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Tim smiled faintly and said: "A good vision is certainly a psychological element that an enterprise can have, but it cannot be separated from reality, and before the future is decided, I think it is still necessary to follow the number of reality!" ”

Song Chen said with a smile: "Alibaba Group has a VAM agreement with the venture capital group, why don't we Chenxing (China) Holdings and you also have a VAM?" ”

Yang Zhiyuan shook his head and said: "The gambling place is nothing more than the growth scale of free registered users!" But in fact, even if you are now given 25 million free registered users of Chenxing Network and ICQ, you still can't come up with strong evidence that you can make a profit! ”

Song Chen smiled slightly and said: "In this case, then I hope Yahoo and SoftBank will consider the business connection between Chenxing Network and goog1e, the valuation of 300 million US dollars does not meet my expectations!" ”

"Yo Xi!" Son Masayoshi smiled slightly, and said with a smile, "No matter what, we at SoftBank Group have always supported your company's exhibition. No matter how much your company is valued, we at SoftBank will invest more! ”

Tim? Kugel and Yang Zhiyuan's faces changed slightly, and they were silent for a moment, Yang Zhiyuan groaned: "The connection between Chenxing Network and Baidu and goog1e has supported the existing value of Chenxing Network, if we consider the possible close connection in the future, we Yahoo don't mind making certain concessions!" The question is, how much do you think the Chenxing network is worth? ”

Yao Huaqiang took a breath and said the valuation that Song Chen had discussed with him: "400 million US dollars!" ”

In fact, Yao Hua was also frightened by this estimate!

"We, SoftBank, will invest an additional $100 million!"

Yang Zhiyuan and Tim were instantly scorched by their words. Stunned and speechless. Seeing Sun Zhengyi smiling like a cunning old fox, Yang Zhiyuan's face was thoughtful.

And Song Chen was helpless and surprised, and couldn't cry or laugh.

As a behind-the-scenes investor, SoftBank Group's operation of the "Chenxing Model" is clear at a glance. is also the person who has the most confidence in Song Chen and Chenxing's model, but whether this confidence is good or bad for Chenxing Holdings can only wait for many years to see.

On June 2, 1998, AO1 acquired INETBSP from Mirabi1is in the form of $300 million in cash and $130 million in three-year installments in order to build a brand effect around their portal and make AOLS deeply rooted in the hearts of the people. This news has caused a sensation in the United States, not only because AOL is already a behemoth with a market value of more than 100 billion US dollars in the eyes of Europeans and Americans, but also because is it worth it for the public opinion media to pay such a big price for AOL's acquisition of ICQ?

However, public opinion has just boiled to the top!

Next. After repeated negotiations and mutual compromises, SoftBank Group and Yahoo agreed to the valuation of the $400 million market value of Chenxing Network's investment. To this end, the SoftBank Group has invested an additional $80 million. Yahoo invested $50 million in another 2o% and 12% stakes from Chenxing Holdings.

This means that the $20 million invested by Son has risen by 4oo% and is now worth $80 million, and he now holds 4o% of the total share capital of Chenxing Network. As a concession and the basis for a partnership between QQ and Yahoo, Yahoo will receive twice the voting rights of the equity.

Song Chen gritted his teeth and agreed.

Although Chenxing Network received a large amount of "winter" funds. But Chenxing (China) Holdings' controlling stake in Chenxing Network suddenly dropped to 48%, and with Yahoo's double voting rights compensation, his voting rights were actually only 36%. If one takes into account the establishment of a high-level option pool, his controlling stake is already actually less than 3o%.

However, as compensation for Song Chen's relaxation. Son and Yang promised that in the future, they would appropriately use their equity for stacking the option pool.

The $150 million acquisition of only 32% of the equity of Chenxing Network surprised many reporters and economists. With just over 2oo free registered users, why is a Chinese company worth $400 million, which is ten times different from ICQ? Only more than inetbsp; Yahoo's collaboration with Song Chen is much more than that. At the press conference, Tim did not shy away from announcing the termination of Yahoo's contract with DEC and demonstrated the different results of the two companies' two technology engines on the spot.

It proved on the spot that Goog1E is far more accurate, faster, and more user-friendly than A1Tavista!

"We were convinced that goog1e was the best search engine in the world, so we didn't hesitate to invest in this company and make this nascent company our Yahoo technology service provider! It turns out that the chairman of Chenxing Holdings is a visionary, and after he bought GOOG1E for 1 million, I could only buy 1O% of the company's equity for 50 million dollars! ”

No one had noticed that Baidu and goog1e belonged to different holding companies in terms of capital, and they didn't know the story behind SoftBank Group's valuation of the new search company at $500 million.

