I was reborn and stayed in school to lie down. I really don’t want to roll anymore!

If Jiang Hao had never experienced what it felt like to be carried away before.

Well, in recent times, he has experienced it completely.

Hillhouse Capital has new professional talents coming from its headquarters in the capital every day.

Data analysis and research are carried out over and over again.

At the same time, Sequoia Capital, IDG Capital, and some major domestic capital companies have teams coming to Totoro Live to conduct research.

All contact work, including key data that is allowed to be viewed, is reviewed by the Hillhouse Capital team.

As for Qu Hui, the manager of Tencent's M&A investment department who was communicating with Jiang Hao, after Jiang Hao showed his intention to let go.

Finally, comrades from Hillhouse Capital were specifically responsible for the connection.

Anyway, in the past few days, many visitors have been coming in and out of the Totoro Live Company, all day long.

The only ones who are busy are Director Zhang and Manager Wu from the administration department, who are responsible for visitor registration and reception.

The specific communication work is handled by the Hillhouse Capital team.

When conducting research with fellow investors, comrades from Hillhouse Capital communicated with the other party very quickly and efficiently.

As for Totoro Live itself, the company’s technical team includes colleagues in the operations department.

Apart from asking which company the people coming here are from, most of the time they are busy with the work at hand as usual.

On October 10th, it had just been ten days since the League of Legends competition hosted by Totoro Live ended.

Only seven days after Hillhouse Capital took over the financing preparation work, the financing work is nearing completion.

Jiang Hao was facing the latest ultra-thin ASUS laptop in the office.

The brand new silver computer case and the "Eye of Prodigal Son" logo when it was turned on could no longer attract Jiang Hao's attention.

I hurriedly put on my wired in-ear headphones and opened the ZOOM video conferencing software.

Mr. Zhang and Professor Zheng from Hillhouse Capital have now appeared on the screen.

Only there was a small problem on Lu Weiming's end, and the screen of his meeting was black.

Fortunately, there is no problem with receiving voice messages, and currently he is the only one among the four who is still speaking.

"How do you open the screen with this thing? I still think it's not easy to use. It's not as good as QQ group video."

Although the face is not on the screen, Jiang Hao and Brother Lu are really familiar with each other.

At this moment, I can already imagine Lu Weiming's cursing face on the other end of the computer.

"Boss, your laptop is too old. It doesn't seem to have a built-in camera function."

"Impossible! Last time, I had a video chat with the heroine... and someone else using QQ."

The sound of the entire video conference currently comes from Lu Weiming's microphone.

Although several people were preparing to confirm the final financing situation, they were not in a hurry for the last few minutes.

Even Lu Weiming's complicated situation eased Jiang Hao's excitement and anticipation a little.

"Boss, did you forget? Your external camera broke the day before yesterday. You were using an external camera before."

It sounded like he was Lu Weiming's assistant in Fuyang City, and he was speaking cautiously at the moment.

"Oh, yeah! Never mind then."

"Brother Jiang, Mr. Zhang, and Professor Zheng, how about we just talk about the matter?"

You know what, with Lu Weiming's old-fashioned style, it would be no problem for him to give the female anchor tens of thousands of dollars.

As for computer accessories, including other hardware facilities, they might actually be old ones.

The laptops bought in the early years may have been expensive, but many of their functions were not complete.

"Okay, let me tell you the results of the communication first."

"The talks with Tencent have almost concluded. The highest valuation they are willing to give is set at US$3.5 million."

“The minimum required shareholding is 15%, and Sequoia Capital and IDG Capital are willing to follow suit at this valuation.”

Hearing Mr. Zhang say this, Jiang Hao couldn't help but sigh.

As expected, professionals are professionals. Not only did they communicate with several major capitals, but the price they negotiated was far beyond his expectations.

US$3.5 million, equivalent to RMB 22 billion.

The valuation has increased by about 16 times compared to the A round, but he is satisfied anyway.

At this moment, we are more concerned about the question of how many shares need to be released.

"How many shares do Sequoia Capital and IDG Capital want?"

"It depends on our specific ideas. Anyway, they are just following the investment."

"We prioritize Tencent's share. They can only take as much as we are willing to give them."

Mr. Zhang's words were not polite at all, even though Hillhouse Capital was inferior to Sequoia Capital in the capital market.

But in this Totoro live broadcast project, he holds the initiative and is not afraid of his old colleague at all.

"For the time being, I am considering selling 20% ​​in total, leaving the remaining 5% to Sequoia Capital and IDG Capital."

"And I won't invest in this round."

"Well, I have discussed with the team in the company and decided not to invest in this round."

Professor Zheng also joined the topic at this time and said that he would give up following the investment in this round.

In fact, it is still to make way for Tencent and dilute its own equity.

After all, the significance of Tencent’s investment is no less than that of any other, and it is the most critical to the business development of Totoro Live.

Currently, from the B round to the C round and even the D round, Tencent’s support behind the scenes, especially the support for traffic business, is the most important.

What is more important for these top capitals is before the actual IPO.

Regarding the preparation for listing in various capital markets and the company’s financial statements.

And using various means to meet the listing standards is what these capital companies are best at!

"I have no objection. If we follow this condition, when can we finalize the financing?"

"Haha, we'll finalize it this afternoon and we can officially sign it tomorrow."

"Boss Jiang, don't worry, Tencent is much more anxious than us!"

At this point, Mr. Zhang laughed. Who could blame Tencent for not taking over? Sequoia Capital, which is behind him, is already eager to try.

And compared to Tencent, Sequoia Capital doesn't treat money as money at all.

Of course, all of this is based on the premise that Mr. Zhang will act as the matchmaker and sell the shares of Totoro Company in this round of sales.

If Jiang Hao were to come by himself, haha!

Seeing that the investors in Round A did not have strong capabilities, I guess this group of people could communicate secretly, jointly lower the price, and then invest together.

……

9am the next day.

The temperature in Songjiang City took a sharp drop this week, as if there was no spring or autumn, only winter and summer.

Starting in mid-to-late October, the transition from summer to winter was completed in just two weeks.

This time, Jiang Hao finally put on the double-breasted light gray suit with peak lapels that he had ordered a few months ago.

He put on a brown tie, a pair of leather shoes, and headed to the company with an excited look on his face.

Although the B round of financing has been going on for half a month, it was only today when we were about to finalize and sign the contract.

Jiang Hao couldn't help but feel excited!

At this point today, going public is no longer just empty talk.

Although there is still a long way to go, for him, the probability of going public is only a few percent.

After this round of financing, it will be infinitely magnified.

There is at least a 20% to 30% chance of it being listed, and this probability will continue to increase after the C round!

Not to mention that there are really a lot of bigwigs behind Totoro's live broadcast.