My Life Can Hang

To put it bluntly, entrepreneurs can lose money, but they must make money.

In the industry, there are many companies that are even stranger than the terms signed by Qingju Technology.

For high valuations, higher financing amounts, even three or four times the liquidation multiple, they dare to promise.

When the company goes bankrupt or is merged, these investors will show a cold-hearted side.

After the cake has been divided up by them, it would be nice if the founder could have some slag left.

The money given by Didi will first feed all the investment institutions in the three rounds of ABC, and Chen Dongcheng and the others will share the rest.

Investment institutions in the B round choose the same as the C round, after twice the liquidation preference is exercised.

Take away 4 million US dollars, plus two years of annual dividends of 8000 million, a total of 4.8 million US dollars.

The remaining Series A investment institutions are simple, and they will definitely not exercise the liquidation preference.

When they signed the contract, they only had to double their liquidation rights.

If the liquidation preference is really exercised, it can only take 1 million US dollars, plus 6000 million annual dividends.

They converted the preferred shares they held into common shares without any suspense, and then distributed the remaining money with Chen Dongcheng and several of their founder shareholders.

If Didi hadn't just swallowed Uber Huaxia not long ago, it would have been reluctant to acquire Qingju Technology by issuing additional equity.

Didi's equity is very valuable, not only Chen Dongcheng knows this, but others too.

The B rounds and C rounds basically take the money away, and the remaining employees hold shares more easily.

Chen Dongcheng directly asked Li Changqing and the others to negotiate.

According to Didi’s purchase price, the options previously issued to these employees will be repurchased.

The employees are naturally satisfied and have nothing to say. When many companies were acquired, the option agreement they signed was a piece of waste paper.

In contrast, Chen Dongcheng can still respect them.

The price offered to them was also the same as Didi's purchase price, and they all signed the repurchase agreement.

After getting the employees, only Ding Baoshan, Zhao Yin and the two investment institutions of the A round are left.

Ding Baoshan intends to settle down and sign the repurchase agreement to transfer the equity he holds to Chen Dongcheng.

"Tsk tsk, one hundred million dollars, you really didn't lie to me!"

Ding Baoshan looked at the contract with delight, and Fa Xiao's promise to him at the beginning was actually fulfilled.

In recent years, although there have been times when netizens have no brains, it does not prevent Ding Baoshan from becoming a billionaire.

Chen Dongcheng smiled and patted Ding Baoshan's shoulder: "Don't forget to pay taxes."

"Don't worry, I know it in my heart, and the money I should spend will not be distressed!"

Ding Baoshan grinned and began to persuade Zhao Yin for Chen Dongcheng.

"Old Zhao, we have worked together for more than two years, and you have indeed contributed to Qingju Technology.

But since everyone has decided, let's not regret it.

Now that Dongcheng wants to buy your equity, you might as well show some face.

In the future, everyone can continue to cooperate. If you start your own business, I will definitely vote for you. "

Zhao Yin glanced at Chen Dongcheng and hesitated for a while.

He is also not sure whether he should ask for Didi's equity or direct cash.

Since Chen Dongcheng has set up a battle to acquire equity, it means that he must be very optimistic about Didi's prospects.

But think about your own equity, even if it is converted into Didi's equity, there is not much.

Zhao Yin sighed: "Back then, when we were most short of money, Mr. Chen lent us 5000 million. I will always remember this love. This time, we have settled with Mr. Chen."

After Zhao Yin finished speaking, he signed the contract neatly and walked out of the office.

The remaining two investment institutions can't make any waves.

After they signed the contract, Chen Dongcheng sent them out of the conference room with a smile.

When everyone left, Chen Dongcheng could finally breathe a sigh of relief.

After acquiring the equity of these people, Chen Dongcheng asked Li Changqing and the others to contact several investment institutions in the C round.

At some cost, they repurchased part of their shares, raising the value of their equity to just $27 billion.

Li Changqing and the others have been busy all day, and they are struggling to talk for this acquisition.

"Boss, everything is done, you need to pay a total of 9.37 million US dollars.

