As an Internet giant facing the world, Pan Entertainment Group is also the only Internet company that has blossomed in China and the world at the same time.

The financial reports they released have always been a topic of common concern for social elites.

Both at home and abroad, were shocked by the potential of the pan-entertainment group's outbreak, and many media lost their voices in this financial report.

The quarterly revenue of $5.8 billion surpassed Google's total revenue in the second quarter of last year, and the net profit was as high as about $1.5 billion.

You know, last year, Google's market value reached an astronomical figure of $106.57 billion.

The pan-entertainment group, even the market has not yet been fully rolled out, accounting for more than 70% in China, and less than 20% abroad.

What's more, with this piece of cake for Internet entertainment, it will take several years for the entire market to mature.

China alone has a huge market of hundreds of billions of dollars, let alone the world?

This means that in a few years, if Pan Entertainment does not fall, it will already have the qualifications to compete for the trillion-dollar club.

This also means that Zhong Zixing, who controls 67.5% of the shares of Pan Entertainment Group, has directly become the richest man in the world, and at the same time, he has surpassed the second by multiples!

Last year's financing agreement said that at least $50 billion would be listed within five years, but now it is far more than $50 billion.

With such a terrifying value, how many people will be jealous?

Normal wealth, others will think that it is nothing, but once there is transcendent wealth, it will make people feel afraid.

When Zhong Zixing privately calculated this result, there was a moment of cold sweat.

People live in the world, no matter how extraordinary you are, it is impossible to get out of the world, how can this world allow such a huge wealth to gather in the hands of one person?

......

Several world-class economics schools put the financial reports of pan-entertainment groups in the classroom, and asked students to calculate the approximate valuation of the major businesses of pan-entertainment.

Not only the academy, but also the world's top investment banks have also begun to take action, wanting to get a piece of the pie in this financing.

The Internet is even more controversial.

Under the official website and official blog of Pan Entertainment Group, the comments on the message jumped out with a frenzy of 100,000 people.

Most people talk about valuations because it's so far away.

Netizens think that pan-entertainment, like the current LX, is winning glory for the country, and the number of likes for this comment is far ahead.

After Zhong Zixing saw it, no matter how others interpreted it, he asked people to delete this comment on the spot.

There are praises, and of course there are a lot of yin and yang weird ridicules, which can't affect his mood.

A whole month of April......

Under the command of Zhong Zixing, the Strategy Department of Pan Entertainment Group flew to the world with documents one by one, contacting capital giants, and wanted to screen out qualified shareholders who could escort Pan Entertainment.

The Strategy Department flew all over the world's major investment banks and brought back countless messages.

There are many capitalists who are interested in participating in financing, but few are able to participate.

In the letter of intent, there are only a few giants in JPMorgan Datong, Zhenqi Group, Shengsheng Group, Deutsche Bank and the Industrial and Commercial Bank of China.

On market capitalization, among these giants, ICBC is the highest, on capital, they are united, it is not an exaggeration to say that they can shake the world, the huge amount of capital in their hands has already spread all over the world, even if it is a latecomer, ICBC is in the lifeblood of countless enterprises in the world, and is nicknamed the first bank in the universe.

In terms of networking, these giants are among the best in global investment banks.

So, Zhong Zixing picked out their letter of intent from dozens of documents.

......

Lee Dong-hui has returned from Oumeng.

Since Pan Entertainment released the news that it was going to refinance and start selecting letters of intent, the excuse of anti-monopoly investigation has almost disappeared from the market.

The hearing ended after two hours of casual talk.

Moreover, the letter of intent for financing from Deutsche Bank was brought back from the banks of the Rhine.

"Mr. Zhong, after this round of financing, it is basically impossible to have the next round of financing, right?"

"Even if you want to, no giant will melt up." Zhong Zixing smiled.

The first round of financing of the capital companies provided a precious period of development time for pan-entertainment and solved some small troubles from enterprises.

The second round of financing will provide a huge living space for pan-entertainment, and solve some international troubles, involving countless interests.

Moreover, the amount of this financing will become the largest amount in history, which will push the valuation of pan-entertainment to the peak, and there will be no third round in the future.

It's not that the capital side can't take out so much money, but they can't get much rate of return if they can get it.

Isn't it the return of capital to seek profits? Therefore, the financing of pan-entertainment is likely to stop at Series B.

"SoftBank, IDG, DFG, KPCB, Sequoia have all given up on continuing to invest, and they are reluctant to follow up on the big scale of Series B!" Li Donghui and Zhong Zixing discussed.

When these five investment companies raised Series A financing, they said in the agreement that Pan Entertainment Group would be listed at a valuation of $50 billion within five years.

However, the current valuation is beyond the range of the capital's estimates.

Their upfront investment has been earned back several times in such a short period of time, and it is not in line with their behavior to continue to follow the investment.

SoftBank's Masayoshi Son wanted to continue to invest, but SoftBank's board of directors disagreed, so he had to give up.

"Unexpectedly, these investment companies are basically angel rounds or A and B rounds, and the amount involved is too large and obviously inconsistent with the high returns they want." Zhong Zixing closed the file and rubbed his temples.

He was dizzy and annoyed by the documents for more than half a month.

"Bring in all the capital...... Just say I'm ready! ”

Over the course of a month, from the beginning of April to the end of April, there was a storm in the financial circles, and the meeting of the century was finally to be completed today.

Li Donghui nodded, packed up the desktop documents, and went to invite the capital giants who had been preparing in the living room for a long time.

The first to enter the conference room was a representative of ICBC's investment department, a middle-aged man surnamed Lin, walking with a smile on his face, followed by a secretary holding documents.

Subsequently, the representative of Morgan Commons, a balding man with a hooked nose and a somewhat gloomy look, Judith Roddy, the representative of the Hazel Banner Group and a member of the Rockefeller Foundation.

John Bryan, CEO of Hesheng Group Asia, President of Deutsche Bank in China, short Christian Koch with gold-rimmed glasses!

"I've been waiting for a long time, and I've just roughly calculated the development of the group now and in the next year." Zhong Zixing brought more than a dozen people who came in into the seats, and he didn't beat around the bush.

"I think it's difficult to estimate the overall value of pan-entertainment with normal valuation methods, so would you like to hear my thoughts?"

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