Rebirth, I am the most powerful business tycoon

Taiping Mountain, Jiang Manor

“Brother Feng, please help me with something.”

After breakfast, she sat on the sofa to rest.

Li Ruotong walked over slowly with a big belly.

Jiang Feng stood up and quickly helped her sit down, carefully leaning on the sofa, and then said with a smile on his face:”What? thing? After adjusting his sitting posture slightly to make himself more comfortable

, Li Ruotong said:”Well, recently a venture capital company called IDG wants to invest in Qunar.com. Do you think I should agree?””

“IDG？”

“Um”

“The nose is really sharp.”

Jiang Feng said with a smile.

Li Ruotong became interested when he heard this, blinked and asked,”What do you mean? Seeing her interest, Jiang

Feng explained:”A few days ago, Mr. Xingkong Qiu was still telling me that IDG wanted to invest in their Xingkong Group.””

“oh~~”

Li Ruotong suddenly realized.

Then he asked,”Then, does the boss agree?”

“Not yet, I asked him to talk to venture capital first, find out the bottom, and see how much they value Starry Sky.”

He smiled and looked at Li Ruotong,”By the way, how much does IDG value Qunar.com?”

The valuation determines how much venture capital values a company. The higher the valuation, the more it values it. Otherwise, it means it doesn’t value it, or it’s just average.”

Li Ruotong said:”The price they offered was US$5 million to buy shares, accounting for 10% of the total.” 25% of shares, I haven’t agreed yet”

“5 million US dollars accounted for 25 shares%？”

“That’s a valuation of $20 million”

“this price…hehe!”

Jiang Feng shook his head and laughed.

“how? Brother Feng, do you think it’s too little?”

Li Ruotong looked at him and shook his head, and couldn’t help but ask.

“It can’t be said that it is less. The details still depend on the business of Qunar.com.”

“Tell me, how many users are there as members of Qunar.com, how many orders are there every month, and what are the current profits?”

Jiang Feng asked several key questions in succession.

Li Ruotong was stunned at first, then frowned, his nose wrinkled slightly, looking like he was thinking.

Jiang Feng smiled and stepped forward to pick up her finger.

The pregnant woman had gained weight all over her body, even her palms.

Li Ruotong was used to Jiang Feng’s fondness for playing with his palms, so he didn’t pay much attention to it. Instead, he thought about Jiang Feng’s question.

After a while, Li Ruotong said slowly:”I don’t know the latest data very well. I only remember one data from last week. There are currently 900,000 registered members and more than 160 registered travel agencies. The current main business scope is to provide Hong Kong services. , travel to the Mainland, Bay, and Macao Islands, as well as business to island countries, the United States, and Southeast Asia”

“As for orders, the first quarter was the off-season for tourism. There were more than 700 orders, with a transaction volume of more than 4.8 million Hong Kong dollars, a year-on-year increase of 42%, and a net profit of 280,000 Hong Kong dollars….”

Net profit 280,000?

Or off-season?

Jiang Feng nodded, it was better than he expected.

At least there was no loss.

In the tourism sector, despite the fact that the transaction volume is as high as more than 4 million, the actual profit is only about 10%.

Of course, various additional functions are not enabled.

Such as VIP booking, VIP membership and other services.

There are also businesses such as travel insurance that have not been launched.

In fact, there is still a lot of potential.

At present, Qunar only provides online hotel booking, online ticket booking and travel services. Other projects such as online advertising and travel insurance are not included.

Especially insurance, this is a huge profit pie

“good”

“The performance is going well, better than I expected.”

“Calculated based on your registered membership and order conversion rate, I think the most reasonable valuation should be US$50 million.”

“You just go and negotiate with them at this price. If you can agree on the deal, let it go. If you can’t agree on it, forget it. When the time comes, I will inject another 10 million.”

Jiang Feng said with a smile.

In fact, he has a way to quickly accumulate users.

You can use coupons. For example, if you spend more than 2,000 Hong Kong dollars, the platform will provide a coupon of 200 yuan, which can reduce the order price. You can also invite new users and get 100 Yuan’s platform gives away coupons and other marketing methods.

Jiang Feng can launch these at any time.

However, he does not want to move out too much, otherwise it will only make it cheaper for others.

Now, Qunar.com is unparalleled in Hong Kong and the mainland. Competitors, this kind of fast-fission trump card, should wait until there is a rival.

Good steel is used on the blade.

Li Ruotong was shocked when he heard Jiang Feng said that Qunar.com was valued at 50 million US dollars.

In fact , , in her opinion, 20 million US dollars is already very good. After all, a company only makes 280,000 Hong Kong dollars in a quarter….

However, what she doesn’t understand is that the Internet industry is not valued based on revenue at all.

It’s about market share and market size.

There is no doubt that the tourism market is at least one trillion U.S. dollars, and may be as high as 10 trillion U.S. dollars in the future.

With such a large-scale market, and Qunar.com is the world’s first travel website and currently the largest travel website, its valuation naturally needs to be high.

Looking at Li Ruotong who was surprised, Jiang Feng smiled and said,”You…What does this mean? Just wait. In the future, there will be giants with valuations of hundreds of millions of dollars, or even billions or tens of billions of dollars….” hiss~~~

Li Ruotong took a deep breath of air-conditioning and said with a numb scalp:”Ten billions of dollars…Are there really such high-end Internet companies?”

Jiang Feng smiled indifferently and said nothing.

Even if the valuation is tens of billions of dollars, there will even be giants with valuations of hundreds of billions of dollars in the future, let alone tens of billions of dollars……..

In the next few days, Jiang Feng accompanied the girls and served as Li Ruotong’s military advisor.

Kleiner Perkins Caufield & Byers, IDG and IDG are moving quickly.

For this investment, IDG sent heavyweight investors.

After a war of words, Li Ruotong was the first to reach an agreement. IDG invested US$10 million in Qunar.com, accounting for 20% of the shares. As a condition for recognizing Qunar.com’s valuation of US$50 million, IDG proposed to invest Where Travel Network must go public in three years.

It also proposed that next year, that is, before December 1995, the number of users will exceed 3 million, the annual transaction orders must reach 10,000 orders, and the transaction volume must be 100 million Hong Kong dollars. as a gambling condition.

If it fails, Li Ruotong needs to use 20% of his shares to compensate IDG.

It seems difficult, but for Jiang Feng, it is not a difficult task.

Soon, news was revealed that Qunar.com had raised US$8 million in financing.

It caused an uproar in the financial circle, and even the American venture capital circle and the Internet circle.

Eight million U.S. dollars, and only 20% of the shares were obtained. Doesn’t that mean that Qunar.com is valued at 50 million U.S. dollars?

A one-year-old company is valued at $50 million?

This is too childish.

The reason why Qunar.com has received such high attention is mainly because it has the largest amount of financing since the birth of the Internet.

When Sequoia invested in America Online, it was only US$3 million.

Now, this little-known company is actually valued at US$50 million….

What kind of website is this, worth so much money?

Soon, there were a lot of searches for Qunar.com, and after seeing that it was a website that provided online travel services, everyone suddenly understood.

Regardless of whether it is useful or not, add it to your collection first.

It will be useful if you go on a trip someday.

Ever since.

Through media reports, it has brought a large number of new users to Qunar.com.

A period of one week.

The number of users of Qunar.com surged by 200,000.

Successfully entered the top ten websites in the world.

For a time, he became famous.