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

In the conference room, everyone has reported the valuation quotes from various investors.

Most of the valuations given by several companies hover around 1000 billion.

Compared with Goldman Sachs, there is no other company that Jiang Hao is satisfied with in terms of valuation.

BlackRock Group gave the highest valuation, 1100 billion euros, and wanted a 5% stake.

It is worthy of being the world's largest asset management group that mainly invests in listed companies.

They were deterred from financing Haijing in the B round when its valuation was still low, but now that Haijing’s valuation in the D round has reached an extremely high level, they are willing to pay for it.

BlackRock Asset Management's style is indeed different from that of specialized venture capital.

The most important issue is not funding, but risk.

As long as the risk is low enough and the return is certain enough, money is not a problem!

"How about this, please help me negotiate another round. 1100 billion is the bottom price, and we can negotiate as much as we can."

The reserve price is a round of offers from BlackRock Asset Management.

Jiang Hao already had a rough idea in his mind and tried his best to get closer to Goldman Sachs' valuation of 1300 billion euros.

If it is really unacceptable, he will finally accept BlackRock and Goldman Sachs and give up the rest.

As a round D financing, a share transfer ratio of 10-20% can be achieved.

Everything is subject to the listing requirements. Even if BlackRock fails to reach an agreement in the end, Jiang Hao is prepared to reach an agreement with Goldman Sachs.

Anyway, the amount of funds raised is sufficient, and these companies, as shareholders themselves, will certainly contribute to the listing, not to mention Goldman Sachs’ lead and Suhande’s obvious familiarity with Hong Kong stocks.

As long as this round of financing is completed, listing is indeed just around the corner, and Haijing Technology can be said to have a promising future!

In the meeting room, several shareholders came out one after another.

They tried their best to support Jiang Hao's request.

Their interests are aligned. The higher the valuation of Haijing, the higher the value of the shares they invested in previous rounds.

No one would complain that they have too much money, which is why Jiang Hao trusts these shareholders.

The second round of talks did not officially end until after 8 o'clock in the evening.

After the quotations from all parties in the talks are summarized and handed over to Jiang Hao, he will finally confirm the financing plan tomorrow.

In the end, at ten o'clock the next morning, only Sequoia, BlackRock and Goldman Sachs received invitations.

"Mr. Zhang, I'm sorry!"

"We are old friends, and you are also a shareholder."

"I've made it clear about the valuation. Sequoia offered the lowest price among the three, but it was still willing to give 1150 billion euros."

Before going to the meeting room, Jiang Hao once again explained the situation earnestly to Mr. Zhang of Hillhouse.

That’s right, Mr. Zhang from Hillhouse Capital also wants to follow up with the investment in this round.

Unfortunately, the offer price could not be raised and the highest valuation could only be 950 billion Euros.

If it is higher, the capital chain pressure on Hillhouse will be too great.

For venture capital investors, it is still very difficult to continue investing in the D round.

In the D round of financing of more than 1000 billion Euros, even if the follow-up investment is 3%, it is 30 billion Euros, equivalent to more than 200 billion RMB in cash.

This is enough for Mr. Zhang to invest in hundreds of A and B round corporate projects in the country.

Even though Hillhouse Capital manages more than 700 billion yuan in funds, most of it has been invested in enterprises and projects.

It is impossible to spend such a huge amount of cash at one time.

There is still a gap between it and Sequoia and BlackRock Asset Management, not to mention Goldman Sachs, which is making a last-ditch effort this time.

"Hey~! Mr. Jiang, I understand."

"I just feel a little unwilling to give up. I want to make one last attempt. Since my offer is not as good as others, I also hope that Haijing will have better development."

The bids from each party will not be announced until the financing is completed, and even if either party requests, the specific financing agreement can be kept completely confidential.

Therefore, Mr. Zhang was not aware of the quotations from other parties. Now that he saw Jiang Hao gave the lowest price, he was willing to admit defeat.

Inside the conference room, the three parties finally agreed on the financing amount and share, including specific contract details and the process for fund delivery.

After all, it is a huge amount of cash, and Jiang Hao does not expect all parties to pay the funds in the same month.

But the first payment must be at least 40% in cash, and the second payment must be paid within three months. This is the limit of Jiang Hao's concessions.

The details of the agreement were finally confirmed by all parties around 3: p.m.

Finally, the agreement was signed by all the representatives.

Haijing’s Series D financing was faster than Jiang Hao expected.

It ended in just two days.

After this round of financing, Haijing’s valuation reached a terrifying 1300 billion US dollars, second only to Alibaba’s valuation of more than 1500 billion before its second listing.

However, this is because Alibaba was dissatisfied with the lower market value of its Hong Kong-listed companies, so it went for a secondary listing on the US stock market with a higher valuation.

In essence, Haijing has created the largest valuation for a domestic company before going public.

In the D round of financing, Haijing sold a total of 18% of its shares.

As the lead investor, Goldman Sachs invested 130 billion euros and acquired a 10% stake.

BlackRock Asset Management invested 60 billion euros, accounting for 5% of the shares, and Sequoia Capital invested 34.5 billion euros, accounting for 3% of the shares.

After this round of financing, Jiang Hao's shares held by company employees were diluted to 41.98%, of which he personally held 31.32% and held 10.66% of the option pool for senior executives.

Goldman Sachs became the new largest shareholder, holding a 10% stake.

After the dilution of its equity, Alibaba ranked third, holding 9.84%.

BlackRock Asset Management holds an 8.28% stake, followed by Sequoia Capital with 7.26%.

After dilution, Baidu and Tencent each hold 3.2% of the shares, Hillhouse Capital holds 3.28%, IDG holds 4.26%, and SoftBank holds 3.28%.

Mr. Lei holds a 2.62% stake, while Professor Zheng, Yang Tianhao, Lu Weiming and Mr. Wang of Meituan hold a combined stake of about 2.8%.

After this round of financing, Haijing has completely become a new behemoth!

The valuation, equivalent to nearly 9000 billion yuan, can be described as scary.

"Sky-high financing, the birth of a company with a trillion-dollar valuation!"

"A new financing miracle! Can Haijing achieve its goal?"

On the evening of the day when the signing was completed, the news about Haijing’s successful financing had already made the front pages of various online media.

The words "9000 billion RMB" continue to arouse the public's attention.

This made Jiang Hao, who was already quite famous, refresh everyone's perception of him again.

Although many people know that Jiang Hao is an emerging business tycoon, he has not yet reached the peak.

He thought it would take another ten years, until he reached middle age, to reach the peak of his wealth.

Who knew that in just a short time, Jiang Hao had transformed from a billionaire to a man with a net worth of hundreds of billions?

For a time, the public had already ranked Jiang Hao on the same level as several business tycoons including the two Mr. Ma.

At the same time, everyone's research on Jiang Hao himself has once again begun!