Previously, in addition to the high-profile recruitment, Song Chen's U.S. expansion has been low-key, and reporters have not deliberately squatted to interview the entrepreneur from China. It wasn't until these reporters showed a keen interest in the young boy and went to investigate the truth behind the scenes that they realized that Baidu and Goog1E belonged to different holding companies, but Chenxing Network was not.

What kind of strategic intentions are behind this?

Why did Son always support Song Chen and not hesitate to invest large sums of money? Baidu's 20 million, Chenxing Network's 120 million, Alibaba's 20 million, goog1e's 100 million US dollars, Chenxing's home delivery logistics 100 million yuan, Son Masayoshi has invested more than 250 million US dollars in Song Chen! It can be described as unsparing support, why?

At the press conference, in addition to the content of the cooperation between Chenxing Network and goog1e and Yahoo, the three parties were silent and avoided it.

The public opinion media, which could not find an answer for a while, could only think:

SoftBank Group is crazy! Yahoo is also crazy!

……

Ma Huateng is going crazy too!

The good news of AOL's acquisition of ICQ for $430 million did not keep him in a good mood for long, and then Chenxing Network received a second round of financing at a sky-high price of up to $150 million, which made Ma Huateng no longer happy.

$150 million! The acquisition of 1o Tencent is surplus!

Despite the upset, the ICQ acquisition and QQ financing case after all encouraged the global IM business, and at the same time made the venture capital focus more on the network instant messaging industry, Ma Huateng and the venture capital that had been connected before hit it off, got 10 million US dollars in financing, he finally has the capital to fight with QQ in the Chinese market!

But Ma Huateng is very smart, he knows that if he follows behind QQ's ass step by step, it is impossible to win, and Chenxing Network, which is backed by Chenxing Holdings, must win by surprise.

After obtaining financing, the first thing he did was to send someone to find the contact number of Bao Yueqiao, the founder of Lianzhong, and ask about cooperation. Who knows that Bao Yueqiao and other three founders of Lianzhong World have long been interested in the achievements of QQ Games, and the cooperation with Ma Huateng can be described as a perfect fit.

However, Song Chen and Yao Hua don't know the content of their cooperation now, and even if they do, they don't care. IM is a typical industry with the Matthew effect, the stronger the stronger, the weaker the weaker! The more free registered users of QQ, the faster the free users of OICQ and other online instant messaging apps will pass by - because there is a high probability that his friends are using QQ!

If it weren't for the fact that there are so many more ICQ users than QQ, QQ wouldn't even have the chat interface full of ads. After completing the business negotiations, Zhai Yan, Jiang Yan and Yao Hua are going back. Song Chen was reluctant to let his beloved woman leave his side, so he temporarily kept Zhai Yan and the three of them in the United States for a few more days on the grounds that the executive officer Xi was not in place......

Great Cheng dù on, this reason is saved zài, because Eric? Schmidt has not yet taken office. After all, Eric is an executive officer at nove11, and he is a senior executive with a great track record of leading nove11 to profitability, and even if he is leaving, he must arrange a successor, hand over the company's affairs and a series of other things.

So Song Chen kept Zhai Yan and Jiang Yan for a few more days, in fact, it was okay for them not to come over for this negotiation, but they "couldn't refuse" Song Chen's "order", plus Zhai Yan and Jiang Yan's two daughters were fond of cocoa, so they took the initiative to "throw themselves into the net".

June 5, 7 a.m. San Francisco time.

The breeze blows through the dense and lush leaves outside, and the white veils dance and flutter in the wind, bringing the breath of summer.

Jiang Yan, who was awakened by the "tremor" of the soft bed, was half-asleep and half-awake, and his eyes were sleepy. turned around and saw that the two ** bodies behind him were fighting fiercely hand-to-hand, with lingering expressions and strong **...... Jiang Yanqiao's face was dyed red, and she turned her head and whispered, "I've been doing it all night!" ”

Jiao smiled and avoided the big hand handed over by Song Chen, Jiang Yan got off the bed and picked up a white bath towel to wrap his slender and plump **. Standing in front of the window, Jiang Yan stretched his willow waist, looking at the quiet morning outside the highway, and occasionally saw people walking their dogs in the morning...... Listening to the coquettish sound behind him, Jiang Yan couldn't help but let out a wry smile.

When he went to the bathroom to wash up, Jiang Yan slapped Song Chen's ass hard, and there was a crisp sound, leaving a palm print on the buttocks. (To be continued......)

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