Wang Dawei was still the same as last time, and took a sip of the coffee in front of him before he spoke. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 info"After going back last time, I reported to the group Mr. Su's valuation of Weixin, and after discussion by the board of directors, we at MIH felt that Weixin's valuation of US$500 million was really too high. ”

"Sina, which has the highest market value of the three major portals, has a market value of more than $300 million according to the stock price on the NASDAQ.

After finishing speaking, Wang Dawei gave Su Wen a very meaningful look, and wanted to see how this young man who was only nineteen years old answered.

Su Wen didn't think there was anything difficult to answer, smiled and calmly responded, and said. "Market capitalization doesn't mean anything a lot of the time, and you and I know that. And we have never wanted to compare with other companies, I said the valuation of 500 million US dollars, just to say the expectation in my heart, not that Weixin is worth more than Sina,!"

Wang Dawei also knew that he was a little confused just now, but he just hoped to help him lower the price, so he decided to postpone the discussion of valuation for now, and said. "Let's not discuss this valuation issue first, I want to verify a few things first, whether the QQ data disclosed in the previous news report is true?"

This can't be hidden, and there's nothing to hide, Su Wen nodded. "The reported data is basically true!"

Wang Dawei nodded secretly, he already had a bottom in his heart, and asked tentatively. "Can I understand the revenue of each business of Weixin and make an accurate valuation of Weixi. ”

Su Wen shook his head very resolutely and said. "This is impossible, I can only roughly tell you that the monthly revenue of our WeChat message is about between 8 million and 10 million. ”

Although he didn't get more detailed data, Wang Dawei nodded with satisfaction.

Weixin is still a start-up company, and with this level of revenue, it can already see its potential in the future, and I am more convinced that MIH must invest in Weixin.

Wang Dawei then asked. "Whether Weixin has made a business plan, we want to know the next move of Weixi. ”

Su Wen replied. "WeCom didn't make this plan, but I can tell you the next move of WeMessaging. ”

Wang Dawei and Rodman beside him both showed interested looks.

Su Wen was not afraid of being known by them. "Online games and portals!"

Wang Dawei and Rodman glanced at each other, nodded secretly, and discussed in a low voice before saying to Su Wen. "How many shares is Mr. Su willing to take out to participate in this financing. ”

"Thirty percent!" Su Wen said.

Wang Dawei shook his head and said. "No, we at MIH have to own at least 45 percent of the shares before we are willing to continue the talks. ”

Su Wen showed a cold white tooth and smiled. "Mr. Wang, you have to understand one thing, Weixin has never asked MIH to discuss financing. ”

Su Wen's mentality towards financing has always been that he can talk about it, but if he touches his bottom line, no matter how high the other party valuates Weixin, he will not be willing to talk about it.

Wang Dawei's heart sank, and he also knew Su Wen's mentality of being able to melt or not, so he felt a little tricky, and asked Rodman who was sitting next to him with his eyes.

Rodman, who was sitting next to Wang Dawei, nodded lightly without a trace in the face of Wang Dawei's inquiring gaze.

Wang Dawei, who received the hint from his gaze, laughed dryly and said. "Presumably, Mr. Su also saw that our MIH Group has a strong interest in WeChat, and we are really looking forward to successfully investing in WeChat. ”

MIH's interest in micro-news, as long as he is not blind, can see that Su Wen is naturally clear.

However, Su Wen has already made up his mind, let you wind from east to west, north and south, and I will stand still.

Wang Dawei decided to go directly to substantive negotiations, said. "MIH is willing to value Weixin at $400 million, but it will take 40% of the shares, and it will be the same as last time, and 30% of the financing amount will be owned by you!"

The valuation is 400 million US dollars, accounting for 40% of the shares, that is, the investment of 160 million US dollars. Coupled with the tempting conditions behind it, thirty percent can be owned by Su Wen.

In other words, if Su Wen accepted this offer, he would be able to directly enter the pocket of $48 million!

Wu Xiaoguang, who was sitting next to Su Wen, was already full of stars, whether it was the valuation of 400 million US dollars, or Su Wen's direct receipt of 48 million US dollars, these amounts were astronomical to him!

400 million US dollars, which has exceeded Sina's market value, this valuation of WeChat, Su Wen can be sure that no investment institution in the world is willing to give Weixin such a high valuation except for the MIH Group in front of him.

This offer, to be honest, has already impressed Su Wen, but in the end, considering that if he really gave 40% of the shares of MIH Group, it would be difficult to guarantee that it would not become a hidden danger for him to control Weixin in the future.

The painful lessons of founders such as No.1 Store, Qunar.com, and Autohome made Su Wen quite cautious in the face of capital.

Su Wen would never allow this possibility to exist, and firmly resisted Wang Dawei's temptation offer in his heart, and said. "I think we don't have to talk about the valuation of Weixin first, or negotiate the shares first. ”

Hearing Su Wen's words, Wang Dawei figured out one thing, that is, compared with the valuation of WeChat, the people in front of him are more concerned about the issue of shares.

Wang Dawei said with a smile. "I think Mr. Su doesn't have to worry about controlling the micro-message at all, and we at MIH can make a guarantee that we will never interfere in the daily management of the micro-message!"

"That's not what I'm worried about. Su Wen shook his head and said.

"What's that?" Wang Dawei didn't think that apart from this question, Su Wen had anything else to worry about, so he asked curiously.

"What I'm worried about is that in the future, when Weixin is listed, the shares in your hands are not conducive to my control of the company. Su Wen said very frankly.

If MIH is given 40% of the shares, there will only be 60% of the shares left in the hands.

If you divide the employees who have made great contributions to him, some options, there are still more than 50% left in your hands.

If Weixin goes public, it will definitely have to accept another round of financing, and the shares in its hands will be further diluted, and it may not even be 40% by then.

And if they give 40% of MIH shares, it seems that there is no Su Wenduo, but they rely on a MIH group behind them, with strong funds as reserves, if Weixin is listed, they can buy Weixin's shares in the capital market, and then they will be quite passive.

Wang Dawei always thought that Su Wen didn't expect this, but he didn't expect that he had already considered this problem. It is also a little difficult to do for a while, because according to the negotiation before coming, the financing amount can meet the WeChat side as much as possible, but the equity must be fought for as much as possible.

Just when Wang Dawei felt that it was tricky, Rodman, who had been silent, suddenly spoke and said in very standard Chinese. "If Weixin goes public in the future, we MIH are willing to hand over our voting rights to you!"