All the shares issued by Didi this time will be listed in your name. "

Chen Dongcheng nodded, indicating that he knew.

This time Didi acquired Qingju Technology, and Chen Dongcheng had to pay 9.37 million US dollars without making any profit.

This does not include the taxes generated by the transaction, but these will be calculated by Li Changqing and the others, and finally handed over to Chen Dongcheng as a total.

If it weren't for Tottenham's good performance last season, they would have provided Chen Dongcheng with more than [-] million pounds.

Where did Chen Dongcheng get the money to buy the equity of these people.

Thinking about Didi's valuation, it can at least double, and Chen Dongcheng feels that his hard work is worth it.

At the celebration party after the merger, all the investors gathered together to talk.

Many people's eyes turned to Chen Dongcheng, especially Didi Fang's executives, with a very strange expression on their faces.

They never dreamed that Didi would have a relationship with Chen Dongcheng, and in this way.

"Welcome President Chen back to the Didi family!"

The expression on Liu Qing's face was very magnanimous. As for the seat on the board of directors, Chen Dongcheng was also prepared this time.

At least among Didi's shareholders, Chen Dongcheng's shareholding ratio ranks second.

The ranking is second only to Uber, which recently completed its merger with Didi.

Chen Dongcheng smiled and touched the glass with Liu Qing: "Mr. Liu, it's a pleasure to meet you."

Right or wrong is a matter of position.

Even now, Chen Dongcheng doesn't take DiDi too seriously. DiDi is just a springboard for him to accumulate wealth.

If there is a suitable opportunity, he will choose to sell Didi's stake, provided that the price is satisfactory to him.

Didi's listing was not completed until Chen Dongcheng was reborn, and Chen Dongcheng didn't have the patience to wait any longer.

The atmosphere of the reception was very harmonious, with laughter and laughter everywhere.

Didi's purchase price makes everyone very satisfied.

None of the investors present did not leave with a lucrative return.

At the time of the capital winter, such a dazzling performance can be achieved.

For these fund institutions, the next batch of fundraising will be smoother.

The only people who were sought after at the reception were Chen Dongcheng and Cheng Wei.

One is the helm of Didi, and the other is the biggest winner of this transaction.

"Congratulations to Mr. Chen, Mr. Chen is really insightful, and I look forward to seeing Mr. Chen on the Forbes Rich List this year."

"Mr. Chen is in the top [-] this year, so there shouldn't be any suspense."

"President Chen is so young, and in a few years, the old king will have to be pulled down by Mr. Chen."

……

With so much touting, Chen Dongcheng can still keep his composure, which makes a bunch of old fritters who have been in the business world for many years unable to help but admire.

If they were at this age, they would have been touted by a bunch of bigwigs.

Cheng Wei laughed and said, "Don't tout Mr. Chen. This time we, Didi, are the ones who are bleeding heavily. In order to acquire Qingju Technology, we paid a lot."

All the people present were noncommittal to Cheng Wei's words.

No matter how you look at Didi’s acquisition of Qingju Technology, it’s all stopping losses.

It seems to have spent 37 billion US dollars, which is a bit painful.

But killing a potential competitor in the cradle is what matters most to Didi.

chapter 332

At the end of the celebration reception, Chen Dongcheng was caught on fire by the crowd and drank a little too much.

Relying on good physique, strong support without gaffe.

Those who have seen Chen Dongcheng's drinking capacity, all praised his good drinking capacity.

"Boss, are you still going to the hotel?"

Xie Jingyu sat in the co-pilot and asked sideways.

"Go to the No. [-] courtyard of Diaoyutai."

Chen Dongcheng rubbed his brows and said.

Xie Jingyu nodded, and Pang Zhengyang started the vehicle.

Diaoyutai No. [-] Courtyard has always been among the top luxury houses in Beijing, and it has never fallen.

Except for the Bentley that drove into the community, all other vehicles stayed outside.

Pang Zhengyang sent Chen Dongcheng to the door all the way before leaving with confidence.

"Clap."

The copper door to the house was opened, and the inside of the house was pitch black.

Chen Dongcheng looked at the high heels at the door, changed his shoes and walked into the house.