Rebirth of science and technology academic master

Chapter 137 Financing Success (Second Update)

On the morning of January 5th, WeChat company conference room!

Chen Zhiyuan is accompanying Qin Yuanqing and Jingtian, talking about the negotiations over the past few days.

"Mr. Qin, I see that the valuations of several major investment institutions are around four to five billion. It is very difficult to reach a valuation of 10 billion!" Chen Zhiyuan frowned slightly.

In fact, even if the valuation is only 4 to 5 billion, he has already made several times his original investment. He invested 15 million. According to the valuation of 5 billion, his 3% stake is 150 million, which is a tenfold increase.

"Mr. Chen, you have to understand clearly that several major institutions have been wanting to get involved before, which shows that they are optimistic about the development prospects of WeChat!" Qin Yuanqing smiled lightly, "If these investment institutions are unwilling to accept this valuation, then Forget it, I’ll just inject more money into WeChat!”

In Qin Yuanqing's mind, the 10 billion valuation is the valuation before financing. It can only be more but not less. This is the bottom line, otherwise there will be no financing.

Chen Zhiyuan smiled bitterly in his heart. This academician is really different. Although other academicians are not poor, they are not close to the rich. However, Qin Yuanqing seems to be unable to spend all his money. A previous capital injection, because he had no money Continue to follow up and the shares will be diluted to 3%.

"Don't worry, I'm very optimistic about the company's prospects!" Qin Yuanqing consoled him.

However, Qin Yuanqing has already started to think about it. Although Chen Zhiyuan has good abilities, as WeChat continues to grow, Chen Zhiyuan is somewhat inappropriate as the leader of WeChat, and his courage and structure are not enough.

If it were an alien, I would wish that the pie was as big as possible!

Even I don’t have the confidence. If investors can believe in WeChat, it will be worth the price.

"Mr. Qin, Mr. Chen, Mr. Jing, here comes the distinguished guest!" Chen Zhiyuan's secretary knocked on the door of the conference room to remind people from the investment institution.

"Let them come in!" Qin Yuanqing said with a smile.

Immediately, people from several major investment institutions came, and they were not too surprised to see Qin Yuanqing. Based on their connections, they all knew that Qin Yuanqing was the largest shareholder of WeChat, and Chen Zhiyuan told them yesterday that Qin Yuanqing would personally participate in the negotiations.

"Everyone, welcome to WeChat!" Qin Yuanqing greeted everyone with a smile and walked up to shake hands.

"Academician Qin, I have long admired your name!" Xiong Xiaoge, as the head of IDG China, felt very emotional at this time. The media would not have thought that the famous Academician Qin was also the largest shareholder of WeChat.

Nowadays, all major capital circles are eyeing WeChat and want to recreate Tencent’s Internet myth. After all, WeChat’s rapidly increasing number of users and online activity volume that is almost equal to the number of users all demonstrate WeChat’s advantages and are very likely to continue. Another social kingdom after QQ.

As China continues to deepen reforms, more and more capital is pouring into China, wanting a piece of the pie.

"Everyone, a valuation of 10 billion yuan before financing is my bottom line, and this will not change." Qin Yuanqing took the lead and said: "I won't tell you whether it is worth it. Next, I will talk about WeChat's development ideas. If you don't agree, you can leave this office."

Qin Yuanqing then turned on his laptop, which was already connected to the projector. A picture suddenly appeared on the screen, with WeChat and WeChat Pay in the middle, surrounded by online literature, film and television sections, cloud services, e-commerce and other sections.

"This is the next development strategy of WeChat. Currently, the online literature section has been completed and the e-commerce section is in progress. After this round of financing, other sections will be developed." Qin Yuanqing said frankly: "If you don't participate in the financing this time , I will continue to inject one billion, and when WeChat starts financing again in the future, the price you will pay will be much more than now!"

The heads of several major investment institutions looked at each other in shock. They did not expect that WeChat's development strategy would be so big and Qin Yuanqing would be so rich.

This simply means that these investment institutions are not necessary, and their status suddenly becomes unimportant.

Someone from SoftBank raised a question: "But the pre-financing valuation is 10 billion yuan. After financing, 10% of the bonus pool needs to be left in proportion, and the voting rights are only half. This is not fair!"

Qin Yuanqing spread his hands: "There are not so many fair things in this world. I think if a company develops well and shareholders can make money, it is not a good thing to interfere too much in the company! For example, when you invested in Alibaba Group, you didn't get the corresponding compensation even if you thought about it. Vote!”

Alien, the founder of Alibaba, is not easy to deal with. He is very cunning. He firmly controls the Alibaba Group with only a small number of shares. He even made a wave of tricks and forced Alipay to become an independent company. Alibaba Group has taken advantage of everything, but Alibaba's shareholders can only stare and have no choice.

"My time is precious. Please decide now whether you agree with the financing plan. Of course, if you miss this opportunity, the next financing will be one year later." Qin Yuanqing said calmly.

The heads of several major investment institutions looked at each other. This was their first time meeting such a unique founder as Qin Yuanqing.

Their joint operation in the past few days suddenly collapsed and lost its effect.

