Chapter 121 Valuation of WeChat
The visitor was a guest, Su Wen sat down with them in a priority and let people re-serve a cup of coffee. Pen fun and pavilion www.biquge.info
Wang Dawei's first impression of Weixin was that this Internet company was different from the Internet companies he had been in contact with in the past few months.
The Internet bubble has caused venture companies to recede from China like a tidal wave, which has made the Internet industry, which needs to burn money in the early stage and relies heavily on venture capital, mourn.
Nowadays, there are not many companies like MIH that are willing to invest in the Internet with cash in hand.
Therefore, the Internet companies that have been in contact with them in the past few months have entertained them like the God of Wealth, but when I came to Weixin today, this situation did not appear, and Weixin was just a courtesy hospitality.
For Weixin and its QQ, Wang Dawei began to notice that QQ exceeded 10 million registered users in June this year, but he didn't pay much attention to it at that time, because this is only a very niche instant messaging software.
Wang Dawei's purpose in China is to find Internet companies with investment potential, so he has traveled to many Chinese cities.
And every time he passes through a city, Wang Dawei will go to the city's Internet café to learn about what Chinese young people are keen to play and what they are doing online.
This surprised him to find that almost all Internet cafes have QQ software on their desktops, and most young people are using this software to chat, listen to music, and play food stealing games.
The subsequent sale of Q coins and the news of making 6 million in three days made Wang Dawei realize that although QQ is a niche instant messaging software, it has great prospects!
Another thing that made him concerned was that in many companies he contacted later, all the responsible persons had their own QQ numbers printed on their business cards.
This made him start to pay more attention to this company, the hot news that broke out a while ago, and the emergence of many Internet companies involved in the field of instant messaging during this time.
The general disapproval of public opinion in the outside world made Wang Dawei see the opportunity and think that this stage is an opportunity to contact.
Wang Dawei took a sip of the re-changed coffee and spoke. "I came to visit your company this time to ask if Weixin has any plans to accept financing. ”
To be honest, Su Wen really hadn't thought about this before today.
When I took over Tengxun, QQ was just a niche instant messaging product, and no one cared about it at all, so naturally no investors would come to the door.
When some results are made, it is just in time for the cold winter of the Internet, so no venture capital company has approached Weixin until now.
But today's sudden visit from MIH had to make Su Wen start thinking about this issue.
For financing, Su Wen's mentality is open-minded, as long as the equity in his hand is enough for him to firmly control WeChat, it is enough!
It is easy to be jealous if you hold all the equity in your own hands!
During this time, more and more opponents appeared in the field of instant messaging. Although Su Wen was very confident that he could win this war even if he didn't need helpers.
But at this time, if there is a strong reinforcement such as MIH to join, it can help Weixin solve a lot of troubles and clear a lot of obstacles.
Like the QQ group, there is no need to be cautious and cautious, if you have MIH, you have the strength to wrestle with the current three major portals!
In addition, Su Wen has a good impression of this MIH Group in his heart.
The equity dispute between Ma Yun's Alibaba and its shareholders SoftBank and Yahoo has never appeared in Tengxun's previous life.
In his previous life, after MIH became a shareholder of Tengxun, he gave Tengxun management considerable trust, and there was never news of meddling in Tengxun's management, which made Su Wen have a good impression of MIH.
Although he was impressed, Su Wen decided to listen to MIH's valuation of Weixin first, and then discuss whether to accept their financing.
"I don't know what your MIH Group valuates to our WeChat?"
Wang Dawei knew that there was a drama when he heard it, and the time he chose was really good, and he quoted the price with a smile.
"Sixty million!"
"It's low!" Su Wen shook his head directly, Weixin's current monthly revenue level is close to 10 million, and only 60 million is valued at them, which even makes Su Wen feel a little insulted.
Wang Dawei added a sentence at the end. "Dollars!"
Wu Xiaoguang, who was in the conference room, was a little unimpressed when he heard the offer of only 60 million at first, but Wang Dawei suddenly gasped after adding the word US dollar at the end.
60 million US dollars, according to the current exchange rate, is close to 500 million yuan!
Su Wen bought Tengxun at the end of November last year, and it only cost 1.2 million yuan, that is, in less than a year, it has multiplied more than 400 times.
Just when Wu Xiaoguang thought that Su Wen would seriously consider it.
Su Wen continued to shake his head. "It's low. ”
Wang Dawei glanced at Su Wen with interest, and in the face of a valuation quotation of nearly 500 million yuan, Su Wen, who was sitting opposite him, didn't seem to be impressed at all.
Before coming, Wang Dawei still had a little understanding of Su Wen.
The person sitting opposite him was only nineteen years old, and he had this determination at this age, which made Wang Dawei a little surprised.
Wang Dawei decided to add more tempting conditions.
"No matter what the final amount of financing we MIH is, 30% of the financing will be your own private property. ”
Wang Dawei's meaning is obvious, to increase the attractiveness of his offer.
For example, with a valuation of $60 million, MIH financed 30% of the shares of WeChat, which is $18 million.
Thirty percent of this eighteen million dollars, that is, five million four thousand dollars, can go directly into Su Wen's pocket.
The remaining 70 percent is used for WeChat's expenses.
Su Wen was bright in his heart, but he let out a faint oh sound, indicating that he knew.
Seeing Su Wen's indifferent performance, Wang Dawei's heart couldn't help but sink, and he began to have an unoptimistic attitude towards this negotiation.
However, this is only the first round of quotations, and it is far from the bottom line of MIH's final valuation of WeChat.
Wang Dawei originally had the mentality of adding up little by little, but seeing Su Wen's somewhat indifferent expression, he decided to change his original strategy and directly increase the price.
"Sixty-five million dollars!"
"It's low. ”
"Seven million dollars!" Wang Dawei continued to add.
To be honest, this price is still far from making Su Wen consider financing.
Su Wen didn't want to waste time, opened the skylight and said directly. "If MIH wants to use this price range as the valuation of WeChat, I don't think we need to talk about it!"
The corners of Wang Dawei's mouth moved, although 70 million is not MIH's final valuation of Weixin. But Su Wen's words are obvious, and the price he quoted may be far from the estimate in people's hearts.
Now, Wang Dawei also understands that it is impossible to negotiate today, but he is still very interested in wondering, what is the valuation of Weixin in the mind of this nineteen-year-old young man?
"I don't know what Mr. Su's valuation of Weixin is?"
Before this, Su Wen really hadn't estimated the value of Weixi, but he felt that the price quoted by Wang Dawei was too low and could not match the valuation of Weixin in his heart.
Now that Wang Dawei asked like this, Su Wen also thought about it carefully before he said. "Sohu was valued at $1 billion when it went public. I think the current WeChat message is worth at least half a billion dollars!"
Su Wen honestly reported his valuation of Weixin in his heart, but it scared everyone in the conference room.
Wu Xiaoguang looked at Su Wen like petrified, just now Wang Dawei reported 60 million US dollars, Wu Xiaoguang felt that it was beyond the scope of his heart, and now that Su Wen reported the figure of 500 million US dollars, his jaw was about to fall in surprise.
Wang Dawei's situation at this time is not much better than Wu Xiaoguang, and the smile on his face is stiff, five hundred million dollars?
Nowadays, China's Internet giants Sina, Sohu and Wangyi, affected by the collapse of the NASDAQ, have fallen to less than $300 million in market value, and Su Wen, who is sitting opposite him, dares to make a valuation of $500 million on WeChat, does he think that Weixin can be worth more than the current three major portals?
Wang Dawei could no longer maintain his calmness before he came, so he could only say. "I will report this to the senior management of the group so that they can refer to it. ”