Ordinary Road 2010

Next time I quarrel, I must win!

Chapter 500 Nothing

Gu Caiwei's time has come and gone, but Lin Yi doesn't seem to have it yet.

5月份，Uber宣布完成10亿美元的F轮融资，再加上今年2月份拿到的10亿美元，仅2015年以来他们拿到的股权融资就有20亿美元。

Kalanick's financing environment is too good.

Stimulated by this news, Lin Yi also accelerated the progress of Wanli Travel's next round of financing. During this time, he intensively visited many potential investors.

Among the shareholders who entered in the previous rounds, Li Luobin has agreed to add more, and the second most wealthy and powerful is Zhang Lei of Gaoling Capital.

The latter was actually a little worried about the situation of Wanli Travel after the merger of Dudu and Kuaidu, but after Lin Yi had a long talk with him, he decided to pay another sum, but it was just a follow-up investment.

In addition to the professional venture capital and private equity institutions that had been visited during the last round of financing, Lin Yi and the others also focused on some relatively large companies this time.

Because with the explosion of the taxi-hailing industry, the current scale has a lot of room for business cooperation for many companies, and the money is relatively easy to get.

For example, Lin Yi visited several domestic smartphone manufacturers in turn, because 2014 was the first time that domestic brands of smartphones surpassed foreign brands, among which Mi mobile phone topped the list.

So Lin Yi naturally found Mr. Lei Jun, and it was not difficult to arrange such a meeting with him and Wan Lixing in their current positions.

Of course, this is not the only one. He has searched for all mainstream domestic brands, hoping to form a community of interests to some extent through investment, in exchange for using Wanli Travel as a pre-installed software on mobile phones.

Another target that Lin Yi is aiming at is Zhalang Weibo. He did not find this company because of any important synergy effect, but because he discovered how important it is to control public opinion when there was a scandal some time ago.

If you can work hand in hand with Zha Lang Weibo, then the next time you encounter this kind of thing, you will have a lot of room to maneuver.

The idea of ​​factory A is worth learning.

In addition, Liu Jianni also arranged for a key strategy target to be the insurance company. In addition to the financial industry with a lot of money, it is also because the passengers who travel thousands of miles will provide accident insurance by default.

With the expansion of the company's scale, this is already a considerable amount of business. As CFO, Liu Jianni discovered this from the company's financial structure, and thought it was an opportunity to deepen cooperation with insurance companies.

In short, Lin Yi and Liu Jianni ran around, some companies were interested and some companies were not, so it was somewhat rewarding.

When the time enters June, according to the previous plan, they should draw an end to this round of financing.

"Come together, how much money do you have now?"

"Several institutions and companies we have visited so far have already given a clear investment intention of 6 million US dollars, and Xiongchang also reported an intention of 6 million US dollars, and now we can get 12 billion US dollars in the end. "

After Liu Jianni reported the situation, the meeting room fell into silence for a moment, only the sound of Lin Yi's fingers tapping on the table in turn.

This amount is obviously far from their initial goal. Lin Yi originally hoped to get 20 billion US dollars in this round.

"What window of time do we have to continue raising funds?"

"According to the company's current reserve funds, we can squeeze out another one to two weeks at most if we want to make money this month without breaking the capital chain."

"Too hasty."

Lin Yi himself immediately vetoed this idea, because if he did so, the investors who had already agreed would feel stretched, and there was no guarantee that they would not change their minds.

He quickly recognized the reality, and the subsequent decisions were easier to make.

"12 billion is 12 billion. This is not a small amount. If other companies can get such a large amount of financing, they should be laughing. If we hesitate again, it will seem a bit hypocritical."

Seeing what Lin Yi said, the senior sister added: "According to the current average monthly expenditure rate of 1.6 million US dollars, this money can be used for about seven and a half months."

Lin nodded slightly: "Seven and a half months, not too much but not too little, the future will be long."

After the policy is set, Liu Jianni will go to the investors to implement the 12 billion US dollars, but before that, she asked:

"After this financing arrives, do we need to advertise it with great fanfare?"

This issue is not so difficult to consider, Lin Yi easily decided: "It can be publicized, but there is no need to make a big fanfare."

"We didn't make much publicity during the last round of financing, but simply released the news, and the media responded very enthusiastically at that time."

"Of course, it is estimated that there will be no such effect this time, because Uber's financing of US$10 billion and US$10 billion, obviously everyone's ability to bear numbers has improved a lot."