As for participating in financing after a year, this is simply a joke. The earlier the better, the later the greater the price. Who knows what WeChat’s valuation will be in a year, and who can know at that time. Academician Qin will have no money. If he continues to inject money willfully at that time, then WeChat will have no chance of them.

"Academician Qin, the pre-financing valuation is 10 billion yuan, and IDG agrees with this valuation! For 2 billion yuan, IDG wants 10% of the shares and 5% of the voting rights!" Xiong Xiaoge said.

"Oops!" Others trembled in their hearts, secretly thinking that something was wrong, which meant that Xiong Xiaoge's post-financing valuation was 20 billion yuan.

Next, the whole conference room was filled with the smell of gunpowder, and even quarreling broke out. It lasted until the evening, and then the entire financing plan was negotiated and all the capital parties were satisfied and stopped.

According to the negotiated financing plan, IDG invested 2 billion to obtain 10% of the shares and 5% of the voting rights, SoftBank invested 2 billion to obtain 10% of the shares and 5% of the voting rights, and Sequoia Capital invested 1 billion to obtain 5% of the shares and 2.5% of the voting rights. Regarding voting rights, kpcb and DFJ each invested 500 million to obtain 2.5% of the shares and 1.25% of the voting rights.

This also means that WeChat has raised 6 billion in financing this time, totaling US$906 million. Qin Yuanqing also injected an additional 1 billion yuan, bringing the total financing to 7 billion yuan, a total of 1.057 billion US dollars. In fact, several major investment institutions saw that Qin Yuanqing was really not short of money, and they couldn't help but feel happy in their hearts. Fortunately, they didn't give up. Otherwise, God knows how much more it would cost to raise money a year later.

After the financing, Qin Yuanqing's shares were diluted from 77% to 58.5% and 67.75% of voting rights, with a share value of 11.7 billion yuan; Jingtian's shares were diluted from 20% to 10% shares and 15% of voting rights, with this share worth 2 billion yuan . Chen Zhiyuan's shares were diluted from 3% to 1.5% and 2.25% voting rights. The shares were worth 300 million and he became a billionaire.

On January 6, idg and other investment institutions and WeChat held a grand signing ceremony at the Bird's Nest.

People with countless flashes couldn't open their eyes, and pressing the shutter felt like their hands were cramping.

In full view of the public and witnessed by the media, several top capital and WeChat companies signed financing agreements here.

The entire financing scale reached an astonishing 7 billion yuan, totaling 1.057 billion US dollars, creating the largest single financing scale of China Internet. WeChat, which had just been established for more than a year, had a valuation of 20 billion yuan and became a major Internet company.

After the financing agreement was signed, this shocking news spread all over the world instantly with the leaving media. Countless technology, financial, gossip newspapers, and online media spread the news like crazy.

That afternoon, everyone who saw the news was severely shocked, including major Internet companies.

"WeChat's sky-high financing" was used by China Business News as a report, reporting on the scale of financing, and also introducing WeChat, an Internet company with only 500 employees.

"In the turbulent technology industry, will you be next?" Science and Technology Daily's report is full of temptation.

"Shocking, behind WeChat's sky-high financing, is..." The shock department came up with a shocking headline, attracting countless viewers, and the focus was on Qin Yuanqing and Jingtian. Qin Yuanqing is WeChat The major shareholder, Jingtian, is the legal representative of WeChat. The shareholding ratios of Qin Yuanqing and Jingtian in WeChat are listed in detail.

Crazy reports from the media have made news on WeChat fly all over the sky and become more and more intense!

Jealous, envious, and dismissive netizens abound.

"The birth of a billionaire!"

"So what if the valuation is high? Aren't you making money for foreigners? Rubbish..."

"Academician Qin should be the richest academician, right?"

"Shouldn't scientific researchers be able to live in peace and prosperity?"

"Report Qin Trash and corruption!"

"An actor has a net worth of 2 billion, what's the point of God!"

. . . . . .

There are all kinds of words on the entire Internet. There are people who are envious and jealous, and people who hate the rich are everywhere, and the entire Internet is boiling.

The Weibo accounts of Qin Yuanqing and Jing Tian both crashed, and Sina Weibo became laggy, leaving the Weibo staff in tears. How could it be that these two were the cause every time?

Qin Yuanqing's KouKou group and WeChat group also exploded. After all, they all know that Qin Yuanqing is rich, but there is no comparison between being rich and being a super rich man with a net worth of tens of billions.

According to this net worth, Qin Yuanqing can be ranked 50th in the "China Forbes Rich List 2010", belonging to the level of rich people.

And this has also given a huge impact to many people, because the scientists who appeared in front of people in the past were not rich people, and many of them were even poor and impoverished.

As a result, Qin Yuanqing is a billionaire. This subversiveness is absolutely amazing. Many people cannot accept that a scientist can become a billionaire.

They firmly believe that scientists should be poor and destitute! Therefore, many keyboard warriors on the Internet directly questioned Qin Yuanqing's misappropriation of scientific research funds and reported it to relevant departments.

Starting tomorrow, updates will be done in the morning. It’s faster to find an editor to make changes and unblock them. Editors have to rest early in the morning. It’s not good to disturb others.