My Life Can Hang

This also caused the price of Song Zhong No. [-] to approach the sky-high price.

50 a catty, there is still no market.

"As expected of Mr. Chen, it's a big deal. Mr. Chen should have packaged the output of Song Zhong No. [-] this year, right?"

Some investors sighed and couldn't help but close their eyes and taste this cup of "Emperor's Tea" carefully again.

Chen Dongcheng didn't feel distressed at all, smiled lightly and shook his head without responding.

The profit from speculating on Bitcoin alone is enough for Chen Dongcheng to buy the production of Songzhong No. [-] in the next hundred years and drink it until he vomits.

But no matter how good the tea is, it is not as important as the Douyin project.

Seeing everyone put down the teacups one after another, Chen Dongcheng gave Hong Jun a wink.

Hong Jun opened the PPT knowingly and began to introduce.

"Before this investment conference, I would like to formally introduce the background of Cao Cao Entertainment.

Cao Cao Entertainment Group will include Douyin, Xiaolanshu, keep and many other large-scale national social platforms.

I am honored to have the opportunity to be the chairman of Cao Cao Entertainment Group and the CEO of Douyin. "

Cao Cao Entertainment?

Shouldn't TikTok be introduced?

Many investors were dumbfounded.

Only Peng Zhijian, who got the news from Chen Dongcheng last night, seemed very calm.

But then again, this big entertainment group seems to have quite a future.

Keep is on the Internet fitness track, and it is difficult to find opponents.

No matter what the profit prospects are, over [-] million users are real.

Xiaolanshu has gone further and further on the road of pure social and weak e-commerce.

It even started to warm up with Douyin. Both of them are taking the road of developing traffic, and the synergy is very high.

Needless to say, Douyin is a national phenomenon-level social software.

If these three companies are pinched together, it will definitely be a good thing for both parties.

As for the right to speak, there is no need to worry at all.

In Xiaolanshu and Douyin, Chen Dongcheng is absolutely controlling.

Even in keep, it is because Chen Dongcheng holds too much equity in the super orangutan.

After the super orangutan merged with keep, Chen Dongcheng's voice over the merged company increased rather than decreased.

"In the future planning of Cao Cao Entertainment, we will focus on developing more business lines. For example, we will launch browsers, maps and other businesses, and strive to expand the territory of the entertainment business."

Good guy, the ambition is really not small!

This is the true reaction of all investors.

If it is true according to Hong Jun's description, Cao Cao Entertainment's future business will be extremely huge.

But these businesses are not without basis.

For example, the browser business will expand the channels for platform traffic growth such as Douyin and Xiaolanshu, and maintain users' usage time.

For example, the map business can greatly enrich the usage scenarios of Cao Cao Dianping's in-store and take-out.

Even in the future, it can enter the taxi business.

These businesses are all around the main business.

Many investors also nodded in approval.

If it is said that Douyin is singled out, it has already made them excited enough.

Now pinching these companies together, the temptation is too great!

Many investors fell into silence, and they began to quickly search for companies that matched Cao Cao Entertainment in their minds, so as to be a reference.

Many people's eyes suddenly lit up, byte beating!

That's right, it's byte beating!

It's just a weakened version of the browser, the ByteDance of the enhanced version of the short video business!

ByteDance started with browsers and gradually developed its video business.

The Cao Cao entertainment described by Hong Jun is the exact opposite.

Started from short videos, and quickly expanded, and then developed the browser business in the reverse direction.

Although the development direction of the two is a bit opposite, it is still a relatively similar comparison project.

It's easy to have a reference object.

ByteDance raised a round of financing at the end of last year at a valuation of $110 billion.

As of August, ByteDance completed another round of financing.

Due to the lack of Douyin, which should have been developed by them, the increase in the valuation obtained by ByteDance relying on other products is not very obvious.

Only obtained a valuation of 150 billion US dollars from the General Atlantic Group.

Turning back to the short video field, Fujixun is said to have been in contact with the Kuaishou team, intending to give a valuation of 180 billion US dollars after the investment.

What is the daily life of Kuaishou?

Only [-] million.

The daily activity of Douyin is twice that of Kuaishou!

Of course, no one will give Douyin twice the valuation of Kuaishou, which is a bit too evil.

Even so, it is not too much for a single Douyin to give a valuation of 200 billion US dollars.

After merging with the super orangutan, keep has continuously transferred online fitness users to the offline super ape gym.

How to say the valuation is also worth 15 billion US dollars.

As for Xiaolanshu, they have obtained a valuation of 30 billion US dollars before, which proves that their development ideas are feasible.

Just such a calculation, Cao Cao Entertainment is worth at least 245 billion US dollars.

Considering that there will be browser business and map business in the future.

The answer in everyone's heart is already obvious.

chapter 447

"I believe that everyone already has the answer in their hearts, so I will also give you a reserve price.

We hope to obtain a valuation of no less than 300 billion US dollars and sell 10% of the equity in the first round.

In addition, the investors and employees of Xiaolanshu and keep will be exchanged for shares of Cao Cao Entertainment in equal proportions according to their valuations. "

After Hong Jun finished speaking, he quietly looked at the many investors.

Everyone's faces were a little complicated, and they were obviously hesitating whether to follow up.

Valuation depends entirely on how the investee company negotiates with the investment institution.

If the initiative is in the hands of the invested company, the equity will definitely be rare, and the valuation will definitely not be low.

Now Cao Cao Entertainment, is such a situation.

So many investors have the idea of ​​participating, even if the valuation is slightly higher, it is not unacceptable.

"We Sequoia are willing to accept this valuation. If you don't mind, we Sequoia would like to lead the A round of investment in Cao Cao Entertainment."

Shen Beipeng was the first to speak, and when he came up, he wanted to take off the big head.

Wei Zhen, President of Huaxia District of Warburg Pincus, immediately sneered: "Mr. Shen is too greedy. We Warburg Pincus are also very optimistic about the prospects of Cao Cao Entertainment, and we also want to lead the investment."

"Cao Cao Entertainment is a rare good project recently, and we, Temaxi, also want to lead the investment."

Wu Yibing from Temaxi seems to be relatively gentle and laughs when he sees people.

But that's just an appearance, and everyone knows that this one is not a good person.

Investors from other institutions are a little confused at this time.

They can enter the conference room, proving that the capital strength behind them cannot be underestimated.

Even so, the valuation of Cao Cao Entertainment is too high for them.

It even makes them afraid to make decisions without authorization.

Hong Jun nodded slightly and asked with a smile, "Thank you, President Wu, President Wei, and President Shen for their optimism on Cao Cao Entertainment.

I don't think it's as good as the three of you as lead investors, each taking 2.5% of the equity.

The rest of the equity is shared by other investors. What do you think? "

Shen Beipeng smiled and shook his head: "I have no opinion."

"Me too."

"me too."

Wei Zhen and Wu Yibing shook their heads at the same time.

For them, each investment of 7.5 million US dollars is not a small amount.

The more, the greater the risk.

"Then let me congratulate the three in advance for becoming shareholders of Cao Cao Entertainment."

After thanking the three with a smile, Hong Jun began to put pressure on the others in the conference room.

"Mr. Peng of Yuansheng Capital will also get 1% of the equity because he has an agreement with Chen Dong in advance."

"The equity that is really left to everyone is only 1.5%."