This is actually an interesting phenomenon. There is no doubt that US$12 billion is a lot of money. You must know that the standard for unicorns is only US$10 billion, and it is a valuation.

It’s just that after you’ve seen it a lot, by default, another standard applies to the taxi-hailing industry.

Lin Yi has no time to study this kind of mental state, he just needs to know what he should do in the immediate situation.

"If we don't publicize it, we will show our cowardice, and we will have a bad feeling about the investors who have just paid for it."

"We are just worried that Dudu Kuaidu's financing amount in this round is higher than ours. If there is too much noise now, it will inevitably be embarrassing."

"I have a very strong hunch that this incident will happen with a high probability, but we can't give way to Dudu in advance because of this."

"Looking at it from another perspective, at least we still have seven and a half months to deal with Dudu, and this time there is no need to confront him head-on."

"We can totally step on Uber."

"Anyway, at the end of last year, we had dealt with Uber and Kalanick in an open and aboveboard manner. Is it normal to take him under the knife this time?"

That's what Lin Yi said, and he did the same.

Soon after, Wanli Travel announced that it had completed the C round of financing with an amount of US$12 billion, and the post-investment valuation reached US$80 billion.

The news really attracted the attention of the media again, and Lin Yi accepted the interview without hesitation.

"How do you evaluate this round of financing of Wanli Travel? Is it a success?"

"Of course, I think the most successful part is that it taught our technology madman Mr. Kalanick a good lesson."

The reporter probably didn’t expect that he would suddenly mention Kalanick, and quickly asked with interest: “What does this have to do with Uber? Could it be that you have any stories in this round of financing?”

Lin Yi made a generous statement: "The story is that a few months ago, Mr. Kalanick brazenly said that he would spend 10 billion US dollars to break into this market, and he looked rich and powerful."

"Wanli Travel has no other purpose in this round of financing. It just wants to tell Mr. Kalanick clearly, at least in the taxi market."

"A billion dollars? Nothing!"

Chapter 501 "The advantage is mine"

"Does he have a grudge against Kalanick, so persistently stepping on that foreign devil?"

In fact, Cheng Wei also thinks that Kalanick is very annoying both in public and in private, but at least he has not directly attacked him in public.

That guy Lin Yi didn't know what kind of gunpowder he had taken. He could be superficially friendly to other colleagues, and he seemed to have a special "soft spot" for Kalanick.

On this matter, Liu Qing obviously has a different understanding: "He didn't dare to compare with our Dudu Kuaidu, so he had no choice but to catch Uber's hype."

"But speaking of it this way, at least he is well aware of the current gap between the two sides, that is, Dudu Kuaidu's financing amount in this round will definitely exceed him."

There is only one thing that Lin Yi and Cheng Wei have a tacit understanding.

That is, while Uber and Kalanick may look menacing, they actually see each other as their biggest competitors.

And Liu Qing said this with a strong voice. If she could only speculate on the financing progress of Wanli Travel through various indirect news before, once it is made public, it is tantamount to a clear card.

The advantage is mine.

"I have been paying attention to the situation of Wanli Travel before, because there are many investors who overlap with each other, and they all meet them first and then see us again, which can be said to be a tiger's mouth."

"What I'm more worried about is that Li Robin of Xiongchang suddenly ignored it like he gave 1 million US dollars, but it seems that this situation has not happened now."

"According to what I have heard, Xiong Factory contributed about half of the $12 billion. Although the support is not small, there are two big factories behind us, Goose Factory and A Factory, and Xiong Factory cannot support it alone."

Liu Qing vowed, "We will definitely win this game."

Cheng Wei didn't doubt her words. Since Liu Qing came, Dudu's achievements in financing are obvious to all, including the merger of Kuaidu, which is the direct reason why he invited Liu Qing.

He also paid enough for this.

When Liu Qing joined Dudu, he could no longer be regarded as the founder, but he surpassed the CTO Zhang Bo and others with earlier qualifications, and became the second largest individual shareholder after Cheng Wei himself.

"How much higher can we raise than Wanli Travel Financing?"

Liu Qing replied confidently: "The specific amount will not be determined until all investors have finished talking, but it is 100% higher than them."

"I will strive to widen the gap in the amount, so that other investors will see our advantages and will not allow Wanli Travel to make any unnecessary resistance, and they may be defeated without a fight."

Of course, Cheng Wei also hopes to see this result, but he still reminds: "Wanli Travel has fewer financing rounds than us, and Lin Yi still firmly holds the control of the company."

"According to the last time I communicated with him in private, Lin Yi won't cry when he sees the coffin, and it's very likely that he will have to spend all the money before he can give up."

