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

“It’s so delicious to eat here!”

After a new round of dishes was served, Mr. Lei, who had eaten one extra bowl, put down his bowl.

Instead of being disgusted by the slightly cramped simple meal tonight, he ate it with great relish.

After eating, he silently watched Lu Weiming eating like a madman, as well as several other young people including Jiang Hao, Yang Tianhao, etc.

After watching for a while, I couldn't help but pick up the chopsticks and take a few bites of food to taste.

After having a good meal and a few drinks, everyone really started talking about the valuation given today.

The valuation of the offer that Mr. Lei received from Sequoia was later negotiated to US$38 billion.

On the IDG side, Mr. Zhang negotiated the valuation to US$41 billion.

As for the BlackRock Group that Professor Zheng contacted, the offer was US$39 billion.

Anyway, they are all around this range.

As for Yang Tianhao and Lu Weiming, they were just sitting quietly aside.

No one asked about the negotiation between the two of them, after all, their main purpose was to persuade them to back off.

In fact, the prices offered by the capital parties they contacted were really different.

The highest valuation could be around US$35 billion, while the lowest could even be as low as US$8 million.

I don’t know the purpose of these individual capital companies coming here. Maybe they just want to explore the development of Haijing, and their bids are very casual.

This also indirectly shows that SoftBank's Chairman Sun's offer is indeed bold.

Even the lowest price offered is similar to that of several other major capitals.

As for the highest price, it is even 10 billion US dollars higher than the valuation of other companies.

"Thank you all for your hard work today!"

"I have already conservatively promised to give out 5% of the equity of SoftBank. I will follow up with the subsequent negotiations with the investors one by one tomorrow."

"If you are not in a hurry, you can spend a few days in Songjiang City. Our company will cover all the expenses."

"I'll try to get all the financing done within three days!"

After gaining an in-depth understanding of the valuations offered by several companies, the purpose of the meeting was achieved.

After Jiang Hao gave a brief introduction, the meeting ended.

As for the actual financing work, Haijing Technology has an AB share structure, and all power is concentrated in his hands.

He will fulfill his obligation to inform regarding financing, but the actual financing plan, including the final decision on which company or companies to choose, is his own decision.

No matter how good the relationship is, it will not be revealed to everyone present.

Otherwise, once his expectations, including the bottom price, are revealed, he will have nothing more to talk about.

……

"Yes! A minimum of $50 billion!"

"Boss Liu, I've made it very clear. If you can't accept it, other groups will take the remaining shares."

"I have to finalize all the financing work today. If you can't give me an answer now, we will look forward to working together next time!"

With SoftBank's backing, Jiang Hao wanted to negotiate a valuation of more than US$50 billion with the remaining three companies.

But this price is indeed far beyond everyone's psychological expectations.

At least BlackRock has refused and officially withdrawn from financing.

Although BlackRock Group is the world's number one asset management company, it is more likely to directly acquire fully developed companies in the market.

Not many people participate in high-risk investments like venture capital.

Their style is more dependent on their own huge amount of capital, like the big fish eating the small fish, to earn more stable money.

In this area, the valuation price given is indeed not as good as that of the other two venture capital firms.

Of the two, only Sequoia has currently accepted a valuation of $50 billion.

Jiang Hao is now finally confirming with IDG. If it fails, Softbank and Sequoia will take the remaining financing share.

"Mr. Jiang, can you tell me which of your peers have already reached an agreement?"

Mr. Liu on the other end of the phone could only offer a highest valuation of US$48 billion.

The final 200 million valuation took almost two days.

After all, he is only the head of IDG's Asia-Pacific region, and the actual funds still need to be approved by the headquarters, so the funding issue is very strict.

Now that he heard that Jiang Hao was about to make the final decision, he couldn't help but want to test the waters.

“SoftBank and Sequoia.”

"Okay! I accept this valuation!"

His tone sounded like he had made a great decision, and I guess it was a decision made by President Liu beyond his authority.

"Mr. Liu, on behalf of Haijing, I welcome your IDG Group to continue to participate in the B round."

"You are welcome to attend the final financing signing meeting at 3 pm."

"Of course, within a week, I need to see more than 50% of the funds arrive."

After some explanation, Jiang Hao finally hung up the phone and confirmed the last investor.

……

At around 2 p.m., representatives of the parties who had reached an agreement on the deal had already arrived at the Fortune Center Building.

Jiang Hao also entered the meeting room at this time, thinking about starting the work of finalizing the financing in advance.

Who would have thought that as soon as I came in and sat down, the phone on the table started vibrating.

I didn't want to pay attention to it at first, but after seeing Deputy Director Qi's name on the caller's contact list, I changed my attitude.

"Sister Zhang, please send the contracts to everyone first."

"Everyone, let the lawyer look at the contract details first. I'm going to go outside to answer a phone call."

After saying that, he walked out of the meeting room calmly.

"Hey?"

"Brother Qi, yes, it's me."

……

"That's true, but where did you hear the news?"

……

"Secretary You will be here soon too?"

……

"Okay! Okay!"

"I'll try to finish discussing the financing as soon as possible! If I'm slow, Secretary You might have to wait for a while in the company."

……

On the phone, Jiang Hao was quite surprised that Secretary You was suddenly coming to his company.

However, his mind was still on financing at the moment, so after hanging up the phone he hurried into the conference room.

The contracts of several parties were reviewed by the legal teams of each party for more than half an hour.

It was not until 3:, after the last IDG signed the agreement, that Haijing Technology's Series B financing was officially finalized.

SoftBank invested 2.5 million euros, accounting for 5% of the shares.

Baidu, Alibaba and Tencent each invested 1.2 million euros, holding 3% of the shares each.

Sequoia and IDG each invested 1.5 million yuan, and taking into account the original diluted shares, their respective shareholdings reached 5%.

The diluted shares of the remaining investors are as follows.

Jiang Hao still owns 64% of the shares, which naturally includes the shares of the founding team.

The shares of both Hillhouse Capital and Mr. Lei were also diluted to 4%.

The shares of Lu Weiming, Yang Tianhao and Professor Zheng further declined, each accounting for only 1.34%.

In the end, Jiang Hao and the founding team still hold the majority of the profits.

Haijing Technology raised a total of 9.1 million yuan in this round of financing, which will be used for its future development.

When it comes to funding, there is absolutely no need to worry.