must also specify in the financing agreement that all the businesses invested by your company in the past two years shall not be sold and transferred without authorization. If you have to sell part of the business, SoftBank Group will have the right of first refusal under the same conditions - that is, if you really can't afford to pay back the money and want to cash out some trivial business, you can only throw it to me. ”

Sun Zhengyi's three-plate axe, this is the end of it.

Gu Cheng smacked for a while, feeling that this condition was really fanciful and unheard of.

He turned his head and glanced at Cai Chongxin suspiciously: "Lao Cai, is it still allowed to stipulate these terms in the convertible bond financing contract?" ”

Cai Chongxin coughed lightly: "Well, the law does not prohibit it." These clauses are legal and, although rare, are justified if the funder would require such a guarantee to protect the value of the 'secured equity'. ”

After all, the collateral that the investor of the convertible bond has in hand is the equity of the financing company. Therefore, legally speaking, the funder can indeed limit many business details of the financier in terms of financing conditions in great detail to ensure its own rights and interests.

Therefore, Sun Zhengyi's ability to point fingers at Gu Cheng is naturally far greater than that of those banks that only accept hard currency collateral.

"I see...... underestimated Sun Zhengyi. It seems that not enough homework has been done on convertible bonds. Gu Cheng secretly thought in his heart, and quickly figured out Sun Zhengyi's abacus.