After this round of financing of US$12 billion, Lin's shareholding ratio has dropped to less than 40%, and he has lost the simple majority.

However, even without considering the difference in the voting rights of the shares issued in each financing round, the shareholding ratio of the entire management team of Lin Yijia and Senior Sister is still higher than the threshold of 51%.

On this point, Cheng Wei is incomparable.

Liu Qing's thinking angle is different from Cheng Wei's. In her opinion, Lin Yi's personality doesn't matter at all, because if this young man can't see the situation clearly, the investor will teach him how to behave.

Even if Lin Yi can insist on spending the 12 billion US dollars by virtue of his control of the company, but after the relationship with investors becomes stagnant, what future can Wanli Travel have?

If anything, it's because investors who are foolishly insisting on both sides may waste an extra $20 billion.

Doesn't seem like a waste?

Because apart from the two of them, Uber still exists in the market. Even if they can shake hands and make peace, the investment in competition with Uber is indispensable.

"Whatever."

Liu Qing said with certainty: "This game is about to end."

……

Like the previous round of financing, Dudu’s completion time was later than that of Wanli Travel, and it was not officially announced until July.

But this time, Dudu didn't fall under the ten thousand miles of traveling, instead, a nuclear bomb-level big news broke out.

Liu Qing, representative of Dudu Kuaidu after the merger, announced that the business integration of the two companies has been highly recognized by investors, and the scale of this round of financing has reached an astonishing US$24 billion.

This not only set a financing record for domestic unicorns, but is likely to be the world's largest single financing for an unlisted company this year.

Such a good material, of course, needs a special book.

All of a sudden, all the technology and financial media used large-scale special reports to tell the story of Dudu's fortune so far, and the grand treatment was even more grand than the previous Wanli travel.

"Dudu actually played a trick. They did not announce the post-investment valuation of this round, but only announced that the financing amount was US$24 billion."

"From this point of view, their financing amount is twice that of ours, and the gap is almost the same as that between Dudu and Kuaidu before the merger. The impression given to outsiders is that Wanli Travel has fallen behind seriously."

"Are we really this miserable?"

"According to our own market statistics, the merger of Dudu and Kuaidu is nothing more than the completion of the business integration of the two parties, and nothing will be born out of thin air."

"On the contrary, many of the positions on both sides overlap. It's just because of Cheng Wei's promise not to lay off staff, so the whole team is bloated. They are much more expensive than us in terms of cost."

"Speaking of financing, according to our observations, the post-investment round of Tudu Taxi is about 120 billion U.S. dollars. They can get 24 billion U.S. dollars, which is basically the top financing, that is, they can get the most in the market. All the money was swept over."

"Of course, it must be admitted that after this round of financing, the advantages of the other party continued to be enlarged, and many investors chose them between the two parties."

"But it doesn't mean that we have no chance at all. We still have at least half a year or so, which is enough time for many things to happen."

"When Wanli Chuxing was launched in 2013, and even after we received USD 1 million from Xiongchang at the end of the year, who would have believed that we could counterattack and become the number one in the industry in a short period of time?"

This time, Lin Yi did not focus on putting pressure on his team, but cheered them up rarely. The good news is that the company's morale is still stable at present.

But Lin Yi was not so relaxed in his heart. He knew that even if he could be as determined as iron, others might not be able to be so decisive.

At this time, he naturally looked at the most reliable person beside him.

The senior sister just returned a firm look.

Chapter 502 Do I Still Have a Chance

Another feature of this round of Dudu Taxi campaign is that Liu Qing's appearance rate is particularly high, which seems to be more than that of Cheng Wei.

On the one hand, this may be the tacit understanding between the two in the division of labor, but on the other hand, it is undoubtedly due to her personal identity.

Because in addition to Dudu’s huge financing of US$24 billion recently, there is also a very topical news.

Shenzhou Private Car, which was just established at the beginning of this year, has also started to raise a large amount of money, squeezing into the private car market where Tudu, Wanli and Uber are fighting.

The current business scale of this company is not worth mentioning. What is special is that its main investor is a private equity fund under the Taishan Group, which is the Taishan Group founded by Liu Qing's father.

So in the field of private cars, apart from Lin Yi's ten-thousand-mile travel, the remaining three players all appeared from the Liu family:

Liu Qing, the CEO of Dudu Kuaidu.

Liu Zhen, Head of Regional Strategy, Uber Mainland China.

Liu Taishan, a strategic investor of Shenzhou Automobile.