"Mr. Zhong, please speak!" Lin Haitao, a representative of ICBC, said with an elegant smile.

"We'd all love to hear from Mr. Zhong's thoughts! Judith Roddy, the representative of the Banner of the Rainbow, said: "The development of EEG is obvious to all! ”

In China, the name of Pan Entertainment Group is Pan Entertainment, and in foreign countries it is translated as EntertainmentEcoGroup, referred to as EEG.

These few companies sitting in the conference room can be said to be the most powerful investment banks in the world, and even more than one of them has been more than 100 years old, and their ups and downs can be seen behind countless financial tsunamis around the world.

The shortest is the Industrial and Commercial Bank of China, which is less than 30 years old, but it is backed by a country that is gradually waving, and the speed of development has made the world look sideways.

Neither the representatives of Morgan nor Deutsche Bank spoke, and the clothes were as casual as the hosts.

Seeing that no one had any opinions, Zhong Zixing continued to prepare his thoughts: "Our time is precious, so I'm going straight to the point, I hope you don't get offended!" ”

"The valuation methods of an enterprise are nothing more than the following: absolute valuation method, relative valuation method, industry rough algorithm, and book value method."

"If you compare, the revenue and profit of the pan-entertainment group are to surpass the search engine giant Google, of course, this comparison is not accurate, because the development potential of our pan-entertainment has a lot to do with the untapped market."

"Now that the global 4G has begun to be rolled out on a large scale, the online entertainment industry will usher in a new round of outbreak! That's enough for me to value the company at $120 billion......"

Zhong Zixing knew the flaws of the comparison method, but he didn't want his company to integrate this round at a lower value, so he opened his mouth directly.

Aside from the normal valuation method, this is more like a bargaining method, and raising the value to a certain level first will also raise their mental budget.

"It's too high!" The hook-nosed Morgan representative Owen Morgan shook his head.

"The comparison between EEG's quarterly revenue and Google's quarterly revenue is not correct, and you still have a lot of potential, I admit it, but Google's search engine and the Android mobile operating system that is gaining ground around the world have more potential than the average Internet company."

"Because they're more technological!"

In 07, Google and more than 80 hardware manufacturers, software developers and telecom operators formed the Open Handset Alliance to jointly develop and improve the Android system.

In other words, three years ago, they began to build an ecosystem of mobile phone operating systems.

Later, Google released the source code of Android under the Apache open source license, making the system an open source platform.

Up to now, the field of global mobile phone operating systems has been almost monopolized by Android and IOS, and WP and Bansai have lost their living space.

The operating system is the cornerstone of the Internet, and no matter how powerful an Internet company is, it cannot do without this cornerstone.

Therefore, if the pan-entertainment group EEG is really compared, it is not as good as Google.

It is precisely because of this that Zhong Zixing did everything possible to strengthen the pan-entertainment group, and when the global netizens could no longer do without the online entertainment products provided by the pan-entertainment group, he brought them to the operating system developed by the information technology department of Neutron Star.

The conspiracy is not enough, after all, the operating system is too important for the next era.

How can there be an operating system for the Internet of Everything?

It is impossible for Zhong Zixing to hand over his lifeblood to others, even if he completely abandons the pan-entertainment group, he must complete the layout of the system.

The technology licensed to Pan Entertainment can be taken back to create a new Pan Entertainment, but the operating system is different.

"If EEG hadn't been separated from Mr. Zhong's other laboratory company, Information Technology, the valuation might have been $200 billion." John Bryan, CEO of Goldman Sachs Asia, said with a smile.

In addition to the cloud computing and database of the Ministry of Information Technology, Neutron Star Technology Group has not gone to compete in the market, and has just sat and waited for partners to come to the door, so it is nicknamed a laboratory company.

It has a NASA, Cold Spring Harbor, Bell Labs feel.

"I'm sorry, Neutron Star Technology only develops technology and doesn't want financing, which disappoints you!" Zhong Zixing understood the meaning of John Bryan's words, so he rejected it bluntly.

"Since in everyone's eyes, the pan-entertainment group is worth less than $120 billion, so can you talk about your thoughts?"

"I'll do it first......"

Christian Koch, the short man who is the president of Deutsche Bank in China, pushes his gold-rimmed glasses.

"Mr. Zhong said that we don't use the normal valuation method to calculate the overall value of pan-entertainment, which we agree with in Germany, because so far, the world's online entertainment market has indeed not been rolled out, and the market potential is very huge.

"But the valuation of $120 billion is really too high, even if it is really $120 billion of Pan Entertainment Group, we will definitely be able to earn it back if we invest, and it is true that capital is profit-seeking, but capital does not want to invest in this company beyond the current value, are you right?"

"That's right!"

Zhong Zixing agreed with Christian Koch's statement, and put himself in the shoes of him, if he is a capital, he does not want the company he is about to invest in to quote arbitrarily.

"With the profit budget of the first quarter and the profit of the next year, and the budget market share, we in Germany value the pan-entertainment group at 90 billion." Christian Kochdao.

"At the same time, we also hope that when Pan Entertainment Group IPO, the underwriters can consider us Deutschland!"

may have been discussed, whether it is JPMorgan Datong, or Zhenqi Group, Goldman Sachs Group, and Germany's quotation is almost the same, and the highest has not reached the psychological valuation of Zhong Zixing and Li Donghui of 98 billion.

"Although Pan Entertainment Group is a domestic company, we also hope that its value can be higher, but it is really not worth $120 billion at this stage." Lin Haitao, a representative of ICBC, was the last to speak.

Zhong Zixing's head was a little swollen, and talking about these things with the capital side was more tiring than when he was doing experiments in the laboratory or sorting out Chinese coding papers.

At least he enjoyed experimenting, but he didn't find half the fun talking about it.

Li Donghui knew Zhong Zixing better, and when he saw this, he immediately took over the topic and continued to discuss with the representatives of the five giants.

The Series B financing meeting, which involves tens of billions of dollars in financing, cannot be hastily concluded.

The meeting lasted for several days, and it was not until early May that the capital party signed an agreement with Pan Entertainment Group in the Xizi Building.

It is a very difficult process to get cheap in the hands of capital, Zhong Zixing and Li Donghui have worn out their mouths, from 120 billion to 110 billion, and finally bite the offer of 100 billion US dollars and finally negotiate with difficulty.